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daretochiong
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06-Oct-2012 16:15
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http://www.youtube.com/watch?v=1m7N4Y2Ws3c   |
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daretochiong
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06-Oct-2012 16:04
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Source: www.nextinsight.net |
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daretochiong
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06-Oct-2012 15:50
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Credit to  nextinsight   www.nextinsight.net YONGNAM HOLDINGS did an e-roadshow on Oct 2 for some foreign investors. (First time you heard of an e-roadshow? We too ... but it's cool). Yongnam's CEO Seow Soon Yong and finance director-cum-executive director, Chia Sin Cheng, presented the company's business story -- basically, there is a large amount of infrastructure works in the pipeline. Watch the video below for also an update on its business -- as well as listen to some questions and answers after the presentation. Two revelations : a. The potential for Yongnam to pursue business in the offshore sector in UK -- specifcally, structural works for the emerging wind energy industry. b. Yongnam is currently working on getting its shares traded as ADRs in the US as well. Target date for the start of trading is November 2012. Briefly, its stock data: recently 23.5 cents, market cap of S$297 million, dividend yield of 4.26% and 0.98 price/book. |
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daretochiong
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06-Oct-2012 14:42
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Looking set for a rally YONGNAM Y02.SI
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daretochiong
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06-Oct-2012 14:39
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http://yongnamholding.blogspot.sg/ Yongnam sitting pretty in industry sweet spot .The past few weeks have been good for the Singapore market, and especially construction stocks. Names such as piling specialist CSC Holdings, cranes specialist TAT HONG, property cum-construction specialist KSH LIANBENG and infrastructure player LC Development have been in the spotlight on expectations of swelling order books as Singapore braces for a huge wave of infrastructure and property development activity in the coming five years.   Analysts have been upping the earnings forecasts and stock price targets on many of these companies, and this, in turn, has continued to fuel the frenzied activity in construction and infrastructure plays, sending some stocks to new highs not seen since 2009. How much of this is real and how much of it is mere hype remains to be seen. Nevertheless, there are some genuine gems out there.   One of these is structural steel and construction engineering specialist Yongnam Ltd. Listed in 1999, Yongnam is Singapore's single largest fabricator of steel structures used in infrastructure. Its fabricated structural steel holds up the roofs of Suntec City, the National Library, Singapore Post Centre, Capital Tower, the Expo MRT station, KL International Airport and the new Suvarnabhumi Airport in Bangkok, among others.   |
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krisluke
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06-Oct-2012 14:13
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SINGAPORE Stocks Earnings Announcement Dates (07/10/12)!6 Oct
Conglomerate Keppel Corp Oct 18 Biz Trusts / Reit K-Green Oct 15 K-Reit Oct 15 Mapletree Industrial^ Oct 23 Cache Logistics Oct 24 Mapletree Commercial^ Oct 25 Property Keppel Land Oct 17 Banking / Finance SGX Oct 18 Telco M1 Oct 15 Others SPH Oct 12 Keppel T & T Oct 16 Qian Hu Oct 17 Osim Oct 23 UIC Oct 23 |
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daretochiong
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06-Oct-2012 14:09
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http://yongnamholding.blogspot.sg/
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daretochiong
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06-Oct-2012 13:56
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http://yongnamholding.blogspot.sg/ |
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krisluke
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06-Oct-2012 13:51
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Oil has soared yesterday touching 91.75 levels once again after it succeeded in clearing 89.00 levels and is currently hovering around EMA 50. Trading between 91.75 and 91.05 forces us to stand aside again over intraday basis as the above mentioned levels are the clues of the direction over intraday and short term basis.
