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If You're Going to Dance with the Devil, Make Sure You Pick the Music...
There are some investor meetings that can be boring and many times you walk away saying to myself "why did I even waste my time; I did not learn anything." But this meeting was different and I decided to sit in the front row. Maybe it was because Nelson Peltz was going to say a few words and I wanted to make sure I got a good look.
History may not repeat, but it certainly does rhyme; I have made this call a least a dozen times in my career and two of them in the last two years (SBUX in 2009 and EAT in 2010). Senior management is finally getting down to doing what should have been done two years ago – letting the Wendy's brand thrive on its own.
Wendy's is following the classical rinse and repeat process of successful restaurant turnaround stories: simplify operations by shedding any surplus, dilutive brands that are distracting management and focus on executing the core business to the highest level possible. Today's investor meeting shed plenty of light on the progress WEN is making on this path and, while some question marks remain, I was convinced that the painful lesson of the Arby's merger has been fully absorbed by management and they are now poised for significant growth over the longer term. The presentation, in its totality, put forth a frank account of the errors that WEN had made in terms of operations and a convincing list of steps it is now taking to turn around the concept.
The meeting obviously kicked off with Wendy's new breakfast, supplied by Wendy's, and the team was quick to tell the audience about the new rollout. According to management, the day part has the potential to add $150,000 to the concept's $2.4 million in average unit volumes. The immediate success of breakfast is not critical, to the degree that management does not build in a significant expectation on what it will add to same-store sales growth. They will only have it in 1,000 stores by the end of next year and only 2/3 of the system will be able to execute it.
The most critical element to the turnaround is management's plan to upgrade the menu to enhance the quality of its offerings. This new menu strategy focuses on introducing new products that compete with some of the more premium products and brands in the QSR segment. The company has rolled out new "natural cut" French fries that rival the style of those available at Five Guys. Additionally, the company will be rolling out a new hamburger called the "golden burger" which is expected to compete with the quality offered at In-N-Out Burger, Five Guys and other premium prices products. The new burger will be rolled out nationally during the second half of 2011. They will also follow up in the coming months with a new chicken sandwich to compete with Chick-fil-A.
While unit growth is not currently a focus it remains another vehicle through which management aims to grow the top line. WEN announced a new partnership in Argentina with Desarollo y Gestion (D&G), to open 50 franchise stores. Other opportunities are being pursued in Brazil, China, and Japan, and management is optimistic about the prospects in all three markets. Interestingly, while WEN expects earnings exposure to international markets to increase, it also plans on opening 1,000 new stores on top of the current ~6,000 unit restaurant base.
Aiming for operational excellence was a key theme of the presentation and management outlined how it can have the obvious benefit on margins but also on top line trends. One fine example is the drive-through window. WEN detailed the significant uptick in sales seen as operational creases were ironed out and speed-of-service times were reduced. I'm assuming it is for Wendy's in the U.S., but management said that 67% of sales are made at the pickup window.
Management is also using a pricing model to best calculate stores where there is room for pricing versus those stores where a price increase would likely result in a drop off in traffic. Remodels are another strategy that the company is following to support sales; 75 remodels are scheduled for 2011.
The presentation elaborated briefly on the current standing of the share repurchase program, which was, of course, interrupted because of the filing of a 13-D by Trian, WEN's largest shareholder. For this reason, it was explained, there were no stock repurchases in the fourth quarter. The current intention is for repurchases to resume as soon as possible.
In terms of outlook, management reiterated the guidance disclosed in yesterday's preannouncement of 4Q and FY2010 earnings. For 2011, the company outlook expects same-store sales growth of 1-3% at Wendy's North America company-operated restaurants and an improvement of 30 to 60 basis points in Wendy's company-operated margins. Capex is projected to be $145 million. Unit development is expected to include 20 company stores in North America, 45 franchise stores, and approximately 50 international franchise stores. From a cash flow perspective, the company aims to produce annual EBITDA growth of 10-15%, beginning in 2012. Commodity inflation is projected to be around 2-3% for the company with beef costs impacting on approximately a one-month lag basis. Chicken is contracted out on an annual basis and will offset some of the inflation beef is causing in the commodity basket presently.
While focusing on simplifying the menu and the process (Burgers, Fries, Cokes), the chain is also focusing on simplifying the marketing strategy. Using the namesake of the brand and daughter of the founder, Wendy Thomas, in select advertising is just one of the initiatives management is using to heighten WEN's profile among QSR customers of which, according to the presentation, 60 million visit QSR restaurants 4 or 5 times per week in the U.S.
