text:
« Memphis Car Jacked By Big Brother | Home | America's Got Talent Fan Favorites Videos »
Highway 18 Episode Eight Recap: Cendoya and Duncombe Eliminated
September 19, 2008 01:00 PM by Paulene Hinds
With three of the four remaining teams on the verge of elimination, Jameica Duncombe had difficulty at the par-3 challenge at Trump International Golf Club on Tuesday's Highway 18. Jameica Duncombe and partner Raul Cendoya crossed the finish line in last place, becoming the second team eliminated from the series.
Tuesday's episode began on the shores of Lake Okeechobee, where teams participated in a chipping challenge and then raced in airboats to their vehicles before advancing to Donald Trump's ultra-exclusive Mar-a-Lago Club for the Road Challenge.
At Mar-a-Lago, teams played "Croquet Golf," with departure times adjusted based on the length of time it took each team to finish the challenge.
Davis and Korzack, arriving at Mar-a-Lago Club in last place, made up time at the Road and Clubhouse Challenges and crossed the finish line first, giving the Torontoteam a boost of confidence.
Jay and Peach Reynolds led the first two challenges of the episode. Their lead quicklydisappeared when they got lost going to Trump International, arriving for the final challenge in third place. They made up time on the course, finishing in second just behind Davis and Korzack.
Rob and Charlotte Campbell, theonly team without a strike in the series, again had luck on their side. The brother-sister team arrived to the final challenge at Trump International in last place. After struggling on the course, theythought they were in for their first strike. However, they saw Cendoya and Duncombe behind them when they arrived at the clubhouse. After they crossed the finish and avoided their first strike, Charlotte Campbell broke down with emotion.
Cendoya and Duncombe arrived to the final challenge of the episode at Trump International in first place. The challenge required each team to play one of four holes with the same yardage – 190 yards for the men, 167 yards for the women – in a combined score of par-or-better before racing to the finish line. Cendoya and Duncombe selected to play the 18th hole, closest to the clubhouse.
While Cendoya made par on his first attempt, Duncombe struggled. She found the water hazard in her first two attempts and missed a six-foot par putt on her third try. She made a birdie on her fourth attempt, but it was too little, too late.
Highway 18 is a double-elimination series, with teams finishing last in two episodes going home. Heading into next week's episode, three teams remain: Jay and Peach Reynolds and Ashleigh Korzack and Ashley Davis eachwith one strike, while Rob and Charlotte Campbell remain the only team with no strikes.
For complete show information, including episode recaps and behind-the-scenes blogs,CLICK HERE.
Watch the show next Tuesday, September 23, at 9 PM ET on The Golf Channel!
Stay tuned to Reality TV Magazine for all your Highway 18news. Come chat about the show on our new message boards. For more great reality television news visit SirLinksAlot: Reality TV.
Photo credit: The Golf Channel
Information Courtesy: Jeremy Friedman, The Golf Channel
Topics: Highway 18 |
« Memphis Car Jacked By Big Brother | Home | America's Got Talent Fan Favorites Videos »


text:
A Q&A With Brian Presley (ex-Jack, PC)By Posted: Oct 10, 2003
Soap Opera Digest: What do you miss the most about PORT CHARLES?
Brian Presley: The closeness and familial environment. We truly had such a family here with the cast and crew. It was a great experience, and I'm so thankful I was a part of it for as long a time as I was. I made some really great friends.
Digest Are you still in disbelief that it's over?
Presley: You know, we haven't been working since before the summer, so we've had time to adjust. The cancellation has sunken in, too, but I think we're all still upset about it. It's good and bad. I'm going to miss going to the fan events and seeing everybody — that's sad. PORT CHARLES was a great chapter in our lives ... but now it's time for the next chapter. It's time to move on. This happens to everybody, no matter what career you're in — there are beginnings and endings.Digest SOAPnet aired a special, ONE LAST BITE, on Saturday, October 4. Can you talk a little about that?
Presley: Basically, it's a way for us to say good-bye to the fans and show them how much the show meant to us by picking some of our favorite episodes and just talking about our memories. I think it's a nice closure, and at least someone is doing that.Digest You've been busy co-writing, producing and starring in the film Guarding Eddie. What was it like to make a movie?
Presley: It was awesome. It was such a cool experience. I produced it and played the lead role. I ended up getting Kiko [Ellsworth, PC's Jamal], so he and I were co-stars. What I've seen of it has been great.Digest What's the premise?
Presley: It's based on a true story that is just so compelling. It's about this young guy Eddie, whom I play, who is mentally challenged. He is put on a bus, sent to Los Angeles and dropped off in the middle of downtown. He doesn't know where to go, so he makes his way to a homeless mission. Kiko's character, Mike, is an L.A. Clippers basketball player who befriends him.Digest How did Kiko land the role of Mike?
Presley: We actually auditioned other people for Kiko's role. We saw people from really popular television shows, but all the while, I was thinking that Kiko would be perfect. And we have three years of chemistry together. We knew the actor had to be really good at basketball, which Kiko is, and he had to act. It's a hard thing to find, but Kiko was amazing; he really pulled it off.Digest Now that the movie's done, what's next?
Presley: I'm still finishing post-production. Right now, we're starting the whole full-court press with trying to get it accepted into the Sundance Film Festival. If it gets accepted, then great. If not, we'll look for other venues, such as studios or television. We've already had some distributors look at it. I think it will come out next spring. I'm already planning our next movie for May. I'm starting to take meetings.Digest Is filmmaking where you'd like to see your career heading?
Presley: Yeah, I think I want to move more in that direction. It's tough, but I loved producing.Digest Will acting in daytime remain an option?
Presley: I'm weighing all the opportunities. I'm not closing any doors, but ultimately, I'd love to stick in the film arena.

subset: commoncrawl


text:
At the halfway point last season, the Pittsburgh Pirates, New York Mets and Cleveland Indians all had winning records and were vying for the title of most surprising team. But all three endured disappointing second halves and finished with losing records.
Well, here they go again.
Those three clubs again will reach the All-Star break with winning records and are asking themselves the same question: What will it take to finish above .500? A look at the key for each team, ranked by the likelihood of each finishing with a winning record:
Current record: 46-37
Last season at the break: 47-43
2011 finish: 70-92
Road to success: Their bullpen leads the majors with a 2.68 ERA, and their rotation has gotten big first halves from James McDonald and A.J. Burnett. But what has propelled the Pirates into first place is a surprising power surge. After hitting 38 homers in their first 50 games, they have hit 47 in their past 33 and lead the NL in long balls since June.
Sustaining success: Pittsburgh is unlikely to suffer a second-half meltdown similar to last season's if for no other reason than it would be tough to play that poorly again. After going 18-38 last August/September, the Pirates have something to prove. The experience of having been through such a difficult stretch should help, too. Having better players doesn't hurt, either, and Pittsburgh has been much improved this season behind the plate and at third base.
With the addition of an impact bat—Carlos Quentin would look good in left field—the Pirates would contend the rest of the way. Even if they stand pat, they have enough talent to end their record 19-year run of losing seasons.
Current record: 43-40
Last season at the break: 47-42
2011 finish: 80-82
Road to success: Neither its offense nor pitching has wowed, but this team has "a bunch of grinders," as All-Star closer Chris Perez says. We're not quite sure exactly what that means, but a 12-4 record in one-run games shows the Indians have learned to win close games. Either that, or they've had more than their share of luck so far.
Sustaining success: Aside from Perez, no one on this club has put up exceptional numbers. That either means someone is due to get hot or that Cleveland's minus-25 run differential figures to catch up to it. Heading the list of step-up candidates are righthander Ubaldo Jimenez, who has a 2.93 ERA since June 1, and catcher Carlos Santana, who has only five homers after hitting 27 last season. Santana might need nothing more than improved health after dealing with back and rib-cage soreness as well as a concussion in the first half.
The Indians pulled off a big trade last July when they acquired Jimenez, but that move has yet to pay off. They are unlikely to give up as much in prospects to make another blockbuster deal this month.
Current record: 45-39
Last season at the break: 46-45
2011 finish: 77-85
Road to success: Knuckleballer R.A. Dickey has been baseball's best starter, third baseman David Wright again is playing like an MVP candidate, lefthander Johan Santana has enjoyed a nice comeback and manager Terry Collins continues to will his team to more wins than anyone could have expected.
Sustaining success: Because Dickey isn't likely to duplicate his 12-1 first half and because Santana could wear down as his innings mount, the bullpen will have to carry a heavier load in the second half. Good luck with that. The Mets are the majors' only team with a bullpen ERA over 5.00, and the 'pen's 17 losses are the second-most in the majors.
General manager Sandy Alderson is pursuing help on the trade front, though he is unlikely to deal much, if any, of the team's future. How about a return of former closer Francisco Rodriguez? He hasn't been anything special in a setup role for the Milwaukee Brewers this season, but that should lower the asking price. The righthanded veteran actually is throwing harder this season than last, and he certainly knows what it's like to pitch in New York.


text:
Brett Favre may be the only grandfather in the NFL, but the distinction of oldest player in the league belongs to John Carney, a kicker for the New Orleans Saints, who will turn 46 years old on April 20.
There are, however, other NFLers keeping Carney company in the over-40 club. As of the 2009 season, there are seven players (including Carney) over the age of 40.
For these players, age really is just a number:
- Jeff Feagles: A punter for the New York Giants, Feagles is currently 44 years old. Feagles was an unrestricted free agent after the 2009 season, but was recently re-signed to the Giants. The 22-year NFL veteran has never missed a game in his career, holding a streak of 352 consecutive games played, according to NFL.com.
- Matt Stover: A kicker for the Indianapolis Colts, Stover is currently 42 years old. Stover was signed by the Colts in October 2009 as a replacement for the injured Adam Vinatieri. He is currently a free agent.
- Junior Seau: A linebacker for the New England Patriots, Seau is currently 41 years old. This defensive star came close to winning a Super Bowl Championship in 2007 before the Patriots were upset by the New York Giants. Seau is a nine-time All-Pro and 12-time Pro Bowl selection.
- Matt Turk: A punter for the Houston Texans, Turk is currently 41 years old. This three-time Pro Bowl selection has played for the Los Angeles Rams, Washington Redskins, Miami Dolphins, New York Jets and St. Louis Rams.
- Brett Favre: A quarterback for the Minnesota Vikings, Favre is 40 years old. This proud grandfather has yet to announce whether he will return to the Vikings for a 20th season in the NFL. This star quarterback holds many NFL records, including: most career touchdown passes, most career passing yards and most career victories as a starting quarterback.
- John Kasay: A kicker for the Carolina Panthers, Kasay is 40 years old. The Panthers placekicker hit his 400th field goal in a game against the Tampa Bay Buccaneers on Dec. 6, 2009. Kasay is only the seventh player in NFL history to achieve that honor.
The oldest player to have ever played in the NFL is still George Blanda, who was 48 years old when he retired. This 82-year-old hall-of-famer played for the Chicago Bears, Baltimore Colts, Houston Oilers and Oakland Raiders.
These players are further proof that sometimes in the world of sports, you only need to be young at heart.


