One Liberty Properties, Inc. Reports First Quarter 2012 Results

GREAT NECK, NY--(Marketwire -05/09/12)- One Liberty Properties, Inc. (OLP), an owner of a geographically diversified portfolio of retail, industrial, office and other properties primarily under long term leases in the United States, today announced operating results for the quarter ended March 31, 2012.

Patrick J. Callan, Jr., President and Chief Executive Officer of One Liberty, stated, "Our first quarter results represent year-over-year growth in rental income primarily driven by our success in capitalizing on investment opportunities in the past year. In the first quarter, we acquired four properties, continuing the pace of activity we achieved in 2011. Occupancy at the end of the quarter was at 97.6%. We continue to see a steady flow of compelling opportunities, using our network of relationships to further strengthen and grow our portfolio in the coming quarters."

Operating Results:

Revenues for the first quarter of 2012 increased 4.9% to $11.64 million compared to $11.1 million for the first quarter of 2011. The net increase is primarily attributable to the ten properties acquired beginning March 2011.

Total operating expenses for the first quarter of 2012 increased 12.3% to $5.21 million from $4.64 million for the first quarter in the prior year. Approximately $184,000 of the increase is attributable to increased depreciation resulting from property acquisitions and approximately $290,000 is attributable to increased general and administrative expenses, including the quarterly impact of a $125,000 quarterly increase (effective as of January 1, 2011) in the amount payable pursuant to the compensation and services agreement which increase was not reflected in the first quarter of 2011.

Net income attributable to One Liberty in the first quarter of 2012 was $3.22 million or $0.21 per diluted share compared to $2.73 million or $0.21 per diluted share in the first quarter of 2011.

For the quarter ended March 31, 2012, the Company reported Funds from Operations ("FFO") of $5.57 million, a 7.5% increase from the $5.18 million reported in the first quarter of 2011. FFO was $0.38 per diluted share in the first quarter of 2012 compared to $0.39 per diluted share in the corresponding period of the prior year. A reconciliation of GAAP amounts to non-GAAP amounts is presented with the financial information included later in this release.

The per share net income and FFO results for the three months ended March 31, 2012 take into account the issuance of 2.7 million shares in a public offering completed by the Company in February 2011, while the results for the corresponding period in the prior year only takes such shares into account for a portion of the first quarter of 2011.

Acquisitions:

During the first quarter of 2012, the Company acquired four properties for an aggregate of $9.8 million. The 2012 annual base rent of these properties is approximately $ 769,000.

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One Liberty Properties, Inc. Reports First Quarter 2012 Results

Liberty boosts SiriusXM stake above 45%

Having been stymied by the Federal Communications Commission last week in its gambit to take over Sirius XM Radio Inc., Liberty Media revealed its next move on Tuesday bumping up its stake in the companyto 45.2% from 40%.

Liberty's chief executive, Greg Maffei, told analysts in a conference call that his company had a contract in place to buy 302 million shares of SiriusXM for $650 million at $2.15 a share from undisclosed sellers.

The price represents a discount to SiriusXM's $2.17 closing price on Monday, prior to Liberty's announcement. SiriusXM lost 3 cents to $2.14 Tuesday after Maffei unveiled his move.

The two companies have been locked in a struggle for control since March, when Liberty started the high-stakes corporate chess match with a request to the FCC for control of the operating licenses SiriusXM needed to broadcast its satellite radio service. Liberty argued that its 40% ownership, along with five out of 13 seats on the board, meant it had "de facto" control of SiriusXM.

SiriusXM's chief executive, Mel Karmazin, strenuously objected, deriding Liberty's attempt as trying to convince regulators that "40 is the new 50." His point was that shareholders needed to have more than 50% of a company to call the shots.

It seems that Liberty's chairman, John Malone, heard the message loud and clear and is moving toward that magic 51% mark.

But why 45.2% as opposed to 51%? Would that change the commissioners' minds at the FCC, should Liberty choose to exercise its option to amend its request to regulators by June 4?

