First Liberty Power Advances Growth & Capital Strategy

LAS VEGAS, March 12, 2013 /PRNewswire/ -- First Liberty Power Corp. (FLPC), an innovative exploration and development company focused on supplying "Mined in America" strategic minerals for current and emerging technologies, announced today a clear path towards achieving near term production and revenue on its Fencemaker Antimony property as well as the furthering of the development of its key Lithium, Vanadium and Uranium properties.

In order to meet the core objective of bringing revenue and cash flow to the Company, the primary focus is on bringing Fencemaker antimony property into production.FLPC's partner, Stockpile Reserves LLC (SRLLC), is finalizing the selection for a mining operator to implement the structural support at the mine entrance, and to undertake ore extraction. Simultaneously, work is progressing on all other required aspects of regulatory compliance, staging area setup, ore transport, and milling / refining setup. FLPC management currently anticipates initial production to commence within 3-4 months of the completion of funding, with full permitted production levels being achieved 3 months thereafter. Funding of $1,700,000 has been allocated specifically for all aspects of bringing Fencemaker into full production, including operating capital. FLPC current projections indicate that in the first 12 months of full production, Fencemaker operations will contribute approximately $7.2 million of top line revenues to the Company.

Equally important for the growth plans of First Liberty, is the rapid progression on the company's Lithium and Vanadium/Uranium properties.A budget of $900,000 has been allocated to undertake a final geo-magnetic work program on the Smoky Valley Lithium property, followed by a confirmation drill program and 43-101 report for both Lida Valley and Smoky Valley, and a detailed radon survey on the Vanadium/Uranium property. Upon completion of these programs and successful geological validation of the merits of the properties, First Liberty will be able to fully map out the next steps and timelines for bringing these properties into production.

CEO Don Nicholson adds, "In order to be able to complete these property development activities as planned, we will be providing full details on a $3,000,000 structured finance offering to be undertaken, highlighting our efforts to make this a long-term and non-dilutive financing for the benefit of current and future shareholders. It is vital that First Liberty management continues to follow the guiding principles of our Pathways of Progress, together with regular and transparent communications with the First Liberty shareholders, in addition to completing daily operational targets focused on bringing revenue and profits to the Company."

ABOUT FIRST LIBERTY POWER CORPORATION: First Liberty Power Corporation (FLPC: OTCQB http://www.firstlibertypower.com) is an innovative exploration and development company focused on supplying "Mined in America" strategic industrial minerals for current and emerging technologies. FLPC operates within a focused strategy of bringing strategic mineral properties into active operation and revenue generation, while ensuring that surrounding communities and the environment are protected and well-served. Within that focus is a dedication to First Liberty's Pathways of Progress (POP). POP is a program of best corporate practices and proactive decision-making designed to ensure the interests of FLPC shareholders, stakeholders and mining/development partners.

Notice Regarding Forward-Looking StatementsThis current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future plans of the company, the prospects for our mineral properties, and our ability to raise necessary working capital.

Actual results could differ from those projected in any forward-looking statements due to numerous factors, including the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the SEC.

Contact: Robert Reynolds (800) 709-1196 ir@firstlibertystrategic.com

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First Liberty Power Advances Growth & Capital Strategy

2013 Media for Liberty Award Honors Vanity Fair’s “The Wrath of Putin” by Masha Gessen

ENGLEWOOD, Colo.--(BUSINESS WIRE)--

Liberty Media Corporation (Nasdaq: LMCA, LMCB) today announced that the winning entry for its fourth annual Media for Liberty Award is The Wrath of Putin, a story by Masha Gessen that appeared in the April 2012 issue of Vanity Fair magazine.

As described by Vanity Fair, The Wrath of Putin uncovers the complicated conflict between Russian President Vladimir Putin and Mikhail Khodorkovsky, once Russias richest oligarch. The conflict has led to Khodorkovskys imprisonment for almost a decade, the smashing of his empire and fear among his family members. But, he may now be Vladimir Putins most dangerous opponent. With in-depth reporting from Moscow and her own personal experience and relationships, Masha Gessen masterfully chronicles the bitter war between one mans truth and anothers tyranny.

The Media for Liberty Award is about recognizing great works of journalism that capture the connection between economic and political liberty and Masha has written a remarkable and compelling story that embodies the goal of the award, said John Malone, Chairman of Liberty Media. On behalf of the jury panel, we congratulate her along with the editors and publishers of Vanity Fair for telling this story and further exposing the challenging nature of the evolution of Russian business and politics and its impact on human rights and freedom.

