Sunday, January 13, 2013

Ravens stun Broncos in 2OT

Lewis' career not over yet as Baltimore rallies to beat top seed 38-35, reach AFC title game

By EDDIE PELLS

updated 12:14 a.m. ET Jan. 13, 2013

DENVER - Welcome to NFL immortality, Joe Flacco.

Somewhere up there in the all-time playoff archives near the "Hail Mary" by Staubach and the "Immaculate Reception" by Franco now lives the "Flacco Fling" by the Baltimore Ravens quarterback.

One big throw down the sideline, 70 make-or-break yards on a wing and a prayer - a high, arcing touchdown pass that soared through the icy air, flew over two defenders, landed in the hands of Jacoby Jones, saved the game for Baltimore and kept Ray Lewis' 17-year career going at least one more week.

The record will show Justin Tucker kicked a 47-yard field goal 1:42 into the second overtime Saturday to give the Ravens a 38-35 victory over Peyton Manning and the Denver Broncos. The highlight? That would be Flacco's game-tying touchdown to Jones on third-and-3 from the 30 with 31 seconds left in regulation and no timeouts.

"At that point," Flacco said, "you have to start taking shots. You have to get a little lucky."

And while Flacco gets to celebrate that throw, Manning will have a long offseason to think about a really bad one.

On Denver's second possession of overtime, he stopped and threw across his body to the middle of the field and into the arms of Ravens cornerback Corey Graham at Denver's 45. Baltimore (12-6) ran five plays and gained 16 yards before Tucker sailed his winning kick down the middle.

The Manning throw, intended for Brandon Stokley, was one that quarterbacks from junior high to the pros are advised not to make. It's a throw that unraveled all the good Manning has accomplished during this, his comeback season from neck surgery during which he threw for 37 touchdowns and led the Broncos (13-4) to top seeding in the AFC.

"Yeah, bad throw," Manning said. "Probably the decision wasn't great either. I thought I had an opening, and I didn't get enough on it, and I was trying to make a play and certainly a throw I'd like to have back."

Lewis, who led the Ravens with 17 tackles over this nearly 77-minute game in 13-degree weather, kneeled down to the ground and put his helmet on the rock-solid turf when it was over.

"I've never been a part of a game so crazy in my life," he said.

After he thaws out, the Ravens, 9 1/2-point underdogs for this one, will get ready for a game at either New England or Houston, who meet Sunday for the other spot in the AFC title game.

This game, the longest since the Browns beat the New York Jets 23-20 in 1987, was an all-timer - up there with San Diego's 41-38 double-overtime victory over Miami for drama. But Flacco's throw might best be bookended next to one made by Dallas quarterback Roger Staubach, who famously brought the term "Hail Mary" to football after his game-winning toss to Drew Pearson beat Minnesota in the 1975 playoffs.

Staubach was near midfield when he threw his.

Flacco, who finished with 331 yards and three scores, was standing around the 20 for his throw, buying time in the pocket when he saw Jones sprinting down the right sideline into double coverage.

Defensive back Tony Carter slowed up and let Jones streak by him. Instead of staying step for step with Jones, safety Rahim Moore tried to leap and knock down the ball. Flacco, who throws the high, deep ball as well as anyone, got it over Moore's head and into Jones' hands.

"I started to step up in the pocket and I kept my eye on the safety's depth at that point," Flacco said. "Just felt I had a shot of maybe getting over him. At that point in the game, you don't have any timeouts, when you've got to go a pretty decent length you've got to start taking shots at some point. It happened to work out."

Jones caught it and pranced into the end zone, blowing kisses toward the crowd.

"I was kissing to God. I was thanking the lord," Jones said. "I don't disbelieve in myself. I've been believing in myself since I was born. Never no disbelief."

Moore was on the verge of tears after the game.

"The loss, it was my fault," Moore said. "I got a little too happy. It was pathetic. My fault. Next time I'll make that play."

The teams were tied at 14 after the first quarter, 21 at halftime, 28 after three quarters and at 35-35 after regulation.

They punted three times to start overtime, the last of them setting up Denver on its 7-yard line.

Manning was moving the Broncos along slowly and steadily. But on second-and-6 from the 38, he rolled to his right, stopped, planted and threw across the field. Graham stepped in front of Stokley for the interception. The Ravens D-back also had a first-quarter interception, which he returned 39 yards for a touchdown and a 14-7 lead.

On many days, the two interceptions would have made him the star of the game. On this day - he was just another player making big plays for Baltimore. Even he was amazed at the Flacco-Jones touchdown.

