Daily Archives: August 7, 2012

A critical time for freedom

Posted: August 7, 2012 at 5:16 pm

A critical time for freedom

A Freedom of Information Act is pending in Parliament, and this week may be a critical time for it. Some voices in the government oppose the bill, which is no surprise. Governments everywhere love secrecy. Too often, public officials regard their offices as private possessions and forget they merely hold those offices in trust for the public.The same is true of government information. Some officials treat it as personal information, but it should be available to the public, with few exceptions. The exceptions in freedom-of-information laws are critical to their passage, enforcement and effectiveness. Some critics of Botswana's proposed law want absolute exceptions, to prohibit any release of certain categories of information, or to exempt entire parts of the government from the law. This would be unwise, in my view. The best freedom-of-information laws have strong, clear principles but enough flexibility to allow release of information that is in the public interest.

The term "public interest" has also drawn complaints that it is not defined in the bill, and thus would generate litigation. These critics do not appear to understand how good freedom-of-information laws work. They almost always involve a balancing of interests: citizens' right to know how government is working (or not working) on their behalf; the personal privacy interests of individuals; and the government's need for secrecy in a few, limited areas such as national security. There is public interest in all of these, and trying to define it in a statute would be problematic, like saying how many angels can dance on the head of a pin.

The courts, and administrative offices that hear appeals short of court action, generally do a good job of sorting out and balancing these interests, and defining the public interest case by case. No law can be completely definitive, and one that revolves around definitions of the public interest needs an independent adjudicator who can rule quickly with little expense to the litigants. That appears to be the case in Botswana with the independent Information Commission that the Freedom of Information Act would create.

Some say Botswana needs a data-protection act before a Freedom of Information Act, but that would put the cart before the horse. The law of privacy, which is primarily a personal interest, should be subsidiary to information law, which is primarily a public interest - making government effective and responsive to the citizens. The Freedom of Information Act would protect privacy with an exemption for "unreasonable disclosure of personal information of any individual."

The Information Commission and the High Court would ultimately have to define "unreasonable," and Parliament would be free to further define it. That's the way such laws work in the state and federal governments of the US In my home state of Kentucky, the exemption is somewhat narrower, for "a clearly unwarranted invasion of personal privacy." Our law also clearly states its basic policy: "Free and open examination of public records is in the public interest, and the exceptions ... shall be strictly construed, even though such examination may cause inconvenience or embarrassment to public officials or others." Parliament may wish to consider such language, to help guide the Commission and the High Court. Finally, some critics of the law say it is poorly drafted and not up to "international best practices," but the examples they cite are weak and flimsy, and as far as I know there are no generally accepted international standards for such laws. One reason: They are always evolving, as individual cases define their reach and application. It is impossible to define every exemption in "precise and unequivocal terms," as one critic inside the government wrote last year.

Laws are not written in stone. They can be amended, and they are interpreted by case law. No law can be perfectly drafted, and parliaments should not make the perfect the enemy of the good. Georges Clemenceau, the French journalist and prime minister, once said "War is too serious a matter to entrust to military men." Government information is too important to entrust to the government. And that is especially true in a country where government controls 80 percent of the economy. No government in the world is immune to corruption, and with this government so intertwined with the economy, Botswana seems to have more than the usual need for a Freedom of Information Act. The act would give citizens and journalists the tools to do the job they are supposed to do: cast informed votes; hold officials, ministries and institutions accountable for their performance; and keep the people informed so they are prepared to make the choices they are called upon to make in a democratic republic. Other countries have recognised this, many for a long time. One of the more recent laws was passed in the United Kingdom, and it helped lead to the recent change in government. Using the law, a reporter researched the spending by the offices of members of Parliament and found that much taxpayer money was going to PMs' private benefit. That led to the resignation of the speaker of the House of Commons and helped defeat his Labour Party in the last election.

As a long-time political reporter in the US, I enjoyed meeting with party and government officials on my visits to Botswana and Zambia. I believe the fundamentals of government and politics are pretty much the same in most democracies. Public officials and politicians want to do the right things to help the citizens, but their own political agendas can get in the way, and citizens need the tools to hold them accountable. That's why democracies need strong freedom-of-information laws that are easy for citizens to use, and to help them speak truth to power.