The most positive and all-important take away from this investor day was the resounding "yes" management gave to me in response to my question about whether or not this definitively meant that Wendy's, as a concept, would now be given sole attention of management and room to breathe. The response was important and the benefits obvious. Management teams across the space are generally better served focusing on a few simple operational tasks and executing on them clinically. The sale of Arby's allows WEN to forget about trying to right the wrongs of Arby's and invest capital and management time into Wendy's. Of course, from a dollar perspective, the reduction of corporate G&A to support a single brand is also a positive. Beyond that, focusing on the core menu will also yield benefits. Hamburgers, fries, salads, value, and chicken comprise 70% of total sales for WEN. That is a slice of the pie worth getting right.
As with all turnarounds there is always the X-factor. The X-factor in this case is the implication(s) this has for the employees and the franchise system. You generally see most people be revitalized by the new initiatives and the stores tend to see a higher level of execution and the turnaround progresses. This is why when the ball starts rolling it goes further and lasts longer than most expect it to. This was clearly evident in the most recent quarter that SBUX reported.
We will have more details around valuation in the coming days.
Howard Penney
Managing Director
There's very little to punish UA for here. UA is giving the bulls all they need to keep the faith that this company will double over 3-years. But cash flow is eroding on the margin. That's caused some pain in the past. Put your risk management hats on.
You gotta hand it to these guys...seriously. They crushed expectations, and it was not because they set crushable guidance over lackluster performance. This thing legitamently reaccelerated its top line to 36% (and by 12,000bps sequentially on a 2-yr run rate). EBIT grew 31% and EPS by 34%. Yes folks, that's organic. It's not because of one of these poor quality acquisitions that are blanketing the market, FX, or stripping the cost structure clean in anticipation of being LBO'd. UA is the real deal. That's not real news to us, as it was one of our top names last year. But we hopped off early on 10/26 (see our note, UA: The Gap is Gone) at about $48 – content at a 2-bagger in six months at a time when 1) the consensus estimates moved up to our level, 2) we started to see headwinds on athlete endorsement costs, and 3) UA was in the heat of launching it's first real cotton product at a time when cotton costs were up three standard deviations from the mean. We were wrong.
One thing that has changed in the market, and in retail in particular, is the premium people are willing to pay for organic growth. In retail, that's UA, URBN, LULU. Levine and I are often asked about these three in the same sentence. One thing to consider is that UA's model is far more exportable, and can appear to a larger audience globally. Let's face some facts, they've blown it thus far going international. But UA is sticking its nose into a global duopoly (Nike and Adidas) where the primary channel would love nothing more that great quality product from a high-end US brand. Also, find me anyone that would take the other side of the debate that UA could add another $400mm in footwear sales over 2-3 years on top of a billion dollar apparel business.
So what are our thoughts with the stock near $60? Pretty much unchanged. The company has got great product momentum, and along with Nike, Footlocker, Dick's, Sports Authority, and Hibbett, we should see both the space and this company materially outperform into 2011. If you want to short on valuation, then be our guest. But it's probably gonna hurt. I heard people say "sorry, it's too expensive for me" at $20, $30, $40, and $50. Why not $70?
One thing to consider is that the biggest moves in this stock over time have happened at peak/trough cash cycles. Think about it some of the BIG calls on UA in the past.
Therein lies the Bear Case:
"Top line growth is astounding today. But the cash cycle is weakening on the margin. Growth in company stores is accelerating, which means higher capex and working capital. The company already guided to top line growth of 25-27%, which is above its long term range. Heck, maybe that means its true intention is for 30%+ growth. But otherwise why raise expectations at the very start of what is going to be one of the years in retail with more pin action than we've seen in a while. If operating margins OR asset turns peak and roll (like our SIGMA shows yellow flags of doing) then the other will have to accelerate just as much in the other direction in order to offset erosion in RNOA. That will be a painful day to hold UA."
When we net it all out, we think that the Bull case will prevail, but certainly at a heightened level of risk relative to where this name was for most of last year. We think this is a 'do nothing' stock right now. What's funny is that 'do nothing' is actually positive on a relative basis compared to the rest of retail.
Review of the Quarter
Revenue Growth: Revenue growth was impressive up +36%, but more impressive was the fact that it came from every category – including footwear. New product introductions will continue to be the primary growth driver including the company's new Charged Cotton shirt (end of Q1) and additional footwear introductions on top of a full year of basketball sales. Very few companies in retail can come close to posting this type of sustainable top-line growth.
Direct-to-Consumer: Plans are accelerating here with management now expecting to add 25 stores in 2011 up from ~20 last quarter off a base of only 54 stores. With sales per store averaging ~$5mm per annum, Direct sales have quickly become a major growth driver accounting for 10% of growth in 2010 and is likely to drive a similar if not accelerated rate in 2011 with the majority of stores entering years 2 and 3 becoming increasingly more productive.
Margin Pressure(s): It's no surprise that gross margins will face increasing pressure over the next 12-months, but higher investment spending is clearly in the plan for 2011 masking the margin expansion opportunity that comes from 20%+ top-line growth near-term. As such, guidance implies 10-50bps of EBIT margin expansion in 2011, which appears optimistic if not at the expense of lower marketing spend at year end. In addition to higher sourcing and labor costs in the 2H, the company will also be challenged by mix shift as footwear continues to grow particularly in Q2 offset in part by higher DTC revenues as well.
