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Carom Billiards
The 1993 World Billiard Association (BWA) three-cushion championship was won by an American for the first time in 40 years at the BWA's World Cup in Ghent, Belgium. Sang Chun Lee, a native South Korean who moved to New York City in 1987, won the crown despite lagging in cumulative tour scoring at the onset of the sixth and final tour stop. The 39-year-old Lee trailed both 21-time world titlist Raymond Ceulemans of Belgium and defending champion Torbjorn Blomdahl of Sweden in the standings. But an upset of three-time winner Blomdahl by Raimond Burgman of The Netherlands in the first round, coupled with Ceulemans' fall to his fellow Belgian Fredric Caudron in the second round, opened the door for Lee to claim his first world championship with a final match victory over Caudron. He did so with a powerful four-set win, 15-4, 6-15, 15-6, 15-8, averaging 1.457 points per inning (PPI). Blomdahl was the runner-up, and Ceulemans finished third.
Lee also played host and promoter of two World Open three-cushion tournaments in New York City. In the first, Caudron, ranked seventh in the world, averaged a somewhat modest 1.303 PPI but won key close matches to finish first with an 8-1 record. Lee was second with a sizzling 1.749 PPI average. The second event, won by Blomdahl with a 6-1 finish, saw these new records set: 50 points in 14 innings (U.S. record) by Semih Sayginer of Turkey; 60 points in 18 innings (world mark) by Blomdahl; 1.370-PPI field grand average for eight-player round-robin tournament (world); 82 points by two players, Sayginer and Lee, in 14 innings (world). Sayginer claimed second place with a 5-2 mark.
It was Lee in the winner's circle again at the U.S. national three-cushion championship in Chicago. The 24-player test was won for the fifth time by Lee in a play-off with Carlos Hallon of Miami, Fla., after both players finished round-robin play with 6-1 records.
Pocket Billiards
Pocket billiards in the U.S. continued to be the scene (and perhaps the victim) of unceasing turmoil and discontent as several groups and factions vied for control. At stake was control of the player groups that seemingly were the key to a long-awaited financial breakthrough for the sport. Several changes in leadership of the most prominent player and promotion groups again took place during 1994, some with alarming dispatch. The year ended with little apparent agreement between the parties in conflict and with many questions regarding the future of the professional tour still to be settled.
Meanwhile, however, play continued generally unabated. The final major event of the 1993 nine-ball tour year, the Professional Billiards Association 1993 Tour Championship in Bell Gardens, Calif., was won by Francisco Bustamante of the Philippines. At one of 1994's most prestigious events, the Professional Billiards Tour (PBT) Players' Championship in Valley Forge, Pa., Mike Sigel of Baltimore, Md., became the first winner of 100 professional pool tournaments with his 9-5 victory in the finals over Danny Harriman of Springfield, Mo. The Sands Regency XVIII title in Reno, Nev., went to 1993 Player of the Year Johnny Archer of Raleigh, N.C., while the Sands Regency XIX event was won by Tony Ellin of Hollywood, S.C.
The PBT's second annual World 9-Ball Championship in Las Vegas, Nev., featured live national television coverage of a U.S. pocket billiard tournament for the first time; the live feed was picked up in more than 50 countries. Earl Strickland of Greensboro, N.C., snared his fifth world title by whipping Efren Reyes of the Philippines 9-2 in the final. The competing World Pool-Billiard Association 9-Ball Championship in Arlington Heights, Ill., was won by Takeshi Okumura of Japan and, in a popular comeback, Ewa Mataya-Laurance. Earlier in the year Strickland had captured the 18th U.S. 9-Ball Open in Chesapeake, Va.
New York City was the site of the Billiard Congress of America (BCA) 16th Annual U.S. Open straight pool (14.1 continuous) championships. Germany's Oliver Ortmann won his second Open title, and Liu Hsin-mei of Taiwan took the women's crown.
The Women's Professional Billiard Association's 15th annual National 9-Ball Championship in San Francisco was won by the top-ranked Loree Jon Jones, while the year's richest first prize of $20,000 was rung up by Robin Bell with her victory in the $50,000 Gordon's 9-Ball (women's) Championship in Santa Monica, Calif. The top prize at the $32,000 Bicycle Club Women's Classic in Bell Gardens, Calif., was won by Vivian Villarreal.
The Association of College Unions-International national billiards championship for 1994 was held at Arizona State University, where defending champion Max Eberle, a senior at James Madison University, Harrisonburg, Va., became only the seventh man to win the title for two consecutive years. He defeated Randy Tate, a junior from Illinois State University, 7-5 in the final. The women's division was won by University of Washington senior Rachel Ross, who turned back University of Wyoming senior Dean Leath 6-4 in the championship match.
The BCA inducted pool stars "Cowboy" Jimmy Moore and Ray ("Cool Cat") Martin as player members of the BCA Hall of Fame at its 11th International Trade Expo in Las Vegas.
Stephen Hendry of Scotland retained the world professional snooker title in 1994 with a dramatic victory over Jimmy White of England by 18 frames to 17 in the final at Sheffield, England, in May, winning it for the fourth time in five years for a record prize of £180,000. In April Ronnie O'Sullivan of England won the British Open title at Plymouth with a 9-4 win over James Wattana of Thailand in the final. Ken Doherty from Ireland became Scottish Masters champion by defeating Hendry 9-7 in the final at Motherwell, Scotland, in September. Alan McManus of Scotland, earlier the winner of the Masters title at Wembley, England, in February, went on to win the Dubai Classic in October with a 9-6 victory over Peter Ebdon of England in the final. Former world champion Steve Davis of England secured both the Welsh Open and Irish Masters titles. Another Scot, John Higgins, won the Grand Prix in October at Derby, England, after defeating Dave Harold 9-6 in the final. Hendry regained the U.K. title with a 10-5 victory in the final over Doherty at Preston, England, in November.