* Al Cross is director of the Institute for Rural Journalism and Community Issues, based at the University of Kentucky, and an associate professor in the university's School of Journalism and Telecommunications. He was president of the Society of Professional Journalists in 2001-02, is chair of its Government Relations Committee, and is a former member of its Ethics and International committees.

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A critical time for freedom

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Liberty Energy Adds Acreage in Texas County

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Liberty Energy Corp. revealed further details on its newly acquired acreage in Eastland County, Texas. The 112 acre lease is located within Eastland County, approximately 80 miles west of Fort Worth, Texas.

The Company has confirmed that there are two major producing reservoirs that are widespread within this area. The first, Marble Falls, a prolific oil and gas producing reservoir with production being generated from several channel sands found within this Lower Pennsylvanian formation. The second, Mississippian-Duffer limestone, predominantly produces gas with some oil shows. The Duffer formation lies unconformably below the Marble Falls formation. Both zones are widespread in Eastland County and have been highly productive throughout Texas Railroad Commission District 7B.

The (Mississippian) Barnet Shale is also present in this area. Although its thickness is limited to approximately 50 feet in this area, this geological structure is among the most prolific oil and gas producing areas of Texas. This shale underlies the Duffer Limestone, and is thought to be a source for much of the hydrocarbon found in the reservoirs above.

The Bend Arch has had a significant effect on the Barnett Shale regarding its burial history and geo-thermal makeup. The Bend Arch-Fort Worth Basin Province resulted in estimated means of 26.7 trillion cubic feet of gas (TCFG), 98.5 million barrels of oil (MMBO), and a mean of 1.1 billion barrels of natural gas liquids (BBNGL).3 Nearly all of the undiscovered gas resource (98 percent, or 26.2 TCFG) is considered to be in continuous accumulations of non-associated gas trapped in strata of two of the three Mississippian-age Barnett Shale AUs of the Barnett-Paleozoic TPS.4 The third AU within this TPS, the Hypothetical Basin-Arch Barnett Shale Oil AU, has not yet been quantitatively assessed because of a lack of data. The Barnett-Paleozoic TPS is estimated to contain a mean of 409.2 BCFG of conventional gas, or about 88 percent of all undiscovered conventional gas, and about 64.6 MMB of conventional oil, or about 65 percent of all undiscovered oil in the Bend Arch-Fort Worth Basin Province.

"We are extremely pleased to have secured this lease which is situated in the heart of existing oil and natural gas fields. This is a formation that has been consistently produced by majors for years including Devon Energy, Chesapeak Energy and ConocoPhillips. We intend to extensively study the surrounding fields and formations in which oil and natural gas have been recovered. We then intend to initiate a detailed geological study of the acreage that will determine how we further develop the property," commented Ian Spowart, CEO of Liberty Energy Corp.

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First Liberty Power Corp. Announces Implementation of New Communication Program

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LAS VEGAS, Aug. 7, 2012 /PRNewswire/ --First Liberty Power Corp. (FLPC) (the "Company") is pleased to announce that it has launched a new communication program with the goal of ensuring much more effective and timely sharing of information with our shareholders.

First Liberty Power is entering into an exciting period of expansion and growth. The Company has been working diligently and remains focused on its commitment to keep shareholders up to date with corporate events. It is with great pride that we announces the installation of a new communications department which will open up the lines of communication and ensure the timely distribution of Company news while responding effectively to shareholder inquiries.

The Company's Investor Relations direct number is (800) 709-1196, and the direct email contact point is IR@firstlibertypower.com. To achieve an enhanced dialogue, the Company will unveil its new corporate website later this month, which will be supported with various social media platforms. You will be able to find a great deal of updated and current content on this new site, including company reports and industry news, along with the day-to-day insight and communication with other valued shareholders.

CEO Don Nicholson reinforced the importance of this department by stating that since becoming a part of the Company, he has placed great importance in having an open and transparent organization. Mr. Nicholson further stated, "As our Company expands, it is vitally important to increase the level of communication with our current valued shareholders and future investors. Improved communications and transparency are one of the main focal points for the Board of Directors and me. This will ensure that news is delivered efficiently and that there is an open dialogue with shareholders. We hold this as a core company value and pledge to effectively execute our plan as we enter into this high growth phase at First Liberty."

