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Sunday, December 18, 2011
Enterprise IT Buyers: Don't Listen to Financial Analysts
When it comes to enterprise IT decisions, I have come to the conclusion that buyers shouldn't read the financial press. There are industry analysts and there are financial analysts, and they address two distinct audiences.
Exhibit A is this Business Insider post, entitled, The Awful Economy Is Really Going To Hurt SAP. Here's the post's lede:
SAP's hot new software, HANA, has been a relative flop, said BofA Analyst Chandra Sriraman this morning.The post goes on to quote Sriramen concerning why he feels that SAP "will be hurt by slower demand from its key manufacturing customers, depressed business confidence and the financial mess in Europe."
HANA was hailed as groundbreaking when it was introduced about a year ago. It sits in a computer's memory so it literally runs while the computer processes transactions.
There's just one problem: No one is buying it.
Now, what are prospective buyer of SAP's software supposed to make of this commentary? That the prospect should not move forward? If I am an SAP customer, should I be concerned?
The answer, of course, is no--because financial analysts, like this one, do not have SAP customers or prospects as their audience.
Two Stakeholder GroupsPutting aside the cute part about "HANA…literally [running] while the computer processes transactions" and Sriramen's conclusion that SAP faces an "awful" 2012 (I happen to think he is wrong), let's understand the difference between a financial analyst and an industry analyst.
Every publicly-held enterprise IT vendor (or any publicly held company) has many stakeholders: shareholders (investors), customers, employees, business partners, suppliers, and the community at large. But for purposes of this discussion, let's focus on the two primary groups of stakeholders: customers and investors. What are the objectives of these two groups?
Investors want to see that the product has value, because companies that offer such products tend to have growing stock prices. They want to see excellent customer service, because it contributes to customer retention, which has a positive effect on the stock price. They want to see that the vendor is innovative, because innovation drives growth and growing companies command a higher price-earnings ratio. Moreover, they want to see a long-term sustainable business, because this protects the stock price.
- Customers are interested in the value of the vendor's product (its benefits and costs), the quality of the vendor's service, the vendor's ability to innovate, and the long-term viability of the vendor itself.
- Investors, of course, are also interested in these things. But--and this is the key point--investors are not interested in these things directly. They are interested in these things in terms of what they mean for the stock price, short-term and long-term.
But there are also some things that investors are interested in that customers should not at all be concerned about.
It's easy to see, then, why customers should not be concerned about these things. Consider, for example, a prospect that is considering SAP's HANA. If HANA is a good choice for that prospect, it makes no difference how HANA affects SAP's share price. The market may be underestimating or overestimating HANA's contribution to SAP's financial performance. But either way, that has nothing to do with whether HANA is a good choice for that prospect.
- Intrinsic value of the shares. Investors spend a lot of time comparing the intrinsic value of the vendor's shares (what they should be worth based on fundamentals) versus the current stock price. Stocks that are undervalued by the market tend to rise over the long term.
- Market expectations. Investors—especially short-term investors—spend a lot of time trying to forecast prospective company financial performance for the next reporting period versus management guidance and market expectations. Companies that outperform market expectations will usually see a jump in their stock price.
- Economic outlook. Investors also spend a lot of time refining their outlook for the economy in general or for the industry sector and geographies that the vendor serves, because the vendor's stock price tends to rise and fall according to these economic outlooks.
Generally, financial analysts do not have the depth of understanding that good industry analysts do, concerning a vendor's products or customer experiences. They may do reference checks, as best they can, but because they do not deal with customers of the vendor on a day-to-day basis, they lack the direct experience in seeing how the vendor actually performs in the field.
For example, last week, Alan Lepofsky and I provided a short briefing call for a financial analyst from a well-known Wall Street investment firm on the subject of CRM vendors. At the end of the call, the financial analyst remarked that what he liked about our call was our ability to refer to specific examples with specific customers. This is why financial analysts ask for briefings from industry analysts, but seldom do you see the reverse.
Another example: Ray Wang recently gave a short on-camera interview with CNBC on the news that SAP had made a bid for SuccessFactors, an HRM cloud computing provider. Ray deals with enterprise IT sellers every day. But the questions from the CNBC hosts had nothing to do with whether either SAP or SuccessFactors were good choices for buyers. Rather, their only concern was what SAP's bid for SuccessFactors meant for investors. Here are some examples of the questions they asked Ray:
"What are the big names that pop to your mind here that could be the next ones to [be acquired] in the cloud space?"Now, are these questions that enterprise IT buyers would be asking? I think not.
