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Monday, July 29, 2013
The Scan: Science Events: Math Games, Bugs and Cloud Machines
[unable to retrieve full-text content]Coming events and reading matter at the intersection of science and culture.
Tax holiday, sidewalk sale spur business in downtown Ocean Springs
OCEAN SPRINGS, Mississippi -- Although rain may have kept crowds from being as heavy as hoped, Saturday's sidewalk sale, coupled with the state's tax free holiday weekend, spurred sales for many downtown Ocean Springs businesses.
"Business has been great," said Colby Harrelson as she stood behind the counter at The Bay Collection on Washington Avenue. "I think it's a combination of the sidewalk sale and the tax holiday. People want to know where the sales are, school is about to start back and people need new clothes."
While rain can often be a boon for malls and other indoor shopping venues, Harrelson said it can be a hindrance for downtown shops.
"It's hit or miss with the rain," she said. "Some days it's good, but in downtown Ocean Springs involves a lot of walking. You have to be willing to walk outside."
Dana Rubenstein at Lee Tracy also said business had been steady all day.
"Despite the weather, it has turned out to be a very busy day," she said. "With the tax free weekend and the sidewalk sale, it's been busier than a typical Saturday. It's been a great turnout of people."
"It's been a great opportunity for us to clear out our summer stuff and get ready for the fall merchandise to pour in."
Jack Stevenson, owner of Salmagundi's, said the rain was definitely a hindrance for Saturday business, but said Friday's kickoff of the sidewalk sale had been a success.
"Yesterday was reasonable," he said, "today looks like a wash. Yesterday was an increase over last year."
For The Kajun Kubbard at the corner of Washington and Government Street, it was the store's first time participating in the sidewalk sale.
"It's been busy," said Katherine Kuhn. "It's definitely been busier than a typical Saturday, even with the bad weather."
Not every business was feeling the love, however. At The Office lounge, owner Chris Collins sat at the end of the bar, hoping things would pick up later in the afternoon.
"We're hoping it gets busier, but not yet," Collins said. "With this bad weather, it's not a great day for us. "We're hoping by 3 or 4..."
Most retail shops in the area offered heavy discounts on many items, as well as an array of unique products -- none more so than at the Queen's Bath shop, where a sign outside the store beckoned people in."What's a Monkey Fart?" the sign read. "Come in and see."
In the interest of investigative journalism, The Mississippi Press pursued further information on the item.
As it turns out, a "Monkey Fart" is a soap made of some 30 different fruits, including bananas and coconuts, or "everything a monkey would eat," explained Queen's Bath co-owner Deanna Jackson, who added the soap is one of their best-selling items.
"Business has been pretty good, even with the rain," Jackson added. "Better than I expected."
Shoppers walking the sidewalks didn't seem to mind the light rain which followed morning thunderstorms.
"We saw the sign for the sidewalk sale and thought we'd come down, look in the shops and get something to eat," said Ellen Badders of Ocean Springs, accompanied by Verna Margroff, also of Ocean Springs.
"And what's better than walking around downtown Ocean Springs?" Magroff said. "It's like a fantasyland down here, like stepping back in time."
Source: http://blog.gulflive.com/mississippi-press-news/2013/07/tax_holiday_sidewalk_sale_spur.html
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Home Mum | Building a house with or without a garage. Things to ...
Buying a house is a big deal for many people, mostly financially, but emotionally too. But building your own house, that is something not many can afford and few venture to complete. In today?s economy, building a house means a lot of effort, money and time and a faltered house building plan may lead to countless disappointments in the future. And giving the fact that a lot of people own cars, the garage comes only as a natural part of anybody?s future dream house. But should it be built or are there some things to consider?
Let?s see the Pros list
- Building a garage is not extremely expensive considering the amount necessary for the entire construction but can increase significantly your home value on the real estate market if ever you think to sell
- A garage saves you money on a long term as the car is better protected and kept during extreme weather conditions
- A garage represents an excellent storage room for other house appliances or items
- If your architect designs the garage as a feasible living space of the house and not just an annex, it adds value to the house and improves your living conditions
- A garage can be built or removed ? if it?s just an annex to the house ? depending on your future needs
Let?s see the Cons list
- If you?re limited to a narrow space, a garage can sacrifice a small patch of garden and lawn. They will both make part of your regular maintenance plan, pest control program, care and supervision, but if you really can park the car safe outside, expert builders recommend not sacrificing the garden for the garage.
- A garage increases your house expenses, as it?s likely it will need to be heated during winter, have its own electrical system and its own security system.