The trading range for today is expected among the major support at 85.00 and the major resistance at 95.20. The short-trend trend is to the upside with steady weekly closing above 78.00, targeting 104.65 and 110.55. Support: 91.05, 90.50, 89.80, 89.00, 88.00 Resistance: 91.75, 92.35, 93.05, 93.80, 94.25 Recommendation Based on the charts and explanations above our opinion is, staying aside until an actionable setup presents itself to pinpoint the upcoming big move. |
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krisluke
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06-Oct-2012 13:50
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Oil prices steadied after the sharp rally yesterday. Escalation of Middle East tensions and a fire in a Texas refinery sent concerns over supply disruption. The ECB meeting was a non-event with President Draghi stating that there was no discussion about the cutting the policy rates at the meeting and activation of the OMT rests on governments’ determination. The FOMC minutes stated that key reasons for the decision to implement QE3 were the deterioration in the global economic outlook and manageable cost of QE3. Policymakers had a vigorous discussion about shifting from calendar date-based policy targets toward data-driven thresholds. News reported intensification of Turkey’s retaliation acts against Syria as Turkey's parliament approved a bill allowing the military to have cross-border operations into Syria. Attack was reported on a Syrian border town with some Syrian soldiers killed. Turkish Prime Minister Tayyip Erdogan stated that the country just wanted “peace and security” but not war. Elsewhere in the US, a fire broke out at a refinery in Texas operated by Exxon Mobile. The refinery has capacity of 584K bpd, the largest in the US. Exxon admitted that there would be some impact on production, although it would " meet its contractual agreements”. At the ECB meeting policymakers affirmed that the OMT would be a 'fully effective backstop to avoid destructive scenarios with potentially severe challenges for price stability' in the Eurozone. On Spain, President Draghi also commented on Spain's fiscal consolidation progress, praising the countries' 'significant progress' in addressing its problems. He also indicated that the OMT is ready if needed, but 'now it's really in the hands of governments', suggesting the central bank is waiting for the Spanish government's request for financial assistance. Regarding the conditionality issue, he stated that 'there is a tendency to identify conditionality with harsh conditions' and 'conditions don't need to be necessarily punitive'. Concerning the FOMC minutes, policymakers unveiled that key reasons for the decision to implement QE3 were the deterioration in the global economic outlook and manageable cost of QE3. Members also discussed on whether the purchase program should be Treasury-based or MBS-based. The decision on choosing the latter was partly because it would more directly help the housing sector. Yet, the program was not a unanimous one as 'a number of participants highlighted the uncertainty about the overall effects of additional purchases on financial markets and the real economy'. Also, 'several participants' noted concerns that the program might complicate the eventual withdrawal of policy accommodation. Policymakers discussed on a crucial issue about shifting from calendar date-based policy targets toward data-driven thresholds. Yet, the change is not without challenge. Some concerned that using the explicit numerical thresholds would be 'too simple to fully capture the complexities of the economy and the policy process or could be incorrectly interpreted as triggers prompting an automatic policy response'. The central bank pledged to do 'further work' related to better communications with the public. |
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krisluke
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06-Oct-2012 13:42
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Phillip Securities tips Singapore picks to play in 4Q12
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krisluke
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06-Oct-2012 13:40
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Temasek not in favour of too many exec members on company boards
    SINGAPORE: Singapore's Temasek Holdings says it advocates that the boards of its portfolio companies be independent of management and not have excessive executive members. |
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daretochiong
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06-Oct-2012 13:39
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YONGNAM targeting to get the THOMSON LINE MRT project. ACCUMULATE when the trades are quiet. | |||||||||||||||||||||||||||||
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krisluke
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06-Oct-2012 13:37