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Crusaders moved into second spot in the Danske Bank Premiership with a convincing 5-1 victory over Dungannon Swifts on Monday night.
Goals from Jordan Owens (2), Paul Heatley, Gary McCutcheon and an Adam McMinn own goal saw the Crues record their first win since December 7.
Stephen Baxter's side closed the gap on leaders Linfield to six points - with both sides due to meet at Windsor Park next Tuesday.
A bright start by the Crues was rewarded with a goal in the ninth minute.
It came after McCutcheon's shot was deflected behind by McMinn.
From Chris Morrow's corner Owens was left unmarked inside the box to head home with aplomb.
The home side's pressure continued and they were rewarded with a second goal in the 31st minute.
Eamon McAllister played in Heatley who raced clear before coolly slotting his shot past the stranded Buchanan.
The third goal arrived in the 53rd minute, with Owens tapping home fro close range after Craig McClean's cross rebounded off the post and then Swifts keeper Buchanan.
Dungannon substitute Jamie Tomelty offered the visitors a lifeline in the 68th minute, the winger cutting in from the right before firing a left-foot shot that deflected off Paul Leeman and into the net.
It was 4-1 in the 75th minute after some lapse defending from McMinn, whose awful back pass allowed McCutcheon a free run on goal before rounding Buchanan and tapping home.
McMinn's night got worse six minutes later, with the defender inadvertently heading Morrow's free-kick into his own net.
CRUSADERS: O'Neill, Leeman, Magowan (King78), E. McAllister (Smith 69), Morrow, Robinson, Caddell, McCutcheon, McClean, Owens, Heatley (D. McAllister 84).
Subs not used: Hanley, Watson.
DUNGANNON: Buchanan, Brennan, Grieve, McCaffrey, McMinn, Topley, Harpur, Hazley (Costello 82), Glackin (Lavery 57), Fitzpatrick (Tomelty 57), Hutchinson.
Subs not used: Lowe, McCullough.
Referee: Iain McNabb (Newtownabbey)

subset: commoncrawl


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was one of the squaddies in Bad Lads Army and his first porno shoot was for us with his best mate Rocco. The two lads know each other pretty well and frequently shagged women together! Not taking turns, but both them shagging at the same time, so their balls have been banged together on many an occasion! Adam has a real str8 lad look and way of talking but is uninhibited about his body and is happy to show off his great big uncut dick!
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Str8 lads Rocco & Adam cock fighting
28 Minute Video - Fri 10th Jul 2009
Rocco and Adam are lapping up the sunshine teasing each other as they strip down to some very bright boxers! Once out of them Rocco has a semi and Adam has a suspiciously over hard erection! With all those glances at Rocco I am beginning to think he fancies a bit of Rocco's cock! The lads strip and wank off in the hot tub and eventually agree to a cock fight! Rocco of course wins; his cock is way more meaty and long than Adam's! Loads of close up action later and Adam's spills his load and a couple of minutes later Rocco dumps an equally large load all over the place!
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Str8 boys Rocco & Adam play
29 Minute Video - Sun 26th Nov 2006
These two friends are back in front of the video, this time showing off in their Chelsea shorts, there is a real natural spark between the two so a lot of fun and larking around is had! The video begins with lots of posing in and out of shorts and boxers sometimes hard sometimes soft, though Rocco is like a rocket most of the shoot! They wank off in loads of positions while they tease each other about sexual encounters. After all the wanking the lads settle back and Rocco blasts a huge amount of cum over his shoulder and all over his body! A few minutes later Adam shoots his own spunk over his abs. Rocco fans should love this latest release!
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Adam and Rocco, stars from TV's Bad Lads Army, are best buddies in real life and you will soon here of their sexual antics! The lads start to strip and Adam get some oiling then Nick and Adam rub oil all over Rocco! Its not long before both lads have their big uncut dicks in their hands… both about the same length, Rocco 9" and Adam slightly smaller. Rocco is definitely bigger girth as he can hardly get his hand round it! The lads do loads of wanking and larking around both getting desperate for a girl! All the teasing and wanking gets to Adam who is first to shoot over his blond pubes and abs… a few minutes later Rocco shoots cum on his chest and shoulder… wow what a cum shot!
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Rocco & Adam's cock fight
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Rocco and Adam are best mates and these two str8 boys lets loose a little compared to their last time together nearly 3 years ago! Once Rocco is stripped down you notice he is in great shape and his cock also still big and hard. The lads strip off and jump into the hot tub for a bit of messing and they both show off their holes before Rocco and Adam stand up and have a sword fight. Cocks banging together Rocco took some persuading for this though enjoys it all the same. Poor Adam though gets his very hard cock beaten up by Rocco's large one! After loads of playing Rocco's shoots a nice load on the table and seconds later Adam spews on his abs. Two lads another step forward!
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Rocco & Adam play in footie shorts
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Rocco is back for a new set with his best mate Adam. Rocco has been training hard, trying to make sure his new set scores well! The two lads are a great act together, they start in footie shorts and before long both are hanging out with hard ons poking out their shorts. There is loads of variation in this set, Rocco is really pumped up and his cock is pretty solid all through shoot and the lads are so competitive together its great to seem them wank next to each other. They pose in and out of shorts and tight undies with loads of great close ups of foreskin and feet. They both lie back, Adam shoots first and then Rocco does his trademark "cum explosion" and near drowns himself!
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Rocco and Adam's photos
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Adam and Rocco are two of the squaddies from Bad Lads Army. They start the shoot messing about teasing each other about getting hard. The guys are watching porn and they both get hard-ons in the baggie pants and pretty soon they are challenging each other to get it out! Both lads pull out their dicks, they are uncut and big, at least 9"/23cm a piece, Rocco's dick is just chunkier! These two str8 boys wank off together, eyes stray as they check each other out! Both of them are rock solid and wanking for England, Adam looses it first shooting a load of cum on his abs quickly followed by Rocco who fires it all over the place!
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I am in my 19th year at Jefferson High School. I am proud to be a member of
this school and community. Besides teaching Civics and Social Problems, I
also am the Social Studies Department Chair and Senior Class Advisor. As
class advisor, I am primarily responsible for organizing graduation. I
volutarily assist with varsity boys basketball and serve as official scorer
for nearly all girls and boys home basketball games. This year I will also
be working with the achievement center.


