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Boeing Space Center in Kent gave birth to coolest technology of the day
- Steve Wilhelm
- Staff Writer- Puget Sound Business Journal
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Regional Boeing buffs may feel nostalgic at the coming sale of key buildings at the company's legendary Boeing Space Center in Kent, where the company built some really cool hardware.
It's hard to compare the planned 1.2-million-square-foot product distribution center to a site where some of the most advanced technologies of the day were developed and deployed.
Consider the Inertial Upper Stage, the autopiloted rocket that sent the Magellan spacecraft to Venus, Galileo to Jupiter and Ulysses to the sun.
The machine first flew in 1982, weighed 32,500 pounds and was driven by a 45,600-pound-thrust solid propellant rocket motor, nearly twice the thrust of a 737 engine.
The Inertial Upper Stage, made at the space center, could guide itself to put satellites or deep-space probes into proper alignment.
Then there's the AGM-86B/C cruise missiles, which were first used in combat during the 1991 Gulf War.
They also guided themselves, at subsonic speed, powered by jet engines and flying on folding wings, after being dropped by a B-52.
Lunar Rovers for the Apollo missions were also developed in Kent. The battery-powered vehicles allowed the astronauts to explore the moon's surface, rolling on woven-piano-wire wheels at 10 miles an hour, with a top range of 57 miles. They're still up there, and maybe will be used by some future lunar astronauts.
Then there's the tiny trains that Boeing built.
Not what you'd expect, but the '70s were challenging times for Boeing after the supersonic transport (SST) contract was canceled by the U.S. government and other sales sagged. So to diversify, Boeing built a "personal rapid transit" system for West Virgina University, which is still in service (see video below).
Steve Wilhelm covers manufacturing, aerospace and trade for the Puget Sound Business Journal.
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Winnipeg Free Press - PRINT EDITION
Find yourself highly sexed man you need
DEAR MISS LONELYHEARTS: I read in your column about the person who likes sex twice a day. I'm also like that with a few additional playtimes on the weekend. My husband, a healthy guy of 29, should be up for that, but now we're married two years, he only wants it two to three times a week "like normal people." Don't tell me to take care of things for myself. I want a real man for sex! We have no kids (his fault; he wears condoms 100 per cent of the time) so I go out a lot to the casino just to calm down from the rejections and he complains about the money I spend. It's my disposable income. Today, he told me to go see a doctor for something to calm down my libido. He said I was a nympho. That's the last straw. Why the heck should I? Nothing wrong with me. He's the problem and I told him he probably needs testosterone in the worst way. I don't really love him anymore, but it would be embarrassing to split up after our big expensive wedding. -- Stay or Go? Transcona
Dear Stay or Go: A spouse who is constantly pestering a partner can cause a strong feeling of revulsion. That's what's happened here. You're after him for sex 16-17 times a week! That's excessive for busy people, not on honeymoon or holiday. Since you two are young and not having children, and seem to be falling out of love, why continue? Neither one of you is willing to compromise, so consider dissolving the relationship before you get pregnant. You'd be best with a highly sexed man who wants children. You two were not meant for the long run.
Dear Miss Lonelyhearts: I've observed over many decades there really are a few people like Torn, who love more than one person, for different reasons. In this case, she's in love with two brothers and has gone back and forth between them. My advice for Torn would be this: Make a list of pros and cons about each brother. Make it really detailed (I like the way he takes off his shoes). Have lots of paper on hand. It will be a long list for both of them. By the time she's finished, she should know what to do. -- An Observer, Winnipeg
Dear Observer: It's not as simple as deciding what she wants. The lives of these two brothers have torn apart, and now she's at it again. The oldest brother could never bring himself to marry again, after she left him for his younger brother. When the younger brother is out of town years later, she sets it up to see her first husband over a broken water heater. She is a cruel self-indulgent woman. Frankly, it's hard to care what happens to her as she plays with the hearts of two brothers. It's too bad both guys can't dump her and walk off into the sunset as family, but that's not going to happen. I'm betting she'll stay with the younger guy after messing around with the older guy and upsetting him again. She just satisfied a curiosity -- a cat playing with a mouse.
Questions or comments? Write Miss Lonelyhearts c/o Winnipeg Free Press, 1355 Mountain Ave., Wpg, R2X 3B6 or email firstname.lastname@example.com
Republished from the Winnipeg Free Press print edition January 18, 2013 D4
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Town Square
Original post made by 50sh Mom, Another Palo Alto neighborhood, on Jul 21, 2008
Comments (3)
a resident of Another Palo Alto neighborhood
on Jul 21, 2008 at 11:05 am
One more thing, don't take a man, go with a girlfriend (or your daughter).
a resident of Greenmeadow
on Oct 22, 2008 at 10:12 pm
I absolutely loved this movie as well. It should probably be out on DVD already. There are a lot of video rental stores where you could probably find it: Web Link
a resident of Charleston Meadows
on Oct 23, 2008 at 6:20 am
alas not until december
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Young fans introduced to NFL through Madden games
John Madden, a new inductee into the Hall of Fame, is probably more associated to video games than his coaching days with the Raiders.
DETROIT -- Never underestimate the importance of a catchy promotional tag-line, like the one used by EA Sports: "It's in the game."
In part, because he's in the game, or at least lends his famous name to it, former Oakland Raiders coach and current Monday Night Football analyst John Madden is in the Pro Football Hall of Fame as well.
One of six men selected on Saturday to be inducted as the Hall of Fame class for 2006 -- with the enshrinement coming this summer -- Madden's impressive credentials as coach of the Raiders for 10 largely successfully seasons obviously merited him a bronze bust in the football museum. It's also likely, however, that Madden's popularity as a broadcaster, an ambassador for the game for more than a quarter-century now, and, yes, having his surname attached to the popular computer game, didn't hurt his chances.
"I haven't taken a normal breath since (the announcement) or had a normal thought," Madden said. "I'm in shock. On the way over (to the press conference), I said, 'They can't take this away, can they?' "
Without breaching the Hall of Fame's confidentiality guidelines, by which myself and the other 38 selectors are bound, it is fair to report that Madden's overall popularity -- and the persona that he has enjoyed since his retirement following the 1978 season -- was a small part of the discussion of his career during a four-plus-hour selection meeting. The point was made that the younger generation of football fans was introduced to the NFL because of the computer game (Madden has lent his name to computer football games since 1989, and his EA Madden 2006 is another big seller).
For that generation, Madden is, essentially, the face of the NFL.
