Apple $1,111 Per Share and a $1 Trillion Market C

May 17th, 2012

The blowout earnings Apple reported Tuesday inspired a number of big upgrades on the company’s stock Windows 7 product key free, but none so bullish as that of Topeka Capital Markets analyst Brian White.

White, who made headlines back in April by setting a $1,001 target on Apple shares, has raised that price to an even headier high: $1,111. Which is an interesting target Windows 7 Key, and not just for its numerical symmetry. As I’ve noted here before, Apple will become the world’s first trillion-dollar company when its share price hits about $1,072. So, by setting his target at $1,111 per share, White is predicting that Apple’s market cap will hit a trillion dollars sometime in 2013.

“Apple’s performance once again demonstrated how quickly Apple fever is spreading around the world, and this trend continues to drive meaningful upside in the company’s financial results Windows 7 serial key,” White says. “We believe the negative vibes that have held back the stock over the past couple of weeks will now be replaced with the fear of missing the next leg up in the stock price that we are forecasting will reach $1,111 over the next year.”

$1,111.

That’s an awfully big valuation. But is it reasonable?

White contends that it is. And Apple certainly appears to be firing on all cylinders. Its gross and operating margins both set all-time records in Q2. It has sold more than 365 million iOS devices to date — 50 million in its most recent quarter. And it has already signed up more than 125 million subscribers to iCloud. Apple is a juggernaut, and there are still plenty of growth opportunities ahead of it.

Said White, “Apple is trading at just 8.1x (ex-cash) our CY13 EPS estimate, combined with our expectations for accelerated momentum over the next year with the iPhone 5, an Apple TV, an ‘iPad Mini’ and a potential relationship with China Mobile, gives us confidence that the stock has meaningful upside potential from current levels.”

2012 End of the World or Consciousness Revolution

May 17th, 2012

With few exceptions, the Mayan prophecy about the end of the cosmic cycle has been misinterpreted as predicting the actual physical destruction of humanity and the material world.

This is similar to the misinterpretation of the term “apocalypse” by Christian fundamentalists, particularly the millions of American Christians who believe that at the time of this global destruction they will experience “rapture” and be united with Jesus.

The original and literal meaning of the term apocalypse, however, is not “destruction” but “lifting of the veil” or “revelation.” It referred to the disclosure of secrets, hidden from the majority of humanity, to certain privileged persons.

Based on my research into non-ordinary states of consciousness replica watches, I believe in a radically different replica watches, more optimistic interpretation of the Mayan prophecy. Instead of predicting a physical destruction of the material world, the Mayan prophecy might imply the possibility of a mass inner transformation of humanity — the end of a world dominated by unbridled violence and insatiable greed.

The Mayans were indeed accomplished astronomers. More than 2,000 years ago they noticed that the position of the winter solstice sun was slowly shifting toward an alignment with the galactic axis. This movement (precession) is caused by the wobble of the rotational axis of the earth. The Mayans concluded that major changes of cosmic proportions would occur at the time of this auspicious solar/galactic alignment that occurs only once every 25,800 years.

But in addition to making sophisticated astronomical observations, the ancient Mayans were also keen explorers of their inner worlds. We have ample pictorial evidence that they used various “technologies of the sacred” for this purpose, including the cactus Lophophora Williamsii (peyote), Psilocybe mushrooms, Salvia divinatorum (also known as diviner’s sage), morning glory seeds, wild tobacco, balche (a fermented drink made from the tree Lonchocarpus longistylus and honey) replica watches, and skin secretions of the toad Bufo marinus.

For the last 50 years, I have used “technologies of the sacred” in order to research the modern human psyche and its potential for healing. In my case, this was clinical research with psychedelics as well as numerous workshops and a training program using breathwork. In a supportive environment and under responsible guidance, individuals can use these techniques to experience states of consciousness that are both healing, informative, and transformational. I call these states “holotropic” — meaning that they move us toward wholeness.

In holotropic states of consciousness, it is possible for individuals to obtain profound revelations about the universe — far beyond the limits of their everyday imagination. And often, in such states, individuals can perceive a meaningful correlation between inner experiences and outer events.

Although the modern, post-industrial consciousness tends to dismiss this idea, the perception of the universe as an organic whole in which everything is meaningfully interconnected and the human psyche is a microcosm that reflects the macrocosm is a typical feature of profound inner experiences. In holotropic states the Mayans thus might have envisioned a meaningful connection between their inner experiences, terrestrial events, and the movements of celestial bodies.