Here's Maffei's answer to those questions, which were posed to him during the earnings call with analysts:

"We thought it was attractive financially and because we thought it increased some of our options.... As far as de facto control, my layman's understanding would be we have a certain series of rights by contract with SiriusXM. To be able to fully exercise those rights freely, we need to have de facto control approved by the FCC. And as far as changing our application, I think there are host of things, actions we might take including this action we have taken, which will have bearing on our application and we'll weigh those, as we said, over the next 30 days and decide how to amend."

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Liberty boosts SiriusXM stake above 45%

Liberty Rocket Targets 2015

LOS ANGELES The aerospace company that built the solid rocket boosters for NASA's space shuttle fleet announced plans Tuesday to develop its own private launch system a spaceship and rocket to fly astronauts to and from low-Earth orbit. The first manned flight could launch in about three years, company officials said.

Utah-based Alliant Techsystems, or ATK, announced the new project here at the first Spacecraft Technology Expo, where thousands of government and industry officials have gathered to discuss innovative new technologies and the future of human spaceflight.

ATK had already been working on a new private rocket, called Liberty, which it submitted as a contender in the second round of NASA's Commercial Crew Development program last year. Ultimately, the Liberty rocket was not selected to receive funding, but ATK continued development of the booster under an unfunded Space Act Agreement with NASA. As part of this arrangement, NASA shares its expertise in designing and testing the rocket but does not provide money for the project.

Now, ATK has unveiled plans for a complete launch system centered around the Liberty rocket. The design includes a space capsule to carry passengers to destinations in low-Earth orbit, such as the International Space Station, said Kent Rominger, vice president and program manager for Liberty.

"The goal is to provide a new launch capability for the nation," Rominger told SPACE.com. "The vehicle is designed to be very, very simple, and inherently more safe and reliable. We really believe the whole system is designed for success." [Photos: ATK's Liberty Rocket and Capsule]

Introducing the Liberty system

The spacecraft will be able to carry seven passengers, or various combinations of crew and cargo. ATK also hopes to provide launch services for U.S. government satellites eventually, Rominger said.

The composite crew module was built by ATK at its Iuka, Miss., facility as part of an earlier NASA program headed by the agency's Langley Research Center in Hampton, Va. from 2007 to 2010. The program aimed to assess whether composite materials were a viable alternative to aluminum lithium on NASA's Orion Multi-Purpose Crew Vehicle, which is being built for future manned exploration flights to deep space.

"For Liberty, it made a huge amount of sense since composites were one of our competencies," Rominger said. "We wanted to pull in all the supplies and leverage all the work that has already gone into the system."

The look of the capsule will be similar to the Orion capsule, except it will only perform flights to and from low-Earth orbit. The capsule, which will land over water, will be reusable up to 10 times, Rominger said.

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Liberty Rocket Targets 2015

Candidates Look to Super Tuesday

Tomorrow is "Super Tuesday" in what has to rank as one of the most unpredictable Republican nomination battles. Over the course of the campaign, the lead (at least in polls) has been held by Michele Bachmann, Rick Perry, Herman Cain, Rick Santorum and Mitt Romney. While the race may or may not be decided tomorrow, one thing is certain: A lot more votes will have been cast.

The 10 states due to vote are Alaska, Georgia, Idaho, Massachusetts, North Dakota, Ohio, Oklahoma, Tennessee, Vermont and Virginia.

Alaska (27 delegates) will have a caucus. Alaska does not appear to have been polled. In the past, Paul has done well in caucus states. Georgia (76 delegates) will have a primary. A recent poll by Public Policy Polling shows Gingrich with 47 percent, Romney 24, Santorum 19 and Paul 8. This is Gingrich's home state, and he should win here.

Idaho (32 delegates) will have caucuses. It has not been polled recently. While the fact that it is a highly conservative state might seem to favor Santorum, the fact that it has large Mormon population might favor Romney. Further, Paul's brand of libertarianism might also appeal here.

Massachusetts (41 delegates) has a primary. This is Romney's home state and a poll from February shows him winning easily with 64 percent.

North Dakota (28 delegates) has a caucus. There are no recent polls. Paul may do well here.

Ohio (66 delegates) has a primary. The race here is very close. The latest poll shows Romney with 37 percent to Santorum's 36, Gingrich 15 and Paul 11.