- A garage will sacrifice the land for building another room and many family with children opted for the extra bedroom, while leaving the car in the driveway. Certainly, there are means of transforming the garage into a room if necessary, but there are a lot of costs involved, while the house?s price on the market might actually decrease because of this choice.
- A garage needs solid building materials, electricity and a lot of additional investments. They don?t cost very much, but if you?re on a budget, don?t sacrifice the quality of materials just because you want a cheap deal.
- Building a detached garage (as it became a common practice in the last years) may not be such a good idea on the long term, as it takes space, needs a separate security system and is very attractive to burglars.
No matter if you plan to build your house with an attached or detached garage, specialists recommend to take a look around the area you want to live in: are there other houses with attached garages? Is it a safe zone that allows you to park your car outside? Are people there using their garages for other purposes than keeping their cars safe? A wise decision can be made by taking into account both financial and personal factors, together with your and our family?s plan for the future.
Source: http://athomemum.com/consider-when-making-a-pros-and-cons-list.html
Sunday, July 28, 2013
Long Island College Hospital Remains Open As Legal Jousting Continues
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A state supreme court justice this week upheld a temporary restraining order preventing SUNY Downstate from shutting down the Cobble Hill hospital this weekend, and ordered both sides back to court Wednesday.
The judge decided against holding SUNY Downstate in contempt of the restraining order, even though they took some steps toward closing the facility over the last week.
SUNY Downstate argued that its appeal of the restraining order gave it the right to do so.
The closure plan approved by the state had called for all patients to be discharged by Sunday, saying the hospital has been losing too much money.
Opponents say losing the facility would have dangerous consequences for Cobble Hill and surrounding neighborhoods.
SUNY Downstate is looking to sell the 155-year-old facility because it claims it loses $15 million every month. Hospital staff and residents marched over the Brooklyn Bridge in protest earlier this week.
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Saturday, July 27, 2013
Key Energy Services Generated Second Quarter 2013 Normalized Earnings of $0.01 Per Share
HOUSTON, July 25, 2013 /PRNewswire/ --?Key Energy Services, Inc. (KEG) generated second quarter 2013 consolidated revenues of $411.4 million and normalized pre-tax income from continuing operations of $2.2 million, or $0.01 per share. Normalized pre-tax income from continuing operations excludes $8.3 million, or $0.04 per share, of severance and restructuring costs. On a GAAP basis, the second quarter 2013 net loss from continuing operations was $4.1 million, or $0.03 per share. Both GAAP and normalized results include $2.3 million of pre-tax equipment mobilization costs associated with international operations.
First quarter 2013 consolidated revenues were $428.4 million with normalized pre-tax income from continuing operations of $1.4 million, or $0.01 per share, which excludes a $2.2 million pre-tax charge associated with an executive retirement. On a GAAP basis, first quarter 2013 net loss from continuing operations was $274,000, or $0.00 per share.
Overview of Results
Commenting on the results, Key's Chairman, President and Chief Executive Officer, Dick Alario, stated, "We are pleased that, on a normalized basis, Key's U.S. segment delivered 50% operating income growth on a sequential revenue increase of 4.5%. This strong U.S. performance was driven by operational and cost efficiencies and effective execution in the restructuring of Fluid Management Services, which offset the impact of a severe activity decline in the North Region of Mexico within our International Segment."
The following table sets forth summary data from continuing operations for the second quarter 2013 and prior comparable quarterly periods.
| ?Three Months Ended? (unaudited)? | ||||||||||
| ? June 30, 2013? | ?March 31, 2013? | ? June 30, 2012? | ||||||||
| ?(in millions, except per share amounts)? | ||||||||||
| Revenues | $ ? ?411.4 | $ ? ? 428.4 | $ ? ?516.0 | |||||||
| Income (loss) attributable to Key | (4.1) | (0.3) | 31.5 | |||||||
| Diluted earnings (loss) per share attributable to Key | (0.03) | (0.00) | 0.21 | |||||||
| Adjusted EBITDA | 73.8 | 68.8 | 114.7 | |||||||
U.S. Segment
Second quarter 2013 U.S. revenues were $361.7 million, up 4.5% compared to $346.1 million in the first quarter 2013. Second quarter U.S. normalized operating income was $57.5 million, or 15.9% of revenues, compared to $38.3 million, or 11.1% of revenues, in the first quarter. Second quarter U.S. normalized operating income excludes $2.4 million of severance and restructuring costs primarily associated with the Fluid Management Services restructuring.
U.S. results benefited from improved operational efficiencies in Rig Services and Coiled Tubing Services. Fluids Management Services generated a slight profit, inclusive of the restructuring expenses and despite flat market activity and strong competitive pressures.