Inventories: With 45% growth on a 36% increase in revenues and further growth expected in the 1H, inventory risk remains a concern near-term. While the majority of growth is due to investments in core auto replenishment inventory, the reality is that at these levels the company is at a considerable risk if sales don't materialize as expected. It's also worth noting that aged inventory is half the size at year end compared to last year suggesting product is more current and would be easier to liquidate if need be.
The total percentage of successful long and short trading signals since the inception of Real-Time Alerts in August of 2008.
Conclusions: As we noted a week ago, the Jasmine Revolution has the potential to go global, and it has. This week we've seen massive protests in Egypt, the world's 27th largest economy. The Egyptian stock market is down 16% in the last three days.
On January 20th in an Early Look (some of this data is replayed below), we discussed the idea that Tunisian protests could represent a tipping point for civil unrest in emerging markets. These protests, or what is now being called the Jasmine Revolution, began on December 17th with the self-immolation of Mohammed Bouazizi (after police confiscated his unlicensed food stand) and ended on January 14th with current President Ben Ali fleeing the country for Saudi Arabia. In the last week, we have seen protests accelerate in emerging markets, and this may just be the beginning.
Tunisia had seen steady economic growth from 1999 to 2008 with average annual GDP growth of 4.9%, until a deceleration in 2009 to 3.1%. The natural outcome of a deceleration in economic growth is a freeing up of capacity in the economy. In Tunisia, almost 50% of the economy is driven by services, which is effectively "people" power.
So, as the economy in Tunisia has slowed, unemployment has picked up to 14.1%. In conjunction with slowing growth and high unemployment, we have also seen basic commodity prices accelerate in the last year – copper up 24%, tin up 58%, wheat up 68%, cotton up 131%, and palm oil up 53%, to name a few. In economic parlance, this combination of accelerating inflation, slow growth, and high unemployment is called Jobless Stagflation.
In democracies with longstanding institutions of law and government, Jobless Stagflation often leads to protest and change, similar to the change we saw in the recent midterm elections in the United States, where the Republican Party gained control of the House of Representatives. The people demanded change in the United States and they went to the polls to get it. In nations like Tunisia, this mechanism for change (free and open elections) does not exist, so the people went to the streets and demanded it.
Civil unrest as an outlet for protest against the government exacerbated when the population is youthful. As healthcare broadly improved in these Africa and the Middle East in the late 1960s, birth rates went up dramatically. Currently, it is estimated that around 65% of the regional population is under the age of 30.
In the Early Look last week, we posited the rhetorical question: could the Jasmine Revolution become a primary export of Tunisia? The evidence early seems to suggest that the Jasmine Revolution is already spreading across the region; the most supportive evidence is coming from Egypt.
Over the last three days, there have been massive protests in Egypt against the autocratic regime of President Hosni Mubarak. These protests are being driven by economic concerns, primarily spiraling costs of living (read: inflation). As the costs go up, the underemployed and underpaid youthful population naturally vents, and in an autocratic regime they have no outlet other than, at least in their minds, to take to the streets. No doubt the successful revolution in Tunisian was a catalyst for the Egyptian revolts; the success of overthrowing the Tunisian government has emboldened protestors across the region. To wit, protests are occurring and growing in Yemen and Jordan as well.
Unlike Tunisia, Egypt is a country that matters on the global economic stage; it's the 27th largest economy in the world with a GDP of $470BN (2009). As well, the markets are signaling that there is more to come in Egypt, as the stock market there has reached its lowest level since July 2010, falling 16% in the last two days. Further, credit default swaps, insurance on Egyptian government debt, have surged 15% in the last week.
The powder keg of high unemployment, youthful citizens, rising inflation, and limited democratic institutions are endemic to Africa and the Middle East. Tunisia appears to be the flint that lit the powder keg. As protests continue over the coming days and weeks, we expect the mantra "We are all Tunisians now" to expand across the region, as the Jasmine Revolution becomes Tunisia's top export.
Daryl G. Jones
Managing Director
Conclusion: From a secular perspective, Japan's economy continues to implode. The acceleration of that implosion towards the Keynesian endgame is arguably the largest TAIL risk to the global economy.
Position: Bearish on Japanese Equities; Bearish on the Japanese yen; Bullish on Japanese CDS.
This morning, Standard & Poor's came out with yet another lagging downgrade that seems to have caught the US financial media's attention. By cutting Japan's credit rating to AA-, Standard & Poor's reminded us all what we already knew:
Japan's economy is imploding in slow motion. Slowly, but surely, Japan is reaching the Keynesian endgame.