Oklahoma (43 delegates) has a primary. In the latest poll, Santorum is far ahead, with 37 percent to 26 for Romney, 22 for Gingrich and 9 for Paul.

Tennessee (58 delegates) has a primary. Recent polling shows Santorum leadaing with 34 percent to Romney's 29 percent, Gingrich's 27 and Paul's 8

Vermont (17 delegates) has a primary; there appear to be no polls, but Romney should win easily, as he is from neighboring Massachusetts.

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Candidates Look to Super Tuesday

Lugar's Loss – And Ours

Sen. Richard Lugar did not merely lose his primary contest last night. He got thumped. Richard Mourdock took 60.6% of the vote in the Hoosier state to Lugars 39.4%. In all of his previous contests, Lugar has taken more than two-thirds of the vote. Six years ago, the Democrats did not even field a candidate against him. This is not your grandfathers Republican Party.

Lugar joins former Senator Robert Bennett from Utah and former Congressman (and odds-on favorite to become a Senator) Mike Castle of Delaware in the list of those mainstream Republican candidates who were retired by their own party which has swung hard to the right. Some have given up trying, like Maines Senator Olympia Snowe, recognizing that even if you manage to win, your Republican caucus in the Senate is going to be sufficiently filled with fire-breathers, enabled by those whose Machiavellian instinct to worry most about obstructing ones political opponents no matter what the cost, that what was once a rewarding job, reaching consensus in ways that benefit the nation, is no longer worth the effort.

Ronald Reagan used to tell the joke that in his administration, sometimes the signals got crossed because the right hand doesnt know what the far-right hand is doing. Unfortunately, what was once a joke is now a reality and the far-right hand is not shy about letting the whole world know what it is doing. It is enforcing a narrow orthodoxy from within, castigating and casting out those who are deemed RINOs Republicans In Name Only. Mind you, by most standards, Dick Lugar was no moderate. His voting record was quite consistently conservative. But, his fault his most grievous fault was to believe that, say, the Senate should not obstruct a presidents nominees to the Supreme Court or the Cabinet unless, in its exercise of its constitutional authority to confirm nominees, the Senate uncovers something professionally disqualifying in a nominee. Lugar had voted to confirm both Sonya Sotomayor and Elena Kagan, neither of whom strike most court observers as extreme or unfit, even if you may disagree with their views. These votes were held against Lugar. And, Lugar also was one of the Senates strongest advocates for a bipartisan foreign policy, consistently working across the aisle to make sure that U.S. political divisions ended at the waters edge. It goes without saying that this inclination to craft a bipartisan foreign policy has served the nation very well for very many years.

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Republicans on the airwaves last night were saying that the Indiana results do not show a party running off the rails, that Lugar had grown out of touch with his constituents, that the result had more to do with local political considerations than any national trend lines within the contemporary GOP. Lugar was old, after all, although that is an odd charge to lay against someone who is seated in a body called the Senate. But, a twenty point margin within ones own party is a stunning fact, one not easily explained by such parochial concerns, concerns which have never harmed Lugar in the past. If his case was a one-off, if it had not been preceded by Christine ODonnells victory over Castle and Mike Lee and Tim Bridgewaters besting of Bennett at the Utah Republican Convention. (Lee went on to win the primary and the general election and is now Utahs junior senator. ODonnell, mercifully, has faded into political oblivion.)

It is strange to reflect that the founding fathers did not foresee the role that political parties would play in our nations political life. Indeed, they were very anxious to avoid such an outcome. Yet, from the very start, parties emerged, first within the Cabinet of our first president and subsequently at the polls. For most of the intervening years, the competition between the parties has served as a check on the power of any one part of the government to exercise too much power over the whole of government, and, consequently, to keep the governed safe from their own governors. There have been times when the parties were sharply divided over ideology, indeed, the Republican Party was founded on very ideological, and very correct, grounds regarding the extension of slavery. We forget how fierce the ideological arguments of the 1930s were, but they were fierce and the issues then engaged continue to mark our political divides. There is always in politics, and in other spheres of life, a pendulum effect, and we can only hope that todays GOP is reaching the end of its swing to the right and will soon start to swing back to the center. But, is that hope sustainable? 13 Republican senators are up for re-election in 2014. You can easily conclude how last nights results will affect their votes in the future. If they must spend the next two years looking over the right shoulder, they will not be able to look ahead. Certainly, people like Sen. Lindsay Graham took note of last nights results.