text:
- Home /
- Woodworking Jigs /
- Router Jigs /
- Box Joint Cauls 12-Pc. Set
Uniformly spaced pressure points clamp individual box joint fingers at the corners to give you the tightest joints possible. Simply align the pressure points with box jointfingers and tighten in place with one or more Deluxe Ratcheting Band Clamps (41419, sold separately).Slots on the outside of the cauls are made to hold pennies firmly in place to supportyour Band Clamps at varying heights. Plastic cauls stand 6-1/4" (1/4" Cauls), 6-3/8"(3/8" Cauls) and 6-1/2" (1/2" Cauls) tall. Four Cauls per pack. Patent pending.
Technical Details
- Brand: Rockler
- Manufacturer Part Number: 42784
- Weight (lbs): 1.8000
- Type: Box Joint
Frequently Bought Together
Starting at: From $10.99
Box Joint Cauls
Rockler Deluxe Band Clamp
Rockler Router Table Box Joint Jig
Starting at: From $14.99
Onsrud Up-Cut Spiral Mortising Router Bits - 1/4" Shank
Starting at: From $3.49
1-1/4'' Fixed Louver Shutter Jig and Hardware
Questions and Answers
More Suggestions
Jasper Model #300 Circle Cutting Attachment
Router Bit Set-Up Jigs for 22637 Drawer Lock Corner Bit
Router Bit Set-Up Jigs for 92112 and 92123 Drawer Lock Bits
Router Bit Set-Up Jigs for 22627 45° Lock Miter Bits
Jasper Model 400 Circle Jig
Trend® Mortise & Tenon Jig
Fence, Stop Block & Right angle Fixture
Incra® HingeCrafter
You have no obligation to purchase the product once you know the price. You can simply remove the item from your cart.
You have no obligation to purchase the product once you know the price. You can simply remove the item from your cart.


text:
I have been wondering whether using exits multiple times or by using Nested IFs is the preferred way.
Well.. I know that nowadays developers throw Exit Sub/Function out the window and just the return keyword .
What does it impacts , performance ? Memory ?
Greatly Appreciated if some Opinions and Suggestions are given.
This post has been edited by AdamSpeight2008: 05 January 2012 - 10:00 AM


text:
Creating Waves of Awareness
Like antibiotics, steroids are one of the most abused class of drugs in the orthodox medical field .
At one time, they were reserved for the extreme emergency cases. Today, they are being used on the most trivial of conditions. Why? They give the…Continue
Added by DR. Sushil Bahl on April 8, 2011 at 3:00am — 1 Comment
© 2016 Created by Debby Bruck. Powered by


text:
There are definite signs that the California economy is turning a corner. Recently revised employment data indicate that the state's performance is picking up. Despite a slight loss in February, California has created 21,000 nonfarm jobs since November 2001.
A surge in residential building added 8,500 new construction jobs in February, allowing construction to replace the public sector as the leading job-creating industry. Strong consumer spending, which has been sustaining the national economy, led to the third consecutive month of expanding retail trade employment. Together, wholesale and retail trade employment added 5,900 jobs in February. Government employment expanded by 5,800 jobs, mostly in education. The state's service industries—primarily business services—continued their volatile performance by cutting 17,600 jobs in February after adding jobs in both December and January.
The industries most dramatically affected by the events of September 11—air travel, hospitality, and amusement—appear to be on the road to recovery. After losing jobs from September through December of 2001, both lodging and amusement and recreation industries expanded in January and February. Amusement and recreation industries have recovered all but 600 jobs lost since August 2001. The rate of job loss in the air transportation industry—the hardest hit sector—has slowed dramatically since November 2001.
On a year-over-year basis, total nonfarm employment in California fell by 51,200. Manufacturing lost 125,000 jobs, principally in high technology electronics. Services lost nearly 25,000 jobs, led by losses in business services and motion pictures. Transportation and public utilities lost over 24,500 jobs. Government added 82,600 jobs. Wholesale and retail trade followed with 15,500 jobs. The finance sector added 15,300 jobs, nearly all in banking and real estate.
California's unemployment rate dropped three-tenths of a percentage point in February to 6.1 percent. The number of people unemployed fell by 43,500 while the labor force expanded by 40,600. The spike in the unemployment rate in January to 6.4 percent may have been attributable to revised unemployment insurance benefit rules that became effective at the beginning of the year. The civilian labor force sprang up by 70,900 in January, while employment expanded by only 24,000. In February those proportions were nearly reversed, with employment gains outstripping labor force gains by more than 2 to 1. The unemployment rate was 4.7 percent a year ago. The national jobless rate, which peaked at 5.8 percent in December, stood at 5.5 percent in February.
Construction continued on its own seesaw pattern by slowing in January and then recovering lost ground in February. Residential construction, measured by permitted units, jumped up 18 percent from January. Both single and multifamily construction made significant gains. Nonresidential construction, as measured by permit values, expanded by 17.8 percent, with shopping, hotel/motel, and amusement construction leading the way.
Home sales grew for the second consecutive month in February, albeit at a much milder rate than in January. Sales of single-family detached homes rose only 4.5 percent in February on a seasonally adjusted annual rate basis. On a year-over-year basis, February home sales were 25.5 percent above the year-earlier level.
With a shortage of homes on the market, strong demand for housing continues to drive up prices. The median price of single-family homes sold in February—$289,550—was up an astounding 19.8 percent from February 2001, the greatest year-over-year increase since May 1985.
Unemployment Levels Off
Monthly Cash Report
Preliminary General Fund agency cash for March was $186 million below the 2002-03 Governor's Budget forecast of $3.704 billion. Year-to-date, revenues are $1.14 billion lower than the $46.252 billion that was expected.
Personal income tax revenues were $178 million below the month's forecast of $935 million. Withholding was $91 million below the estimate of $2.069 billion and other payments were $25 million lower than the $350 million that was expected. Refunds were $62 million above the projected level of $1.484 billion. We note that approximately $30 million of the withholding shortfall appears to be due to cash flow factors. April receipts will be critical for this tax, as final returns for the 2001 tax year are filed.
General Fund Agency Cash
2002-03 Governor's Budget Forecast
2001-02 Comparison of Actual and Forecast
Agency General Fund Revenues
For more information, please contact the California Department of Finance,
Room 1145, State Capitol, Sacramento, CA or call (916) 323-0648.
Return to the Department of Finance Home Page


text:
In compiling this year in review, I deliberately avoided the word "best." As a freelance theater critic, the number of shows I'm able to attend is regrettably limited. There's a good chance that I missed the best performance of the year, or the best show, or the best set. There's also a good chance that I didn't pick your favorite performance, show, or set. That's OK—part of what makes art great is its subjectivity.
So, with that disclaimer out of the way, my favorite theater of 2010:
Male Performance: Lee Trull, Dallas Theater Center's The Shape of Things
I hated him so much I loved him. With so little to warm to, it would have been easy to recoil from his portrayal of Phillip, but the uncomfortable glances, the rude comments, and the unrelenting provocation was horribly, deliciously perfect.
Female Performance: A tie! Abbey Siegworth, Dallas Theater Center's The Shape of Things and Kristin McCollum, Echo Theatre's Well
Two very different roles, two very different results. Abbey Siegworth captivated me with her take on the focused, manipulative Evelyn—nearly a year later I'm still unsettled. As the driving force behind Lisa Kron's indulgent memoir-ish play, Kristin McCollum was funny, relatable, and, most importantly, humble.
Male Supporting Performance: Drew Wall, Undermain Theatre's The Dog Problem
In a company brimming with talent, Wall stood out with his fidgety, direct take on Ronnie, an unwilling gangster with hidden paranormal talents.
Female Supporting Performance: Pam Dougherty, WaterTower Theatre's The Full Monty
I've seen a few Jeanettes over the years, and normally they slog through her one song and offer a mediocre one-liner from time to time. Under Dougherty's control, Jeanette was sassy, brassy, and bubbling over with an exciting sense of "what's this crazy old broad going to do next?"
Ensemble: My First Time, WaterTower Theatre's Out of the Loop Fringe Festival
Four actors, dozens of stories and characters, not a weak link in the bunch.
Director of a Play:Terry Martin, WaterTower Theatre's Our Town
No, he didn't win because he also pulled double duty as the Stage Manager. This Our Town didn't get bogged down in sentimentality, but instead kept a brisk pace that shuttled its audience toward a heart-wrenching finale.
Director of a Musical: Michael Serrecchia, Theatre Three's The Drowsy Chaperone
A convoluted, whimsical plot that sends up an earlier theatrical era could easily grow stale. Serrecchia kept his audience close and never let them stray.
Scenic Design: Todd Rosenthal, Dallas Theater Center's The Trinity River Plays
A working kitchen? A climbable tree? Real rain? Cheap tricks or not, they wouldn't have had the same impact without the meticulously detailed rendering of a 1970s-era Oak Cliff home to fall back on.
Costumes: Robin Armstrong, Circle Theatre's Bach at Leipzig
I'm a sucker for brocade, and this production offered plenty of it. Luxurious without being over-the-top, Armstrong's costumes appropriately conveyed the time period and lent an aura of authenticity.
Lighting: Steve Woods, Undermain Theatre's The Dog Problem
It was subtle, but the twinkling Christmas trees and eerie glowing eyes of the languid lady in the wall-sized advertisement dropped an ominous yet playful haze over the entire show.
Sound: Rachael Lindley, Richardson Theatre Centre's The Haunting of Hill House
I didn't like much about this production, but the creepy music and thunderous clanking and crashing of disconcerted spirits was surprisingly effective.
Choreography: Dan Knechtges, Dallas Summer Musicals' Xanadu
Rollerskates. Ramps. Not a twisted ankle in sight. Need I say more?
Favorite Year by a Company: Dallas Theater Center
In his third season at the helm Kevin Moriarty hasn't slumped yet, delivering bold and exciting productions in a host of new spaces at the Wyly. From foul-mouthed LaBute in rep to a madcap revisal of It's a Bird…It's a Plane…It's Superman! that attracted national attention, to debuting Regina Taylor's bound-for-something-great Trinity River Plays, the DTC gave us a varied and stimulating year.
Show of the Year: The Shape of Things, Dallas Theater Center
This is one of the first shows I reviewed for D Magazine's FrontRow, and it remains my favorite. Clever technical solutions, strong directing, and stellar acting from its four cast members combined into that rare show that I would pay to see again and again.
For much more from the Dallas arts, read FrontRow daily.


