Category: News

UC Berkeley News

A media preview of “The Conservator’s Art: Preserving Egypt’s Past,” a new exhibit opening Thursday, April 29, at the Phoebe Apperson Hearst Museum of Anthropology at the University of California, Berkeley.

The exhibit features exceptional artifacts from the Hearst Museum’s vast Egyptian collection – including crocodile mummies, mummy portraits, statuary, amulets and unusual “reserve heads” used in Egyptian burial practices.

The exhibit examines how technology and the humanities work together to enhance the conservation and understanding of ancient objects. It also aims to demystify the work of archaeologists and conservators, and to promote a dialogue with the public about their work and how museums help preserve cultural heritage.

Hearst Museum

The Phoebe Hearst Museum of Anthropology at UC Berkeley will display rare artifacts from its vast Egyptian collection in a fascinating exhibition that will explore the conservation of our cultural past. We are pleased to announce this highly anticipated look into how museums blend technology and the humanities to conserve and understand ancient objects. Included are crocodile mummies that recently underwent CT scans at Stanford Medical School as well as statuary, mummy portraits, amulets, and one of only 30 known “reserve heads” used in Egyptian burial practices. Of the 3.8 million objects in the Hearst’s collection, the Egyptian artifacts represent some of the most important.

Egyptology News Blog, Andie Byrnes

Lexus Hybrid Bicycle Concept

Here is a new hybrid concept from Lexus called the Lexus Hybrid Bicycle. According to Lexus, the Hybrid Bicycle is a “design concept the captures the fundamental engineering and design values of the brand, but with two wheels rather than four.”

The concept coincides with the announcement of Lexus’ title sponsorship of the Great British Bike Ride, a four-day charity ride that will see hundreds of cyclists following a course from Land’s End to the home of English rugby at Twickenham.

Power comes from the pedal of the rider increased by help of the front wheel with a 240W electric motor, kept running by a 25.9V lithium-ion battery. The Lexus Hybrid Bicycle Concept has a choice of Eco or Power modes and, as with Lexus Hybrid Drive, there is an energy regeneration function that helps recharge the battery by capturing kinetic energy generated under braking.

Lexus says that “there are no current plans for the Lexus Hybrid Bicycle to become a production model.”

Lexus Hybrid Bicycle Concept:

– By: Kap Shah

The Titanic wasn’t the only one affected by melting glaciers and breaking ice bergs. The fluffy white fish-eating polar bears are suffering too. Global warming is sure taking its toll on the glaciers, melting them away like an ice-cream in the sunshine. So, to spread awareness of this disaster, Jovana Bogdanović came up with an idea that will remind you of melting glaciers and polar bears every time you sip coffee.

Recently showcased at the Milan Design Week, these polar bear shaped sugar cube, known as the Sugar Bear, slowly melts away into your coffee, reminding you of the melting glaciers and the endangered polar bears. Ice is what polar bears love living on, and losing ice due to global warming is sure depleting their numbers. These white cousins of brown and black bears are in danger. It’s about time we take emission reductions and recycling more seriously and control global warming.

[Inhabitat]

Construction began in December for what will be China’s largest sports park, the Hangzhou Sports Park. It’ll be green, sustainable, and will span around 400,000 square meters. Did I mention how it looks like a space city? More »

The search for ET continues in the skies above. The guys at SETI have spent hours and hours on searching and scanning the skies for any extra terrestrial life. It’s been 25 years, and SETI has allowed people from around the world to contribute to its search-the-sky-for-ET program. Though, no such evidence has been found yet. So SETI is now turning to open source. A website known as setiQUEST.org is being established. This site will display data gathered and the search code being used. Hopefully the guys at SETI do manage to contact extra terrestrials with knowledge that will help save our planet as it is being subjected to various exploits everyday, endangering it little by little as days go by. Maybe the extra terrestrials will help us with a greener future.

[NetworkWorld]

Press release: 28 April 2010: Dorchester, UK

Biotech crops continue to make important contributions to sustainable farming and to global food affordability 

Two new studies show biotech crops continue to deliver significant global economic and environmental benefits and make important contributions to global food production, food security and lower real prices for food and feed crops

“Since 1996, biotech crop adoption has contributed to reducing the release of greenhouse gas emissions from agriculture, decreased pesticide spraying, significantly boosted farmers’ incomes and resulted in lower real world prices for corn, canola, soybeans and the main derivatives of these crops,” said Graham Brookes, director of PG Economics, co-author of the reports. “The technology has also made important contributions to increasing crop yields, reducing production risks, improving productivity and raising global production of key crops. The combination of economic and environmental benefit delivery is therefore making a valuable contribution to improving the sustainability of global agriculture and affordability of food, with these benefits and improvements being greatest in developing countries”