"What about the pioneer in the SaaS market, valued at $17 billion, Salesforce.com [being acquired]?"
"So, Ray, NetSuite is up nearly 10% today, which is I think an all-time high. Would you rush into this stock right now or is it too much, too fast?"
"Hey Ray, how does this make you feel about SAP here? SAP is a company that for the most part trailed Oracle, it stayed out of the M&A game, it seems very hungry to do deals here—that's great, it worked for Oracle…but are they getting out of their core competency, are they spending more [for SuccessFactors] than they should here?"
The Right Advisor for the Right AudienceLest anyone think I am railing against investors--I am not. As a free-market capitalist, I believe that private investment is the best way to pick winners and losers in the marketplace. I trust individuals and organizations putting their own capital at risk more than I trust some government bureaucrat deciding which organization or industry to favor.
Furthermore, the best financial analysts often have interesting insights. I do read them from time to time, because they see things from a different perspective (the investor's perspective). As my late business partner used to say, financial analysts are using "a different algebra." Seeing things from the investor perspective can help me, as an industry analyst, understand why a vendor may be behaving in a certain way. For example, why a vendor is targeting a certain market segment or de-emphasizing a certain line of business.
But I do believe it is important for enterprise IT buyers to understand that their objectives and success are not always aligned with the immediate interests of investors, and they shouldn't pay too much attention to the short-term stock market performance of an enterprise IT provider.
So, just as shareholders shouldn't ask me for investment advice, enterprise IT buyers shouldn't read financial analysts for advice on technology decisions.
Update: my friend Jon Appleby has a great post, critiquing the same financial analysis post I referenced here. My friend Vijay Vijayasankar also has a good post on the Bank of America analysis, and has added a comment to my post here.
Related PostsSAP in Transition on Mobile, Cloud, and In-Memory Computing
IT Budgets vs. Tech Industry Spending: What's the Difference?by Frank Scavo, 12/18/2011 07:24:00 AM | permalink | e-mail this!
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Limited-access hunting permits on sale
The state Department of Energy and Environmental Protection began accepting requests for limited-access permits to hunt deer with shotguns on specific state lands on Jan. 1.
The new "instant award" method for issuing permits to hunt deer on certain state properties and controlled hunt areas was implemented successfully in 2013, replacing the paper application lottery system used historically. Hunters may apply for permits online or at DEEP locations.
The new process was designed to streamline the distribution of deer permits and allow hunters to know immediately whether they were selected for the limited-access area of choice. Available areas and seasons are listed in the 2014 Connecticut Hunting and Trapping Guide and at locations listed at www.ct.gov/deep/hunting.
The likelihood of being selected is different for each area and is based on the number of permits available and the number of applicants. There is less of a chance of obtaining a lottery permit for popular hunting areas. Successful applicants will be able to purchase their permit immediately or at a later date. However, all permits must be purchased by June 30. As in the past, hunters may apply as an individual or as a member of a group. Up to four hunters will be allowed on group applications. Applicants will be able to specify up to six areas and also indicate their preference for the "A" or "B" season.
Starting on July 15, unissued permits will be made available for sale on a first-come, first-serve basis.
For more information, visit www.ct.gov/deep.


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Internet Abuzz With the 'Harlem Shake'
More than most Internet memes before it, the "Harlem Shake" has exploded with a surprising speed and global reach. WSJ's John Jurgensen joins The News Hub to discuss the dance craze that's dominating the web. Photo: Univ. of Georgia Men's Swimming/Diving.
This transcript has been automatically generated and may not be 100% accurate.