Still, it was Madden's coaching resume in Oakland that first earned him a nomination from the Senior Committee, which examines the credentials of men who have been out of the game for 25 years or more, and which ultimately won him at least 80 percent of the votes of the 39 selectors. In a long day of debate, and some spirited give-and-take during which the group of finalists was first reduced to 10 and then to six, it was impossible to counter the compelling arguments for Madden's inclusion into an elite fraternity.
Madden, who was only 42 years old when he retired and who maintained his promise never to return to the sideline, compiled a 112-39-7 record 1969-78. That included a victory over the Minnesota Vikings in Super Bowl XI at the end of the 1976 season.
Perhaps one of Madden's most remarkable accomplishments was his 36-16-2 record, a winning percentage of .685, in games against 10 other Hall of Fame coaches. Madden had an overall .739 mark. Although his playoff record was a modest 9-7, Madden faced some of the league's premier teams of that era in the postseason. His five first losses in the playoffs were, in fact, all to franchises that subsequently won the Super Bowl.
Now it will be interesting to see if Madden 2007 features his induction ceremony.
One of the themes that resonated throughout Saturday's deliberations, which were some of the longest ever, was the overall strength of the class of finalists. Selectors agreed it was one of the deepest classes of candidates and that the process was a difficult one.
Among the other men chosen for the Hall, one who had to overcome a long wait and some self-generated controversy was former New York Giants inside linebacker Harry Carson. The 13-year veteran, who retired after the 1988 season, had twice before made it to the final six in the selection process, and fallen short each time.
Carson last year wrote a letter to Hall of Fame officials, probably out of frustration and disappointment, requesting to be removed from the ballot. That stance may have hurt him with some selectors. Saturday, there was a strong presentation for Carson, whose candidacy received considerable discussion.
In the end, perseverance paid off.
Len Pasquarelli is a senior NFL writer for ESPN.com. To check out Len's chat archive, click here .
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Safely tucked away on the higher branches of a Sydney Red Gum, this little raider watches me with interest. I took this photo on one of his nightly visits and used it a basis for this pastel rendition.
What a soulful expression on his little face .. cute … and beautifully drawn.
thanks Blythart
– Tom Godfrey
stunning what a fabulous work of art. well done :) k
thanks Kristina
– Tom Godfrey
ohhh hes adorable ! wonderful work !
Thanks Lucinda
– Tom Godfrey
Wow nice work!
Cheers Steve
– Tom Godfrey
Awwwwww……..the face!!
You made him so alive!
:) Thank you rob
– Tom Godfrey
Thanks kreesor
– Tom Godfrey
Such a lovely pastel possum, Tom. I saw one leaning up against the power pole on our driveway coming home from work one night – so funny, like he was waiting esp for me. Nice painting and composition :-)
thanks for the comment -yeh they are cool lil critters :)
– Tom Godfrey
Beautiful Tom, love the eyes, so expressive;)
Thanks Shanina
– Tom Godfrey
Haha….he is pretty cute. Even though in NZ they are a complete pest :)
I think they are here too in Aussie. :) I thought they were soo cute when we first arrived from Africa, so as soon as I had taken a few snaps, I started "pastelling" – not sooo popular I found out :)
– Tom Godfrey
One of them rushed me one night in a park. Now I steer clear!
You must be furrier than you think :)
– Tom Godfrey


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Offshore drilling, Euro 2012: Poland 1, Greece 1
Jun 8, 2012, 2:11 PM EST
Man of the match: It was a curious halftime substitution, Greece bringing on a forward for somebody who could play midfield (after going a man down). Fernando Santos obviously knew his team well, because veteran Dimitris Salpingidis was the right move. In the 51st minute, Salpigidis poached an equalizer, and midway though the second, he won a penalty kick and red card, evening the numbers.
NBC Sports: Poland held by Greece as two sent off
As it happened: Monday's action from Euro 2012's opening night
Packaged for takeaway:
- What a disappointing result for Poland. You come out, dominate the first half hour, and take a one goal lead into half time with a man advantage. Then not only do you fail to get full points, you're lucky to get one after a penalty kick isn't converted.
- Experience is largely overrated (and overused, but commentators). Tonight, it really seemed to matter. Poland seemed naive in the second half, never working to put the game away when they had control. Greece, on the other hand, overcame their disadvantage and, by full time, were clearly the better side.
- After the first half hour, it was clear Poland had three advantages, none of which they used in the second half:
- Greece couldn't handle the right side of Poland's attack. Robert Lewandowski would come back and play forward to Jakub Blaszczykowski and Lukasz Piszczek (all Borussia Dortmund players). The combination was almost never stopped and produced Poland's only goal (a first half header from Lewandowski from a Kuba cross). In the second half, Poland only threw Piszczek forward once.
- Poland was dominant on set pieces in the first, but in the second, they never pressured the Greece defense enough to earn more opportunities.
- And twice in the first half, Poland had jailbreak counter attack chances. Greece played too deep in the second to concede any counters.
ProSoccerTalk is doing its best to keep you up to date on what's going on in Poland and Ukraine. Check out the site's Euro 2012 page and look at the site's previews, predictions, and coverage of all the events defining UEFA's championship.
- d214tx - Jun 8, 2012 at 3:24 PM
Poland was a bit of a surprise as they can play some very good football. To early to tell but people were considering them the dark horses of the tournament
- greej1938l - Jun 9, 2012 at 11:24 AM
Crazy game!
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|Kingston Hotel 52-54 Thu Khoa Huan, District 1, Ho Chi Minh City (0.5 miles from War Remnants Museum)
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|Saigon Star Hotel 204 Nguyen Thi Minh Khai, District 3, Ho Chi Minh City (0.3 miles from War Remnants Museum)
Score from 11 reviews: GoodSaigon Star Hotel is in the business district of Ho Chi Minh City, close to major shopping centers and city landmarks. It offers affordable rooms with free Wi-Fi. More…
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|New Epoch Hotel 120 Cach Mang Thang Tam, District 3, Ho Chi Minh City (0.6 miles from War Remnants Museum)
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Resources and Publications
Resource and Publication
ITIF presents a rebuttal of the Economic Policy Institute's analysis of the STEM workforce.
3D printing is a new technology that raises old policy questions.
This fact sheet lists 53 documented economic benefits of IT, from jobs and output to competitiveness and...
A robust reauthorization of the America COMPETES Act can boost U.S. economic competitiveness and growth.
Policy decisions about IT in the vehicle should be driven by a broad government mandate to foster innovation...
