Health care, finance, education, food and transportation are the five big areas of tech opportunity PayPal co-founder Max Levchin outlined today at Mixpanel's Data Driven Conference. But perhaps the most interesting tidbit he dropped was his dream of harnessing hurricanes for energy.Source: http://feedproxy.google.com/~r/Techcrunch/~3/pyjqj4XBsVw/
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This is an awesome shot of a test F-35 zipping around California's Edwards Air Force Base sent to us by a tipster. Can you imagine this buzzing by your window?
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All Critics (154) | Top Critics (33) | Fresh (151) | Rotten (3)
For at least three-quarters of the way, this is a fine film, and one that kids and parents could see together.
There is an enchanted-fairy-tale aspect to Mud, but its bright, calm surface only barely disguises a strong, churning undercurrent.
A modern fairy tale, steeped in the sleepy Mississippi lore of Twain and similar American writers, and with a heart as big as the river is wide.
Nichols has a strong feeling for the tactility of natural elements-water, wood, terrain, weather.
Nichols takes his time with the story, dwelling on how the boy is shaped by the killer's tragic sense of romance, yet the suspense holds.
"Mud" isn't just a movie. It's the firm confirmation of a career.
Warm, humorous, and smart, a Huckleberry Finnish snapshot of carefree boyhood on the brink of adolescence.
Mud is about the fragility of men, the craving to be loved - by a woman, by other men - and how easily that love is misplaced, taken away, cheated or lost.
Mud has a rare big-screen beauty, and its old-fashioned storytelling recalls A River Runs Through It, Night of the Hunter, and Stand By Me.
This moody, broody character-driven crime story is another fine step in the career redemption of Matthew McConaughey.
Mud is the kind of small scale, character driven drama one rarely sees out of the States any more, and cements Nichols as one of his country's most significant independent auteurs.
Just like its lead character, this film is packed to the brim with sadness, swagger and soul.
All the women in this movie are shrews, liars and/or emasculators.
Mud is a moving exploration into the nature of manhood, with superb performances, striking location and engrossing story creating a mesmerising and heartfelt coming of age drama.
A stripped back approach to tracking the process of growing up, but lacks the faith to see the plan executed to the end
Nichols takes his time unravelling Mud and Ellis's entwined fates, but his characters are so rich that it's well worth being in their company.
In its energy and nuance, Mud seems like the kind of film Hollywood would've made in the Seventies, and would've continued to do if not for the advent of market-conscious filmmaking.
More than a mere tribute to Twain and Dickens: this has all the makings of a modern classic.
An extremely sophisticated and progressive examination on how adolescent masculinity is defined by often-contradictory cultural attitudes towards femininity.
Mud is as beautiful to watch as it is to listen to, and feel kinship to, whether you're from the South or just Southern at heart.
In Jeff Nichols, America has a champion of the religious and working class. With the schism between the right and left in the U.S. growing ever larger... his ascent couldn't have come at a better time.
This is a film with a great naturalistic style and captivating performances and which does just about everything right.
Jeff Nichols writes characters with depth, nurtures strong performances form his cast and allows the screenplay's backwater setting to effectively create tone and texture.
This is American cinema at its very best as Huckleberry Finn meets Stand By Me.The two boys are terrific and McConaughey is sensational as Mud, dazzlingly frazzled as the hunted and haunted man on the run.
Up till just past the three-quarter mark, Mud is one heck of a nifty psychological fable.
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Source: http://www.rottentomatoes.com/m/mud_2012/
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CHICAGO (AP) ? Many heart specialists are hardly Dr. Ruth ? sex is not something they relish bringing up with patients. But new guidance says they should, early and often, to let survivors know intimacy is often possible after a heart attack.
Discussions should involve everything from when and how to resume sex, to what position might be best for some conditions or not advised for others, according to a consensus statement released Monday by the American Heart Association and the European Society of Cardiology.
It's billed as the first scientific statement with detailed guidance on resuming sex after a heart attack, stroke or other cardiac condition and is based on a review of medical literature.
"Sexual health is an important part of the overall health of the individual," even for the oldest patients, said Elaine Steinke, a researcher and professor of nursing at Wichita State University in Kansas. Steinke was the lead author of the statement published in the heart association's Circulation journal and the European Heart Journal.
Co-author Tiny Jaarsma, a professor and heart failure researcher at Sweden's Linkoping University, said in an email that doctors and nurses "rarely discuss sex 'spontaneously', but often wait until the patient brings up questions around sex. Health care providers often are afraid to upset patients or might feel embarrassed themselves."
Fears and anxieties about resuming sex are often numerous: Will it cause another heart attack? Can I use Viagra? What if my defibrillator goes off during sex? And many are too shy to ask, so heart doctors, nurses and other health care workers should take the lead and initiate the discussion with men and women patients of all ages and their partners, according to the statement.
Many heart patients can safely resume sexual intercourse after first checking with their doctors, and the answers to many questions depend on each patient's overall health, the guidance says. Patients with mild, stable chest pain face a low risk for a sex-triggered heart problem, whereas patients with advanced heart failure should postpone sex until their condition is stabilized.
General precautions listed in the statement include:
?Before resuming sex, make sure you can engage in moderate physical activity, such as walking briskly up two flights of stairs, without chest pain, breathlessness or other symptoms.
?If moderate activity is too strenuous, avoid intercourse but not intimacy: hugging and kissing may be OK.
?Have sex in a comfortable, familiar place and avoid things that could add stress to the experience, including extramarital affairs.
?Tell your doctor about any symptoms during sex, including chest pain, dizziness or insomnia afterward.
?Some positions may not be safe. Heart bypass surgery patients should avoid being on top in the missionary position, and Steinke said having sex in a more "upright position" may be easier for some heart failure patients, whose symptoms may include shortness of breath.
Ruth Westheimer, the famed 85-year-old sex therapist known as "Dr. Ruth," commented on the study Monday through her publicist from Switzerland, where she was hiking.
When hospitals have invited her to speak, she always gives the same message: "Doctors need to ask their patients about sexual functioning," even if both sides are embarrassed by the topic.
"When it comes to sex and heart issues, in my experience it's as likely to be the partner of the heart patient who is afraid of having sex because it might cause a heart attack as the patient him or herself," Westheimer said. "What I suggest is that people write down their questions and send it to the doctor in advance of their appointment. That way they'll be sure the question gets asked and the doctor will have had time to get prepared to answer it."
Dr. Vijay Divakaran, a cardiologist with Scott & White Hospital in Round Rock, Texas, said the consensus statement is important and will change practice. Cardiologists don't get formal training in discussing sexual issues with their patients but the conversations get easier, he said
"Sometimes patients don't talk about it, they just Google it, and there's a lot of misconceptions" online, Divakaran said. "Once you start asking them, you would be surprised that it almost always is an issue."
___
Online:
American Heart Association: http://www.heart.org
___
AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com/LindseyTanner
Source: http://news.yahoo.com/sex-heart-attack-docs-urged-advice-202336268.html
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On Sunday, Oct. 6, WWE pay-per-view returns to Buffalo, N.Y., for the first time in two years with an all-new, landmark event: WWE Battleground!
Taking place at Buffalo's First Niagara Center, tickets for the huge debut go on sale this Saturday, Aug. 3, at 10 a.m. ET and will be available at the box office and Tickets.com.
Featuring all of the top WWE Superstars and Divas ? including WWE Champion John Cena, CM Punk, Rob Van Dam, ?Mr. Money in the Bank? Randy Orton and more ? the inaugural WWE Battleground is sure to be a spectacular that no WWE fan will want to miss.