America needs our political parties to be robust, intellectually serious, balancing their commitment to their worldview with the pragmatism our system of divided powers requires. We do not have the kind of parliamentary system that could adjust itself to changing tides and, in the face of urgent national tasks, form a government in the center, as Israels parliament just did, isolating the extreme parties from the actual decision-making. Instead, the extremes of both parties can hold the whole of their party hostage. Among the Democrats, it is the libertarian lifestylists NARAL, NOW, the Human Rights Campaign Fund all of which have deep pockets, that can hold the Democrats hostage. Among the Republicans, it is the libertarian economic folks, with their hatred of government, that can run their party of the rails. In both instances, it is the libertarian sensibility that is at fault and, frankly, I am not sure how to confront it.

But, I am sure, that the third person most affected by last nights results in Indiana is the kind of person who can confront it. Congressman Joe Donnelly, who was not opposed in the Democratic Senate primary and will face Mourdock in November, is a pro-life Democrat. He has already stared down the libertarians of the left. He was one of the few conservative Democrats who voted for the Affordable Care Act and yet was able to hold on to his seat during the 2010 GOP tsunami. (This contrasts with Mourdock who has run for Congress three times and lost every time.) Indiana will not be an easy win for a Democrat in 2012. No one expects President Obama to repeat his 2008 win in the state. But, there is a chance and, in the event, those 39.4% of the GOP electorate who voted for Lugar, to the extent that they warmed to Lugars repeated emphasis on the need for senators willingly to work across the aisle, might be people more inclined to tilt towards Donnelly than Mourdock come November. Certainly, had Lugar won, Democrats would have heavily discounted their chances for a pick-up in the Hoosier state. Now, they see the possibility of a win.

In the 1980s, it was the Democrats who were careening out of control. Now, it is the Republicans. The careening, then and now, was never complete. After all, Mike Dukakis was hardly a liberal firebrand and Mitt Romney did win the GOP presidential nomination, not Rick Santorum. The danger is that in smaller, low turnout races, a determined corps of ideologues, backed with the now untraceable monies of the SuperPACs, can tilt the playing field their way and snatch a victory even though the majority of voters do not favor extremism. Whoever wins the presidency in November is going to face a Congress filled with men and women too worried about their base to move to the center. A national calamity, God forbid, could reshuffle the political dynamics, or some unforeseen new idea could alter the political landscape in ways that permit compromise, the way that rising productivity and new business opportunities spawned in the 1990s allowed Democrats and Republicans to work together distributing the new cash to programs the Democrats cherished while paying down the federal debt as Republicans desired. But, until both parties are willing to confront the cancer of libertarianism that afflicts them, it is not easy to muster hope for the future.

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Lugar's Loss - And Ours

The days of a smaller federal government are coming

Over the course of the past few years, I have come to believe that today's young Americans are more conservative than their elders. I think this applies to younger people who don't even identify with conservatism, the Republican Party, or even politics in general.

Renowned pollster John Zogby has confirmed what I have long suspected. In an article in Forbes about what he calls First Globals (18-29 year olds), Zogby writes: "On some key issues, majorities of First Globals are not doctrinaire liberals. The poll found less than majorities agree with liberals on some of their most cherished beliefs. For example: 44 percent agree health insurance is a right government should provide for those who can't afford it, 43 percent agree with the same statement about food and shelter, 37 percent agree government should spend more to reduce poverty, 20 percent agree government spending is an effective way to economic growth."

It's no secret that many young voters who turned out for Obama in 2008 have since soured on his presidency. But these numbers show they might be souring on the overall big-government agenda that has long characterized the Democratic Party. Interestingly, young Americans also reject the big-government aspects of today's Republican Party. Zogby writes: "Lest Republicans get too giddy at those findings, they should also know less than majorities agree with these conservative and neo-con ideals: 22 percent agree it's sometimes necessary to attack potentially hostile countries rather than waiting until we are attacked, 23 percent are willing to give up some personal freedoms for the sake of national security, 39 percent agree cutting taxes is an effective route to economic growth." He adds, "21 percent agree religious values should play an important role in government, and 25 percent agree homosexuality is morally wrong."