"It was one of those miraculous plays," Graham said. "I don't think it'll ever be forgotten."

The wind chill at kickoff was 2 degrees, and Manning, wearing an orange-and-gray glove to get more feel in the icy weather, fell to 0-4 lifetime in playoff games when the temperature is 40 or less. He finished 28 for 43 for 290 yards and accounted for all three Denver turnovers - the two picks and a lost fumble that set up the touchdown that tied the game at 28 late in the third quarter.

Combined, the mistakes nullified a record-setting day for returner Trindon Holliday, who returned a punt 90 yards for a touchdown and a kickoff 104 yards for another score. Both were playoff records for longest returns, as was the 248 total return yards he had.

This was, more or less, the unthinkable for the Broncos, who came in on an 11-game winning streak and the odds-on favorite, at 3-1, to win the Super Bowl - in Manning's hometown of New Orleans, no less.

Instead, this loss goes down with the most devastating in Denver history. Right there with the 30-27 loss to the Jacksonville Jaguars on Jan. 4, 1997 - another year when Denver looked very much like Super Bowl material.

"Certainly we did a lot of good things this season, but as of right now, it's hard to think about anything besides the loss tonight," Manning said.


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Source: http://nbcsports.msnbc.com/id/50444566/ns/sports-nfl/

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Family businesses vital for UAE to rely less on oil

SHARJAH // Family businesses are an integral part of the economy but bridging the generation gap is vital for staying successful, academics warn in new research.

The companies are the main source of job and wealth creation and essential if the UAE hopes to move away from a reliance on oil, say researchers at the American University of Sharjah.

Family businesses are becoming less reliant on nepotism thanks to younger generations' formal education in running companies.

But there are clashes between how things used to be done, and what the next generation wants.

Dr Virginia Bodolica, associate professor and co-researcher, said: "Many of our students are of that second generation, sons and daughters of people with family businesses, and their father expects them after graduation to take over the business. They tell us how often there are these clashes of understanding, the leadership style that makes that business successful and so on. The educational levels between these generations makes a big difference."

Many businesses were set up back in the 1950s or 1960s, by Emiratis with little or no formal education.

"Without this business education, these founders succeeded enormously before this second generation came in," Dr Bodolica said.

But successive generations are more educated about issues such as corporate governance.

"They know about ethics, processes and structures, that it isn't favouritism or nepotism that runs the business," Dr Bodolica said.

In the Middle East, about 90 per cent of businesses are family run. There are no definitive statistics for the UAE, but the percentage is believed to be similar.

Dr Martin Spraggon-Hernandez, co-researcher, said family businesses remain "the main source of job and wealth creation".

Some companies, such as Ahmed Seddiqi and Sons, were very transparent in chronicling their history.

Others were more hesitant to discuss their status as a family business, fearing they could be viewed as less professional or more informal.

Values have changed since the 1950s, said Dr Bodolica. "Business is changing to a more western direction. The values and the culture of running a business is very different to how it used to be."

Emiratis studying abroad bring back expertise, which has helped businesses become more transparent and less prone to nepotism, said Dr Spraggon-Hernandez. The more successful of the 200 companies where the pair conducted interviews had more procedures in place for transparency and succession.

Dr Spraggon-Hernandez said it was no longer assumed the eldest son would take the helm, but rather the most qualified member of the family would succeed as chief executive.

"They put criteria of evaluation like they would for anyone outside the family, within the family. They then all decide who is best," he said.

"Performance criteria will assess who will be most successful within the family. You still have to prove yourself, but it's at the level of the family, which is important for the longevity of the business.

"The elder brother may be jealous, but not like before because everyone knows who is the right person, which reduces that family tension."

Board members continue to be mostly male, although family businesses are a key way to involve women in the labour market.

The continuation of family businesses is vital for the diversification of the country's economy.

"It's going to help move away from oil-related industry," said Dr Spraggon-Hernandez. "If you start investing in local businesses, this is going to help the country understand other businesses beyond oil and this can go on for generations."

The research, 'Understanding family businesses in UAE through an evolutionary perspective', was given a grant of Dh1 million over three years from the National Research Foundation (NRF), but this was cut to just Dh200,000 for one year.

"We're struggling," said Dr Spraggon-Hernandez, who has been pursuing the project for three years.

"There is no data on this topic and it's of great importance to the UAE but we need support. This research can help secure the competitiveness of the UAE in the long run."