The Wrath of Putin by Masha Gessen for Vanity Fair magazine will be celebrated at a ceremony hosted by Liberty Media and emceed by John Stossel, host of STOSSEL on Fox Business and Fox News contributor, at the Newseum in Washington, D.C.

The Media for Liberty Award is a $50,000 journalism prize that recognizes media contributions that examine the link between economic and political liberty. Print, broadcast and online submissions were judged on criteria including thematic relevance, educational value and relevance to the public discourse.

For more information on the Media for Liberty Award, including past honorees and details regarding eligibility please visit http://www.mediaforlibertyaward.com

The distinguished Media for Liberty panel represents thought leaders in the world of business, journalism and media:

About Liberty Media Corporation

Liberty owns interests in a broad range of media, communications and entertainment businesses, including its subsidiaries Atlanta National League Baseball Club, Inc., SiriusXM, and TruePosition, Inc., its interests in Live Nation Entertainment and Barnes & Noble, and minority equity investments in Time Warner Inc. and Viacom.

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2013 Media for Liberty Award Honors Vanity Fair’s “The Wrath of Putin” by Masha Gessen

One Liberty Properties, Inc. Reports Fourth Quarter and Full Year 2012 Results

GREAT NECK, NY--(Marketwire - Mar 14, 2013) - One Liberty Properties, Inc. ( NYSE : OLP )

One Liberty Properties, Inc. ( NYSE : OLP ), an owner of a geographically diversified portfolio of retail, industrial, health and fitness, office and other properties primarily under long term leases in the United States, today announced operating results for thequarter and year ended December 31, 2012.

"The Company continued to execute effectively on its pursuit of selective and accretive growth in 2012," commented Patrick J. Callan, Jr., President and Chief Executive Officer of One Liberty. "With 17 properties acquired the past two years combined with the profitable sales of non-core assets, we continue to enhance our real estate portfolio. These efforts resulted in a recent increase in our dividend.Over the last two years, the Company has reduced its credit line interest rate floor significantly and it enters 2013 at a rate of 4.75%.As we look ahead, we are continuing to pursue opportunities that will increase the value of the Company, but will remain disciplined and selective in our approach as we seek to both protect and increase stockholder value."

Fourth Quarter Operating Results:

Total rental revenues for the three months ended December 31, 2012 increased $690,000 or 6.3% to $11.56 million, from $10.87 million for the three months ended December 31, 2011.Rental revenues benefited from the contribution of One Liberty's 2012 and 2011 acquisitions.

Net income attributable to One Liberty was $4.93 million or $0.33 per fully diluted share, an increase of 59.5% from $3.09 million or $0.21 per fully diluted share for the fourth quarter of 2011. The increase is attributable to $2.28 million or $0.16 per fully diluted share of income from discontinued operations related primarily to gains from strategic dispositions of properties acquired at favorable prices.Income from continuing operations in the fourth quarter of 2012 was $2.63 million, or $0.17 per diluted share, compared to $2.83 million, or $0.19 per diluted share in the fourth quarter of 2011.The change is due primarily to higher real estate acquisition costs and federal excise and state taxes incurred in the current quarter.

One Liberty generated Funds from Operations ("FFO") of $5.84 million, or $0.39 per diluted share, for the quarter ended December 31, 2012, as compared to $5.71 million or $0.39 per diluted share in the corresponding period of 2011.A reconciliation of GAAP amounts to non-GAAP amounts is presented with the financial information included in this release.

The per share results for the three months ended December 31, 2012 were impacted by the increase in the weighted average number of shares outstanding which increased due to share issuances under One Liberty's equity incentive, at the market equity offering and dividend reinvestment programs.

Full Year 2012 Operating Results:

Total rental revenues increased 7.0% to $44.75 million compared to $41.81 million for 2011.Rental revenues increased due to the impact of acquisitions in 2012 and 2011.

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One Liberty Properties, Inc. Reports Fourth Quarter and Full Year 2012 Results

Liberty International Underwriters Expands Marine Risk Engineering Services

NEW YORK--(BUSINESS WIRE)--

Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, has brought on Richard Falcinelli as vice president, senior manager of marine risk engineering for the Americas. In this position, Mr. Falcinelli will have responsibility for LIUs marine risk engineering team in the U.S., Canada and Latin America.