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Oil Rises Most in Two Months on Euro Strength Oct 4, 2012 12:23 PM PT Oil climbed the most in two months as the euro rose against the dollar and tension between Syria and Turkey fanned concern that Middle East output will be disrupted. Prices jumped $3.57, erasing almost all of yesterday’s $3.75 loss. The euro advanced to a two-week high after European Central Bank President Mario Draghi said the common currency is “irreversible.” Turkey’s parliament authorized the government to order military action in Syria. A mortar bomb fired across the border yesterday killed five Turks. “The euro is showing some strength and that’s helping to push oil prices higher,” said Addison Armstrong, director of market research at Tradition Energy in Stamford, Connecticut. “You’ve got a new front in the tensions in the Middle East plus the weakness of the dollar and that’s all adding up to the strength in crude.” Crude for November delivery gained 4.1 percent to settle at $91.71 a barrel on the New York Mercantile Exchange. It was the biggest increase since Aug. 3. Futures plunged 4.1 percent yesterday after the Energy Department reported U.S. production climbed to the highest level in more than 15 years while fuel usage decreased. Futures have risen 21 percent in the past year. Brent oil for November settlement advanced $4.41, or 4.1 percent, to $112.58 a barrel on the London-based ICE Futures Europe exchange. The euro gained the most in almost three weeks versus the dollar after Draghi said the ECB is ready to start buying government bonds as soon as the necessary conditions are fulfilled. He spoke at a press conference today in Ljubljana, Slovenia, after policy makers left the benchmark rate at a historic low of 0.75 percent. Euro Advances “The more Draghi speaks, the weaker the dollar gets,” Armstrong said. “We had a strong selloff yesterday and it’s normal we should have a rebound.” The euro increased as much as 1 percent to $1.3032, the highest level since Sept. 21. A stronger euro and weaker dollar increase oil’s appeal as an investment alternative. “The possibility of the ECB getting something done is making people a little more bullish,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts. “The Turkey-Syria tension is a big part of today’s story. Anything like this in that region tends to make traders nervous.” The killings yesterday in the Turkish town of Akcakale highlight the risk that neighboring countries could be drawn into Syria’s civil war. Turkey has backed the rebels fighting to oust President Bashar al-Assad and allowed them to use bases inside Turkey. Turkish artillery units fired yesterday and today at Syrian military targets. Pipeline Exports The fighting also raised concern that the Kirkuk-Ceyhan pipeline will be disrupted. Iraq, the second-largest producer in the Organization of Petroleum Exporting Countries after Saudi Arabia, exports oil through the line, which runs through Iraq and southern Turkey near the Syrian border. “Traders are focusing on the situation in the Middle East,” said James Williams, an economist at WTRG Economics, an energy-research firm in London, Arkansas. “There may be an occasional attack on the pipeline but I don’t see that causing a major problem.” Countries in the Middle East and North Africa were responsible for 36 percent of global oil production and held 52 percent of proved reserves in 2011, according to BP Plc (BP/)’s Statistical Review of World Energy Reasonable’ Prices Saudi Arabia is trying to keep oil prices at a “reasonable level” and sees no difficulty in meeting demand, Oil Minister Ali al-Naimi said today at a conference in Ankara, Turkey. Current prices make it unlikely the Obama administration will release crude from the Strategic Petroleum Reserve, said Daniel Yergin, chairman of IHS Cambridge Energy Research Associates, in an interview with Tom Keene and Sara Eisen on Bloomberg Television’s “Surveillance.” Oil also increased as U.S. stocks rallied after a report showed American jobless claims rose less than economists estimated. The Standard & Poor’s 500 Index gained for a fourth day, up as much as 0.8 percent. Applications for jobless benefits increased to 367,000 in the week ended Sept. 29, Labor Department figures showed today in Washington. Economists forecast 370,000 claims, according to the median estimate in a Bloomberg survey. A Labor Department report tomorrow may show employers took on 115,000 workers in September, more than the prior month, while the jobless rate rose to 8.2 percent from 8.1 percent, according to the median estimate in a Bloomberg survey of economists. U.S. Employment “The market is a little optimistic on the employment numbers tomorrow and equities are higher,” said Carl Larry, president of Oil Outlooks & Opinions LLC in New York. “It’s a correction after yesterday’s free fall |
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krisluke
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06-Oct-2012 13:23
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JOBLESS RATE DROPS AND STOCKS GO NOWHERE: Here's What You Need To Know An extraordinary drop in the unemployment rate had many cheering. But some cried foul.   First the scoreboard: Dow: 13,610, +34.7, +0.2 percent S& P 500: 1,460, -0.4, -0.0 percent NASDAQ: 3,136, -13.2, -0.4 percent And now the top stories:
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krisluke
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06-Oct-2012 13:15