... the the ... the EU ... the ... the Norwegian Army delink at the heart stake well you haven't heard of the Harlem state manual are out of it ... if the latest viral Video create this week the internet and that red hot in video Gangnam diao ... and you should pay attention to this one John Jurgensen is here to tell if I had done maybe I'm ... more ... right than some of their not up on this that I'm feeling very have prayed now but does told him a gotta get in on the phrase here ... why did that with Indianapolis what the what life is going viral so fast ... well there's a lot in ... the scene for cars is really simple ... design you see any really understand ... and for those of us who are so why is there any zero eight and the roasted ... mini ... bus and Ann Zimmerman and friends ... aluminum siding and the same ... thirty seconds of the same side of things for the current preventable ... watching on screen ... the thought of the basic format of this can lead to one person stand up and start ... moving a little bit the debate that can pay and all the sudden cuts due to the whole crowd of people dancing about the privilege of what the problem taken as truth is that in and around you ... you know who we are and this is an important cultural event and have been people see what is which is that ... you know ... that you can view your friends or your office workers ... but then we got an agency about this that he wants to understand is is this he ... is forever says grouper and so ... you know in two weeks or a master of the of this thing started ... and you have hundreds of thousands hundred thousand or so of ... videos that are seeing this style ... aam you have people jumping and I'm not just ... Internet savvy people knew that ... already are office workers U S corporations are doing great and I'm so it is ... greater ... you ... may find out that this is where things move now ... in essence when pollsters either option is no separation between the two was happening and what is happening in our lives ... and that that ... up that's the crosscurrents pretty interesting ... this ... sort of painting underwater doing it and we now have to take a lot of time to choreograph ... to to execute ... I you know I'm the thing I myself was ... time to put all that together but ... you know what when I read the mention how many were out there that for that and then were being uploaded ... things their students ... and yet no longer working for an entire list of the ... the the the you know an interesting twist is that in this new ... future of music and in this song was produced by a DJ who is now I you know kind of thing behind the scenes I'm surprised he's not out front war but he is getting money from them so this isn't just that ... fact and that we can confront softening the fifth of the real new business model for a lot of these singers songwriters it isn't ... human remains the GSEs did you can make that happen ... Valore was in the DJ first ... she has made a song and people to ... contribute to the of this of this to happen in spite of suffering ... so he made money on one with Nissan's are they going to every time someone uses that song used in ads are placed against it ... usually a lot of money as this is a record label people was published ... so that's something ... he's donated more money off the to download your entire student body mass ... since he's making a bid to buy a map of the woods yet ... but in the ... and I also ... don't work right now as you to use for the first time this week ... no worries accounting for you to use it as a ... church so it was all hours and a lot of I'm yours is the flagship ... singles chart ... if the idling humans but some of our furry friends enjoy the Harlem shake it well I thought that God they're ... doing it that we offer the basketball team near Baton really you're you're saying this is taking up about the social media aspect of it is sweeping the country so quickly that companies are actually getting in on an idea that had he ... jumped on this as well so it's not just big and someone sitting at home of uploading the YouTube corporations are taking notice ... currency now is is being read ... all search and react really fast he said his office in the several ... women have happened in Florida last euro ... zone located on on on black out and do your improvement moving so quickly ... to the ... rapid response team when it comes to friends and their their ideas in the ... early sound China has at last ... it's ... I've done thank you so much for bringing after having everyone now feel informed of the family that Internet grade ... and high value on the radio on Monday no one is that the amount taken from its all-time phenomena ... have to go and look at it ... that we grant that they


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First, was the central answer Yoko Ono thematic? I conclude not, although the name has a kind of poetic rhythm to it. It's interesting to see Ono in her full form, given we're so used to seeing the constructor-helpful three-letter surname on its own.
Then there were two areas where I had to think carefully: in the NW corner, I started with louie for 14-Across and was scratching my head over how luwph might be a selling point for a shampoo. We had looie with the identical definition as recently as February 28, so I should have remembered it.
Plus in the central block, my embryonic knowledge of US geography led me to try Ken. at 39-Down. Daisy Mee didn't look right, so I scrambled to think of a better-fitting state. Finally, I was worried (still am really) about 28d {Protected, as the feet} leading to shoed rather than shod - I reckon it has to be right tho.
I was amused by the clue to oboe, as I tried playing the thing as a kid and the result was always lamentable. Whoever said it's "an ill wind that nobody blows good" was on the money.
Solving time: 5 mins (solo, no solving aids)Solution
Clue of the puzz: 40d oboe {Melancholy instrument}
Grid art by Sympathy [about the grid colors]
Idioms of the form X and Y where X and Y rhyme with each other.
