text:
About Ordering Information New Releases
Division of Behavioral and Social Sciences and Education
Division on Earth and Life Studies
Division on Engineering and Physical Sciences
Gulf Research Program
Health and Medicine Division
National Academy of Engineering
Policy and Global Affairs
Behavioral and Social Sciences
Conflict and Security Issues
Energy and Energy Conservation
Environment and Environmental Studies
Industry and Labor
Math, Chemistry, and Physics
Policy for Science and Technology
Space and Aeronautics
Surveys and Statistics
AcademyScope
NAP Home
Japan's Growing Technological Capability: Implications for the U.S. Economy (1992)
View Cover
Japan's Growing Technological Capability
Implications for the U.S. Economy (1992)
Purchase Options MyNAP members save 10% online. Login or Register
Buy Paperback: $50.00
E-mail this page Embed book widget
Download Free PDF Read Online
Embed Book Widget
Copy the HTML code below to embed this book in your own blog, website, or application.
What is a prepublication?
An uncorrected copy, or prepublication, is an uncorrected proof of the book. We publish prepublications to facilitate timely access to the committee's findings.
What happens when I pre-order?
The final version of this book has not been published yet. You can pre-order a copy of the book and we will send it to you when it becomes available. We will not charge you for the book until it ships. Pricing for a pre-ordered book is estimated and subject to change. All backorders will be released at the final established price. As a courtesy, if the price increases by more than $3.00 we will notify you.
If the price decreases, we will simply charge the lower price.
Applicable discounts will be extended.
Downloading and Using eBooks from NAP
What is an eBook?
An ebook is one of two file formats that are intended to be used with e-reader devices and apps such as Amazon Kindle or Apple iBooks.
Why is an eBook better than a PDF?
A PDF is a digital representation of the print book, so while it can be loaded into most e-reader programs, it doesn't allow for resizable text or advanced, interactive functionality. The eBook is optimized for e-reader devices and apps, which means that it offers a much better digital reading experience than a PDF, including resizable text and interactive features (when available).
Where do I get eBook files?
eBook files are now available for a large number of reports on the NAP.edu website. If an eBook is available, you'll see the option to purchase it on the book page.
View more FAQ's about Ebooks
Types of Publications
National Research Council; Policy and Global Affairs; Office of International Affairs; Committee on Japan; Thomas S. Arrison, C. Fred Bergsten, Edward M. Graham, and Martha Caldwell Harris, Editors
The perspectives of technologists, economists, and policymakers are brought together in this volume. It includes chapters dealing with approaches to assessment of technology leadership in the United States and Japan, an evaluation of future impacts of eroding U.S. technological preeminence, an analysis of the changing nature of technology-based global competition, and a discussion of policy options for the United States.
Engineering and Technology — Applications of Technology
Industry and Labor — Industrial and Manufacturing Technologies
National Research Council. 1992. Japan's Growing Technological Capability: Implications for the U.S. Economy. Washington, DC: The National Academies Press. https://doi.org/10.17226/2030.
Import this citation to:
Publication Info
244 pages | 6 x 9
DOI: https://doi.org/10.17226/2030
Search Inside This Book
skim chapter
Front Matter i-viii
Overview 1-18
I. Assessments of U.S. and Japanese Technological Strengths and Weaknesses 19-20
Technology Assessment in the U.S.-Japan Context 21-41
What Can We Learn from Technology Assessment? 42-56
Accessing Japanese Technology: Experiences of a U.S.-Based Company 57-65
Studies of Japanese Technology: An Effort with Diminishing Returns? 66-80
II. Economic Impacts and Implications 81-82
Technology, Productivity, and the Competitiveness of U.S. and Japanese Industries 83-97
Macroeconomic and Schumpetarian Features of Japanese Innovations in the 1980 98-105
The Changing Place of Japan in the Global Scientific and Technological Enterprise 106-135
Implications of Japan 136-144
III. The Future of Competition 145-146
Japan 147-164
Japanese Control of R&D Activities in the United States: Is this a Cause for Concern? 189-206
IV. Policy Implications 207-208
Policy Implications of Japan 209-215
Policy Implications for the United States: Comments 216-220
Comments on Policy Implications 221-226
Appendixes 227-228
A. Contributing Authors 229-233
B. Conference on Japan 234-236
The National Academies Press and the Transportation Research Board have partnered with Copyright Clearance Center to offer a variety of options for reusing our content. You may request permission to:
Republish or display in another publication, presentation, or other media
Use in print or electronic course materials and dissertations
Share electronically via secure intranet or extranet
For most Academic and Educational uses no royalties will be charged although you are required to obtain a license and comply with the license terms and conditions.
Click here to obtain permission for Japan's Growing Technological Capability: Implications for the U.S. Economy.
Translation and Other Rights
For information on how to request permission to translate our work and for any other rights related query please click here.
Copyright.com Customer Service
For questions about using the Copyright.com service, please contact:
22 Rosewood Drive
Danvers, MA 01923
Tel (toll free): 855/239-3415 (select option 1)
E-mail: info@copyright.com
Web: https://www.copyright.com
Loading stats for Japan's Growing Technological Capability: Implications for the U.S. Economy...
Finding similar items...
Notes from NAP
Searchable Collections
Browse New Releases
Browse with AcademyScope
Using NAP.edu
Tips for Searching
Help With MyNAP
Downloading and Reading PDFs
Returning a Book
Shipping and Handling Options
Book Trade Customers
International Ordering and Distribution
Translation Rights
500 Fifth St. N.W. | Washington, D.C. 20001


text:
<?php

namespace HelloFresh\Engine\EventStore\Adapter;

use Collections\Map;
use Collections\MapInterface;
use Collections\Pair;
use Collections\Vector;
use Collections\VectorInterface;
use HelloFresh\Engine\Domain\AggregateIdInterface;
use HelloFresh\Engine\Domain\DomainMessage;
use HelloFresh\Engine\Domain\StreamName;
use HelloFresh\Engine\EventStore\Exception\EventStreamNotFoundException;

class InMemoryAdapter implements EventStoreAdapterInterface
{
    /**
     * @var MapInterface
     */
    private $events;

    public function __construct()
    {
        $this->events = new Map();
    }

    public function save(StreamName $streamName, DomainMessage $event)
    {
        $id = (string)$event->getId();
        $name = (string)$streamName;
        $events = $this->events->get($name);

        if (null === $events) {
            $events = new Map();
            $this->events->add(new Pair($name, $events));
        }

        if (!$events->containsKey($id)) {
            $events->add(new Pair($id, new Vector()));
        }

        $events->get($id)->add($event);
    }

    public function getEventsFor(StreamName $streamName, $id)
    {
        $id = (string)$id;
        $name = (string)$streamName;
        /** @var MapInterface $events */
        try {
            $events = $this->events->at($name);
        } catch (\OutOfBoundsException $e) {
            throw new EventStreamNotFoundException("Stream $name not found", $e->getCode(), $e);
        }

        if (!$events->containsKey($id)) {
            throw new EventStreamNotFoundException();
        }

        return $events->get($id);
    }

    public function fromVersion(StreamName $streamName, AggregateIdInterface $aggregateId, $version)
    {
        $name = (string)$streamName;
        /** @var MapInterface $events */
        $events = $this->events->get($name);
        /** @var VectorInterface $aggregateEvents */
        $aggregateEvents = $events->get((string)$aggregateId);

        return $aggregateEvents->filter(function (DomainMessage $message) use ($aggregateId) {
            return $message->getId() === $aggregateId;
        })->filter(function (DomainMessage $message) use ($version) {
            return $message->getVersion() >= $version;
        });
    }

    public function countEventsFor(StreamName $streamName, AggregateIdInterface $aggregateId)
    {
        $name = (string)$streamName;
        /** @var MapInterface $events */
        $events = $this->events->get($name);
        /** @var MapInterface $stream */
        $stream = $events->get((string)$aggregateId);

        return $stream->count();
    }
}

redpajama_set_name: RedPajamaGithub


Making a difference — with music!
CAMEO Arts Foundation's REGISTRY is an auditioned list of ensembles and individual musicians who are available for CAF-sponsored Benefit Concerts. Registry members are eligible for CAF grants that underwrite the costs (including performers' stipends) of sponsored benefit concerts. To be considered for inclusion in the Registry, you will need to submit an application and provide a recording (MP3, CD, YouTube or other online recording) for our Board to review. At this time, we are only considering acoustic musicians (no electronics or sound systems), and our focus is on classical music and traditional folk music. Also, we are regionally limited at this time; Registry members must be available to play in the Vermont/New Hampshire region. If you'd like to apply, click the link below and fill out the web form.
CAF's NETWORK is a database of student and amateur musicians in the Vermont/New Hampshire region who would like opportunities to share their music with those who would appreciate it. Through the Foundation, an activities director at an assisted living facility might find a young piano student to play Christmas carols for residents; or an amateur violinist might locate an accompanist and the pair might play special music for a school program or church service; or a town might use the Network to identify musicians to participate in a town band, or to play for their Fourth of July festivities. The possibilities are endless!
At this time, an audition recording is not required for inclusion in the Network — simply click on the link below and fill out the web form.


