Daily Archives: June 7, 2012

Virginia AAA baseball tournament: Freedom-South Riding falls to Kellam after unusual interference call

Posted: June 7, 2012 at 4:15 am

Freedom-South Ridings dizzying season of firsts might have been done in by an odd play at third Wednesday night in a 3-2 loss to Kellam in the Virginia AAA baseball quarterfinals at Old Dominion University in Norfolk.

The Eagles had the potential tying run on third with one out in the top of the sixth, and Coach Jason Treon was about to send senior pinch runner Nick Plesce home on a one-out sacrifice fly to left. But Treon touched Plesce, an interference call that resulted in an automatic out that ended the inning.

It would have been bang-bang at the plate, Treon said. Nick went back to tag right away. I got a little too close communication-wise and got tangled up.

Freedom, the first Loudoun County team to advance to the state tournament, went down in order in the seventh.

We have a group of seven seniors who should be proud of themselves for helping put our program on the map, said Treon, whose team won the Cedar Run District regular season and tournament championships in its first year of AAA competition.

The Eagles (18-8) won nine straight games before ending their season with consecutive losses, to Hylton in the Northwest Region final and then to Kellam, a team they out-hit, 7-3.

Freedom took a 1-0 lead on the Eastern Region champions in the top of the first on an RBI double by junior Colin Dean. The Eagles squandered a leadoff double by senior Matt Malacane in the top of the fourth when he was retired at third on a sacrifice bunt, but they got another double by Malacane with one out in the sixth. Junior Zach Newell then walked and junior Kevin Dean singled to make it 3-2.

Kellam (25-2) advanced to face James River (19-7) in a state semifinal at 7 p.m. Friday at Westfield. Lake Braddock (24-3) and Hylton (21-4) will meet in a semifinal at 3 p.m. Friday.

The championship is at 3 p.m. Saturday at Westfield.

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Virginia AAA baseball tournament: Freedom-South Riding falls to Kellam after unusual interference call

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Liberty Property Trust Prices $400 Million Of 4.125% Senior Notes Due 2022

Posted: at 4:15 am

MALVERN, Pa., June 6, 2012 /PRNewswire/ --Liberty Property Trust (LRY), announced today that its limited partnership subsidiary, Liberty Property Limited Partnership, has priced $400 million aggregate principal amount of 4.125% senior unsecured notes due June 15, 2022. The 4.125% notes were priced to yield 4.149%. The offering is expected to close on June 11, 2012, subject to customary closing conditions.

The proceeds will be used to repay indebtedness outstanding under the Company's unsecured credit facility and for general corporate purposes.

This offering is being made pursuant to a prospectus supplement to the Company's base prospectus included in an automatic shelf registration statement initially filed with the Securities and Exchange Commission on May 5, 2011.

The offering may be made only by means of a prospectus supplement and accompanying prospectus. A copy of the prospectus supplement and prospectus relating to these securities may be obtained, when available, by contacting Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, toll free at (800) 831-9146 or at batprospectusdept@citi.com; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: High Grade Syndicate Desk, 3rd floor, telephone collect at (212) 834-4533, or UBS Securities LLC, Attn: Prospectus Specialist, 299 Park Avenue, New York, NY 10071 or by telephone at 877-827-6444, ext. 561 3884.

This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities, blue sky or other laws of any such state or other jurisdiction.

Liberty Property Trust (LRY) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 77 million square foot portfolio includes 650 properties providing office, distribution and light manufacturing facilities to 1,700 tenants.

The statements contained in this press release may include forward-looking statements within the meaning of the federal securities law. Although Liberty believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. As forward-looking statements, these statements involve risks, uncertainties and other factors that could cause actual results to differ materially from the expected results. These factors include, without limitation, the uncertainties affecting real estate businesses generally (such as entry into new leases, renewals of leases and dependence on tenants' business operations), risks relating to our ability to maintain and increase property occupancy and rental rates, the financial condition of tenants, the uncertainties of real estate development and construction activity, the costs and availability of financing, the effects of local economic and market conditions, regulatory changes, potential liability relative to environmental matters and other risks and uncertainties detailed in the company's filings with the Securities and Exchange Commission. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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Fun science at varsity camp

Posted: at 4:15 am

A summer camp conducted by the Jadavpur University science club has allowed students of several city schools to beat the heat by escaping into the world of physics, robotics and Vedic math.