Another key insight from my research is that individuals who enter holotropic states repeatedly will experience a profound transformation — a process of psychospiritual “death” and rebirth. This process can be “apocalyptic” in the truest sense of the word, in that it lifts the veil on their previously unseen spiritual nature.

And yet, for individuals to experience that lifting of the veil, or revelation, they must let go of their previous identities. And this “death” can provoke tremendous fear of destruction, a protracted struggle with existential issues, and violent resistance. Given this evidence, it is hard not to conclude that the current behavior of our species is a kind of unconscious “acting out” of our inner fear of transformation.

To look around at current events, one might conclude that our world is indeed falling apart. And whether or not this was predicted by ancient Mayan seers, we are clearly involved in a dramatic race for time that has no precedent in the entire history of humanity. What is at stake is nothing less than the future of humanity and of life on this planet.

Many of the people with whom I have worked saw in their holotropic visions humanity at a critical crossroad — facing either collective annihilation or an evolutionary jump in consciousness of unprecedented nature and dimension. The philosopher-poet Terence McKenna put it very succinctly: “The history of the silly monkey is over, one way or another.” We either undergo a radical transformation of our species or we might not survive.

The final outcome of the crisis we are facing is ambiguous and uncertain; it lends itself to pessimistic or optimistic interpretation, and each of them can be supported by existing data. If we continue the old strategies, which in their consequences are clearly extremely destructive and self-destructive, it is unlikely that modern civilization will survive.

However, if a sufficient number of people undergo a process of deep inner transformation, we might reach a stage and level of consciousness at which we will deserve the proud name we have given to our species: homo sapiens sapiens (the wise people) — and live in a new world that will have little resemblance to the old.

Dr. Stanislav Grof will deliver a free online seminar, expanding on these themes, entitled: “2012 and Human Destiny: End of the World or Consciousness Revolution?” on May 8, 2012. To register for this seminar (or hear the recorded replay afterward), visit www.healingourwounds.com.

Albany, NY – NY Legislature To Move Primary From S

May 17th, 2012

Albany Tattoo Tubes, NY – New York’s legislative leaders have agreed to move the Sept. 11 political primary in remembrance of the deaths and rescues in the 2001 terrorist attacks.

Democratic Assembly Speaker Sheldon Silver and Republican Senate Majority Leader Dean Skelos (SKEH’-lohs) say an agreement has been struck to move the primary to Sept. 13.

Skelos said Tuesday it’s tempting to hold the primary as scheduled in defiance of terrorism but he’s honoring a request by New York City firefighters and police officers.

The 2001 attacks came on a primary day Tattoo Starter Kits, which was suspended.

Analysis Petro-dollar windfall could help China’s

May 17th, 2012

BEIJING, May 7, 2012 (Reuters) — A $1 trillion oil-fired trade windfall couldn’t be better timed to help Chinese companies climb the value chain and rebalance the economy of the world’s biggest exporter.

Fast growing countries producing oil and other commodities Buy Tattoo Ink, are taking advantage of the windfall from the recent surge in prices and buying roughly half of the $2 trillion worth of goods sold by China overseas.

But, more importantly for the economy, they are buying the value-added products that Beijing wants its export-oriented factories to focus on – construction equipment, heavy infrastructure goods and telecom network equipment, for instance.

“Commodity exporting countries have had a windfall after commodity price rises and they are now recycling this back into the global trade system,” Yao Wei a Tattoo Gun, China economist at Societe Generale in Hong Kong, told Reuters.

“The silver lining to China’s exports is really the other emerging economies,” she said.

China’s export-led expansion of the last decade has been largely a function of processing trade – importing materials and components for assembling products that are then shipped overseas.

And now the source of value in Chinese exports is shifting.

New orders are increasingly coming from developing economies buying industrial goods to build out infrastructure, products with a large element of domestic added value, using locally-made components that China once imported.

This shift in the trade focus potentially benefits the domestic economy even more as skills and product lines are upgraded to satisfy demand from a new customer base.

HIGHER SHARE OF VALUE-ADDS

Analysts at consultancy GK Dragonomics calculate that the share of domestic value added in processed exports is 30-50 percent, but 70-90 percent for what it calls “normal” exports.