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There may finally be enough incentive for someone to come forward with information on the shooting death of a suburban Harrisburg woman.
Dauphin County and Swatara Township authorities announced Thursday that there is now a $12,000 reward for the tip leading to an arrest in Rezija Sabic's murder.
Sabic's husband is offering $10,000 in addition to a $2,000 reward from Dauphin County Crime Stoppers.
"Somebody close to the assailant has some information but doesn't want to come forward. Maybe it's a friend or family member who doesn't want to come forward for whatever reason," Dauphin County District Attorney Ed Marsico said. "A substantial amount of money on the table might force somebody forward."
Sabic, 39, died on the front porch of her home in the 500 block of Liberty Court in Chambers Hill the morning of July 28. Authorities said she had been shot twice in the back, apparently after surprising someone who was inside her garage.
Sources to abc27 News say Sabic's husband Senad has been ruled out as a suspect, but Marsico won't admit that.
"I'm not gonna comment on who's been ruled out who hasn't been ruled out," he said. "Suffice it to say the investigation continues."
Anyone with information should call police at (717) 564-2550 or Crime Stoppers at (800) 262-3080.


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Royal Dutch Shell is set to drill what could be the most expensive exploration well ever in Australia, targeting a major gas prospect just west of the environmentally sensitive Ningaloo Reef in Western Australia.
The oil major is bringing in one of the world's biggest rigs from Brazil to drill its controversial Palta-1 exploration well.
Major Japanese trading house Mitsubishi is partnering Shell in the well, which by some estimates could top the circa $50 million spent by a Woodside Petroleum-led venture on the Gnarlyknots well, far off the South Australian coast, in 2003.
That well failed to find oil or gas.
Shell confirmed yesterday it will start drilling the Palta-1 well in October, targeting gas. The well site lies 70 kilometres from the North West Cape in the Exmouth sub-basin, an established oil and gas production area, a Shell spokesman said.
Conservation groups have been up in arms about the proposed well because the site lies within 50 km of the boundary of the Ningaloo marine park. The World Wildlife Fund has said the risk of a spill was too great next to one of the most biodiverse coral reefs in the world.
But the federal government gave the green light for the drilling in July last year, with Environment Minister Tony Burke determining that the well did not require further assessment under national environmental law.
Shell's environment plan and safety case for the well have also been approved by the National Offshore Petroleum Safety Authority, the regulatory body overseeing the offshore oil and gas industry.
The site lies in the WA-384-P permit and the well is to be drilled in waters that are 1350 metres deep.
Shell said it was "mindful of the significant biodiversity value of the region and is planning operations accordingly".
The spokesman noted Shell has been operating in the region for several years without any environmental incidents. The company said it will have a high-tech well-capping system available for use at the site in the worst-case scenario of a blowout.
The huge Clyde Boudreaux semi-submersible rig that will drill Palta-1 is capable of operating in waters up to 35,000 feet deep.
Shell and Mitsubishi will pay $US417,000 per day for the rig, plus potentially a 17 per cent "performance bonus", according to rig owner Noble Corporation.
The day rate in Australia is sharply higher than the $US290,000 the rig was hired out for while working in Brazil.
At the rate the Shell venture is paying in Australia, just the use of the rig for the 80 days the well is expected to take will cost over $US33 million.
To justify that cost, the size of the potential gas find at Palta must be significant, involving several trillion cubic feet, with the potential to underpin a liquefied natural gas project.
Junior explorer
However, because of the sensitive location, and the position of the reef between the well site and the WA coast, any major find is expected to be developed using floating LNG.
Shell is developing what could be the world's first floating LNG project at its Prelude and Concerto fields in the Browse Basin, to the north-east around the Australian coast.
After Palta, Shell plans to use the rig to drill development wells at the $US12 billion Prelude project.
WHL said the Palta prospect could extend into its WA-460-P permit, which could hold about 2.5 tcf of gas.
The Australian Financial Review


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Film Review: The Shine of DayGerman-language drama features little action but much bittersweet reflection.
There is nothing remarkable about The Shine of Day, and its filmmakers are just fine with that. Italian-born Tizza Covi and Austrian-born Rainer Frimmel (the co-directors of four previous titles) continue their transition from photography and the documentary realm to "fictional" storytelling, yet maintain their clear-eyed, observational style and, until the last reel of their latest opus, never seem concerned about creating or manufacturing drama for its own sake.
In Covi and Frimmel's screenplay (co-written with Xaver Bayer), an elderly circus performer named Walter (real-life circus performer Walter Saabel) shows up on the doorstep of the nephew he has never known, an actor named Philipp (played by well-known Austrian actor Philipp Hochmair). The meeting leads to Philipp inviting his uncle to stay with him and the two men get acquainted with each other over the following days. Walter hopes to reunite with his brother, Philipp's father, but that event never occurs, and Philipp learns about his troubled family history, including the fact that his father and Walter are actually half-brothers.
Eventually, Walter and Philipp's new friendship becomes strained, but they try to overcome their differences. Later, while Philipp is moving from city to city and theatre to theatre to perform in several plays at once, Walter comes to care for Philipp's neighbor's two children. When Walter discovers that the children's mother is stranded in Moldavia, he develops an elaborate plan to get her out and bring her home, but he depends on Philipp to help him.
Minimal as the story sounds, The Shine of Day reveals many complexities. The filmmakers achieve this effect through their naturalistic dialogue and shooting style. Even when Walter and Philipp discuss the difference between their philosophies of what constitutes "the shine of day" (the beatific moments in their lives), there is nothing forced or overly intellectual about the conversation. (Eric Rohmer would have been proud of this particular scene, shot in one traveling long take by Frimmel, the film's cinematographer.) Credit is also due to the principal actors, playing variations of themselves—never an easy task—without any self-consciousness or false business.
The only drawback comes late in the story, as mentioned earlier, when Walter attempts to save the neighbor's wife from some sort of entrapped situation. By tacking on a bit of melodrama at this late point in the film, The Shine of Day loses its focus before its abrupt ending. Though the characters demonstrate growth while maintaining the essence of their core selves, this last part of the film could have been handled in much more meaningful way.