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Ten Of The Worst Excuses For Obama's Performance At The First Debate AP Photo/M. Spencer Green   Proponents: Bill Maher, Charles Krauthammer The Claim: The liberal comedian wittily takes a conservative talking point and reclaims it for the left. Meanwhile, here's Krauthammer on Fox News: " People say Obama was off his game this is his game. If you take away a prompter, this is his game," the pundit said on Fox News. Ha! Except, no. Obama has won debates without teleprompters before, and he's given dull speeches with them. Try again, this time with perspective, fellas. 2. Theory: Obama Was on Drugs     Proponent: Matt Drudge The Claim: The master aggregator, perhaps still smarting from his Obama tape fail, offers a completely speculative opinion. Does Obama seem like an anxious guy? And who in his right mind would take a Valium before a presidential debate? 3. Theory: It Was the Altitude Proponent: Al Gore The Claim: On his Current TV broadcast, the former vice president argued that the problem was that Obama hadn't had time to acclimate to the Mile-High City. It's perhaps somewhat plausible, but it's not like he was climbing K2 -- he was in Denver. Besides, he could have been acclimating instead of hitting the Hoover Dam. 4. Theory: It's a Trap!     Proponent: Charles Blow The Claim: The New York Times columnist's theory is tough to buy. Three problems: First, even if Obama wanted to play rope-a-dope, it's hard to imagine he'd be willing to get so roundly beaten in one of only three debates. Second, there are few words in journalism as worthy of skepticism as " some people suggest." And third, the Russian campaign -- while disastrous for Napoleon -- also resulted in 210,000 Russian deaths, massive destruction of crops, and the catastrophic burning of Moscow. Does Obama really want the equivalent? 5. Theory: Obama Doesn't Watch Enough MSNBC Proponent: Chris Matthews The Claim: Here's the host, melting down on Wednesday: " He should watch -- well, not just 'Hardball,' Rachel [Maddow], he should watch you, he should watch the Reverend Al [Sharpton], he should watch Lawrence [O'Donnell], he would learn something about this debate." Self-serving and nonsensical! 6. Theory: Obama Wants to Lose Proponent: Kevin Baker The Claim: In an apparent bid to one-up Andrew Sullivan's hysteria Wednesday night, Harper's published a rant by Baker arguing that the president is throwing the election. No, really: " There is no reasonable explanation -- no acceptable explanation -- for such a performance .... Obama signaled that he wants out." Sure, other than the months of frantic campaigning, hundreds of millions of dollars he's raised, and his lead in the polls, that totally adds up, right? 7. Theory: Mitt Cheated Proponent: Reddit The Claim: The social-media site's users are in a tizzy, suggesting that Romney was caught on camera pulling an illegal cheat sheet out of his pocket as the debate began. The Romney camp says it's a handkerchief, and there's footage of him using one later on. But even if it hadn't been debunked, the craziest conspiracy theory along these lines doesn't account for the widely acknowledged fact that Obama simply didn't debate well. 8. Theory: It Was Jim Lehrer's Fault Proponent: Assorted Liberals The Claim: Almost everyone agrees that moderator Jim Lehrer was a bust (except my colleague Clive Crook and Lehrer himself). But just because he was an ineffective moderator doesn't mean that's why Obama did poorly. Romney adjusted well to a laissez-faire forum Obama seemed uninterested in or unwilling to assert himself. When Obama aide Jim Messina was asked why his candidate didn't bring up Romney's " 47 percent" comments, Messina responded that " it just didn't come up." 9. Theory: Obama Is Lazy Proponent: John Sununu The Claim: The Romney surrogate and professional flamethrower went on MSNBC and tossed this grenade: " What people saw last night, I think, was a president that revealed his incompetence, how lazy and detached he is." You can ignore this. He's just trolling. 10. Theory: It Wasn't Mitt Proponent: Barack Obama The Claim: Obama had a new riff in his stump speech on Thursday: " It could not have been Mitt Romney because the real Mitt Romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. The fellow on stage last night said he didn't know anything about that." Nice try, Mr. President. From TheAtlantic - shaping the national debate on the most critical issues of our times, from politics, business, and the economy, to technology, arts, and culture. |
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krisluke
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06-Oct-2012 13:13
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And Now... Here's The REAL Reason The Unemployment Rate Has Fallen So Much This Year The best news for President Obama is that the unemployment rate has steadily fallen in an election year, and had a big drop today.
  At a campaign event today, Mitt Romney sought to play down the significance of these numbers. Buzzfeed has Romney's quote: " The unemployment rate as you noted this year has come down very, very slowly, but it’s come down none the less. The reason it’s come down this year is primarily due to the fact that more and more people have just stopped looking for work. And if you just dropped out of the work force, if you just give up and say look I can’t go back to work I’m just going to stay home, if you just drop out all together why you’re not longer part of the employment statistics so it looks like unemployment is getting better, but the truth is, if the same share of people were participating in the workforce today as on the day the president got elected, our unemployment rate would be around 11 percent."