Mr. Falcinelli has 30 years of maritime industry experience including 20 years in management positions ashore. A graduate of the Maine Maritime Academy who also holds a masters degree in international transportation management, Mr. Falcinelli was most recently executive vice president of a large coastwise tug and barge petroleum transporter with over $300 million in annual revenue.

Tug and barge is an important and growing segment for LIU, said Don Harrell, senior vice president of marine for Liberty International Underwriters. We brought on Rick for this newly-created position to help meet the needs of this segment and to take our risk engineering services to the next level. As the global economy continues to improve, the concurrent uptick in marine traffic offers an opportunity to seek out new business. The decades Rick has spent with marine transport companies gives him first-hand insight to the insurance coverage these businesses need to thoroughly protect their operations. He will be a valuable resource for brokers looking to place this business.

In his new role Mr. Falcinelli is tasked with building upon the success of LIUs marine risk engineering program. This will be accomplished by strengthening relationships with LIU clients in support of their loss prevention initiatives and providing enhanced service offerings. Additional resources will also be brought on to keep pace with LIUs rapid growth.

LIU provides a broad range of marine insurance products that include Ocean and Project Cargo, Marine Liabilities, Marine Builders Risk and Hull and Machinery. LIUs Team 360 employs a local underwriting approach that includes risk engineers and marine claims specialists from the start of each relationship. Because the entire team is fully integrated into the insurance process, clients get faster service and a program that leads to a reduction in loss and best claims outcome. Brokers can contact Mr. Falcinelli directly at Richard.falcinelli@libertyiu.com or 212-208-9576 or visit http://www.liu-usa.com for more information.

About Liberty Mutual Insurance

"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2011 direct premiums written as reported by the National Association of Insurance Commissioners.

Liberty Mutual Insurance also ranks 84th on the Fortune 100 list of largest corporations in the U.S. based on 2011 revenue. As of December 31, 2012, Liberty Mutual Insurance had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.

Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 50,000 people in more than 900 offices throughout the world.

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Liberty International Underwriters Expands Marine Risk Engineering Services

Life, Liberty, and the Pursuit of Reduced Misery: Paul Krugman at TEDxColumbiaSIPA – Video


Life, Liberty, and the Pursuit of Reduced Misery: Paul Krugman at TEDxColumbiaSIPA
In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TED...

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Life, Liberty, and the Pursuit of Reduced Misery: Paul Krugman at TEDxColumbiaSIPA - Video

Liberty ‘improves retention methods’

TRADITIONAL insurers are no longer just competing with each other, but also with cellphone and fashion retailers with licences to sell insurance, Liberty Retail CEO Steven Braudo said on Friday.

This has prompted Liberty to improve its systems aimed at signing up and retaining quality customers.

Liberty was now in a better position to retain its clients and sell insurance policies that last longer, with consistent premium payments, Mr Braudo said.

Liberty Retail, whose products include life, disability insurance and retirement cover, is core to the Liberty Group, contributing more than a third in group earnings last year.

To drive up business, the division has introduced IT systems which can assess, over a long time, the quality of business that brokers bring to Liberty.

Mr Braudo and his colleagues said the systems help the division to retain the best brokers and let go of those who sign up poor business.

One of the systems is aimed at underwriting business quickly by reducing the time it takes to sign up a client to about two-and-a-half hours, compared to 5-10 days through the traditional method.

This has helped reduce the amount of business that ends up not been written because of a client changing their mind.

Liberty said the average of policies not taken up had come down to 17% from about 20%.

Liberty has also built up a customer defence team which now retains 1,400 policies per month. As part of its retention strategy, last year the insurer launched a rewards programme.

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Liberty ‘improves retention methods’

Give me Liberty , rather than blue bloods, for Big Dance

March Madness arrived Sunday, when the players and cheerleaders representing Liberty University stormed onto the floor to celebrate the teams improbable inclusion in the NCAA basketball tournament.

Although the brackets wont be revealed until next weekend, its safe to presume the Liberty Flames will be designated the 68th seed in the 68-team field. Liberty not only looks like the least impressive entry in the 2013 tournament, Id nominate it as a leading candidate for Least Impressive NCAA Tournament Entry Of All Time.