For the sake of not making too much of a deal about a late downgrade, we'll spare you with the details on why we feel this way. Please refer to our 4Q10 Key Macro Theme of Japan's Jugular for the work behind our implicit downgrade of Japan's credit, currency and equity market. The presentation, originally published on October 5th, can be accessed here:
Replay Podcast (starts around 9th minute): https://www.hedgeye.com/feed_items/9746
[To access the podcast, you may have to copy/paste the link into the URL of your browser.]
Slides (12-34): http://docs.hedgeye.com/Q4%202010%20THEMES.pdf
Two alarming datapoints that hit our screens over the past couple of weeks were Japan's widening central government budget deficit and subsequent burgeoning debt issuance. According to the Japan's Finance Ministry, Japan's budget deficit is forecast to grow to ¥51.8 trillion yen (~$630B) in FY13 and ¥54.2 trillion yen (~$660) in FY14. [For reference, FY13 starts April 1, 2012.]
When put into the context of a ratio, Japan could be running a PIIGS-like ~11%-12% deficit to GDP in a little over a year. Looking closer to this upcoming fiscal year, which begins on April 1st, Japan's relentless acceleration in deficit spending has Japan's Finance Ministry upping its projected debt burden +5.8% YoY to 997.7 trillion yen, or roughly 215-220% of GDP.
Japan bulls point to the fact 90% of Japanese government debt is financed through its domestic population of savers, making it less likely to experience a dangerous back up in yields or default. As we've shown in the aforementioned presentation, that tailwind is rotating on the margin towards becoming a headwind as a result of unfavorable demographics. We saw signs of this trend starting last year, with Japan's largest pension funds selling assets and joining the global search for yield to meet payout obligations.
This will only accelerate over the next 20-30 years, with the next ten likely being a real wake up call for global investors. Currently, the ratio of retirees to working-age Japanese is equal to 35.5%. In just ten years time, that ratio will be equal to 48%. In a society notorious for luxurious pension packages, going from a 3-to-1 base in potential contributors to a near 2-to-1 base in a matter of just ten years means the domestic demand for JGBs bulls consistently refer to will decline by nearly 1/3rd.
All told, we foresee a major supply/demand imbalance for Japanese government debt and, in our opinion, this imbalance is one of the largest long-term TAIL risks to the global economy. But don't take our word for it:
"The financial state of our nation is becoming increasingly severe. Fiscal management that depends excessively on bond issuance is becoming too difficult." – Japan's Finance Minister Yoshihiko Noda, January 24, 2011
"The government must fix its finances to avoid a debt crisis that could trigger a global depression." – Japan's Vice Finance Minister Fumihiko Igarashi, January 2011
Obviously, we think it pays to pay attention here.
Darius Dale
Position: Short Italy (EWI); Short Euro (FXE)
Conclusion: Our current short positions in the Hedgeye Virtual Portfolio of Italy via the etf (EWI) and the Euro (FXE) are working against us as Europe gets a confidence boost from Asian debt demand, positive speculation on a future bailout package for the region, and increased sentiment from ECB President Trichet to fight inflation (ie raise rates) which is supportive for the common currency.
We see this development potentially continuing to play out in the immediate-term, however over the intermediate-term TREND our negative outlook on Europe, especially for the countries with high fiscal imbalances (Italy, Spain, and Portugal), remains intact; the credit market and recent fundaments provide supporting evidence. Our TRADE (3 weeks or less) range on the EUR-USD of $1.35-$1.37.
Don't Fight these Forces, Near-Term
As an update on our recent work on Europe, it's clear that European equities (especially the PIIGS) and the EUR versus major currencies (particularly the USD) are getting a sizable near-term boost. While our thesis remains intact that the region's debt imbalances will weigh to the downside on capital market performance over the next 3-5 years, recent strength in European equities and the common currency can't be ignored, and we think they're primarily a function of:
1. A pledge by Japan and China to buy European debt in the first half of January:
- And Asian investors followed through on their promises – in the first auction from the European Financial Stability Facility (rated AAA) on January 25th of €5 Billion 5-year bonds @ 2.89% the Japanese government bought 20% of the issue, with Asian investors snapping up a full 38%. The auction drew considerable demand at €44.5 Billion!
2. Bullish speculation on a "comprehensive package" to tackle Europe's sovereign debt crisis:
- European Ministers have said that a package to revise the EFSF and map out a permanent mechanism to replace it in 2013 and tighten fiscal rules should be decided on by late March when the European Summit convenes.
- Proposals for this package include:
3. Hawkish commentary from ECB President Jean-Claude Trichet:
- Following the ECB rate decision on 1/13 and in recent interviews at Davos, Trichet is signaling to the market that he 1.) Recognizes rising inflation (particularly in commodities), and is 2.) Determined (as ever) to maintain price stability over the "medium term" to address these pressures. This position diverges greatly from Bernanke's stance in the US!