Previewing the findings of the two studies, the key findings are:

• Biotech crops have contributed to significantly reducing the release of greenhouse gas emissions from agricultural practices. This results from less fuel use and additional soil carbon storage from reduced tillage with biotech crops. In 2008, this was equivalent to removing 15.6 billion kg of carbon dioxide from the atmosphere or equal to removing 6.9 million cars from the road for one year;

• Biotech crops have reduced pesticide spraying (1996-2008) by 352 million kg (-8.4%) and as a result decreased the environmental impact associated with herbicide and insecticide use on the area planted to biotech crops by 16.3%;

• Herbicide tolerant biotech crops have facilitated the adoption of no/reduced tillage production systems in many regions, especially South America. This has made important contributions to reducing soil erosion and improving soil moisture levels;

• There have been substantial net economic benefits at the farm level amounting to $9.4 billion in 2008 and $52 billion for the thirteen year period. The farm income gain in 2008 is equivalent to adding 3.65% to the value of global production of the four main biotech crops of soybeans, corn, canola and cotton;

• Of the total farm income benefit, 50.5% ($26.25 billion) has been due to yield gains, with the balance arising from reductions in the cost of production. Two thirds of the yield gain derive from adoption of insect resistant crops and the balance from herbicide tolerant crops;

• The share of the farm income gains, both in 2008 and cumulatively (1996-2008) has been about 50% each for farmers in developing and developed countries;

• The cost farmers paid for accessing GM technology in 2008 was equal to 27% of the total technology gains (a total of $12.8 billion inclusive of farm income gains ($9.4 billion) plus cost of the technology payable to the seed supply chain ($3.4 billion ));

• For farmers in developing countries the total cost of accessing the technology in 2008 was equal to about 15% of total technology gains, whilst for farmers in developed countries the cost was 36% of the total technology gains. Whilst circumstances vary between countries, the higher share of total technology gains accounted for by farm income gains in developing countries relative to the farm income share in developed countries reflects factors such as weaker provision and enforcement of intellectual property rights in developing countries;

• Since 1996, biotech traits have added 74 million tonnes and 79.7 million tonnes respectively to global production of soybeans and corn. The technology has also contributed an extra 8.6 million tonnes of cotton lint and 4.8 million tonnes of canola;

• If GM technology had not been available to the (13.3 million) farmers using the technology in 2008, maintaining global production levels at the 2008 levels would have required additional plantings of 4.6 million ha of soybeans, 3.5 million ha of corn, 2.2 million ha of cotton and 0.3 million ha of canola. This total area requirement is equivalent to about 6% of the arable land in the US, or 21% of the arable land in Brazil;

• World prices of corn, soybeans and canola would probably be respectively 5.8%, 9.6% and 3.8% higher than 2007 baseline levels if the technology was no longer available to farmers. Prices of key derivatives (eg, soymeal) would also probably be 5% to 9% higher and prices of related cereals and oilseeds (eg, wheat, barley, sunflower) would be 3% to 4% higher;

• The global cost of consuming cereals and oilseeds would probably increase by $20 billion (+3.6%) relative to the 2007 baseline cost of consumption if biotech traits were no longer available to farmers;

• Average global yields would probably fall 1.5%, 4.3% and 0.65% respectively for corn, soybeans and canola if biotech traits were no longer available to farmers.

For additional information, contact Graham Brookes Tel +44(0) 1531 650123. www.pgeconomics.co.uk

Facebook is making a play for becoming the single handler of your online identity. With the new features and API tools it unveiled last week, the social network could potentially ‘infiltrate’ any website in the world, effectively taking over the web in a sense. And Mozilla has a very similar idea. It too believes that a univers… (read more)

The issue of Sunday liquor sales is still alive at the state Capitol.

With time running out on the way toward the state-mandated adjournment at midnight May 5, supporters have been publishing full-page advertisements this week in favor of Sunday sales.

The Connecticut Food Association and the Distilled Spirits Council of the United States, known as DISCUS, have paid for the advertisements that say the legalization would lead to more jobs and more revenue for the state. But the Connecticut Package Stores Association, led by longtime lobbyist Carroll J. Hughes, has been winning the battle for years under the Gold Dome by saying that allowing the sales on Sunday will simply spread out the same volume over seven days instead of six.

With the idea placed as an amendment on various bills, Senate Republican leader John McKinney of Southport said he does not see the issue coming up in the final week.

The Sunday sales are “probably not going to be part of an overall budget solution” as the legislature tackles a projected deficit of $700 million in the next fiscal year, he said.