There?s just no telling what type of action is in store for members of the WWE Universe when the world's top competitors converge on one the United States? true wrestling hotbeds, Buffalo!
View CommentsSource: http://www.wwe.com/shows/wwe-battleground/wwe-battleground-debuts-oct-6
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Source: http://www.facebook.com/gmanews/posts/10151535433706977
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Here are some top solar energy, wind energy, and energy efficiency stories we think are worth a read (after you?ve read our own stories on these topics, of course. 
). There are links on each of the titles below ? click through to read more!
Zachary Shahan I'm the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. I've been covering green news of various sorts since 2008, and I've been especially focused on solar energy, electric vehicles, bicycling, and wind energy for the past few years. Aside from my work on CleanTechnica and Planetsave, I'm the Network Manager for their parent organization ? Important Media ? and I'm the Owner/Founder of Solar Love, EV Obsession, and Bikocity. To connect on some of your favorite social networks, go to ZacharyShahan.com or click on some of the links below.
Source: http://feeds.importantmedia.org/~r/IM-cleantechnica/~3/7GcyM1bo8us/
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Public release date: 29-Jul-2013
Share ] Contact: Jim White
James.White@colorado.edu
303-492-7909
University of Colorado at Boulder
Year-round ice-free conditions across the surface of the Arctic Ocean could explain why the Earth was substantially warmer during the Pliocene Epoch than it is today, despite similar concentrations of carbon dioxide in the atmosphere, according to new research carried out at the University of Colorado Boulder.
In early May, instruments at the Mauna Loa Observatory in Hawaii marked a new record: The concentration of carbon dioxide climbed to 400 parts per million for the first time in modern history.
The last time researchers believe the carbon dioxide concentration in the atmosphere reached 400 ppmbetween 3 and 5 million years ago during the Pliocenethe Earth was about 3.5 to 9 degrees Fahrenheit warmer (2 to 5 degrees Celsius) than it is today. During that time period, trees overtook the tundra, sprouting right to the edges of the Arctic Ocean, and the seas swelled, pushing ocean levels 65 to 80 feet higher.
Scientists' understanding of the climate during the Pliocene has largely been pieced together from fossil records preserved in sediments deposited beneath lakes and on the ocean floor.
"When we put 400 ppm carbon dioxide into a model, we don't get as warm a planet as we see when we look at paleorecords from the Pliocene," said Jim White, director of CU-Boulder's Institute of Arctic and Alpine Research and co-author of the new study published online in the journal Palaeogeography, Paleoclimatology, Palaeoecology. "That tells us that there may be something missing in the climate models."
Scientists have proposed several hypotheses in the past to explain the warmer Pliocene climate. One idea, for example, was that the formation of the Isthmus of Panama, the narrow strip of land linking North and South America, could have altered ocean circulations during the Pliocene, forcing warmer waters toward the Arctic. But many of those hypotheses, including the Panama possibility, have not proved viable.
For the new study, led by Ashley Ballantyne, a former CU-Boulder doctoral student who is now an assistant professor of bioclimatology at the University of Montana, the research team decided to see what would happen if they forced the model to assume that the Arctic was free of ice in the winter as well as the summer during the Pliocene. Without these additional parameters, climate models set to emulate atmospheric conditions during the Pliocene show ice-free summers followed by a layer of ice reforming during the sunless winters.
"We tried a simple experiment in which we said, 'We don't know why sea ice might be gone all year round, but let's just make it go away,' " said White, who also is a professor of geological sciences. "And what we found was that we got the right kind of temperature change and we got a dampened seasonal cycle, both of which are things we think we see in the Pliocene."
In the model simulation, year-round ice-free conditions caused warmer conditions in the Arctic because the open water surface allowed for evaporation. Evaporation requires energy, and the water vapor then stored that energy as heat in the atmosphere. The water vapor also created clouds, which trapped heat near the planet's surface.
"Basically, when you take away the sea ice, the Arctic Ocean responds by creating a blanket of water vapor and clouds that keeps the Arctic warmer," White said.
White and his colleagues are now trying to understand what types of conditions could bridge the standard model simulations with the simulations in which ice-free conditions in the Arctic are imposed. If they're successful, computer models would be able to model the transition between a time when ice reformed in the winter to a time when the ocean remained devoid of ice throughout the year.
Such a model also would offer insight into what could happen in our future. Currently, about 70 percent of sea ice disappears during the summertime before reforming in the winter.
"We're trying to understand what happened in the past but with a very keen eye to the future and the present," White said. "The piece that we're looking at in the future is what is going to happen as the Arctic Ocean warms up and becomes more ice-free in the summertime.
"Will we continue to return to an ice-covered Arctic in the wintertime? Or will we start to see some of the feedbacks that now aren't very well represented in our climate models? If we do, that's a big game changer."
###
CU-Boulder geological sciences Professor Gifford Miller also is a co-author of the study. Researchers from Northwestern University and the National Center for Atmospheric Research also were involved in the study, which was supported by a grant from the National Science Foundation.
[ | E-mail | Share ] ?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Public release date: 29-Jul-2013 Share ] Contact: Jim White
James.White@colorado.edu
303-492-7909
University of Colorado at Boulder
Year-round ice-free conditions across the surface of the Arctic Ocean could explain why the Earth was substantially warmer during the Pliocene Epoch than it is today, despite similar concentrations of carbon dioxide in the atmosphere, according to new research carried out at the University of Colorado Boulder.
In early May, instruments at the Mauna Loa Observatory in Hawaii marked a new record: The concentration of carbon dioxide climbed to 400 parts per million for the first time in modern history.
The last time researchers believe the carbon dioxide concentration in the atmosphere reached 400 ppmbetween 3 and 5 million years ago during the Pliocenethe Earth was about 3.5 to 9 degrees Fahrenheit warmer (2 to 5 degrees Celsius) than it is today. During that time period, trees overtook the tundra, sprouting right to the edges of the Arctic Ocean, and the seas swelled, pushing ocean levels 65 to 80 feet higher.
Scientists' understanding of the climate during the Pliocene has largely been pieced together from fossil records preserved in sediments deposited beneath lakes and on the ocean floor.
"When we put 400 ppm carbon dioxide into a model, we don't get as warm a planet as we see when we look at paleorecords from the Pliocene," said Jim White, director of CU-Boulder's Institute of Arctic and Alpine Research and co-author of the new study published online in the journal Palaeogeography, Paleoclimatology, Palaeoecology. "That tells us that there may be something missing in the climate models."
Scientists have proposed several hypotheses in the past to explain the warmer Pliocene climate. One idea, for example, was that the formation of the Isthmus of Panama, the narrow strip of land linking North and South America, could have altered ocean circulations during the Pliocene, forcing warmer waters toward the Arctic. But many of those hypotheses, including the Panama possibility, have not proved viable.
For the new study, led by Ashley Ballantyne, a former CU-Boulder doctoral student who is now an assistant professor of bioclimatology at the University of Montana, the research team decided to see what would happen if they forced the model to assume that the Arctic was free of ice in the winter as well as the summer during the Pliocene. Without these additional parameters, climate models set to emulate atmospheric conditions during the Pliocene show ice-free summers followed by a layer of ice reforming during the sunless winters.