- In a separate note we'll be addressing the timing of an ECB rate hike, however the chart below of the 2YR German Note provides a telling inflection that a hike in the near-term is being priced in. The yield is up a full +50bps since the end of last year.
Here's the equity performance of the PIIGS since 1/10:
Beware: Long-Term, Sovereign Debt Issues Persist
Over the long term we see significant headwinds from the developing sovereign debt crisis in Europe. We think this "crisis" has a tail of 3-5 years. We don't see politicians allowing for the failure of the Eurozone member states or the Euro, however what's clear is that the long road to tighten up the fiscal imbalance of member countries, and construct frameworks to more effectively govern the unequal economies joined under monetary policy and currency will be a great challenge.
We're not of the opinion that governments across the region will be able to meet their debt and deficit reduction targets over the next 2-4 years. One clear signal we've witnessed for the last year is a trend of rising credit yields for the PIIGS despite bailouts in Greece and Ireland. We think Portugal, Spain, and Italy are next on the block.
As the chart above demonstrates, rising yields put increased pressure on the sovereigns as they issue new debt, and so begins the viscous cycle of nations chasing yields higher to capture demand to meet future obligations. We've seen, using Greece and Ireland as examples, that a yield of 7% or above is a critical inflection line -- in both cases after the line was violated to the upside, a bailout came in mere weeks.
While we applaud the concurrent austerity programs throughout Europe to suppress spending and increase revenue vis-à-vis tax hikes, slower growth (and therefore less revenue) should follow, another headwind for fiscally imbalanced countries (and their equity markets) that have sizable debt obligations due this year and next (see chart).
Matthew Hedrick
Relied upon by big institutional and individual investors across the world, this granular morning newsletter distills the latest and most vital market developments and insures that you are always in the know.


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SANFORD — Cameron Small, Dan Almquist and Joe Burnham picked up wins to help the Sanford High School golf team defeat Massabesic 8-5 last Monday, Sept. 23. The locals followed up with a 9.5-3.5 win over Noble, improving Sanford's record to 5-1.
Small shot a 42 in the Massabesic match, while Burnham shot a 48 and Almquist finished with a 51.
Andrew Lee defeated his Sanford opponent, shooting a 44 in the process, while teammates Zack Ohmeis and Caleb Campbell also prevailed, shooting a 51 and 48, respectively.
Sanford captured the medal with a 242-254 mark.
In the win over Noble, Cam Small halved Waterman in match play, while Jake White won 4 and 2 and Almquist halved Butler. Burnham prevailed 4 and 3, while Matt Small won, 2-up.
In medal play, Small won, 45-47, White won, 46-52, Burnham won, 52-65 and Matt Small won, 67-69.
The team medal went to Sanford, 266-277.
SHS golfers defeat Massabesic, Noble
Sep 26, 2013 at 3:15 AM

subset: commoncrawl


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COGEN Europe is pleased to announce its upcoming Annual Conference & Dinner 2012.
Energy Transparency Award (ETA) 2012
Event Type
Organiser type
Event Location
Event Description
Energy Transparency Award (ETA) 2012, a competition organized by the Florence School of Regulation (EUI) aiming at highlighting the importance of transparency in European Energy Markets.
The Call for Nomination is open until 30 September 2012, submit your nomination now!. The Winner of the Award will be announced at the Energy Transparency Award Ceremony on 13 November 2012 at the ETA Ceremony in Brussels.
I would be grateful if you could publish the announcement as soon as possible and provide me with a screenshot or a link to the announcement.
For further information please visit the webpage: http://www.florence-school.eu/portal/page/portal/FSR_HOME/ENERGY/Energy_Market_Transparency_Award
Related Events
On behalf of MEP Boguslaw Sonik, the rapporteur on "Environmental impacts of shale gas extraction" we have the pleasure to invite you to a presentation by The International Energy Agency of the report on the "Golden Rules for a Golden Age of Gas".
Learn more about the role of polyurethane insulation in reducing the energy consumption of houses by 85% and how the passive house movement fits into the ongoing policy initiatives to create a more sustainable Europe.
Public Participative Event
Energy Solutions in Rural and Mountain Areas
19 June 2012 - 2.00 pm to 5.30 pm
Scotland House
6 Rond Point Schuman
The Future Development of Renewable Electricity Support Schemes - How and when should they converge?
The debate around shale gas development in Europe remains in its infancy, however it is seen by many as a "game-changer" in terms of energy security, tackling climate change and in facilitating the development of renewables (as a best placed partner).
Renovating the existing EU building stock is a real economic opportunity for Europe. It is a revenue-generating
activity which contributes to urban renewal, strengthens social cohesion, boosts economic growth by creating
We are pleased to invite you at the conference:
The global renewable energy industry: companies' strategies and market trends
16 October 2012, Brussels
European Commission headquarters
Berlaymont building – Schuman room
Securing Europe's Raw Material Supply in the Context of Resource Efficiency and EU Industry Policy
There is no energy- and resource efficiency, no climate protection, no future technologies for our modern
world without the use of non-ferrous metals.