Today, there are many factions and coalitions that make up the contemporary conservative movement. But few would disagree that the Barry Goldwater-Ronald Reagan notion of small government and constitutional fidelity has long been the primary core of American conservatism. Goldwater has always been a hero to libertarians, a figure that Fox News' Judge Andrew Napolitano even calls the father of the American libertarianism. Even the Gipper himself once famously proclaimed his devotion to the libertarian movement, saying, "If you analyze it, I believe the very heart and soul of conservatism is libertarianism."

As you know, I'm a traditional conservative who often gets labeled a libertarian because I defend and promote libertarian heroes and ideals. This is in part because I agree with libertarians on most issues, but also because the conservative movement has been effectively neutered for decades because of the complete absence of a libertarian influence within the Republican Party.

Social conservatives and neoconservatives, the latter being primarily concerned with maintaining a hawkish foreign policy above all else, dominated the party during the George W. Bush years. Reagan believed conservatism was a three-legged stool consisting of religious, economic-libertarian, and national security factions. Under Bush, there was no economic-libertarian conservatism. It was non-existent. As long as Republicans were pro-life, anti-gay marriage, and enthusiastic about every war our government waged, this was enough to be a "conservative" for most of the last decade. Today's conservative youth are not conventional Republicans, but they are aligned with traditional conservatism.

Religious conservatives and neoconservatives have been important and influential factions on the American Right. The GOP is just as responsible for this nation's massive federal growth as the Democrats because of the Republican Party's lack of libertarian principles. In 2008, the youth turned out in record numbers for Obama because, in large part, they rejected Bush and contemporary conservatism. Today, many of them now reject Obama, as well as both political parties.

So where do they turn? There is no easy answer. Noting trends similar to those Zogby cites, CNN's Timothy Stanley writes: "The GOP can no longer ignore its libertarian 'fringe.' On the contrary, it will have to reach out to a new generation of activists who don't regard religious piety or continual warfare as sacred tenets of conservatism," Stanley adds. "Whatever happens in 2012, we are living through a significant moment in the history of conservatism."

We might also be living through conservatism's rebirth. It is a clich to look at young people and say you fear for the future. I, on the other hand, can't wait for it.

Jack Hunter assisted Sen. Jim DeMint with his latest book, Now or Never: Saving America From Economic Collapse. He is also the official campaign blogger for GOP presidential candidate Ron Paul, and he co-wrote Rand Paul's The Tea Party Goes to Washington. You can hear Southern Avenger commentaries on The Morning Buzz on 1250 WTMA.

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The days of a smaller federal government are coming

Libertarian weekend In Reno and Las Vegas, a third way advances.

Keegan Steele adds more stock to a sales rack of Romney buttons at the Nevada Republican Convention. His brother Collin also worked the booth.

PHOTO BYDENNIS MYERS

In the latest New York Times tally, Mitt Romney has 847 national convention delegates, more than three times as many as his nearest competitor, Rick Santorum, and about 11 times as many as Ron Paul, who is in fourth place with 80 delegates. Romney is just 115 delegates short of the nomination. There are 117 unelected superdelegates, 40 of whom already support Romney and 71 who have not yet committed. Paul has one unelected delegate.

The Republican state convention in Sparks was dominated by the passionate followers of the presidential candidate who came in third in the Feb. 4 GOP caucuses.

It was a settling of scores that was four years in the making, prompted by Republican leaders in 2008 who suddenly adjourned that years state convention to avert a similar takeover by the same faction.

After the February caucuses, which began this years process, supporters of libertarian Ron Paulwho received just 18.7 percent of the caucuses votedid a better job of getting his people first to the county conventions and then to the state convention than did the supporters of Mitt Romney, who won the caucuses with 50.1 percent of the vote.