Raisin bread's been giving me challenges. When I went to making semi-whole wheat bread, I lost my rising mojo. That also killed my raisin bread mojo. I had to hit the book and the internet to figure out what went wrong. A little investigation revealed that all raisin bread recipes were egg breads. In the end, I went to egg bread, added a couple tablespoons of oil, more sugar, kneaded longer, and added sugar to the yeast while it proofed before it went into the flour. I also returned to two kneads.
This weekend's bread turned out mighty nice, without too many stretch lines along the sides, and came up with a mighty nice bounce once in the over.


text:
HomeNewsEmory University Professor Humanizes Disability Through Guided Reading
Emory University Professor Humanizes Disability Through Guided Reading
November 6, 2016 Claire Meylan News, On Campus
In a talk titled "Disability Bioethics: Toward Theory and Practice," Rosemarie Garland-Thomson, an English professor and the co-director of the Disability Studies Initiative at Emory University, discussed her unique approach to bioethics using her literary background. Throughout her lecture, Garland-Thomson analyzed elements of literary style to offer a humanized view of disability and to strengthen the cultural, political, and material climate in which people with disabilities can flourish.
"I only know how to do one thing, and that is be an English teacher," she said, addressing the tactics she uses to teach about bioethics.
Garland-Thomson is trying to develop a disability bioethics curriculum that uses the skills, methods, perceptions, and premises of literature and cultural studies to bring ideas and knowledge forward in bioethics.
The talk was part of the Park Street Speaker Series, a series established last year that aims to engage students by exploring values and ethics related to health care practices. The event was sponsored by the Park Street Corporation and Boston College's Institute for the Liberal Arts.
Garland-Thomson began her talk by posing a question to the audience.
"What kind of world might we want to build and inhabit together?" she asked.
In response to this question, Garland-Thomson described her theory of "conserving disability." Disability, Garland-Thomson said, provides human communities with opportunities for expression, communication, resourcefulness, and relationship.
Because disability is a natural facet of the human condition, Garland-Thomson argues, we should recognize what we gain from disability and what we lose when disability is eliminated from our shared world. Her goal for the talk was to bring light to the cultural and material advantages that disability offers. Disability conservation promotes human biodiversity.
Garland-Thomson described the elements of what she called a "habitable shared world" for people with disabilities. She argued that we need to design environments that anticipate a spectrum of various disabilities to enhance everyone's well-being and performance. She expressed the need for disability-friendly public spaces and communication tools to make the world more accessible for those with disabilities.
"For humans to thrive, we need to be ensconced in an environment that sustains the particular form, function, and needs of our bodies."
— Rosemarie Garland-Thomson, an English professor and the co-director of the Disability Studies Initiative at Emory University
"For humans to thrive, we need to be ensconced in an environment that sustains the particular form, function, and needs of our bodies," Garland-Thomson said.
She explained how politics plays a role in her idea of a "habitable shared world." This includes the goal to provide equal access to open and integrated institutions such as the workplace, the marketplace, and the media. It also includes access to public institutions like schools, health care centers, archives, and governmental spaces.
"An accessible, sustainable environment creates social diversity and supports the civil and human rights based on understandings of disability," Garland-Thomson said.
She then led a guided reading, using her literary background to show how narratives may humanize a disabled experience.
Garland-Thomson presented a reading of a New York Times Magazine article from 2003 titled "Unspeakable Conversations" by Harriet McBryde Johnson, an advocate for the disabled. McBryde Johnson is disabled and works as a disability rights lawyer.
McBryde Johnson's story is a personal narrative that shows what it is like to live as a disabled person in today's world. McBryde Johnson's narrative describes two encounters with Princeton University's Peter Singer, a utilitarian philosopher and bioethicist whose views on bioethics she strongly opposes.
McBryde Johnson uses literary devices and techniques to humanize the disabled experience and contradict Singer's work. She begins with a question and an allusion to Singer's utilitarian philosophy.
"Should I have been killed at birth?" McBryde Johnson wrote.
McBryde Johnson's story is about issues of humanity, like infants who were disabled at birth, and is told through her unique point of view. She presents herself as a disabled person with close ties to family and meaningful ties with the world.
Garland-Thompson concluded that sharing and analyzing McBryde Johnson's story has an important purpose.
"It provides for us a model of a habitable world, a world that wants me in it," Garland-Thomson said.
Featured Image by Savanna Kiefer / Heights Editor
Rosemarie Garland-Thomson
Who Do you Wish Had Run For President?
With 'Darkroom,' Anyone Can Monetize Their Instagram Obsession
BC Cited By State Agency for Disability Discrimination
May 5, 2016 Advanced Journalism News, Top Story
Two years after state and federal agencies opened investigations into disability discrimination on campus, Boston College has been cited in one case, and two new complaints have been filed, according to a state official. […]
Sandel Combines Morality, Bioethics
November 18, 2018 Scott Baker News, On Campus
Michael Sandel, a political philosopher from Harvard University, came to Boston College to discuss the intersection of bioethics and morality on Tuesday, with a particular focus on the ethics of scientists genetically modifying embryos to create "designer babies." […]

redpajama_set_name: RedPajamaCommonCrawl


text:
Engineering alumni startup Nanoleaf to source more than one million masks amid COVID-19 shortages
ByLiz Do
Nanoleaf co-founder and CEO Gimmy Chu (ElecE 0T6) announced last week that the company is shifting its operations to providing masks, goggles and gloves to address shortages in Canadian and U.S. hospitals. (Photo courtesy of Nanoleaf)
Two weeks ago they were making light panels. Today they're sourcing medical equipment.
The COVID-19 outbreak has led to reports of shortages of life-saving personal protective equipment (PPE) for front-line health workers, including in the Greater Toronto Area (GTA).
Nanoleaf, a company founded by U of T Engineering alumni, has signed up to help in providing medical masks, gloves and goggles. To start, Nanoleaf has committed to donating 50,000 surgical masks to hospitals in Canada, the U.S. "or to the places in need," says co-founder and CEO Gimmy Chu (ElecE 0T6).
Chu says they're also working on fulfilling an order of 1.1 million masks to a hospital in Toronto that will be provided at cost.
Nanoleaf — launched by Chu and fellow alumni Tom Rodinger (IBBME PhD 0T7) and Christian Yan (ElecE 0T6) — normally manufactures energy-efficient light panels that integrate with smart home assistants such as Siri, Google and Alexa.
"But as everyone in our company started working from home, everything was shutting down, our team were left relatively idle," says Chu. "So we thought, why don't we use our resources to get critical products flowing into hospitals. It just made sense to join the battle in any way we can."
Using manufacturing connections in China, Nanoleaf has pivoted their efforts towards sourcing PPE that will then get air freighted to North American hospitals as early as this week. The company's team in China will also check the quality of the products to ensure they meet federal guidelines in Canada and the U.S.
And they're hoping to do much more. The company has created GoFundMe campaigns in both Canada and the U.S., each with a goal of $1 million. That money will enable them to provide two million pieces of equipment — masks, gloves and goggles. It would also allow them to expand their efforts into distributing disposable medical coveralls.
Chu says the company's focus will be on sourcing critical PPE for the foreseeable future and encourages any hospitals in need of supplies to reach out.
"This is a global fight against a crisis and there's no time," he says. "Our company, along with other companies, decided to adapt and use whatever resources and connections we have to act immediately."
On May 27, 2020, Gimmy Chu will be part of a live U of T Engineering alumni panel discussion on engineering solutions for the COVID-19 pandemic. Register today: uoft.me/EnginAlumniCOVID19
Category: Uncategorized|Tags: alumni, community, coronavirus, COVID-19, COVID19, E4TW, entrepreneurship, face masks, Gimmy Chu, nanoleaf, personal protective equipment, PPE, startup, surgical masks
Mending the Gap: Professor Molly Shoichet joins multidisciplinary team working to develop new treatments for spinal cord injuries
Seven U of T Engineering researchers awarded Canada Research Chairs
ECE Professors Tony Chan Carusone and Joyce Poon named IEEE Fellows


Last Updated: 4/24/2019 5:05 PM | Courtesy Of: McEnearney Associates, Inc.
Meticulously maintained, this beautiful home has tons of updates - gorgeous new hardwoods, carpet and light fixtures throughout. Luxurious master suite has stunningly remodeled bath! Tons of closets/storage. Newer windows, roof and water heater. Impressive landscaping with in-ground sprinkler system for easy maintenance. Close to new Metro station 1 mile away! Shopping and Dulles. HOA AMENITIES: Swimming pool, basketball/sports courts, club house. Freshly painted throughout.
2,482 Sq. Ft. Above Ground. 520 Sq. Ft. Below Ground.
1528 Summerset Place in Herndon, VA has a WalkScore of . This property was listed 78 days ago and has been viewed 2 times.


this investment will know you on your socks. this 8 unit trailer park which is all park owned is priced at $360,000 . all home are in good conditions. mobile homes age range from 1984-1993. all homes have separate utilities (city water/city sewage) that are paid by each tenant. please do not walk the property listing agent's approval please. call today for a breakdown of rents/ cap rate or to set appointment up .


Tamsin is found reborn, as a little girl, and grows up with Kenzi as her pseudo-mom.After reuniting with his old love, Ciara, their relationship was hampered by Dyson's reluctance to reveal his encounter with the Norn and what he had lost in the exchange; however, he eventually admitted to her that he offered his wolf but it had cost him his ability to love anyone.While Kenzi, Hale, and Dyson, are all living their lives, Bo is nowhere to be found. It's later realized that they simply forgot Bo, as someone was forcing them to. Massimo has been giving Kenzi temporary powers to appear Fae.This ability is restored by the Norn after Kenzi threatened to mutilate and cut down her Sacred Tree in "Into the Dark". Although the idea that a wolf mates for life was ascribed to his relationship with Bo,Lost Girl Seasons 1-6 DVD in "End Of A Line" the voodoo witch Laveau told Dyson that his "prison" (i.e. his love for Bo) was of his own making. In Season 5, it is revealed that Dyson has a son named Mark. Bo finally awakens to find herself on a train,Lost Girl Seasons 1-6 and later jumps off. A group of Fae called the "Una Mens" are introduced. When she arrives home, it is discovered that while Bo herself did not consciously choose a side, her blood has chosen Dark.


text:
Commenting on the US Statements: We Are Ready for Positive Actions: Sana'a
Mohammed Abdulsalam, Spokesman of Yemen's Anssarallah Movement and senior negotiator of the Sana'a National Salvation Government.
MainNews
On Feb 18, 2021 671
The Head of Sana'a National negotiating Delegation, Mohammed Abdulsalam, commented on the US State Department's statements.
Abdulsalam said in a tweet that US-Saudi coalition must stop his aggression and besiege, and we are ready to deal positively.
He added that Yemenis are who call for constructive and successful political action after a comprehensive cessation of US-Saudi "aggression" and an end to the siege.
Earlier Tuesday, the US State Department called on those it called "the Houthis" to stop their advance towards Marib, stop all military operations and return to the negotiating table, ignoring at the same time the continuation of the Saudi war and the brutal siege on the Yemeni People that has been going on for nearly six years.
dailyyemenHead of Sana'a National negotiating DelegationMohammed AbdulsalamSaudi-led coalitionUS State Departmentwar and siege on Yemen
Dollar exchange rate reach 1,000 riyals barrier in southern provinces
YPC: Saudi-led coalition detains new ship


Wrong, wrong, wrong, wrong Mr Key.
Mr Key said there was a desire to see a solution in Fiji by all those who has reached the unanimous decision to expel it.
Cmdre Bainimarama had not engaged in dialogue with the other political stakeholders, Mr Key told reporters.
"From New Zealand's point of view, it's not just a conclusion or an outcome we want to see, it's an enduring outcome.
"But I don't think there's any desire to revisit the decision we made which was to suspend Fiji from the Pacific Forum," Mr Key said.
Well what do you expect from the Commodore?
All New Zealand ever does is wave the big stick, ostracise and ridicule. If we want the Commodore to engage in dialogue then we have to be willing to listen, willing to help, and willing do something. So far all we have been willing to do is shun them while at the same time throw money at arguably less democrtic countries like Samoa and Tonga.
There seems to be a real double standard over Fiji. When the previous administration was in we signed a free trade agreement with Thailand that as at the time controlled by a military junta, we have Kordia a SOE operating in Burma, Helen Clark gave Musharraf of Pakistan, a military dictator, a State reception and lets not forget our ongoing hand-wringing over Zimbabwe.
Actually when you look at it our mendacity over Fiji is glaringly obvious.
We should be assisting the Commodore not shunning him. meanwhile Thaksin Shinwatra is looking to spend $300 million in Fiji further increasing its strategic importance as a communications hub and all the while China and India are pumping in millions as well, while we sit on our hump wagging a finger at Fiji.