17a town and gown {Campus/off-campus community, collectively}Crucimetrics [about Crucimetrics]
27a Stars and Bars {Confederate flag}
46a gloom and doom {Extreme pessimism}
61a wear and tear {Damage from ordinary use}
Video of the Day
Compilers Nancy Salomon / Will Shortz Grid 15x15 with 38 (16.9%) black squares Answers 76 (average length 4.92) Theme squares 46 (24.6%) Scrabble points 272 (average 1.45) Letters used ABCDEFGHIJKLMNOPQRSTUVWXYZ
62d Eli {"The Book of ___" (2010 film)}. The Book of Eli is a 2010 American post-apocalyptic action film directed by the Hughes brothers, written by Gary Whitta, and starring Denzel Washington, Gary Oldman, Jennifer Beals and Mila Kunis. Filming began in February 2009 and took place in New Mexico.
The Doctor is IN
14a looie {Sarge's superior}. Looie = slang for lieutenant.
5d NEA {PBS funder}. National Endowment for the Arts.
18d Nita {Old-time actress Talbot or Naldi}. Nita Talbot and Nita Naldi.
56d Nate {___ the Great of children's literature}. Nate the Great novel series by Marjorie Sharmat.
Image of the Day
43a Mae {Daisy ___ of "Li'l Abner"}. Beautiful Daisy Mae was hopelessly in love with Li'l Abner throughout the entire 43-year run of Al Capp's comic strip (1934-77). During most of the epic, the impossibly dense Abner exhibited little romantic interest in her voluptuous charms, (much of it visible daily thanks to her famous polka-dot peasant blouse and cropped skirt). In 1952, Abner reluctantly proposed to Daisy to emulate the engagement of his comic strip "ideel", Fearless Fosdick. Fosdick's own wedding to longtime fiancée Prudence Pimpleton turned out to be a dream, but Abner and Daisy's ceremony, performed by Marryin' Sam, was permanent. Once married, Abner became relatively domesticated. Like Mammy Yokum and other wimmenfolk in Dogpatch, Daisy Mae did all the work, domestic and otherwise, while the useless menfolk generally did nothing whatsoever.
Other Clues
1a all-in {Going for broke, as a poker player}; 6a beard {Goatee, for one}; 11a CFO {Corp.'s head money person}; 15a Artoo {___-Detoo of "Star Wars"}; 16a arr. {Flight board abbr.}; 19a rib {Bone that's part of a "cage"}; 20a apps {iPhone downloads}; 21a Igor {Composer Stravinsky}; 22a Andes {Peru's peaks}; 24a Shiite {Majority Muslim in Iran}; 26a I lied {Declaration that may be followed by "So sue me"}; 31a spits {Roasting rods}; 34a HMO {Med. group}; 35a lip {Place for ChapStick}; 36a ion {Charged particle}; 37a Yoko Ono {John Lennon's lady}; 41a eco- {Environmentalist's prefix}; 42a Not {"Believe It or ___!"}; 44a beret {Hat for a military specialist}; 51a tow in {Job for a roadside assistance worker}; 52a Ore-Ida {Tater Tots maker}; 55a faded {No longer vivid}; 56a nota {___ bene}; 58a tuba {Oompah band instrument}; 60a Abe {Lincoln, the Rail-Splitter}; 64a Île {___ de France}; 65a altar {Where a wedding march ends}; 66a delta {River mouth feature}; 67a Rep. {Dem.'s foe}; 68a yield {Triangular road sign}; 69a Edsel {1950s Ford flop}.