"We tried a simple experiment in which we said, 'We don't know why sea ice might be gone all year round, but let's just make it go away,' " said White, who also is a professor of geological sciences. "And what we found was that we got the right kind of temperature change and we got a dampened seasonal cycle, both of which are things we think we see in the Pliocene."
In the model simulation, year-round ice-free conditions caused warmer conditions in the Arctic because the open water surface allowed for evaporation. Evaporation requires energy, and the water vapor then stored that energy as heat in the atmosphere. The water vapor also created clouds, which trapped heat near the planet's surface.
"Basically, when you take away the sea ice, the Arctic Ocean responds by creating a blanket of water vapor and clouds that keeps the Arctic warmer," White said.
White and his colleagues are now trying to understand what types of conditions could bridge the standard model simulations with the simulations in which ice-free conditions in the Arctic are imposed. If they're successful, computer models would be able to model the transition between a time when ice reformed in the winter to a time when the ocean remained devoid of ice throughout the year.
Such a model also would offer insight into what could happen in our future. Currently, about 70 percent of sea ice disappears during the summertime before reforming in the winter.
"We're trying to understand what happened in the past but with a very keen eye to the future and the present," White said. "The piece that we're looking at in the future is what is going to happen as the Arctic Ocean warms up and becomes more ice-free in the summertime.
"Will we continue to return to an ice-covered Arctic in the wintertime? Or will we start to see some of the feedbacks that now aren't very well represented in our climate models? If we do, that's a big game changer."
###
CU-Boulder geological sciences Professor Gifford Miller also is a co-author of the study. Researchers from Northwestern University and the National Center for Atmospheric Research also were involved in the study, which was supported by a grant from the National Science Foundation.
[ | E-mail | Share ] ?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Source: http://www.eurekalert.org/pub_releases/2013-07/uoca-iaw072913.php
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The driver of the fast-moving train that derailed on Wednesday in Spain, killing 78 people, was released from the hospital Saturday. NBC's Lester Holt reports.
By The Associated Press
SANTIAGO DE COMPOSTELA, Spain --?Spain's interior minister announced Saturday that the driver whose speeding train crashed, killing 78 people, is now being held on suspicion of negligent homicide.
Minister of Interior Jorge Fernandez Diaz announced the step against Francisco Jose Garzon Amo, who previously had been detained on suspicion of recklessness.
The minister also said Garzon, 52, has been discharged from the hospital and taken to a police station.
Lavandeira Jr / EPA
Scores are killed and injured in a train derailment in NW Spain.
Blame has increasingly fallen on the driver, with the country's railway agency saying it was his responsibility to brake before going into the high-risk curve where the train tumbled off the rails and smashed into a wall. But it's still not clear whether the brakes failed or were never used, and the driver has remained silent so far.
A blood-soaked Garzon was photographed Wednesday being escorted away from the wreckage, at first by civilians who had hurried to the scene of the accident and then by police, but it is not clear just what his medical status is.
Unconfirmed media reports said that Garzon had injured ribs.
He had been expected to give a preliminary statement to judicial police as early as Thursday, but that process was delayed, reportedly due to health reasons. Earlier Saturday, the justice department said Garzon's first appearance before a judge had been postponed until Sunday.
In Wednesday's crash, the train's eight carriages packed with 218 passengers blazed far over the speed limit into a curve and violently tipped over. Diesel fuel sent flames coursing through some cabins.
The president of Adif, the Spanish rail agency, said that the driver should have started slowing the train 4 kilometers (2.5 miles) before the dangerous bend. He said signs clearly marked this point when the driver must begin to slow.
Normally, police take a first statement that is then examined by an investigating judge who must then take testimony within 72 hours of the arrest. That deadline is Sunday.
Although that initial court hearing would be closed, it would give hints about the status of the investigation. The judge would decide whether to jail the driver as an official suspect, release him on bail, or release him without charges. If a judge finds sufficient evidence for a criminal trial, the suspect will be charged and a trial date set.
Related:
? 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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The veterinarian examined Bella, a spotted cocker spaniel, and quickly concluded she was obese and needed to lose weight.
Working with a trainer, Maria Gastelum put her pooch on a nutrition and fitness plan. The regimen produced another benefit: Gastelum started to eat better and exercise more.
"If I didn't have her, I wouldn't own a pair of tennis shoes," said the Ontario resident. "It's really unbelievable how she's motivated me."
Los Angeles County public health officials hope that millions of pets living in the region can provide the same sort of inspiration and results for their owners. The idea is simple: If people won't exercise, eat better and stop smoking for themselves, maybe they will for their pets.
"You look at pets, and they look like their owners," said Karen Ehnert, acting director of veterinary public health for the L.A. County Department of Public Health. "We envision that by improving their pet's health, we can improve the family's health as well."
A year-old coalition of veterinarians, doctors, health educators, animal trainers and others called Healthy Pets, Healthy Families is trying to figure out how best to accomplish that. The group has conducted surveys of vets and pet owners and identified the areas where human and animal health overlap. Now, members are designing health education campaigns and finalizing goals for the year 2020, including reducing the number of pet owners who smoke and increasing the proportion of dog owners who go on daily walks. They also want to promote smoke-free parks.
Ehnert, who is heading the coalition, wants owners to think more about what both they and their pets eat and to view their dogs as exercise buddies. She is encouraging neighborhood dog-walking clubs, which she said have the added benefit of reducing isolation.
Nationwide, about 53% of dogs and 58% of cats are overweight or obese, according to the Assn. for Pet Obesity Prevention. They are at higher risk for diabetes, arthritis, hypertension and respiratory conditions. Many of the owners who have overweight dogs are overweight themselves, according to a 2010 academic study.
Veterinarians are often reluctant to talk about obesity with the owners, who may treat their pets like children and overindulge them, said Peter Weinstein, the executive director of the Southern California Veterinary Medical Assn. and a member of the coalition. "A discussion with a pet owner about their pet's weight is a very touchy subject, especially when an owner also has a weight problem," he said.
The causes of obesity are the same in both pets and humans: not enough exercise and too much unhealthy food, experts say. Just as humans snack on potato chips, animals snack on treats and table scraps ? and both gain weight. "We have gotten as a population into bad habits for ourselves, and we have extended them to our pets," Weinstein said. "We need to find ways to change those habits."
Gastelum acknowledged she and Bella had developed bad habits. After a long day at work in Los Angeles, Gastelum used to arrive home and collapse on the couch. Bella ate too much during the day and they rarely walked in the evenings. They both felt exhausted.
"I would feed off her energy and she would feed off mine," she said. "We just lagged."
After being warned about her dog's weight problem, Gastelum started working with Melissa Morrison, founder of Fur Fitness, an organization that works to reduce pet obesity through training and education. Morrison said her clients feel embarrassed about their pets' obesity and are usually eager to get them slimmed down. Sometimes, she said, the owners see their pets lose weight and say, "That is great you got the dog healthy ? what about me?"
During a recent Healthy Pets coalition meeting in Los Angeles, participants broke into groups to discuss topics such as obesity, secondhand smoke, bite prevention and the importance of vaccinations.
At one table, they talked about pet owners failing to recognize the dangers of pets breathing cigarette smoke and eating cigarette butts. The public health department distributed copies of fliers explaining the risks and urging pet owners, "Stop smoking for their health and yours!" One postcard, featuring a photo of a dog with a gas mask, reads: "Got Fresh Air?"
At another table, Weinstein noted owners unwittingly overfeed their pets, advising they give their dog just a cup of food when the container they use holds several cups.