The global agriculture system faces a rapidly growing challenge that must be met with resilience and...
Assesses the different Congressional proposals on internet tax and provides recommendations on the tax...
An EU-US FTA would signal to the world the seriousness with which both parties take true free trade.
The United States has failed to create a comprehensive energy policy that provides robust and consistent...
United States has made rapid progress in broadband deployment, performance and price.
Data innovation can support manufacturing competitiveness and growth.
Restrictive immigration policies are holding Silicon Valley back.
While there are positive signs works still needs to be done to improve U.S.-India relations.
A study assessing the online availability of movies and TV finds that most are available legally.
There are short-term costs to transitioning to a low-carbon economy that can't realistically be ignored.
The U.S. needs to enhance manufacturing innovation and education if it hopes to compete globally.
What should be the future course of U.S.-India relations?
The labs can and should be a regional economic engine.
The National Labs can be regional economic engines.
The U.S. economy is a constantly evolving, complex ecosystem.
Senior Analyst Matthew Stepp will present as part of the 2013 Villanova Environmental Law Journal Annual...
ITIF president Rob Atkinson presented the keynote address at the 2013 NACFAM conference.
ITIF Senior Analyst Daniel Castro will be presenting at the Bahrain International eGovernment Forum 2013.
ITIF president Rob Atkinson will deliver the keynote address at the STGlobal Conference.
The Policy Network in London will host a lunchtime debate on "Innovation Economics: Growth and Living...
"Innovation Economics" presentation at the Université Paris-Est.
ITIF president Rob Atkinson will present on the issues related to science and technology, as well as...
ITIF president Rob Atkinson will present at Leading Edge Forum.
The Politico Pro team presents an in-depth conversation with special guest Rob Atkinson, President,...
Presentation on adoption of IP practices and trade strategies in developed and developing nations at the CES-...
Testimony before the U.S. International Trade Commission making the case for the expansion of the ITA.
COPPA restricts the development of a robust Internet ecosystem for children and should not be strengthened.
Strong leadership in cloud computing is necessary to remain globally competitive, advance technology in the...
The FCC should not extend its authority to regulate the software installed on mobile devices.
The implications for the U.S. economy as a result of China's strategic decisions should be clear.
Testimony before House Energy and Commerce Committee on U.S. manufacturing.
House Subcommittee Testimony Avoiding the Spectrum Crunch: Growing the Wireless Economy through Innovation
Spectrum policy needs to realign spectrum into a smaller number of larger allocations for general-purpose...
ITIF comments on the NTIA multistakeholder process to develop consumer data privacy codes of conduct.
The tax code should reduce ineffective exemptions and incentives while expanding effective ones focused on...
Regulators should create policies that protect privacy while minimizing burdens on businesses.
Conventional economics provides an increasingly poor guide for economic policy and should be replaced by an evolutionary economics framework.
Rob Atkinson contributed the chapter "Public Policy, Innovation and New Technologies" to the textbook "Guide to U.S. Economic Policy."
Robert Atkinson contributed the chapter "Innovation in Cities and Innovation by Cities" for the book "Creating Competitiveness: Entrepreneurship and Innovation Polices for Growth."
In a chapter for the new book Practicing Sustainability, Rob Atkinson wrote about sustainability from an innovation economics perspective.
"Innovation Economics: The Race for Global Advantage." This new book delivers a critical wake-up call: a fierce global race for innovation advantage is under way and the United States is running the risk of losing.
Daniel Castro contributed a chapter titled "U.S. Federal Cybersecurity Policy" in the book "Cybersecurity: Public Sector Threats and Responses."
Rob Atkinson contributed a chapter titled chapter "Who's Who in Internet Politics" for the book "The Next Digital Decade: Essays on the Future of the Internet."


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Christopher F. Davis • Yesterday, 8:35 AM• 12 Comments
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Update: American Capital Mortgage Does Not Cut Its DividendChristopher F. Davis • Yesterday, 8:35 AM • 12 Comments
- American Capital Mortgage Investment Corp. has just announced its latest quarterly dividend.
- Although I liked the stock, I had serious concerns regarding the sustainability of its dividend.
- The present news is bullish and has eased my concerns with the dividend for now, and I continue to rate the stock a buy.
American Capital Mortgage's Portfolio: Too Risky, Too Safe Or Just Right?Christopher F. Davis • Wed, Nov. 26 • 4 Comments
- This is a follow-up to MTGE's key metric analysis.
- What is the portfolio strategy?
- What is the mix of holdings and hedges?
- Is it playing safe or too risky?
Is American Capital Mortgage Among The Best Of The Best?Christopher F. Davis • Fri, Nov. 21 • 9 Comments
- American Capital Mortgage has been one of the most reliable of the mREITs in the last few years, but is it more stable than the largest companies in the sector?
- I review the key metrics strengths and weaknesses.
- What is going on with the share price versus book value?
- Is it among the best of the best?
Assessing American Capital Mortgage Investment Corp.'s Results For Q3 2014Scott Kennedy • Fri, Oct. 31 • 12 Comments
- On 10/29/2014, MTGE reported results for the third quarter of 2014.
- MTGE reported net income (loss) of $0.14 per common share and a BV of $22.24 per common share as of 9/30/2014.
- In this article, I will provide my thoughts about MTGE's MBS portfolio and hedging coverage ratio as of 9/30/2014.
- I will also provide my thoughts in regards to MTGE's MSR, RCS.
- Along with my current buy, sell, or hold recommendation, the "Conclusions Drawn" section of the article will discuss how the results impact MTGE's dividend.
Update: American Capital Mortgage - A 13% Yielder Trading At A Double-Digit Discount To Book ValueAlbert Alfonso • Fri, Oct. 31 • 5 Comments
- MTGE sees a 2.2%% Q/Q decline in its book value to $22.24.
- Net spread and dollar roll income came in at $0.68 per share, above the $0.65 per share dividend.
- I remain long MTGE stock, due to its large yield and discount to book value.
13.1% Dividend American Capital Mortgage Is Attractive In This Tough Market EnvironmentDavid White • Mon, Oct. 27 • 8 Comments
- MTGE is managed by a company that is a subsidiary of ACAS, the parent of AGNC's manager.
- MTGE had a total economic return of almost 12% in 1H 2014. The return will likely be less in 2H; but that may still mean a roughly 20% total return.
- Fed President Bullard commented recently that the Fed should consider putting off the end of QE3 for a while.