International Segment
Second quarter 2013 international revenues were $49.7 million, down 39.7% compared to $82.4 million in the first quarter 2013. Second quarter international normalized operating loss was $5.8 million, or -11.8% of revenues, compared to first quarter operating income of $11.9 million, or 14.4% of revenues. Second quarter international normalized operating loss excludes $5.2 million of expenses primarily associated with severance in Mexico but includes $2.1 million of expenses associated with rig mobilizations.
Second quarter financial results were negatively impacted by the worse than anticipated activity decline in the North Region of Mexico. Key's active Mexico rig count averaged 16 rigs operating during the second quarter compared to an average of 40 rigs operating in the first quarter. The 60% quarter-over-quarter revenue decline in Mexico drove a normalized decremental operating income margin of 54%, due to operating inefficiencies associated with the sharp activity decline.
Functional Support Segment
Functional Support operating expense was $35.7 million during the second quarter 2013 compared to $38.3 million in the first quarter. Second quarter Functional Support expense included $0.7 million of corporate?severance.?First quarter Functional Support expense included a $2.2 million charge associated with?an executive retirement.
General and Administrative Expenses
General and administrative expenses, which include Functional Support, were $57.7 million, or 14.0% of revenues, for the second quarter 2013 compared to $63.2 million, or 14.8% of revenues, in the prior quarter.
Capital Expenditures and Liquidity
Capital expenditures were $35.4 million during the second quarter 2013 and $72.6 million through June 30, 2013. Key's consolidated cash balance at June 30, 2013 was $24.7 million compared to $39.9 million at March 31, 2013. Total debt at June 30, 2013 was $867.8 million compared to total debt of $878.1 million at March 31, 2013. At the end of the second quarter, there was $310.9 million of unused capacity under the Company's $550 million senior secured credit facility. Net debt to total capitalization at the end of the second quarter 2013 was 39.4%.
Outlook
Commenting on Key's outlook, Alario stated, "In the U.S., we expect third quarter market activity levels roughly flat with the second quarter, followed by a typical seasonal activity decline in the fourth quarter. As such, we anticipate Key's third quarter U.S. revenues and margin will be similar to the second quarter's results. Internationally, we expect approximately breakeven operating income in the third quarter, inclusive of ongoing equipment mobilization expense, as we continue to redeploy idle rigs from the North Region of Mexico to higher demand markets."
Conference Call Information
As previously announced, Key management will host a conference call to discuss its second quarter 2013 financial results on Friday, July 26, 2013 at 10:00 a.m. CDT. Callers from the U.S. and Canada should dial 888-794-4637 to access the call. International callers should dial 660-422-4879. All callers should ask for the "Key Energy Services Conference Call" or provide the access code 96056301. The conference call will also be available live via the internet. To access the webcast, go to www.keyenergy.com and select "Investor Relations."
A telephonic replay of the conference call will be available on Friday, July 26, 2013, beginning approximately two hours after the completion of the conference call and will remain available for one week. To access the replay, call 855-859-2056 or 800-585-8367. The access code for the replay is 96056301. The replay will also be accessible at www.keyenergy.com under "Investor Relations" for a period of at least 90 days.
Contact:
Gary Russell, Investor Relations
713-651-4434
?