As a result of the Fukushima nuclear disaster Germany decided to phase out nuclear power by 2022. 8 out of 17 nuclear power stations have already been shut down permanently. Renewable energies will be expanded massively and will bear the brunt of future power generation.


text:
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- rated 2.65 / 5 stars
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Credits & Info
- Uploaded
- Nov 21, 2006 | 8:50 PM EST
If you liked this, check these out!
Captain Jack! by heartless-mushroom
- Movie
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Supermega angry smashfest by heartless-mushroom
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Author Comments
ATTENTION EVERYONE! I displayed this as a game for accident! this is a movie!
My second animutation.
It is short, but sweet.
(Find the secrets!)
Rated 5 / 5 stars
Simplemente genial
Me gustó bastante, ya era hora de que hicieras otra despues de hacer "Captain Jack". Me dio gusto por fin ver una animutacion en español. Buenas graficas, buena musica y letra falsa muy buena, buen trabajo.
¿Soy yo o ese del final era Chabelo?
Como sea, ya la añadí a mis favoritos.
Gracias por añadirlo atus favoritos
Y , si , ese del final era Cabelo XD
Rated 5 / 5 stars
It's about time a new animutation came along. I liked this. A winner is you.
Thanks! :D
Rated 4 / 5 stars
Title says it all :D
Good luck, my friend, keep the practice up!
thanks :D
Rated 3.5 / 5 stars
That was kinda cool
Not my favorite animutation, but I preferred it to Captain Jack. The song was pretty good and your mondegreens were nice, and after a few times it started to seem shorter. Heh.
Rated 3 / 5 stars
It's cool and all, but heed my words...
If you don't warn people that if they're epiletic, they might pass out or get a seizure. EbaumsWorld (the dirty bastards that stole stuff from Newgrounds) almost got sued for an epilepsy test thing without warning that epiletic people could get a seizure. You might get sued, too, so add it in to your description so you'll win in court.
Oh thanks! I almost forgot dude! thanks!


text:
Israel blocks US iPad imports
Israel has banned Apple's iPad from entering the country from the US and has threatened to confiscate the newly released devices from passengers at airports.
Israel has banned Apple's iPad from entering the country from the US and has threatened to confiscate the newly released devices from passengers at airports.
Defining the datacentre needs of 21st century enterprises
A collection of our most popular articles on datacentre management, including: Cloud vs. Colocation: Why both make sense for the enterprise right now; AWS at 10: How the cloud giant shook up enterprise IT and Life on the edge: The benefits of using micro datacenters
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The official reason is that the iPad's wi-fi system is incompatible with Israel's wireless standard and authorities claim it could damage the network, according to the Financial Times.
Apple has not commented on the ban, but this week announced that the international roll-out of the iPad will be delayed by a month because of high US demand.
The company said it would not announce international pricing or start taking pre-orders until 10 May, indicating general availability only towards the end of the month.
Only a wi-fi version of the device has been released so far. A 3G version is expected to launch in the US at the end of April.
Enjoy the benefits of CW+ membership, learn more and join.


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So, what is Affiliate Marketing?
Affiliate Marketing is the selling of other peoples product in exchange for a commission. For example, a salesperson sells car, insurance, houses etc in exchange for a commission. The good news is you do not have to carry this task physically, you can do this in the comfort of your own home. There is no product to carry or store. A code will be assigned to you when you join an affiliate program on a chosen niche.
For example, If you are interested or passionate about dogs, you may like to join a dog training affiliate program, skin care program, parenting program or health and fitness program.
Your Mindset
The first important step is to have the right mindset and a strong will to succeed. The next step is to learn about Affiliate Marketing. Educate yourself by searching the web for free information. Simply type "Affiliate Marketing or Internet Marketing".
Learning from successful people is the fastest way to get started. There are marketing seminar, online or offline courses to help you fast track your idea. The advantage of learning from the expert is that, they have already come up with a successful systems for you to follow. You can obviously try to figure out everything by yourself which may take months or years.


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West Texas Endurance to Host Willie McCool Memorial Half Marathon & 5K
West Texas Endurance to HOST
lubbock, texas, JANUARY 16, 2013: West Texas Endurance is pleased to host the Willie McCool Memorial Half Marathon & 5K. They were joined by Drs. Audrey and Barry McCool, parents of Willie McCool, in making the announcement.
DATE: Sat., April 6, 2013
TIME: 8 a.m.
WHERE: Silent Wings Museum
"We are delighted to have this race named after our son. Long distance running helped forge the man that Willie McCool would become. Running at Coronado High School was key to his going to the Naval Academy," said his parents, Audrey and Barry McCool. "He met his future wife through running; running was always in his heart and an important part of his life. I hope this race will inspire others to follow their dreams and enjoy the benefits of running in their lives."