Last weekend, it all came together as Paul won in convention the victory he could not win in the caucuses. The Paulists easily unseated two of Nevadas three members of the Republican National CommitteeRobert List and Heidi Smithand swept all 22 elected national convention delegate seats.

While perennial presidential candidate Paul was triumphing in Sparks, at the other end of Nevada, at the Red Rock Resort in Las Vegas, the Libertarian National Convention was also meeting to choose its presidential nominee.

Many members of the Libertarian Party view Paulist libertarians in the GOP the way science fiction fans regard Trekkies. But they also see the Paulists as potential backers if the Republican Party mistreats them, as happened in 2008.

In that year, when the Paulists won control of the Nevada Republican Convention and were poised to elect a Ron Paul delegation to the national convention, party leaders who feared embarrassment to Romneywho had also won that years caucusesand to expected nominee John McCain called off the state convention halfway through and chose national delegates later in a party committee.

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Libertarian weekend In Reno and Las Vegas, a third way advances.

Libertarian Gary Johnson: Spoiler Alert?

by Gene Healy

Gene Healy is a vice president at the Cato Institute and the author of The Cult of the Presidency: America's Dangerous Devotion to Executive Power.

Added to cato.org on May 8, 2012

This article appeared in The DC Examiner on May 8, 2012.

As a small-"l" libertarian, it's not often I can say that National Public Radio cheers me up on my way into work. But it did the trick yesterday morning with an All Things Considered feature titled "Libertarians Find Their Voice in 2012 Race."

"Somewhere on the path to the White House this year," the announcer declared, "a powerful set of ideas began to creep into the mainstream debate over which direction the country will take. ... free and open markets and extremely limited government. Those ideals are now becoming more mainstream." Case in point, according to NPR, was the Libertarian Party's decision Saturday to make former Republican Gov. Gary Johnson of New Mexico its nominee for president.

When the federally funded voice of urbane, upper-middle class liberalism says we're on the verge of a "libertarian moment," that's what the lawyers call an "admission against interest," and it's worth paying attention.

[T]o be a libertarian is to be eternally fractious and dissatisfied, refusing to take yes for an answer.

Watching the Libertarian Party over the years, I've sometimes had the feeling that, as George Bernard Shaw once snarked about socialism, "we should have had libertarianism already, but for the Libertarians."

In 2004, the LP's presidential standard-bearer was Michael Badnarik, a freelance constitutional lecturer who taught that the federal income tax was optional and refused to obtain a drivers' license despite campaigning by car. In 2006, the Montana LP nominated 67-year-old Stan Jones for the U.S. Senate. Because of his odd pallor, Jones quickly became known as "the blue guy." A survivalist who in the 1990s was worried about the impending Y2K crisis, Jones began taking a homemade antibiotic laced with collodial silver that permanently changed his complexion ("a true blue libertarian," the Washington Post called him). This weekend's LP convention, televised on C-Span, was a relatively buttoned-down affair, with most of the delegates in suits (though the irrepressible, omnipresent Starchild, libertarian activist and male exotic dancer, opted for a bare-midriff miniskirt number).

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Libertarian Gary Johnson: Spoiler Alert?

Libertarian VP pick: Former O.C. Judge Gray

Libertarian V.P. pick: Former O.C. Judge Gray May 8th, 2012, 12:39 pm posted by Martin Wisckol, Politics reporter

Jim Gray

Gary Johnson got the expected nod as the Libertarian Party presidential nominee while longtime drug reform activist and retired Orange County Superior Court Judge Jim Gray was confirmed as Johnsons running mate at the partys convention last weekend in Las Vegas.

Johnson said he expects to be the only third-party ticket on the ballot in all 50 states. But the former New Mexico governor, who started the election cycle as a Republican presidential candidate, has rebutted the suggestion he could cost Mitt Romney close states.

You know, all of those Romney supporters that are ardent marriage-equality advocates?, Johnson, who favors legalization of gay marriage, told the Daily Caller. All those pot smokers that are for Romney? Nah, I dont buy it.

Gray, whom Johnson had previously mentioned as his preferred running mate, is hardly new to the political arena himself.