About UsFirst Liberty Power Corp. is a Nevada based mineral exploration company with a primary focus on lithium exploration and development in the United States. The Company is positioned to capitalize on the anticipated increase in demand for lithium carbonate that is projected to result from the acceleration of the adoption and use of clean renewable energy products that utilize lithium-ion batteries.

ContactFirst Liberty Power Corp. http://www.firstlibertypower.com ir@firstlibertypower.com Investor Relations Telephone: (800) 709-1196

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, including but not limited to, the final outcome Lida Valley and Smokey Valley exploration / work programs, the specific nature and extent of the next phase of our exploration program, our ability to raise the necessary capital to complete our exploration program, and any mineralization, exploration and development of our mineral properties, specifically in regards to Lithium.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, 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 such beliefs, plans, expectations or intentions 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 Securities and Exchange Commission.

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Liberty Gold Corp. Doubles Size Of Alaskan McCord Creek Gold Property & Announces Commencement Of 2012 Exploration …

Posted: at 5:16 pm

PHOENIX, Aug. 7, 2012 /PRNewswire/ -- Liberty Gold Corp. (OTCBB: LBGO; "Liberty Gold" and/or "the Company") is pleased to announce that the Company has staked 19 additional Alaska State mineral claims to increase the size of its McCord Creek Property to 33 claims (4,620 acres). The Company has also approved proceeding with an approximate US$190,000 exploration program in 2012 for its McCord Creek Property gold project in central Alaska's Tolovana Mining District. The 2012 agreed program includes additional power auger assisted soil sampling, rock sampling, possible trenching and geophysics, with the objective of defining drill targets for the 2013 field season. Crews have now been mobilized and have commenced the sampling program. Endurance Gold Corporation (EGC) is managing the 2012 exploration program and Liberty Gold is funding the 2012 activities on the McCord property. The Company has an option to earn 60% joint venture interest in the McCord Creek Property.

In 2011, a program of grid-based, power auger assisted soil sampling and rock sampling was completed on the McCord Creek Property, which is located in the eastern extension of the Livengood gold district. The 2011 work program resulted in the discovery of 5 gold-in-soil anomalous zones with the maximum soil value exceeding 100 parts per billion ('ppb') gold. The two largest soil anomalies, exceeding 10 ppb gold, are 850 by 250 metres and 650 by 200 metres in size respectively. All of the soil anomalies lie within the same sedimentary and volcanic package of rocks that host International Tower Hill's (ITH) Money Knob deposit located on ITH's Livengood Property, which immediately adjoins the western side of Liberty Gold's McCord Creek Property. The Money Knob deposit on ITH's Livengood Property represents a resource estimate of 16.5 Moz Measured & Indicated at 0.22 grams per tonne cut-off (see ITH website for complete disclosure), making it one of the largest gold deposits discovered in 20 years.

The recently added claims and the existing anomalous zones on Liberty Gold's McCord Creek Property warrant additional exploration to pursue a deposit of similar nature to the Money Knob deposit. Reporting and assessment filings will be completed in the fall of 2012.

Lynn Harrison, Liberty Gold's President and CEO, commented: "Our 2012 exploration program for the McCord Creek Property will expand on the knowledge already gained through the 2011 soil sampling program and expand on those targets. Once program results are compiled in the fall, we anticipate identifying optimal targets that can be drilled in 2013. As well, the significantly expanded property further expands our presence and potential in the target area."

In order to earn a 60% joint venture interest, Liberty Gold must complete US$600,000 in exploration expenditures and make US$85,000 in cash payments over three years. Endurance Gold Corporation ("Endurance") is the current property owner and will operate the 2012 program on behalf of the Company. As part of the agreement, Liberty Gold has agreed to incur a minimum of US$150,000 in exploration expenditures in 2012 and has advanced sufficient funds to Endurance to undertake the 2012 field program.

FOR MORE INFORMATION

To learn more about the McCord Creek Gold Property, and to read more about the Company and its latest news, visit Liberty Gold's website at http://www.libertygoldcorp.com.