  Just to confirm that this is indeed the Labor Force Participation Rate, here's a straight up chart of that number. So to judge Romney we have to ask the question: If the participation rate were the same today as it was at the beginning of the year, what would the unemployment rate look like? So let's work backwards. Here's a year-to-date chart of the participation rate. It has fallen from 64% last December to 63.6% today. So, if the Civilian Participation Rate were still 64% today, to derive what the Civilian Labor Force would be today, we'd take 0.64 and multiply by that by today's Civilian Population. The Civilian Population today is 243.772 million. That times 0.64 is 156.014 million. That would be the size of the Civilian Labor Force today if the participation rate were still where it was after the December jobs report. Now as we showed above, to figure out the unemployment rate we have to go back and find the current size of the Civilian Employment Level. According to today's report, the Civilian Employment Level is 142.974 million. The unemployment rate is thus [1-(142.974/156.014)]*100. That works out to 8.35 or 8.35%. In other words, if the Civilian Participation Rate had stayed constant this year, today's level of employment would translate to 8.35% unemployment. Last December's unemployment rate was 8.5%. So Romney said specifically: The reason it’s come down this year is primarily due to the fact that more and more people have just stopped looking for work
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krisluke
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28-Aug-2012 13:55
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15 Of The World's Strangest Exotic Fruits “I ate a whole lemon, raw, and it was delicious,” says Katie O’Neill, a Philadelphia-based medical student.
  No, she wasn’t on drugs, but her perception was chemically altered: after eating miracle fruit, nearly everything tastes (temporarily) sweet. The experience is so psychedelic that many have dubbed it “flavor tripping.” Click here to check out the world's strangest exotic fruits >Miracle berries, native to West Africa, are a trendy example of the weird world of exotic fruits. A sure sign that you’ve landed somewhere new, such fruits intrigue and challenge us, whether by their unfamiliar size, shape, texture, or smell. The stinky durian fruit, for instance, has become infamous among travelers to China and Southeast Asia. “I was thrown off a bus once because I had one in my bag,” says travel writer Mikaya Heart. But she’s quick to add that durian is one of her favorite tastes: “It is very succulent and oily, the consistency and color of really thick custard. I would eat it every day if I could.” With a little effort, you can find durian and other exotic fruits without flying halfway across the world start your search at specialty grocery stores or ethnic restaurants. Such crazy, beautiful, and above all, natural fruits are a vivid reminder of the planet’s incredible, if precarious, biodiversity. As many farmers mass cultivate the same breeds of common fruit over and over again, other versions may die out to make room for bestsellers like Golden Delicious. At the same time, fruits once considered exotic (like mango or, recently, acai) can find their way into the American mainstream, which makes encountering an unfamiliar fruit that much more of a tantalizing novelty. Case in point: David Slenk lived with a Peruvian family in Lima during a yearlong trip through South America. At dessert time, they served him a weird fruit: “bright white and kind of mushy, chopped up and covered in orange juice,” he recalls. “I’d never seen anything like it before. I took a cautious bite, couldn’t believe my taste buds, then finished the entire bowl in seconds.” That’s how Slenk discovered that he loves cherimoya, a green fruit with a fleshy white inside and black seeds. “It’s almost enough to make me move to Peru forever.” Keep reading for more exotic fruits bound to stimulate your senses. More From Travel + Leisure:America's Favorite Cities: 2012 Survey The World's Strangest Street Food The World's Strangest Supermarket Items Best Italian Restaurants In The US This story was originally published by Travel + Leisure |
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krisluke
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28-Aug-2012 13:46
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5 Steps To Survival When Bullets Start To Fly You’re in public, minding your business, on your way to work — and gunshots ring out.
  There are immediate actions you can take to ensure your survival, which I learned during my time as a U.S. Marine. Too often, especially in an urban environment, people get caught up in situations they could have easily avoided, given a cool head, and the following of a few easy steps. Don’t freak out. Don’t run. Stay calm. And you’ll make it. |
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krisluke
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28-Aug-2012 13:28
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A Former Prison Guard Reveals What It's Like To Work On Death Row A man who worked as a corrections officer on death row led a Reddit thread about what it's like to work with the condemned.
  The man provided a picture of his old uniform as proof of his identity on the Ask Me Anything forum. The man, who is now a police officer, described his job: " I worked at Georgia Diagnostic and Classification Prison, the only Georgia prison that housed death row inmates. I worked in death row, segregation/protective custody, and two " death watches" prior to scheduled execution."
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