Gray ran as a Republican for the House of Representatives in 1998, losing in the primary as Bob Dornan advanced to the general but failed to win back his seat from Loretta Sanchez. Gray ran as a Libertarian for U.S. Senate in 2004 and helped lead the failed 2010 campaign for Proposition 19, which would have legalized marijuana for recreational use in California.

Johnson also supports legalized marijuana, but his differences from Romney and Barack Obama hardly end there. He attacks both for not being what they say they are criticizing Romneys plan to cut the budget as unrealistic given his spending priorities and criticizing Obama on civil liberties.

Marriage equality, getting out of the wars, getting out of Afghanistan he doubled down on Afghanistan drug reform, signing the National Defense Authorization Act with the caveat that now you and I as U.S. citizens can now be detained without being charged, he said in a New York Times Q&A.

He says his positions are similar to those of Ron Paul, noting that Pauls support has doubled since two years ago.

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Libertarian VP pick: Former O.C. Judge Gray

Dougherty: Not afraid of failing after losing card

SANTO DA SERRA, Madeira Islands (AP) Ryder Cup golfer Nick Dougherty returns from a six-week absence from competition looking forward to the birth of his first child and playing without a fear of failure.

Dougherty is among four former Ryder Cup players and six former champions competing Thursday in the Madeira Islands Open.

It is only Dougherty's third event this season after competing in two Challenge Tour events, capped by a tie for fourth in the Colombia Classic in March. He's lost all playing rights on the European Tour, where he's won three times, so he's concentrating on the Challenge Tour.

''It's been a long time since I can say I am looking forward to my golf as I just punished myself so hard trying to hold onto my main European Tour card,'' he said after Wednesday's pro-am. ''I just didn't want to go out and play but I had to. Then when I did, I played absolutely horrible. Now if I don't play well, then it's not going to get me down.''

He won't compete in the BMW PGA Championship on May 24, his 30th birthday. It's a tournament he's played every year since 2002.

''I am looking to build back my confidence, and if I manage to win back my European Tour card, then well and good,'' he said. ''If not, I will stick out here on the Challenge Tour. There's just not the intensity or the hype around the main tour.''

Dougherty married former TV presenter Di Stewart in 2010 at St. Andrews and the couple expects their first child, a boy, in August.

''I can't wait to become a father and Di and I are so much looking forward to the birth,'' he said. ''She's here with me this week and that's great.''

Others in the field include former Ryder Cup players Phil Price, Niclas Fasth, Oliver Wilson and Jarmo Sandelin.

The former Madeira Islands winners who will tee up are Spain's Santiago Luna (1995), Sandelin (1996), Fasth (2000), Welshman Bradley Dredge (2003), Argentina's Daniel Vancsik (2007) and Scotland's Alastair Forsyth (2008).

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Dougherty: Not afraid of failing after losing card

Orkin Establishes Franchise in Turks and Caicos Islands

ATLANTA, May 8, 2012 /PRNewswire/ --Rollins Inc., a nationwide consumer services company (ROL), announced today that the company, through its wholly-owned subsidiary Orkin, has established the company's 21st international franchise in the Turks and Caicos Islands in the Caribbean.

"Orkin continues to expand internationally with Orkin Turks and Caicos, our third international franchise this year," said Tom Luczynski, Orkin vice president of U.S. and international development and franchising. "The tropical, moist weather conditions create unique pest challenges, and we are pleased to bring Orkin's quality services to the area and expand our presence in the Caribbean."

Orkin Turks and Caicos will offer commercial pest control, focusing mainly on the hospitality sector located there. The franchise owners are Ben and Bradley Walkin. Ben Walkin is the owner of Walkin Diversified Services on the island. Bradley Walkin will be the general manager of the franchise and will travel to Atlanta, Orkin's U.S. headquarters, for initial training at the company's award-winning training center later this month.

In the region, Orkin has operations in Puerto Rico and the Virgin Islands and franchise operations in Jamaica, the Dominican Republic and Central America.