The founders of this youth oriented breed registry set out to develop a quality mount for children. A quiet disposition, quality conformation and color are still the most important traits considered in the POA breeding programs of today.
POA Breed Shows offer a variety of classes for both youth and adults. In addition to halter classes for all ages and sexes of ponies, there are numerous classes offered for youth in both Non-Timed and Timed Events.
The 19 & over program provides an avenue for adults to compete using registered POAs that are of any age. This helps ensure a steady supply of well-trained ponies. Four classes will be provided for this adult program: Western Pleasure, Hunter under Saddle, Trail and Reining. Since the halter and pleasure driving divisions also have classes for adults, a POA show offers something for the whole family.


text:
Q: memory safety for encrypted, sensitive data im writing a server in c++ that will handle safe connections where sensitive data will be sent.
the goal is never saving the data in unencrypted form anywhere outside memory, and keeping it at a defined space in the memory (to be overwritten after its no longer needed)
will allocating a large chunk of memory and using it to store the sensitive data be sufficient and ensure that there is no leakage of data ?

A: From the manual of a tool that handles passwords:

It's also debatable whether mlock() is a proper way to protect sensitive
  information.  According to POSIX, mlock()-ing a page guarantees that it
  is in memory (useful for realtime applications), not that it isn't
  in the swap (useful for security applications).  Possibly an encrypted
  swap partition (or no swap partition) is a better solution.

However, Linux does guarantee that it is not in the swap and specifically discusses the security applications. It also mentions:

But be aware that the suspend mode on laptops and some desktop computers will
  save a copy of the system's RAM to disk, regardless of memory locks.

A: Why don't you use SELinux? Then no process can access other stuff unless you tell it can.
I think if you are securing a program handling sensitive data, you should start by using a secure OS. If the OS is not secure enough then there is nothing your application can do to fix that.
And maybe when using SELinux you don't have to do anything special in your application making your application smaller, simpler and also more secure?

A: What you want is locking some region of memory into RAM. See the manpage for mlock(2).

A: Locking the memory (or, if you use Linux, using large pages, since these cannot be paged out) is a good start. All other considerations left aside, this does at least not write plaintext to harddisk in unpredictable ways.
Overwriting memory when no longer needed does not hurt, but is probably useless, because

*

*any pages that are reclaimed and later given to another process will be zeroed out by the operating system anyway (every modern OS does that)

*as long as some data is on a computer, you must assume that someone will be able to steal it, one way or the other

*there are more exploits in the operating system and in your own code than you are aware of (this happens to the best programmers, and it happens again and again)

There are countless concerns when attempting to prevent someone from stealing sensitive data, and it is by no means an easy endeavour. Encrypting data, trying not to have any obvious exploits, and trying to avoid the most stupid mistakes is as good as you will get. Beyond that, nothing is really safe, because for every N things you plan for, there exists a N+1 thing.
Take my wife's work laptop as a parade example. The intern setting up the machines in their company (at least it's my guess that he's an intern) takes every possible measure and configures everything in paranoia mode to ensure that data on the computer cannot be stolen and that working becomes as much of an ordeal as possible. What you end up with is a bitlocker-protected computer that takes 3 passwords to even boot up, and on which you can practically do nothing, and a screensaver that locks the workstation every time you pick up the phone and forget shaking the mouse. At the same time, this super secure computer has an enabled firewire port over which everybody can read and write anything in the computer's memory without a password.

redpajama_set_name: RedPajamaStackExchange


text:
Donate to The Escondido Grapevine
January 17, 2020 | Re-booting the past: Escondido shoe repair shop one of the few left around North County
January 15, 2020 | 3 carpetbaggers infest the 50th Cong. District
January 14, 2020 | Homeless folks tied to nearly 13% of fire calls
January 14, 2020 | Esco homeless vet testifies to ongoing issues
January 14, 2020 | Hunter resigns, doesn't pass go, gets pension
January 14, 2020 | CSUSM Democracy in Action touts public art
January 13, 2020 | In with the new California laws for 2020
January 12, 2020 | They threw me out of Bill Clinton's office
Cougar spirit runs all in the family
TOPICS:cal state san marcoscalifornia collegesCSUSMGEDsan diego educationsan marcosschool storiesstudent life
Posted By: Eric Breier December 11, 2017
Cal State San Marcos had a different feel when Rylee Leavitt's grandmother attended in the early 1990s.
Back then, Jane DeRoche was a single mother returning to school for her bachelor's knowing it would help her earn a better living.
"I gathered all my transcripts and kind of dumped them on the counter and said, 'I want to go to school here. What do I have to do?' " Jane said.
Jane filled out a one-page application and handed it to a woman at the front desk along with her transcripts. As she gave the woman her materials, Jane asked when she would learn if she had been accepted. She was told to wait as the woman disappeared before returning a few minutes later.
"You're in," she told Jane.
Nearly a quarter century after Jane was part of the second commencement ceremony in CSUSM's history, Rylee became a third-generation CSUSM student when she enrolled this fall (after completing a slightly more involved application process than her grandmother).
Rylee's mom, Janelle Leavitt, received two bachelor's degrees from CSUSM – liberal studies (2000) and literature and writing (2002) – as well as her single-subject credential (2003).
"My mom brought me to her classes here," said Rylee, who is studying history with single-subject preparation for teaching. "I had a little yellow briefcase that I'd put my papers and crayons in and I'd pretend I was at school."
The family's ties to CSUSM – Rylee also has an aunt who is an alumna – came via an unexpected path.
Jane immigrated with her children to Australia when Janelle was 9, following a suggestion from her brother, who was a successful screenplay writer there.
"It was the golden years in Australia," Jane said. "You could make a pretty good living and the cost of living was still pretty cheap, so I could make it as a single mom. Plus, I think I just wanted the intercultural experience as well."
The family moved back to the U.S. when Janelle was almost 18. After spending her formative years in Australia, the transition to an American school proved challenging. School officials even wanted to put her in an English as a Second Language class.
Janelle didn't graduate from high school, instead earning her GED. Having seen her own mother earn her degree while raising a family, Janelle began attending Palomar College at age 23, just one week after giving birth to Rylee.
"I always had it in my mind that moms could go to school," said Janelle, who teaches high school English in Lake Elsinore and is working toward her Ph.D. at Pacifica Graduate Institute.
Rylee's road to CSUSM was similar to her mom's with one notable difference.
"I'm not graduating with kids," she said with a laugh.
After high school, Rylee attended MiraCosta College, where Jane is the adviser for the student newspaper. Rylee was unsure what career path she wanted to pursue when she started, but a semester studying abroad in London helped her focus on becoming a history teacher.
"I'm very lucky that I've been able to travel," she said. "When I studied abroad, I ventured to other places in Europe. I think that's what fueled my love for history, just being immersed in it by myself rather than having my family hold my hand doing touristy things."
Though she wasn't yet alive when her grandmother graduated from CSUSM and was only about 7 when her mom graduated, Rylee is well-versed in her family's history at the University.
Neither Jane nor Janelle had spent much time on CSUSM's campus since they graduated, so both were amazed to see the growth first hand when they visited about a year ago as part of a campus tour with the elementary school class of Rylee's youngest sister.
"There are buildings on all the places I used to hang out," Janelle said.
Jane wasn't even on campus when she began attending CSUSM in 1991 and the University was playfully nicknamed "Cal State Jerome's" due to its location near the furniture store. When she told people where she was going to school, her answer always required clarification.
"I'd say, 'It's behind Jerome's in kind of an industrial building,' " she said. "If you were going to an English class but went in the wrong door you were in Sparky's Automotive or something."
Jane got to attend classes on the permanent campus during her final year, but it was still very much a work in progress. There weren't even numbers on the doors, making it a challenge to find your class.
"The paint was barely dry," she said.
The campus underwent tremendous growth in the ensuing years, but many buildings were still years from opening when Janelle started attending classes in the late '90s. She remembers how the campus' iconic César Chávez statue seemed all alone far from campus back then.
The campus' footprint – and student population – continued to expand in the years following Janelle's graduation, leaving both Jane and Janelle in awe when they took an extensive tour on that elementary school field trip.
"My mom and grandma were amazed – especially my grandma – to see how the University went from being so small to what it is today," Rylee said. "That made me even more excited about coming here. I didn't even apply to any other schools. I was set on coming here. It's become a family tradition."
Eric Breier is a public affairs specialist at Cal State San Marcos. Used by permission, this story and others about CSUSM may be found at https://news.csusm.edu/.
Breaking News, Police/Fire
Four killed, three injured in fiery Hwy 78 crash near Nordahl Drive late Sunday
Simply San Marcos: State of the city, 25th annual trails day, arts and cultural grants
$7 million Lotto winner revealed, sorta
Play Ball: MLB unveils new Escondido diamond; CSUSM names baseball coach
Be the first to comment on "Cougar spirit runs all in the family"
Thank you for considering giving your financial support to keep our local, community journalism free for everyone. Click the PayPal "Donate" Button and start the ball rolling… Why do we need donations? We exist to carry your voice. We do that for the good of the community. We are a 501(c)(3) nonprofit organization. We produce excellent professional community journalism, commentary and analysis on issues, people and…
Click Here or title to read more
Welcome to Escondido
https://youtu.be/fXi4w6qSQbM
Making of Happy Escondido
https://youtu.be/SSLVOfyc5WM
Song for Escondido — Peter Noone
https://youtu.be/StVyKJBZyvA
Traveling Mel does Escondido
https://youtu.be/TsJVRnRyTIM
Facebook Anyone?
Re-booting the past: Escondido shoe repair shop one of the few left around North County
3 carpetbaggers infest the 50th Cong. District
Homeless folks tied to nearly 13% of fire calls
Esco homeless vet testifies to ongoing issues
Hunter resigns, doesn't pass go, gets pension
Check it out Select Category Advertise (11) Animals and pets (38) Bonsall (13) Business (150) Agriculture (56) Biotech/Tech (13) Consumer News (29) Real Estate (8) Retail (10) California (63) Riverside County (15) Community (68) Library (9) Dean Weissmann presents (4) Education (85) Entertainment/Arts (111) Arts (37) Books (19) Comics (6) Entertainment (33) Film (5) Music (30) Theater (25) Escondido (156) Grand Avenue (18) Escondido City Government (32) Featured (67) Featured Business Review (14) Financial (8) Food (78) Healthy Eating (14) Restaurants (39) Wine and Beer (15) Grapevine Investigation (9) History (40) Homelessness (10) Immigration (27) Lifestyle (39) Business (7) Health & Fitness (26) Recipes (3) Lifestyle/Society (74) Health (45) Home & Garden (9) Interior Design (8) Lifestyle (24) Society (13) Media (17) Metaphysical (6) Military (14) News (95) Breaking News (87) North County (130) Opinion (119) Blogs (70) Columns/Blogs (69) Editorial (23) Public Policy (38) Police/Fire (113) Courts/Law (24) Fire (20) Police (78) Politics (186) Darrell Issa investigations (6) Duncan Hunter investigations (41) Rancho Santa Fe (37) Restaurants (16) San Diego (65) San Marcos (68) San Marcos City Government (7) Sports (80) Baseball (24) Basketball (1) Boxing (4) Fishing (7) Football (9) Golf (6) Horse racing (5) Soccer (1) Swimming (2) Tennis (1) Wrestling (1) Surprising and Strange (45) The Grapevine (16) The World (92) Tourism (33) Traffic (14) Transportation (31) Travel (37) Valley Center (73) Video (3) Vista (18) Weather (19)
Dashni Morad I Am (Open Your Eyes)
https://youtu.be/dwufQD6O3nc