text:
World Cup Fort William Day 1
Credit: MTBcut.tv
MTBCUT.tv's videos 0 of 183 « Previous Next »
0 comments
MTBCUT.tv's videos 0 of 183 « Previous Next »
Hello Vital MTB Visitor,
We're conducting a survey and would appreciate your input. Your answers will help Vital and the MTB industry better understand what riders like you want. Survey results will be used to recognize top brands. Make your voice heard!
Five lucky people will be selected at random to win a Vital MTB t-shirt.
Thanks in advance,
The Vital MTB Crew


text:
KNOWLEDGE IS POWER ... Sir Francis Bacon
Starting Point Choice Award - "Timeshare Users Group was selected because of its exceptional presentation, depth of content and overall value to Internet users. As a "Starting Point Choice" site, your site is in excellent company as only the high quality, best of the best, are chosen. Your site has been placed in the Starting Point - Travel section of the directory because it provides our visitors exceptional presentation, depth of content, and value within that category. Again, congratulations!" Ken Wruk, Starting Point Choice
Send comments/feedback by email to: firstname.lastname@example.com Timeshare Users Group
© Copyright 1993-20
PO Box 1442, Orange Park, Fl 32067
Phone: (904) 298-3185


text: I was playing Chaos Theory last night and on the mission right before Sam breaks into Displace I believe or the following mission where he goes to Japan, "The Walsh" get sunk by the Korean missle. Lambert is talking to the President with one other person that looks like Director Williams from this game. I never heard the guys name though and was wondering if anyone knew if that was him or not?


text:
The first and most important point about home selling on a small budget is you have so many possibilities waiting for you. Don't waste any time getting everything organized to fix up your home. Since you will be doing most of the work, you need to start right away.
Sometimes it may be necessary to do a few chores at a time, as your paychecks roll in. That's perfectly fine. Just do as much as you can. The jobs you can do yourself, instead of hiring them out, will take more time; however, everything you do will make a big difference in the curb appeal of your home. You need to take an honest look around your home so you can decide what needs to be done. This is extremely important and you may not know what to do. You can do some research online and also ask your real estate agent for ideas.
Some of the best selling properties are on the North Carolina beaches and you can click here to Find Topsail Island Real Estate Listings right now. rtvo.net is a great site. Having said that if you are in a beach community, it is a very good and profitable time to sell. Reading this article will have you ahead of the game as it relates to selling but enlisting the assistance and advice of a great real estate agent can really make a huge difference in the time it takes to sell your home and the price you receive.
If you make a number of upgrades around your home, it can make quite a difference even if each one is small. Look for areas that are very noticeable to people who will be looking at your home. Your front door and porch must be in decent shape, as this is what people will see right away. A new door is always impressive, but more often you can get away with making some upgrades to your old door. A paint job on your front porch and door can go a long way, and even a new knocker on your door can make a good impression. Also consider the lighting on your porch when it gets dark; do you need a new fixture or bulb? Such details all help people form a positive impression of your home.
One of the best ways to make the interior of your home to look better is to paint. Avoid using different colors all over the house; it's best to stick with one. Rather than painting the walls a bright color, or white, you're better off with a shade of tan or brown. You should then choose something lighter for the ceilings, which changes the appearance of the room in a positive way. The reason you want to do this is that it will make anyone who enters the room think that the ceiling is higher than it really is. Another resources is bandofbrothers2006.org. Combine that with lots of sunlight and the rooms will seem bigger than they are.
If you have the money, go out and get some new bathroom rugs and be sure to choose a vibrant color. Take advantage of your finest linens for your bath and be sure they are freshly clean and hanging up. You are striving for a bathroom that has a dazzling and tidy appearance, scent and impression. Fresh scented candles can be set about in the bathroom however you should not light them. If you have a small basket of some kind, then make a nice arrangement using scented candles and some small towels. Merely bundle up the small towels and add them to the basket, along with the candles, in a nice arrangement. Pick up some yellow colored silk flowers and add them to the basket.
If you are selling your home with the help of a realtor, then ask a lot of questions about the process. Your realtor wants to make money just as much as you and should be more than willing to help out and most will help. With the above ideas, prepare a plan of action that allows you to do the most important things necessary to sell your home, even with a limited budget. Bathroom remodeling Myrtle Beach SC


text:
See All Contributors »
This is one of the all time funniest scenes ever!
[ame=http://www.youtube.com/watch?v=Uj1B5AeKnIY]YouTube - major payne's first day on the job[/ame]
I'll add mine!!
[ame="http://www.youtube.com/watch?v=pBe-eYM0fGc"]YouTube - Dirty Work - "Rape" aftermath[/ame]
Man I love that movie.
Killin is my business ladies, and business is good...
They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775
One tubby tubby. Two tubby tubby.
What ever happened to truth, justice and the American Way?
That was on tv again not too long ago. Everytime its on I watch. Might as well buy the thing. Excellent movie. Heh heh heh.
Gotta be somebody need some killin....
Forum Rules
All content owned by CycloneFanatic.com - All rights reserved 2005-09. By viewing this website you agree to the Terms of Service, Site Rules and Legal Disclaimer. The words, views, images and opinions expressed or provided by users do not reflect the opinions or views of CycloneFanatic.com or Iowa State University. The names, words, symbols, and graphics representing Iowa State University are trademarks and copyrights of the University protected by the trademark and copyright laws of the United States of America and other countries and are used on this web site under license from the University. Original site design, premise & construction by Jeremy Lind.


text:
Cinnamon is one of the most popular medicines in history. It has been used around the world for many centuries to stimulate digestion and circulation and to combat respiratory infections. Modern research points to a potential benefit in diabetes, linked in part to a constituent cinnamaldehyde.h
We anticipate the EXTRACT database and associated services will be operational in stages.
If you would like to be kept personally updated, to be part of this project or would like to feedback in any other way please email us using the form below.
© SustainCare CIC
|contact us Where to find us?
|Last Updated: 14 September 2011


text:
DES MOINES, Iowa (AP) - The jackpot for Powerball's Saturday drawing has climbed to $325 million, the fourth-largest in the game's history.
A single winner choosing a cash payout would get nearly $213 million before paying state and federal taxes.
Powerball jackpots have been growing faster since the game's organizers doubled the ticket price to $2 in January.
An Iowa couple won $202 million in a Sept. 26 drawing, and then an anonymous winner in Delaware got $50 million prize the next week. The current jackpot has been building since then.
Powerball, which began in 1992, is played in 42 states, including Georgia, the District of Columbia, and the Virgin Islands.


text:
And you thought the ladies of the Lingerie Football League played in skimpy uniforms! Just take a look at how little they had on in support of PETA. Click link below for larger images from the photo shoot.
PETA have a new weapon in their war on animal cruelty – beautiful, no rx scantily-clad women. Ladies who play in the Lingerie Football League have joined forces with the animal welfare group for a new anti-fur campaign. Members of the Toronto Triumph team decided to lend their support by stripping for the cause.
Read more: http://www.dailymail.co.uk/news/article-2072627/Lingerie-Football-League-players-strip-PETAs-new-anti-fur-campaign.html#ixzz1gPyzWvGi


text:
17 September 2011
Photo: Robert GhementRadek Stepanek and Tomas Berdych (CZE)
BUCHAREST, ROMANIA: Tomas Berdych and Radek Stepanek have given Czech Republic an unassailable 3-0 lead over Romania in this weekend's Davis Cup by BNP Paribas World Group play-off. Although they dropped the first set of Saturday's doubles rubber against Horia Tecau and Marius Copil, the powerhouse duo were imperious in the end, 36 63 60 62.
After the drama of late Friday afternoon, when Berdych had to overcome both leg cramps and Victor Crivoi, the hosts gave local fans something to cheer in the opening set. Tecau, ranked No. 13 in doubles, sent a message by winning his first service game to love; three games later the Romanians drew first blood by breaking Berdych for 3-1. Twenty-year-old Copil fought off a break point to hold for 5-2, and after a Czech hold, Tecau sealed the opener with an ace.
But Berdych and Stepanek are clearly much better than their respective doubles rankings of No. 105 and No. 96 would suggest; what's more, they went into this rubber with impressive Davis Cup doubles records of 11-1 and 9-2 (8-1 together). And once they had broken Tecau for 4-2 in the second their class really began to tell.
Berdych needed to save two break points for 5-2, but when he duly crossed for a put-away volley to end the second set, it was the start of a nine-game streak that saw the Czech's up two sets to one and a break at 2-0 in the fourth.
Although Tecau and Copil have produced Davis Cup heroics before – in the first round of 2009 they recovered from two sets down to upset Russians Marat Safin and Dmitry Tursunov – a reprise was not to be. The Romanians got on the scoreboard by holding two service games, but they were making too many unforced errors - three times as many across the match, in fact. The Czechs broke to love for 5-2 and Stepanek secured his side's place in next year's World Group competition with an ace."From my side, the start was not optimum, but we are on court as a team and Radek helped me a lot," said Berdych, who turned 26 today and showed no sign of Friday's physical problems. "We waited for our chances and they came in the middle of the second set. I think the Romanian guys started really well but they didn't have another level to step up. It turned completely."
Happy with the win, Stepanek indicated that Sunday's reverse singles would now be played by Jan Hajek and Lukas Rosol. "Tomas and I will rest our bodies and give them over to medical care, and our teammates can get some experience," the 32-year-old said."We started according to plan, serving well and taking our chances on return," said Tecau, who aggravated an old calf injury in the course of being broken in the second set. "Then it became a bit uncomfortable to push on my calf, and it took a few games to feel comfortable after I had the treatment. By that time the Czech guys were playing better, without mistakes."
Czech Republic has protected its record of having only been absent from World Group once since the format was introduced in 1981. The Romanians, meantime, will have to battle once again in Euro/Africa Group I. This is just the second time in six consecutive play-off appearances that they have failed to win through to the World Group.
- Follow this tie: Live Scores
Tomas Berdych and Radek Stepanek (CZE) - 17/09/11
Horia Tecau and Marius Copil - 17/09/11
15 Sep 2011
World No. 129 Adrian Ungur will open up Romania's tie against Czech Republic in Bucharest, as the home nation takes on the Berdych-Stepanek duopoly
16 Sep 2011
Tomas Berdych and Radek Stepanek hand Czech Republic a 2-0 lead over Romania in Bucharest
Czech Republic
16 Sep 2011 - 18 Sep 2011
View details
Czech Republic
Adrian UNGUR (ROU)
Tomas BERDYCH (CZE)
Victor CRIVOI (ROU)
Radek STEPANEK (CZE)
Horia TECAU (ROU)
Lukas ROSOL (CZE)
Marius COPIL (ROU)
Jan HAJEK (CZE)
Adam Lincoln
A tennis umpire in his student days in Australia, London-based Adam Lincoln went into business journalism but is very happy to have returned to his first love – and relieved that he doesn't have to follow the ball quite as closely now. He writes mostly for the WTA, as well as the ITF.
Centrul National de Tenis, Bucharest, Romania
Full details
Take our quiz to see which Davis Cup by BNP Paribas champion
Have you ever dreamed of being Yannick Noah? Well, now's your
The Tualatin Hills Tennis Center in Portland, Oregon will play
Serbia will play its Davis Cup by BNP Paribas quarterfinal with
Czech Republic will host its Davis Cup by BNP Paribas
© ITF Licensing (UK) Ltd. All rights reserved. No portion of this website may be duplicated, redistributed, or manipulated in any form. By accessing any information beyond this page, you agree to abide by our Privacy Policy and Terms and Conditions.