Dr Ahmed Alosi, research programme manager at the NRF, said the organisation was trying to help find new donors. "In six or seven weeks we're trying to invite members of the business community to meet them," he said.

mswan@thenational.ae

Source: http://www.thenational.ae/news/uae-news/family-businesses-vital-for-uae-to-rely-less-on-oil?utm_source=rss&utm_medium=News&utm_campaign=feed

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Arqule, Daiichi's colorectal cancer drug fails trial

(Reuters) - ArQule Inc and Japan's Daiichi Sankyo Co Ltd said a mid-stage trial of their colorectal cancer drug failed to meet the main study goal of improving patient survival without the cancer getting worse, sending ArQule's shares tumbling before the bell.

ArQule shares were down 23 percent at $2.25 before the bell. They closed at $2.92 on Thursday on the Nasdaq.

The trial, which enrolled 122 patients with refractory or relapsed colorectal cancer, also failed to meet the secondary goal of showing improved response to the drug.

Patients were either given the drug, tivantinib, twice daily, in combination with older cancer drugs irinotecan and cetuximab, or placebo plus irinotecan and cetuximab.

The drug improved patients' progression-free survival (PFS), or survival without the cancer growing, but the improvement was not statistically significant.

PFS was 8.3 months for patients treated with the drug, compared with 7.3 months for those receiving a placebo.

ArQule tied up with Daiichi Sankyo in December 2008 to co-develop tivantinib in the United States, Europe, South America and other regions.

The companies plan to continue discussions with colorectal cancer experts to determine how to proceed with further development of the drug for this cancer, Daiichi said.

(Reporting by Esha Dey in Bangalore; Editing by Supriya Kurane)

Source: http://news.yahoo.com/arqule-daiichis-colorectal-cancer-drug-fails-trial-135333503--finance.html

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Saturday, January 12, 2013

Mick Foley to be inducted into WWE Hall of Fame

On Saturday, April 6, 2013, three-time WWE Champion, New York Times best-selling author and Hardcore Legend Mick Foley will be inducted into the WWE Hall of Fame ? right here, in New York City?s Madison Square Garden!

The beloved WWE Superstar who famously hitchhiked from upstate New York to MSG to watch his boyhood hero Jimmy Snuka battle Don Muraco in a Steel Cage Match is the first inductee announced for the Class of 2013. (TICKETS AVAILABLE NOW)

A New York native, Foley grew up on Long Island in the 1970s, fantasizing about one day becoming a charming and attractive WWE Superstar known as Dude Love. His sports-entertainment career took a very different path, though, as he grew to become Cactus Jack, a lawless maniac from Truth or Consequences, N.M., who put his body through unspeakable trauma in the pursuit of mayhem.

Foley gained national attention in WCW in the early ?90s where his physical wars with Vader and Sting earned him repute as one of the genre?s most exciting brawlers. (MORE ABOUT FOLEY vs. VADER) But it was in the macabre underworld of Japanese Hardcore Matches that the madman became a cult hero. Sports-entertainment fans across the globe traded grainy VHS tapes of Foley battling sadistic opponents in rings littered with barbed wire, broken glass and even C4 explosives. By the time he reemerged in the American wrestling scene in ECW, the videos had turned him into the most dangerous grappler on the planet.

WWE Hall of Famer Jim Ross helped bring Foley into WWE in 1996 where he was reinvented as Mankind, a demented sociopath who lurked in boiler rooms and hid his scarred face under a leather mask. Mankind was every bit as reckless as Cactus Jack ? perhaps even more so. That was made clear at 1998?s King of the Ring event where he was thrown from the roof of the Hell in a Cell and plummeted 20-feet through an announce table below in what was the single most shocking visual in sports-entertainment history. (WATCH)

Somewhat unexpectedly, Foley?s willingness to sacrifice his body for entertainment?s sake endeared him to WWE fans. With that, the twisted, frightening Superstar revealed himself as a goofy, intelligent lug who wrote the tender, best-selling biography ?Have A Nice Day: A Tale of Blood and Sweatsocks? and set a ratings record when he hosted a hilarious version of ?This Is Your Life? with The Rock on Raw in 1999. (WATCH) On the emotional night when Foley realized his childhood dream of winning the WWE Title, it felt like a victory not just for Mrs. Foley?s Baby Boy, but for the entire WWE Universe. (WATCH)

Mick Foley retired from full-time competition in 2000, although he would return to action on multiple occasions over the next decade ? most famously to battle Edge in a blistering Hardcore Match at WrestleMania 22. (WATCH MICK FOLEY'S HARDCORE MOMENTS) Still, Foley has stayed busy, performing standup comedy, publishing multiple books ? most recently with the children?s holiday tale ?A Most Mizerable Christmas? ? and leading a team into battle at the 2012 Survivor Series. But The Hardcore Legend?s unique legacy as a Superstar who was somehow dangerous, goofy and intelligent all at once was cemented long ago.