ABOUT LIBERTY GOLD CORP.

Liberty Gold Corp. is a publicly traded (LBGO) gold and precious metals exploration company focused on emerging as an industry leader while effectively growing America's reserves of gold. Headquartered in Phoenix, Arizona, Liberty Gold is committed to the responsible exploration and production of the nation's rich precious metals resources. The Company's stable of major gold projects is well established, and thanks to an active approach to property acquisitions, Liberty Gold's portfolio of significant assets continues to grow. For more information on the Company and its activities, visit Liberty Gold's website at http://www.libertygoldcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS,

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Free speech is for all; Embassy Bank ad appreciated – Aug. 7 letters to the editor

Posted: at 5:15 pm

Its a free country for Democrats, too

What do conservatives not understand about free speech? Because they say something, does that mean the rest of us are compelled to agree with them? No. We have the same freedom and are allowed to disagree with statements we find incorrect or distasteful. Mr. Chick-fil-A can say whatever he believes to be true about marriage. Those of us who disagree with his narrow-mindedness can call him narrow-minded. Thats our right!

Free speech does have consequences. Just ask the Dixie Chicks after their criticism of President Bush led to radio stations down South refusing to play their songs and right-wing groups organizing boycotts or mass burnings of their CDs. So dont pretend that conservatives play nice, and its just the left who get carried away, or that its just the Obama administration that tries to silence its critics.

I really enjoy the talk of class warfare, like its something the middle class invented. The rich have been waging warfare against the rest of us since the middle ages ... it took the middle class this long to decide to fight back. When you vote in November, ask yourself whether you want Mitt Romneys 15 percent tax rate raised or lowered. Mines 28 percent. Id think he can afford what I (and most of us) pay. Thats what this election boils down to. Figure out what you paid, and vote with your economic interest in mind ... make Mitt richer, or make Mitt pay what the rest of us pay.

KEN RAPP

Easton

Local business owner appreciates bank ad

A recent ad by Embassy Bank included the headline, Lehigh Valley Business Owners: You DID Build Your Business! As a local business owner, I was encouraged to see that fact recognized. Especially after President Obamas now-famous gaffe: If youve got a business, you didnt build that. Somebody else made that happen.

Oh, really?

Our family has been in business here in the Lehigh Valley since 1929. Every generation of Deiter Brothers ownership has worked very hard to provide heating, cooling, fuel oil and propane to Lehigh Valley homes and businesses. Ours is not an easy business. Like many small businesses, ours requires long hours, costly equipment and financial risk. But in the process, business owners help support the local economy by creating jobs and paying taxes. So I join Embassy in saluting any local business owner who puts forth the risks to reap the rewards. Washington may not know who really made your business happen, but we do!

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Betty There is free speech

Posted: at 5:15 pm

federal politics

7 Aug 2012

By Newmatilda.com

Free speech for all - and more of it. Tony Abbott's vision for the media is founded on a blunt and disingenuous notion of freedom of speech. NM on the Opposition Leader's address to the IPA

Not much has been interfering with Tony Abbotts freedom of speech lately. The Opposition Leader has been speeching it up on China, defence spending, mining magnates, you name it. Yesterday, he addressed the IPA on freedom of speech and media regulation.

The take home? More freedom, lessregulation.

Weve heard much of what the Opposition Leader had to say before. Hes against a public interest test for media owners and in favour of impassioned, untrammelled debate. Free speech is an unqualified public good, the more of it we get, the better. Theres no debate about that, right? In fact, in Abbotts hands, free speech is a blunt stick with which to bludgeon thecentre-left.

In a turn worryingly reminiscent of the bad old days of the Culture Wars, Abbott reminded his audience that freedom of speech "is not just an academic nicety". Its real stuff, in the real world. Small-l liberals recoil from the idea of restricting speech and have often struggled to defend legislation which does so. Fostering free speech in the name of democratic debate sounds like a liberal goal, as does Abbotts intention to "increase the number and the range of people who can participate in public debate, not reduceit".

Like it or not, it requires a few academic niceties to unpick who participates in public debate and to what end even if without nuance is the way Abbott likesit.