- The above, weakness in EU economies, recessions in Russia and Brazil, etc., should mean interest rates should fall, be flat, or rise only slowly.
Why American Capital Mortgage Is A Fairly Good InvestmentOptions Calling • Wed, Sep. 24 • 3 Comments
- American Capital Mortgage is a quintessential hybrid mortgage REIT that lets investors have the best of the worlds since both credit and interest rate risks are taken care of.
- The company finished the second quarter with a Net Book Value per Common Share of $22.73, a growth of 4.4% compared to the first quarter of 2014.
- American Capital Mortgage has managed to bring down its leverage from 7.3x during the first quarter of 2013 to just 5.6x ''at risk'' leverage by the end of the second.
American Capital Mortgage Update: A Deep Value mREIT With A 13% YieldAlbert Alfonso • Thu, Jul. 31 • 19 Comments
- MTGE sees a 4.4% Q/Q increase in its book value to $22.73.
- Net spread plus dollar roll income was $0.72 per share, easily covering the current $0.65 per share dividend.
- At current prices, MTGE yields 13% and trades at a similar 13% discount to its book value.
- For these reasons I remain long MTGE stock.
American Capital Mortgage: 8.125% Has ValueRubicon Associates • Fri, May. 16 • 18 Comments
- American Capital Mortgage has joined the ranks of mREITs with preferred stock in their capital structure.
- The mREIT has issued an 8.125% cumulative perpetual preferred.
- At 8.125%, the preferred represents decent value versus the peer group.
Are These mREITs Worth Your Time... And Money?Cash King • Fri, Nov. 14 • 10 Comments
Tue, Dec. 9, 12:57 PM
- Unable to catch a bid for a few sessions, mortgage REITs (REM +1%) have turned higher in afternoon action, led by Annaly (NLY +0.7%) and American Capital Agency (AGNC +1.5%).
- Helping are jitters in the stock market (though U.S. averages are well off the lows), and a 10-year Treasury yield that's retreated all the way to 2.21% after hitting the mid-2.30s on the back of Friday's strong jobs number.
- Armour (ARR +1.1%), Two Harbors (TWO +0.9%), CYS Investments (CYS +1.4%), Invesco (IVR +1.8%), American Capital Mortgage (MTGE +1%), Hatteras Financial (HTS +2%), Capstead (CMO +2%).
- Other ETFs: MORT, MORL
- Also showing some green are the recently beaten-up BDCs, including Prospect Capital (PSEC +0.2%), Fifth Street Finance (FSC +0.2%), Ares Capital (ARCC +0.5%), FS Investment (FSIC), Triangle Capital (TCAP +1.7%).
- ETFs: BDCL, BDCS, BIZD
- Previously: Money flows back into fixed income (Dec. 9, 2014)
Mon, Oct. 13, 4:19 PM
- Both equity and mortgage REITs saw plenty of buying as nearly all of the rest of the market was lit up bright red, and Treasury ETFs signaled a sharp drop in yields when government bonds reopen for trade tomorrow (closed this session for Columbus Day).
- A sampling of equity names: Senior Housing Properties (SNH +1.2%), Medical Properties Trust (MPW +1.4%), Gramercy Property Trust (GPT +1.7%), Equity Residential (EQR +0.7%), Inland Real Estate (IRC +0.9%), Sovran Self Storage (SSS +1.1%), Highwoods Properties Trust (HIW +1%).
- One equity REIT sector in the red along with the rest of the market is lodging amid worsening Ebola fears: Ashford Hospitality Trust (AHT -2.9%), Sunshine Hotel Investors (SHO -1.4%), LaSalle Hotel Properties (LHO -1.5%), Summit Hotel Properties (INN -1.5%).
- Mortgage REITs: American Capital Agency (AGNC +1.4%), CYS Investments (CYS +2.2%), Invesco (IVR +1.1%), American Capital Mortgage (MTGE +1.5%), Western Asset (WMC +1.1%).
- ETFs: IYR, VNQ, REM, MORL, MORT, DRN, URE, REZ, SRS, RWR, SCHH, ICF, ROOF, DRV, KBWY, RTL, REK, FRI, FTY, PSR, IFNA, FNIO, WREI
Fri, Sep. 19, 3:32 PM
- Leading the mREIT sector (REM +0.2%) higher this session are American Capital Agency (AGNC +1.9%) and American Capital Mortgage (MTGE +1%) after the two maintained their $0.65 per share quarterly payout last night. Neither move should have been a surprise as both comfortably out-earned their dividend last quarter.
- Also maintaining its payout ($0.30 per shares) after the bell yesterday was Annaly Capital (NLY +0.8%).
- The sector is also getting a break from rising rates with the 10-year Treasury yield lower by four basis points to 2.58%
- ETFs: MORT, MORL
Thu, Jul. 3, 9:56 AM
- A few days ago, the 10-year Treasury yield stood at about 2.50%, but it's been on the rise all week and shot up to near 2.7% this morning following the strong jobs print and drop in unemployment to 6.1%. Checking the short end of the curve, Eurodollar futures are selling off as well, and now have baked in more than one rate hike between now and one year from now, and 75 basis points of hikes by the end of 2015.
- Previously: Treasury yields jump, gold slumps after strong jobs print
- Off 1.1% today, Annaly Capital (NLY) is down nearly 5% since this time last week, with a similar move having taken place in American Capital Agency (AGNC -1.2%).
- Chimera (CIM -1.4%), CYS Investments (CYS -1%), Invesco Mortgage (IVR -1.8%), American Capital Mortgage (MTGE -1.6%), New York Mortgage Trust (NYMT -1.2%), AG Mortgage (MITT -1.8%), Ellington Residential (EARN -0.7%), Dynex (DX -0.8%), MFA Financial (MFA -0.9%).
- ETFs: REM, MORT, MORL
Thu, Jun. 26, 3:54 PM
- Enjoying the decline in interest rates even among some hawkish stomping of feet by St. Louis Fed boss Jim Bullard, the mortgage REIT sector (REM +0.9%) is broadly higher. Sector giants: Annaly Capital (NLY +0.6%) and American Capital Agency (AGNC +1.1%).
- Others: Two Harbors (TWO +1.9%), Chimera (CIM +1.8%), American Capital Mortgage (MTGE +1%), Cherry Hill Mortgage (CHMI +1.4%), New York Mortgage Trust (NYMT +1.1%).
- Other ETFs: MORT, MORL
Tue, Jun. 17, 4:18 PM
- Annualized, the $0.65 payout makes for a yield of 12.8% based on today's $20.33 close. The dividend is payable on July 28 to owners of record as of June 30. The ex-dividend date is June 26.