Heather Readhead, a family medicine doctor with the public health department, said she has seen similar problems with her diabetic patients. Readhead said she didn't know much about animal health before joining the coalition but now sees opportunities to help people by focusing on how they care for their pets.
Gastelum set out to exercise with Bella on a recent morning, hooking on a pink and black leash and grabbing a bottle of water. They walked briskly through their quiet Inland Empire neighborhood to a local school, where Bella chased Gastelum around the grass, taking breaks only to take a few sips of water from a small bowl.
A bird flew by and Bella took off running. "Go get 'em, baby girl," she said, but the bird was too fast.
Since starting the fitness routine last year, Gastelum said she has lost six pounds and Bella has dropped 10. They both stopped being couch potatoes and now have much more energy.
Back home, Bella, panting softly, climbed up onto a leopard-spotted blanket. Gastelum, face glistening with sweat, sat down beside her and patted Bella's head.
anna.gorman@latimes.com
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From The NY Post:
Baseball artifacts stolen 40 years ago from the main branch of the New York Public Library are popping up online, and the FBI appears as stumped as a grade-schooler deciphering the Dewey Decimal System.
The library is missing several hundred relics donated by baseball magnate Albert Spalding?s widow in 1921 ? including a $50,000 photo of the 1869 Cincinnati Red Stockings, ancient baseball cards and letters to and from one of baseball?s founding fathers, Harry Wright.
The missing materials ? including score sheets from baseball?s first game in 1846 between the Knickerbockers and the New York Nine, and the constitution of Brooklyn?s Excelsior baseball club from 1865 ? are worth more than $1 million, memorabilia blogger Peter Nash estimated.
The FBI launched an investigation into the ballgame bygones in 2009, confiscating 25 lots of letters from Pennsylvania-based sports memorabilia dealer Hunt Auctions.
[Clip]
Now the library is playing hardball to get its property back and is exploring legal options against consignors.
?The New York Public Library has made it extremely clear that it wants all of its materials returned and made accessible to the public, where they belong,? said spokeswoman Angela Montefinise.
Read the Complete Article
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Friday, July 26 2013, 10:39 PM MDT
House Fire Damages Wedding Preparations (KUTV) The community rallied behind a Provo family whose daughter's wedding preparations were destroyed in a fire.Crews battled the early morning house fire at 2803 West 880 North Friday. Officials say the fire started in the garage. Firefighters were able to contain the fire and keep most of it to the garage.
Connie Law
said she had been planning her daughter?s wedding and had all of their
preparations in the garage ? everything was lost, besides the daughter?s
wedding dress which was at the dry cleaners.
Investigators
say rags soaked with stain self-combusted and set the garage on fire.
The family said they had just stained their deck and had been doing a
lot of work on their home and hard in preparation for the
upcoming backyard wedding.
Several in the community and 2News Facebook fans have stepped up with offers to help. The family is very grateful for the offers, but says that right now, they're still taking some time to process the tragedy before making any decisions.
(Copyright 2013 Sinclair Broadcasting Group.) House Fire Damages Wedding Preparations
Source: http://kutv.com/news/top-stories/stories/house-fire-damages-wedding-preparations-6034.shtml?wap=0
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By Neha Dasgupta
MUMBAI (Reuters) - India's Lanco Infratech Ltd
If the process is approved by its lenders, Lanco would be the second debt-laden company to go for a major loan restructuring within nine months, after lenders to wind turbine maker Suzlon Energy
Lanco, which produces power, builds roads and constructs residential and commercial buildings, has asked banks to restructure the debt, a company statement said on Saturday.
The Business Standard newspaper earlier said Lanco had started discussion with its bankers to restructure debt worth 90 billion rupees.
The company, which acquired Australia's Griffin Coal Mining Co for about $760 million in 2011, said the debt restructuring would involve Lanco Infratech as a standalone unit and would not impact any of its units including the Australian business.
Banks bring cases to the so-called corporate debt restructuring process to negotiate relaxed repayment terms with struggling borrowers.
Many lenders have expressed worry about loans to the power, commercial real estate, construction, aviation, textile and metals sectors, which are among those hardest-hit by slowing growth and sluggish policymaking that has deterred investment.
"The current adverse macro-economic situation that has been prevailing in India since last 12 months has affected the performance of LITL's EPC business as well as the subsidiary business," the company said referring to the engineering, procurement and construction business.
"We expect this situation to remain for another 18 to 24 months time," it said, adding the restructuring process will help Lanco to complete its ongoing projects on time.
Lanco, which had total debt of 336 billion rupees as of the end of March, posted losses in the last two financial years, as the weak Indian economy, growing at its slowest in a decade, hit infrastructure investment.
Project bottlenecks, largely because of problems in acquiring land, and high funding costs, have also sapped investment in the infrastructure industry in Asia's third-largest economy.
(Writing by Sumeet Chatterjee; Editing by Robert Birsel and David Holmes)
Source: http://news.yahoo.com/indias-lanco-infra-starts-process-restructure-1-3-144311376.html
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I'm probably not as big a fan as some of you guys when it comes to Daria and/or Aubrey Plaza but even I have to admit Aubrey Plaza as Daria in a real life movie of Daria is all kinds of awesome. I'd actually like it if more movies and TV shows flip flopped into different style: Game of Thrones as an animated movie Pixar-style, Wall-E as a premium cable TV show and so on.
Source: http://gizmodo.com/this-weeks-top-comedy-video-daria-movie-trailer-929435052
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Pegboards are wonderful tools for organizing all sorts of things. You can even use one to upgrade one wall of your office for a display and accessorizing system you can easily switch up whenever you want.
Flickr user travisdodson doesn't have much on his wall (though in the back you can see a room full of gear neatly organized on a pegboard). Still, it's not hard to see how you could hang clipboards, photo frames, accessories for your many computers, and even plants on that versatile wall.
If you have a workspace of your own to show off, share them with us by: a) posting it in the discussion below, attaching your image to the post, b) posting it to your personal Kinja blog using the tag featured workspace, or c) adding it to ourLifehacker Workspace Show and Tell Flickr pool. Make sure any photos you include are at least 640x360. Keeping them to 16:9 helps, too! Include a little text about the stuff you used, how you came up with the design, and any other relevant details. If your clever organization and good design sense catches our eye, you might be the next featured workspace.
My workspace | Flickr
Source: http://feeds.gawker.com/~r/lifehacker/full/~3/RHDuGr38YPM/the-pegboard-wall-workspace-897797374
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KMOV.com
Posted on July 24, 2013 at 6:14 PM
Updated today at 6:21 PM
(KMOV.com) -- So how is the St. Louis job market and economy?
The area does have growing industries that are hiring.
Express Scripts has had a big impact on the St. Louis area and its economy in a relatively short period of time.
The company was founded in 1986, but the really big push has come in the last couple of years while other companies struggled.
In June of 2010, the company opened its Technology and Innovation Center, creating hundreds of new jobs.
In December of that year, the company announced a $73 million expansion of its north St. Louis County headquarters- including the promise of more jobs.
In April of 2012, the company got FTC clearance for a merge with MedCo, creating the largest pharmacy provider in the United States.
Just last month, Express Scripts announced it will hire 1,500 more highly paid workers.
Wednesday Brian Henry, Vice President of Corporate Communications at Express Scripts, joined News 4 for a sit down interview.?
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FOXBOROUGH, Mass. (AP) ? A grim-faced coach Bill Belichick said Wednesday the New England Patriots will learn from the "terrible experience" of Aaron Hernandez's arrest on a murder charge and work to improve their player evaluation process.
