text:
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
For the month of February 2018
Commission File Number: 000-30666
NETEASE, INC.
Building No. 7, West Zone
Zhongguancun Software Park (Phase II)
No.10 Xibeiwang East Road, Haidian District,
Beijing 100193, People's Republic of China
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
NetEase Reports Fourth Quarter 2017 Unaudited Financial Results
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
/s/ Zhaoxuan Yang
Zhaoxuan Yang
Contact for Media and Investors:
Margaret Shi
ir@service.netease.com
Tel: (+86) 571-8985-5201
brandi@corp.netease.com
NetEase Reports Fourth Quarter and Fiscal Year 2017 Unaudited Financial Results
(Beijing - February 7, 2018) - NetEase, Inc. (NASDAQ: NTES) ("NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2017.
Fourth Quarter 2017 Financial Highlights
· Net revenues were RMB14.6 billion (US$2.2 billion), an increase of 20.7% compared with the fourth quarter of 2016.
· Online game services net revenues were RMB8.0 billion (US$1.2 billion), a decrease of 10.7% compared with the fourth quarter of 2016.
· E-commerce net revenues were RMB4.7 billion (US$715.3 million), an increase of 175.2% compared with the fourth quarter of 2016.
· Advertising services net revenues were RMB736.6 million (US$113.2 million), an increase of 10.8% compared with the fourth quarter of 2016.
· E-mail and others net revenues were RMB1.2 billion (US$186.4 million), an increase of 54.8% compared with the fourth quarter of 2016.
· Gross profit was RMB5.7 billion (US$882.9 million), a decrease of 11.1% compared with the fourth quarter of 2016.
· Total operating expenses were RMB4.3 billion (US$663.6 million), an increase of 66.3% compared with the fourth quarter of 2016.
· Net income attributable to the Company's shareholders was RMB1.3 billion (US$197.6 million). Non-GAAP net income attributable to the Company's shareholders was RMB1.9 billion (US$288.8 million). [1]
· Diluted earnings per ADS were US$1.49; non-GAAP diluted earnings per ADS were US$2.18.
Fourth Quarter 2017 and Recent 2018 Operational Highlights
· Strengthened leading mobile portfolio, launched new self-developed hit mobile titles across global audiences including:
· Knives Out: Accumulated over 100 million registered users to date and has been recommended by Google Play Store in over 10 countries since its launch in November 2017.
· Terminator 2: Judgment Day: Accumulated over 80 million registered users to date, and the global release of Rules of Survival, has been ranked as one of the most popular games on the iOS platform and Google Play Store across multiple countries, including the U.S market, since its launch in November 2017.
· Popular games such as Japanese-themed RPG Forever 7 launched in November 2017 and highly-anticipated MMORPG Chu Liuxiang launched in January 2018.
· Successfully introduced Mojang's Minecraft in China across all platforms with early monetization progressing well.
· Invigorated the popularity of Onmyoji and expanded its international reach with the release of a new content update, successful launch in Thailand in November 2017 and introduction of a new MOBA version in January 2018, which was well-received by players.
· Reinforced strength of flagship titles with stable performances from self-developed games such as PC-client game Fantasy Westward Journey Online and mobile game Invincible.
· Progressed pipeline diversification strategy with upcoming games including asymmetrical battle arena game Identity V, RPG Sky and 2.5D casual battle arena game Alive.
"2017 marked another year of progress with growth across each of our core business segments year-over-year. Our total net revenues for the year increased by 41.7% as we brought a number of new blockbuster online games to audiences across the globe, considerably scaled our e-commerce business and further grew our landmark advertising services and e-mail and others business lines," said Mr. William Ding, Chief Executive Officer and Director of NetEase. "For the fourth quarter, our total net revenues continued to grow year-over-year and quarter-over-quarter. Although a few mobile titles such as Onmyoji and the mobile version of New Ghost experienced a decline, we have introduced new content for these games to attract players. During the fourth quarter, we held substantial promotions to support the successful launch of our new battle arena games Knives Out, Terminator 2: Judgment Day and Rules of Survival. We also made additional investments to further scale our thriving e-commerce businesses. We believe these strategic investments provide us with extended reach and momentum to support our future long-term growth.
[1] As used in this press release, non-GAAP net income attributable to the Company's shareholders is defined to exclude share-based compensation expenses and impairment on long-term investment of available-for-sale securities. See "Unaudited Reconciliation of GAAP and Non-GAAP Results" at the end of this press release.
"Our business remains strong and our 2018 initiatives to bring exciting new titles to our robust and diverse portfolio of self-developed games are well underway. To expand our reach, we will also seek partnerships with other industry leaders to bring mobile and PC-client games to audiences worldwide. Our e-commerce businesses and advertising services are also thriving, with e-commerce accounting for approximately 22% of our total net revenues in 2017. We will continue to expand our Kaola.com and Yanxuan e-commerce platforms in 2018 along with our other business segments where we see opportunities to generate value for our shareholders, as well as serve and grow our community of users by providing best-in-class online content and services," Mr. Ding concluded.
Change in Segment Reporting
Effective as of December 31, 2017, the Company changed its segment disclosure to separately report the financial results of its e-commerce business in light of the significant growth of the revenue contribution from e-commerce to the Company's total consolidated net revenues in 2017. This segment primarily reflects the results of NetEase's two e-commerce platforms, Kaola.com and Yanxuan, which were established in January 2015 and April 2016, respectively. The Company now reports four reporting segments: online game services, e-commerce, advertising services, and e-mail and others. This change in segment reporting aligns with the manner in which the Company's operating decision maker ("CODM") currently receives and uses financial information to allocate resources and evaluate the performance of reporting segments. This change in segment presentation does not affect consolidated balance sheets, consolidated statements of income or consolidated statements of cash flows. The Company retrospectively revised prior period segment information to conform to current period presentation.
Fourth Quarter 2017 Financial Results
Net Revenues
Net revenues for the fourth quarter of 2017 were RMB14,607.6 million (US$2,245.2 million), compared to RMB12,477.8 million and RMB12,099.0 million for the preceding quarter and the fourth quarter of 2016, respectively.
Net revenues from online games were RMB8,004.4 million (US$1,230.2 million) for the fourth quarter of 2017, compared to RMB8,111.7 million and RMB8,959.1 million for the preceding quarter and the fourth quarter of 2016, respectively. Mobile games accounted for approximately 68.0% of net revenues from online games for the fourth quarter of 2017, compared to 68.3% and 64.4% for the preceding quarter and the fourth quarter of 2016, respectively.
Net revenues from e-commerce were RMB4,653.7 million (US$715.3 million) for the fourth quarter of 2017, compared to RMB2,667.5 million and RMB1,691.2 million for the preceding quarter and the fourth quarter of 2016, respectively.
Net revenues from advertising services were RMB736.6 million (US$113.2 million) for the fourth quarter of 2017, compared to RMB631.4 million and RMB664.8 million for the preceding quarter and the fourth quarter of 2016, respectively. The top performing advertising verticals in the fourth quarter of 2017 were automobile, internet services and real estate sectors.
Net revenues from e-mail and others were RMB1,213.0 million (US$186.4 million) for the fourth quarter of 2017, compared to RMB1,067.2 million and RMB783.8 million for the preceding quarter and the fourth quarter of 2016, respectively.
Gross Profit/ (Loss)
Gross profit for the fourth quarter of 2017 was RMB5,744.6 million (US$882.9 million), compared to RMB5,947.6 million and RMB6,463.3 million for the preceding quarter and the fourth quarter of 2016, respectively.
The year-over-year and quarter-over-quarter decreases in online game services gross profit were primarily due to decreased revenue contribution from self-developed mobile games such as Onmyoji.
The year-over-year and quarter-over-quarter increases in e-commerce gross profit were primarily due to the rapid development of Kaola.com and Yanxuan.
The year-over-year and quarter-over-quarter increases in advertising services gross profit were primarily due to NetEase's enhanced monetization efforts and better economies of scale.
The year-over-year and quarter-over-quarter decreases in e-mail and others gross profit were primarily due to decreased revenue contribution from certain online platform businesses, which have relatively higher margins, as well as the one-off recognition of expense related to certain copyrights in the fourth quarter of 2017.
Gross Profit/ (Loss) Margin
Gross profit margin for online game services for the fourth quarter of 2017 was 61.4%, compared to 62.5% and 60.7% for the preceding quarter and the fourth quarter of 2016, respectively. The year-over-year increase in gross profit margin was mainly due to the one-off recognition of certain royalty expenses related to licensed games in the fourth quarter of 2016, which was partially offset by increased staff-related costs. The quarter-over-quarter decrease in gross profit margins was mainly due to increased staff-related costs.
Gross profit margin for e-commerce for the fourth quarter of 2017 was 7.4%, compared to 11.5% and 12.5% for the preceding quarter and the fourth quarter of 2016, respectively. The year-over-year and quarter-over-quarter decreases in e-commerce gross profit margin were primarily due to the larger-scale promotions and certain sales discounts in the fourth quarter of 2017, such as Singles Day on November 11, 2017.
Gross profit margin for advertising services for the fourth quarter of 2017 was 71.2%, compared to 68.0% and 66.5% for the preceding quarter and the fourth quarter of 2016, respectively. The year-over-year and quarter-over-quarter increases in gross profit margin were mainly due to NetEase's enhanced monetization efforts and better economies of scale.
Gross loss margin for e-mail and others for the fourth quarter of 2017 was 3.3%, compared to gross profit margin of 13.1% and 46.9% for the preceding quarter and the fourth quarter of 2016, respectively. The year-over-year and quarter-over-quarter decreases in gross margin were primarily due to the decreased revenue contribution from certain online platform businesses, which have relatively higher gross profit margins, as well as the one-off recognition of expense related to certain copyrights in the fourth quarter of 2017.
Total operating expenses for the fourth quarter of 2017 were RMB4,317.8 million (US$663.6 million), compared to RMB3,397.9 million and RMB2,596.6 million for the preceding quarter and the fourth quarter of 2016, respectively. The year-over-year and quarter-over-quarter increases in operating expenses were mainly due to increased selling and marketing expenses and research and development investments, and higher staff-related costs, as well as increased operating expenses related to NetEase's e-commerce businesses. Shipping and handling costs included in selling and marketing expenses for the fourth quarter of 2017 were RMB393.3 million (US$60.4 million), compared to RMB294.8 million and RMB177.2 million for the preceding quarter and the fourth quarter of 2016, respectively.
The Company recorded a net income tax charge of RMB290.4 million (US$44.6 million) for the fourth quarter of 2017, compared to RMB225.5 million and RMB882.0 million for the preceding quarter and the fourth quarter of 2016, respectively. The effective tax rate for the fourth quarter of 2017 was 18.2%, compared to 8.1% and 19.2% for the preceding quarter and the fourth quarter of 2016, respectively. The changes in the effective tax rate were mainly due to the fact that certain subsidiaries of the Company were recognized as Key Software Enterprises in the third quarter and fourth quarter of 2017, and subject to a preferential tax rate of 10% for 2016. The Company recognized related tax credits in the third quarter and fourth quarter of 2017 accordingly.
Net Income After Tax
Net income attributable to the Company's shareholders for the fourth quarter of 2017 totaled RMB1.3 billion (US$197.6 million), compared to RMB2.5 billion and RMB3.7 billion for the preceding quarter and the fourth quarter of 2016, respectively. Non-GAAP net income attributable to the Company's shareholders for the fourth quarter of 2017 totaled RMB1.9 billion (US$288.8 million), compared to RMB3.0 billion and RMB4.0 billion for the preceding quarter and the fourth quarter of 2016, respectively.
During the fourth quarter of 2017, the Company had a net foreign exchange loss of RMB159.1 million (US$24.5 million), compared to a net foreign exchange loss of RMB109.9 million and a net foreign exchange gain of RMB90.5 million for the preceding quarter and the fourth quarter of 2016, respectively. The year-over-year and quarter-over-quarter changes in foreign exchange gains and losses were mainly due to unrealized exchange gains and losses arising from the Company's U.S. dollar-denominated bank deposits and short-term loan balances as the exchange rate of the U.S. dollar against the RMB fluctuated over the periods.
NetEase reported basic and diluted earnings per ADS of US$1.50 and US$1.49, respectively, for the fourth quarter of 2017. The Company reported basic and diluted earnings per ADS of US$2.95 and US$2.93, respectively, for the preceding quarter, and basic and diluted earnings per ADS of US$4.31 and US$4.28, respectively, for the fourth quarter of 2016. Non-GAAP basic and diluted earnings per ADS were US$2.20 and US$2.18, respectively, for the fourth quarter of 2017, compared to non-GAAP basic and diluted earnings per ADS of US$3.53 and US$3.50, respectively, for the preceding quarter, and non-GAAP basic and diluted earnings per ADS of US$4.63 and US$4.59, respectively, for the fourth quarter of 2016.