Abbott laid out the cultural battlelines clearly. David Marr v Andrew Bolt. Philip Adams v Alan Jones. Either youre with us, or you aint. Read the whole speech here.

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Freedom School offers alternative to budget-slashed LAUSD summer school

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LOS ANGELES (KABC) -- The Los Angeles Unified School District has been hit hard by a shrinking budget. That's especially true for many summer school, where a lot of classes have been cut. However, there is an alternative.

Class is out for the summer for L.A. County public schools. The fields are empty, but the learning continues at Foshay Learning Center. You can hear it; you can even feel it.

Welcome to Freedom School, a fun-filled energy-packed summer reading enrichment program that teaches elementary, middle and high school students a love for reading.

"When you come here it gives you a chance to let your energy out and gain energy," said student Mackenzie Burch.

Every day starts with empowering sing-a-longs to build the children's self-esteem. That's followed by a reading by a guest speaker, and then classes.

This year at least 95 percent of LAUSD summer schools were slashed because of budget woes. To help fill that void Community Coalition is operating eight of what they call "Freedom Schools" locally. It's organized by the national Children's Defense Fund program, which benefits primarily underprivileged Latino and African-American students.

Jessie Fernandez is proof the program works. Years back he was one of the children. Now he's a student leader who's also working on his bachelor's degree.

"It's doubly fulfilling and meaningful for me to be able to come back and provide an alternative positive model of education," said Fernandez.

Mackenzie Burch invites all to join her.

"They could learn and they probably wouldn't know that they were learning," she said. "They would probably just be having fun."

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Press freedom leads to happiness, environmental quality, MU study finds

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Public release date: 6-Aug-2012 [ | E-mail | Share ]

Contact: Nathan Hurst hurstn@missouri.edu 573-882-6217 University of Missouri-Columbia

COLUMBIA, Mo. Freedom of the press is viewed by many as a cornerstone of democracy. But can it actually help improve people's lives and make them happy? Researchers at the University of Missouri have found that citizens of countries with press freedom tend to be much happier than citizens of countries without free presses. Edson Tandoc, Jr., a doctoral student in the MU School of Journalism, says that press freedom directly predicts life satisfaction across the world.

"We already know that having reliable, objective news sources can benefit democracy, but in this study, we found that press freedom also benefits communities by helping improve the overall quality of life of citizens and, in the process, by also making them happier," Tandoc said. "People enjoy having an element of choice about where they get their news. Citizens of countries without a free press are forced to rely on the government for information, when what people really want is diversity in content where they are free to get the information they want from the source of their choosing."

Tandoc and his co-author, Bruno Takahashi from Michigan State University, analyzed data from 161 countries using a 2010 Gallup Poll evaluating happiness levels around the world. Tandoc and Takahashi compared those happiness levels with Freedom House's press freedom index which rates the level of each country's press freedom. They also examined human development statistics gathered by the United Nations as well as the Environmental Performance Index created by researchers at Yale Center for Environmental Law & Policy. Tandoc found that the more press freedom a country enjoyed, the higher the levels of life satisfaction, or happiness, of its citizens tended to be.

"The road to happiness isn't direct; it is a complex path or web that includes many different influences and interrelationships," Tandoc said. "Things like improving the economy alone are insufficient for increasing happiness. Protecting press freedom is also an important component of the happiness web."

Tandoc also found that countries with higher levels of press freedom enjoyed better environmental quality and higher levels of human development, both of which also contribute to life satisfaction. He credits this to the watchdog function of the press, which helps expose corruption of all levels in a community.

"A country with a free press is expected to be more open about what is wrong in their societies and with their environments," Tandoc said. "A free press is likely to report about poor human conditions and environmental degradation, bringing problems to the attention of decision-makers. It should not come as a surprise, therefore, that press freedom is positively related to both environmental quality and human development."

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This study was published in the Social Indicators Research journal and presented at the International Communication Association 2012 conference in Phoenix.

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Freedom Sweep Doubleheader from Road Warriors

Posted: at 7:12 am

August 6, 2012 - Frontier League (FL) Florence Freedom Florence, KY - The The Florence Freedom(40-32)swept a doubleheader from the Road Warriors Monday night with 6-1 and 5-2 wins to complete a three game sweep. The Freedom gained a whole game in the wild card race as they now trail Windy City by 1.5 games for the final playoff spot.