“It’s an extremely controversial issue,” McKinney said when asked by Capitol Watch in the Capitol press room.

“There are Republicans that support and oppose Sunday sales. There are Democrats that support and oppose Sunday sales,” McKinney said. “My caucus will split. [The Senate Democratic] caucus will split. You don’t end up with a bipartisan budget. That type of a controversial issue is better off for another year, where it can stand on its own merits and not as part of a budget.”

Those favoring Sunday sales have created a web site at www.ENDCTBLUELAWS.org

But Hughes has argued repeatedly that the Sunday liquor prohibition is a liquor law, not a blue law. The blue laws were outlawed years ago.

The legislature’s program review committee staff analyzed the issue late last year, saying that the sales should be allowed.

http://blogs.courant.com/capitol_watch/2009/12/program-review-staff-recommend.html

Japan is all set to send out a craft in space, powered by solar power. The Japan Aerospace Exploration Agency will launch the space yacht, using solar sails on 18th May. Accelerated by the sun’s radiation, the Interplanetary Kite-craft will have solar particles bounce off its sails. Known as the Ikaros, the space craft will be the first of its kind to enter into deep space using solar sails.

This simply means that the craft will need no fuel to cruise through space. So long as it is near enough to the sun to catch a particle powered breeze, this sailing space craft will need no fuel whatsoever. The Ikaros sports 46-foot flexible sails, thinner than human hair, equipped with thin-film solar cells that generate power. This technology is sure to revolutionize space travel into a more cleaner and eco-friendly event.

[Popsci]

Fair value is really a simple concept. Given some select information such as dividends, dividend growth, holding period, discount rate and few other inputs, one can easily calculate the fair value of a stock. As with most simple things, the devil is in the details – the inputs must be correct to calculate a reasonable fair value, otherwise, garbage in, garbage out.

Accurately determining free cash flow, dividend growth rates and such on a forward looking basis is no simple task. Most analysts look to a company’s past to help determine how they will behave in the future. I am certainly no exception to that convention. My fair value model was constructed back in 2007 at a time many stocks had already fell from grace. As a result, a large number of companies were trading below fair value based on historical metrics. To reduce this number and focus in on only the best companies, I took an extremely conservative stance with my fair value model.

Calculating Fair Value

As a reminder, I consider the following when calculating fair value:

Avg. High Yield Price: Price calculated by dividing current dividend per share by the average high dividend yield for each of the last 5-years (dividend per share divided by the year’s low share price).

20-Year DCF Price: Price calculated by taking the Net Present Value (NPV) of the next 20 years of dividends and the estimated value of the stock at the end of 20 years.

Avg. P/E Price: Price calculated by multiplying the EPS (trailing twelve months) times the minimum of: 1.) 5-year average of high and low P/Es or 2.) Last years high P/E.

Graham Number: Price calculated by taking the square root of 22.5 times the tangible book value per share times EPS (trailing twelve months). Benjamin Graham, Warren Buffett’s mentor and the father of value investing, developed rules for the defensively screening stocks. This formula uses his principles to calculate the “maximum” price one should pay for the stock. He believed – as a rule of thumb – the product of P/E ratio and price-to-book should not be more than 22.5 (P/E ratio of 15 x price-to-book value of 1.5). The 15 P/E was was a result of Graham wanting his portfolio to have a yield equal yield to that of a AA bond (back then around 7.5%). The inverse of this yield is 1 divided by 7.5%. That works out to 13.3; he rounded up to 15.

Mid-2 Price: Of the four fair value calculations,  “Avg. High Yield Price”,  “20-Year DCF Price”,  “Avg. P/E Price” and “Graham Number”, the highest and lowest fair values are excluded and the remaining two calculations are averaged to calculate the Mid-2 price.

NPV MMA Price: The price where the NPV MMA value equals the NPV MMA target. The basis of NPV MMA value calculation is a hypothetical $1,000 investment in the subject stock and a Money Market Account (MMA) earning a 20 year average rate (I use a 20 year Treasury as a proxy). The value calculated is the net present value (NPV) of the difference between the annual dividend earnings of this investment and the interest income from the MMA over 20 years. Other assumptions include: 1.) dividends grow at a historically calculated rate, 2.) dividends are reinvested, 3.) share price appreciation is not considered, 4.) interest income is reinvested in the MMA. The NPV MMA target is determined based on the number of consecutive years of dividend increases. The formula is: Target = Base – (Years x Increment) + Minimum where Base=3,000, Increment=100, Minimum=500. Thus 0 years of dividend growth yields a $3,500 target and 30 years of growth yields a $500 target.