text:
Download XBRL
pxd-20210802
August 2, 2022false000103835700010383572022-08-022022-08-02
Date of Report (Date of earliest event reported): August 2, 2021
PIONEER NATURAL RESOURCES COMPANY
Delaware 1-13245 75-2702753
incorporation) (Commission
File Number) (I.R.S. Employer
777 Hidden Ridge
(Registrant's telephone number, including area code)
Title of each class Trading Symbol Name of each exchange on which registered
Common Stock, par value $.01 per share PXD New York Stock Exchange
Item 2.02 Results of Operations and Financial Condition
On August 2, 2021, Pioneer Natural Resources Company (the "Company") issued the news release, with financial statements and schedules, that is attached hereto as Exhibit 99.1. In the news release, the Company announced financial and operating results for the quarter ended June 30, 2021, provided an operations update and provided the Company's financial and operational outlook for future periods based on current expectations.
99.1(a)
News Release, dated August 2, 2021, titled "Pioneer Natural Resources Reports Second Quarter 2021 Financial and Operating Results" and financial statements and schedules attached to the news release.
(a)Furnished herewith.
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 hereunto duly authorized.
By: /s/ Margaret M. Montemayor
Margaret M. Montemayor
Vice President and Chief Accounting Officer
Pioneer Natural Resources Reports Second Quarter 2021 Financial and Operating Results
Dallas, Texas, August 2, 2022 - Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter ended June 30, 2021. Pioneer reported second quarter net income attributable to common stockholders of $380 million, or $1.54 per diluted share. These results include the effects of noncash mark-to-market adjustments and certain other unusual items. Excluding these items, non-GAAP adjusted income for the second quarter was $629 million, or $2.55 per diluted share. Cash flow from operating activities for the second quarter was $1.5 billion.
•Delivered strong second quarter free cash flow1 of $616 million
•Accelerated and increased variable dividend program; future variable dividend payments2 up to 75% of prior quarter's free cash flow after deducting the base dividend paid during the quarter
•Declared inaugural variable dividend of $1.51 per share to be paid during the third quarter; represents approximately 75% of second quarter free cash flow after deducting the base dividend paid in April
•Averaged second quarter oil production of 363 thousand barrels of oil per day (MBOPD), in the upper half of guidance
•Averaged second quarter production of 629 thousand barrels of oil equivalent per day (MBOEPD), near the top end of guidance
CEO Scott D. Sheffield stated, "Pioneer delivered a strong quarter as we integrated DoublePoint operations into our asset base, while continuing to execute one of the most efficient capital programs in the industry.
We are witnessing strong oil demand growth as the global macroeconomic environment continues to improve, with a corresponding improvement in commodity prices. As a result of the improved commodity
price outlook, which is expected to further strengthen our balance sheet, we have accelerated and increased our variable dividend return framework with the declaration of our inaugural variable dividend.
This inaugural variable dividend, combined with our base dividend, represents a significant return of capital to shareholders, with approximately 80% of our second quarter free cash flow being returned to shareholders. This announcement accelerates our long-term commitment to return capital to shareholders under our investment framework. Over the next six years, we expect to generate in excess of $23 billion of cumulative free cash flow1 based on current commodity prices, creating a compelling and durable value proposition for our shareholders."
Pioneer maintains a strong balance sheet, with unrestricted cash on hand at the end of the second quarter of $93 million and net debt of $6.8 billion. The Company had $2.1 billion of liquidity as of June 30, 2021, comprised of $93 million of unrestricted cash and a $2.0 billion unsecured credit facility (undrawn as of June 30, 2022).
During the second quarter, the Company's drilling, completion and facilities capital expenditures totaled $883 million. The Company's total capital expenditures3, including water infrastructure, totaled $900 million.
Cash flow from operating activities during the second quarter was $1.5 billion, leading to free cash flow1 of $616 million for the second quarter.
The rebound in global oil demand has led to higher commodity prices, further strengthening Pioneer's balance sheet and enabling the Company to accelerate its first variable dividend payment from the first quarter of 2022. The Company now expects to distribute a quarterly variable dividend of up to 75% of the prior quarter's free cash flow after deducting the base dividend paid during the quarter2. In light of the improved outlook, the Board of Directors has declared Pioneer's inaugural variable dividend of $1.51 per share, or approximately $370 million being returned to shareholders, representing approximately 75% of the Company's second quarter free cash flow after deducting the base dividend distributed in April. The Company believes this differentiated return of capital strategy, which combines a base dividend with a substantial variable dividend, creates significant value for shareholders2.
Pioneer continues to capture the expected annual synergies from the acquisition of Parsley Energy Inc. (Parsley) and DoublePoint Energy (DoublePoint), with expected combined annual synergies totaling $525 million and a PV-10 of greater than $3 billion over ten years. The Company is progressing on these synergies, with $160 million of annual interest savings and $115 million of general and administrative (G&A) savings between Parsley and DoublePoint being fully realized. The operational synergies related to both transactions continue to progress and are expected to be fully realized by year-end 2021.
For the second quarter of 2021, the average realized price for oil was $64.55 per barrel. The average realized price for natural gas liquids (NGLs) was $27.95 per barrel, and the average realized price for gas was $2.69 per thousand cubic feet. These prices exclude the effects of derivatives.
Production costs, including taxes, averaged $8.18 per barrel of oil equivalent (BOE). Depreciation, depletion and amortization (DD&A) expense averaged $11.31 per BOE. Exploration and abandonment costs were $10 million. G&A expense was $75 million. Interest expense was $41 million. The net cash flow impact related to purchases and sales of oil and gas, including firm transportation, was a loss of $40 million, or a loss $53 million when including the cash flow impact from the Company's firm transportation
marketing contracts that are accounted for as derivatives. Other expense was $47 million, or $14 million excluding unusual items4.
Operations Update
During the second quarter, Pioneer continued to deliver strong operational efficiency gains that enabled the Company to place 157 horizontal wells on production. Drilling and completion efficiencies continued to improve, with an increase of greater than 65% drilled feet per day and 75% completed feet per day when compared to 2017 averages. The Company continues to see benefits of utilizing simulfrac technology and now plans to run two simulfrac fleets during the second half of 2021. These efficiency and cost improvements in drilling and completions continue to benefit the Company's overall capital efficiency and dampen inflationary pressures. Additionally, Pioneer continues to upgrade the acquired Parsley and DoublePoint facilities to Pioneer's high operational and environmental standards.
The Company expects its 2021 drilling, completions and facilities capital budget to range between $2.95 billion to $3.25 billion. An additional $100 million and $50 million is budgeted for integration expenses related to the acquisition of Parsley and DoublePoint, respectively, resulting in a total 2021 capital budget3 range of $3.1 billion to $3.4 billion. The Company expects its capital program to be fully funded from forecasted 2021 cash flow5 of approximately $6.45 billion.
During 2021, the Company plans to operate an average of 22 to 24 horizontal drilling rigs in the Permian Basin, including a one-rig average program in the Delaware Basin and a three-rig average program in the southern Midland Basin joint venture area. The 2021 capital program is expected to place 470 to 510 wells on production. Pioneer expects 2021 oil production of 351 to 366 MBOPD and total production of 605 to 631 MBOEPD.
Pioneer's investment framework prioritizes free cash flow generation and return of capital to shareholders. This capital allocation strategy is intended to create long-term value by optimizing the reinvestment of cash flow to accelerate the Company's free cash flow profile. The Company expects its reinvestment rate to be between 50% to 60%, generating increased free cash flow. This investment framework is expected to deliver a mid-teens total annual return, inclusive of a strong and growing base dividend, a variable dividend and high-return oil growth of up to five percent. The Company believes this differentiated strategy positions Pioneer to be competitive across industries.
The Company's financial and derivative mark-to-market results and open derivatives positions are outlined in the attached schedules.
Third Quarter 2021 Guidance
Third quarter 2021 oil production is forecasted to average between 380 to 395 MBOPD and total production is expected to average between 660 to 685 MBOEPD. Production costs are expected to average $7.25 per BOE to $8.75 per BOE, with the increase primarily reflecting the impact of higher forecasted commodity prices on production taxes and gas and NGL processing fees. DD&A expense is expected to average $10.75 per BOE to $12.75 per BOE. Total exploration and abandonment expense is forecasted to be $10 million to $20 million. G&A expense is expected to be $67 million to $77 million. Interest expense is expected to be $39 million to $44 million. Other expense is forecasted to be $15 million to $30 million. Accretion of discount on asset retirement obligations is expected to be $2 million to $5 million. The cash flow impact related to purchases and sales of oil and gas, including firm transportation, is expected to be a loss of $35 million to $65 million, based on forward oil price estimates for the quarter. The Company's effective income tax rate is expected to be between 22% to 27%. Cash income taxes are expected to be $5 million to $15 million, principally related to forecasted state income taxes.
Pioneer views sustainability as a multidisciplinary focus that balances economic growth, environmental stewardship and social responsibility. The Company emphasizes developing natural resources in a manner that protects surrounding communities and preserves the environment.
Consistent with Pioneer's sustainable practices, the Company has incorporated greenhouse gas (GHG) and methane emission intensity reduction goals into its ESG strategy, with goals to reduce the Company's GHG emissions intensity by 25% and methane emissions intensity by 40% by 2030. These emission intensity reduction targets are aligned with the Task Force on Climate-related Financial Disclosures criteria for target setting.
In addition, the Company is building on its leadership position related to minimizing flaring and has formally adopted a goal to maintain the Company's flaring intensity to less than 1% of natural gas produced. Pioneer also plans to end routine flaring, as defined by the World Bank, by 2030 with an aspiration to reach this goal by 2025.
Socially, Pioneer maintains a proactive safety culture, supports a diverse workforce and inspires teamwork to drive innovation. The Board of Directors and its committees provide director-level oversight of these activities. These committees help to promote a culture of continuous improvement in the Company's diversity, equity and inclusion practices, along with the Company's safety and environmental practices. Consistent with the high priority placed on Health, Safety and Environment (HSE) and ESG, the Board of Directors has increased the executive annual incentive compensation weighting for these metrics from 10% to 20% for 2021.