1d Alta {Resort near Snowbird}; 2d loops {Figure skating figures}; 3d low pH {Boast of some shampoos}; 4d I insist {"No use arguing with me"}; 6d badger {Nag to death}; 7d ergo {As a result}; 8d -ator {Suffix with origin}; 9d row {Part of an airplane seat assignment}; 10d Donald {Disney's ___ Duck}; 11d car dealer {Seller of coupes and sedans}; 12d fried rice {Chinese side dish}; 13d orbs {Heavenly bodies}; 23d nib {Penpoint}; 25d itsy {Teeny, informally}; 26d in on {Listen ___ (hear via eavesdropping)}; 28d shoed {Protected, as the feet}; 29d amo {"I love," in Latin}; 30d spot {Parking space}; 31d sing {Perform on "American Idol," e.g.}; 32d pool table {Place to "rack 'em up"}; 33d in too deep {Unable to dig oneself out}; 38d Oman {Muscat's land}; 39d Kan. {It's north of Okla.}; 40d oboe {Melancholy instrument}; 45d emitted {Sent out, as rays}; 47d owe {Fall behind financially}; 48d Midway {Chicago alternative to O'Hare}; 49d dotard {Senile sort}; 50d Oran {Algerian port}; 53d duels {Face-offs with guns or swords}; 54d abate {Lessen}; 55d fair {Without a cloud in the sky}; 57d oral {Grueling grilling}; 59d Aral {Asia's shrunken ___ Sea}; 63d DDE {Ike's monogram}.


text:
Richmond Night Market
7:00 pm - 11:59 pm
8351 River Road
Richmond, BC
The Richmond Night Market takes place every weekend all summer and runs until mid-October.
Fridays and Saturdays from 7 p.m. to midnight.
Sundays from 6 to 11 p.m.
The market features 250 merchandise booths, 80 food vendors serving mouth-watering food and desserts with a different specially featured and priced vendor each night, diverse family-friendly entertainment and more than a thousand nearby parking stalls.
The market also features carnival rides and a children's amusement zone, adding thrills and chills to the nightly experience.
Located near the River Rock Casino, the best mode of transportation for visiting the Richmond Night Market is to take the Canada Line. Free parking is available, but there is lots of traffic to get in.
Admission is $2.
Read more about the Richmond Night Market.


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Its not just corruption. The US has deliberately created harder economic situations in many countries. Much of the current immigration is linked to NAFTA, a US sponsored treaty. Maybe instead of persecuting people, we should stop screwing around with other countries and then complaining about the results
Even with the U.S. "screwing" around with other countries, there is SO MUCH corruption south of the border. Such corruption (created for and by those governments) is destroying economies and keeping foreign companies from investing in their country. Not to mention that those same governments WANT illegal immigration to continue. They get rid of the poorest, most uneducated, the unemployed, and the indigenous. In return they gain billions of dollars in remitances. This is just another example of the U.S. being blamed for the problems of other countries.
(a) In general Notwithstanding any other provision of law, an alien who is not lawfully present in the United States shall not be eligible on the basis of residence within a State (or a political subdivision) for any postsecondary education benefit unless a citizen or national of the United States is eligible for such a benefit (in no less an amount, duration, and scope) without regard to whether the citizen or national is such a resident. (b) Effective date This section shall apply to benefits provided on or after July 1, 1998.http://caselaw.lp.findlaw.com/casecode/uscodes/8/chapters/14/subchapters/ii/sections/section_1623.html


text:
Hi everyone! My name is Maria Wallin and I'm so excited about sharing my very first Moda Bake Shop tutorial with you all! =)
I still cannot believe I'm actually "one of the Bake Shop girls!" Ever since I first discovered the online quilting community, these fantastic ladies have inspired me and I'm so happy to be able to share something of my own in return. Please pop over to my blog Not Only Quilts to see more of my creations revolving around, but not limited to quilts – as you might have guessed from the name 😉
This quilt is something I've had roughly sketched and dreamed about making for some time but had not found the perfect fabric for until I saw the Sunkissed by Sweetwater line. I really hope you'll like it as much as I do.
1 Charm Pack (Sunkissed by Sweetwater)
1 Jelly Roll (Sunkissed by Sweetwater)
1/2 yard of white "middle border" fabric (SKU# 9900 98 white)
1/4 yard of "border" fabric (SKU#5443 23 orange stripes)
3/4 yard of green fabric for binding and applique (SKU#5447 11 green)
3 1/2 yards of backing (SKU# 5441 26 swirls)
Thread matching the colors of your fabric for applique
Invisible thread for trapunto
Choice of your favourite applique tools/fusible web, in my case I used "Steam A Seam" fusible web
Scrap pieces of batting for trapunto
Step 1 – Cutting
* First, cut each still folded jelly roll strips from the selvage side, leaving one continuous folded piece left once you're done cutting, save that scrap for later. Cut one 5″ section and one 9″ section from each strip (so you'll end up with two of each piece).