Want to be in attendance when Mrs. Foley?s Baby Boy joins the WWE Hall of Fame? Tickets for the Induction Ceremony go on sale to the general public this Saturday, Jan. 12, at 10 a.m. ET, and will be available at the MSG box office, online at Ticketmaster.com, various Ticketmaster outlets, or charge by phone at 800-745-3000. Ticket prices range from $50 to $150.

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Source: http://www.wwe.com/classics/wwe-hall-of-fame/mick-foley-to-be-inducted-into-wwe-hall-of-fame

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Cambridge Consultants T?, the tea-machine of the future taste test (video)

Cambridge Consultants T, the teamachine of the future taste test video

After water, tea is the world's favorite beverage, yet to the gadget-producing fraternity, it's cruelly ignored in favor of coffee machines. Thankfully, the folks at Cambridge Consultants are trying to remedy this with the Tê, a machine that promises to whip up a perfect brew in two minutes. Naturally, as your humble narrator is a milquetoast European correspondent, we were compelled to see if it could live up to its impressive claims. Grab a Chocolate HobNob and join us after the break.

Gallery: T? Machine

Continue reading Cambridge Consultants T?, the tea-machine of the future taste test (video)

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/4oWk2p5XbXg/

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PatsPlace Real Estate ? Baby Boomer Certified Homes ? Whaaat??

filed under: Buyer Information, Good Real Estate Information, Market Trends, Seller Information

ShireWe?ll rolling out a new Certification which should be both fun and useful. ?On any homes we list ? we will be making notations on the listings themselves and any advertising that they meet the following standards for Baby Boomer Certification.

1. ?Main Floor Master Suite

As the Baby Boomer Generation moves into upper middle age (polite words for getting older) ? they will need to make sure they have their bedroom and bathroom on the main floor. ?There is a chance there will be an illness or a surgery which will prevent them from climbing stairs to go to sleep at night. ?Now, they could sleep on the couch in the living room ? but that would not be ideal ? so to be certified for the optimal positive experience for Baby Boomers ? it must have a main floor master suite.

2. ?Garage and Main Entrance on the main level

No Tri-Level homes here! ? In addition ? the home must have an electronic garage door opener so the baby boomer owner can enter the garage ? get out of their car ? and have access to the home without going up or down to the main level of the home.

3. ?Main Floor Utility/Laundry Room

Of course, the Baby Boomer family is totally into cleanliness and keeping up with their laundry. ?All of these certified homes will have the laundry room on the main floor so no one has to fall down the stairs and break their hip while they try to do the laundry.

4. ?General Certification Items

- ?Certification can be either for ?condominiums or single family homes

- ?There are many other parameters in making a buying decision for the Baby Boomer ? make sure you work closely with your Realtor to discuss neighborhoods, distance from hospitals and doctors, general maintenance, etc.

- ?Being Baby Boomer Certified does not preclude those younger or older folks from purchasing these homes and living in them very successfully.

- ?We would be happy to get you more information ? just give us a call ? and guess what??? We are Baby Boomers ourselves!

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Source: http://patsplace.com/2013/01/10/baby-boomer-certified-homes-whaaat/

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IBM: Big Blue's Century Of Growth - Seeking Alpha

Disclosure: I am long INTC. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)

Introduction

In a previous article, the concept of Technology Staples was introduced, illustrating how a group of well-known technology companies have been beating the stereotype of being volatile, by offering investors steady returns, even though the roughest economic conditions.

Now let's investigate the original Technology Staple, (IBM).

Incorporated: 1911 (Tabulating Machine Company founded in 1880s)

Cash: $12.3 Billion

Summary

IBM has been providing technology solutions for over an entire century. The company behind the PC revolution was once considered left for dead, only to be resurrected as a service providing juggernaut in the 1990s.

Big Blue has been through every major technological change over the past century, and successfully navigated every paradigm shift, from punch cards and typewriters (we all remember what those are right?), mainframe computers, personal computers, laptops, the introduction of the Internet to the masses, and now working with mobile and cloud.

IBM is a one stop shop, where businesses can have their entire technology needs met - from hardware, software, services, and ongoing support. IBM can meet pretty much meet any need a company can think of.

Legendary investor Warren Buffett has been acquiring the company, and declared its wide moat position due to its competitive advantage of having high switching costs for its customers.