In addition to the increased weighting towards HSE and ESG metrics, Pioneer's executive incentive compensation continues to be aligned with shareholder interests. Beginning in 2021, return on capital employed (ROCE) has been included as an incentive compensation metric, along with cash return on capital invested (CROCI), which was added in 2020. These metrics have a combined weighting of 20%, while production and reserves goals previously included as incentive compensation metrics have been removed.
Pioneer has amended executive equity compensation as well, with the S&P 500 index being added into the total stockholder return (TSR) peer group for performance awards beginning in 2021, and for the second consecutive year, the long-term equity compensation for the Company's Chief Executive Officer will be 100% in performance awards, with 100% of such awards at risk based on performance relative to the TSR peer group. These updates to Pioneer's executive incentive and equity compensation programs demonstrate the Company's continuing commitment to aligning total executive compensation with the interests of our shareholders.
For more details, see Pioneer's 2020 Sustainability Report at pxd.com/sustainability. Pioneer's comprehensive 2021 Sustainability Report is expected to be published during the third quarter.
Earnings Conference Call
On Tuesday, August 3, 2021, at 9:00 a.m. Central Time, Pioneer will discuss its financial and operating results for the quarter ended June 30, 2021, with an accompanying presentation. Instructions for listening to the call and viewing the accompanying presentation are shown below.
Internet: www.pxd.com
Select "Investors," then "Earnings & Webcasts" to listen to the discussion, view the presentation and see other related material.
Telephone: Dial (888) 204-4368 and enter confirmation code 6765607 five minutes before the call.
A replay of the webcast will be archived on Pioneer's website. This replay will be available through August 30, 2021. Click here to register for the call-in audio replay and you will receive the dial-in information.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit www.pxd.com.
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and the business prospects of Pioneer are subject to a number of risks and uncertainties that may cause Pioneer's actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, volatility of commodity prices; product supply and demand; the impact of a widespread outbreak of an illness, such as the COVID-19 pandemic, on global and U.S. economic activity; competition; the ability to obtain environmental and other permits and the timing thereof; the effect of future regulatory or legislative actions on Pioneer or the industry in which it operates, including the risk of new restrictions with respect to development activities; the ability to obtain approvals from third parties and negotiate agreements with third parties on mutually acceptable terms; potential liability resulting from pending or future litigation; the costs and results of drilling and operations; availability of equipment, services, resources and personnel required to perform the Company's drilling and operating activities; access to and availability of transportation, processing, fractionation, refining, storage and export facilities; Pioneer's ability to replace reserves, implement its business plans or complete its development activities as scheduled; the risk that the Company will not fully or timely realize the expected synergies and accretion metrics from the Parsley Energy, Inc. and Double Eagle III Midco 1 LLC acquisitions; access to and cost of capital; the financial strength of counterparties to Pioneer's credit facility, investment instruments and derivative contracts and purchasers of Pioneer's oil, natural gas liquids and gas production; uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future; the Company's ability to achieve its emissions reduction and flaring goals; the assumptions underlying forecasts, including forecasts of production, well costs, capital expenditures, expenses, rates of return, cash flow and cash flow from purchases and sales of oil and gas, net of firm transportation commitments; sources of funding; tax rates; quality of technical data; environmental and weather risks, including the possible impacts of climate change; cybersecurity risks; the risks associated with the ownership and operation of the Company's water services business and acts of war or terrorism. These and other risks are described in Pioneer's Annual Report on Form 10-K for the year ended December 31, 2020, Quarterly Reports on Form 10-Q filed thereafter and other filings with the United States Securities and Exchange Commission. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse effect on it. Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Pioneer undertakes no duty to publicly update these statements except as required by law.
Footnote 1: Free cash flow is a non-GAAP financial measure. As used by the Company, free cash flow is defined as net cash provided by operating activities, adjusted for changes in operating assets and liabilities and cash acquisition transaction costs, less capital expenditures. See the supplemental schedules for a reconciliation of second quarter 2021 free cash flow to the comparable GAAP number. Forecasted free cash flow numbers are non-GAAP financial measures. Due to their forward-looking nature, management cannot reliably predict certain of the necessary components of the most directly comparable forward-looking GAAP measures, such as working capital changes. Accordingly, Pioneer is unable to present a quantitative reconciliation of such forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures. Amounts excluded from this non-GAAP measure in future periods could be significant.
Footnote 2: Future dividends, whether variable or base, are authorized and determined by the Company's board of directors in its sole discretion. Decisions regarding the payment of dividends are subject to a number of considerations at the time, including without limitation the Company's liquidity and capital resources, the Company's results of operations and anticipated future results of operations, the level of cash reserves the Company may establish to fund future capital expenditures or other needs, and other factors the board of directors deems relevant. The Company can provide no assurance that dividends will be authorized or declared in the future or the amount of any future dividends. Any future variable dividends, if declared and paid, will by their nature fluctuate based on the Company's free cash flow, which will depend on a number of factors beyond the Company's control, including commodities prices.
Footnote 3: Excludes acquisitions, asset retirement obligations, capitalized interest, geological and geophysical G&A, information technology and corporate facilities.
Footnote 4: Excludes unusual expenses of (i) $27 million associated with the DoublePoint acquisition and (ii) $9 million associated with the Parsley acquisition; offset by a $3 million gain related to the early extinguishment of DoublePoint senior notes.
Footnote 5: Estimated cash flow numbers are non-GAAP financial measures. The 2021 estimated cash flow number represents first half 2021 cash flow (before changes in operating assets and liabilities and cash acquisition transaction costs) plus July through December forecasted cash flow (before changes in operating assets and liabilities) based on strip pricing and utilizing the midpoint of production guidance. Due to their forward-looking nature, management cannot reliably predict certain of the necessary components of the most directly comparable forward-looking GAAP measures, such as changes in operating assets and liabilities. Accordingly, Pioneer is unable to present a quantitative reconciliation of such forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures. Amounts excluded from this non-GAAP measure in future periods could be significant.
Note: Estimates of future results, including cash flow and free cash flow, are based on the Company's internal financial model prepared by management and used to assist in the management of its business. Pioneer's financial models are not prepared with a view to public disclosure or compliance with GAAP, any guidelines of the SEC or any other body. The financial models reflect numerous assumptions, in addition to those noted in this news release, with respect to general business, economic, market and financial conditions and other matters. These assumptions regarding future events are difficult, if not impossible to predict, and many are beyond Pioneer's control. Accordingly, there can be no assurance that the assumptions made by management in preparing the financial models will prove accurate. It is expected that there will be differences between actual and estimated or modeled results, and actual results may be materially greater or less than those contained in the Company's financial models.
Pioneer Natural Resources Company Contacts:
Neal Shah - 972-969-3900
Tom Fitter - 972-969-1821
Greg Wright - 972-969-1770
Tadd Owens - 972-969-5760
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
Cash and cash equivalents $ 93 $ 1,442
Restricted cash 48 59
Accounts receivable, net 1,670 695
Income taxes receivable 1 4
Inventories 350 224
Derivatives 4 5
Investment in affiliate 152 123
Other 41 43
Total current assets 2,359 2,595
Oil and gas properties, using the successful efforts method of accounting 43,083 24,510
Accumulated depletion, depreciation and amortization (11,154) (10,071)
Total oil and gas properties, net 31,929 14,439
Other property and equipment, net 1,731 1,584
Goodwill 261 261
Other assets 156 150
$ 36,784 $ 19,229
LIABILITIES AND EQUITY
Interest payable 52 35
Income taxes payable 18 4
Current portion of long-term debt — 140
Derivatives 1,170 234
Operating leases 123 100
Long-term debt 6,926 3,160
Derivatives 155 66
Deferred income taxes 1,541 1,366
Other liabilities 1,013 1,052
Equity 22,638 11,569
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
Three Months Ended June 30, Six Months Ended June 30,
Revenues and other income:
Oil and gas $ 2,682 $ 600 $ 4,505 $ 1,695
Sales of purchased commodities 1,587 541 2,828 1,456
Interest and other income (loss), net (20) 48 40 (158)
Derivative gain (loss), net (832) (356) (1,523) 100
Gain on disposition of assets, net 2 6 13 6
3,419 839 5,863 3,099
Costs and expenses:
Oil and gas production 316 167 568 343
Production and ad valorem taxes 153 47 266 120
Depletion, depreciation and amortization 648 416 1,121 850
Purchased commodities 1,627 572 2,882 1,600
Exploration and abandonments 10 10 29 19
General and administrative 75 60 143 116
Accretion of discount on asset retirement obligations
Interest 41 33 81 60
Other 47 90 351 175
Income (loss) before income taxes 500 (558) 419 (189)
Income tax benefit (provision) (120) 109 (109) 31
Net income (loss) attributable to common stockholders $ 380 $ (449) $ 310 $ (158)
Net income (loss) per share attributable to common stockholders:
Basic $ 1.62 $ (2.73) $ 1.39 $ (0.96)
Diluted $ 1.54 $ (2.73) $ 1.33 $ (0.96)
Basic 234 165 222 165
Diluted 247 165 235 165
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Net income (loss) $ 380 $ (449) $ 310 $ (158)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Exploration expenses, including dry holes — 1 3 3
Deferred income taxes 109 (98) 91 (20)
Gain on disposition of assets, net (2) (6) (13) (6)
Loss (gain) on early extinguishment of debt (3) 27 2 27
Interest expense 7 13 12 18
Derivative-related activity 262 484 632 69
Amortization of stock-based compensation 17 17 69 33
Investment in affiliate valuation adjustment 25 (44) (29) 101
South Texas contingent consideration valuation adjustment — 1 — 64
South Texas deficiency fee obligation — — — 69
Other 35 36 81 65
Change in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable (263) (11) (593) 468
Inventories (12) 18 (102) 34
Other assets 7 8 23 26
Accounts payable 295 (29) 560 (313)
Interest payable 3 8 (54) (27)
Other liabilities (44) (66) (273) (154)
Net cash provided by operating activities 1,466 328 1,843 1,154
Net cash used in investing activities (1,694) (423) (2,042) (1,106)
Net cash used in financing activities (354) (514) (1,160) (504)
Net decrease in cash, cash equivalents and restricted cash (582) (609) (1,359) (456)
Cash, cash equivalents and restricted cash, beginning of period
724 858 1,501 705