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Brandon Austin is a taxi driver for Happy Cab. He usually works day shifts, but not on New Year's Eve.
"It was pretty crazy," said Austin. "I didn't get out until about 9:00 p.m. because I had dinner with family, but when I got there the dispatch board was just blowing up with customers."
The company took more than 1,200 calls between New Year's Eve and 4:00 a.m. on New Year's Day.
That's one-third of the calls the company gets in an average week.
"We have Lincoln zoned off into different zones. One of our smallest zones had 14 people waiting for a cab ride."
Happy Cab and Servant Cab are the only two taxi companies operating in Lincoln.
Happy Cab just moved their business to Lincoln in June. They now operate in both Omaha and Lincoln.
"Our late night traffic is pretty steady since the start of the college school year," said John Davis, Director of Operations at Happy Cab. "It really kind of took off at that point."
Their numbers are continuously rising.
When they started, they gave an average of 1,000 rides a night. Now, they are up to an average of 4,000.
With the two businesses operating in Lincoln, the number of cabs is increasing. At the same time, the number of drunk driving arrests is going down.
The Lincoln Police Department announced Wednesday that there was a 14 percent drop in DUI arrests from last year.
Davis says, it's probably more than a coincidence.
"We're not trying to grab the glory or say that we're solely responsible, but I don't think it can be argued that we are certainly part of that equation," he said.
The increase of cabs in the city could be a factor, but the LPD is constantly pushing against drunk driving.
They just ended their "You Drink & Drive. You Lose" enforcement campaign, which ran from December 14, 2012, through January 1, 2013.


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It's simple! We here at KING's Pipe Online Headshop value our customers and provide FREE SHIPPING (via USPS - 7 day delivery) on ALL orders, to any location in the United States, including Hawaii and Alaska. Enjoy free shipping on all items throughout our online store!
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It is our prerogative at KING's Pipe Online Headshop to take our customer's privacy into consideration, which is why we ensure discreet shipping for every order.
Following a purchase, products are shipped to you in an unmarked box or envelope, with a shipping label and FRAGILE sticker on the packaging.
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For items damaged during shipping, please keep the glass in its box away from harm. Do not discard the item.
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'Friendly' Place for Boozy Brunch
The wooden community tables that stretch across Circolo's dining room make it a natural draw for a boozy brunch.
"Friendly, friendly, friendly is key," said founder Andrea de Leonardis. "We want it to be comfortable."
The rustic 65-seat Italian restaurant near the Bowery opened in January and started serving...


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North Olmsted City Council candidates Duane Limpert, Sid King and Tim Smith were asked identical questions concerning the job for which they are running.
1. Since the North Olmsted at large positions do not represent wards, how do you go about expressing your views about working on city issues and legislation? 2. How do you see your role when it comes to working with the rest of council? The administration and the public? 3. During the past several administrations, there have been criticisms of City Council for either being too contentious and argumentative with the mayor or too much of a rubber stamp for a mayor and administration. How do you see council's role in dealing with mayors and their administrations, and how do you facilitate that as an at large representative? 4. What do you see as the major issues in the city of North Olmsted and how do you as a councilman at large go about dealing with them? 5. Are there any changes that you would like to see in the responsibilities and powers of the council members? If so, what are they and how do you enact them?
1. As an at-large councilman representing the entire city I try to make myself available to answer resident questions and publish my cell phone on my business card. To date I have received numerous calls from people all over the city with questions or concerns. I try to answer all calls as they come in and respond to them quickly. I also attend Council committee meetings to represent the residents' interests at all times.
2. I always keep the lines of communication open to everyone. As a regular attendee of council meetings over the last 4-5 years, I have gotten to know each council member and members of the administration personally and have established a good working relationship with each of them since being appointed to council in June. I think we all work hard to keep the city on track and focus on constantly improving the services that the citizens receive.
3. I became interested in the city government during the previous administration. I observed what often appeared as a council and administration that weren't on the same page. Four years ago, I ran for the office of mayor because I thought change was needed to bring about cooperation between the council and the administration. Since Mayor Kennedy took office, I see someone who is very straightforward as to what needs to be done and he and is able to communicate those needs with the council members. Whenever there are questions or concerns, they can be addressed in committee meetings, so it helps to eliminate arguments and can settle any differences. Since being appointed in June, I have actively participated in many council committee meetings where plans and ideas have been adjusted because of concerns that have been raised.
4. There are many issues facing North Olmsted, but I do see progress on most of them. Since becoming chairman of the Building, Zoning and Development committee, there have been several large projects approved that keep the economic growth moving forward, but, there is also a need to focus on keeping current businesses thriving and keeping people employed. We have a number of foreclosed/vacant homes as well as rental properties that can easily become problems and fall into disrepair. The city needs to continue inspections on these types of properties so they do not affect the surrounding neighborhoods and their property values. Many areas have faced flooding issues, so the city must continue to maintain our drainage and sewer systems. The new sewer vac trucks and new catch basin projects on Dover Center Road and near Clague Road have been a great step forward to alleviate these problems, many of which were caused by neglect of previous administrations.
5. I was a member of the Charter Review Commission, and we actually took a look at the powers and responsibilities of council. While some suggestions had merit, we felt that the Charter did a good job balancing power between the council and administration and any changes were unnecessary. Unless something specific arose, I would leave those types of changes to future Charter Review Commissions.