The Flames began the season by losing to Richmond a 42-point drubbing that presaged an 0-8 start. They werent thinking about the Big Dance at that point. They were thinking how refreshing it would be to score more points than the opposition.

Liberty then turned things around a bit, improving from an abomination that was losing all its games to a mediocrity that was losing only half of them. The Flames took a 10-20 record into March. They entered the Big South Conference tournament with an RPI of 293, the college-basketball equivalent of running a 40-yard dash for pro scouts at noon and finishing a few minutes before sunset.

But Liberty (15-20), from Lynchburg, Va., got hot when it had to, winning four games in a conference tournament that culminated with an 87-76 victory over Charleston Southern. Still, for only the second time in NCAA tournament history, a 20-loss team is under the tent, awaiting Selection Sunday with the kind of giddy, wide-eyed anticipation students at powerhouse schools like Duke or Indiana never are able to experience.

In 2008, a 16-20 Coppin State team preceded Liberty into the tournament, and you might bemoan how gradual expansion including the implementation of a two-game play-in round has diluted the quality of the field.

But teams with losing records have been crashing this party for decades. George Washington, which finished its regular season 9-16, found a way into the 1961 tournament. Fairfield, in 1997, became the third team in three years to qualify at 11-18. Fairfield was supposed to be devoured by North Carolina in a contest between 1 and 16 seeds, but the Stags had a different notion.

With no starter listed taller than 6-foot-6, the Stags scared the Tar Heel out of a 25-6 Carolina team that featured such future NBA players as Vince Carter, Shammond Williams, Antawn Jamison and 7-3 Serge Zwikker. Early in the second half, Fairfield led 37-28, and it kept the issue in suspense until the final minute.

Thats when Carter turned to Jamison during a timeout and said, One shining moment, its all on the line. To which Jamison responded, One shining moment, there frozen in time.

OK, so that conversation didnt happen. What happened was that the Tar Heels played as if they could turn on their competitive switch whenever they felt like it, and they waited until the final minute to feel like it.

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Give me Liberty , rather than blue bloods, for Big Dance

Ticket Punched: Liberty becomes second 20-loss team ever to secure NCAA bid

Andrew Smith and Liberty earned their first NCAA bid since 2004 (USA Today Sports Images)

Very few college basketball coaches get even one chance to experience the euphoria of making an out-of-nowhere run to a conference tournament title and an automatic NCAA tournament bid.

Dale Layer has now accomplished it twice.

Ten years after Layer's sixth-seeded Colorado State team toppled Wyoming, BYU and UNLV in the Mountain West tournament to earn an improbable NCAA bid, the veteran coach piloted Liberty to a similar feat in the Big South. The Flames became the second 20-loss team to make the NCAA tournament, joining Coppin State's 2008 team on that list by upsetting Charleston Southern 87-76 in Sunday's Big South title game.

"Before the tournament started, I shared with my team what we did at Colorado State and I told them that if you keep working, there's always a chance," Layer said. "I think that gave them some hope. When you have some hope, you have some hard work and you have really good kids, it gives you an opportunity to pull something like this off."

To fully appreciate how improbable Liberty's first NCAA tournament appearance since 2004 is, consider how the season began for the Flames. They lost their first eight games and 10 of their first 11, failing to beat a single Division I opponent until Dec. 31 when they snuck past Western Carolina 63-62.

The start of league play didn't signal a reversal of fortune either considering Liberty went 6-10, finished fifth in its half of the Big South and did not even manage a single two-game win streak. Some early injuries and the loss of standout forward Antwan Burrus for the season put Liberty so far behind in its preparation and cohesiveness that it took the Flames almost the full season to catch up.

"It was really difficult," Layer said. "We came out of the chute losing eight straight, our best returning player never played a minute and we had a time early when we had three starters out. In January, I thought we were playing November basketball, in February, I thought we were playing January basketball and I thought 10 days ago we were getting closer to where we needed to be."

Despite that incremental improvement, even Layer considered his team a long shot entering the Big South tournament, especially since the Flames' draw wasn't exactly favorable.

[Related: Injured Saint Mary's forward creeps out his coach]

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Ticket Punched: Liberty becomes second 20-loss team ever to secure NCAA bid

Liberty heads to NCAA tournament

UpdatedMar 10, 2013 4:14 PM ET

Liberty coach Dale Layer doesn't care how many losses it took to get his players to the NCAA tournament.