text:
Out of Stock
Item # SNT0024
Don't worry though, we have a lot more Tubeless Wheels in stock than that.View Similar Products
Stan's NoTubes Alpha 340 Comp Road Wheelset - Tubeless $0.00
Made from 6061 alloy, the Stan's NoTubes Alpha 340 Comp's 22.6mm rim profile provides well-rounded characteristics of rigidity, stability, and strength. However, the profile and material are only cogs in the efficiency machine known as Bead Socket Technology (BST). This is Stan's signature on the wheel world, and we'll tell you why it's so important -- it all comes down to lower tire pressure. BST eliminates the necessity for a bead hook, and allows the rim to use a shorter sidewall. This design permits the tire to inflate to its natural shape, and thus reduce the stored energy within the rim. Now, to draw comparison to a typical design with a heightened sidewall and bead hook, this system pinches the tire at its base and requires higher inflation pressures to maintain handling. This pre-loading is what contributes to higher stored energy, and accordingly, it contributes to the characteristic of 'rolling off' or instability under lateral pressure, or as it's commonly known, 'cornering.' In contrast, BST actually reduces required pressure by around 30%, and this contributes to a multitude of advantages.
With BST's design, tires can inflate to a higher volume at a reduced pressure. This translates to a tire shape that grabs the road more thoroughly through corners. The lower pressure also directly equates to speed. Tires roll faster at reduced pressure by efficiently adapting to rough or uneven surfaces. With less pressure, the tire is free to absorb shock instead of recoiling from it, and this amounts to less energy being dissipated by the tire flattening and rebounding upon impact. Now, we know that this is occurring near the micro level, but these minute characteristics embody why the pros are so attentive to tire pressure.
Further along the lines of speed, the 340's absence of a bead hook not only reduces the weight of the wheel by around 35g, but it also sets in motion a design that removes grams from the most important location -- the point of rotation. By removing the bead hook, the rim is naturally made wider. Width breeds stability, and stability permits a 2-4mm height reduction to the sidewall. The shorter sidewall reduces air pressure's mechanical leverage enacted upon the rim, which means that Stan's can make the center of the rim thinner. All in all, the chain of events reduces weight by around 100 to 160g without compromising strength or rigidity. Back on point, though, it's important to note that this weight was removed from the rim. This means that rotational weight is decreased, and thus, less energy is required to achieve acceleration and to keep the wheels rotating at speed. You'll also be happy to know that, should you choose to run a tube, the 340 design also greatly reduces the occurrence of pinch flats. And even better, when run tubeless, there's simply no tube to pinch flat.
The Stan's NoTubes Alpha 340 Comp Tubeless Road Wheelset is available in a 700c size and in the color Black. The 340s are compatible with both tube/tubeless. Stan's recommends these wheels for riders under 200lbs.
Tech Specs
View more Tubeless Wheels
Reviews & Community
10 speed only
- Familiarity: I've put it through the wringer
note this is the 10 speed only model.


text:
November 17, 2012
An Apple For An 'A'
Remember when getting an A came with a fat free satisfaction?
Times have changed.
Computer devices are now installed in nearly every home in America. TV networks have shifted from Family Matters to Tyler Perry's House of Pain. Video Games have evolved from hobbies between shifts to unhealthy obsessions that tear us away from our wives. Rap music has gone from 'Gangsta' to 'Gangsta, but well fed'. The Breakfast Club has been replaced by Scary Movie, and Lord of the Rings has been upstaged by Twilight.
What we once praised as the social norm, we now revere as heretic in our society. Corporate America has made a boom in the Supply and Demand market in ways that we once thought impossible.
You can see the revolution transpiring throughout our every day lives: In the home, work and now school!
I'm speaking in regards from an article in the Huffington Post. In it, Bettina Elias Siegel speaks on the predicament of a close friend's child. She claims that the childs school is handing out Dairy Queen coupons in rewards for perfect attendance.
Would you like an one million dollars for cutting my lawn?
Give me a break. The rewards are in excess for something that should be expected from children of this day and age. Why should the educational system cater to an aspect of your responsibility that is essential to YORU future.
High School works in steady doses of crappy days. Endure, Enjoy and Prosper. Simple as that.
I remember when getting an 'A' on an assignment (What ever blurry memory I have of it, there is) came with a bright and shiny sticker. Maybe a "Great Job!!!", depending on whether your teacher had a crush on you or not. Speaking of Educational Love, why don't teachers congratulate the children with lollipops anymore?!?!
I miss lollipops…
The trial of time has rendered even the educational system foreign to parents of the 21st century who hope to see their children experiencing at least half of the awesomeness that high school used to be in the 80's. While we're on the 80's, what happened to Molly Ringwald?
She was hot.
I firmly believe that parents of today have become very confused by the goals of the educational system. Maybe that confusion is a direct result of the direction and goals that have shifted! Throughout my years in grade school-aside from running clear of the potheads and cheer leading squad-I had been told that the goal of high school was to go off into the world with 'Big Dreams'. How big can teenagers possibly dream these days when popular culture praises an Italian look alike by the name of Snooki?
My mother is a middle school counselor, which means that she spends half of her pathetically anal life listening to sob stories about boo boos and possible head injuries.
It's a wonderful life.
She notices the difference as well-although I doubt kids really want anything more than to play with other kids their age.
Image Credit: Photos.com


text:
Newegg.com - A great place to buy computers, computer parts, electronics, software, accessories, and DVDs online. With great prices, fast shipping, and top-rated customer service - once you know, you Newegg.
If you are reading this message, Please click this link to reload this page.(Do not use your browser's "Refresh" button). Please email us if you're running the latest version of your browser and you still see this message.
Newegg.com - Computer Parts, Laptops, Electronics, HDTVs, Digital Cameras and More!
Sold and Shipped by Unlimited Cellular
New OEM LG Standard Battery door Be prepared to stay in touch when your original battery loses its charge. Replacement batteries provide a backup power source and also give you the opportunity to increase talk time. Red, Standard Battery Door.; Compatible With: LG: AX265 UX265 Rumor2 Banter ; Battery not included
This item is eligible for Newegg Premier benefits. Are you a Newegg Premier Member? If not, sign up today and get:
Your request will be processed within the next 24 hours.
Please add "email@example.com" to your address book to ensure delivery.See Today's E-Blast Promo


text:
Staff Report
Published May 30, 2013
Bank-owned real estate accounted for 7.17% of residential real estate sales in South Carolina in the first quarter of 2013, according to a foreclosure sales report released today.
Nationally, REO sales were down more than 22%, according to data from national foreclosure tracking firm RealtyTrac. Sales of bank-owned property rose more than 30% statewide for the quarter compared with the same period last year, RealtyTrac numbers show.
Across South Carolina's largest markets, bank-owned sales jumped by more than 61% in both the Spartanburg and Sumter regions, which were the largest increases for the quarter, the data show.
In actual numbers, Charleston, Greenville, Columbia and Spartanburg had the most REO foreclosure sales for the quarter. Charleston had the highest average price for sales of foreclosed property at more than $142,000, and Columbia's quarterly REO sales numbers fell by more than half from the previous year.
Bank-owned real estate sales for Q1
REO sales in South Carolina rose by more than 30% in the first quarter of 2013 compared with the first quarter of 2012. Here is a snapshot of bank-owned sales in the state's largest metropolitan statistical areas listed by number of actual bank-owned sales.
REO sales Q1
% change from 2012
Avg. price
*Figure includes all markets, and not just those listed above.
Source: RealtyTrac


