Daily Archives: September 26, 2013

ECONOMIC LIBERTY LECTURE SERIES - George Selgin ""Free Banking and the Economics of a Free Society"
George Selgin is a Professor of Economics at the University of Georgia #39;s Terry College of Business. He is a senior fellow at the Cato Institute. His research...

By: The Future of Freedom Foundation

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ECONOMIC LIBERTY LECTURE SERIES - George Selgin ""Free Banking and the Economics of a Free Society" - Video

Why Liberty - feat. Tom Palmer
The Atlas Network, a nonprofit professional organization serving the world #39;s largest network of free-market think tanks, has partnered with Students for Liberty to publish and distribute 350000...

By: atlasnetwork

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Why Liberty - feat. Tom Palmer - Video

J. R. Miller - Christian Liberty (devotional reading)
J. R. Miller - Christian Liberty (devotional reading) J.R. Miller playlist: http://www.youtube.com/view_play_list?p=2085C7193D4C2AAE Link to my "Christian De...

By: Christian Praise and Worship in Songs, Sermons, and Audio Books

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J. R. Miller - Christian Liberty (devotional reading) - Video

CARNIVAL LIBERTY sail-away on 9/21/2013 during Red Bull Flugtag
CARNIVAL LIBERTY sailing away from Miami during Red Bull Flugtag. Watch the live action at http://PortMiamiWebcam.com Copyright © 2013 PTZtv PortMiamiWebca...

By: Port Fever

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CARNIVAL LIBERTY sail-away on 9/21/2013 during Red Bull Flugtag - Video

2004 Jeep Liberty Schererville IN Merrillville, IN #2508A
SOLD - http://www.autotrader.com/fyc/vdp.jsp?vin=1J4GL58K34W113799 Call or visit for a test drive of this vehicle today! Phone: 800-930-6191 Year: 2004 Make:...

By: TeamToyotaIN

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2004 Jeep Liberty Schererville IN Merrillville, IN #2508A - Video

MrEliotata, 3ème épisode de Starcraft II, Wings of Liberty.
MrEliotata, 3ème épisode de Starcraft II, Wings of Liberty où nous passons à la 3ème mission, qui consiste à survivre pendant environ 15 minutes contre des v...

By: MrEliotata

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MrEliotata, 3ème épisode de Starcraft II, Wings of Liberty. - Video

Carey on Liberty Movement Radio 9/22/13
http://www.LibertyMovementRadio.com.

By: NC Libertarians

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Carey on Liberty Movement Radio 9/22/13 - Video

Person of Interest Season 3 Ep1 "Liberty" part 1
Person of Interest - http://linki.es/b3gh Watch Person of Interest Season 3 Episode 1 "Liberty". The Machine, now completely self-governed with its whereabou...

By: Bastetkun

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Person of Interest Season 3 Ep1 "Liberty" part 1 - Video

BOSTON, Sept. 26, 2013 /PRNewswire/ --Liberty Mutual Insurance, the Official Property and Casualty and Life Insurance Partner of the 2014 and 2016 U.S. Olympic and Paralympic Teams, today unveiled the roster of U.S. Olympic and Paralympic athletes the company will support for the 2014 Olympic and Paralympic Winter Games in Sochi, Russia. Team Liberty Mutual will assist the insurer in their new marketing campaign, which celebrates human persistence, highlights what is possible with the support of others, and showcases the determination in all who face a setback to come back and "Rise."

(Logo: http://photos.prnewswire.com/prnh/20130926/NE86453LOGO )

"Liberty Mutual has been providing support, strength and hope to our customers as they attempt to come back from life's setbacks for more than 100 years and this great team of athletes reminds us that with the right amount of support, every one of us can come back and achieve great things," said Paul G. Alexander, Liberty Mutual Insurance chief communications officer. "These athletes have endured struggles, just like many of our customers, and we are proud to be an ally to them both. We know the dedication it takes to become the best at what you do and are thrilled to support them on their journeys for Olympic gold."