Speaking publicly for the first time since the tight end was arrested four weeks earlier, Belichick said he was "shocked and disappointed" to learn of the criminal investigation while he was out of the United States.
He also sought to minimize future attention on the case.
"My comments are certainly not in proportion to the unfortunate and sad situation that we have here, but I've been advised to address the subject once, and it's time for the New England Patriots to move forward," Belichick said. "Moving forward consists of what it's always been here ? to build a winning football team, to be a strong pillar in the community and be a team that our fans can be proud of.
"I'm not trying to make this story disappear, but I respect the judicial process and have been advised not to comment on ongoing legal proceedings. I'm advising our players to do the same things."
The Patriots cut Hernandez after he was arrested the morning of June 26 and before he was charged that afternoon. Hernandez has pleaded not guilty.
Players are scheduled to report to training camp on Thursday when quarterback Tom Brady and the five other captains from last season will be available to reporters. The first practice is scheduled for Friday.
Belichick opened his 22-minute news conference by speaking from prepared notes.
He expressed sympathy for the family of shooting victim Odin Lloyd, said the team's in-depth process of studying a player's background is "far from perfect" but wouldn't be overhauled, and took responsibility for bringing people to the team.
"The hundreds of players we've had through this program in the last 14 years, there's been a lot of good ones, a lot of real good ones," said Belichick, who became coach in 2000. "We'll try to do a good job in bringing people into this organization in the future and try to learn from the mistakes that we've made along the way, of which there have been plenty."
At about the same time as Belichick was speaking, Hernandez was in court for a probable cause hearing in which prosecutors asked for more time to present evidence to a grand jury. The hearing was rescheduled for Aug. 22.
"Our thoughts and prayers are with the family of the victim and I extend my sympathy really to everyone who has been impacted," Belichick said. "A young man lost his life. His family has suffered a tragic loss and there's no way to understate that."
Belichick was unusually expansive in his answers. He declined to answer some questions about Hernandez, saying he had been advised not to answer those about people involved in the legal case.
"This case involves an individual who happened to be a New England Patriot, and we certainly do not condone unacceptable behavior and this does not in any way represent the way that the New England Patriots want to do things," he said. "As the coach of the team, I'm primarily responsible for the people that we bring into the football operation."
He didn't say, in response to a question, if he had talked with Hernandez since the player's name was linked to it.
Belichick said "the fundamentals" of the Patriots' player evaluation process will stay the same as they've been since he became coach in 2000, but the team will work hard to do it better.
Hernandez dropped to the fourth round in the 2010 NFL draft because of character issues. Several teams took him off their draft board.
"We look at every player's history from the moment we start discussing it," Belichick said, "going back to his family, where he grew up, what his lifestyle was like, high school, college experiences. We evaluate his performance, his intelligence, his work ethic, his motivation, his maturity, his improvement and we try to project that into our organization on a going-forward basis."
Belichick wouldn't answer a question about starting cornerback Alfonzo Dennard, who was charged with first-offense drunken driving after being pulled over in his car on July 11 in Lincoln, Neb., while on probation. He remains on the team.
Players are evaluated on "a case-by-case basis," Belichick said. "Whatever the circumstances are on any one individual, you'll have to make the decision based on an individual basis."
With Hernandez, he said, the team "acted swiftly and decisively" to cut him. "Having someone in your organization that's involved in a murder investigation is a terrible thing."
Patriots owner Robert Kraft has said he was "duped" by Hernandez. When Belichick was asked if he also had been "duped," he said he couldn't comment.
"We stress high character and we stress making good decisions," Belichick said. "We'll learn from this terrible experience that we've had.
"We'll become a better team from the lessons that we've learned."
Source: http://news.yahoo.com/belichick-says-pats-learn-hernandez-case-224056393.html
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Scientists have confirmed one of the rarest phenomena of decay in particle physics, found about three times in every billion collisions at the LHCb.
They observed a rare transformation of one subatomic particle into another for the first time.
The way this unfolds casts doubt on versions of the theory of physics known as Supersymmetry (Susy).
It was hoped Susy could explain gaps in the most established theory of how the Universe works.
The vast LHC machine, housed in a circular tunnel that runs for 27km beneath the French-Swiss border, smashes beams of protons together at close to light speeds.
Detectors positioned at key points around the underground "ring" are then used to scour the wreckage of these collisions for signs of new particles and physical phenomena.
The theory Susy proposes that each particle has a heavier version of itself which could explain the ever mysterious dark matter, believed to make up a quarter of our Universe.
Needle in a haystackHowever, the rate of decay found was predicted by the Standard Model - the framework for particle physics devised in the 1960s and 1970s - even though it's now seen as an incomplete description of nature.
It is not yet able to explain gravity, or indeed the dark matter and dark energy which together make up 95% of the Universe.
Some particles naturally decay into others and the types of decay can help physicists refine key theories. Here scientists found a particle called a Bs meson decaying into two muons for the first time.
The findings were announced at the EPS conference in Stockholm and had the 5-sigma level of significance required to reach the level of a formal discovery.
This builds on a previous announcement of the findings which had lesser statistical significance as the team had not yet analysed all the data.
The observations at LHCb and CMS were so rare that Bs mesons only decayed into two muons about three times in every billion collisions.
The LHCb team announced: "Finding particle decays this rare makes hunting for a needle in a haystack seem easy."
This is due to the hundreds of millions of collisions the LHC produced every second, with each one producing hundreds of new particles that leave electrical signals in the giant detectors.
Quantum loopVal Gibson, leader of the Cambridge particle physics group and member of the LHCb experiment, told BBC News that it was the rarest decay they have observed so far.
"The reason it's so rare is the fact that it doesn't decay easily into the final quark particles we know about. It has to go through a loop process, like a quantum loop. It's not a straight road but it has to go round a roundabout before it can get to the final state particles.
"Because it's got this roundabout in it, it means that other heavy supersymmetric particles [could potentially] enter the roundabout and make a big difference to the decay rate," Prof Gibson added.
But the quarks did not have heavy particles blocking the decay.
Shy physics"There was no observation of Supersymmetry, you would have to fine-tune the theory to explain the measurements found," Prof Gibson explained.
"The Supersymmetry theorists have not given up, however it is becoming harder and harder for them to explain these findings.
"Measurements of this very rare decay significantly squeeze the places new physics can hide. The UK LHCb team are now looking forward to the LHC returning at even higher energy and to an upgrade to the experiment so that we can investigate why new physics is so shy."
Tara Shears from the University of Liverpool also works with the LHCb, but was not involved with this particular discovery. She said: "Supersymmetry is starting to look less likely to be a good description of the universe."
"The catch is that Supersymmetry is quite a loosely defined theoretical model which means it has many uncertainties in it. It's impossible to rule it out altogether.
"This result has has really put the squeeze on the possibilities of the different ways Supersymmetry could be possible," she told BBC News.
But John Ellis, professor of theoretical physics at King's College London, told BBC News that the results were not evidence against Supersymmetry.
"It is as if the experiments had looked though a powerful telescope and not seen a new star they had been looking for.
"If the telescope is pointed in the wrong direction, it will not find it. Supersymmetry is a complicated theory with many parameters, and there are directions in parameter space where the Bs meson into two muons 'telescope' sees nothing."