Cloud Threat

One criticism against IBM is a proposed paradigm shift in IT infrastructure, software and services towards the cloud-centric model, which offers a direct threat to the traditional in-house data center model that IBM provides its customers.

Cloud, in theory, provides on-demand switching for customers, with no upfront capital expenditure, and minimizes total cost of ownership of data center equipment and its supporting expenses (power, staffing). This hot technology is very appealing for senior managers, who may have trouble justifying a big capital request, but can easily absorb incremental, smooth subscription costs over the lifetime of a software platform, and also deliver a solution much more quickly to the business.

Hardware Margin Compression

A second criticism against IBM is continuing compression of hardware revenues. For the past decade, technology hardware has become a commodity as economies of scale, and major processor power improvements have reduced costs to customers dramatically.

Positioned for Steady Growth

However, my analysis indicates that IBM, a leader in the industry, has foreseen both trends, and has already positioned itself to meet upcoming threats, and take advantage of the opportunities which the growing Cloud market provides.

While continuing to maintain a leadership position in enterprise hardware, IBM has recognized the margin compression and has shifted its growth strategy towards higher margin software, leveraging its experience with penetrating emerging markets.

Source: IBM

Although often viewed as a slow moving company, IBM has a tremendous ability to shift its enormous resources towards emerging technology. After all, it was IBM that invested over $1 billion into Linux in the early 2000s in order to push it into the enterprise.

To meet the threat of cloud providers, such as Amazon (AMZN), the company has its own cloud strategy, offering both hosted solutions, along with private clouds for its customers.

Source: IBM

SWOT Analysis Summary

Strengths

  1. Strong management with experience, clear vision, realistic goals, and successful execution
  2. One stop shop which can vertically integrate any customer, for a complete hardware, software, and services solution.
  3. World class sales force
  4. History of deep research and development - resulting in five Nobel Prizes and more patents than any US technology company
  5. Very high understanding of international markets in which it operates
  6. High switching costs for existing customers

Weaknesses

  1. Cost savings over the past decade, produced by offshoring to less expensive labor sources, has reached diminishing returns status
  2. Due to size, slower growth rates than other technology peers such as Apple (AAPL), Amazon, or Google (GOOG)
  3. Share repurchasing while stock selling at a premium

Opportunities

  1. Building on double-digit growth in emerging markets and business analytics
  2. Track record of innovation and execution - able to capitalize on any emerging technology to provide business solutions, including mobile and cloud computing
  3. Shifting growth towards high margin software, analytics, and smart technology to reduce continuing hit from hardware margin compression

Threats

  1. Cloud computing competition offers low cost of entry, compared with the traditional in-house data center model
  2. Continued margin compression on hardware

Key Income and Value Metrics

IBM scores well in many areas. Looking at the charts, earnings and dividend growth are extremely impressive and reliable. The low PEG shows we can buy growth for a reasonable price.

The low payout ratio, huge cash stockpile and increasing earnings means IBM can sustain its dividend growth with no problem.

However, a concern for my value investing style is the premium over the Graham Number. I prefer my stocks to have a discount to the Graham Number, and unfortunately, IBM is selling at a major premium. This is a well-run company, and the market is clearly willing to pay a premium for this level of quality.

5-year dividend Growth: 21.4%

Yield: 1.8%

Payout Ratio: 0.23

Debt/Equity: 1.56

P/E - ttm : 14

5-Year PEG: 1.3

Percentage over Graham Number: 152.02%

O-Matrix Score: 5.29

Composite Opinions

Stock Scouter Rating: 8/10

Morningstar: 3/5

Motley Fool Community: 4/5

Data: MSN. Chart: Stock Market Functions Add-in for Excel

Data: MSN. Chart: Stock Market Functions Add-in for Excel

Low Volatility

Due to its track record of producing steady returns for shareholders, IBM has the honor of being one of the few technology companies actually included in the PowerShares S&P Low Volatility Fund (SPLV).

Conclusion

IBM's low P/E, low PEG, low payout ratio, steadily increasing earnings and very high dividend increases are very appealing.

While I really like IBM as a world-class company, an industry leader, and have full confidence in management, I find it does not meet my value expectations for entering a new position, at current prices.

Another issue I have with the stock is the continuous share buybacks at high prices. I would prefer buybacks to be done at a discount, as Intel (INTC) is currently doing.

When it hits the right price, IBM would be a great Technology Staple for the long term, so I will be keeping it on my watch list, for any major pullbacks.

Source: http://seekingalpha.com/article/1107591-ibm-big-blue-s-century-of-growth

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