* Then cut two extra "jelly roll strips" (2.5″ Width Of Fabric strips, will from here on out be referred to as "WOF"), one from the green yardage and one from the backing. The jelly roll only has 40 strips and we need 42 for this project. Cut them up the same way as the others above.
* Cut 7 strips of 2 1/4″ WOF strips of the green yardage for binding right away (if you're using anything but a low loft cotton batting, you might want to increase that to 2 1/2″), the rest can then safely be used for applique.
* Cut your white yardage to two 9″ WOF strips, cut one in half at the fold (you'll only use one of the halves, the other is a scrap).
* Cut your orange striped yardage into 3 2.5″ WOF strips. Split one of them in half at the fold like with the white fabric, but of this we'll use both halves.
Step 2 – Assemble your quilt blocks
This part is very simple. Take one of the charm squares and add two of the 5″ jelly roll strips to the sides. If you have directional fabric, make sure you align them the way you want them to be aligned now and put the short stripes on the left and right side of the block.
Press the seams apart to reduce bulk and add your 9″ stripes to the sides. Put aside the extra piece of jelly roll for later (we'll use some of them for applique).
Make 42 blocks.
Step 3 – Assembling parts of your top
Layout your quilt blocks in a pleasing pattern in a 2×6 pattern and then in a 5×6 pattern for the rest of the blocks.
Sew your rows together, then iron the seams of the rows in opposite directions so you can nest the seams when you assemble it. Join your first two rows, then don't join those with the last five but instead join the last five as their own separate section.
Step 4 – Making the "middle border"
Sew together the white fabric the one WOF piece to the half WOF piece giving you a continuous 66″ long white piece. Do the same with the orange strips, sew one half orange strip to a full WOF strip, giving you 2 66″ x 2.5″ orange strips.
Attach the orange strips to the sides of the white one.
Press seams apart to reduce bulk here as we'll be doing applique on top of it.
Then lay it out next to your quilt and cut away the excess fabric.
Step 5 – Applique and trapunto
We haven't assembled our entire top because you would have one rather bulky piece to work with at this point, making it much more difficult.
Now you can either just choose your favourite method of applique and skip the step 5 instructions below or follow along as we make a simple trapunto applique variant here. I'm sure there are tons of better ways/more correct ways to do trapunto – I'm very much a beginner at this, this is just the method I came up with for this quilt.
Step A – Drawing and cutting your applique pieces
Trace all your applique pieces (the ones I drew and used can be downloaded in the printable version of this post) onto your choice of fusible web, leaving a little space around each so you can attach them to the fabric and cut around them.
I personally like to use Steam A Seam (have yet to try the "lite" version, I'm sure I'll love it even more) as it's double stick and therefore allows you to rearrange your pieces while they still stick to the fabric. You can move your work around with the pieces in place before you've ironed them on permanently, allowing for more precise placements. If using it for the first time, make sure you read the instructions, as it's a little different from normal fusible web.
Step B – Attach and cut your applique shapes
The pieces of jelly roll scraps should fit 5 of the big petals. Choose a print you really like for this as it will be a big focus piece:
For the center of your flower and your small flowers that you'll be putting in the intersections of the blocks, you'll probably want to double your fabric so nothing can be seen through your applique shapes. Simply add some fusible web in the rough size of your flower to your strip, fold it in half, fuse with the iron, and then add your applique shape.
Cut out your applique shapes and arrange them in a pleasing manner before ironing them down:
Spread out the little flowers in intersections over the quilt as desired/use them to embellish the white border more or maybe you wish to just leave them out.
Step C – Adding batting for trapunto effect
Now take a big scrap piece of batting that covers your entire flower and some area around it and pin it carefully in place a little outside of your applique.
Once pinned securely in place, roughly but carefully cut around the pins on the outside to remove any excess batting and thereby avoid any "double batting mishaps" (I learned that the hard way) that can happen otherwise if you leave the unpinned batting in place once we get to the FMQ part. Please use blunt tipped scissors and go slowly to make sure you don't cut into your fabric.
Step D – Sewing your raw edge applique
Attach your FMQ foot to your machine and lower your feed dogs. Don't be afraid of this even if you're a beginner like me at FMQ; it's quite easy to get a nice result if you just go slowly. Thread your machine with a thread matching the color of the applique piece you'll be working on. Bring up your thread an inch or so outside of the applique shape.