? The Standard Model is the simplest set of ingredients - elementary particles - needed to make up the world we see in the heavens and in the laboratory
? Quarks combine together to make, for example, the proton and neutron - which make up the nuclei of atoms today - though more exotic combinations were around in the Universe's early days
? Leptons come in charged and uncharged versions; electrons - the most familiar charged lepton - together with quarks make up all the matter we can see; the uncharged leptons are neutrinos, which rarely interact with matter
? The "force carriers" are particles whose movements are observed as familiar forces such as those behind electricity and light (electromagnetism) and radioactive decay (the weak nuclear force)
? The Higgs boson came about because although the Standard Model holds together neatly, nothing requires the particles to have mass; for a fuller theory, the Higgs - or something else - must fill in that gap
Source: http://www.bbc.co.uk/news/science-environment-23431797#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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Good news from the jungles of Africa. The rate of deforestation in the centre of the continent is down by more than a third ? and the savannah woodlands to the north and south may actually be increasing.
New analysis of images from NASA's Landsat satellites has found that 18,000 square kilometres of forest was destroyed in the Congo basin between 2000 and 2010, a net loss of 1 per cent. That figure was sharply down on the 29,000 square kilometres lost in the preceding decade, says Philippe Mayaux of the European Commission's Joint Research Centre in Ispra, Italy.
According to Mayaux, the reprieve is partly because of sluggish economic growth in Africa, and partly because foreign investment there has concentrated on mining and oil rather than logging or commercial agriculture. This is in contrast to south-east Asia, where forest clearance for pulp and paper manufacture, and for palm oil production, has been in overdrive.
Even more encouraging is a separate study that looked at changes to woodland cover in the savannah regions either side of the Congo basin. Edward Mitchard and Clara Flintrop of the University of Edinburgh, UK, have reviewed 16 existing studies of forest cover and concluded that regrowth of woodland in these areas has exceeded loss.
"Africa's woodlands and savannahs are reforesting," says Mitchard. He says this regreening, which has been under way since at least the mid-1980s, is happening as farmers move to the cities and abandon their land. His own field research shows that "in central Cameroon, the forest is coming back really fast ? it is exciting news".
Mitchard and Flintrop argue that many studies are biased towards detecting deforestation as opposed to a forest's recovery. This is understandable because deforestation is sudden and so easier to detect, and most monitoring bodies are set up because of concerns over losses.
The slowdown in African deforestation parallels a similar trend in Brazil. According to the Brazilian Ministry of Environment, since 2004 deforestation in the Brazilian Amazon, the world's largest rainforest, has fallen by more than 70 per cent.
Not everyone is convinced the trend will last, however. Campaigner Simon Counsell of the London-based charity Rainforest Foundation UK says there has been a revival of forest clearance in the Congo basin since 2010, much of it for palm-oil plantations. "According to our calculations, deforestation in the Republic of the Congo has nearly doubled in the past year, and in Gabon by 150 per cent."
"Central Africa is at a pivotal moment," agrees Simon Lewis of the University of Leeds, UK. Land-grabbing by industrial agriculture could see central Africa follow a similar path of destruction as south-east Asia, he says.
Journal reference: Philosophical Transactions of the Royal Society B, DOI: 10.1098/rstb.2012.0300 and 10.1098/rstb.2012.0406
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Most people will eventually upgrade to Windows 8, and today you can do so on the cheap. Grab the pro upgrade version on the cheap for $55 today from eBay. The eventual update from this to 8.1 will be free, in case there was any confusion there. [eBay]
| |
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Continued Strong Global Sales and EPS Growth
ANN ARBOR, Mich., July 23, 2013 // PRNewswire // -- Domino's Pizza, Inc. (NYSE: DPZ), the recognized world leader in pizza delivery, today announced results for the second quarter of 2013, comprised of strong same store sales, EPS growth and positive global store count growth. Domestic same store sales grew 6.7% during the quarter versus the year-ago period, continuing the positive sales momentum in the Company's domestic business. The international division also posted strong results with same store sales growth of 5.8% during the quarter, marking the 78th consecutive quarter of international same store sales growth. The Company had global net store growth of 110 stores in the second quarter of 2013.
Second quarter diluted EPS was 57 cents, up 21.3% over the prior year quarter. During the quarter, the Company also repurchased and retired 655,248 shares of its common stock for $38.0 million. Additionally, on July 17, 2013, the Board of Directors declared a 20 cent per share quarterly dividend for shareholders of record as of September 13, 2013 to be paid on September 30, 2013.
J. Patrick Doyle, Domino's President and Chief Executive Officer, said: "Our team is very proud to be driving the continued transformation of this 53-year-old brand. We've not just endured - we've grown and outperformed, and made Domino's a frequent and favorite choice for our customers. Our franchisees around the world are running great and successful businesses. This quarter's results were more evidence for us that we're on the right track with our strategic plan and execution. Our company's valuation has reflected this positive performance and rewarded our shareholders. This all just makes us more energized to keep pushing forward."
|
Second Quarter Highlights: |
|||||||
| ? | |||||||
|
(dollars in millions, except per share data) |
Second Quarter of 2013 |
? |
Second Quarter of 2012 |
? |
Two Fiscal Quarters of 2013 |
? |
Two Fiscal Quarters of 2012 |
|
Net income |
$ 33.3 |
? |
$ 28.1 |
? |
$ 67.7 |
? |
$ 48.8 |
| ? | ? | ? | ? | ? | ? | ? | ? |
|
Weighted average diluted shares |
57,960,232 |
? |
59,449,449 |
? |
58,091,126 |
? |
59,565,656 |
| ? | ? | ? | ? | ? | ? | ? | ? |
|
Diluted earnings per share, as reported |
$ 0.57 |
? |
$ 0.47 |
? |
$ 1.17 |
? |
$ 0.82 |
|
Items affecting comparability* |
$ - |
? |
$ - |
? |
$ - |
? |
$ 0.12 |
|
Diluted earnings per share, as adjusted |
$ 0.57 |
? |
$ 0.47 |
? |
$ 1.17 |
? |
$ 0.94 |
The table below outlines certain statistical measures utilized by the Company to analyze its performance. Refer to the Comments on Regulation G section on page four for additional details.
| ? |
? Second Quarter of 2013 |
? |
? Second Quarter of 2012 |
|
Same store sales growth: (versus prior year period) |
? | ? | ? |
|
Domestic Company-owned stores |
+ 5.7% |
? |
+ 0.3% |
|
Domestic franchise stores |
+ 6.8% |
? |
+ 1.9% |
|
Domestic stores |
+ 6.7% |
? |
+ 1.7% |
|
International stores (constant dollar basis) |
+ 5.8% |
? |
+ 5.7% |
| ? | ? | ? | ? |
| ? | ? | ? | ? |
|
Global retail sales growth: (versus prior year period) |
? | ? | ? |
|
Domestic stores |
+ 7.3% |
? |
+ 1.9% |
|
International stores |
+11.2% |
? |
+ 6.7% |
|
Total |
+ 9.3% |
? |
+ 4.3% |
| ? | ? | ? | ? |
|
Global retail sales growth: (versus prior year period, excluding foreign currency impact) |
? | ? | ? |
|
Domestic stores |
+ 7.3% |
? |
+ 1.9% |
|
International stores |
+13.3% |
? |
+13.8% |
|
Total |
+10.4% |
? |
+ 7.9% |
?