Fiscal Year 2017 Financial Results
Total net revenues for fiscal year 2017 were RMB54.1 billion (US$8.3 billion), compared to RMB38.2 billion for the preceding fiscal year.
Net revenues from online games were RMB36.3 billion (US$5.6 billion) for fiscal year 2017, compared to RMB28.0 billion for the preceding fiscal year. Mobile games accounted for approximately 70.8% of net revenues from online games for fiscal year 2017, compared to 61.9% for the preceding fiscal year.
Net revenues from e-commerce were RMB11.7 billion (US$1.8 billion) for fiscal year 2017, compared to RMB4.5 billion for the preceding fiscal year.
Net revenues from advertising services were RMB2.4 billion (US$370.2 million) for fiscal year 2017, compared to RMB2.2 billion for the preceding fiscal year. The top performing advertising verticals in 2017 were automobile, internet services and real estate sectors.
Net revenues from e-mail and others were RMB3.7 billion (US$575.0 million) for fiscal year 2017, compared to RMB3.5 billion for the preceding fiscal year.
Gross profit for fiscal year 2017 was RMB25.9 billion (US$4.0 billion), compared to RMB21.7 billion for the preceding fiscal year.
The increase in online game services gross profit in 2017 was primarily attributable to increased revenue contribution from the Company's self-developed mobile games such as Onmyoji and the mobile version of New Ghost.
The increase in e-commerce gross profit in 2017 was primarily due to business development of Kaola.com and Yanxuan.
The increase in advertising services gross profit in 2017 was due to NetEase's enhanced monetization efforts and better economies of scale.
The decrease in e-mail and others gross profit in 2017 was primarily due to the decreased revenue contribution from certain online platform businesses, which have relatively higher margins, as well as the one-off recognition of expense related to certain copyrights in the fourth quarter of 2017.
Total operating expenses for fiscal year 2017 were RMB13.8 billion (US$2.1 billion), compared to RMB9.0 billion for the preceding fiscal year. The increase in operating expenses in 2017 was primarily due to increased selling and marketing expenses and research and development investments, and higher staff-related costs, as well as increased operating expenses related to NetEase's e-commerce businesses. Shipping and handling costs included in selling and marketing expenses for fiscal year 2017 were RMB1,182.7 million (US$181.8 million), compared to RMB503.0 million for the preceding fiscal year.
The Company recorded a net income tax charge of RMB2.2 billion (US$332.3 million) and RMB2.1 billion for fiscal years 2017 and 2016, respectively. The effective tax rate was 16.6% for fiscal year 2017, compared to 15.1% for fiscal year 2016. The changes in the effective tax rate were mainly due to the higher withholding tax recorded for fiscal year 2017.
Net income attributable to the Company's shareholders for fiscal year 2017 totaled RMB10.7 billion (US$1.6 billion), compared to RMB11.6 billion for the preceding fiscal year. Non-GAAP net income attributable to the Company's shareholders for fiscal year 2017 totaled RMB12.7 billion (US$2.0 billion), compared to RMB12.9 billion for fiscal year 2016.
For fiscal year 2017, the Company reported a net foreign exchange loss of RMB448.8 million (US$69.0 million), compared to a net foreign exchange gain of RMB146.5 million for the preceding fiscal year. The changes in foreign exchange gains and losses were mainly due to unrealized exchange gains and losses arising from the Company's U.S. dollar-denominated bank deposits and short-term loan balances as the exchange rate of the U.S. dollar against the RMB fluctuated over these periods.
NetEase reported basic and diluted earnings per ADS of US$12.50 and US$12.41, respectively, for fiscal year 2017, and basic and diluted earnings per ADS of US$13.59 and US$13.48, respectively, for fiscal year 2016. Non-GAAP basic and diluted earnings per ADS were US$14.85 and US$14.73, respectively, for fiscal year 2017, compared to non-GAAP basic and diluted earnings per ADS of US$15.06 and US$14.94, respectively, for fiscal year 2016.
Quarterly Dividend
The board of directors has approved a dividend of US$0.38 per ADS for the fourth quarter of 2017, which is expected to be paid on March 2, 2018 to shareholders of record as of the close of business on February 23, 2018.
NetEase paid dividends of US$1.08 per ADS for the first quarter of 2017 on June 2, 2017, US$0.83 per ADS for the second quarter of 2017 on September 1, 2017 and US$0.72 per ADS for the third quarter of 2017 on December 8, 2017, respectively.
Under the Company's quarterly dividend policy announced on May 13, 2014, quarterly dividends will be set at an amount equivalent to approximately 25% of the Company's anticipated net income after tax in each fiscal quarter. The determination to make dividend distributions and the amount of such distributions in any particular quarter will be made at the discretion of the board of directors and will be based upon the Company's operations and earnings, cash flow, financial condition and other relevant factors.
As of December 31, 2017, the Company's total cash and cash equivalents, current and non-current time deposits and short-term investments balance totaled RMB43.2 billion (US$6.6 billion), compared to RMB36.9 billion as of December 31, 2016. Cash flow generated from operating activities was RMB11.9 billion (US$1.8 billion) for fiscal year 2017, compared to RMB15.5 billion for the preceding fiscal year.
Share Repurchase Program
On November 15, 2016, the Company announced that its board of directors approved a share repurchase program of up to US$1.0 billion of the Company's outstanding ADSs for a period not to exceed 12 months. As of November 14, 2017, the last day of such program, the Company had repurchased approximately 1.1 million ADSs for approximately US$306.1 million under this program.
On November 15, 2017, the Company announced that its board of directors has approved a new share repurchase program of up to US$1.0 billion of the Company's outstanding ADSs for a period not to exceed 12 months beginning on November 16, 2017. As of December 31, 2017, no ADS were repurchased under this program.
Under the terms of the current approved program, NetEase may repurchase its issued and outstanding ADSs in open-market transactions on the NASDAQ Global Select Market. The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission (SEC) Rule 10b-18 requirements. It is also expected that such repurchases will be effected pursuant to a plan in conformity with SEC Rule 10b5-1. The extent to which NetEase repurchases its ADSs will depend upon a variety of factors, including market conditions, regulatory requirements and other corporate considerations, as determined by NetEase's management team. The repurchase program may be suspended or discontinued at any time.
** The United States dollar (US$) amounts disclosed in this press release are presented solely for the convenience of the reader. Translations of amounts from RMB into United States dollars for the convenience of the reader were calculated at the noon buying rate of US$1.00 = RMB6.5063 on December 29, 2017 as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate on December 29, 2017, or at any other certain date. The percentages stated are calculated based on RMB.
Notes to Unaudited Financial Information
The unaudited financial information disclosed in this press release is preliminary. The audit of the financial statements and related notes to be included in the Company's annual report on Form 20-F for the year ended December 31, 2017 is still in progress. In addition, because an audit of the Company's internal controls over financial reporting in connection with section 404 of the Sarbanes-Oxley Act of 2002 has not yet been completed, the Company makes no representation as to the effectiveness of those internal controls as of the end of fiscal year 2017.
Adjustments to the financial statements may be identified when the audit work is completed, which could result in significant differences between the Company's audited financial statements and this preliminary unaudited financial information.
NetEase's management team will host a teleconference call with simultaneous webcast at 8:00 p.m. Eastern Time on Wednesday, February 7, 2018 (Beijing/Hong Kong Time: 9:00 a.m., Thursday, February 8, 2018). NetEase's management will be on the call to discuss the quarterly results and answer questions.
Interested parties may participate in the conference call by dialing 1-800-281-7973 (international: 1-323-794-2093), 10-15 minutes prior to the initiation of the call. A replay of the call will be available by dialing 1-888-203-1112 (international: 1-719-457-0820), and entering passcode 3213566#. The replay will be available through February 21, 2018.
This call will be webcast live and the replay will be available for 12 months. Both will be available on NetEase's Investor Relations website at http://ir.netease.com.
About NetEase, Inc.
NetEase, Inc. (NASDAQ: NTES) is a leading internet technology company in China. Dedicated to providing online services centered around content, community, communication and commerce, NetEase develops and operates some of China's most popular PC-client and mobile games, e-commerce businesses, advertising services and e-mail services. In partnership with Blizzard Entertainment, Mojang AB (a Microsoft subsidiary) and other global game developers, NetEase also operates some of the most popular international online games in China. For more information, please visit: http://ir.netease.com/.
This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks related to: the risk that the online game market will not continue to grow or that NetEase will not be able to maintain its leading position in that market, which could occur if, for example, its new online games or expansion packs and other improvements to its existing games do not become as popular as management anticipates; the ability of NetEase to successfully expand its mobile internet offerings; the ability of NetEase to effectively market its games and other services and achieve a positive return on its marketing expenditures; the risk that NetEase's affiliates will not be able to continue operating Minecraft, World of Warcraft®, StarCraft® II, Hearthstone®, Diablo® III: Reaper of Souls™, Heroes of the Storm®, Overwatch® or other games licensed by it for a period of time or permanently due to possible governmental actions or the risk that such games will not be popular with game players in China; the risk that changes in Chinese government regulation of the online game market and the market for NetEase's e-commerce businesses may limit future growth of NetEase's revenues or cause revenues to decline; competition in the online advertising business and the risk that investments by NetEase in its content and services may not increase the appeal of the NetEase websites among internet users or result in increased advertising revenues; the risk that NetEase may not be able to continuously develop new and creative online services, including its ability to maintain and enhance the popularity of its e-mail, mobile and e-commerce businesses and develop attractive mobile games; the risk that NetEase will not be able to control its expenses in future periods; competition in NetEase's existing and potential markets; governmental uncertainties (including possible changes in the effective tax rates applicable to NetEase and its subsidiaries and affiliates and the ability of NetEase to receive and maintain approvals of the preferential tax treatments and general competition and price pressures in the marketplace); the risk that fluctuations in the value of the Renminbi with respect to other currencies could adversely affect NetEase's business and financial results; and other risks outlined in NetEase's filings with the Securities and Exchange Commission. NetEase does not undertake any obligation to update this forward-looking information, except as required under the applicable law.
NetEase considers and uses non-GAAP financial measures, such as non-GAAP net income attributable to the Company's shareholders and non-GAAP basic and diluted earnings per ADS, as supplemental metrics in reviewing and assessing its operating performance and formulating its business plan. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").
NetEase defines non-GAAP net income attributable to the Company's shareholders as net income attributable to the Company's shareholders excluding share-based compensation expenses and impairment on long-term investment of available-for-sale securities. Non-GAAP net income attributable to the Company's shareholders enables NetEase's management to assess its operating results without considering the impact of share-based compensation expenses and impairment on long-term investment of available-for-sale securities, which are non-cash charges. NetEase believes that these non-GAAP financial measures provide useful information to investors in understanding and evaluating the Company's current operating performance and future prospects in the same manner as management does, if they so choose. NetEase also believes that the use of this non-GAAP financial measure facilitates investors' assessment of its operating performance.
Non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using non-GAAP net income attributable to the Company's shareholders is that it does not reflect all items of expense that affect our operations. Share-based compensation expenses and impairment on long-term investment of available-for-sale securities have been and may continue to be incurred in our business and are not reflected in the presentation of non-GAAP net income attributable to the Company's shareholders. In addition, the non-GAAP financial measures NetEase uses may differ from the non-GAAP measures used by other companies, including peer companies, and therefore their comparability may be limited.
NetEase compensates for these limitations by reconciling non-GAAP net income attributable to the Company's shareholders to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company's performance. See "Reconciliation of GAAP and Non-GAAP Results" at the end of this press release. NetEase encourages you to review its financial information in its entirety and not rely on a single financial measure.