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NetWellness is a global, community service providing quality, unbiased health information from our partner university faculty. NetWellness is commercial-free and does not accept advertising.
Tuesday, September 26, 2017
Addiction and Substance Abuse
Chest pains occuring after smoking weed
i have been smoking weed for a few years now. maybe once or twice a month so not too often. after a few months of smoking weed, i began to experience sharp chest pains a few minutes after smoking and it occurs for my entire high. it goes away when i am around my friends or doing someting like walking. what could be causing this? is it possible that i am imagining this happening and the cannabis is making my mind believe i am feeling pain? thank you for your help in advance. o and also my grandfather had a heart attack and i think we have a history of them in our family. i am 17
Thank you for your question.
Smoking marijuana can produce a feeling of chest pain in people, usually it is actually coming from the lung itself and not (especially at your age) from the heart. "Lung-caused" chest pain is less potentially fatal than "heart-caused" chest pain, like in the case of your grandfather. None-the-less, it is totally not normal to be having chest pains from your lungs, it is likely causing damage, and since smoking is only an occasional activity for you, it would CLEARLY be best if you just stopped smoking all together (marijuana and nicotine).
Ted Parran, MD
Associate Professor of General Medical Sciences
School of Medicine
Case Western Reserve University


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This interesting 3D Polar Bear Sculpture which is known as the Cabeza de oso polar, or Polar Bear Head was designed by Luciana Novo, a Valencia, Spain-based artist. The multiple colors used in this piece, as well as the materials make this a unique piece that is unlike any other we've seen
It is not a typical animal to be seen mounted in this fashion as hunters rarely go to the regions polar bears are found and it is not in demand, so usually you would see a deer head or regular bear. Check out some of the up close shots of this to get an idea for what you are getting and let us know your thoughts in the comments below.
Signed, Rick Jeffries


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Dollar weakness supported commodities Thursday. The federal government shutdown ended late Wednesday evening, but the easing of restraints on the debt limit and a Chinese downgrade of U.S. debt apparently sank the U.S. dollar. The commodity sector generally rallied in response, but corn futures proved able to rise only slightly. Improved harvest conditions may have weighed upon prices once again. December and May corn futures inched up 0.25 cent to $4.43 and $4.6375/bushel, respectively, at Thursday's close.
Chinese news and dollar slippage also boosted soybeans. Chinese officials announced they had sold 281,783 tonnes of soybeans from reserves, which represented over 56% of the total offered. That seemingly implies robust demand. When combined with the bullish aspects of the dollar drop, it wasn't terribly surprising to see beans and meal rise this morning. Conversely, a setback in the Asian palm oil market depressed CBOT soyoil. November soybeans jumped 16.75 cents to $12.9325/bushel at Thursday's settlement, while December soyoil declined 0.25 cents to 41.12 cents/pound, and December soymeal advanced $9.2 to $413.0/ton.
Wheat futures joined the general commodity advance on dollar weakness. The overnight U.S. dollar decline encouraged wheat buying, especially since export prospects already appeared robust. Traders seemed to think Wednesday's losses were overdone, especially with the nearby contracts settling just above previous technical support. December CBOT wheat surged 4.5 cents to $6.86/bushel in late Thursday action, while December KCBT wheat bounced 4.25 cents to $7.49, and December MGE futures moved up 2.5 to $7.45.
Bullish Profit-taking seemingly sparked the late cattle breakdown. Reports that Nebraska cattle prices had reached $130.00/cwt (cents/pound) apparently fulfilled the expectations of many cattle market bulls Thursday. Their collective decision to take profits on long CME positions seemingly sparked the subsequent drop, with many sellers likely jumping on board as prices fell. December cattle futures plunged 1.47 cents to 131.77 cents/pound Thursday afternoon, while April dove 1.05 cents to 134.62. Meanwhile, November feeder cattle tumbled 0.82 cents to 166.90 cents/pound, and January fell 0.98 to 166.60.
The hog market followed cattle prices downward Thursday. Nearby hog futures rose strongly Tuesday and Wednesday on ideas they were too heavily discounted versus cash values. However, the latest cash and wholesale news seemingly proved less supportive than bulls were hoping. Thus, it wasn't terribly surprising to see CME swine prices weaken as cattle futures tumbled. December hog futures closed 0.35 cents lower at 88.45 cents/pound, while April slid 0.45 cents to 90.25.
Late equity strength probably boosted cotton futures. The lack of news pertinent to the cotton market seemingly allowed traders to focus upon the overnight U.S. dollar decline and its bullish implications for commodities. Moreover, the equity markets rallied strongly later in Thursday's session, which was encouraging for apparel demand. December cotton surged 0.66 cents to 83.82 cents/pound as ICE trading wound down Thursday, while March climbed 0.67 to 84.95.


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The reality of the Australian economy is that it cannot function without wholesale funds. Consequently, Lyn Cobley, treasurer of
Cobley has carved out a reputation as a good operator since taking CBA's treasury role in late 2007. She lured the former head of fixed income at UBS, Simon Maidment, back into the market in late 2009 with an invitation to head global funding within CBA.
Maidment was ready to fulfil the brief of securing the billions needed to fund the bank at a time of crisis for the global banking sector.
But his role went beyond issuing bonds: engagement with Canberra became a critical component after the credit crisis exposed Australia's vulnerability to the whims of foreign bond-holders.
As conditions improved, the big four soon resurrected their decade- long campaign in the nation's capital to be allowed to issue covered bonds, the secured form of debt that gives investors the added security of a claim on a bank's assets.
The recent popularity of covered bonds in foreign markets was largely borne out of mistrust. Investors weren't sure what toxic loans lurked within the bowels of a bank, but they were prepared to lend against its best assets (mortgages) by buying covered bonds.
Australia's banks, led by their lobbyists, argued they too should be allowed to issue covered bonds to boost their funding armoury. By October 2011, the prohibitive legislation had been modified and the banks won the right to an alternative funding source.
The ability to issue covered bonds couldn't have come sooner. As the euro zone descended into fiscal chaos, covered bonds became the only affordable way to raise funds and after six months of being shut out of the bond markets, the race to secure covered bond funds sped up.
It was
Investors that returned cashed up at the start of 2012 were met by a covered bond blitz as a combined €3.5 billion was raised by the majors, including a €1.5 billion ($1.9 billion) issue by CBA.
Funding markets were open again and Cobley, well aware that things could turn, wanted to take maximum advantage of positive conditions.
CBA began to sound out a small group of large funds about the demand for a local covered bond.
It wouldn't be cheap. The banks paid up big time in Europe and the local bond funds were going to have to be appropriately compensated.
By last Friday, CBA had anchor orders of about $1 billion and was confident enough to announce a trade. It also named three other banks on its panel of bookrunners – Citigroup, HSBC and Westpac – to market the deal and ensure the bonds were well supported in secondary markets.
It was a break with convention to appoint another major; Westpac was led by Mark Goddard, the bank's head of syndicate.
At Citigroup, Alex Hayes-Griffin and James Arnold ran with the deal. Sean Henderson was the point of contact for HSBC, with Andrew Koczanowski on the syndicate desk.
At CBA, Paul O'Brien was on the syndicate desk and Dan Cassels managed the trade.
As the CBA went public, the rumoured margin of 175 basis points over the bank bill rate was ringing alarms. If '175' was the price for a covered bond, then the entire senior bank bond market had to be revalued lower by about 1.5 per cent. The deal was also disruptive for busting the habit of "lazy marks", when traders and bond funds drag their heels to reprice their bonds when offshore spreads widen.
CBA's trade was proof of the new benchmark for funding costs that the rate sheets could no longer deny.
That was the price needed to bring in "real money" investors, as opposed to the other banks that typically buy each other's bonds as security for short-term central bank loans. It's known as "real money" because when a bond fund like AMP or Colonial invests, their money is sourced from outside the banking system – not a paper shuffle within – and it's these funds that banks such as CBA are prepared to pay up for.
The "real money" responded emphatically to the final pricing, which spiked before coming back to 175 basis points. Brokers received orders for $4.4 billion of bonds from every single wholesale bond fund, in addition to the large orders from the liquid asset books of their rivals.
CBA cut the deal size down to $3.5 billion, but it was still the largest bond issue in the Australian market by a private sector borrower.
The Australian Financial Review