Ainsley Nelson, a principal of West Texas Endurance, said "It is an honor to present the Willie McCool Memorial Half Marathon & 5K in Lubbock. It gives each of us an opportunity to remember a great man who loved running. By including a 5K, this race will allow almost anyone to participate, while remembering a true American hero and race in his memory."
West Texas Endurance is a full service event production company based in the hub of the South Plains - Lubbock, Texas. We offer running events for the family and endurance races such as half marathons, triathlons, duathlons, mud runs and more! West Texas Endurance hosted many successful events in its first year, including the Hub City Mud Run, the HOWL-O-WEEN Dog Run and the Carol of Lights Run. Our 2013 Calendar of Events is available at www.westtexasendurance.com
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You're out on your lunch break, hurrying along the street to get a sandwich. In your peripheral vision looms a man sitting huddled, begging and dirty on the pavement. What do you do? Do you avert your eyes, dip in for some change or greet them with a polite apology?
I am usually one of the glazed pedestrians who shuffle past and mentally block out the few seconds it takes to pass him or her, and I know deep down that I'm probably employing a wilful suspension of empathy.
When I walk past a homeless person, I – and many others, I imagine – block them out, or force myself to think that being homeless surely isn't as sh*t as it looks, that they know how to cope with it better than I, that they are from a different walk of life, that they somehow deserve it, that they brought it
on themselves? And besides, if I
stopped for every homeless person I saw, I'd be forever stopping. And that allows me to walk past, once again, when really a fiver or a cup of tea won't make a big difference to my day, but might do to theirs.
But I'm not sure how long I can continue to ignore the obvious. Homelessness levels in this country have reached shocking new highs, and are being exacerbated further by local government cuts. The number of homeless people in Worcester has risen by 60 per cent in four years, but housing-related support has been cut by almost half. Torquay council has warned that dozens of homeless people will die on the streets if their supported housing budget is slashed. Hertsmere borough council revealed that in the past year alone homelessness in the borough increased by 51 per cent. From Mansfield to Exeter, Northampton to Crewe, Kent to Glasgow, hopeless homeless stories abound.
And those we recognise as "homeless" – the people literally sleeping rough in the streets – are only the tip of the iceberg. According to the latest government figures on homelessness, released today, 2,100 families without a home in England were living in emergency bed and breakfast accommodation, the highest number for a decade. In addition to this, total number of families living in all forms of temporary accommodation in England at the end of September rose by five per cent on the same time last year. These new statistics mean that nearly 85,000 children in Britain face the reality of waking up homeless this Christmas morning.
No matter how terrible the thought of being homeless is, the fact is that it's very much possible to slip down a rung in the ladder and possibly fall off the bottom. Last year, Panorama's Britain's Hidden Housing Crisis showed how quickly the loss of a job or an illness could lead to a house repossession and as Wall Street banker turned rough sleeper Kevin Browne said: "Nobody ever really thinks anything good that happens to them in life is going to end."
Although in today's Autumn Statement George Osborne promised £1bn in loans for large housing developments and a raising of council borrowing caps for new homes, he also announced a new cap on total welfare spending and warned that the "vast majority" of housing benefit will be included.
The current welfare cuts and the soaring cost of housing means councils are finding it difficult to find suitable temporary accommodation for those who need it, a situation which has resulted in the current deluge of families in B&Bs or hostels and the hundreds more homeless people on the streets. Just as I need to face up to the fact that homeless people are individual human beings, the Coalition should get to grips with the fact that far more must be done to help those struggling to find affordable housing, those who are homeless and those in real danger of becoming so.


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Oregon State University has paid $1,000 plus $100,000 in legal fees to a former student to settle a lawsuit over the confiscation of distribution boxes for a conservative-leaning student newspaper.
Supporters of the newspaper called The Liberty sued the school in 2009, alleging the university president and other school officials granted the official campus newspaper numerous bins while restricting The Liberty's distribution.
The suit alleged that school officials confiscated distribution bins for The Liberty and tossed them onto a trash heap. The bins, which contained copies of the paper, were allegedly removed without notice and thrown next to a dumpster.
Lower-ranking campus officials said they removed The Liberty's boxes to beautify the campus, but distribution bins for the campus paper were reportedly left untouched. Top school officials said they had not ordered the destruction.
The 9th U.S. Circuit Court of Appeals had revived the lawsuit after a U.S. District Court judge dismissed it. The appeals court ruled that it had "little trouble finding constitutional violations" and that the university's policy that led to the alleged trashing "materialized like a bolt out of the blue."
The Oregonian reported that the university did not acknowledge wrongdoing but agreed to the six-figure payout to William Rogers to end the lawsuit, which was dismissed Wednesday.
Months after the lawsuit was filed by Alliance Defending Freedom, a legal firm specializing in religious liberty cases, the university changed its policies to allow approved student groups that publish newspapers to distribute them on campus.