The Freedom got excellent starting pitching in both games as Andres Caceres threw a complete game in game one. It was the first complete game turned in by Caceres who pitched 7 innings allowing 6 hits, while striking out 4. Caceres earned his 7th win of the season which now leads the Freedom pitching staff in wins.

In the 3rd inning the Freedom broke up a scoreless game as Junior Arrojo stole home to give Florence a 1-0 lead. Later in the inning Jim Jacquot hit a two run homer to expand the lead to 3-0. It was Jacquot's 8th of the season and his second in as many games. The Freedom took advantage of some sloppy defense by the Road Warriors in the 4th. With Victor Gomez at second base, Pierre LePage layed down a sacrifice bunt which was thrown away by pitcher Greg Hendrix(0-2) allowing Gomez to score. The Freedom also got contributions from David Harris who doubled in LePage in the same inning. Arrojo capped off the scoring with his RBI single in the 5th.

Game two followed after a thirty minute break as it saw more outstanding starting pitching by the Freedom. Ian "Bull" Durham made his first professional start and he didn't disappoint. He threw five scoreless innings, allowing 5 hits while striking out a season high five to earn his first victory of the season. It also marked his first professional victory as a starter.

The Freedom got on the scoreboard in the 4th, thanks to the help of a few fielding errors by the Road Warriors. Stephen Cardullo opened up the inning with a single. John Malloy then executed a sac bunt. Shawn Marquardt(0-2) fielded the bunt and was charged with a throwing error on a poor throw to first base. The Freedom capitalized on another error as the next batter Gomez reached on a fielding miscue by shortstop Aaron Glaum. On the error, Cardullo scored to give Florence a 1-0 lead. LePage then followed with a SAC fly to put the Freedom ahead 2-0. The Freedom went back to playing longball as Jacquot hit his second homerun of the doubleheader. It was a two run shot for Jacquot, his 9th of the year to give the Freedom a 4-0 lead. Jacquot has now homered in three straight games. The Freedom got another homerun in the 6th. Harris went deep for the third time on the homestand and his 8th of the season to make it 5-0.

The Road Warriors plated two runs in the 7th against Freedom reliever Brennan Flick. A bases loaded walk to Tanner Leighton forced home Wesley Jones to make it 5-1. Matt Kline was then brought in out of the bullpen. He got David Roney to groundout to second which scored Ryan Kaup. Kline then got Glaum to fly out on a line drive to left field to end the ballgame.

The Freedom will continue their season long twelve game homestand Tuesday night as they welcome the Windy City Thunderbolts to Florence. Windy City will feature RHP Tyson Corley(2-6, 3.65) as the Freedom will give the ball to RHP Alec Lewis(4-6, 4.36). The game can be heard starting at 6:50 with Steve Jarnicki on Real Talk 1160 AM and realtalk1160.com.

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The opinions expressed in this release are those of the organization issuing it, and do not necessarily reflect the thoughts or opinions of OurSports Central or its staff.

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Liberty Global Meets on the Top Line, Misses Where It Counts

Posted: at 7:12 am

By Seth Jayson | More Articles August 6, 2012 |

Liberty Global (Nasdaq: LBTYA) reported earnings on Aug. 2. Here are the numbers you need to know.

The 10-second takeawayFor the quarter ended June 30 (Q2), Liberty Global met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP earnings per share expanded.

Gross margins improved, operating margins dropped, and net margins expanded.

Revenue detailsLiberty Global chalked up revenue of $2.52 billion. The seven analysts polled by S&P Capital IQ anticipated sales of $2.55 billion on the same basis. GAAP reported sales were 3.6% lower than the prior-year quarter's $2.62 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS detailsEPS came in at -$0.75. The two earnings estimates compiled by S&P Capital IQ anticipated $0.13 per share. GAAP EPS were $2.60 for Q2 versus -$1.37 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin detailsFor the quarter, gross margin was 64.9%, 120 basis points better than the prior-year quarter. Operating margin was 19.0%, 140 basis points worse than the prior-year quarter. Net margin was 27.8%, 4,110 basis points better than the prior-year quarter.

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