(RMB and USD in thousands)
USD (Note 1)
Time deposits
Restricted cash
Accounts receivable, net
Inventories,net
Prepayments and other current assets
Non-current assets:
Property, equipment and software, net
Land use right, net
Deferred tax assets *
Other long-term assets
Liabilities, Redeemable Noncontrolling Interests and Shareholders' Equity
Salary and welfare payables
Taxes payable
Short-term loans
Deferred revenue
Accrued liabilities and other payables
Long-term payable:
Deferred tax liabilities *
Other long-term payable
Redeemable noncontrolling interests
Total NetEase, Inc.'s equity
Noncontrolling interests
Total shareholders' equity
Total liabilities, redeemable noncontrolling interests and shareholders' equity
The accompanying notes are an integral part of this press release.
*In 2017, the Company adopted the guidance of ASU 2015-17 issued by FASB in November 2015, which requires entities to present deferred tax assets ("DTA") and deferred tax liabilities ("DTL") as non-current in the balance sheets. Pursuant to the guidance, the Company retrospectively reclassified current DTA and current DTL to non-current assets and to non-current liabilities, respectively, in the consolidated balance sheet as of December 31, 2016.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(RMB and USD in thousands, except per share data)
Year Ended
(5,635,741
(16,515,032
Selling and marketing expenses
General and administrative expenses
Research and development expenses
Investment income, net
Interest income, net
Exchange gains/ (losses), net
Net income before tax
Net income attributable to noncontrolling interests and redeemable noncontrolling interests
Net income attributable to the Company's shareholders
Basic earnings per ADS
Diluted earnings per ADS
Weighted average number of ordinary shares outstanding, basic
Weighted average number of ADS outstanding, basic
Weighted average number of ordinary shares outstanding, diluted
Weighted average number of ADS outstanding, diluted
Impairment loss for investments
Share-based compensation cost
(Reversal of)/ allowance for provision for doubtful debts
Losses/ (gains) on disposal of property, equipment and software
Unrealized exchange (gains)/ losses
Gain on disposal of long-term investments
Deferred income taxes
Net equity share of loss/ (gains) from associated companies
Fair value changes of short-term investments
Purchase of property, equipment and software
Proceeds from sale of property, equipment and software
Purchase of other intangible assets
Purchase of land use right
Net change in short-term investments with terms of three months or less
Purchase of short-term investments
Proceeds from maturities of short-term investments
Investment in associated companies
Proceeds from disposal of investment in associated company and long-term investments
Transfer (to)/ from restricted cash
Placement/rollover of matured time deposits
Proceeds from maturities of time deposits
Net change in other assets
Proceeds of short-term bank loans
Payment of short-term bank loans
Capital contribution from noncontrolling interests and redeemable noncontrolling interests shareholders
Dividends paid to shareholders
Net cash provided by /(used in) financing activities
Effect of exchange rate changes on cash held in foreign currencies
Net increase/ (decrease) in cash and cash equivalents
Cash and cash equivalents, beginning of the period
Cash and cash equivalents, end of the period
Cash paid for income tax, net of tax refund
Supplemental schedule of non-cash investing and financing activities:
Fixed asset purchases financed by accounts payable and accrued liabilities
UNAUDITED SEGMENT INFORMATION
(RMB and USD in thousands, except percentages)
Net revenues:
E-mail and others
Total net revenues
Cost of revenues:
Total cost of revenues
Gross profit/ (loss):
Total gross profit
Gross profit/ (loss) margin:
Note 1: The conversion of Renminbi (RMB) into United States dollars (USD) is based on the noon buying rate of USD1.00 = RMB6.5063 on the last trading day of December 2017 (December 29, 2017) as set forth in the H.10 statistical release of the U.S. Federal Reserve Board.
Note 2: Share-based compensation cost reported in the Company's unaudited condensed consolidated statements of comprehensive income is set out as follows in RMB and USD (in thousands):
Share-based compensation cost included in:
- Selling and marketing expenses
- General and administrative expenses
- Research and development expenses
UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS
Add: Share-based compensation
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Cambodia / Denmark / Finland / International relations / Sweden / Vietnam
Sweden reiterates its call on Cambodia to allow freedom of speech
August 20, 2021 - by Mette Larsen - Leave a Comment
Rong Chhun was sentenced to two years for incitement to cause serious disorder to social security. Hong Menea
On 18 August, the prominent labor rights activist Rong Chhun was sentenced by the Phnom Penh Municipal Court to two years in prison and fined two million riels ($500) for incitement to cause serious disorder to social security. The ruling comes amid a continuing crackdown on critical voices in Cambodia and according to the Embassy of Sweden in Phnom Penh, it "criminalizes public expression of dissent or political criticism" and the Embassy has in a statement reiterates its call on Cambodia to allow freedom of speech.
The statement posted by the Embassy of Sweden in Phnom Penh on 19 August reads:
"All Cambodian citizens, regardless of their organizational affiliation, need to be guaranteed the freedom of speech and the freedom of peaceful assembly, in accordance with the International Covenant on Civil and Political Rights and the rights enshrined in Cambodia's Constitution. Freedom of speech is an essential part of a functioning democracy, as are independent courts, which should not be used to silence peaceful activists.
The verdict of Mr. Rong Chhun and the other two activists is of our concern, since it criminalizes public expression of dissent or political criticism, and raises questions about the independence of the Cambodian judicial system. Sweden jointly with the European Union in Cambodia reiterates its call on Cambodia to allow freedom of expression and assembly, in accordance with its international commitments."
According to the Phnom Penh Post, the case appears to stem from comments Rong Chhun made about land rights for villagers along the Cambodia-Vietnam border and has been closely watched by the local and international community. Two other activists, Sor Kanika and Ton Nimol, who were originally arrested for demanding Chhun's release were also convicted on the same charges and sentenced to 20 months in prison, and fined two million riels each.
Rong Chhun was arrested from his home on July 31 last year for posting claims on Facebook that Cambodia had lost land to Vietnam, citing comments by villagers. He has been in prison ever since and according to Rong Chhun's defense lawyer Choung Chou Ngy, who also defended Sor Kanika, the sentence was unjust and he was discussing an appeal with his clients. According to the justice ministry, however, Rong Chhun's arrest adhered to the Kingdom's Criminal Code as he fabricated information about the line of demarcation at the Cambodia-Vietnam border to mislead the public and cause social unrest.
Sweden, UN Cambodia, and partners launch music video on sexual gender-based violence
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text:
Speaker: Election Buying Claims Are Not A Breach Of Plp Leader'S Privilege
Opposition Leader Philip 'Brave' Davis' in the House of Assembly. Photo: Shawn Hanna/Tribune Staff
As of Thursday, November 2, 2017
By KHRISNA RUSSELL
Deputy Chief Reporter
krussell@tribunemedia.net
FINANCE Minister Peter Turnquest's assertions regarding the former Christie administration's handling of a $150m hurricane relief loan does not constitute a breach of Opposition Leader Philip "Brave" Davis' privilege, House Speaker Halson Moultrie ruled yesterday.
As he rejected the request for this matter to be investigated by the Committee on Privilege, Mr Moultrie explained there must be much more than just hurt feelings or the anxiety of fleeing when no one is chasing.
Last month, in a statement, Mr Turnquest said the Minnis administration suspected the former government spent $42m of a $150m hurricane relief fund in a failed bid to buy the election. He had previously stated in the House of Assembly the government was only able to trace $108m of the money, but added at the time this does not mean the remaining money is unaccounted for, just that the government had not been able to trace it.
Mr Davis argued in the House of Assembly shortly afterwards that the comments about election buying were a breach of his privilege and called on the Speaker to refer the matter to the committee.
However, Mr Moultrie said he was not satisfied a prima facie case for referral was established, adding the comments were not made within the confines of Parliament. Meanwhile, following the ruling, Mr Turnquest in an interview after the morning session appeared to walk back earlier comments that the money was in part spent on the 2017 general election.
"I have found that the facts and evidence provided are insufficient to ostensibly establish a fact or a case unless disproved," Mr Moultrie said yesterday morning in the House of Assembly.
He also said: "Privilege essentially belongs to the House as a whole; individual members can only claim privilege insofar as any denial of their rights, or threat made to them, would impede the functioning of the House. In addition, individual members cannot claim privilege or immunity on matters that are unrelated to their functions in the House.
"The leader of the opposition did not allege that the statement or any party thereof, made by the member for East Grand Bahama, as published in The Tribune's report, falls specifically within or foul of the rules and/or principles enunciated above.
"The standard of proof demanded in establishing a prima facie case of privilege is the civil standard of proof on the balance of probabilities, but given the serious nature of the allegation, proof of a very high order is required. The need for such a high measure of proof is underscored by the fact that there is effectively no right of appeal.
"Even if the member of East Grand Bahama was loose, negligent or reckless in the use of words, this in itself, falls short of the standard required to hold a member responsible for deliberately misleading the public or the House for that matter."
He continued: "Honourable members, for misleading of the House to be deliberate, there must be something in the nature of the incorrect statement that indicates an intention to mislead. There must be much more than just hurt feelings or the anxiety of fleeing when no one is chasing.
"It is against this background that I rule that the matter referred to me does not constitute a prima facie case of breach of privilege and to rule otherwise would result in the ancient privilege that I pledged to protect being modified or surrendered."
Following the House session, Mr Turnquest told reporters he had no reason not to believe the unaccounted funds were not in the Consolidated Fund.
Earlier in his interview, the East Grand Bahama MP said the government was not trying to find the money "because there is nothing to find."
Mr Turnquest said: "What we are doing and what we have done is that we went through expenditures that were identified as hurricane related and we tallied all of those. So that's what we have. Now we will continue to go through that process to see if we can find more. Maybe we will, I don't know.
"The money is in the Consolidated Fund, just as they said. I presume it is. I don't know that it is or not. They said that it is in the Consolidated Fund. I have no reason to not believe that," he also said.
Asked how the money is traced, Mr Turnquest told reporters: "Any expenditure out of the Public Treasury has supporting documentation. It is approved. So we can tell based upon coding and determine how the money was spent.
"To what extent it was spent on hurricane related matters or whether it was spent on something else. So that's how we are able to say $108m was spent on hurricane matters because we can look and the voucher will say paid for lumber, paid for transportation, paid for whatever.
"I can't find the vouchers for that ($42m) and again the process continues but to date we have not been able to identify $42m of the $150m that was borrowed as being spent directly on hurricane relief expenses."
Mitchell demands Turnquest apologise
'We didn't misuse funding'
Rolle says Davis claims are breach of privilege
Hurricane funds remain untraced
Davis: Money doesn't just walk out of the treasury
BahamasForBahamians 1 year, 8 months ago
The tribune has shown its bias in the political land scape of the Bahamas.
there is a front page article leading all the dailies, including the Tribune, and dominating the conversation no social media .. however, as has been done before, it has been intentionally missed by the tribune's online outlet.
We want to hear about how Peter aka Patrick Star has misspoke about the PLP stealing money AGAIN.
TalRussell 1 year, 8 months ago
Comrades! Tis all small stuff. The Bahamland sun will shine tomorrow.
sheeprunner12 1 year, 8 months ago
Davis (& Cooper) must distance this PLP from Perry and Pindling ........ he needs to appeal to his island roots and revert the PLP to a political party that was forged in the belly of island poverty and economic struggle ...... not urban crime and social intrigue ......... Davis needs to identify with the real PLP Founding Fathers not the Black Usurpers (even though he is black as sin).
birdiestrachan 1 year, 8 months ago
Mr. Davis had to present his case on the house floor for the records. I doubt he expected the speaker to rule in his favor Right or wrong it will not happen.
Is sheeprunner showing his colour or not. We are black but comely.
Sir Lynden and Mr: Christie has done much for the Bahamas the history is sealed and no one can change history. University of the Bahamas, Urban renewal and the list goes on. Pay attention.
Mr. .Davis had to present his case for the house records. I doubt he expected the speaker would rule in his behalf. right or wrong it will not happen.
Is Sheep runner showing his colours or not. We are black bu