- Source: Press Release
- MTGE flat after-hours in light trade.
Thu, Apr. 10, 11:49 AM
- Lit up bright green as the market's momentum names again break down and lead the averages - and Treasury yields - lower are the mortgage REITs (REM +0.5%).
- The 10-year yield is off six basis points to 2.63% and Eurodollar futures in the last few sessions have rallied strongly, pricing out at least one rate hike between now and the end of 2016.
- CYS Investments (CYS +1.7%), Invesco Mortgage (IVR +1.3%), Hatteras Financial (HTS +1.3%), MFA Financial (MFA +1.4%), Two Harbors (TWO +0.8%), American Capital (AGNC +0.6%), (MTGE +0.5%).
- One day after making a number of additions to its management team - including a couple of hires from the New York Fed - Annaly (NLY +0.5%) is also posting gains.
- Related ETFs: MORT, MORL
Fri, Apr. 4, 3:15 PM
- What's working today? With the exception of Western Asset Mortgage which had a massive secondary offering, the mREIT sector is nearly universally higher as money rushes out of the previously perkier areas of the market.
- Not hurting is a seven basis point decline in the 10-year Treasury yield to 2.73%.
- Up the most are the two largest and also investor favorites Annaly (NLY +1.4%) and American Capital Agency (AGNC +1.3%). Others: CYS Investments (CYS +1%), American Capital Mortgage (MTGE +0.5%), MFA Financial (MFA +0.5%), Dynex (DX +0.9%), Armour (ARR +0.5%).
- Related ETFs: REM, MORT, MORL
Wed, Mar. 19, 3:13 PM
- A check of sectors following the FOMC statement and updated projections suggesting a quickened pace of rate hikes in the future finds the banks and life insurers notably moving higher. Both groups have struggled earning a spread amid ZIRP and are positively levered to higher rates.
- Lenders: Bank of America (BAC +1%), Citigroup (C +1%), JPMorgan (JPM), Regions (RF +1.7%), KeyCorp (KEY +0.9%), SunTrust (STI +0.7%).
- Life insurers: MetLife (MET +1%), Prudential (PRU +0.7%), Lincoln National (LNC +1%).
- Related ETFs: XLF, FAS, FAZ, UYG, VFH, IYF, KIE, SEF, IYG, IAK, FXO, PFI, KBWB, FNCL, FINU, RWW, RYF, PSCF, KBWP, KBWI, FINZ, KBE, KRE
- Not necessarily positively levered to higher rates are the mortgage REITs (REM -1.6%): Annaly (NLY -1.8%), American Capital (AGNC -1.7%), (MTGE -1.9%), Armour (ARR -1.3%), Two Harbors (TWO -2%) CYS Investments (CYS -3.3%), Capstead (CMO -1.3%), MFA (MFA -1.8%).
- Related ETFs: MORT, MORL
Fri, Feb. 7, 9:58 AM
- Given this year's bond market trends, Q4's loss in book value has likely been restored, says analyst Merill Ross, upgrading to a Buy with $21.50 price target. He also notes the company's investment in mortgage servicing as a move likely to optimize future earnings (see management's discussion in yesterday's earnings call).
- The stock market, says Ross, is pricing American Capital (MTGE +1.7%) as if MBS prices are likely to repeat this year what they did in 2013 (go down). "It is difficult for anyone with a shred of fiduciary responsibility to invest in an asset class that, by and large, destroyed value in such an epic fashion. However, when we look at MTGE and others in its peer group (REM +0.4%), value creation was positive; yet, share price action was strongly negative."
- Related ETFs: MORT, MORL
- Trading at $19.47 at the moment, the stock is selling at a 9.3% discount to Dec. 31 book value of $21.47 (and book value is likely north of $22 by now).
Tue, Feb. 4, 11:51 AM
- Addressing an analyst cadre somewhat uncomfortable with American Capital's (AGNC +1.6%) new policy of purchasing the common stock of its agency mREIT competitors (Wells' Joel Houck: Do you know their hedging strategies? What happens when one blows up?), CIO Gary Kain says the discounts to asset value are so great as to mitigate much of the risk.
- Kain does acknowledge some risks though, and reminds that the purchase program is but a small slice of AGNC's overall portfolio ($400M of others' stock bought so far vs. nearly $600M of AGNC buybacks just in Q4).
- For now, there won't be any disclosure of which names American Capital is buying - a position also not sitting well with those on the call. Should the positions get large enough though, regulatory filings might be required.
- Kain also reminds that AGNC isn't just boosting risk with these purchases - instead it's selling MBS at 100 cents on the dollar to buy them back (via other mREITs) at somewhere in the area of 80 cents on the dollar.
- Most of the mREIT sector (REM +0.7%) is ahead again today - Armour (ARR +0.9%), CYS (CYS +2.8%), Hatteras (HTS +1.6%), American Capital Mortgage (MTGE +0.6%), PennyMac (PMT +1.2%) - but Annaly (NLY -0.6%) lags, perhaps as investors feel it was far more conservatively positioned going into 2014 than AGNC was.
- Earnings call is still ongoing
- Previous coverage
Mon, Feb. 3, 10:42 AM
- The poor ISM number and resultant drop in interest rates provides more manna to the rebounding mREITs (REM), with Annaly (NLY +1.7%), Western Asset (WMC +1.9%), CYS (CYS +0.9%), Capstead (CMO +1%), and Ellington (EFC +0.8%), (EARN +0.2%) among those leading the sector this morning.
- Capstead was the first of the mREITs to report Q4 results, but American Capital (AGNC +0.9%), (MTGE -0.1%) reports on Wednesday, and investors will want to see if Gary Kain and team - so worried about higher rates - hedged away any gains to be made from their fast decline thus far this year.
- Related ETFs: MORT, MORL
Wed, Jan. 29, 3:15 PM
- For the most part, the mREIT sector (REM -0.2%) is getting little boost from another big swoosh down in interest rates - the 10-year Treasury yield off 7 basis points to 2.69%. Confused about how to play the dislocations caused by massive QE purchases of MBS, mREIT managements are likely similarly confused about how to play the taper (another $10B reduction today).
- Peeking into the green in afternoon action are Annaly (NLY +0.9%), Chimera (CIM +0.8%), and American Capital Agency (AGNC +0.2%), but Armour (ARR -0.7%), Invesco (IVR -1.2%), American Capital Mortgage (MTGE -1.2%), Hatteras (HTS -1.7%), and Western Asset (WMC -2.6%) are nicely lower.