The Flames became just the second 20-loss team to reach college basketball's marquee event, beating Charleston Southern 87-76 Sunday to win the Big South Conference title. Liberty opened the season with eight straight losses and had never won more than three in a row until this week. Yet, it joined Coppin State in 2008 as the only schools with 20 or more defeats in the field of 68.

The Flames' .429 winning percentage (15-20) is the lowest for an NCAA tournament team since Oakland (Michigan) had a 12-18 record (.400) in 2005.

''That's awesome,'' the fourth-year coach said of his team. ''We've got the hats, right?''

Yes, you do, Coach.

The Flames finished their best stretch of basketball this year, winning their fifth in a row - and their fourth game since Tuesday - to take their first Big South tournament crown since 2004. John Caleb Sanders led the way with 27 points and tournament MVP Davon Marshall had 20 off six 3-pointers.

Marshall and Sanders got things going in a hurry over top-seeded Charleston Southern (19-12) with 3-pointers in the first 90 seconds - and the Flames barely lost their outside touch. Marshall was 6 of 7 from beyond the arc and Liberty finished 9 of 18 on long-range baskets.

The performance ended a hard-to-imagine run through the field where Liberty defeated home-standing Coastal Carolina and both Big South divisional winners in High Point and Charleston Southern. Sanders said the team began to believe when they topped the Chanticleers 78-61. ''When you can beat Coastal by 20 on their home floor, we knew we could beat anybody in this tournament,'' he said.

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Liberty heads to NCAA tournament

Liberty 87, Charleston Southern 76

After going 0-8 to start the season, Liberty is going to the Big Dance. Junior guards John Caleb Sanders and Davon Marshall combined for 47 points, helping fifth-seeded Liberty upset No. 1 Charleston Southern 87-76 in the Big South Conference final Sunday at the HTC Center in Conway, S.C., to gain an automatic bid to the NCAA Tournament. Sanders scored 27 points and Marshall added 20 for Liberty (15-20), which became the second team to make the NCAA Tournament with 20 losses. Sophomore guard Saah Nimley scored 17 points for Charleston Southern (19-12). Liberty maintained a slim lead through much of the first half. Charleston Southern went up by one on a free throw from Sheldon Strickland with 12 seconds left, but Tavares Speaks made a jumper with one second to go, giving the Flames a 35-34 lead at the break. The game remained close until midway through the second half, when Liberty mounted 8-1 and 8-0 runs to take a 68-54 lead with 5:33 remaining. The Flames lost their first eight games this season but have won five in a row and six of seven, including four wins in the Big South tournament.

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Liberty 87, Charleston Southern 76

Liberty takes Big South women’s title

CONWAY, S.C. (AP) -- The top-seeded Liberty women's basketball team got a big boost before the Big South championship game from an unlikely source - Liberty's men's team.

About three hours before the Lady Flames hit the floor at the HTC Center to play seventh-seeded Longwood, they learned that the men completed a four-game run through their tournament to win a Big South title despite coming into the week with 20 losses. Liberty's women weren't about to disappoint a campus suddenly primed for a double-dose of March Madness and followed up with a 54-45 victory Sunday night, their fifth straight tournament title.

''Seeing that the men had defied all odds, it gave me a lot of extra energy,'' Liberty's Brittany Campbell said. ''All of us were, 'Let's do this. Let's have a double championship.'''

It happened before, the last time the men made the NCAA in 2004. Now, both squads will wait out NCAA selections with something to cheer about.

''It's a beautiful feeling,'' said Devon Brown, the women's tournament MVP.

Tolu Omotola scored 16 points for Liberty (27-6), which will carry a 14-game win streak into its NCAA tournament site. It's the Lady Flames' 15th NCAA trip in the past 17 years.

The Liberty men won four games in six days, capped by an 87-76 upset over Charleston Southern. They watched the women from behind the basket, then joined the celebration after the school's second title. All the players, men and women, posed for photos on the court before the Lady Flames cut down their nets.

Omotola had nine points to spark a 17-8 run to start the second half as the Lady Flames took control. Longwood (14-19) had cut a 15-point lead to 53-45 in the final seconds, but got no closer.

Ashley Rininger had 10 points, while Brown grabbed 13 rebounds for Liberty.