Then move to your applique's edge and take a few short stitches close to each other to secure the thread while still holding onto your thread tails. This way you won't have to tie your threads; you can just clip them.
Carefully sew around the edge of your applique, and once you've moved away from your starting area, you can clip the top thread. You do this as we go around the applique shapes at least twice to get a nice stitch line (the thread could tangle otherwise).
Sew around all of your shapes. If you want add more layers of batting for extra effects in places, feel free. I choose to do so for the center of the big flower once I'd sewn around it's edges, I just added a second, small piece of batting in the area you want to highlight.
When all seams are done, very carefully cut away excess batting around your trapuntoed areas, taking much care to not clip into your fabric! If you don't feel comfortable clipping as close as I did, don't worry about it; it'll look great anyway. It's much more important to have a top without holes in it!
Step 6 – Assembling your quilt top
Assemble your quilt top by sewing the top and bottom sections onto the middle border we just finished.
Step 7 – Baste and quilt
Back and baste your quilt with you preferred method (you can use up the rest of the jellyroll scraps and make a pieced back?) and quilt your top. I choose to do a loose loop-de-loop pattern with little flowers thrown in the mix for good measure on the squares and then a meandering stipple for the white section to really make the trapunto pop.
Step 8 – Finishing up the trapunto
When your entire quilt is quilted as desired, change to invisible thread in your machine and stitch over all seams in your trapuntoed areas with invisible thread in each seam. This will really bring out the effects of the trapunto.
It will make the applique stand out all full and nice. The picture doesn't really do the effect justice, but at least you get the idea!
Step 9 – Bind and you're done! =)
One very summery, super yummy ~50″ x 70″ Summer Squares Quilt!
I hope you've enjoyed reading this tutorial as much as I enjoyed making it! If you end up making one of these – I'd so love to see it! Please send me an email {email@example.com} with a picture as I'd be so excited to feature it on my blog =)
Maria Wallin
{Not Only Quilts}


text:
The Legislature's 2012-14 biennial session, which enters its final month this week, has been an experiment in civic reform aimed at reviving a dysfunctional institution.
The 2012 legislative elections were the first conducted in districts drawn by an independent commission and the first under the state's "top-two" primary system.
There was an immense turnover of members, particularly in the Assembly; Democrats won historic "supermajorities" in both legislative houses; and a newly revised term-limit law changed internal dynamics.
Are the reforms working?
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It's a difficult question because the different sponsors of the changes said they wanted to cure dysfunction, but they defined it in different ways.
Those on the left wanted to further empower the Democratic majority, while those on the right sought to restrain the majority's liberal activist wing.
Both, in a sense, have seen some gains. The left got its supermajorities and eliminated the two-thirds vote on budgets. But as Democratic ranks expanded, they included more business-friendly moderates – in part because business groups played the top-two primary system adroitly.
The supermajorities that gave Democrats – in theory – the power to pass new taxes and constitutional amendments have turned out to be nonfactors.
The margins were very thin, moderate Democrats were reluctant to do what liberal activists had hoped, and suspension of three Democratic senators who ran afoul of the law erased the Senate's supermajority, at least temporarily.
A couple of academic studies have attempted to arithmetically calculate whether the top-two primary has moderated an ideologically polarized Legislature. But their results are inconclusive, in part because it is difficult to isolate that one change's effects from the impact of other new factors, such as commission-drawn districts and term-limit modifications.
One is left, therefore, with making a holistic, albeit somewhat subjective, appraisal with the caveat that evaluating major systemic changes after less than two years' experience may be premature.
As reconstituted in the 2012 elections with all of the changes listed earlier, the California Legislature appears to be marginally more grounded in California's social and economic reality.
The majority Democrats and the minority Republicans are less prone to flights of ideological fancy and more interested in doing the real work of governing a fractious state.
The systemic changes have contributed to that maturation, but having an adult in the building named Jerry Brown also helped.
However, the Legislature still is a long way from reclaiming its role as California's prime policymaker, having been usurped by initiatives and the courts.
"Time will tell" may be a hackneyed phrase, but in this case it's quite accurate.