text:
Baby death hospital was doomed from the start
Report seen by Times Select shows architectural design flaws exposing newly built hospital to infection control problems
The Thelle Mogoerane hospital in Vosloorus, east of Johannesburg, where six babies recently died of the drug-resistant bacteria Klebsiella, had architectural design flaws that could cause poor infection control, according to a report seen by Times Select.
A report, titled "Thelle Mogoerane Hospital Post-occupancy Evaluation" and compiled by the Council for Scientific and Industrial Research (CSIR) shows the construction of the hospital not only almost cost double the budgeted amount, but also had fewer beds than the old Natalspruit hospital it was set to replace.
The new Thelle Mogoerane hospital had overcrowded wards from the very beginning, forcing it to accommodate babies and patients in the passage – still a problem to this day.
The report was commissioned by the Gauteng health department and published in 2016, but has not been made public.
It said the project to build the new hospital faced several delays and was completed in 2014, six years after its target. It was budgeted to cost just under R900m, but ended up costing R1.7bn.
In one delay, when the national health department asked for plans to be changed, it took 22 months for approval. In that time, the contractor, who could not do any construction, was paid R6.7m while waiting for the approval.
Yet there were still design flaws that included an overly small neonatal ward for babies (there was space for 10 babies, compared to 50 in the old hospital), a labour ward that was too small and inadequate space to store cleaning equipment.
The six baby deaths between May and September at the hospital were due to Klebsiella being a highly drug-resistant bacteria, but also: overcrowding makes it easy for the Klebsiella to spread.
Gauteng health spokesperson Lesemang Matuka told Times Select the province's population had doubled since 2006, but the capacity of its state health facilities remained the same.
"This leads to overcrowding in hospitals, and the overcrowding in wards and ICUs makes it easy for germs to spread," Matuka said.
The report said the old Natalspruit hospital had 870 beds, compared to Thelle Mogoerane's 760 beds.
"One would expect the new hospital to be the same or better, but this does not appear to be the case in all areas," the report reads.
From inception, some wards were 100% occupied.
"In many wards, such as the labour ward and medical admission wards, there are patient beds in the passages or beds are doubled up, such as in the private delivery ward," the report says.
Then there was another problem – some wards were understaffed.
The intensive care unit had 22 beds but could only accommodate 11 patients because there were not enough nurses to serve a full ICU.
Other problems included insufficient storage space in general. In the wards, there is not enough storage space for stock, and clean and dirty line. As a result, the assisted bathroom in the maternity ward was used as a dirty linen store.
The nurses' station in the neonatal ward for newborn babies was used to store unused equipment, which also posed a health and safety risk.
"Storage for old, broken and unused equipment is inadequate."
Treatment Action Campaign chairperson Anele Yawa in November described the situation at Thelle Mogoerane as "deplorable", saying there were serious staff shortages, dirty facilities, overcrowding problems and long waiting times.
Acting CEO of the hospital Dr Jatin Ganda told Times Select some of the problems that were identified by the CSIR had since been fixed.
This included no wash basin being at the entrance to the neonatal baby ICU, where doctors and nurses needed to wash their hands; and no isolation ward for babies with infectious diseases.
Ganda confirmed the hospital now had a wash basin and an isolation ward for babies, and said adequate storage space had been created for cleaning equipment.
But the hospital remains overcrowded. Ganda said "due to population growth" the number of babies in the hospital exceeded the number of baby beds available.
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Wanna get royally wasted? Zulu king's booze will sort you out
By Bongani Mthethwa
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By Justice Malala