- Capstead Mortgage is set to be the first of the mREIT to report Q4 results after the bell today.
- ETFs: MORT, MORL
Thu, Jan. 23, 2:23 PM
- One sector nearly fully in the green on a big down day for the broad averages is the mortgage REITs (REM +0.6%) as investors - worried about further declines in book value - take comfort from a big 10 basis point dip in the 10-year Treasury yield to 2.76% (off from 3% at the start of the year).
- Leading are CYS Investments (CYS +3.1%), Annaly (NLY +1.7%), American Capital (AGNC +1.4%), (MTGE +1.5%), Invesco (IVR +1.8%), Anworth (ANH +1.3%), and AG Mortgage Investment (MITT +0.7%). The sector elephants - Annaly and American Capital Agency - are head 6% and 8% YTD, respectively.
- With the big drop in yields at the long end, how long will it be before investors stop fretting about declines in book value and shift to concern over narrowing spreads!
- Related ETFs: MORT, MORL
Mon, Jan. 13, 3:08 PM
- What might pull the mREIT sector out of its brutal slump? A slide in the broad equity market for one. An out of nowhere 1%-plus dive in the major averages is being felt in the bond market, where the 10-year yield is off another 3 basis points to 2.83%, and mortgage REITs (REM +0.4%) - whose book values have been savaged by the big jump in interest rates since last spring - are responding.
- Annaly (NLY +1.2%), American Capital (AGNC +1.4%), (MTGE +1.1%), Two Harbors (TWO +1.4%), CYS (CYS +1.9%), Western Asset (WMC +1.5%), AG Mortgage (MITT +1.1%), and Ellington Residential (EARN +0.8%) are leading. This just in: Sector giants American Capital Agency and Annaly are ahead 6% and 4% YTD, respectively.
- The iShares 20+ Year Treasury Bond ETF (TLT +0.6%) is up 3.2% for the year.
Fri, Jan. 10, 11:18 AM
- It's a big dip in interest rates today (the 10-year yield off 8 bps to 2.88%), but buyers are doing little more than tiptoeing back into beaten-down mortgage REITs.
- Leading are Annaly (NLY +1.3%) and American Capital (AGNC +1.4%), (MTGE +1.1%), and Armour (ARR +0.7%), CYS Investments (CYS +1.2%), and Invesco (IVR +1.1%) are also posting decent gains. All are quietly up in the area of 5-10% off of their 52-week lows set late last year.
- Related ETFs: REM, MORT, MORL
MTGE vs. ETF Alternatives
Company Description
American Capital Mortgage Investment Corp. invests and manages a leveraged portfolio of agency mortgage-related investments, non-agency mortgage investments and other mortgage-related investments, which it refers to as its target assets.
Sector: Financial
Industry: REIT - Diversified
Country: United States
Other News & PR
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Item: 689371 Model: 680524
Post-it® 1" Flag in yellow color with pop-up dispenser is color-coded to help find exactly what is needed quickly. Flag measuring 1" x 1 3/4" sticks securely and can conveniently be removed/repositioned, sold as 50 per pack.
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Post-it® 1" Yellow Flags with Pop-Up Dispenser, 24/Pack
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These tabs are great for tabbing sections in our law firm notebooks when we go to court and do not have time to put in the 3-ring binder, full-page tab sheets. All it takes is a Sharpie to write on the color tab and it is dry, ready to use.
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Thousands of unemployed workers gathered along Broadway, in a single file line, stretching some three miles in a symbolic protest that is being billed as the world's largest unemployment line.
They're billing it as the world's largest unemployment line. This morning, just minutes ago as our program went to air, at 8:15 New York Time, thousands of unemployed workers gathered in the streets of New York in symbolic protest.
They gathered along Broadway, in single file line, stretching some three miles from Wall Street to 31st Street, just shy of Madison Square Garden, site of the Republican National Convention. Each participant held aloft a pink slip of paper, warning, quote, "the next pink slip might be yours."
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Hurricanes coach and captained unsatisfied
April 20, 2013
Alapati Leiua of the Hurricanes is tackled just short of the tryline © Getty Images
The sense of frustration running through the Hurricanes was palpable after their 22-16 victory over the Western Force.
While they out-scored the Australian side three tries to one, it was a far from convincing performance as the Hurricanes struggled to impose themselves on the game, particularly in the second half when getting into opposition territory proved difficult.
Mark Hammett's side were heavily penalised at the breakdown and were reduced to 14 men for the final eight minutes as referee Nick Briant's patience ran out and he sent replacement lock James Broadhurst to the sin bin.
"I'd need to have a real good look at it but at the breakdown they got their hands on the ball a heck of a lot and we were penalised out of the game," said Hammett.
"Whether they were correct or incorrect I'm not sure. But I know just looking very quickly there were three against us that were incorrect near the end.
"It felt a wee bit harsh but we'll have to go and have a look at the tape."
There was little to split the sides in the opening quarter with only a Beauden Barrett penalty to show for all the endeavour.
Tries to prop Jeff Toomaga-Allen and flanker Brad Shields lifted the Hurricanes to a 15-3 lead by half-time.
The Hurricanes proved too strong against a spirited Western Force in Wellington%]
A second Jayden Hayward penalty for the Force early in the second half reduced the deficit before Tusi Pisi - who had a mixed night at first five-eighths - finished off a well-worked team try to push the score out to 22-6.
From then on all the momentum was with the Force and Alby Mathewson exposed them again at the lineout to make a 20-metre dash to the line before another Hayward penalty earned the Force a bonus point for finishing within seven points.
Captain Conrad Smith felt the absence of key players played a part in the Hurricanes struggles.
Cory Jane (knee), Victor Vito (calf) and Dane Coles (eye socket) were all missing.
"They are just injuries and you deal with it but you just prefer it's not all the guys sitting at the back of the bus, which it seems to be at the moment," said the All Black centre.
"It's not an excuse. We'll keep fighting. Those guys will come back and while they are gone other guys just have to step up. That's what we're going to have to do."
For the second week in a row the Hurricanes also opted to kick for space rather than keep ball in hand - especially in their own 22 - and results were mixed with Pisi often putting his side under pressure rather than relieving it.
"We go into each game with a plan and we felt there was a bit of space we could exploit," explained Smith. "If the kicks were on the money, and some of the kicks were, then I think it's a great way - especially when you're receiving kick offs or in your own 22 - to relieve pressure.