About Orkin, LLC

Founded in 1901, Atlanta-based Orkin is an industry leader in essential pest control services and protection against termite damage, rodents and insects in the United States, Canada, Europe, Central America, the Middle East, the Caribbean, Asia, the Mediterranean, Africa and Mexico. With more than 400 locations, Orkin's almost 8,000 employees serve approximately 1.7 million customers. The company serves homeowners and numerous industries, including food and beverage processing, foodservice, hospitality, healthcare, retail, warehousing, property/facilities management, schools and institutions. Orkin is proud to be recognized by the National Pest Management Association as a QualityPro and GreenPro-certified company, addressing not only our customer's pest control needs, but also their concern for protecting the environment. Learn more about Orkin at http://orkin.com. Orkin is a wholly-owned subsidiary of Rollins Inc. (ROL).

About Rollins

Rollins Inc. is a premier North American consumer and commercial services company. Through its wholly owned subsidiaries, Orkin LLC, Orkin Canada, HomeTeam Pest Defense, Western Pest Services, The Industrial Fumigant Company, Waltham Services LLC, Crane Pest Control and Trutech LLC, the company provides essential pest control services and protection against termite damage, rodents and insects to more than 2 million customers in the United States, Canada, Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa and Mexico from more than 500 locations. You can learn more about our subsidiaries by visiting our web sites at http://orkin.com, http://orkincanada.ca, http://pestdefense.com, http://westernpest.com, http://indfumco.com, http://walthamservices.com, http://cranepestcontrol.com, http://trutechinc.com and http://rollins.com. You can also find this and other news releases at http://rollins.com by accessing the news releases button.

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Orkin Establishes Franchise in Turks and Caicos Islands

Research and Markets: 4Q11 Faroe Islands Mobile Operator Forecast, 2012 – 2015: Faroe Islands to have over 63,000 …

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/t3lv74/4q11_faroe_islands) has announced the addition of IE Market Research Corp.'s new report "4Q11 Faroe Islands Mobile Operator Forecast, 2012 - 2015: Faroe Islands to have over 63,000 mobile subscriber connections in 2015" to their offering.

Mobile Operator Forecast on the Faroe Islands (a constituent country of the Kingdom of Denmark) provides key metrics for the country's wireless market. The forecast is based on proprietary, country-specific forecasting models. These models deploy multiple regression analysis and cross-impact matrices that estimate relationships between subscriber data, technology use and deployment data, overall economic and demographic changes expected in a particular country; and relate these to company operational and financial metrics.

Companies Covered:

- Faroese Telecom (Froya Tele)

- Vodafone Faroe Islands (Vodafone Group Plc)

Topics Covered:

Annual Results & Forecasts for each of the above operators is covered in this report for: CY 2001-CY 2015.

Quarterly Results & Forecasts are covered for: March 2003 - December 2013

- Prepaid And Postpaid Subscribers

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Research and Markets: 4Q11 Faroe Islands Mobile Operator Forecast, 2012 - 2015: Faroe Islands to have over 63,000 ...

Research and Markets: 4Q11 Falkland Islands Mobile Operator Forecast, 2012 – 2015: Cable & Wireless Falkland Islands …

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/ftt6sq/4q11_falkland_isla) has announced the addition of IE Market Research Corp.'s new report "4Q11 Falkland Islands Mobile Operator Forecast, 2012 - 2015: Cable & Wireless Falkland Islands to have 4,600 mobile subscriber connections in 2015" to their offering.

Mobile Operator Forecast on the Falkland Islands provides key operational metrics for the Falkland Islands wireless market and is one of the best forecasts in the industry.

The mobile network operator covered for the Falkland Islands is Cable & Wireless Falkland Islands.

This Mobile Operator Forecast is based on proprietary, country-specific forecasting models. These models deploy multiple regression analysis and cross-impact matrices that estimate relationships between subscriber data, technology use and deployment data, overall economic and demographic changes expected in a particular country; and relate these to company operational and financial metrics.

Topics Covered:

Annual Results & Forecasts for each of the above operators is covered in this report for: CY 2001-CY 2015.

Quarterly Results & Forecasts are covered for: March 2003 - December 2013

- Prepaid And Postpaid Subscribers

- Subscriber Growth (Yoy)

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Research and Markets: 4Q11 Falkland Islands Mobile Operator Forecast, 2012 - 2015: Cable & Wireless Falkland Islands ...