| Consolidated Statements of Operations (in thousands, except per share amounts, unaudited): | |||||||||||
| ?Three Months Ended? | ?Six Months Ended? | ||||||||||
| ? June 30, 2013?? | ?March 31, 2013? | ? June 30, 2012? | ? June 30, 2013?? | ? June 30, 2012? | |||||||
| REVENUES | $ ? 411,390 | $ ? 428,449 | $ ?515,997 | $ ? ? ? ? ? ? 839,839 | $ ?1,002,748 | ||||||
| COSTS AND EXPENSES: | |||||||||||
| Direct operating expenses | 287,102 | 299,182 | 343,996 | 586,284 | 655,493 | ||||||
| Depreciation and amortization expense | 58,208 | 54,193 | 52,452 | 112,401 | 103,641 | ||||||
| General and administrative expenses | 57,736 | 63,245 | 58,081 | 120,981 | 118,999 | ||||||
| Operating income | 8,344 | 11,829 | 61,468 | 20,173 | 124,615 | ||||||
| Interest expense, net of amounts capitalized | 13,984 | 13,804 | 13,730 | 27,788 | 25,612 | ||||||
| Other (income) loss, net | 430 | (1,223) | (1,380) | (793) | (2,409) | ||||||
| Income (loss) from continuing operations before tax | (6,070) | (752) | 49,118 | (6,822) | 101,412 | ||||||
| Income tax benefit (expense) | 2,298 | 566 | (17,419) | 2,864 | (36,232) | ||||||
| Income (loss) from continuing operations | (3,772) | (186) | 31,699 | (3,958) | 65,180 | ||||||
| Loss from discontinued operations, net of tax | - | - | (2,454) | - | (33,359) | ||||||
| Net income (loss) | (3,772) | (186) | 29,245 | (3,958) | 31,821 | ||||||
| Income (loss) attributable to noncontrolling interest | 356 | 88 | 204 | 444 | (410) | ||||||
| INCOME (LOSS) ATTRIBUTABLE TO KEY | $ ? ? (4,128) | $ ? ? ? ?(274) | $ ? 29,041 | $ ? ? ? ? ? ? ? ?(4,402) | $ ? ? 32,231 | ||||||
| Earnings (loss) per share attributable to Key: | |||||||||||
| Basic and diluted | $ ? ? ? (0.03) | $ ? ? ? ? ? - | $ ? ? ? 0.19 | $ ? ? ? ? ? ? ? ? ?(0.03) | $ ? ? ? ?0.21 | ||||||
| Weighted average shares outstanding: | |||||||||||
| Basic? | 152,384 | 151,967 | 151,087 | 152,175 | 151,110 | ||||||
| Diluted | 152,384 | 151,967 | 151,100 | 152,175 | 151,168 | ||||||
| Income (loss) from continuing operations? | |||||||||||
| attributable to Key: | |||||||||||
| Income (loss) from continuing operations | (3,772) | (186) | 31,699 | (3,958) | 65,180 | ||||||
| Income (loss) attributable to noncontrolling interest | 356 | 88 | 204 | 444 | (410) | ||||||
| Income (loss) from continuing operations attributable to Key | $ ? ? (4,128) | $ ? ? ? ?(274) | $ ? 31,495 | $ ? ? ? ? ? ? ? ?(4,402) | $ ? ? 65,590 | ||||||
| Earnings (loss) per share from continuing? | |||||||||||
| operations attributable to Key: | |||||||||||
| Basic and diluted | $ ? ? ? (0.03) | $ ? ? ? ? ? - | $ ? ? ? 0.21 | $ ? ? ? ? ? ? ? ? ?(0.03) | $ ? ? ? ?0.43 | ||||||
| Loss from discontinued operations, net of tax: | $ ? ? ? ? ? - | $ ? ? ? ? ? - | $ ? ?(2,454) | $ ? ? ? ? ? ? ? ? ? ? ?- | $ ? ?(33,359) | ||||||
| Loss per share from discontinued operations: | |||||||||||
| Basic and diluted | $ ? ? ? ? ? - | $ ? ? ? ? ? - | $ ? ? ?(0.02) | $ ? ? ? ? ? ? ? ? ? ? ?- | $ ? ? ? (0.22) | ||||||
?
?
| Condensed Consolidated Balance Sheets (in thousands): ? | |||||
| ?June 30, 2013? | December 31, 2012 | ||||
| ?(unaudited)? | |||||
| ASSETS | |||||
| Current assets: | |||||
| Cash and cash equivalents | $ ? ? ? 24,735 | $ ? ? 45,949 | |||
| Other current assets | 595,132 | 543,845 | |||
| Total current assets | 619,867 | 589,794 | |||
| Property and equipment, net | 1,394,593 | 1,436,674 | |||
| Goodwill | 624,858 | 626,481 | |||
| Other assets, net | 93,119 | 108,639 | |||
| TOTAL ASSETS | $ ? 2,732,437 | $2,761,588 | |||
| LIABILITIES AND EQUITY | |||||
| Current liabilities: | |||||
| Accounts payable | $ ? ? ? 90,272 | $ ? 104,073 | |||
| Other current liabilities | 174,745 | 201,023 | |||
| Total current liabilities | 265,017 | 305,096 | |||
| Long-term debt, less current portion | 867,832 | 848,110 | |||
| Other non-current liabilities | 329,936 | 321,050 | |||
| Equity | 1,269,652 | 1,287,332 | |||
| TOTAL LIABILITIES AND EQUITY | $ ? 2,732,437 | $ 2,761,588 | |||
?