| ? |
Domestic Company- owned Stores |
? |
Domestic Franchise Stores |
? |
Total Domestic Stores |
? |
? International Stores |
? |
? ? Total |
|
Store counts: |
? | ? | ? | ? | ? | ? | ? | ? | ? |
|
Store count at March 24, 2013 |
388 |
? |
4,535 |
? |
4,923 |
? |
5,407 |
? |
10,330 |
|
Openings |
1 |
? |
19 |
? |
20 |
? |
116 |
? |
136 |
|
Closings |
- |
? |
(11) |
? |
(11) |
? |
(15) |
? |
(26) |
|
Store count at June 16, 2013 |
389 |
? |
4,543 |
? |
4,932 |
? |
5,508 |
? |
10,440 |
|
Second quarter 2013 net change |
1 |
? |
8 |
? |
9 |
? |
101 |
? |
110 |
|
Trailing four quarters net change |
2 |
? |
29 |
? |
31 |
? |
485 |
? |
516 |
The Company will file its quarterly report on Form 10-Q this morning. Additionally, as previously announced, Domino's Pizza, Inc. will hold a conference call today at 10 a.m. (Eastern) to review its second quarter 2013 financial results. The call can be accessed by dialing (888) 306-6182 (U.S./Canada) or (706) 634-4947 (International). Ask for the Domino's Pizza conference call. The call will also be webcast at www.dominosbiz.com. If you are unable to participate on the call, a replay will be available for thirty days by dialing (855) 859-2056 (U.S./Canada) or (404) 537-3406 (International), Conference ID 86150325. The webcast will also be archived for 30 days on www.dominosbiz.com.
During the second quarter of 2013, the Company repurchased and retired 655,248 shares of its common stock under its open market share repurchase program for approximately $38.0 million, or an average price of $58.05 per share. Additionally, subsequent to the second quarter of 2013, the Company repurchased and retired 189,185 shares of its common stock for approximately $10.9 million, or an average of $57.71 per share. The Company has used approximately 57% of the total amount authorized under its $200 million approved open market share repurchase program and currently has approximately $85.4 million remaining under the program.
During the two fiscal quarters of 2013, the Company paid approximately $11.5 million of common stock dividends. On July 17, 2013, the Board of Directors declared a 20 cent per share quarterly dividend for shareholders of record as of September 13, 2013, to be paid on September 30, 2013.
The Company's reported financial results for the two fiscal quarters of 2013 are not comparable to the reported financial results for the equivalent period in 2012 due to the refinancing that occurred in the first quarter of 2012. The table below presents certain items that affect comparability between 2013 and 2012 financial results. The Company believes that including such information is critical to the understanding of its financial results for the two fiscal quarters of 2013 as compared to the same period in 2012 (See the Comments on Regulation G section on page four for additional details).
In addition to the items noted in the table below, the Company had lower weighted average diluted shares outstanding that resulted in an increase in diluted EPS of nearly one and one half cents in the second quarter of 2013 and approximately three cents in the two fiscal quarters of 2013.
| ? |
Two Fiscal Quarters |
||||
|
? ? (in thousands, except per share data) |
? ? Pre-tax |
? |
? ? After-tax |
? |
Diluted EPS Impact |
|
2012 items affecting comparability: |
? | ? | ? | ? | ? |
|
Recapitalization expenses: |
? | ? | ? | ? | ? |
|
General and administrative expenses (1) |
$ (293) |
? |
$ (182) |
? |
$(0.00) |
|
Additional interest expense (2) |
(10,222) |
? |
(6,348) |
? |
(0.11) |
|
Subtotal |
(10,515) |
? |
(6,530) |
? |
(0.11) |
|
Deferred tax asset valuation allowance (3) |
- |
? |
(868) |
? |
(0.01) |
|
Total of 2012 items |
$(10,515) |
? |
$ (7,398) |
? |
$(0.12) |
(1) Primarily includes stock compensation expenses, payroll taxes related to the payments made to certain stock option holders, and legal and professional fees incurred in connection with the Company's 2012 recapitalization.
(2) Primarily includes the write-off of deferred financing fees related to the extinguishment of the 2007 debt in connection with the Company's 2012 recapitalization. Additionally, the Company incurred $2.1 million of interest expense on the 2007 borrowings subsequent to the closing of the 2012 recapitalization but prior to the repayment of the 2007 borrowings, resulting in the payment of interest on both the 2007 and 2012 facilities for a short period of time.
(3) Represents a valuation allowance recorded on a deferred tax asset related to a capital loss that resulted from a write-off of the tax basis goodwill associated with the sale of the six remaining Company-owned stores in a certain market in the first quarter of 2012.
Liquidity
As of June 16, 2013, the Company had approximately:
The Company's cash borrowing rate averaged 5.4% for both the second quarter of 2013 and the second quarter of 2012. Additionally, the Company invested $11.6 million in capital expenditures during the two fiscal quarters of 2013, versus $8.0 million in the two fiscal quarters of 2012.
Free cash flow, as reconciled below to cash flows from operations as determined under generally accepted accounting principles (GAAP), was approximately $55.3 million in the two fiscal quarters of 2013.
|
(in thousands) |
Two Fiscal Quarters of 2013 |
|
Net cash provided by operating activities |
$66,840 |
|
Capital expenditures |
(11,587) |
| ? | ? |
|
Free cash flow |
$55,253 |
In addition to the GAAP financial measures set forth in this press release, the Company has included non-GAAP financial measures within the meaning of Regulation G due to items affecting comparability between fiscal quarters. The Company has also included metrics such as global retail sales growth and same store sales growth, which are commonly used statistical measures in the quick-service restaurant industry that are important to understanding Company performance.
The Company uses "Diluted EPS, as adjusted," which is calculated as reported Diluted EPS adjusted for the items that affect comparability to the prior year period discussed above. The most directly comparable financial measure calculated and presented in accordance with GAAP is Diluted EPS. The Company believes that the Diluted EPS, as adjusted measure is important and useful to investors and other interested persons and that such persons benefit from having a consistent basis for comparison between reporting periods. The Company uses Diluted EPS, as adjusted to internally evaluate operating performance, to evaluate itself against its peers and to determine future performance targets and long-range planning. Additionally, the Company believes that analysts covering the Company's stock performance generally eliminate these items affecting comparability when preparing their financial models, when determining their published EPS estimates and when benchmarking the Company against its competitors.
The Company uses "Global retail sales" to refer to total worldwide retail sales at Company-owned and franchise stores. The Company believes global retail sales information is useful in analyzing revenues because franchisees pay royalties that are based on a percentage of franchise retail sales. The Company reviews comparable industry global retail sales information to assess business trends and to track the growth of the Domino's Pizza? brand. In addition, domestic supply chain revenues are directly impacted by changes in domestic franchise retail sales. Retail sales for franchise stores are reported to the Company by its franchisees and are not included in Company revenues.
The Company uses "Same store sales growth," calculated by including only sales from stores that also had sales in the comparable period of the prior year. International same store sales growth is calculated similarly to domestic same store sales growth. Changes in international same store sales are reported on a constant dollar basis, which reflects changes in international local currency sales.
The Company uses "Free cash flow," calculated as cash flows from operations less capital expenditures, both as reported under GAAP. The Company believes that the free cash flow measure is important to investors and other interested persons, and that such persons benefit from having a measure which communicates how much cash flow is available for working capital needs or to be used for repurchasing debt, making acquisitions, repurchasing common stock, paying dividends or other similar uses of cash.