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Bono for Vuitton?! Really! I don't see it.


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text:
10 things in tech you need to know today
Shona Ghosh and Rachel Sandler
Margrethe Vestager.
Vimeo/Markus Böhnisch
Good morning! This is the tech news you need to know this Thursday.
1. Google received a $5 billion fine from Europe's competition watchdog for abusing its dominant Android mobile operating system. The European Commission said Google illegally required manufacturers to pre-install some of its own apps and services in order to access the Google Play app store.
2. Facebook CEO Mark Zuckerberg took harsh criticism on Wednesday after he said that the social network wouldn't ban Holocaust deniers from Facebook. Zuckberg said that, although he finds Holocaust denialism deeply offensive, it's not Facebook's job to prevent anyone from saying something false, but rather to combat fake news and misinformation that's spread maliciously.
3. Embattled Tesla CEO Elon Musk apologised for a baseless insult against British cave diver Vern Unsworth. Musk said he had called Unsworth "pedo guy" because he was angry.
4. Samsung is reportedly planning a foldable smartphone that will be released next year, according to a report from The Wall Street Journal. The phone will reportedly have a 7-inch display and will fold in half like a wallet.
5. The woman with the power to break up Google, European Competition Commissioner Margrethe Vestager, said it won't be the "silver bullet" to ensure greater competition. There are lots of rumours that the European Commission could split Google up, and that Vestager would be the one to wield the axe.
6. Amazon said it won't produce its own networking switches that would compete with Cisco, contradicting a recent report. Cisco's stock shot up about 3% after the denial.
7. Apple released new versions of the MacBook Pro last week, which included quieter keyboards and new specs that boost performance. The general consensus among reviewers seems to be that there's a big improvement in performance, but other features like the quieter keyboards aren't as exciting.
8. Facebook said that it will begin removing fake news that leads to violence. Posts will be reviewed in partnership with local organizations, including threat intelligence agencies, which Facebook says are in the best position to evaluate threats.
9. Chinese bike-sharing company Ofo has laid off employees in North America. The layoffs mark a big scale-back in US operations.
10. Samsung might be preparing to launch a $300 speaker featuring its smart assistant Bixby. Samsung reportedly plans to market its speaker as a premium device.
Have an Amazon Alexa device? Now you can hear 10 Things in Tech each morning. Just search for "Business Insider" in your Alexa's flash briefing settings.
One last thing: Business Insider wants your nominations for the coolest people in the British tech industry. Please get in touch if you know someone who should be included in our UK Tech 100.
More: 10 Things You Need To Know SAI 10 Things You Need To Know SAI UK