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Improving intergovernmental finance: a message from the northland
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Volume (Year): (1987)
Issue (Month): Spr ()
Pages: 2-13
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hamilton, Bruce W, 1976. "Capitalization of Intrajurisdictional Differences in Local Tax Prices," American Economic Review, American Economic Association, vol. 66(5), pages 743-753, December.
- Stiglitz, Joseph E., 1987.
"Pareto efficient and optimal taxation and the new new welfare economics,"
Handbook of Public Economics,in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 2, chapter 15, pages 991-1042
- Joseph E. Stiglitz, 1987. "Pareto Efficient and Optimal Taxation and the New New Welfare Economics," NBER Working Papers 2189, National Bureau of Economic Research, Inc.
- Steven Craig & Robert P. Inman, 1986. "Education, Welfare and the "New" Federalism: State Budgeting in a Federalist Public Economy," NBER Chapters,in: Studies in State and Local Public Finance, pages 187-228 National Bureau of Economic Research, Inc.
- Steven G. Craig & Robert P. Inman, 1985. "Education, Welfare, and the "New" Federalism: State Budgeting in a Federalist Public Economy," NBER Working Papers 1562, National Bureau of Economic Research, Inc.
- Roger H. Gordon, 1983. "An Optimal Taxation Approach to Fiscal Federalism," The Quarterly Journal of Economics, Oxford University Press, vol. 98(4), pages 567-586.
- Roger H. Gordon, 1982. "An Optimal Taxation Approach to Fiscal Federalism," NBER Working Papers 1004, National Bureau of Economic Research, Inc.
- Young, H. P., 1987. "Progressive taxation and the equal sacrifice principle," Journal of Public Economics, Elsevier, vol. 32(2), pages 203-214, March.
- Niskanen, William A, 1975. "Bureaucrats and Politicians," Journal of Law and Economics, University of Chicago Press, vol. 18(3), pages 617-643, December.
- Thomas Romer & Howard Rosenthal, 1979. "Bureaucrats Versus Voters: On the Political Economy of Resource Allocation by Direct Democracy," The Quarterly Journal of Economics, Oxford University Press, vol. 93(4), pages 563-587.
- Oates, Wallace E, 1969. "The Effects of Property Taxes and Local Public Spending on Property Values: An Empirical Study of Tax Capitalization and the Tiebout Hypothesis," Journal of Political Economy, University of Chicago Press, vol. 77(6), pages 957-971, Nov./Dec.. Full references (including those not matched with items on IDEAS)
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HPU deals UHH two narrow defeats
The University of Hawaii at Hilo's pitching got much better. Its luck did not.
The Vulcans held Hawaii Pacific in check for much of Saturday's doubleheader, only to see the error-aided Sea Warriors twice come back to win by run, 4-3 and 5-4 in Waipahu, Oahu.
"We battled in both games," coach Kallen Miyataki said after UHH's losing streak was extended to 13. "We just couldn't pull through."
Derek Nakasato continued his huge series for the Sea Warriors. He led off the bottom of the seventh of the second game with a single and scored the winning run on third baseman William Cleary's throwing error.
The Vulcans (10-25) took a 3-1 lead in the sixth courtesy of Will Thayer's two-run home run and an RBI double by Jonathan James. But HPU (23-13) knocked out starter Jordyn Ah Chong in the sixth, and Konawaena graduate Ryan Torres-Torioka hit a double off Michael Slifer to give the Sea Warriors a 4-3 lead.
"Our spirits are good," Miyataki said. "We're still competing and we'll keep plugging away.
"We haven't beaten ourselves. They beat us. They're proving why they're winning and in contention."
Thayer doubled and scored in the seventh and finished 2 for 3 and James doubled twice.
Ah Chong, a junior right-hander, got a no-decision for his five innings, allowing seven hits and three runs with two walks and two strikeouts. Slifer fell to 0-3. Wyndam Williams (2-2) got the win in relief.
After going 2 for 4, Nakasato has 10 hits and 10 RBIs in the four-game series. The left fielder carried HPU on Friday as it beat up on Vulcans pitching in a sweep. With the surge, the junior raised his average to a Pacific West Conference-best .401.
In the earlier nonconference game Saturday, senior left-hander Seamus Yoneshige worked six strong innings and exited with a 3-1 lead before the Sea Warriors battled back against Jeremy Dela Cruz. Nakasato singled through the left side to make it a one-run game, bringing 6-foot-4 Kevin Lendik to the plate.
Miyataki said he went to the mound to remind Dela Cruz to throw a steady diet of breaking balls to Lendik, but when he did try to sneak a fastball by on the outside edge, Lendik extended and was able to turn on it for a run-scoring double.
Lendik crossed with the go-ahead run when Edison Takata made a throwing error on Chad Bolibol's infield hit.
"If we get one break, who knows what happens," Miyataki said.
Kyle Watase posted a two-run single among his two hits.
Dela Cruz (3-6) took the loss in relief after losing as a starter a day earlier. He got only two outs but gave up three hits and three runs (two earned). Yoneshige struck out six.
Jeremy Fujimoto improved to 3-0 with two scoreless innings of relief and Williams posted his first save.
The series concludes with another doubleheader at 11 a.m. Sunday.
First game
HPU 000 010 30x — 4 8 3
Second game
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Contact Loews Regency New York
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New York, NY
Here at our Park Avenue luxury hotel, we specialize in exclusive, smaller meetings. Each meeting room occupies a prime location on the second floor and offers easy access to the Business Center. Event spaces range in size and can accommodate groups from 6 to 50 people. All feature oversized windows offering natural light and lovely, inspiring views—which is hard to find among Midtown Manhattan hotels.
For executives who want to feel more at home during the work day or who wish to host a reception or dinner party as part of their business trip in New York, our Terrace or Signature Suites will fill the bill, and make a lasting impression. These spaces can serve as hospitality suites for almost any type of function. Planning a morning meeting? Loews Regency New York Hotel has been hosting the legendary "Power Breakfast" every weekday morning since 1975. So you know that any business meeting that takes place here is going to become something special.
All of our meeting rooms are backed up by our state-of-the-art A/V services and world-class catering, with delicious menu options. Our seasoned Meeting Specialists can help with everything from entrée suggestions and meeting promotion to one-of-kind décor. Plus, since we're located in the heart of Manhattan, getting around couldn't be easier. Let Loews Regency New York Hotel take your next important business meeting to a whole new level, and savor what happens next.
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Artist description:
i had a lot of fun drawing her :) her outfit is very unique because i made it have transparent sleeves, and the top is a midriff. plz rate and comment!
Java Draw Created Jul 21, 2012 460 x 640px Unless noted Copyright 2012 acissej.
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This be my fave!
Beautiful work Acissej =) I love her eyes!! The colors & outfit are wonderful. 5/5
Looks just like my little sister :D
Awesome drawing! Her clothes look cute, and I like the way you colored her eyes! :D 5/5h
Ahh i love the bold colours and how clean this drawing is 5/5 :D
Awesome i like her outfit too!! 5/5 hearts
very nice coulyouplease rate acomment my lastest art ^-^
wow ;o nice
that line in the middle of her top looks weird, but other than that it's a neat drawing :D good job