Founded in 1960, Domino's Pizza is the recognized world leader in pizza delivery, with a significant business in carryout pizza. It ranks among the world's top public restaurant brands with its global enterprise of more than 10,400 stores in over 70 international markets. Domino's had global retail sales of over $7.4 billion in 2012, comprised of over $3.5 billion in the U.S. and nearly $3.9 billion internationally. In the second quarter of 2013, Domino's had global retail sales of over $1.8 billion, comprised of $868 million in the U.S. and $961 million internationally. Its system is largely made up of franchise owner-operators who accounted for over 96% of the Domino's Pizza stores as of the second quarter of 2013. The Domino's brand generates over $2 billion in global digital sales per year. Its emphasis on new technology has helped drive the introduction of Domino's ordering apps for Kindle Fire, Android?, iPhone? and Windows Phone 8 - which now cover nearly 95% of the U.S. smartphone market. Continuing its focus on menu enhancement, Domino's established itself as a player in the pan pizza market with the launch of its Handmade Pan Pizza, featuring fresh, never-frozen dough, in October 2012.
Order - www.dominos.com
Mobile - http://mobile.dominos.com
Info - www.dominosbiz.com
Twitter - http://twitter.com/dominos
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For all future earnings releases and other significant webcasts and announcements we plan to continue our practice of publishing press releases. However, for regular investor conferences with no updates from management, we will no longer be sending out a press release to notify the public of the webcast. Instead, please visit our Investor Relations website at www.dominosbiz.com to view a schedule of upcoming conference webcasts.
This press release contains forward-looking statements. You can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or similar expressions that concern our strategy, plans or intentions. These forward-looking statements relating to our anticipated profitability, estimates in same store sales growth, the growth of our international business, ability to service our indebtedness, our future cash flows, our operating performance, trends in our business and other descriptions of future events reflect the Company's expectations based upon currently available information and data. However, actual results are subject to future risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that could cause actual results to differ materially include: the level of our long-term and other indebtedness; uncertainties relating to litigation; consumer preferences, spending patterns and demographic trends; the effectiveness of our advertising, operations and promotional initiatives; the strength of our brand in the markets in which we compete; our ability to retain key personnel; new product and concept developments by us, and other food-industry competitors; the ongoing level of profitability of our franchisees; and our ability and that of our franchisees to open new restaurants and keep existing restaurants in operation; changes in food prices, particularly cheese, labor, utilities, insurance, employee benefits and other operating costs; the impact that widespread illness or general health concerns may have on our business and the economy of the countries where we operate; severe weather conditions and natural disasters; changes in our effective tax rate; changes in foreign currency exchange rates; changes in government legislation and regulations; adequacy of our insurance coverage; costs related to future financings; our ability and that of our franchisees to successfully operate in the current credit environment; changes in the level of consumer spending given the general economic conditions including interest rates, energy prices and weak consumer confidence; availability of borrowings under our variable funding notes and our letters of credit; and changes in accounting policies. Important factors that could cause actual results to differ materially from our expectations are more fully described in our other filings with the Securities and Exchange Commission, including under the section headed "Risk Factors" in our annual report on Form 10-K. These forward-looking statements speak only as of the date of this press release, and you should not rely on such statements as representing the views of the Company as of any subsequent date. Except as required by applicable securities laws, we do not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
TABLES TO FOLLOW
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Domino's Pizza, Inc. and Subsidiaries |
|||||
| ? | |||||
| ? |
Fiscal Quarter Ended |
||||
| ? |
June 16, 2013 |
% of Total Revenues |
? |
June 17, 2012 |
% of Total Revenues |
|
(In thousands, except per share data) |
? | ? | ? | ? | ? |
|
Revenues: |
? | ? | ? | ? | ? |
|
Domestic Company-owned stores |
$ 78,509 |
? | ? |
$ 73,911 |
? |
|
Domestic franchise |
48,167 |
? | ? |
44,286 |
? |
|
Domestic supply chain |
233,307 |
? | ? |
209,297 |
? |
|
International |
54,026 |
? | ? |
48,630 |
? |
|
Total revenues |
414,009 |
100.0% |
? |
376,124 |
100.0% |
| ? | ? | ? | ? | ? | ? |
|
Cost of sales: |
? | ? | ? | ? | ? |
|
Domestic Company-owned stores |
59,536 |
? | ? |
55,669 |
? |
|
Domestic supply chain |
207,319 |
? | ? |
186,621 |
? |
|
International |
21,167 |
? | ? |
19,227 |
? |
|
Total cost of sales |
288,022 |
69.6% |
? |
261,517 |
69.5% |
|
Operating margin |
125,987 |
30.4% |
? |
114,607 |
30.5% |
| ? | ? | ? | ? | ? | ? |
|
General and administrative |
52,146 |
12.6% |
? |
48,829 |
13.0% |
|
Income from operations |
73,841 |
17.8% |
? |
65,778 |
17.5% |
| ? | ? | ? | ? | ? | ? |
|
Interest expense, net |
(20,396) |
(4.9)% |
? |
(20,665) |
(5.5)% |
|
Income before provision for income taxes |
? 53,445 |
? 12.9% |
? |
? 45,113 |
? 12.0% |
| ? | ? | ? | ? | ? | ? |
|
Provision for income taxes |
20,175 |
4.9% |
? |
17,018 |
4.5% |
|
Net income |
$ 33,270 |
8.0% |
? |
$ 28,095 |
7.5% |
| ? | ? | ? | ? | ? | ? |
|
Earnings per share: |
? | ? | ? | ? | ? |
|
Common stock - diluted |
$ 0.57 |
? | ? |
$ 0.47 |
? |
|
Dividends declared per share |
$ 0.20 |
? | ? |
$ - |
? |
?
?
|
Domino's Pizza, Inc. and Subsidiaries |
|||||
| ? | |||||
| ? |
Two Fiscal Quarters Ended |
||||
| ? |
June 16, 2013 |
% of Total Revenues |
? |
June 17, 2012 |
% of Total Revenues |
|
(In thousands, except per share data) |
? | ? | ? | ? | ? |
|
Revenues: |
? | ? | ? | ? | ? |
|
Domestic Company-owned stores |
$ 159,603 |
? | ? |
$ 151,526 |
? |
|
Domestic franchise |
99,485 |
? | ? |
89,482 |
? |
|
Domestic supply chain |
464,839 |
? | ? |
423,428 |
? |
|
International |
107,700 |
? | ? |
96,276 |
? |
|
Total revenues |
831,627 |
100.0% |
? |
760,712 |
100.0% |
| ? | ? | ? | ? | ? | ? |
|
Cost of sales: |
? | ? | ? | ? | ? |
|
Domestic Company-owned stores |
120,804 |
? | ? |
114,947 |
? |
|
Domestic supply chain |
412,732 |
? | ? |
378,150 |
? |
|
International |
42,298 |
? | ? |
38,359 |
? |
|
Total cost of sales |
575,834 |
69.2% |
? |
531,456 |
69.9% |
|
Operating margin |
255,793 |
30.8% |
? |
229,256 |
30.1% |
| ? | ? | ? | ? | ? | ? |
|
General and administrative |
106,427 |
12.8% |
? |
96,583 |
12.7% |
|
Income from operations |
149,366 |
18.0% |
? |
132,673 |
17.4% |
| ? | ? | ? | ? | ? | ? |
|
Interest expense, net |
(41,299) |
(5.0)% |
? |
(52,761) |
(6.9)% |
|
Income before provision for < Source: http://www.franchising.com/news/20130723_dominos_pizza_announces_second_quarter_2013_financ.html old navy walmart black friday walmart black friday Target Black Friday PacSun apple store bestbuy
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