Coward had 14 points to lead Longwood, which struggled with its shooting throughout. The Lancers' high-scoring guards Daeisha Brown and Crystal Smith, who came in averaging better than 27 points a game combined, finished with just six points on 2-of-23 shooting.

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Liberty takes Big South women's title

TODD STARNES: Gay rights activists demand Tebow cancel Liberty University speech

By Todd Starnes

Gay rights activists are demanding Tim Tebow back out of a speaking engagement at Liberty University just two weeks after pressuring the New York Jets quarterback to cancel a speaking engagement at the First Baptist Church of Dallas.

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Tebow is expected to speak this weekend at Wildfire a mens conference hosted by the conservative Christian university. His remarks will be closed to the general public.

The professional football player is well-known for sharing his faith in Christ but in recent weeks hes come under fire from the national media and gay rights activists for speaking in churches that follow biblical teaching.

Huffington Post called Liberty a notoriously conservative private college with an anti-gay reputation. And more than 10,000 people have signed a petition launched by Faithful America calling on the quarterback to cancel his speech.

Liberty University isnt just another conservative Christian college, the group stated. Its ground-zero for a global assault on the legal rights of gays and lesbians and a symbol of everything thats wrong with the religious right.

A Liberty University spokesman refused to comment.

Faithful America said Tebow would give his Christian faith a bad name by speaking at the university founded by the late Jerry Falwell.

Several weeks ago Tebow canceled a speaking engagement at the First Baptist Church of Dallas citing new information he had received.

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TODD STARNES: Gay rights activists demand Tebow cancel Liberty University speech

Liberty High School vandalized with graffiti

The Liberty High School athletic complex and multiple school buses were vandalized between Tuesday night and Wednesday morning. Photo by Kaitlin Pennell.

Frisco ISD's Liberty High School was vandalized between Tuesday night and Wednesday morning with profane writing and pictures of genitalia drawn in spray paint.

The graffiti messages implicated students from Frisco ISD's Heritage and Centennial high schools, as the schools' names were written. The graffiti also referenced the three schools' sports rivalries.

The athletic complex of Liberty High School was the sole building vandalized. Several doors of the complex and at least two school buses used for Liberty's sports teams were vandalized in the incident.

Liberty, Heritage and Centennial have traditionally enjoyed a friendly sports rivalry because of their close proximity -- the three schools are each located within a five-mile radius. Recently, however, the rivalry has "gone bad," one Frisco ISD student said.

The incident took place in the middle of the night, and cameras at Liberty videotaped the entire event and documented the time.

Sgt. Brad Merritt of the Frisco Police Department said investigators are "following promising leads."

Shana Wortham, the school district's executive director of communications, issued the following statement in response to the incident: "We are disappointed in the destruction of school property and we take this type of activity seriously; we will seek full restitution. We appreciate the quick work of the police department in conjunction with school and security personnel in this matter."

Wortham said the graffiti has been removed from the athletic complex but noted some new painting will be required. Cost estimates are currently being gathered so they can be used as restitution in any potential charges.

The following are comments from the readers. In no way do they represent the view of Starlocalnews.com

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Liberty High School vandalized with graffiti

First Liberty Power Development Plans for Lithium Properties

LAS VEGAS, March 7, 2013 /PRNewswire/ -- First Liberty Power Corp. (FLPC:OTCQB), an innovative exploration and development company focused on supplying "Mined in America" strategic minerals for current and emerging technologies, today announced their plans for advancing into the drilling phase at their Smoky Valley and Lida Valley Lithium Properties. According to First Liberty CEO, Don Nicholson, this marks the culmination of the property's pre-drilling exploration works.

"Last summer, First Liberty completed the second phase of very positive gravitational studies at Smoky Valley," Nicholson said. "Together with prior successful work undertaken on Lida Valley, we are now proceeding to schedule the next phase of exploration for the upcoming summer season. The plan calls for one final phase of geomagnetic work on Smoky Valley to further define basin closures, followed by an initial drilling program with the objective of confirming the presence of commercially viable lithium bearing brines."

GeoXplor Corp, is a key partner with FLPC in developing the two lithium properties. They have provided a budget and timeline for a 3 - 5 hole drill program on the properties, which will target areas of significant Lithium brine potential identified by the Company's exploration program (i.e., areas marked by gravity lows and low resistivity). Upon successful completion of the drilling phase, FLPC would then prepare for the launch of the next stage of development on the path towards bringing one or both of the properties into production. Company officials are actively seeking the necessary funding to complete this next critical phase of development.