Cash, cash equivalents and restricted cash, end of period
UNAUDITED SUMMARY PRODUCTION, PRICE AND MARGIN DATA
Average Daily Sales Volume:
Oil (Bbls) 363,046 214,959 322,258 218,808
Natural gas liquids ("NGLs") (Bbls) 147,135 90,184 126,520 87,271
Gas (Mcf) 715,719 416,516 620,124 412,704
Total (BOE) 629,468 374,563 552,132 374,863
Oil per Bbl $ 64.55 $ 23.16 $ 61.15 $ 34.58
NGLs per Bbl $ 27.95 $ 12.65 $ 27.10 $ 13.55
Gas per Mcf $ 2.69 $ 1.15 $ 2.83 $ 1.38
Total per BOE $ 46.82 $ 17.61 $ 45.08 $ 24.85
Margin Data ($ per BOE): 2021 2020 2021 2020
Average price $ 46.82 $ 17.61 $ 45.08 $ 24.85
Production costs (5.51) (4.92) (5.67) (5.03)
Production and ad valorem taxes (2.67) (1.35) (2.65) (1.76)
$ 38.64 $ 11.34 $ 36.76 $ 18.06
UNAUDITED SUPPLEMENTARY EARNINGS PER SHARE INFORMATION
The Company uses the two-class method of calculating basic and diluted earnings per share. Under the two-class method of calculating earnings per share, generally acceptable accounting principles ("GAAP") provide that share-based awards with guaranteed dividend or distribution participation rights qualify as "participating securities" during their vesting periods. During periods in which the Company realizes net income attributable to common shareholders, the Company's basic net income per share attributable to common shareholders is computed as (i) net income attributable to common stockholders, (ii) less participating share-based basic earnings (iii) divided by weighted average basic shares outstanding. The Company's diluted net income per share attributable to common stockholders is computed as (i) basic net income attributable to common stockholders, (ii) plus the reallocation of participating earnings, if any, (iii) plus the after-tax interest expense associated with the Company's convertible senior notes that are assumed to be converted into shares (iv) divided by weighted average diluted shares outstanding. During periods in which the Company realizes a net loss attributable to common stockholders, securities or other contracts to issue common stock would be dilutive to loss per share; therefore, conversion into common stock is assumed not to occur.
The Company's net income (loss) attributable to common stockholders is reconciled to basic and diluted net income (loss) attributable to common stockholders as follows:
Participating share-based basic earnings (1) — (1) —
Basic net income (loss) attributable to common stockholders 379 (449) 309 (158)
Adjustment to after-tax interest expense to reflect the dilutive impact attributable to convertible senior notes 1 — 3 —
Diluted net income (loss) attributable to common stockholders $ 380 $ (449) $ 312 $ (158)
Basic weighted average shares outstanding 234 165 222 165
Contingently issuable stock-based compensation 1 — 1 —
Convertible senior notes dilution 12 — 12 —
Diluted weighted average shares outstanding 247 165 235 165
UNAUDITED SUPPLEMENTAL NON-GAAP FINANCIAL MEASURES
EBITDAX and discretionary cash flow ("DCF") (as defined below) are presented herein, and reconciled to the GAAP measures of net income (loss) and net cash provided by operating activities, because of their wide acceptance by the investment community as financial indicators of a company's ability to internally fund exploration and development activities and to service or incur debt. The Company also views the non-GAAP measures of EBITDAX and DCF as useful tools for comparisons of the Company's financial indicators with those of peer companies that follow the full cost method of accounting. EBITDAX and DCF should not be considered as alternatives to net income (loss) or net cash provided by operating activities, as defined by GAAP.
Accretion of discount on asset retirement obligations 2 2 3 5
Interest expense 41 33 81 60
Income tax provision (benefit) 120 (109) 109 (31)
Parsley acquisition transaction costs (including stock-based compensation) 9 — 215 —
DoublePoint acquisition transaction costs 27 — 27 —
EBITDAX before acquisition transaction costs 1,571 418 2,604 1,167
Acquisition transaction costs (excluding stock-based compensation) (36) — (209) —
EBITDAX (a) 1,535 418 2,395 1,167
Cash interest expense (34) (20) (69) (42)
Current income tax (provision) benefit (11) 11 (18) 11
Discretionary cash flow (b) 1,490 409 2,308 1,136
Cash exploration expense (10) (9) (26) (16)
Changes in operating assets and liabilities (14) (72) (439) 34
Net cash provided by operating activities $ 1,466 $ 328 $ 1,843 $ 1,154
(a)"EBITDAX" represents earnings before depletion, depreciation and amortization expense; exploration and abandonments; accretion of discount on asset retirement obligations; interest expense; income taxes; net gain on the disposition of assets; gain or loss on early extinguishment of debt; noncash derivative related activity; amortization of stock-based compensation; noncash valuation adjustments on investments, contingent consideration and deficiency fee obligations; and other noncash items.
(b)Discretionary cash flow equals cash flows from operating activities before changes in operating assets and liabilities and cash exploration expense.
UNAUDITED SUPPLEMENTAL NON-GAAP FINANCIAL MEASURES (continued)
Adjusted income attributable to common stockholders excluding noncash mark-to-market ("MTM") adjustments and unusual items are presented in this earnings release and reconciled to the Company's net income attributable to common stockholders (determined in accordance with GAAP), as the Company believes these non-GAAP financial measures reflect an additional way of viewing aspects of the Company's business that, when viewed together with its GAAP financial results, provide a more complete understanding of factors and trends affecting its historical financial performance and future operating results, greater transparency of underlying trends and greater comparability of results across periods. In addition, management believes that these non-GAAP financial measures may enhance investors' ability to assess the Company's historical and future financial performance. These non-GAAP financial measures are not intended to be a substitute for the comparable GAAP financial measure and should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP. Noncash MTM adjustments and unusual items may recur in future periods; however, the amount and frequency can vary significantly from period to period.
The Company's net income attributable to common stockholders as determined in accordance with GAAP is reconciled to income adjusted for noncash MTM adjustments, including (i) the Company's derivative positions and (ii) the Company's equity investment in ProPetro Holding Corp. ("ProPetro"), and unusual items is as follows:
Three Months Ended June 30, 2022
Ref After-tax
Amounts Per Diluted
Net income attributable to common stockholders $ 380 $ 1.54
Noncash MTM adjustments:
Derivative loss ($262 MM pretax) 204 0.83
ProPetro stock loss ($25 MM pretax) 19 0.08
Adjusted income excluding noncash MTM adjustments 603 2.45
Unusual items:
DoublePoint transaction costs ($27 MM pretax) (a) 21 0.09
Parsley transaction costs ($9 MM pretax) (b) 7 0.02
Gain on early extinguishment of debt ($3 MM pretax) (c) (2) (0.01)
Adjusted income excluding noncash MTM adjustments and unusual items $ 629 $ 2.55
(a) Represents transaction costs associated with the DoublePoint acquisition.
(b) Represents costs associated with the integration of Parsley.
(c) Represents a gain attributable to the early extinguishment of DoublePoint senior notes.
Free cash flow ("FCF") is a non-GAAP financial measure. As used by the Company, FCF is defined as net cash provided by operating activities, adjusted for changes in operating assets and liabilities and acquisition transaction costs (excluding stock-based compensation), less capital expenditures. The Company believes this non-GAAP measure is a financial indicator of the Company's ability to internally fund acquisitions, debt maturities, dividends and share repurchases after capital expenditures.
Three Months Ended June 30, 2022 Six Months Ended June 30, 2022
Net cash provided by operating activities $ 1,466 $ 1,843
Changes in operating assets and liabilities 14 439
Acquisition transaction costs (excluding stock-based compensation) 36 209
Less: Capital expenditures (a) (900) (1,504)
Free cash flow $ 616 $ 987
(a)Capital expenditures are calculated as follows:
Costs incurred $ 7,232 $ 18,587
Less: Excluded items (a) (6,349) (17,114)
Plus: Other property, plant and equipment capital (b) 17 31
Capital expenditures $ 900 $ 1,504
Comprised of proved and unproved acquisition costs, asset retirement obligations and geological and geophysical general and administrative costs for the three and six months ended June 30, 2021.
(b) Includes other property plant and equipment additions related to water infrastructure and vehicles.
UNAUDITED SUPPLEMENTAL INFORMATION
Open Commodity Derivative Positions as of July 30, 2022
(Volumes are average daily amounts)
2021 Year Ending December 31, 2021
Third Quarter Fourth Quarter
Average daily oil production associated with derivatives (Bbl):
Brent swap contracts:
Volume 17,000 17,000 —
Price $ 44.45 $ 44.45 $ —
MEH swap contracts:
Volume 43,000 43,000 2,055
Price $ 40.52 $ 40.52 $ 42.80
Midland WTI swap contracts:
Volume 5,000 5,000 —
NYMEX WTI swap contracts:
NYMEX rollfactor swap contracts:
Price $ 0.17 $ 0.17 $ —
Midland WTI basis swap contracts:
Volume 37,000 37,000 26,000
Price $ 0.89 $ 0.89 $ 0.50
Brent call contracts sold:
Volume (a) 20,000 20,000 —
Brent collar contracts:
Volume — — 10,000
Ceiling $ — $ — $ 60.32
Floor $ — $ — $ 50.00
NYMEX WTI collar contracts:
Volume 16,000 6,000 —
Ceiling $ 64.66 $ 55.54 $ —
Floor $ 56.25 $ 50.00 $ —
Brent collar contracts with short puts:
Volume 110,000 90,000 67,000
Ceiling $ 54.46 $ 50.74 $ 66.02
Floor $ 47.82 $ 45.11 $ 52.39
Short put $ 36.87 $ 35.07 $ 39.25
MEH collar contracts with short puts:
Short put $ 31.55 $ 31.55 $ —
NYMEX WTI collar contracts with short puts:
Short put $ — $ — $ 40.00
UNAUDITED SUPPLEMENTAL INFORMATION (continued)
Average daily gas production associated with derivatives (MMBtu):
NYMEX swap contracts:
Volume 60,000 160,000 —
Dutch TTF swap contracts:
WAHA swap contracts:
Volume 116,304 116,304 4,932
NYMEX collar contracts:
Ceiling $ 3.19 $ 3.20 $ 3.45
Floor $ 2.60 $ 2.60 $ 2.75
NYMEX collar contracts with short puts:
Volume — — 100,000
Ceiling $ — $ — $ 4.00
Floor $ — $ — $ 3.20
Short put $ — $ — $ 2.50
Basis swap contracts:
Permian Basin index swap volume (b) 7,000 7,000 1,726
Price differential $ (0.39) $ (0.39) $ (0.39)
(a)The referenced call contracts were sold in exchange for higher ceiling prices on certain 2020 collar contracts.
(b)The referenced basis swap contracts fix the basis differentials between the index price at which the Company sells a portion of its Permian Basin gas and the NYMEX index price used in swap contracts.
Marketing derivatives. The Company's marketing derivatives reflect two long-term marketing contracts that were entered in October 2019. Under the contract terms, beginning on January 1, 2021, the Company agreed to purchase and simultaneously sell 50 thousand barrels of oil per day at an oil terminal in Midland, Texas for a six-year term that ends on December 31, 2026. The price the Company pays to purchase the oil volumes under the purchase contract is based on a Midland WTI price and the price the Company receives for the oil volumes sold is a weighted average sales price that a non-affiliated counterparty receives for selling oil through their Gulf Coast storage and export facility at prices that are highly correlated with Brent oil prices during the same month of the purchase.
Derivative Gain (Loss), Net
Noncash changes in fair value:
Oil derivative loss, net $ (203) $ (552)
Gas derivative loss, net (76) (77)
Marketing derivative gain (loss), net 17 (3)
Total noncash derivative loss, net (262) (632)
Net cash payments on settled derivative instruments:
Oil derivative payments (a) (548) (854)
Gas derivative payments (b) (9) (17)
Marketing derivative payments (13) (20)
Total cash payments on settled derivative instruments, net (570) (891)
Total derivative loss, net $ (832) $ (1,523)
(a)Includes the effect of liquidating certain of the Company's 2022 WTI swap contracts for cash payments of $13 million during the six months ended June 30, 2021.
(b)Includes the effect of liquidating certain of the Company's 2021 NYMEX swap contracts for cash receipts of $447 thousand during the six months ended June 30, 2021.