Those normal exports, products assembled from locally made components that China previously imported, represented about 48 percent of the total of Chinese goods shipped overseas in 2011, versus 41 percent between 2001 and 2005.

Add together the effect of increasing the amount of domestic value added to exported goods and the new destinations to which China is shipping them, and it could underpin export growth, jobs and wealth creation for another decade.

“The Chinese government’s eagerness to encourage these trends is thus quite understandable,” a recent GK Dragonomics study said.

Still, Beijing’s likely share of the $1 trillion petro-dollar boost to global trade anticipated by analysts at UBS, after Brent crude’s 14 percent gain since 2011’s trough in August, is unlikely to fuel a surge in economic growth.

Even if China rakes in $100 billion, in line with the roughly 10 percent share it has in the global export market, Asia’s biggest economy remains on course for its slowest full year of expansion in a decade, with economists polled by Reuters forecasting a consensus 8.4 percent growth in 2012.

But more emerging market demand is exactly what will help Beijing rebalance its export-oriented economic model – albeit not necessarily in the import-led way that leaders of stuttering developed economies hope to see.

In fact, building up the customer base in oil exporting countries ensures that China gets back a huge amount of the money it spends every year on fuel – buying in around 5 million of the 9 million barrels per day it consumed in 2011, China’s oil bill last year was about $200 billion.

A study by the International Energy Agency into rising oil revenues on import demand from members of the Organisation of the Petroleum Exporting Countries (OPEC) shows that, compared to the period 1970-2000, every additional dollar spent by China on fuel imports generates 64 cents of demand for its exports.

Analysts at Societe Generale reckon it is this oil-related import growth The Best Tattoo Machines, driven by the still relatively elevated price of crude, that has helped global trade volumes manage a stealthy sequential gain in momentum in recent months.

“Despite a weak outlook for global GDP growth, there are several factors that suggest the period of stagnating global trade may well be behind us,” they wrote in a report last week.

“Specifically we expect oil prices to remain elevated, suggesting that strong import demand from the Middle East should persist for some time.”

DIVERSIFY, REBALANCE

One reason why Beijing is encouraging this diversification of its customer base to the Middle East and other emerging economies is the unreliability of demand from the European union, where recession fears have reared up once again.

It is growth elsewhere that makes the case for rebalancing higher up the value chain and across geographies all the more compelling.

Research by HSBC’s trade and receivables finance department forecasts an acceleration in global trade growth in the Asia Pacific driven by emerging economies inside and outside the region, with demand flat in Europe and North America.

The bank forecasts 86 percent expansion in the volume of total trade in the next 15 years, but the infrastructure trade component of that will grow by 110 percent in the same period.

Plug into that and China should see its share of global trade jump by a quarter to 12.3 percent from 9.8 percent in 2011 and become the world’s single biggest trading nation by 2016.

It could certainly help counteract the lingering risks to growth from the EU, where Asian aggregate exports fell 5.2 percent year-on-year in March, while still managing a 4.6 percent expansion globally, according to an analysis by Nomura.

“Our assessment is that the economies in Asia ex-Japan are generally experiencing green shoots of recovery, but we are cognizant that they could quickly wilt if the recession in the euro area deepens,” said the bank’s chief Asia economist, Rob Subbaraman, in a note to clients.

(Editing by Ramya Venugopal)

Boomerology BallBusters and MotherPutters ‘Why g

May 16th, 2012

It’s that time of year to examine the most frustrating global obsession since the last frustrating global obsession. The U.S. Open and AT&T championships are upcoming and, glory be, it’s Golf Season!

The most common questions asked of golfers everywhere are:

“Why do you do it?” “Are you really wearing that?” “When will you be home?” And the ever-insulting: “Is golf a sport?”

To address the last first: If golf is not a sport, why can the world’s best athletes not play it? Michael Jordan has a tournament that annually attracts your favorites from every discipline, including Drew Brees, Marcus Allen, Mike Piazza, Julius Erving, hockey’s Hull, Lemieux, and Gretzky.

Granted, these guys are better than most of us, but even they can’t consistently beat a pro.

Granted #2, some NFL/NBA/MLB/NHL studs have been so banged up on their primary field of endeavor that they now play with magnets on their elbows, knees, backs and shoulders. I don’t know that this technology works but these guys can’t use the Porta-Potty for fear they’ll get sucked onto the metal door and need the Jaws of Life to pry them free.