In making the First Liberty announcement, Vice President of Operations, Robert Reynolds, offered key statistics on the lithium projects. "Lithium demand is forecast to grow 7% annually between now and 2020, in great part due to the need for lithium to power future hybrid and electric vehicles and continued increases in production of portable electronic devices (mobile phones/computers/tablets). The brines at the nearby producing Silver Peak operation in Clayton Valley have some of the highest lithium contents of any area in the world and yield most of the lithium currently produced in America. These statistics, when combined with First Liberty's plans for the development of Smoky Valley and Lida Valley properties, greatly enhance our prospects to be supplying America with the needed strategic minerals to help power the future."

ABOUT FIRST LIBERTY POWER CORPORATION: First Liberty Power Corporation (FLPC: OTCQB http://www.firstlibertypower.com) is an innovative exploration and development company focused on supplying "Mined in America" strategic industrial minerals for current and emerging technologies, in order to power the future. FLPC operates within a focused strategy of bringing mineral properties into active operation and revenue generation, while ensuring that surrounding communities and the environment are protected and well-served. Within that focus is a dedication to First Liberty's Pathways of Progress (POP). POP is a program of best corporate practices and proactive decision-making designed to ensure the interests of FLPC shareholders, investors and mining/development partners.

ABOUT SMOKY VALLEY: The Smoky Valley lithium project is located in Esmeralda County, Nevada and encompasses approximately 70 placer claims (11,200 acres). It is adjacent to Clayton Valley and has two exploration stages complete, with containment basin structure demonstrated and a geomagnetic survey completed in August 2012. Smoky Valley is in close proximity to America' s only producing lithium mine, operated by Rockwood Lithium, which has been producing lithium for over 40 years at a rate of approximately 5,000 LCE tons per year.

ABOUT LIDA VALLEY: The Lida Valley property shares a similar geology and weathering history to nearby Clayton Valley, and encompasses 84 placer claims (12,800 acres) also located in Esmeralda County, Nevada. This property is located within 15 miles of the Montezuma Peak, which is believed to be the source of the region's lithium. Three stages of exploration and confirmation work have been completed to date, and drill targets are established.

Notice Regarding Forward-Looking StatementsThis current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future plans of the company, the prospects for our mineral properties, and our ability to raise necessary working capital.

Actual results could differ from those projected in any forward-looking statements due to numerous factors, including the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the SEC.

Contact: Robert Reynolds (800) 709-1196 ir@firstlibertystrategic.com

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First Liberty Power Development Plans for Lithium Properties

Liberty Interactive Announces Final Redemption Payment on 3.25% Senior Exchangeable Debentures Due 2031

ENGLEWOOD, Colo.--(BUSINESS WIRE)--

Liberty Interactive LLC (Liberty), a subsidiary of Liberty Interactive Corporation (NASDAQ: LINTA/LINTB and LVNTA/LVNTB), announced the final redemption payment to the holders of its outstanding 3.25% Senior Exchangeable Debentures due 2031. Liberty previously announced that it would redeem the debentures in full on March 8, 2013. The debentures are attributed to the Liberty Ventures tracking stock group.

In connection with the redemption, Liberty elected to terminate the right of debenture holders, effective January 25, 2013, to exchange their debentures for the exchange market value of the reference shares attributable to the debentures. The reference shares attributable to each debenture consist of 9.2833 shares of Viacom class B common stock and 9.2833 shares of CBS Corporation common stock.

The redemption price for each outstanding debenture will be paid in cash, and equals the sum of (1) the adjusted principal amount of a debenture as of the redemption date, (2) accrued and unpaid interest on such debenture to but not including the redemption date and (3) any final period distribution on such debenture. Each debenture holder has received a notice providing the details of the redemption through the facilities of the Depositary Trust Company. The final amount to be paid per bond is as follows:

After the redemption, the company will have utilized $423.5 million of cash during the first quarter for the retirement of these debentures.

About Liberty Interactive LLC

Liberty Interactive LLC is a wholly owned subsidiary of Liberty Interactive Corporation and owns interests in a broad range of electronic retailing, media, communications, and entertainment businesses.

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Liberty Interactive Announces Final Redemption Payment on 3.25% Senior Exchangeable Debentures Due 2031

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