The African Telately Association (ATA) is a country wide non-profit making organisation that was formed in Johannesburg by six members ( Cedric Edwards, Mike Evert, Ken Bezuidenhout, Dawie Schwartz, Terry Devine and Willie Geyer) on 21 May 1996 as the Phonecard Collectors Club, with the object to promote the professional collection of South African phonecards and other smart cards.
to confusion arising from the fact that Telkom SA Ltd also started to call their Collectors service "The phonecard collectors club".
The Association issues a newsletter " The African Telatelist" with an article of interest, general news of interest and a postal phonecard auction. Meetings are held at 13h30 on the first Sunday of each month in the Conference room of the Roodepoort Police Station. Swapping of telately items and a mini-auction are also conducted at these meetings.
The Association has grown in membership to approximately 90 members, which includes some junior members. There are many more social collectors who are not members.


PAY CLOSE ATTENTION TO THE NARRATOR'S INSTRUCTIONS!
… well, I found this one on Youtube.
In fact, it's the exact same video that I used to show students of our training division (before I gave it away to my ex-business-partner).
But, first be sure to let me know what you thought of this video!
I lost count because of the gorilla – and then I started asking what else I was missing (like the letters on the wall at the back). Maybe I should get myself checked out for ADHD?
I'm afraid I can only partly agree with Ramit Sethi's post – I do want the detail. I am willing to spend time to understand the nuts and bolts of investments. I definitely do not want to just put my money into somebody's recomended automatic investment programme – regardless of whether it's designed specifically for me or not. Such an approach may work for a lot of people but it will not work for me. I want to know exactly what I am doing with my money and why. I also have only limited interest in an approach which is likely to be designed to produce (at best) only average returns.
I got the right count and saw the gorilla, so did 2 other peeps I asked to watch it….
I got the count right,but missed the Gorilla.
However, a little unfair, as I was doing what I was told, and that was to count something, so other items didn't seem important at that moment.Unless it was a fire, I don't think I would have seen it.
@ Steve – It's a 50/50 thing … but, buffering may cause a slowdown allowing >50% to see the gorilla.
I got the correct count and saw the gorilla in the first take (although, just barely).


text:
Home / About / Partners
BK Tires
About BKT:
BKT offers a large and always updated production range of Off-Highway tires in the agricultural, industrial, earthmoving sector. BKT's innovative solutions designed for the most differing user needs include more than 2,700 products sold in over 160 countries worldwide.
We support end-users in their business but also in their passions staying close to them when they are having fun, especially with their family.
We are activating a global sponsorship platform supporting many sport events worldwide. BKT has been the Official and Exclusive Tire Manufacturer of Monster Jam. In 2018, we turned our focus to the football pitch when we became Title Sponsor of the second football division in Italy, "Serie BKT" and Title Sponsor of the French Football league in France, "BKT Coupe de la Ligue BKT". In addition, we started a partnership with the KFC Big Bash League (BBL). Last but not least, in 2019 BKT has become Official Global Partner of LaLiga, one of the most popular football championships – not only in Spain but worldwide. Since 2020, we are proudly supporting curling.
Le Gruyère AOP Switzerland
Le Gruyère AOP Switzerland is proud to be involved in curling, a sport which requires precision and respect of time-honoured tradition and rules. It is exactly what a Gruyère AOP cheese maker does each day of the year to bring a Gruyère AOP wheel to maturity. Apart from curling, Le Gruyère AOP Switzerland's collaboration with winter sport also includes the FIS Cross-Country World Cup. www.gruyere.com
LGT Bank
LGT is a leading international private banking and asset management group that has been fully controlled by the Liechtenstein Princely Family for over 90 years. LGT employs over 4500 people who work out of more than 20 locations in Europe, the Americas, Australia, Asia and the Middle East. The bank offers comprehensive investment solutions for private investors, with a particular focus on entrepreneurial and family wealth, drawing on its long-standing experience in managing the assets of the Princely Family. Alongside traditional investment services, LGT's offering also includes additional services such as wealth planning, real estate financing, impact investing and philanthropy advisory. LGT's investment solutions are based on systematic investment processes, modern portfolio theory and profound financial and data analysis. Reflecting the long-term and holistic approach of the Princely House, LGT places a strong focus on sustainable investments with a view to creating value – today and for future generations.www.lgt.com/en/
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MOUNT10 AG is the leading Swiss online backup provider. The modular service offering identifies all changes of your computer data in an efficient, automated and highly encrypted process. The data is then transferred via the internet on a daily basis into the SWISS FORT KNOX – a unique underground data-centre inside the Swiss Alps. MOUNT10 is the ideal backup solution for individuals and companies – from SME's up to large international enterprises. An integral part of the offering is the constant verification of an uninterrupted, daily backup process. www.mount10.ch
Rock Solid Inc.
Rock Solid Productions Inc. is a Canadian company, founded in 2008, that specializes in "iceless" curling products that let the world experience the sport of curling without the need for ice. Rock Solid Productions Inc. is passionate about developing the sport in non-traditional curling countries and introducing the sport to the world.
As the Official Development Partner of the World Curling Federation, Rock Solid Productions enables member nations to grow the sport with their Street Curling and FloorCurl products. Along with the ability to use Development Assistance Programme (DAP) funding towards the products, member nations also receive significantly reduced prices.
Popular with participants of all ages and abilities, Street Curling and FloorCurl are used around the world to create engaging curling activations at Super Bowls, bars, festivals, special events, and public spaces. www.rocksolidproductions.com
For more than 100 years, we at V-ZUG have made it our mission to make everyday life easier through our high-quality, innovative household appliances. Whether they are cooking, washing dishes or doing laundry, people who expect their appliances to deliver more than just the basics need look no further than V-ZUG. As the Swiss market leader, we live by Swiss values – and make it possible for people all over the world to experience these with simple, individual solutions that provide lifelong inspiration and delight. This is what we mean by "Swiss perfection for your home". www.vzug.com
Blue2 Digital
Blue2 Digital is an award-winning digital agency that combines visionary thinking with reliable technical delivery. Headquartered in Broughty Ferry, Dundee our services include website design & development, digital marketing, and App & software development. Our team is passionate about all things digital and we strive to develop innovative solutions to improve the way our clients do business.
The World Curling Federation works with All Star Partner and Infront Sports & Media to deliver its communications strategy in China.
All Star Partner
All Star Partner is a Beijing-based digital branding and integrated sports marketing agency. ASP's mission is to help international elite sports properties expand digital presence and drive business growth in China, with the World Curling Federation being an excellent example. ASP is driven by industry leaders, business strategists and creative thinkers who value the diversity of perspectives, efficiency in communication and providing of excellent client service.
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Jet Ice is a Canadian company established in 1979, offering a complete range of products and services for the ice making industry such as ice paints, application packages and custom logo stencils. Jet Ice has worked with a number of winter Olympic sports federations. www.jetice.com
CURLIT
Official results and statistics service provider of the World Curling Federation. www.curlit.com
CURLIT is a Swiss company founded in 1999, specialised in providing curling results and statistics at international events as well as consulting in combination of sport and IT. www.curlit.com
The Pin People
Official Pin supplier of the World Curling Federation. www.thepinpeople.ca


This is book two in the Lord of the Rings trilogy. It contains parts three and four. After the first book, you would be wondering what happened to Frodo and Sam so Tolkien makes you wait, only revealing what happens to them in part four.
In part three you see a lot of poor Merry and Pippin and their adventures and you also see how things are going with Strider (or Aragorn), Legolas and Gimli. Part three brings back old characters and gives us an insight in great detail of the battles that follow their arrival.
I love this book even more than the first as there is a lot more action in it. It shows how each and every character must be brave at some point. The book has loads of descriptive and interesting language but the writing is small and I would recommend it to ten to twelve years and up.
What if your mother and father were dead? What if you were raised by your mother's friends until the mayor's wrath made you flee the town?
This is what faces Todd Hewitt, the youngest person in Prentisstown when he finds something he shouldn't have. Prentisstown is one of the many settlements in the New World. People moved there when Earth became overcrowded and started to destroy itself. The strange thing about this world is the noise. It's not the hustle and bustle of an ordinary world like ours. You can hear everyone else's thoughts. Well, that is until Todd finds someone with no noise. Which is impossible.
This story tells us of Todd's adventures with this mysterious person when the whole of Prentisstown is pursuing them across the New World. I'd give this book 12 out of 10 if that was possible. I would recommend it to anyone who loves a bit of adventure, mixed with some scary and more than a touch of laughter. I think one of the best things about this book is that it`s part of a trilogy so there`s three times the laughter.