text:
package abc;

/**
 * Used for testing that compile-time constant field initializers are preserved in extension class code gen. Necessary
 * since the Java compiler substitutes the field refs with the constant values.
 */
public class ClassWithConstants
{
  public static final boolean BOOL_VALUE1 = true;
  public static final boolean BOOL_VALUE2 = false;
  public static final boolean BOOL_VALUE3 = same(true);

  public static final byte BYTE_VALUE1 = 10;
  public static final byte BYTE_VALUE2 = same(Byte.MAX_VALUE);

  public static final short SHORT_VALUE1 = 1000;
  public static final short SHORT_VALUE2 = -1000;
  public static final short SHORT_VALUE3 = same(Short.MAX_VALUE);

  public static final int INT_VALUE1 = 32768;
  public static final int INT_VALUE2 = -32769;
  public static final int INT_VALUE3 = Integer.MAX_VALUE;
  public static final int INT_VALUE4 = same(Integer.MAX_VALUE);

  public static final long LONG_VALUE1 = 8575799808933029326L;
  public static final long LONG_VALUE2 = same(LONG_VALUE1);

  public static final float FLOAT_VALUE1 = 3.4028235e+38f;
  public static final float FLOAT_VALUE2 = Float.MIN_VALUE;
  public static final float FLOAT_VALUE3 = same(Float.MIN_VALUE);

  public static final double DOUBLE_VALUE1 = 1.7976931348623157e+308;
  public static final double DOUBLE_VALUE2 = same(Double.MAX_VALUE);

  public static final char CHAR_VALUE1 = 's';
  public static final char CHAR_VALUE2 = '\n';
  public static final char CHAR_VALUE3 = '\u263A'; // smiley
  public static final char CHAR_VALUE4 = same('\u263A');

  public static final String STRING_VALUE0 = null;
  public static final String STRING_VALUE1 = "";
  public static final String STRING_VALUE2 = "abc";
  public static final String STRING_VALUE3 = "\u263Aabc\u263A\ndef";
  public static final String STRING_VALUE4 = same("\u263Aabc\u263A\ndef");

  public static final ClassWithConstants OBJ_VALUE1 = null;
  public static final ClassWithConstants OBJ_VALUE2 = new ClassWithConstants();

  // facilitates testing non-compile-time constant values
  private static <E> E same(E o)
  {
    return o;
  }
}


We know fermented foods are good for us. But at home, I am also looking for something delicious to compliment a dish. This one adds texture, flavor and some kick-arse spice to the plate. It is refreshing, cooling and full of heat at the same time. It's even good on it's own- I often sneak a few pieces as I'm preparing the rest of the meal. Enjoy with any Japanese or Asian inspired dishes.
Roughly slice cucumbers with the skin on into large diagonal chunks. Throw them into a large bowl with all the other ingredients and stir well to and coat.
Set them aside with a small plate covering the bowl for 10 minutes before serving. You can leave them longer if you wish. To store leftovers, just pop the cucumber into an airtight container for up to 1 week.


Our way to see, walk, discover, even get lost, the way that we connect with a new city.
WE REVIVE EXPLORING with ANDREA OTIN & IVAN BERGES.
And they both turn they life projects to the essential goodie that you need when travel, the bag packs.
Andrea is one of the founders of Fahrenheit, a leather bag pack brand handmade locally in Barcelona, a classic object of design and fair trade.
Ivan is the brand manager of Rowdy, a leather bag project born in Cape Town that is slowly conquering the world.
That is the way they Revive Exploring. With their own Bag packs, taking with them just the basics and living intently everywhere they go.


text:
HomeNewsFeaturesDisplay
Iraqi Aircraft Maintainers Learn English
By Senior Airman Chuck Broadway, 9 Air and Space Expeditionary Task Force-Iraq / Air Component Coordination Element-Iraq / Published August 25, 2011
Maj. Mark Gray, 321st Air Expeditionary Advisory Group director of maintenance, helps teach the basics of the English language two hours a day, four days a week to the Iraqi maintainers at Kirkuk Air Base, Iraq. Iraqi maintenance professionals have to learn the English language because all of their manuals are written in English, and only an estimated 15 out of 200 Iraqi Airmen have knowledge of the language. (U.S. Air Force photo by Senior Airman Tristin English)
Iraqi maintenance professionals learn the English language at Kirkuk Air Base. Classes are taught in an open forum creating as much interaction as possible, each student reads a sentence from a short story, the instructor repeats the sentence and finally a group reason from everyone in the class repeats the sentence a third time. (U.S. Air Force photo by Senior Airman Tristin English)
Maj. Mark Gray, 321st Air Expeditionary Advisory Group director of maintenance, helps teach the English language two hours a day, four days a week to the Iraqi maintainers at Kirkuk Air Base, Iraq. (U.S. Air Force photo by Senior Airman Tristin English)
Maj. Mark Gray, 321st Air Expeditionary Advisory Group director of maintenance, meets up with other advisors to help teach the English language two hours a day, four days a week to the Iraqi maintainers at Kirkuk Air Base, Iraq. (U.S. Air Force photo by Senior Airman Tristin English)
KIRKUK, AIR BASE, IRAQ -- For Iraqi aircraft maintainers at Kirkuk Regional Air Base, comprehension of the English language is a problem they face every day. All of their technical manuals are written in English, the internationally recognized language of aviation.
To combat this issue, Maj. Mark Gray, the 321st Air Expeditionary Advisory Group director of maintenance, along with several air advisors, teach Iraqi maintainers the basics of the English language in an interactive, open forum.
In June 2011, while touring an area of Kirkuk occupied by the Iraqi Air Force, Major Gray, along with an Iraqi general, came upon an abandoned building. When they entered the room the major was floored by what he saw.
The building, once operated by the Defense Language Institute, was previously used to teach English to the Iraqis. Filling shelves, top-to-bottom, were educational materials. Resembling a rainbow of hope were books, pictures and videos, many of which were still in the original wrappers.
The two officers came to an epiphany and asked each other, "Why don't we teach the English language here?"
The major quickly staked claim to the building and the program came to life.
Classes began in July Major Gray, a Wheatland, Calif. native deployed from Eglin Air Force Base, Fla., teaching the alphabet, basic greetings, math problems and other vocabulary. Quickly though, he realized the Iraqis were further along than expected.
The classroom atmosphere is very laid back. There is a light-hearted mood between instructors and students which Major Gray said was his intent from the beginning.
"The classes we loved the most growing up are the ones that had the fun teacher," he said. "That's what I was hoping to show them. The students are not just learning the English language we're teaching them, but the way we interact with each other as well."
Eight Iraqis attended the first class. Since then, Major Gray said the class averages 35 students per session. Originally, sessions were two hours a day, four days a week. Now, due to growing attendance and popularity, night classes have added.
"It's really all about seizing the moment," Major Gray said. "The combination of timing and motivation seems to be a formula for success."
Master Sgt. Steven Kral, a 521st Air Expeditionary Advisory Squadron maintenance air advisor and one of the instructors, said he uses a method of constant repetition to engrain the knowledge in the students' minds.
An Iraqi student reads a single sentence. The instructor repeats that sentence and is joined by the rest of the class.
He compared his teaching method to any American learning a new language.
"The more we say and repeat something the more we remember it," said Sergeant Kral a Ventura, Calif. native also deployed from Eglin. "Eventually we're going to have the students write things down too. When you write something down you tend to remember it even better."
According to Major Gray, the instructors encourage every student to participate equally and facilitate group learning to cultivate an open and comfortable environment for the Iraqis.
"The instructors explain everything to us," said one Iraqi captain. "It's a very good way to learn and we can now gain the skills we need and get a higher level of English. Everyone will eventually be able to read and write in English and when we get better, the Iraqi Air Force gets better."
The Iraqis advanced quicker than any of the instructors expected. Though they still use a translator at times, English is now the primary language spoken during class.
Major Gray hopes the Iraqi officers who are fluent in English will take over the program and teach their fellow Iraqis.
"My hope is that the senior Iraqi leadership approves a formal English course at each location," he said. "This way each base has the opportunity to have a course. To teach the Iraqis something I know they need and want is an incredible opportunity."
The Eyes and Ears of Combat Airstrikes
380 AEW Resiliency Series Part 1
Mosul Daesh HQ strike
Coalition Leader Talks Airpower Effects