Meet Team Liberty Mutual

Each of the U.S. Olympic and Paralympic hopefuls, athletes and legends selected to Team Liberty Mutual for the Olympic and Paralympic Winter Games reflects the "Rise" theme. Altogether, Team Liberty Mutual members have appeared in a combined 12 Olympic Winter Games, winning eight Olympic and Paralympic medals, as well as numerous national and international titles. Members of Team Liberty Mutual include:

"I am thrilled to team up with Liberty Mutual Insurance and this incredible group of athletes," said short track speedskater J.R. Celski, who won bronze medals in the 1500m and 5000m relay in Vancouver. "I have faced setback and challenges along my journey and I would not be able to succeed at my dream without the support of friends, family and sponsors, like Liberty Mutual Insurance, who help me rise up to reach my goals."

Leading up to and during the Olympic Winter Games, fans can watch a series of moving "Rise" vignettes that follow the inspirational journey of each Team Liberty Mutual athlete at LibertyMutual.com/TeamUSA. In addition to highlighting Liberty Mutual Insurance's "Rise" campaign, these videos are designed to engage Americans in celebrating the power of human persistence as well as rallying support for these inspirational members of Team USA.

An Ongoing Commitment to Team USA and Youth Sports

In addition to announcing their team of athletes, Liberty Mutual Insurance is proud to be the presenting sponsor of the USOC's Road to Sochi Tour. Visitors to Liberty Mutual Insurance's experiential footprint at the Road to Sochi Tour will be able to learn more about the "Rise" campaign and Team Liberty Mutual, meet U.S. Olympians and Paralympians past and present, and participate in the Rise social conversation by thanking someone who helped them rise from a challenge using #RISE. The company is committed to supporting Team USA through multiple other initiatives leading up to and during the Sochi 2014 Olympic Winter Games as well as the 2016 Summer Olympic Games in Rio de Janeiro as the official auto, home, life and business insurance partner of the USOC.

The company also supports the development of youth sports through its Liberty Mutual Insurance Responsible Sports initiative, which provides resources to volunteer youth sports coaches and parents who help children succeed both on and off the field. Since 2007, the Liberty Mutual Insurance Responsible Sports program has supported youth sports organizations across the country through partnerships with Positive Coaching Alliance, Amateur Softball Association of America, USA Hockey, USA Wrestling, US Youth Soccer, USA Volleyball and USA Water Polo.

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Liberty Mutual Insurance Celebrates The "Rise" Of 13 U.S. Olympic And Paralympic Athletes

On Sep 24, 2013, we reinstated our long-term recommendation on Liberty Property Trust (LRY) at Neutral. The move depicts the companys decent second-quarter results, strategic efforts to improve its core operations and a conservative balance sheet management. Yet, stiff competition, rising interest rates and a volatile office sector remain our plausible concerns.

Why Neutral?

Driven by improving market fundamentals, strong leasing and development activities, Liberty Propertys second-quarter 2013 FFO (funds from operations) per share of 66 cents surpassed the year-ago figure by 4.8%. However, it came in line with the Zacks Consensus Estimate as the positive impact was marred by a rise in operating expenses.

Nevertheless, we expect Liberty Property to benefit from its focus on metro-office, multi-tenant industrial and flex properties and markets that have strong demographic and economic fundamentals. Furthermore, with its solid portfolio repositioning program, the company is efficiently meeting the rising demand for premium quality industrial space.

In addition, this Pa.-based real estate investment trust (:REIT) aims to strengthen its balance sheet and liquidity position, which helps it fund investments. In relation to this, the recent senior notes offering and equity shares offering to finance the acquisition of the operating partnership of Cabot Industrial Value Fund III is noteworthy.

Yet, continued volatility in the office sector with job cuts and stiff competition from private and public companies remain our concerns. Also, Liberty Propertys large development pipeline and continuous acquisition spree involves significant upfront operating expenses with limited near-term profitability. Moreover, the rise in interest rates and the capital market volatility adversely affect the companys funding expenses.

Over the last 30 days, the Zacks Consensus Estimate for 2013 FFO per share declined 1.9% to $2.59. Also, for 2014 it moved down 0.4% to $2.72 per share. The stock currently has a Zacks Rank #3 (Hold).

Other Stocks to Consider

Better performing REITs that are worth a look include Sovran Self Storage Inc. (SSS), SL Green Realty Corp. (SLG) and Douglas Emmett Inc (DEI). All the stocks carry a Zacks Rank #2 (Buy).

Note: FFO, a widely accepted and reported measure of the performance of REITs is derived by adding depreciation, amortization and other non-cash expenses to net income.

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Liberty Property Pinned at Neutral