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Princess Tea Party
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Two princesses with nothing to do before the knights joust and slay dragons to win their affection always turn to tea to gossip about the latest guys in their lives. One princess thinks it's unfortunate for the paupers born without luxury and love, and the other princess wants gold, gold, gold! Which kind of princess are you?
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Posted by Mainstreams Limited VERIFIED25 Sep 11:48 amIlorin East, Kwara
Job Summary
Supports transaction planning and processing efforts to ensure all procurement activities are delivered ive manner without compromising on Quality and Standards, while meeting customer expectations for efficient and effective service delivery.
• Executes procurement plans to support business and operational needs based on requirements stated in the business plans and budgets of individual entities and departments.
• Ensures the needs of requests are pro-actively identified and met takes appropriate actions by handling request orders, supporting tendering/bid management processes, contract negotiation, price management, service delivery, vendor management and communication efforts with suppliers.
• Supports procurement contract negotiation efforts as may be required from time to time with supervision, negotiates favorably basic vendor agreements.
• Works to effectively remove any obstacles to ensure optimal delivery of services to the highest standards thereby achieving high levels of customer satisfaction.
• Work closely with suppliers and customers to improve operations and reduce costs
• Create integrated processes among Operations, Procurement, Logistics and outside suppliers to execute the planning/replenishment process
• Carries out vendors' performance appraisal with support
Qualifications and Requirements
• Minimum of HND in any related discipline.
• Ability to demonstrate initiative, flexibility and attention to detail in a busy, changing work environment .
• Good Communicator both oral and written
• Ability to plan and organise work schedule and work within tight timelines
• Cultivate productive working relationships by actively participating in teamwork and group activities.
• Analytic to approach in problem solving.
• Displays personal drive and integrity working as directed to achieve work objectives
Method of Application
Applicant Must Reside In Ilorin,Lagos
Stay safe!
Watch out for:


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These are some of the questions I hear most often when I take visitors through San Xavier:
Why was the east tower never finished?
Because the builders ran out of money. The whole church is unfinished – you can even see bits of murals penciled – but never painted – on the interior walls. However, over the years people have figured out their own answers – legends, if you will – and here are some of the most common. All are great stories, which is why they are told and retold. But there is no documentary evidence for any of them:
• Someone fell off the tower, and work was halted.
• If a building was finished, its owners didn't have to pay tax on it.
• A cyclone blew the dome off the east tower, and it was never replaced.
Good stories, all.
Speaking about the east tower, funds are even now being collected toward its repair (not completion), and work should start any year now. You're welcome to pitch in!
Another question involves the cat and mouse high up on the facade of the church.
All I can say about them is "Yep, there they are." After having seen hundreds of Mexican baroque churches, I'm not surprised to find anything worked into the art, but in this case no clues exist as to why those particular critters were put where they are.
There's a great legend that when the cat catches the mouse it will be the end of the world, but that doesn't explain their presence. I have heard reference to a story involving a fight of some kind and a peace treaty, but only from one source.
Inside the church, many visitors see the reclining statue in the glass case in the west transept, and think it's a mummy of some kind. I've even heard answers like "That's the man who built the church." The real story is even better. It's a statue of the crucified Christ, and was originally at Tumacacori Mission (now Tumacacori National Historical Park, partway to Nogales).
When that community was abandoned in 1849 due to Apache raiding, the people moved to San Xavier, bringing their saints with them. Along the way, the statue of Christ lost its legs. By the 1890s, it was displayed in the west transept as the entombed Christ.
Around the time of War I, the statue was redefined as a reclining St. Francis Xavier, placed in a glass case, and there it remains, the object of considerable popular devotion.
San Francisco Xavier will be the subject of some late summer blogs.
That's not all about San Xavier del Bac, but that's enough for now.
Fontana, Bernard L. "Biography of a Desert Church, the Story of Mission San Xavier del Bac." In The Smoke Signal, No. 3, Tucson: Tucson Corral of Westerners, 1961.
Fontana, Bernard L., "A Gift of Angels: The Art of Mission San Xavier." Tucson: the University of Arizona Press, 2010.