?
| Consolidated Cash Flow Data (in thousands, unaudited): | ||||
| ?Six Months Ended?? | ||||
| ? June 30, 2013? | ? June 30, 2012? | |||
| Net cash provided by operating activities | $ ?46,681 | $ 191,852 | ||
| Net cash used in investing activities | (83,296) | (300,779) | ||
| Net cash provided by financing activities | 14,917 | 104,502 | ||
| Effect of exchange rates on cash | 484 | (2,738) | ||
| Net decrease in cash and cash equivalents | (21,214) | (7,163) | ||
| Cash and cash equivalents, beginning of period | 45,949 | 35,443 | ||
| Cash and cash equivalents, end of period | $ ?24,735 | $ ?28,280 | ||
?
?
| Segment Revenue and Operating Income from continuing operations (in thousands, except for percentages, unaudited): | ||||||
| ?Three Months Ended?? | ||||||
| Revenues | ??? June 30, 2013? | ?March 31, 2013? | ???? June 30, 2012? | |||
| U.S. Operations: | ||||||
| Rig Services | $ ? ? ? 173,597 | $ ? ? ? ? ? 161,750 | $ ? ? ? ? ? 208,765 | |||
| Fluid Management Services | 70,073 | 70,384 | 96,716 | |||
| Coiled Tubing Services | 54,342 | 49,291 | 56,929 | |||
| Fishing & Rental Services | 63,686 | 64,647 | 69,236 | |||
| Total U.S. Operations | 361,698 | 346,072 | 431,646 | |||
| International Operations | 49,692 | 82,377 | 84,351 | |||
| Consolidated Total | $ ? ? ? 411,390 | $ ? ? ? ? ? 428,449 | $ ? ? ? ? ? 515,997 | |||
| Operating Income? | ||||||
| U.S. Operations | $ ? ? ? ? 55,093 | $ ? ? ? ? ? ? 38,275 | $ ? ? ? ? ? ? 82,497 | |||
| International Operations | (11,006) | 11,874 | 16,116 | |||
| Functional Support | (35,743) | (38,320) | (37,145) | |||
| Consolidated Total | $ ? ? ? ? ? 8,344 | $ ? ? ? ? ? ? 11,829 | $ ? ? ? ? ? ? 61,468 | |||
| Operating Income? % of Revenues | ||||||
| U.S. Operations | 15.2% | 11.1% | 19.1% | |||
| International Operations | (22.1)% | 14.4% | 19.1% | |||
| Consolidated Total | 2.0% | 2.8% | 11.9% | |||
| ?Six Months Ended? | ||||||
| Revenues | ???? June 30, 2013? | ???? June 30, 2012? | ||||
Netflix down paul george Warm Bodies Mexico vs Jamaica Jiah Khan Teen Wolf linkedin Friday, July 26, 2013RHex robot uses leaping ability to do 'Parkour' (video)It's easy for a robot to perform in a sterile lab environment, but only a select few devices -- like Boston Dynamics notorious AlphaDog -- have proven themselves in the wild. However, the University of Pennsylvania's X-RHex Lite has also made that leap, as it were, and a new video shows just how talented it's become. In it, the droid puts all of its running, jumping and grabbing talents together to perform flips, chin-ups and even Parkour-like moves over campus obstacles. The researchers hope it'll perform rescue missions or research in tough environments one day, but until then, gaze in awe at the video after the break. Filed under: Robots Via: Gizmag Source: University of Pennsylvania      Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/lvApon63gOQ/ Rachel Jeantel Whose Line Is It Anyway suits Dennis Burkley Marley Lion Case mike miller juror B37 Thursday, July 25, 2013Weight loss, Appetite Suppressant, and Sustained Energy = LEAN-EFX RefinedFormutech is looking for 6 loggers to run a full bottle of our Thermogenic meet Non-Thermogenic 3 out of the 6 winners will also get the chance to cycle LEAN-EFX REFINED/NATURAL-EFX. That means 3 lucky loggers will receive a full bottle of LEAN-EFX REFINED and a full bottle of NATURAL-EFX. LEAN-EFX Refined takes weight loss to the next level. We took a great product and made it even better. LEAN-EFX Refined embraces advanced nutritional science and nature for a product that not only works, but sets the bar considerably higher for other weight loss products. NATURAL-EFX is a potent formula engineered to help optimize fat metabolism, fat emulsification, fat burning, as well as enhance lean mass. It features key active ingredients such as 7-Keto DHEA, Acetyl L-Carnitine, herbal diuretics, natural energizers, and fat burners. In addition to these proven components, Natural-EFX contains essential nutrients including Vitamin B6, chromium and calcium.
Rules: WINNERS will be announced on 8/2/2013 Source: http://forum.bodybuilding.com/showthread.php?t=155689903&goto=newpost Paige Butcher David Petraeus Petraeus Mia Love wall street journal us map Electoral Map
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