"We've got to get the balance right and when we kick we've all got to be on the same page.
"There were a couple times when we weren't quite. The guys are trying hard, they really are. It's just going to take a bit of work."
© Sportal
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text:
Earlier this year I presented at BettaKultcha (an event I'm a big fan of) on spiders. As the video is up, if you really want to see me talking to a darkened room and a small but appreciative audience, now's your chance:
Tags » Invertebrates
Beneficial Insects in the Garden
Are you interested in making your garden more habitable to beneficial insects? Here is a list of invertebrates you might want in your garden, followed by a chart showing what plants are likely to attract them and what plants may repel pests. 9 more words
Deep sea snail named after British punk rocker
This music video from England is called The Clash - Live Manchester 1978. Songs: I'm so bored with the USA – London's Burning.
And this music video from Manchester, England is called The Clash – Capital Radio / Janie Jones / What's My Name / Garageland – October 1977. 351 more words
When ponds are fertile, mussels aren't
Freshwater mussels help to maintain water quality by filtering suspended particles and reducing concentrations of heavy metals, pesticides and other pollutants. Unfortunately, however, freshwater mussels are experiencing dramatic declines around the world. 302 more words
Stream animals hang on when surface water dries up
Under drought conditions, the survival of freshwater species depends on the availability of refuge habitats. The bottom substrate of a stream is a potential refuge, but little is known about its use by stream invertebrates after surface water has disappeared. 245 more words
Do stable habitats support longer food chains?
Food chain length (the height of the food web, or the number of trophic transfers from basal food resources to top predators) affects ecosystem productivity, trophic cascades and the bioaccumulation of toxins. 240 more words
Gum tree leaves spell danger in summer
In hot summer conditions, when many streams are reduced to a series of still, stagnant pools, oxygen levels drop and concentrations of toxic compounds, such as polyphenols and tannins leaching from fallen leaves, increase. 297 more words


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I have been a Bible believing Christian for over 35 years. I have spent time in church and out of church. I have spent years doubting my faith. And I have also spent years where I have experienced the true Spirit of God/Christ flowing through my life.
There are major differences within the churches and denominations as to whether or not they believe Scripture is the perfect word of God or not. Some Christians believe it is error-free and others believe it has some errors; but that the overall flow of the stories and documents reveal that God exists, that he is real, and that we have a spiritual significance while on earth and in the afterlife.
Christians are who they are because of their spiritual relationship with God and with Christ. True Christians have accepted the spirit of God/Christ within them. There is always a struggle between the divine nature and the human nature within all Christians. However, if you watch a true Christ-seeking Christian over time, you will see that -- over the years and over time -- they become more and more Christlike. It is a life-long spiritual process. And, if I may say so -- it is WORTH IT!
Believing that the Bible is error-free is not a requirement to be a Christian. It may be a requirement to be a member of a certain denomination.
So this is what I am trying to say: If you want to know what Christianity means -- then start your own search. Seek Christ yourself.
A good place to start is with the question....
"Who is Jesus Christ and what did he teach?"
Start with that question - because that is the question that is most central to Christianity.
Start reading the books of the Bible that tell about the life and teachings of Christ. Read the books of Matthew and Mark to start. Write down your thoughts and questions. Keep a journal of those thoughts and questions as you read. See what happens. Start with Christ and get to know the spirit of Christ (the Holy Spirit); and the Holy Spirit will lead you into all truth. Seek and you will find.
It's amazing what lengths people will go to in order to cling to their irrational beliefs.
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It's amazing this day in age we still thoughtlessly judge others because we are so insecure about our selves.
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Metalucifer "Heavy Metal Bulldozer" 3/4 Sleeve Out Now
Available in sizes S, M, L and XL.
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Peshawar Blues
December 19, 2014 § Leave a comment
I wrote this feature in summer 2012 for the "Pakistan?" special issue of Critical Muslim.
On the Kuwait Airways flight from London to Islamabad, the unusually boorish flight crew handed us disembarkation cards that the government of Pakistan requires all international arrivals to fill. Besides our passport numbers, addresses and reasons for visiting, the form also asked if we had been to Africa or Latin America in the past week. The purpose of this question was unclear except perhaps as a means to boost national self-esteem by implying that Pakistan is healthier than those two continents. With the only pen in my row, I helped five other passengers fill their forms.
At Islamabad's decrepit Benazir Bhutto International Airport, I was pleasantly surprised to find the immigration staff making no undue effort to inconvenience new arrivals. Former president Pervez Musharraf's successful effort at gender-balancing has markedly improved the behaviour of male airport staff. After sailing through immigration and customs, I became conscious of the disembarkation card still in my hand. Not inclined to take chances, I asked an officer where to deposit it. He hadn't a clue – nor did anyone else. Finally, a customs official took the card from my hand and threw it into a waste basket. I wasn't asked for it again.
What is still known internationally as the Islamabad Airport is actually based in the city of Rawalpindi. As the historic Grand Trunk Road passes through its crowded precincts, its name changes twice—to Peshawar Road and The Mall. We drove North-West on the Peshawar Road, past the General Head Quarters (GHQ) of the Pakistan Army which in 1895 had served as the launching pad for the Malakand Field Force, the British colonial army's counter-insurgency campaign against the recalcitrant frontier. The sanguine details of this campaign were preserved in vivid detail by a young Winston Churchill who was also serving as a correspondent for Times. More recently, on 10 October 2009, the GHQ was the site of a bloody raid by a group of 10 militants who breached its defences and triggered a hostage crisis which ended with 9 soldiers, 2 civilians, and 9 of the assailants dead.
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December 15, 2014 § Leave a comment
Pulse co-editor Robin Yassin-Kassab speaks at the BBC Arabic Documentary Film Festival:
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December 13, 2014 § Leave a comment
You thought capitalism was permanent? Think again. Leading Marxist thinker Professor David Harvey unravels the contradictions at the heart of capitalism — its drive, for example, to accumulate capital beyond the means of investing it.
Melvyn Bragg's Radical Lives
December 9, 2014 § Leave a comment
Melvyn Bragg examines the lives, work and legacy of two men whose ideas have had tremendous consequences both in their own time and down the centuries: John Ball and Thomas Paine.
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Rights of Man: Thomas Paine
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November 25, 2014 § Leave a comment
On this episode, UC Berkeley's Harry Kreisler talks with Perry Anderson Professor of History and Sociology at UCLA about his intellectual journey and the status of the left.