Playing in a tournament with Jack Nicklaus was the most excited I’ve ever been with a man but my first Celebrity Golf event was a disaster. The field included Burt Lancaster, Sammy Davis Jr., Jack Lemmon and other dead people of no relevance to the post-Boomer crowd, but each had throngs of admirers that day. I had one lone fan who appeared wearing an “Alan Thicke T-shirt” with my picture on the front! I grabbed on to him like a pit bull with a pork chop and on the final tee sliced a 50 yard drive right into his chest, causing him to sprout a teat full of ball dimples, barely alive but pleased as all get out — nay, sexually aroused, I suspect — about our sudden bond.

Years later, I’ve now hit enough people for a class action suit.

Alas, it takes a lot of balls to play the way I do.

Most fans have fun in the gallery, but if Sir Charles Barkley wants to find his errant shot in some rattler-infested swamp, who among you will volunteer to suck venom from his hind leg, no matter how curvy it looks in those commercials? “Let it go, Charles, get back in the cart!”

As a matter of confessional perspective, let me acknowledge that golf is an exacting game and I’m just an approximate guy.

My skill set peaks at bunker-raking. I’ve lost balls in the ball-washer.

My game in a word? “Kevorkian.”

To those who say, “Golf is no exercise”… nonsense!

My sphincter gets a full workout when I play on TV. Getting ready to putt — for the third time — mine could bench press 400 lbs., a regular Arnold SchwarzzenSphincter.

Some days when I putt, the terrorists win.

I’ve been immortalized on the Golf Channel missing a 2-footer, choking at a level not seen since Pam Anderson’s honeymoon video.

Terminology: “Handicap,” the great equalizer, that numerical value designed to calculate your degree of incompetence… a quantifiable measure of your self-loathing.

Other sports offer compromise: there’s a lower basket for shrimp ballers and baseball newbies get a t-ball. The NFL playing field could be leveled by giving the Redskins 5 downs. (A cheap shot but kinda funny, come on! Anyway, now they have RG3 so there’s hope.)

But no other game offers that ultimate feel-good adjustment, the “Mulligan.” Named after some hapless nincompoop, Mulligan is golf’s way of saying, “I’m sorry, but I can’t compete unless I get another chance. Apparently, I am too pathetic to play by the rules so I require some special dispensation to continue. I didn’t get it right the first time so let’s pretend it never happened.”

Mulligans are the Big Oops, the Universal Do-Overs and wouldn’t the world be a friendlier place if we had Mullies for everything?

(Cue Mulligan Theme Song: “If I could do it all over, I would do it all over you.”)

The Mulligan Hall of Fame would honor General Custer, the Captain of the Titanic, and the Secret Service guy who said Marc Jacobs Dresses sale, “We’re Secret… let’s get Serviced… Hey, it’s Colombia, what could go wrong?’

Everyone in Hollywood would get a Marriage Mulligan.

Political do-overs would have served Sarah Palin: “I can NOT see Russia from my house.”

President Bush the Latter would take Mullies for Katrina and that WMD guesswork and Mr. Clinton would happily accept the Lewinsky Mully. Talk about blowing it!

No relief for your urologist, however. In the middle of your vasectomy Herve leger strapless sale, there is no comfort in, “My bad. Gotta take a knee here.”

Incidentally, there is no evidence that golfers are inadequate sexually but if this column were just called “Golf,” you might have stopped reading and would have missed this valuable tip: Don’t take Viagra before golf. It hurts your swing ‘cuz you can’t keep your head down.

The coolest thing about golf is that you get to start a new hole every 7 strokes. Indeed, as we Boomers get older, odds are we won’t be faster runners or hotter lovers but we might become better putters because we’re already bent over.

A wish for your foursome: May you always find your balls and may your putter never flutter!

Jaguar Land Rover names new chief executive for No

May 15th, 2012

Need someone to run a British automaker? Hire a German. Or at least someone who used to work for a German automaker. Rolls-Royce is run by Torsten Müller-Ötvös Tattoo Supplies, a longtime BMW executive. Bentley is headed by Wolfgang Dürheimer, a former Porsche exec. Aston Martin is headed by Ulrich Bez, who worked many years for both BMW and Porsche. Noticing a pattern here?

Now, Jaguar Land Rover has announced a new chief executive for its North American operations, and surprise surprise, he comes from Porsche. With current president Gary Temple retiring, Andy Goss (the smiling chap at right) will be taking up the reins as President at Jaguar Land Rover North America.