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The theory describes a quantum phenomenon in nanomaterials
PICTURE: The quantum dot (yellow part) is connected to two lead electrodes (blue parts). Electrons tunneling into a quantum dot with electrodes interact to create … a view more
Credit: Rui Sakano
Theoretical physicists Yoshimichi Teratani and Akira Oguri of Osaka City University and Rui Sakano of Tokyo University have developed mathematical formulas that describe a physical phenomenon that occurs in quantum dots and other deposited materials. Formulas published in a journal Letters of physical examination, could be applied to further theoretical research on the physics of quantum dots, ultracold atomic gases and quarks.
It's a "condo effect." This effect was first described in 1964 by Japanese theoretical physicist Yun Kondo in some magnetic materials, but it seems to be happening now in many other systems, including quantum dots and other nanoscale materials.
Typically, the electrical resistance in metals decreases as the temperature drops. But in metals containing magnetic impurities, this only happens up to the critical temperature, over which the resistance increases with decreasing temperature.
Scientists have finally been able to show that at very low temperatures close to absolute zero, electronic spins become entangled with magnetic impurities, forming a cloud that shows their magnetism. The shape of the clouds changes with further drops in temperature, leading to an increase in resistance. The same effect occurs when other external "perturbations" are applied to the metal, such as voltage or a magnetic field.
Teratani, Sakano and Oguri wanted to develop mathematical formulas to describe the evolution of this cloud in quantum dots and other nanoscale materials, which is not an easy task.
To describe such a complex quantum system, they started with an absolute zero system where a well-established theoretical model, namely Fermi's fluid theory, is applicable to electron interaction. They then added a 'correction' describing another aspect of the system against external disturbances. Using this technique, they wrote formulas that describe electric current and its oscillation through quantum dots.
Their formulas indicate that electrons interact within these systems in two different ways that contribute to the condo effect. First, the two electrons collide with each other, creating well-defined quasiparticles that propagate within condo clouds. More importantly, there is an interaction called the contribution of the three bodies. This is when two electrons combine in the presence of a third electron, causing an energy shift of the quasiparticles.
"Predictions of formulas could soon be investigated experimentally," says Oguri. "Studies similar to this research have just begun," he adds.
The formulas could also be extended to understand other quantum phenomena, such as the motion of quantum particles through quantum dots associated with superconductors. Quantum dots can be the key to the realization of quantum information technologies, such as quantum computers and quantum communication.
We are Osaka City University – the oldest research university in Osaka. With 9 undergraduate faculties and 11 postgraduate schools dedicated to improving urban life, energy cleaner and healthier and happier people, we have won numerous awards and produced 2 Nobel laureates. For more information visit our website https: //www.osaka-cu.ac.jp /en
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Tags Atomic / molecular / particle physics, Chemistry / Physics / Materials Sciences, describes, Industrial Engineering / Chemistry, Materials, Molecular physics, nanomaterials, Nanotechnology / Micromachines, Particle physics, phenomenon, quantum, Superconductors / semiconductors, theory


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My daughter Kristen was diagnosed with epilepsy when she was nearly 15 years old. For ten years her epilepsy had been fairly well controlled with medication, having one or two seizures a year on average. That changed when she became pregnant. When her seizures became more frequent she was told that this was nothing to be alarmed about as this often happens during pregnancy.
Not only did her seizures become more frequent but they also occurred during sleep rather than during the day, which was the norm. This gave me a sense of security – at least she couldn't hurt herself, or the baby, while having a seizure in bed. I couldn't have been more wrong.
On the morning of July 2, 1999, Kristen got up to see her partner, Neil, off to work. Having worked until 10pm the night before she told Neil she was going back to bed. Neil was the last person to see her alive. When he returned from work that evening he found her dead in bed.
The news of her death was devastating. With no obvious signs of cause of death, her death was treated with suspicion. The next time I saw my daughter was on a mortuary slab. With her hair bound in a white sheet, Kristen was covered with a purple velvet cloth with gold fringes. The first thing I saw when I entered the room was her heavily pregnant belly; Kristen was 8 months pregnant. I could not touch her because of the circumstances of her sudden death. All I could see of her was her tiny blackened face, which I kissed when leaving. I withdrew quickly as she was as cold as marble. The memory of this day will stay with me forever. I sincerely hope no mother has to witness such a sight.
Six weeks later we learned that Kristen had died from epilepsy. How could she possibly just die? I did not know that having epilepsy could be fatal. Nobody warned me of the risks of SUDEP and now my daughter and grandson are lost forever.
Kristen's Father
Global Conversation 2005
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Sudden Unexpected Death in Epilepsy
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The Lodge Bistro is an intimate restaurant serving elegant American cuisine with a French twist along with an impressive selection of wines. Sandwiches, salads, specialty burgers and a great selection of appetizers accompany the extensive beer, wine and liquor menu in The Lounge. Patio dining is available in the summer.