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New Starbucks Flavor – 'Clapton'?
Eric Clapton has a new album out next week called 'Old Sock', and this week at Starbucks, the song 'Angel' is available as a free digital download.
The song is the "Pick of the Week" starting Tuesday in the entertainment section of the Starbucks Digital Network while in the store or use the Starbucks app to access the download from iTunes. Old Sock will be out March 12th, followed by his tour opener two days later on March 14th in Phoenix.


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With an apology for a radical — even "shocking" — approach to solving Japan's economic problems, British economist Andrew Smithers dismissed the strategies put forward by proponents of a supply-side driven recovery as well as those advocating fiscal stimulus measures, during a recent symposium in Tokyo.
Instead of these approaches to reversing the decade-old recession, the founder of Smithers & Co. told the Nov. 10 symposium, organized by Keizai Koho Center, that Japan should dramatically ease monetary policy.
But before it can do that, Japan first needs to overcome its reluctance to face up to the problems that confront the nation, he said.
"The key problems are awkward ones," he conceded. "The ultimate problem today is a widespread refusal to discuss the key issues and thus never to face them."
Smithers opened the symposium, titled "Japan's past decade — bad luck or poor policy?" by laying out the supply siders' case, which states that inefficiencies at the micro-economic level are the problem, with supply rather than inadequate demand at the heart of the problem.
"Its proponents emphasize some key points: massive inefficiencies are supported by government regulation and 'zombie' companies by the banking system; inefficient 'zombie' companies reduce the returns on efficient ones; and privatizations, deregulations and the euthanasia of zombie companies would increase investment and growth," he said.
This argument, however, cannot be fitted into mainstream economics as it involves a "fallacy of composition," he said.
"At a micro-economic level the bankruptcy of a weak company reduces competition and should thus increase the profitability of the survivors," he said. "But such bankruptcies also reduce demand, as unemployment rises, which reduces profits."
Emphasizing Japan's declining birth rate and the impact that will have on the labor force, productivity and profitability over the next 20 years, Smithers said the supply siders assume that Japan can grow significantly faster than, for example, the United States.
"Without a dramatic change in immigration policies, faster growth in Japan than in the U.S. require an even more dramatic gap in terms of the growth in output per head," he said. "In short, a productivity miracle.
"That would be nice," he added, "but it's not a sound assumption for economic policy."
Turning to the proponents of fiscal stimulus measures, Smithers said this group's theory is that Japan is suffering from inadequate demand rather than inefficient supply. That problem, they claim, would be rectified by creating a larger budget deficit.
"Fiscal enthusiasts face the problem that this policy appears to have been tried — and failed to get the economy moving," Smithers countered. And while Keynesian economic theory states that fiscal stimulus is appropriate for a cyclical recession, Japan's problems are structural, he added.
Smithers then turned to his own "pet solution."
"I apologize for saying that Japan needs to run a much higher current account surplus; it's a shocking thing to say, I know," he said. "The idea that countries should neither run large current account surpluses nor deficits is deeply ingrained in popular economics. It is, however, dangerous nonsense today.
"Demographic differences between Japan, Europe and America mean that such deficits and surpluses are the natural equilibrium position," he pointed out, before underlining the importance of reducing the corporate sector's debts.
"It is often remarked that inflation provides the only long-term solution to Japan's public sector debt," he said. "I suspect that it is also, and probably more urgently the only realistic solution to the corporate debt problem."
"Japan needs inflation," he added. "It shouldn't be rapid, but the deflation problem must not get any worse. Japan needs inflation of around 3 percent a year to get the economy back in shape."
Setting out the ways that the economy could receive that shot in the arm, Smithers suggested increasing the monetary base at an even faster rate than the present 20 percent; weakening the yen by massive market intervention — which would be "very aggressive internationally," he admitted; or using funding policy to increase the money aggregates directly.
The most effective of these approaches would be the third proposal, he said, which would see the Finance Ministry stopping funding the deficit and borrowing short term.


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Radio City's CHRISTMAS IN AUGUST Event Kicks Off Today, 8/14
MSG Entertainment (MSGE) announced the official kick-off to the 2012 holiday season as the Radio City Christmas Spectacular celebrates "Christmas in August" in honor of 85 years of The Rockettes performing in New York City. Today, August 14 at 11am audiences will be treated to a look at The Rockettes' past, present and future with a costume retrospective showcasing memorable Rockettes styles through the years, all leading up to a high energy performance by the legendary New York dance company.
To kick off the event, Santa Claus, played by Charles Edward Hall, will make his yearly trip from the North Pole to his home away from home, Radio City, bringing a little arctic chill to the air in the heat of August. The Rockettes will showcase the unparalleled style and classic glamour that has made them part of the fabric of New York City for the past 85 years with a costume retrospective that showcases famed costume designs for The Rockettes from legendary designers such as Vincente Minnelli and Bob Mackie. The festivities will culminate with a Rockettes performance on 6th Avenue as they take their signature precision dance technique to new levels by showcasing both their grace and athleticism.
Additionally, Rockettes fans will have the opportunity to take part in the celebration of this unprecedented milestone year by sending their best wishes to The Rockettes at radiocitychristmas.com or through social media channels. In honor of this celebratory year, prior to the event, the celebration will take to the skies as New York City will be blanketed with aerial skywriting messages, commemorating the inspirational attributes of The Rockettes through the decades. Fans can participate and show their support by posting messages and photos on their Facebook, Twitter or other social accounts incorporating the hashtag #85ROX. The Rockettes have remained a timeless tradition and this year the Christmas Spectacular, presented by Chase, is proud to honor their 85-year legacy of innovative choreography beloved by millions of fans across the nation.