Goss comes to the job from his current position as CEO of Porsche Cars GB, where he directed the German automaker’s operations in Great Britain. Before that he worked at Austin Rover, Citroën Tattoo Supplies, Nissan, Lexus and Toyota. So he’s got plenty of experience, even if the bulk of it was in the UK and not in the region he’ll now be supervising for the Leaping Cat and the Green Oval. Official announcement after the jump.

[Source: Jaguar Land Rover]

A Helping Hand for Ohio

May 14th, 2012

The Wall Street Journal leads its worldwide newsbox with word that Pakistan is redeploying troops who had been fighting Islamic militants in the northwest. The troops may be headed for Pakistan’s eastern border with India, as tensions escalate between the two countries following the November terrorist attacks in Mumbai, India. The Washington Postleads with a look at Ohio’s dire need for an infusion of federal funds. After accruing a $7.3 billion budget deficit over the last two years, the governor says that the state’s only way out of its economic morass is through federal funding from a planned stimulus package from President-elect Barack Obama.

The Los Angeles Times leads (and the others go inside) with new developments in the Christmas Eve massacre of nine people in California by Bruce Jeffrey Pardo, whose original plan to flee to Canada after the shooting was thwarted after he received third-degree burns from the firebomb he set off. News has also surfaced of the precipitating event for Pardo’s recent divorce: Years before his marriage, he abandoned a son from a previous relationship who was paralyzed after a swimming pool accident that occurred while Pardo was baby-sitting him. The New York Times leads locally with the news that nearly $5 billion worth of development projects in the city have been put on hold or canceled due to the recession. Development projects have been a driving force in New York City’s economy, and their loss signifies unemployment for many of the city’s thousands of unionized workers.

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In addition to moving troops, Pakistan has also limited leave for all troops. Pakistani officials will not disclose how many troops have been shifted but say that the redeployment will not affect the country’s fight against terrorism. Conflicting sources in the WP put the number of troops at either 5,000 or 20,000. The NYT also fronts the story but notes that as of Friday Discount Herve Leger v neck, there was little evidence to indicate the shift was a significant redeployment; sources in the LAT frame Pakistan’s move “as a warning to India rather than an actively aggressive posture.” India has not ramped up its military presence in response, but it is advising citizens not to travel to Pakistan following an unconfirmed bomb in Lahore last week. Pakistani media sources reported that an Indian national set off the bomb.

Ohio has cut 100,000 jobs this year and $640 million from the budget year ending in June, but the state is still facing a further loss of 25 percent of discretionary funds in its next budget period. The governor is hoping for federal support for Medicaid, infrastructure projects, and education. Seeking funding for education is largely a preventative measure, as the state’s schools have not suffered budget cuts yet, but governors from several other states are teaming up with Ohio in this request.

The WSJ fronts a profile of the middlemen who found investors for Bernard Madoff. None of them are alleged to have known about Madoff’s investment scheme Buy Herve Leger v neck, but they may not always have been up front with clients about who was investing their money, either. In addition to Rene-Thierry Magon de la Villehuchet, the middleman in New York who apparently committed suicide earlier this week Replica Marc Jacobs Dresses, others who attracted funds for Madoff’s investments have also taken a fall with personal financial losses and now lawsuits brought against them by clients.

A front-page story in the WP delves into the role a private intelligence firm played in capturing an Afghan drug trafficker and Taliban supporter and selling other intelligence to the government, banks Discount Karen Millen Dresses, and securities firms. In the hope of securing future government contracts, Rosetta Research and Consulting led one of its top informants, Haji Bashir Noorzai, into the hands of Drug Enforcement Administration officials after luring him to the United States to provide intelligence to the FBI. Rosetta was never rewarded for its role in turning over the drug trafficker. Instead, the company fell thereafter when investors who wanted to support the fight against terrorism, not drug trafficking Cheap Karen Millen Dresses, pulled out.

The LAT fronts a story about Guantanamo Bay prisoners arrested as minors. Captured in Afghanistan as a 15-year-old on charges of throwing a grenade at an American soldier, Canadian Omar Khadr has been subjected to harsh interrogations during his six years in prison, which have involved “snarling dogs, ’stress positions’ and being upended by guards and used as a human mop to clean the floor.” Now legal scholars and human rights advocates are questioning the detention of Khadr and other juveniles with the argument that child soldiers should not be held responsible for crimes perpetrated by adults.