"We hope this case will encourage public officials everywhere to respect the freedom of students to engage in the marketplace of ideas that a public university is supposed to be," David Hacker, an attorney with the Arizona-based group said in a statement. "The university has done the right thing, not only through changing their unconstitutional policy, but also by compensating the students for the violation of their First Amendment freedoms."
Rogers was the paper's executive editor at the time. The Oregonian reported that The Liberty ceased operations at Oregon State after 2009.
The Associated Press contributed to this report.
Click here for more from The Oregonian.


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From the moment Javier Bardem first appeared in a trailer for Skyfall, his villain already seemed unforgettable. With bleached blond hair and a sharp white suit, Silva was the kind of baddie that Bond has wrestled with for ages, powerful and a little bit crazy and prone to plots that are less logical than fantastic to watch. But when you see Skyfall it's also clear that Silva is like no other villain Bond has faced before. He's coming into the film with a personal agenda against M, and instead of wanting to take over the world, he simply wants to watch her hurt. Also, is it possible he has the hots for Bond?
Bardem won an Oscar for creating the iconic villain Anton Chigurh in No Country For Old Men, but as Silva he may have actually topped himself, running through Skyfall with such energy and charisma that you actually miss him when he's offscreen. But of course, when I asked Bardem about all the fascinating layers he brought to the character, he actually had the audacity to claim "It was all there on the page." You can decide if you believe him or not by watching our conversation below, in which I ask about the already infamous scene in which he caresses the Adam's apple of a tied-up Bond, any fears he might have had taking on another big villain performance, and what makes his character so ruthless and driven. Skyfall, as you probably know by now, is in theaters everywhere. You really ought to go see it.
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text: Climb Europe's Highest Mountain From Your Bed With Google Street ViewChris Mills1/24/16 11:31pmFiled to: street viewgooglegoogle street viewmont blanc41EditPromoteShare to KinjaToggle Conversation toolsGo to permalink Google's all-seeing cameras have seen a lot more than just the streets: scary mountains, underwater gardens, and Venetian canals have all been visited before, and with the help of an elite team of mountaineers, Google can take you all around Mont Blanc, the 15,777-ft high point of Europe. Advertisement Unlike previous Street View outings, Google went for a more all-encompassing look at Mont Blanc. Rather than just following one route up the mountain, Google teamed up with elite climbers like Ueli Steck, skier Candide Thovex, and ultra-runner Killian Jornet. Between them, they show off a less well-known side of a mountain that's primarily known as a tourist attraction. There's also a neat educational aspect: the Alps are being changed beyond recognition by climate change, with once-dominant glaciers retreating into a shadow of their former selves. Street View can't exactly fix that, but if there's any chance that yet more photos of retreating glaciers can educate a few more people, maybe it's worth a try. Advertisement [Google]Reply4 repliesLeave a reply


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Monday, October 04, 2010
It's beginning to look a lot like...
22 comments:
Christmas??? I'm happy for your good news, but not at all ready to think about the approach of Christmas. I have too much to do before then. Seriously, happy birthday to your husband and congratulations on the contract. That's exciting!
We have a collection of Christmas movies that we watch every year. It's a Wonderful Life and Miracle on 34th Street are two of my favourite old ones, and How the Grinch Stole Christmas is a favourite newer one.This is the second "Christmas" post I read today - oh dear. so not ready to be even thinking about it, but congrats on the story.
I have to say that one of my favorite stories is It's a Wondeful Life. But, one of my favorite channels to watch during the holidays is Hallmark because there are new movies every year.Amy told me I must head over to your blog because I too wrote a Christmas post today (ladyscribes.blogspot.com, if you're interested :)) I think A Christmas Carol probably wins favorite Christmas story for me. I love movie adaptations of it, my favorites being A Muppet Christmas Carol and the new one with Jim Carrey. Best of luck on your new story!!
ReplyDeleteCool! Congrats Erica! I always watch the following movies at Christmas when I'm wrapping gifts: It's a Wonderful Life, A Christmas Story, The Nativity Story, White Christmas and Elf. And while I am not proud of it I have actually never seen A Miracle on 34th Street. Now THAT's weird Heather!
ReplyDeleteWendy ~ Thank you! I love IAWL. Jimmy Stewart is a big favorite of mine.
CJ~ Thanks for being my first reader! I love the Grinch. When he pats Cindylu Who on the head and sends her to bed with a cup of water...
Cindy ~ I love Christmas stories too. I always love getting the CBD Fall fiction catalog and perusing the new Christmas books.Jerrica ~ Thanks for the invite to see your blog! Loved your post, and your baby is adorable!
Georgiana ~ I'm hoping you get to read it SOON! :)
T.Anne ~ That phrase came from our college days (back in the Dark Ages) My son, when he was little, translated it as "I love you with all my heart and a piece of my liberty." :)