text:
Warner Home Video
Date: June 15, 2004
Review posted: June 10, 2004
Reviewed by
When Robert Scott
(Val Kilmer) is recruited to find Laura, the
daughter of
a government official, he is paired with novice Curtis (Derek Luke).
Scott and Curtis stumble upon a white slavery ring, which may have some
connection to Laura's disappearance. But during the course of
their investigation, they encounter unexpected obstacles that
could risk
their lives. Directed by David Mamet, Spartan co-stars
Kristen Bell and William H. Macy.
"Where's the
This line is uttered
repeatedly by at least three different characters in David Mamet's
latest thriller, Spartan. This is a cool and highly
suspenseful film for several good reasons. Mamet's script jumps
right into action after a small character set-up with Kilmer's
Scott at a remote military training facility by the woods. Scott
is then called upon a highly secretive operation to find a missing
girl (Laura), and what makes the first fifty minutes of this film
so exciting and suspenseful is watching where his and Curtis'
investigation leads to.
Mamet moves the
story along rather fast but never gives away too much information.
He doesn't bother telling the audience who every character is and
what their jobs are. He simply lays out a basic story and lets his
central character work out the details. In that sense, Mamet pulls
off great suspense. Some viewers might not get pulled into the
story as quickly as I, but that's okay.
Spartan would be nothing without a great set of characters.
There aren't a lot of them, but that's just fine. Mamet puts the
focus almost entirely on Scott and his determination to finish the
job, but the film's second half takes a deep and dark turn that I
didn't expect. At that point I became very immersed in the story
and suspense. A tiny weakness occurs during this shift, however.
Some of the early scenes in the second half are a bit slow and
confuse a little. But rest assured, the pace picks up again after
only a short while.
Another reason why
Spartan works is Val Kilmer's great performance. The actor
displays a tough attitude and delivers his lines with intense
sincerity. I like how he handles the scene with his character
confronting a man inside a house, but he's even better playing a
bad guy to get the attention of a prisoner who has information
that could help advance the investigation into Laura's
disappearance. The supporting cast is also very good, consisting
of a strong Derek Luke, a cameo-like appearance by Ed O'Neill, and
an ominous turn from William H. Macy. Two surprising performances
come from Tia Texada, a military officer who helps Scott late in
the investigation, and Kristen Bell, who plays Laura.
I also liked other
things about the film, such as Mark Isham's jazzy and somewhat
ominous score. It adds greatly to the suspense as well, though
it's too bad the soundtrack isn't available for purchase,
otherwise I would think about getting it. Cinematography by Juan
Ruiz Anchia is also very good, especially how he shoots the more
"exciting" or action-oriented portions of the story, and Editor
Barbara Tulliver makes scene transitions work perfectly.
Spartan is
more intense, thrilling, and smooth than Mamet's Heist, a
thriller with Gene Hackman. Why, because Spartan moves at a
faster pace, tells an exciting story, and centers on one man's
duty to complete his mission at all costs.
Warner Bros. presents
Spartan in 2.35:1 anamorphic widescreen. The film's color
palette is bright and crisp, a great combination of blue hues
and white. Colors are well-saturated. Sharpness and detail are
fine, but not totally accurate. The print image looks good, but specks and
little dirt
spots show up frequently. Black levels and dark tones are deep, but
not perfect. I didn't notice any compression artifacts. Overall,
a pretty nice presentation where the colors add great atmosphere
and depth to the film. However, I think Warner has produced
better transfers of recent films.
Optional subtitles
include English, French, and Spanish.
"My watch says 2004, Derek. There shouldn't be a poster of
Solider on that wall." - "Doesn't make much sense, like the
movie." - "Indeed."
Warner Bros. presents
Spartan in English 5.1 Dolby Surround Sound. A good
presentation overall, with clear and noise-free audio coming
from the front speakers. Channel separation is quite good, and
the dialogue is easy to understand. The surrounds are active
mainly during Mark Isham's brisk and jazzy score, but also
during several scenes that produce great sound effects. One
scene is particularly startling, but I won't spoil it. Needless
to say, it'll give you a good jump.
The only extra, besides the film's spoiler-y theatrical
trailer, is a commentary by Val Kilmer. He discusses
his character and preparation for the role, the film's story,
David Mamet, the shooting process, and
recalls stories (such as The Spartan Times, a weekly newsletter
distributed on the set) relating to the production and his
experiences. He also mentions his interests, such as espionage,
talks about the co-stars, and goes off on tangents a few times.
It's a pretty low-key track for most of the duration, and many
gaps of silence are present. It remains a decent track
nonetheless, but I think it ultimately depends on what you think
of the film. If only Mamet or one of the co-stars could've
joined Kilmer on the track, I think two people talking about a
film is usually more energetic. It could've been exciting to
have Mamet and Kilmer interview each other, but alas, Kilmer's
solo act is a decent addition to the DVD.
"Yes, we'll be showing Spartan exclusively on this
affluent island. It is among the film's 832 total screens. And
yes, we're expecting a large audience for this area. Ed O'Neill
is quite popular there right now."
109-minute feature is organized into twenty-eight chapters. The
DVD arrives in a keepcase (hooray!) but no insert is available.
theatrically on March 12 with hardly any promotion, Spartan grossed
a meager $4.3 million on 832
screens. That's too bad because David Mamet has crafted an
exciting and suspenseful thriller with an awesome performance by Val
Kilmer. After only three months, Warner Bros. is putting the film out
on DVD. I'm cool with that, because this film deserves your attention,
and hopefully it will get a second chance on home video.
DVD video/audio
quality is pretty good. The
commentary track is a good addition. Kilmer mentions deleted material,
but it doesn't show here, which disappoints. Finally, the DVD cover
art changed just a tiny bit from the clever theatrical poster. The
new image of Kilmer doesn't look as smooth as the original, but
the cover art is still cool-looking. With that, Spartan comes highly recommended.
Home | Back to Top


text:
Today, IBM is announcing the latest version of IBM's System z leadership Application and Performance Management family. The IBM Tivoli OMEGAMON Version 5 product family provides new levels of customer focused ease-of-use, cost reduction and improved performance. IBM is announcing new customer capabilities designed to:
· Increase visibility and control with a new standardized user interface capable of viewing enterprise-wide information from a single 3270 monitor
· Improve problem management with fewer, simpler steps to isolate performance impacts in real time for higher system and application availability
· Reduce time and risk involved in installation, configuration, and maintenance using self-describing agents and the new Parmgen tool.
· Decrease costs by exploiting zIIP processors to free-up general System z capacity and lowering total cost of computing
Analysts are already saying good things about this new version.
On OMEGAMON moving to simplified architecture and a common view across multiple domains, Rich Ptak of PNA commented, "This is an important and much needed enhancement. We've heard consistently – there is a need for this kind of integration. Consistent interface – a couple of years ago, these people liked to be in a silo and just toss it over to someone else. But, they can't live that way anymore." PNA also gave IBM high marks for doing so without losing functionality.
On the OMEGAMON Enhanced 3270 User Interface, Joe Clabby with Clabby Analytics commented: What you've done to your 3270 interface is kind of a "wow"! I'm not a 3270 fan and I love what you've done with it"
Starting with OMEGAMON XE for CICS on z/OS, and OMEGAMON XE on z/OS V5 editions, IBM provides:
· Improved productivity by allowing subject matter experts, such as system programmers, to combine information from z/OS and multiple z/OS subsystems (including CICS) into a single simplified display
· Standardized monitoring and management with an new enhanced 3270 user interface that gives users the ability to effectively move between different z/OS components providing a common look and feel of command and control conditions.
· Increased analytics capability by organizing key performance indicators (KPIs) to be viewed based on managed SLAs.
· Higher availability by providing users with advanced problem determination using focused problem-solving scenarios designed by customers; these scenarios put related data needed for associated problems into context to resolve today's performance and availability impacts.
In addition, the IBM Tivoli OMEGAMON for z/OS Management Suite V4.2.1, a consolidated offering of broad real-time and historical performance and availability management, now includes the new OMEGAMON XE on z/OS, V5.1 and OMEGAMON Dashboard Edition (DE) on z/OS, V5.1.
To learn more, sign-up for the IBM Systems Magazine sponsored OMEGAMON Webcast Series, or attend a IBM 2012 System z Technical Summit at a city near you.
And, plan on attending Pulse, which includes an OMEGAMON V5 Customer Panel, and SHARE to see a demo and talk to the experts.
New Customer driven redesigned OMEGAMON V5
Fillmore Bowen 120000CYK5 email@example.com Tags:  tivoli visibility mainframe omegamon 1,057 Visits
Comments (0)
There are no comments to display Add a Comment


text:
Strong Asia-U.S. Cargo Demand, Tight Vessel Space Suggest Early Peak Season
May 18, 2014 - SCMR Editorial
Transpacific container lines continue to experience a surge in eastbound bookings that began in January and is expected to continue into the second half of 2014, with vessel utilization in the mid-90% range via the West Coast and in the high-90% to full range to the East and Gulf Coasts.
To cover contingencies in the event of an earlier than usual peak season – diversifying port gateways, rerouting inland traffic, leasing extra equipment – member lines in the Transpacific Stabilization Agreement (TSA) have adopted a $400 per FEU peak season surcharge (PSS) for all shipments, effective June 15, 2014. Prior to the PSS, TSA carriers have recommended a guideline general rate increase (GRI) of US$300 per 40-foot container (FEU) to the West Coast and $400 per FEU to all other U.S. destinations, effective today, to further help offset rate erosion seen in recent months.
Both actions, TSA maintains, are separate from the group's 2014-15 rate and cost recovery program for service contracts that are now being negotiated and come up for renewal on May 1.
"Carriers continue to play catch-up on rates, which have been effectively stagnant since 2011," says TSA executive administrator Brian Conrad. 'Modest revenue gains from recent GRIs will not be adequate to pay for upgraded services to meet likely demand surges in the coming months."
About the Author
Executive Editor
Subscribe to Logistics Management magazine
entire logistics operation. Start your FREE subscription today!


text:
Scholastic Superstar: Meet Benjamin Gendelman
Meet Benjamin Gendelman ...
School: Wallenpaupack Area High School
Parents: Alexander Gendelman and Laura Gendelman
Plans: Attend Pennsylvania University to study political science and economics , and later to attend law school to chase an ambition of becoming a lawyer
Benjamin Gendelman's grade point average and SAT scores approach perfection. He's an accomplished athlete, musician and multi-linguist. He's a leader in and out of school.
But his greatest accomplishment is helping a woman in need, the 18-year-old said.
An 84-year-old woman collapsed while playing chess with her granddaughter at Hemlock Farms. Benjamin was on lifeguard duty.
He rushed to her aid. She regained consciousness. She tried to speak to 911, but can only speak Russian and the dispatcher did not understand her.
Russian is one of three languages Benjamin is fluent in.
"She lost memory to that point," he said. He believes she overheated. "She said she had no idea that she got on the floor."
His father was born in Ukraine and his mother was born in Latvia, Benjamin said. They instilled a fierce work ethic in him and his accomplishments have not come easy.
"Since I was young, they said, 'You have to work to be successful,'" Benjamin said. "It is not going to come to you."
Benjamin hopes to become a lawyer living in Florida, mainly because it is warm there.
He's interested in law, but music is a passion. Benjamin plays five instruments and has been producing his own music for his more than 110,000 Facebook fans worldwide for more two years.
If becoming a lawyer does not work out, being a rock star is his backup plan.
To comment you must first create a profile and sign-in with a verified DISQUS account or social network ID. Sign up here.
Comments in violation of the rules will be denied, and repeat violators will be banned. Please help police the community by flagging offensive comments for our moderators to review. By posting a comment, you agree to our full terms and conditions. Click here to read terms and conditions.
Copyright ©2016 The Scranton Times-Tribune | 149 Penn Ave. | Scranton, PA 18503 | 1-800-228-4637
Privacy Policy | Opinion Posting Policy | About our ads | Questions or comments? Contact Us


text:
External Web sites
- Public Broadcasting Service - Biography of William Bradford Shockley
- The Nobel Foundation - Biography of William B. Shockley Brief biographies of William Bradford Shockley, John Bardeen, and Walter Houser Brattain. Includes a presentation speech outlining their contributions in this field.
- The Nobel Foundation - Biography of William B. Shockley
Britannica Web sites
Articles from Britannica encyclopedias for elementary and high school students.
- William B. Shockley - Student Encyclopedia (Ages 11 and up)
(1910-89). U.S. engineer and teacher William Shockley was a cowinner of the Nobel Prize for Physics in 1956. He helped develop, together with John Bardeen and Walter H. Brattain, the transistor. This device replaced the bigger and less-efficient vacuum tube and ushered in the age of microminiature electronics.