The WSJ tests another of Illinois Gov. Rod Blagojevich’s alleged corruption schemes for possible Obama involvement. An article finds that Obama may have “unwittingly” aided Blagojevich’s alleged attempts to use a planning board for hospital expansion projects to solicit money for political favors. As a state senator, Obama supported legislation five years ago that reformed the planning board but ultimately enabled Blagojevich to curry favor with a majority of the board members.

After “one of the worst holiday shopping seasons in decades,” the NYT fronts a story on retailers’ attempts to recoup some of their losses with massive post-Christmas sales. Estimates suggest that consumers purchased 10 percent to 40 percent fewer gift cards than last year, so package deals offer incentives to try to drive consumers into stores after the holidays to clear out merchandise before the spring.

As the recession carries on in the United States, the enormous crash of tiny Iceland’s economy earlier this fall continues to cast ripples in foreign markets. A front-page story in the WSJ reconstructs the last days of the collapse of Iceland’s economy, which sent the country plummeting from its previously high quality of life and has left investors abroad with little to no assurance that their deposits in Icelandic banks will ever be recovered. Banking assets vastly outnumbered Iceland’s national gross domestic product after the country’s banks were privatized and expanded in the early 1990s Buy White Herve leger, but even at its height, Iceland’s wealth was only “a mirage” perpetuated by high interest rates.

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ReportTata to get full stake in Jaguar and Land Ro

May 14th, 2012

The word out of Mumbai this morning is that Tata will be going for “an outright purchase” of Jaguar and Land Rover when the ink dries on its buyout of the two automakers from Ford. It was originally assumed that Ford would still maintain a minority stake in both luxury marques Emilio Pucci Dresses sale, as it did with the sale of Aston Martin to Prodrive last year Buy DKNY Dresses, but the Blue Oval boys have determined that the Tata is well equipped to take over both brands entirely. However Herve Leger sale, we’re unsure if Tata has the infrastructure to supply Jag and L.R. with the necessary components Cheap Herve Leger v neck, from drivetrains to switch knobs. We’ll know more when the deal is sealed in the coming months.

[Source: Reuters]

Clinton’s Time Machine

May 14th, 2012

Hillary Clinton

On Monday, as the primary season was about to end, Pennsylvania Gov. Ed Rendell, one of Hillary Clinton’s most prominent supporters, offered a valedictory. Noting his candidate’s success in the later primaries, and her strength against John McCain in key battleground states, Rendell said, “Most Clinton supporters are filled with bewilderment that this is happening. … Why haven’t these results caused the superdelegates to come around?”

By the standards that once governed nomination fights, Rendell’s question is completely legitimate. Once upon a time, the charge Clinton staged over the primaries of the last three months would have raised serious questions among the undecided. She won most of the later primaries, including all the biggest states save North Carolina; she garnered upward of 500,000 votes more and, if the Real Clear Politics poll averages are right, she runs stronger against McCain than Obama does in the purple states of Florida, Ohio, and Pennsylvania. (He runs stronger in Virginia, Wisconsin Cheap Chloe Dresses, and Iowa.)

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So why have the superdelegates been moving to Obama, almost in lock step? The answer, I think, lies in the lesson recent political history has taught: If you fight among yourselves in the summer, you are doomed in the fall.

Once upon a time, no one would be asking a serious presidential candidate why he or she was taking the fight to the convention. Every nominating contest was settled there; that’s what the convention was for. The handful of primaries that took place were essentially testing grounds Buy Christian Audigier Clothes, to prove to the real decision-makers, who would gather afterward, that a candidate could win votes. As late as 1968, Robert Kennedy told reporters at his announcement in mid-March that there was no way the primaries would decide the contest. A presidential candidate could hope that he might gather delegates from other candidates who were “favorite sons” of their states; they might deliver their delegations in return for a Cabinet post or federal largesse. And thus a front-runner might fade after a couple of ballots.

Even after 1968, when the primaries became the principal method of collecting delegates, convention battles remained the norm—at least for a while. Sometimes this was because of the particular battle at hand. The Democrats who opposed George McGovern in 1972 saw his nomination as a threat to their political power. They used every tool they had, including a last-minute challenge to California’ winner-take-all delegation, to derail him. In 1976, passionate followers of Ronald Reagan tried to force Gerald Ford into naming his running mate before the presidential balloting at the convention, hoping whomever he picked would alienate a decisive handful of delegates. In 1980, Ted Kennedy’s campaign was so determined to pull away Jimmy Carter’s delegates that the convention adopted a “bind and yank” rule—forcing delegates to keep voting for their original choice. Even in 1984 Herve Leger sale, Gary Hart’s campaign fought all the way to the convention floor.