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November 25, 2014 § Leave a comment
Eliot Higgins (aka Brown Moses), founder of Bellingcat, at Google Ideas, Google for Media, and the OCCRP's Investigathon in New York, talking about open source investigation into the Buk missile launcher linked to the downing of MH17, showing how he was able to trace it to Russia.
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November 25, 2014 § Leave a comment
Timothy Snyder explains the crisis in Ukraine.
Since February, the world's eyes have been on Ukraine as Ukrainians rebelled against rising authoritarianism in their own country and were met in return with a Russian invasion of Ukraine's southern and eastern provinces. Yale University's Timothy Snyder is the world's leading historian of Eastern Europe. His series of articles in the New York Review of Books has been hailed as the definitive analysis of this crisis. Join him as he clarifies the stakes.


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A collection of news and information related to Major League Baseball published by this site and its partners.
Top Major League Baseball Articles
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Orioles still interested in Padres' Seth Smith and Will Venable, sources say
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Five best performances of 2014
Year in Review Part 1: Locals amassed many titles, honors
Minnesota Twins - PlayerWatchStory | Dec 24, 2014 | 10:02 AMRHP Tim Stauffer, a 32-year-old veteran with experience as a starter and reliever, signed a one-year, $2.2 million deal with the Twins on Dec. 23. He was the long man in the San Diego bullpen the past two seasons, but he will receive a chance to make...
Coppin State men lose at Eastern Michigan, 87-64
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Lavarnway joins Orioles, his 4th team in DecemberStory | Dec 23, 2014 | 9:44 PMThe Sports Xchange Lavarnway joins Orioles, his 4th team in December Ryan Lavarnway knows better than to unpack his belongings this month. The 27-year-old catcher joined his fourth team in less than three weeks when he was claimed off waivers by the...
Mets' Mazzilli, Former UConn Baseball Star, Suspended For Positive Drug Test
Regional Digest: Former Husky L.J. Mazzilli Suspended From Minor League ClubStory | Dec 23, 2014 | 6:48 PML.J. Mazzilli Suspended L.J. Mazzilli, a minor league second baseman in the New York Mets' organization, was suspended 50 games on Tuesday for a second positive test for a drug of abuse. The son of former major leaguer Lee Mazzilli batted .301 with 11...


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Thursday, 06 Mar 2008 11:16 AM
By Newsmax Staff
Former Vice President and global warming crusader Al Gore stands to make close to $50 million when the TV channel he co-founded goes public with an Initial Public Offering.
Current TV, which debuted in August 2005, has been billed as "television for the Internet generation" of tech-savvy 18-to-34-year-olds, and allows viewers to contribute much of its content.
But it currently is available in only about 19 million U.S. homes, and has lost $31.5 million over the last three years, Ron Grover discloses in BusinessWeek.
Current Media, Current TV's parent company, hopes to raise $100 million in a public offering it filed on Jan. 28. Some of the money raised will go to lenders, who include a few major Democratic Party fundraisers.
"Something about this deal just doesn't sit right with me," Grover observes.
He notes that Gore and co-founder Joel Hyatt not only will take "piles of cash," but they also collect "hefty salaries for a company that hasn't shown a profit in three years — taking down $491,677 apiece last year in cash."
Gore and Hyatt also collected $550,000 bonuses for, in Gore's case, helping get the company new affiliate agreements and putting together a management team. The two currently receive $600,000 a year in salary and can collect additional bonuses.
"What really sticks out to me," Grover writes, is that Gore and Hyatt, "who jumpstarted the company with a broken-down Newsworld International channel they bought for $70.9 million, will have the kind of hammer-lock control over the company decried by shareholder rights activists and many of the same unions that supported Gore for years."
Gore and Hyatt will control all of the company's B shares, which give them 10 votes for every vote of a common shareholder with a Class A share, according to the filing.
The company hasn't yet set a price per share for its IPO, but Grover cites one estimate of between $13 and $15 per share, making Gore's 3.7 million shares worth more than $48 million.
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News on Brookfield Properties (Ticker: BPO) continually updated from thousands of sources around the net.
Coors relocating headquarters to 1801 California in downtown Denver
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Valve marketing manager Doug Lombardi has questioned Microsoft's new commitment to PC gaming during a recent interview with GamesIndustry.biz. "Right now it seems like [Games for Windows is] part of the marketing push to help Vista," criticized Lombardi, adding, "To really back a platform is a sustained effort over years and years, so we'll see if in two years Microsoft is still spending money to put Games for Windows sections in retail, and having PR people preach that message that the PC isn't dying".
But this isn't a desperate call for loyalty. Lombardi appears confident that the PC gaming industry will continue to flourish with or without Games for Windows. "If you took World of Warcraft, Steam, PopCap and added it to the PC pool, all these huge revenues -- just WoW by itself, right? If you took WoW's 2006 revenues and the 360's revenues and compared them, even then you would say I don't think the PC's really dead."
Lombardi's remarks are a reminder to Microsoft that PC gaming has apparently thrived without a "team" name. While not quite threatening, there's an aggressive overtone in Lombardi's words; a "check yo'self" sorta vibe. Valve's marketing manager is certainly not alone in his skepticism of Microsoft's motives. There's no denying that Games for Windows is being used to promote the launch of Vista -- but will the commitment last beyond the initial push? The answer to that seems obvious: As long as the money is good.
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Adjustable velcro waist trimmer generates and retains therapeutic heat for lower back muscles- Plus tightens and strengthens stomach muscles- Suited for any aerobic exercise or weight reduction program- Helps tone and support abdomen, stomach and back muscles- Comes in header card box with UPC code- Dimensions:- Length: 17- Height: 17- Width: 17 SKU: KOLIM15252
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Statement From Assembly Minority Leader Brian M. Kolb (R,I,C-Canandaigua)
May 3, 2009
"The passing of Congressman Jack Kemp is a tragic loss for his family, our state and the entire nation. From the courageous leadership he regularly displayed on the gridiron, to the bold vision he possessed as a Member of Congress, Jack Kemp was a 'New York original' in every sense of the word. He was a great statesman who had a genuine compassion for the less fortunate. Jack Kemp understood that public policies fostering job creation, a stronger economy and real tax relief were about more than just dollars and cents – they were about empowering people so they could realize their dreams and achieve a better quality of life. Jack Kemp had a passionate, committed work ethic that any Buffalo Bills fan would be proud of. Our Assembly Minority Conference offers its condolences and prayers to his immediate family, his extended Western New York family, the great State of New York and a grateful nation."
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