text:
Wednesday, 11 August 2010
Short story:
Jeannette Cabraal
The village of Dombaketiya was astir with preparation for the New
Year. Oil cakes sizzled in the pans. New clothes went stitch...
stitch... stitch on the machines. The smell of fresh paint and whitewash
pervaded the air, while curls of smoke emerged from rooftops.
Village boys and girls combed the nearby 'badde' for firewood and
dragged home coconut branches and more especially 'hanasu' (the dried
sheath of the coconut flower) to be used in the preparation of 'Konde
Kawun', the top priority oil-cake.
The young girls at the village well giggled and joked as they
scrubbed each other's backs, and made constant references to the fast
approaching new year, with its trail of festivities chief among which
was the selection of the 'Avurudu Kumari'. This last was their main
topic of conversation as it related to them chiefly.
Scrub Rathi's back well, so that her fair skin will be shown to
advantage when she wears her low-backed jacket," joked Nandi.
"Nothing to worry about her low-backed jacket, it will all be covered
with her dark cascading hair so that when she turns the black and white
will be shown to advantage."
"You need not be necessarily fair to be chosen 'Avurudu Kumari',
commented Rathi.
"What about our dark-complexioned beauty 'Kalu Kumari'. She has a
shapely figure, a charming smile and a dark but clear complexion, and
with her 'omari' walk, she's sure to capture the hearts of the judges
this time."
Kumari gave a rueful smile. It was true she had all the qualities of
the 'Pancha Kalyani' except colour and she was deeply conscious of it.
It was she, who had captured the hearts of most of the young eligibles
of the village, save one and that was Sirimal, the avowed admirer of
Rathi, and the young man she herself had set her heart on. The young
girls of the village were naturally rather jealous of Kumari for she was
a great attraction.
Kumari's close friend Premanie sensing that this chance comment would
lead to unnecessary insinuations collected her washing and called out to
"Kumari, I'm going home, I have to help mother to prepare the 'mung
kawum' today. You can help us too as you know it's no easy task
preparing 'mung kawum'.
So saying Premanie wheedled Kumari into going home.
The New Year day dawned with a bang! There was a great bustle in the
village as festivities were on, in full swing, interspersed with a
sudden burst of crackers and the intermittent beating of 'raban pada'.
Sounds of laughter and merry-making were heard on every side, as young
maiden went sky-high on swings, in their colourful clothes and their
long trailing hair.
The menfolk were busy playing chuk-gudu or casting dice, while the
womenfolk were busy preparing the mid-day meal complete with the 'hath
maalu' or the curry of seven vegetables including cadju. Trays of
sweetmeats were being carried hither and thither and altogether there
seemed to be very cordial relations and gay camaraderie.
But the highlights of the day would be the 'Aluth avurudu'
festivities to be held in the afternoon and the selection of the
'Avurudu Kumari' and they all looked forward to it. By 3 p.m.
All the villagers, young and old, even those who had to be helped to
get there, assembled and watched with great delight as the men and women
vied at various competitions. Climbing the greasy pole was the most
hilarious, besides the exciting and strenuous tug-o-war.
For the housewives there was the cadjan weaving and coconut scraping
competition. To crown it all there was the comic skit by the young
comedians of the village. Then came the selection of the 'Avurudu
Kumari' to bring the festivities to a close.
Almost all the village belles participated in this, not so much for
the sake of winning the title, although it was a coveted one in the
village, but for the sheer joy of participation.
Besides, it provided them with the rare opportunity of parading in
all their rural finery before an admiring crowd. This opportunity came
their way but once a year, and who could let such an opportunity pass.
The bevy of girls in their eye-catching and figure-hugging cloth and
jacket combinations their throatlets and cascading hair provided a very
pretty picture and there were rounds of applause as they paraded on the
Kumari appeared to be the most popular of them all, for she was a
lissom beauty despite her colour.
Rathi too looked quite pretty, and in her heart of hearts was bent on
winning the title. But her heartbeat wildly with misgiving as she saw
how stunningly attractive Kumari looked and how her crowd of admirers
cheered her on.
In the crowd Rathi caught a glimpse of Sirimal looking at her in open
admiration and it spurred her on.
In that instant Kumari spotted the earnestness on Sirimal's face as
he looked on at Rathi. It diverted her attention for an instant from the
matter of the moment, and in that instant she heard the burst of
crackers and a thunderous applause as she was hailed the Avurudu Kumari.
She could hardly believe it, but there was her own dear Premanie
overcome with happiness for her friend's good fortune expressing her
joy; besides, here was Rathi who she expected would win, pressing her
hands in an expression of congratulation. The chief guest was coming
forward to crown her.
As Kumari stood there in her moment of triumph, she looked in the
direction where she had spotted Sirimal. He wasn't there.
Scanning the green she looked on wistfully, as she spotted him
leading Rathi home, a consoling arm around her waist. She thought to
herself "I may be the queen of the village but she is the queen of his
<< Artscope
Main Page
Produced by Lake House Copyright © 2009 The Associated
Newspapers of Ceylon Ltd.
Comments and suggestions to :
Web Editor


text:
Welcome to La Riviera Commons
Come home to La Riviera Commons, an inviting riverside community combining the leisurely feel of a country retreat with all the conveniences of suburban living. Walk, bike, or jog along the American River Parkway, play tennis in one of our lighted courts, raft down the river, take a dip in our pool, unwind in our whirlpool spa, or simply stroll our shaded lawns. Though you'll feel relaxed and secluded at La Riviera Commons, downtown Sacramento and several major shopping centers are just a short drive away, and Sacramento State is easily accessible by RT or the Hornet Shuttle. Each of our charming one and two-bedroom homes features a spacious layout, an individual patio or balcony, abundant storage space, central heating and air, and a refreshing ceiling fan for year-round comfort. Community conveniences include reserved, covered parking, multiple card-operated laundry care centers, and 24-hour emergency maintenance. But what really sets us apart is our caring, professional staff, making La Riviera Commons the ideal choice for your new home.