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genome-wide asso...(2)
LONG-TERM(1)
RADIATION-EXPOSU...(1)
HEALTH CONSEQUEN...(1)
anatomy referenc...(1)
Macrosomia (1)
pedicle screw pl... (1)
Metaanalysis (1)
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COPY NUMBER VARI... (1)
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1. A survey of HIV infection and related high-risk factors among men who have sex with men in Suzhou, Jiangsu, China PubMed SCOPUS 认领
作者:Bai H.; Huan X.; Tang W.; Chen X.; Yan H.; Liu X.; Yang H.; Peng Z.; Zhao X.; Yu R.; Yu H.; Chen F.
作者机构:[Bai, H] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China;[ Huan, X] 更多[Bai, H] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China;[ Huan, X] Center for Disease Control and Prevention of Jiangsu Province, Nanjing, Jiangsu 210009, China;[ Tang, W] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China;[ Chen, X] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China;[ Yan, H] Center for Disease Control and Prevention of Jiangsu Province, Nanjing, Jiangsu 210009, China;[ Liu, X] Center for Disease Control and Prevention of Jiangsu Province, Nanjing, Jiangsu 210009, China;[ Yang, H] Center for Disease Control and Prevention of Jiangsu Province, Nanjing, Jiangsu 210009, China;[ Peng, Z] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China;[ Zhao, X] Suzhou Center for Disease Prevention and Control, Suzhou, Jiangsu 215004, China;[ Yu, R] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China;[ Yu, H] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China;[ Chen, F] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China 收起
关键词:Behavior; HIV infection; Knowledge; Men who have sex with men; Risk factor
来源:Journal of Biomedical Research,2011,Vol.25,Issue.1
2. Risk factors and long-term health consequences of macrosomia: A prospective study in Jiangsu Province, China PubMed SCOPUS 认领
作者:Gu S.; An X.; Fang L.; Zhang X.; Zhang C.; Wang J.; Liu Q.; Zhang Y.; Wei Y.; Hu Z.; Chen F.; Shen H.
作者机构:[Gu, S] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China;[ An, X] Dep 更多[Gu, S] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China;[ An, X] Department of Endocrinology, Jiangsu Province Hospital of Chinese Medicine, Nanjing, Jiangsu 210029, China;[ Fang, L] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China;[ Zhang, X] Department of Science and Technology, Jiangsu Population and Family Planning Committee, Nanjing, Jiangsu 210008, China;[ Zhang, C] Department of Science and Technology, Jiangsu Population and Family Planning Committee, Nanjing, Jiangsu 210008, China;[ Wang, J] Department of Science and Technology, Jiangsu Population and Family Planning Committee, Nanjing, Jiangsu 210008, China;[ Liu, Q] Genitalia Hygiene Research Center, Jiangsu Institute of Planned Parenthood Research, Nanjing, Jiangsu 210036, China;[ Zhang, Y] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China;[ Wei, Y] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China;[ Hu, Z] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China;[ Chen, F] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China;[ Shen, H] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu 210029, China 收起
关键词:Health consequences; Long-term; Macrosomia; Risk factors
3. Statistical analysis for genome-wide association study SCOPUS PubMed 认领
作者:Zeng P.; Zhao Y.; Qian C.; Zhang L.; Zhang R.; Gou J.; Liu J.; Liu L.; Chen F.
作者机构:[Zeng, P] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China, Departme 更多[Zeng, P] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China, Department of Epidemiology and Biostatistics, School of Public Health, Xuzhou Medical College, Xuzhou, Jiangsu, 221004, China;[ Zhao, Y] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Qian, C] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Zhang, L] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Zhang, R] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Gou, J] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Liu, J] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Liu, L] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Chen, F] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China 收起
关键词:Copy number variation; Genetic model; Genome-wide association study; Meta-analysis; Missing heritability; Multiple comparison; Population structure; Quality control; Statistical model
4. Comparison of dimension reduction-based logistic regression models for case-control genome-wide association study: Principal components analysis vs. partial least squares SCOPUS PubMed 认领
作者:Yi H.; Wo H.; Zhao Y.; Zhang R.; Dai J.; Jin G.; Ma H.; Wu T.; Hu Z.; Lin D.; Shen H.; Chen F.
作者机构:[Yi, H] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Wo, H] De 更多[Yi, H] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Wo, H] Department of Public Service Management, School of KangDa, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Zhao, Y] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Zhang, R] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Dai, J] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Jin, G] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China, Section of Clinical Epidemiology, Jiangsu Key Laboratory of Cancer Biomarkers, Prevention and Treatment, Cancer Center, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Ma, H] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China, Section of Clinical Epidemiology, Jiangsu Key Laboratory of Cancer Biomarkers, Prevention and Treatment, Cancer Center, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Wu, T] Institute of Occupational Medicine and Ministry of Education, Key Lab. for Environment and Health, School of Public Health, Tongji Medical College, Huazhong University of Science and Technology, Wuhan, 430030, China;[ Hu, Z] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China, Section of Clinical Epidemiology, Jiangsu Key Laboratory of Cancer Biomarkers, Prevention and Treatment, Cancer Center, Nanjing Medical University, Nanjing, Jiangsu, 211166, China, State Key Laboratory of Reproductive Medicine, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Lin, D] State Key Laboratory of Molecular Oncology and Department of Etiology and Carcinogenesis, Cancer Institute and Hospital, Chinese Academy of Medical Sciences and Peking Union Medical College, Beijing, 100021, China;[ Shen, H] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China, Section of Clinical Epidemiology, Jiangsu Key Laboratory of Cancer Biomarkers, Prevention and Treatment, Cancer Center, Nanjing Medical University, Nanjing, Jiangsu, 211166, China, State Key Laboratory of Reproductive Medicine, Nanjing Medical University, Nanjing, Jiangsu, 211166, China;[ Chen, F] Department of Epidemiology and Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, 211166, China 收起
关键词:Genome-wide association study; Partial least squares-based logistic regression; Power; Principal components analysis; Type I error
Scopus被引频次:2
5. A new free-hand pedicle screw placement technique with reference to the supraspinal ligament SCOPUS PubMed 疑似
作者:Li J.@@@ Zhao H.@@@ Xie H.@@@ Yua L.@@@ Wei J.@@@ Zong M.@@@ Chenc F.@@@ Zhua Z.@@@ Zhang N.@@@ Cao X.
作者机构:[Li, J] Department of Orthopaedics, The First Affiliated Hospital of Nanjing Medical University, Nanjing, Jiangsu, 210029, China;[ Zhao, H] Department 更多[Li, J] Department of Orthopaedics, The First Affiliated Hospital of Nanjing Medical University, Nanjing, Jiangsu, 210029, China;[ Zhao, H] Department of Orthopaedics, The First Affiliated Hospital of Nanjing Medical University, Nanjing, Jiangsu, 210029, China;[ Xie, H] Department of Orthopaedics, The First Affiliated Hospital of Nanjing Medical University, Nanjing, Jiangsu, 210029, China;[ Yua, L] Department of Orthopaedics, The First Affiliated Hospital of Nanjing Medical University, Nanjing, Jiangsu, 210029, China;[ Wei, J] Department of Orthopaedics, The First Affiliated Hospital of Nanjing Medical University, Nanjing, Jiangsu, 210029, China;[ Zong, M] Department of Radiology, The First Affiliated Hospital of Nanjing Medical University, Nanjing, Jiangsu, 210029, China;[ Chenc, F] Department of Statistics, Nanjing Medical University, Nanjing, Jiangsu, 210029, China;[ Zhua, Z] Department of Orthopaedics, The First Affiliated Hospital of Nanjing Medical University, Nanjing, Jiangsu, 210029, China;[ Zhang, N] Department of Orthopaedics, The First Affiliated Hospital of Nanjing Medical University, Nanjing, Jiangsu, 210029, China;[ Cao, X] Department of Orthopaedics, The First Affiliated Hospital of Nanjing Medical University, Nanjing, Jiangsu, 210029, China 收起
关键词:Anatomy reference; Pedicle screw placement; Radiation exposure; Spine fracture; Supraspinal ligament
6. Weighted Markov chains for forecasting and analysis in Incidence of infectious diseases in jiangsu Province, China SCOPUS PubMed 认领
作者:Peng Z.; Bao C.; Zhao Y.; Yi H.; Xia L.; Yu H.; Shen H.; Chen F.
作者机构:[Peng, Z] Department of Epidemiology and Biostatistics, Nanjing Medical University School of Public Health, Nanjing 210029, JP, China;[ Bao, C] Center 更多[Peng, Z] Department of Epidemiology and Biostatistics, Nanjing Medical University School of Public Health, Nanjing 210029, JP, China;[ Bao, C] Center for Disease Control and Prevention of Jiangsu Province, Nanjing 210029, JP, China;[ Zhao, Y] Department of Epidemiology and Biostatistics, Nanjing Medical University School of Public Health, Nanjing 210029, JP, China;[ Yi, H] Department of Epidemiology and Biostatistics, Nanjing Medical University School of Public Health, Nanjing 210029, JP, China;[ Xia, L] Applied Mathematics Department, Hohai University, Nanjing 210029 JP, China;[ Yu, H] Department of Epidemiology and Biostatistics, Nanjing Medical University School of Public Health, Nanjing 210029, JP, China;[ Shen, H] Department of Epidemiology and Biostatistics, Nanjing Medical University School of Public Health, Nanjing 210029, JP, China;[ Chen, F] Department of Epidemiology and Biostatistics, Nanjing Medical University School of Public Health, Nanjing 210029, JP, China 收起
关键词:Forecasting and analysis; Infectious diseases; Markov chain Monte Carlo; Sequential cluster; Weighted Markov chains
7. Sample size re-estimation without un-blinding for time-to-event outcomes in oncology clinical trials PubMed SCOPUS 认领
作者:Huang L.; Bai J.; Yu H.; Chen F.
作者机构:[Huang, L] Department of Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, China;[ Bai, J] Department of Biostatis 更多[Huang, L] Department of Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, China;[ Bai, J] Department of Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, China;[ Yu, H] Department of Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, China;[ Chen, F] Department of Biostatistics, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, China, Ministry of Education Key Laboratory for Modern Toxicology, School of Public Health, Nanjing Medical University, Nanjing, Jiangsu, China 收起
关键词:Clinical trial; Expectation-maximization algorithm; Oncology study; Sample size re-estimation


Protecting and buffering the ecosystems of a site, including soils, groundwater interactions, vegetation, and watercourses.
Considering overland flows within the site and the impacts of modifying these on sub-catchment hydrology.
Designing the construction footprint to protect existing soils and vegetation that contribute to stormwater management.
Minimising impervious areas through limiting building footprints and reinstating the building curtilage with permeable surfaces wherever practicable.
Avoid inappropriate building materials that contribute toxins, metals, etc. to stormwater runoff.
Using materials that leach contaminants such as zinc or copper may require expensive onsite treatment to remove it. Use inert materials instead.
Retain roof and balcony runoff for reuse in buildings and landscaped areas.
Consider the use of living roofs and walls. These can protect roofs, insulate buildings, and manage stormwater.
Considering living roofs and walls for stormwater filtering and transpiration.
Conveying stormwater runoff across vegetated flowpaths, swales, and filter strips to attenuate, detain, and filter it.
Infiltrate or treat stormwater runoff in bioretention devices or underground detention tanks.
Minimising the area of site disturbance and earthworks.
Incorporating appropriate vegetation into the landscaping.
Creating stable flowpaths to convey water at non erosive speeds.
Using sediment and erosion control measures such as silt fences, sediment ponds and mulching.
Actions required for maintenance of the system.
The relative benefits of at-source stormwater management compared with centralised stormwater features that contribute to ecology, recreation, or amenity values.
Aligning stormwater function with the appropriate level of public and private open space.
The most harmful contaminants in Auckland's stormwater are suspended solids, a range of heavy metals, organochlorines, polynuclear aromatic hydrocarbons and human pathogens.
Sand and gravel erode more easily than silt and clay, but silt and clay are difficult to trap with sediment control practices once they are in suspension.
Steep slopes contribute a disproportionately large level of sediment for the area disturbed.


This is kind of a cheap post, in that I have very little insight to offer, other than I read these to articles back to back and was struck by the idea that, as Legolas put it in the film version of the Lord of the Rings: "Something stirs in the East…a sleepless malice." From the New York Times: 3 Presidents and a Riddle Named Putin From The Imaginative Conservative: Stand, Men of the West! I especially liked the Eliot quote and the paragraph that follows it. Hope you enjoy it, too.
Rolling Stone Crude and Superficial? Who Knew?


In this podcast George & Rachel discuss the idea of 'truth' and the power it holds in our lives.
[1:13] What we are brought up to believe is true as children.
[5:33] Why parents stage 'truth' to a child.
[9:14] Being exhausted by keeping a secret.
[12:10] Is there such thing as truth?
We are never short of a scandal in the media. How much does this impact on our lives and how do we interpret these actions and do we accept them as 'normal'? Listen to George speak passionately about this subject with Rachel.
[4:15] Forgetting you are in a relationship with a person.
[8:15] The value of family, have we lost that?
[9:50] What is the movie '50 shades of grey' really all about?
[15:10] Why is this an imagination problem?
[18:30] Using the reason 'its just a fetish'.
[21:54] Insecurity is a double edged sword.
[24:28] How women are degraded in relationships.
[27:48] Undoing the bullsh*t to get to the truth of a relationship.


Investigation of the causation, development, and treatment of psychological disorders from major theoretical perspectives. Current psychiatric classification is used to examine such topics as schizophrenia, anxiety disorders, mood disorders, and other forms of psychosocial deviance. Satisfies the Social Science core requirement.


text:
import { App, step } from '../../src/app';
import h from 'snabbdom/h';

function sortableList(sItems) {

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}

export default sortableList;

redpajama_set_name: RedPajamaGithub