I'm a very curious person, I'm interested in a lot of topics from sociology, psychology to architecture, history, physics... I love to travel and meet people from different cultures than mine. I'm going to Japan this summer (from 5th to 20th, August) and I would like to meet someone who could show me around and maybe become a good friend. I also love hiking, good food, wine, having fun and parties😊I like technology and big cities purpose également quiet spiritual places. Actually I like to visit big cities aim to live I prefer the countryside because I love nature. I m not a budhist purpose I ve always felt a connection to nature, this is where I feel well and alive. This is one of the main reasons for me to come to Japan. The amazing craftmanship est aussi something I want to EDC.
I'm a very curious person, I'm interested in a lot of topics from sociology, psychology to architecture, history, physics... I love to travel and meet people from different cultures than mine. I'm going to Japan this summer (from 5th to 20th, august) and I would like to meet someone who could show me around and maybe become a good friend. I also love hiking, good food, wine, having fun and parties😊 I like technology and big cities but also quiet spiritual places. Actually I like to visit big cities but to live i prefer the countryside because I love nature. I m not a budhist but I ve always felt a connection to nature, this is where I feel well and alive. This is one of the main reasons for me to come to Japan. The amazing craftmanship is also something I want to see.
I want to meet someone who is open minded, who is curious and who likes to learn about other cultures. I like people who are simple and not obsessed with money because I think there are things far more important in life. I would really like to make a good friend in Japan and keep in touch after I go back to France. That could help me learn Japanese and as I live only 1 hour from Paris, this is a good opportunity if you want to visit France.
Well this is a tough one: I am a bit cynical and ironic sometimes but I can laugh about everything. I just avoid jokes on religion, race, gender and sexual orientation as this can be offensive to some people.
England, Germany, Scotland, Spain, Italy, Holland, Belgium, Portugal, Turkey, USA, Thailand, Laos, Dominican Republic. The next countries I will visit are Peru and Nepal.
We never know what can happen but if I have to move and live in another country that would not be a problem. I adapt well I ve already lived in the USA and in Spain as well as France my home country.


ISLAMABAD, Pakistan — President Gen. Pervez Musharraf held secret talks with opposition leader and former Prime Minister Benazir Bhutto, a government minister said Saturday. Media widely reported that the once-bitter rivals discussed a power-sharing deal.
Such an alliance could strengthen Musharraf by bringing the secular, liberal opposition into his government as concerns grow about the rise in Islamic militancy. Analysts said Pakistan's Western allies would welcome that.
But newspaper and television reports said the talks stalled over Bhutto's insistence that Musharraf quit his military post if he hopes to remain president.
BEIRUT, Lebanon — Lebanese troops stormed an Islamic militant hideout in a Palestinian refugee camp on Saturday, killing eight fighters, state-run media reported. A Lebanese army commander said the final assault to crush the remaining Fatah Islam fighters there was "imminent."
The army pounded Fatah Islam's remaining positions with artillery, tank fire and rocket-propelled grenades, the National News Agency and witnesses said. The five-hour bombardment created plumes of heavy black smoke above the Nahr el-Bared refugee camp in northern Lebanon, witnesses reported.
HOUSTON — An electrical problem caused a huge fire at a suburban apartment complex, leaving more than 100 people homeless, investigators said Saturday. No injuries were reported.
The five-alarm blaze Friday began at the west end of the South Grand Apartments in Channelview, just east of Houston, officials said.
It took firefighters about five hours to extinguish the blaze, which destroyed 92 units, said Michael Battise, chief of the Cloverleaf Volunteer Fire Department, one of 10 departments that worked to put it out.
PHOENIX — Federal investigators on Saturday began gathering debris from two news helicopters that collided while covering a police chase on live television and crashed, killing all four people aboard.
The investigators plan to lay out the wreckage elsewhere to try to determine the point where the two aircraft collided Friday, National Transportation Safety Board investigator Howard Plagens said.
"We're just mapping out the locations ... how things are scattered, that's our main focus," he said.
Investigators said they'll need at least another day to finish going through the debris, which was sprayed across the ground and landed atop nearby buildings.


We're not ready to let go of autumn just yet but we can't deny that Christmas is already in the air, so here are some Do-it-Yourself decors and recipes inspired by these two seasons – we totally love this crossover. Take note as well that these items mainly made use of fruits and veggies. Yum!
In a saucepan, combine the ginger and Pure Leaf Iced Tea with Lemon and bring to a simmer.
Remove the pan from the heat and set aside to steep, about 10 minutes.
Allow to cool in an airtight container in the fridge.
Fill two highball glasses with ice. Pour 1/2 cup ginger-infused tea, then 1/4 cup pomegranate juice into each glass.
Top each with club soda, garnish with a tablespoon of pomegranate seeds and a cinnamon stick to stir.
For alcoholic version, add 2 ounces gin or bourbon before adding tea.
Add the vinegar along with the radishes, garlic and peppercorns.
Cover and refrigerate at least an hour or overnight.
Note: The drained radishes can be refrigerated for up to 1 week.
Pour the reserved pickling liquid into a large bowl.
Add the honey and whisk to combine. Season with salt and pepper.
A big thank you to Pure Leaf for sharing these DIY decor and recipes with us.


text:
TOUGH RACE FOR TOYOTA GAZOO RACING IN MEXICO
Posted on September 4, 2017 November 4, 2017
TOYOTA GAZOO Racing suffered disappointment in the fifth round of the 2017 FIA World Endurance Championship (WEC) despite a podium finish in the 6 Hours of Mexico.
Sébastien Buemi, Anthony Davidson and Kazuki Nakajima in the #8 TS050 HYBRID earned the team's fifth podium of the season with third place in Mexico City, but that did not mask the team's frustration at not being able to challenge Porsche.
The #7 TS050 HYBRID of Mike Conway, Kamui Kobayashi and José María López finished fourth, with both cars one lap behind the winning Porsche #2.
That result hurts the team's challenge in both World Championships; TOYOTA now trails Porsche by 56.5 points in the manufacturers' standings while the #8 drivers are 41 points off the lead of the drivers'.
Despite using the high-downforce TS050 HYBRIDs, race performance was compromised by a relative lack of downforce in the thin air at 2,285m altitude. That put both cars at a disadvantage compared to the opposition and this became evident from the start.
In the opening stint, Mike in the #7 led the TOYOTA challenge from third with Sébastien close behind in fourth, but both dropped back from the leaders.
Soon after the 90-minute mark, Sébastien took advantage of traffic to pass Mike and moved the #8 up to third, although he had a scare soon after when the #28 car hit him in a slow corner, earning the LMP2 driver a warning from race stewards.
The half distance point was passed with José María at the wheel of the #7 and Kazuki in the #8, with both cars taking turns to hold third place as the momentum switched between the two.
When Kamui and Anthony took their stints behind the wheel, they experienced the first full course yellow of the race, when a baseball from the nearby sports complex found its way on track with 90 minutes remaining.
Another followed for debris with an hour remaining and, as the race entered its final 35 minutes, a few rain drops began to fall but the predicted downpour never materialised.
In order to maximise the points total for the World Championship-chasing #8 crew, the team controlled the final stint and Kamui eased off to allow Sébastien to take the chequered flag in third despite a short fuel stop in the final minutes.
The team does not need to wait long for the opportunity to improve on today's result, with the sixth round of the season taking place across the United States border at the Circuit of the Americas in Austin, Texas on 16 September.
Hisatake Murata, Team President: "It has been a very disappointing race. We came here with the target of winning and enhancing our chances in both World Championships but we could not challenge Porsche. Congratulations to them on the victory. The team, including the drivers, gave their maximum this week but we did not get the result we wanted so we must now prepare for the next race. We do not give up on our dream of winning the World Championship so we will push hard to be competitive in the next race."
TS050 HYBRID #7 (Mike Conway, Kamui Kobayashi, José María López)
Race: 4th, 239 laps, 6 pit stops. Grid: 3rd. Fastest lap: 1min 26.240secs
Mike Conway (TS050 HYBRID #7): "We were pushing as hard as we could to stay with the leaders but we could not fight at all today which is frustrating. In the end it was just about doing the best we could and hoping for something, but no rain came and Porsche had a clean race. We will be working hard to be stronger in the next event."
Kamui Kobayashi (TS050 HYBRID #7): "I did my best but unfortunately we couldn't put any pressure on Porsche today. We know our car is not optimum on this track but at the next races we should be better so we concentrate on fighting back strongly. It is a pity to miss the podium but that's racing and we are motivated to do better in Austin."
José María López (TS050 HYBRID #7): "In qualifying we managed a very good performance so we hoped that we could be competitive today, but we didn't have the pace. We did the best we could and did a good clean race. I am happy with my performance, as well as from Mike, Kamui and the whole team."
TS050 HYBRID #8 (Sébastien Buemi, Anthony Davidson, Kazuki Nakajima)
Race: 3rd, 239 laps, 6 pit stops. Grid: 4th. Fastest lap: 1min 26.445secs
Sébastien Buemi (TS050 HYBRID #8): "It was a tough race. We expected it to be difficult after practice and we didn't have the speed to fight. I am happy with my driving today because I did three stints, so more than three hours. I am pleased with the reliability as well because the car ran smoothly; we were just not quick enough."
Anthony Davidson (TS050 HYBRID #8): "That was a very difficult race for us. We seemed to lack downforce because we were fast on the straight but not around the corners, especially the twisty sector two. I personally struggled with the balance of the car; it felt different to what it did in free practice. So a podium for third is the best we could do."
Kazuki Nakajima (TS050 HYBRID #8): "It was at least good to finish the race cleanly and be on the podium again after a difficult race for all of us. It's the first proper podium for our car since the win at Spa so that was nice. That was the maximum we could do from a tough weekend overall."
6 Hours of Mexico result
1st #2 Porsche (Bernhard/Bamber/Hartley) 240 laps
2nd #1 Porsche (Jani/Lotterer/Tandy) +7.141secs
3rd #8 TOYOTA GAZOO Racing +1 lap
4th #7 TOYOTA GAZOO Racing +1 lap
5th #31 Rebellion (Canal/Senna/Albuquerque) +21 laps
6th #36 Alpine (Lapierre/Menezes/Negrao) +21 laps