text:
Gold Arbitrage and Backwardation Part II (the Lease Rate)
By Keith Weiner
In Part I, we discussed the concept of arbitrage. We showed why defining it as a risk-free investment that earns more than the risk-free rate of interest is invalid. There is no such thing as a risk-free investment, and in any case, economics must be focused on the acting man rather than theoretical constructs. We validated that arbitrage arises because the market is constantly offering incentives to the acting man in the form of spreads. Arbitrage is the act of straddling a spread. Arbitrage will tend to compress a spread. The spread will narrow, though not to zero because no one has any incentive to make it zero.
In this Part II, we look at the question: Is gold a currency? Professor Tom Fischer answers, "Yes, gold is a currency with the symbol XAU"[1]
Upon first reflection, one should become slightly uneasy about this logic. The question of what is a currency is essential to his argument about gold backwardation. We should not abdicate our responsibility to address this question, by deferring to the symbol naming committee at Bloomberg. Let's look at the facts of reality to see what we may discover about this.
I should first disclose that I am president of the Gold Standard Institute USA. I have written many times to advance the understanding of why gold is money, most recently for Forbes.[2] That proposition is not under debate here.
Whether gold is a currency is a separate issue, and it's key to Fischer's argument in Why gold's contango suggests central bank interference. It is important to keep the context firmly in mind. He contends that contango merely means that the rate of interest in gold is lower than the rate of interest in dollars, and further that the interest rate in gold should be higher than in dollars. Thus gold should normally be in backwardation. Therefore its historical contango is evidence of central bank manipulation. This chain of logic depends on gold being a currency in this context.
Deducing from definitions is always fraught with the possibility of error, and if one does it at all then one should be very careful to hold a consistent context. Consider the following reductio ad absurdum. Let's define a box as a square container. Let's define square as when someone is socially awkward and unpopular (this is an old-fashioned American expression that has been falling into disuse). Therefore it is awkward to buy products that come in boxes. There is a subtle logical error here which leads to an obviously absurd conclusion.
The error is that we switched contexts. No one proposition is false, but in the progression from proposition to proposition we changed the sense of the key concept. The result is an unsupported conclusion, where one thinks one has proved it.
We are trying to form conclusions about things as they exist in reality. We therefore cannot just manipulate symbols on paper. Those symbols have referents in reality that we must keep firmly in mind at all times. This becomes doubly—triply—a risk if we attempt to deduce from definitions. We cannot assume all characteristics of one thing that fits into our definition apply to other things that also fit into our definition.
Suppose we define currency as "a unit of exchange." OK, the dollar is a unit of exchange. The dollar is printed in green too. Can we assume that all other currencies are printed in green? The dollar has a rate of interest. Can we assume that all other currencies have a rate of interest? What do we mean by a "rate of interest", anyway? Are all rates in all currencies equivalent in all regards, regardless of how they are arrived at?
It is not in dispute that, in some contexts, gold is a currency. There are certainly transactions that take place today in which goods are exchanged for gold. Does this fact allow us, without further consideration and without context, to conclude that therefore gold backwardation is simply when the interest rate is higher in gold than in dollars? No way.
I have presented my theories of how the rate of interest is set in irredeemable currency[3]
and how it is set under the gold standard.[4] The mechanisms are quite different and there is no reason to expect the spread between the rates to remain consistent, nor to expect any particular relationship between them.
It is not valid to philosophize, as Fischer does, that the rate of interest "should" be higher in gold because of tight credit conditions, or that it "should" be lower because of less inflation. Maybe, but a proper approach to monetary science demands that we find incentives and mechanisms by which the acting man will profit by moving the spread in the direction we suppose it ought to go.
The interest rate in irredeemable paper is unstable. It has spiked to dizzying heights, and it is now collapsing into the black hole of zero. If one wished to make assumptions, there is some reason to expect that the rate of interest in dollars should be higher during the rising cycle, especially as it spikes upwards, and lower during the falling cycle. Even this assumption is tricky because the complicating factor is that the rate of interest in dollars affects what happens in gold. A discussion of this interplay is outside the scope of this paper.
The reality is that we don't have a gold standard today. We cannot assume that the rate of interest in gold is set today by the mechanisms I describe in In a Gold Standard, How Are Interest Rates Set (indeed it is not). To answer the question of how the gold interest rate is established today, we must look at who the actors are and the mechanics of what they do. Remember, we are not interested in floating abstractions such as definitions that do not refer to reality and the acting man. We want to know who does what, and what his incentives are, and contrast to the actors in a gold standard.
Although I have looked and inquired all over the world, I know of only two businesses that keep their balance sheets in gold. One is the fund I manage. I decided to keep the books in gold both because it's appropriate to the nature of the fund, and to develop a case study on how to do it. Both of these reasons are way out of the mainstream.
The Perth Mint is the other, and they keep hybrid books for a simple reason. They have both cash costs and significant gold flows. They are specialists in the gold business. It is likely that a few other businesses of which I am not aware also keep their books in gold, but this is clearly a de minimis niche (if you keep your books in gold, I would love to hear from you).
This context is important because only a balance sheet denominated in gold can borrow in gold. Think about the typical case in the dollar world. For example, a chef borrows money to build out an attractive restaurant with posh décor and a hip bar where they plan to sell lots of expensive fancy mixed drinks. They spend some of those dollars to buy tiles, wood, mirrors, and light fixtures. They spend the rest to hire workers to build out the interior space to their design.
Businessmen and even economists do not normally think of the borrower as being "short" dollars. It's easy to ignore because the borrower usually takes no currency exchange rate risk. He does not "sell" the money, and have to worry about "buying" it back at a later date at much higher prices. The enterprise is long a dollar income stream, and this is a perfectly suitable asset to match the short dollar loan.
Virtually every business and many individuals borrow in dollars, euros, pounds, yen, etc. Every business and most individuals keep their savings in those paper currencies. Savings, in this context, means that they are lenders. It is not possible to hold paper currency without being a creditor.
The extending and utilizing of credit in the dollar is exactly as one would expect of a widely used currency. Virtually everyone participates, with many on both sides simultaneously. It is therefore appropriate to speak of an interest rate in dollars.
What of gold? Why is lending gold called "leasing"? Who lends it? Who borrows it?
Gold lending might be called "leasing" to work around the legal tender laws. If it were legally structured as lending, then the borrower would be able to tender payment in dollars and the law and courts would consider the debt to be repaid. Clearly, no one would lend gold only to be repaid in dollars. Or worse yet, give the borrower a free option, to pay in whichever form is cheaper.
Another possible reason is the tax code. I am no tax expert, but I know that under U.S. law, the lessor does not incur capital gains if the market price of the leased property rises before the lease period is up. This is because the title to the property remains with the lessor. In a loan, a tax expert would have to opine, but the title may legally change hands and therefore there may be a capital gains tax if the price rises. This tax could easily exceed the interest, thus making a loan structure unfeasible.
I propose a third reason. Gold is not borrowed to finance business expansion or to buy machinery and real estate, much less consumer goods such as autos or a university education. Gold is not borrowed to finance purchase of long-term assets.
Businesses that specialize in gold, such as refiners, mints, and jewelers use gold leases, to enable them to carry[5] inventory or hedge inventory. These businesses operate on thin profit margins, and they cannot accept the risk of the gold price moving adversely to the dollar, in which their books are denominated.
I discussed the hedging of currency risk in detail in Theory of Interest and Prices in Paper Currency, so I will not repeat that material here. I will merely note that currency risk occurs when you are either long or short a currency that is not the numeraire of your balance sheet. If you are long the Japanese yen, and the yen drops relative to the dollar, then you incur losses. If you are short the euro and the euro rises, then you similarly take losses.
Those losses will often result in a margin call, which can drain the cash away from productive parts of the business. If they are large enough, then the firm can become insolvent. Businesses therefore buy hedges to protect themselves from these risks. The sellers of this protection themselves buy hedges. The buying and selling of hedges can go round and round, but there is no way for the risk to be eliminated. This lump stubbornly remains under the rug no matter how it's pushed this way or that.
Consider the case of the coin shop. At any given time, it carries 100 gold Eagles in inventory so that it will be ready whenever a customer walks through the front door to buy gold. To manage the risk, it sells short a gold futures contract. With this hedge in place, it has no exposure to the gold price. The shop owner can sleep easily at night, knowing that so long as he can sell coins at X dollars above the spot price, he can be consistently profitable. He has no price risk.
Jewelry manufacturers and retailers are in the same position. Refiners, mints, and gold miners also have the same risks and needs. Thin margins do not mix with a volatile gold price, as measured in their native paper currency.
There is another way to look at these businesses' use of gold. They are using gold as financing, similar in some ways to Real Bills. Recall that a Real Bill is used to finance inventory that is moving predictably towards the consumer. The baker doesn't want to borrow money to buy the flour he carries. The Bill emerged out of the market spontaneously, as a solution to this problem. The Bill enables him to carry his inventory, without him having to have the capital to own it.
The baker's issue was not volatile flour prices, but the cost of borrowing. Today, if there's one thing central banks have achieved via their spigots that gush unlimited credit-effluent, it is that dirt-cheap credit flows to bakers, coin shops, and everyone else. It is not to avoid the cost of borrowing that they carry rather than own outright their gold. It is to avoid the risk of price movement.
The analogy to Real Bills is the use of self-liquidating clearing credit. This credit finances inventory that is moving towards the consumer, and it is extinguished by the sale of the inventory. It is not quite the same as the Real Bill, but compare and contrast to bonds. Bonds are used to buy plant or other long-term assets. The credit used to buy such assets is not liquidated by the sale of these assets, but amortized over years by the sale of products produced by operating the assets.
The gold "lease rate" is conceptually closer to the discount rate of Real Bills than the interest rate of bonds.
The opposite need occurs in other businesses. For example, look at the case of a business that seeks to arbitrage a differential between the gold lease rate and the dollar interest rate. They borrow gold and sell it to obtain dollars, which they invest at the LIBOR or use to buy Treasury bonds. This is also a thin spread. Unlike the coin shop, whose concern is a falling gold price, their concern is a rising gold price. This sort of business must buy a gold futures contract to hedge that risk. It would be suicidal for any business that leased gold and sold it unhedged. Sooner or later, the falling dollar—which would be experienced by this foolish business as a rising gold price—would sink them into bankruptcy. And that's even assuming that the gold lessor of the gold would allow it.
There are other businesses that operate similarly in the gold market. And there are also arbitrageurs who straddle spreads in the gold market. For example, sometimes it is profitable to carry gold, and at other times to decarry it.
The point is that the gold lease rate is not set by the time preference of the marginal saver and the profit of the marginal entrepreneur. Savers who want to keep some of their surplus wealth in gold have only hoarding available to them. There is no such thing as a deposit account denominated in gold, paying interest in gold (if anyone is aware of such an account, please contact me).
The chief objection to holding gold expressed by most mainstream investors is, "gold has no yield". This means that there is no investing in gold, only speculation on its price. Even the gold bugs whose motto is "the dollar will hyper-inflate soon" buy gold for their belief that its price will rise. They buy it as a speculative vehicle to get more of the dollars that they claim will soon be worthless.
The point of this discussion is that the cost of gold hedging, or alternatively, something akin to the gold discount rate, is a specialty niche. Unlike a bona fide interest rate, the gold lease rate does not emerge from the actions of either savers or entrepreneurs. Nor does it arise from the actions of the consumer and the retail industry in general, as the discount rate would in the gold standard.
The issue is not just the small number of participants or the total trading volume, but the fact that the trades which give rise to the gold lease rate today are a special case, unique to gold's unnatural role under the worldwide regime of irredeemable paper.
It is interesting that the gold lease rate is not quoted directly. It is derived from two others things. It is calculated as: lease rate = LIBOR – GOFO. LIBOR is a dollar interest rate, and GOFO is the rate on a gold swap. No interest rate in the world has to be derived like this.
One should be careful not to try to read too much into the absolute level of the gold lease, or its spread to LIBOR. To wrap up this part of the discussion, let's go back to Professor Fischer's statement about the meaning of backwardation. He says that if gold is in backwardation, then that means that the gold lease rate is above the rate of interest in dollars.
I agree (with the entire discussion above as caveat), though I have one issue with that formulation. The correct definition of backwardation is when the bid on spot gold is greater than the ask on a gold futures contract. This is because backwardation in a commodity refers to when it is profitable to decarry it. This means one can sell the good in the spot market (on the bid) and buy it forward (at the ask). A positive decarry tends to correlate with negative GOFO, but not perfectly.[6] They are separate measurements. The positive decarry is the more accurate signal, not least because it is observable as a function of real market prices and is by definitional actionable. GOFO is calculated as a mean of quotes by six or more bullion banks' reported rates, and if one wished to act on it one might find the real-world rate different enough to preclude profitable action.
Professor Fischer has published another paper[7] in the time that it has taken to me to write this second part. In this paper, he makes an error that illustrates my theme in this paper.
"The interest rate at which market participants can borrow gold without posting any collateral is called the gold lease rate (GLR). It is usually denominated relative to the Dollar amount of borrowed gold. For example, if the one year GLR was at 2% and gold spot was at USD 1,200, then someone could now borrow 1 oz of gold for one year, and they would have to return 1 oz of gold plus USD 24 in one year's time. While GLR could also be expressed as a percentage of gold ounces that have to be returned, this is not commonly done. Nonetheless, it is obvious from this definition that GLR is the interest rate for borrowing gold."
The error is very subtle. He says that if you borrow one ounce of gold then you can pay back the ounce plus $24. However, $24 is not equivalent to 2% interest in gold. 0.02 ounces is 2% interest. 0.02 ounces may work out to $24, or less or far more.
The distinction between leasing and lending may not matter in many contexts. In this one—comparing the dollar interest rate to the gold lease rate—it does. If gold had a proper interest rate, then no lender would treat it repayment in gold as equivalent to repayment in dollars.
Today, gold is leased. It is leased by entities who keep their books in dollars. Repayment in dollars makes it simpler for them, and likely reduces their need to hedge. The lessor, in other words, wants a dollar income and happens to be using gold in this case to make it.
This is a good segue into the topic of gold's dual nature. In this paper we have discussed gold as a currency. Gold is also a commodity, and analysis from that perspective may shed some more light on the topic.
In Part III, we discuss gold as a commodity.
[1] Why gold's contango suggests central bank interference by Professor Tom Fischer
[5] It is no coincidence that the same word, "carry", is used to describe inventory on its way to the consumer, and also the position of buying gold spot and selling gold forward.
- Monetary Metals's blog
- Login or register to post comments
- Printer-friendly version
- Send to friend
- advertisements -
Keith, you are obviously very knowledgable about gold, but I strongly suggest you drop the "gold is a commodity" line. This is more lie than truth. Gold isn't a commodity as it has very little economic utility. And the little it has (in, for example, electronics) is being phased out. And that is precisely the point.
Gold couldn't function as that part of money, namely the store of value part -the other two being the unit of account and the medium of exchange- were it otherwise. Money is, by definition, useless except in its function as... money. This is what trips so many folks up, especially gold's detractors who slate it becauase it can't, like wheat, be fashioned into bread, or, like oil, be refined into that which powers engines. There is nothing else in the world, including silver, that has gold's profile. It has all the necessary attributes to act as the store of value par excellence. It is economically useless, with a high stock to flow ratio. It has no counterparty risk. And it is fungible, divisible, portable, malleable, and (virtually) indestructible. It doesn't hurt that it is beautiful to boot when fabricated. It is, unquestionably, a one of a kind asset, and that, not tradition, which implies nothing more than a kind of unimaginative intertia at work, is why gold has maintained its position. It is, more importantly, why it is so valuable going forward.
End of rant.
Gold is an INDUSTRIAL METAL. It serves the Financial Industry. It is as much as a commodity as Government Issued Fiat Currencies.
I think I am going to do nothing further in my by far favorite sector, but buy physical product when I can.
Consider the source. Are you buying Stolen Property? If you are buying American Eagles then you are buying STOLEN German Gold.
I think this is an important article. I will read it when I have no distractions.
Mostly unrelated to this article, I do think that the players in the financial industry are introducing complexity for the sole purpose of finding a patsy. I believe most of the financial industry has taken this as their sole method of making money...
They have taken the simple point of the "time value of money" and created a maze of corruption and deceit...
Gold "leasing" just strikes me as a fraudulent concept. If I lease you a car, say, I own it and your continued possession of it depends on your performance under the lease. If you fail to pay, I take the car. My security interest in the car is "perfected"- I have title, you don't. Therefore you can't sell the car.
Thank you Bastiat. Leasing gold without moving title, and then rehypothocating repeatedly is like selling leases on the 'brooklin bridge' that have no control over title.
They think they'll be able to buy the same car if ever the leaser asks for it. About the problem that too many cars have been leased/sold, they figure they control the guns, so it's all right.
I can see a reason for leasing for hedging purposes if you are a miner for instance. Trouble is they are leasing something that has been rehypothecated so many times that it effectively doesn't exist and never will and is nothing more than a Ponzi scheme. But never fear. The Asians will sort this out.
My security interest in the car is "perfected"- I have title, you don't...
I may not be able to sell the car, but depending on the terms on the lease, I may be able to sub-lease it to another and keep the difference.
I think the most important ball under the cup to watch is what the bis considers to be a tier 1 asset and whether gold is valued as such. That, and whether China gives a thought as to what the bis thinks.
But isn't leased gold, in fact, sold into the market? Proving that the "lessor" no longer had title and the "lessee" did have title. In other words it was never a lease but rather an unsecured loan (of gold as money).
That is the root of the underlying Fraud.
When you sell property which does not belong to you then that is THEFT...CONVERSION.
Rehypothecation is just an obfuscation of the initial theft.
The question which now needs be addressed is how much "Stolen Property" do you own? (Rhetorical...Do not answer.)
How much German Gold do you have that was minted as United States Modern day Eagles and Fractional Eagles?
In Common Law if you receive Stolen Property then the Stolen Property is seized and returned to its rightful owner. The person who receives the Stolen Property has a claim against the person whom sold the Stolen Property but does not have a claim against the rightful owner.
The rightful owner has no legal obligation to compensate the receivor for any incurred Fianacial Loss.
And it just gets worse as I can foresee that argument being played out in a United States Court of Law when they move to seize the Gold. That will be the legal justification.
That is a very Good Case for owning pre-1933 US Gold or Foreign Gold.
This just gets worse as the Fraud is revealed in Slow Motion.
That is a troubling line of reasoning, I must say. But if the "lessor" knew and condoned the sale of the "leased" gold, it would be a hard case to make. Would the "thieves" be prosecuted? I think you'd need to see the documents which govern these transactions to see if it could hold up. I suspect they allow the return of other gold, good delivery gold being fungible. I suspect from the start, in substance, these are gold loans, not leases.
I leased some air so I could get a little breathing room but someone farted nearby and fouled it up. Same with most of my investment life...
The best first paragraph I have seen for a while. After that, he works way too hard at this.
Backwardation tells us very little. In times of negative real interest rates, the slightest flow change creates small, but rarely profitable backwardation. Option arbitrage is my specialty, and I promise you, there is little to nothing worth doing at the moment.
If you want to understand gold, track the physical flows, which is mostly what the Tylers do. The data is always partial and suspect, but the consistent demand from the Middle East and India are staggering. Add China to that, and the fun begins.
The Chinese Government's Gold Policy, From The Horse's Mouth
China implements Gold accumulation plan with the military precision and appropriate attention to the detail. We should not be fooled by the reported official numbers as China uses different tools to accumulate gold reserves. Jim Rickards has addressed this issue in his interviews before and now we have another confirmation of the State-level Gold policy implemented in China. This policy stands in the very sharp contrast with the Ben Bernanke's confession that he does not have a clue what Gold really means.
China knows about the fraud in the Fractional Gold Reserve System in the West and that there is no Gold left, like case with Germany Gold repatriation clearly demonstrates, and takes no chances by taking all available physical delivery in the higher purity 1 kg Gold bars. Last year we have already witnessed the first results of this plan broad implementation with China becoming the top Gold consumer in the world. http://sufiy.blogspot.co.uk/2014/02/the-chinese-governments-gold-policy....
The Chinese Government's Gold Policy, From The Horse's Mouth
http://www.zerohedge.com/print/484431 Look at this post: Maybe China has convinced Nigeria "the fix is in", such that Nigeria's Central Bank has decided to start changing out of U$D's? Is it possible Snowden's intel had confirmed what China has suspected all along, (Fraud of Fractional Reserve Gold Ponzi) and now are convincing other resource rich Sovereigns?
I can't believe i read the Whole Thing...
I took a nap after the first paragraph.
If you don't want to read the whole thing here is the short version:
Companies which produce gold or maintain an inventory of gold can raise funds by leasing gold. This gives them a much more attractive interest rate than they would pay by borrowing dollar denominated loans. This explains a lot of the gold leasing going on.
Great; but I could give a shit less. what's a lot more interesting is the price of super bowl tickets, or hot dogs, or gasolene, or almost any kind of food. In plain English the ongoing hundred year old deterioration in the dollar.
gives them a much more attractive interest rate than they would pay by borrowing dollar denominated loans
This can only be because gold is superior collateral? At least against anything except the $. Yet the $ is junk, F-. There is no hope of the Fed redeeming its obligations for gold or anything else except more $, in the event of a run.
A Ponzi scheme no amount of long winded hyperbole can rationalise.
Good summary. That is what he is saying, but the author is a long way from proving it. There is a lot of back ground noise in short term gold pricing: the London fixing, the preference of the Arabs for trading in London, hedging habits of miners, etc.
All of that overwhelms the slight interest differential he is looking for. In any case, none of this explains why paper gold is a ridiculous multiple of commodity gold cough, cough, fraud, cough.
A better approach, if anyone has the time, would be to look at options and futures pricing of gold before and after ZIRP. That might tell us whether gold is already being monetized. A lot of work, but worth the effort.