But sometime around the mid-1980s, the political pros began to notice something: In contrast to past decades, when parties could rally after fierce nomination battles and win in November Cheap BCBG Dresses, contested conventions seemed to have become an infallible sign of defeat. From 1964 through 1984, the party with the contentious convention went down every time. Maybe it was coincidence; maybe all these candidates would have been doomed anyway. But the political class took notice. And, coincidence or not, nomination battles began to end earlier and earlier. In large part, this was because more states began holding their primaries earlier. But the frontloading also reflected the fact that candidates rarely managed to get a second wind. Under the onslaught of intense media coverage, a candidate who suffered an early defeat began to field the same questions as the manager of a New York baseball team: “Why are you losing? How long can you hang on?” Thus, from 1988 through 2004, nomination fights in both parties were effectively over by the spring. (When Sen. Clinton claimed late last month that her husband hadn’t really wrapped up the nomination until June 1992, she was wrong. Once he won the New York primary in April, he became unstoppable, and then everyone else dropped out.)

This year, much to the surprise of the political universe—and especially the Clinton campaign—the primary season, of course, did not end on Super Tuesday in February. And much to the surprise of political cliché-mongers, momentum took a leave of absence. (Mickey Kaus’ theory of “mutnemom,” where one victory seemed to trigger a loss in the next fight, seems more apt.) In a twist of political fate, the compressed calendar resulted in the longest primary season in more than three decades.

But in our era, the political pros who once would have sat up and taken notice of Clinton’s fourth-quarter charge have internalized Rule 1 of modern politics: no convention fights, especially if such a battle means a possibility, however slim DKNY Clothes sale, that the party would wind up reversing a majority of the pledged delegates and the popular will they reflect (more or less). The power brokers of an earlier age would have found this idea ludicrous. “Hey!” they might have yelped, “The primaries ended in a near-tie. We superdelegates exist to pick the candidate we think is the strongest!”

That, I suspect Herve Leger sale, is what folks like Gov. Rendell still have in mind. And they would have been right, once upon a time. It turns out that the only way Clinton could have beaten Barack Obama’s fundraising and organizing machine was to find a machine of her own: a time machine. (WABAC from Rocky and Bullwinkle, anyone?) If she could move the convention back a few decades, she’d have a genuine shot.

Flood alert as Warragamba spills

May 13th, 2012

Run-off from Sydney’s latest round of wet weather has caused Warragamba Dam to spill, and minor flood warnings have been issued for areas west of Sydney.

Water began to trickle over the dam’s floodgates in the early hours of Friday morning, and the gates were opened hours later.

The run-off of drenching rains and water rushing from the Nepean River have prompted the Bureau of Meteorology to issue a minor warning for the Hawkesbury River at North Richmond on Saturday.

About 114 millimetres of rain was recorded for Richmond Replica Tag Heuer Watches, in Sydney’s northwest Replica Parmigiani Fleurier Watches, since Monday but rainfall has now eased Where find Replica Roger Dubuis Watches, the bureau says.

However Replica Fendi Watches, North Richmond Bridge is expected to peak near the minor flood level at 4.3 metres early on Saturday morning.

The State Emergency Service (SES) says the Yarramundi Bridge is not expected to close but is being monitored over the weekend.

The Lower Portland and Sackville ferries on the Hawkesbury may close Replica Hublot Watches for Cheap, and there may be loss of power to irrigation pumps throughout Freemans Reach and McGraths Hill.

SES regional controller Peter Cinque said he was hoping for the best but planning for the worst.

“All the signs are that this will be a lesser event than the previous two flood warnings in the Hawkesbury/Nepean river system Fake Franck Muller Watches for sale,” Mr Cinque said in a statement on Friday.

The floodgates were opened at Warragamba Dam after it spilled for the second time in two months.

Since Monday, 179 millimetres of rain was recorded at Warragamba Dam.

The Sydney Catchment Authority (SCA) said the floodgates were opened at about 7.30am (AEST) on Friday.

Warragamba Dam reached capacity in early March for the first time in 14 years.