Twenty-six students from schools like Loreto Convent, Don Bosco Park Circus, BD Memorial International School and Welland Gouldsmith School, Patuli, have joined the four-day summer camp, which ends on Thursday. Guardians are free to contribute whatever amount they want to the science club for letting their wards participate in the camp, where JU students from engineering streams like instrumentation, electronics, computer and mechanical tutored them on scientific concepts in innovative ways.

On Wednesday, the event convener, Amit Mishra of instrumentation technology, and his team of first, second and third-year students had the youngsters in thrall by demonstrating basic robotics.

We picked up robotics, as this area touches upon different spheres of engineering such as electronics, instrumentation and designing of power circuit chips. The kids took a keen interest in the robot race afterwards, said Mishra.

Now that I have learnt how to design robots, I will be able to build one myself, said Hriday Mullick, a Class VII student of BD Memorial International School.

We are awarding tasks to students, who have been divided into teams, under the guidance of a mentor,, said Bappa Mullick, president of Illuminati, the science club.

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WATCH: Russell Brand Goes Back To His Bad Boy Ways In New TV Show

Posted: at 4:15 am

Despite his fall from broadcasting grace in 2008 after Sachsgate, comedian Russell Brand has decided to mae a return to TV, with his new show, Brand X.

The show, which will air both in the US and the UK will see the British funnyman put his own spin on topics including current affairs, and celebrities. Speaking in a trailer for the show, which will be shown on FX in the US, Russell's new show will "tell the honest truth about what I feel about all sorts of thingscelebrity stuff, skulduggery, the Illuminati"

Joking about his accent, Russell, who presented the MTV Movie Awards over the weekend, added: "All of this in an accent you can barely understand."

The show, which will be shown on Sky Atlantic in the UK, will premiere on July 2.

Will you be tuning in?

Check out the promo clip!

Russell out and about in LA

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WATCH: Russell Brand Goes Back To His Bad Boy Ways In New TV Show

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Can You Yell 'Run' in a Crowded Bank?

Posted: at 4:13 am

Many states have laws on the books prohibiting anyone from making disparaging comments about a particular banks financial condition. This talk is thought to be outside free speech because rumors can trigger a bank run, but a recent ruling has some banks worried.

Many states have laws on the books prohibiting anyone from making disparaging comments about a particular banks financial condition. This sort of talk is thought to be outside free speech because just the slightest rumor can trigger a bank run. Of course, not much of a line needs to develop at the teller window for bankers to get nervous, because they dont keep much cash around to satisfy withdrawals. Depositor money is lent out or invested, or in the case of J.P. Morgan, used for speculating in London.

This is the institutional blog of the Ludwig von Mises Institute and many of its affiliated writers and scholars commenting on economic affairs of the day.

In California, theres been an anti-bank run law on the books since 1917 prohibiting a person from spreading false information about a banks condition. In this age of deposit insurance and the FDIC, the law hasnt been tested much. But along comes Robert Rogers, who as an ex-employee of Summit Bank posted a rant and rave on Craigslist, saying, I would suggest that anyone that banks at Summit Bank leave before they close.

Rogers, who served as the banks chief credit administrator and vice president, also took the opportunity to post what American Banker describes as vulgar comments about the banks chief executive officer and her son.

The bank sued Mr. Rogers for libel, to which the ex credit administrator countered that his speech was protected by the First Amendment. So, the lawyers for Summit pulled out a copy of the 1917 law and claimed his statements should not be considered free speech.

But the appeals court in a 30-page opinion said, We find section 1327 cannot be reconciled with modern constitutional requirements. The court went on to say, When analyzed under modern constitutional jurisprudence, the broad provisions of Financial Code section 1327, on their face, impermissibly sweep within their proscriptions speech that cannot be criminally punished.

The justices said the law is too vague and has too broad a reach, and said the law lacks a requirement included in other statutory restrictions on speech that a speakers statement be proven to be malicious, reports AB.

It is a criminal libel statute without a malice requirement, which is designed to prohibit speech based on its content, the court said. It fails to give persons of ordinary intelligence fair notice of what is forbidden. It sets no discernible limits on what types of speech can be criminalized, and, allowing such free range, it lends itself to arbitrary enforcement.

Of course bankers and their attorneys are troubled by the decision.

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