text:
|Claim this listing
Wanted: 1-2 congenial people who are serious about their writing and would like to join our ongoing biweekly writing group.
You are:
Age: Baby Boomer. Midlife and beyond. Mature.
Your writing: Not necessarily your primary gig, but it is a serious practice. You have probably had some work published.
Currently working on: A serious book-length project.
Genre: Serious nonfiction or memoir. (But we've all tried our hands at other things. We are open minded!)
Other: Interest in music a plus.
We are:
Two men and two women who have been sharing our writing for the past six-plus years. We've each had at least one nonfiction book published by a university press or similar small, independent publisher.
Our books include: A George Gershwin biography; a feminist analysis of the early 20th century "white slavery" scare; a psychologist's Cajun music memoir, a self-help book by an attorney about separating truth from spin.
Current projects: an antiwar book; health policy and invisible disabilities; a biography of a Gershwin-era composer; family history, ethnic roots, and food as a path to understanding.
We meet every other Monday evening at a home near the North Berkeley BART. We exchange work in advance and try to offer supportive, constructive feedback.
If you are interested, please get in touch!


text:
- Rangers Report - http://rangers.lohudblogs.com -
Pock claimed by Islanders
Posted By On September 29, 2008 @ 12:42 pm In Uncategorized | 104 Comments
The Rangers knew it was a risk when they placed Thomas Pock on waivers, and it ended up costing them.
And yet even with Pock being claimed by the archrival Islanders, it's probably the best outcome for everyone involved.
Whatever upside Pock displayed as a puck-moving defensemen, it was apparent in his tenure with the team that the Rangers' brass was never too enamored with him. Whether it was an inability to process the game at an NHL speed or whispered doubts about his grit, Pock was never going to get the chance with the Rangers he'll probably get at Nassau Coliseum.
In other news, Marc Staal skated with the team in Bern today. Whether he plays tomorrow is undetermined, although seeing how the team still has decisions to make on Brian Fahey and Corey Potter, I'd be surprised.
Article printed from Rangers Report: http://rangers.lohudblogs.com
URL to article: http://rangers.lohudblogs.com/2008/09/29/pock-claimed-by-islanders/
Click here to print.