Historically, I have conservatively taken the lower of the the Mid-2 Price or NPV MMA Price as the stock’s fair value. Over the last year as the market has recovered and companies histories now include some very lean times, the pendulum has swung to the other extreme where very few companies were trading below my conservative calculation of fair value (in most cases driven by a low Mid-2 value).

Changes To The Fair Value Calculation

I have added to my model the ability to calibrate the Fair Value calculation based on where we are within the market cycle. Below are the various options:

Option: 1 = The lower of the Mid-2 price or the NPV MMA price (the historical option).
Option: 2 = Lesser of the Mid-2 price or NPV MMA price + lower of 10% increase or 25% of the difference between Mid-2 price and NPV MMA price.
Option: 3 = same as Opt: 2 except + lower of 20% increase or 50% of the difference.
Option: 4 = same as Opt: 2 except + lower of 30% increase or 75% of the difference.
Option: 5 = The higher of the Mid-2 price or the NPV MMA price.
Option: 6 = Weighted: 25% Mid-2 price + 75% NPV MMA price.

I am currently running with Option 4. It is pointing out some stocks that are still priced well when focusing on their dividend fundamentals, but are trading above their recent lows.

Seven Dividend Stocks Trading Below Fair Value

Here are some stocks that were identified as trading below their fair value:

Abbott Laboratories (ABT) | Analysis | Yield: 3.36%
– Recent Price: $51.20
– Fair Value: $61.24

Kimberly Clark Corp. (KMB) | Analysis | Yield: 4.33%
– Recent Price: $60.93
– Fair Value: $63.86

Harleysville Group Inc. (HGIC) | Analysis | Yield: 4.03%
– Recent Price: $33.46
– Fair Value: $38.44

The Coca-Cola Company (KO) | Analysis | Yield: 3.27%
– Recent Price: $53.88
– Fair Value: $57.92

Cincinnati Financial Corp. (CINF) | Analysis | Yield: 5.23%
– Recent Price: $30.21
– Fair Value: $33.09

Meridian Bioscience Inc. (VIVO) | Analysis | Yield: 3.51%
– Recent Price: $19.38
– Fair Value: $23.32

Colgate-Palmolive Company (CL) | Analysis | Yield:  2.44%
– Recent Price: $83.27
– Fair Value: $91.57

Like most investors, I prefer to have it all – a great dividend stock at a low price. However, this isn’t always possible. As a dividend investor first and a value investor second, I will always favor dividend fundamentals over fair value when forced to choose. Consider these two quotes by Warren Buffett:

“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

“Time is the friend of the wonderful company, the enemy of the mediocre.”

If you make a mistake and pay too much for a great company, eventually time will correct that problem. The same can’t be said for a poor or mediocre company.

Full Disclosure: Long ABT, KMB, HGIC, KO. See a list of all my income holdings here.

(Photo Credit)

Related Posts:

• Increasing Dividend Yield Part VI: Time
• 38 Dividend Securities For A Well-Rounded Asset Allocation
• Federal Reserve To Urge Banks to Stop Paying Dividends
• How To Buy Dividend Stocks At The Bottom
• Four Dividend Stocks Stepping Up In The Downturn

Have future posts delivered to you for free! If you enjoyed this post, please bookmark or share it here:

Japan is all set to send out a craft in space, powered by solar power. The Japan Aerospace Exploration Agency will launch the space yacht, using solar sails on 18th May. Accelerated by the sun’s radiation, the Interplanetary Kite-craft will have solar particles bounce off its sails. Known as the Ikaros, the space craft will be the first of its kind to enter into deep space using solar sails.

This simply means that the craft will need no fuel to cruise through space. So long as it is near enough to the sun to catch a particle powered breeze, this sailing space craft will need no fuel whatsoever. The Ikaros sports 46-foot flexible sails, thinner than human hair, equipped with thin-film solar cells that generate power. This technology is sure to revolutionize space travel into a more cleaner and eco-friendly event.

[Popsci]

Rumors circulating about big expansion of Greek bailout package. Read more at ForexLive.

Join the conversation about this story »

Well this might sound a bit morbid, but you can now bid farewell to your loved ones in an eco-friendly way. The Resomator is turning the funeral business in UK a shade green. This washing machine like contraption is a smokeless alternative to cremation. Using chemicals, the machine helps decompose the body quickly.

Costing around £300,000, the Resomator is filled up with a mix of water and potassium hydroxide that helps dissolve body tissues and organs speedily. Placed in a sealed silk or wooden coffin, the body is placed on a stainless steel shelf inside the metal cylinder and the chamber is heated to 180 degrees, breaking down the body in less than three hours under extreme pressure. This may sound frightening at first, but it does save the ozone to an extent. And then again, there’s always the burial alternative.

[Dailymail]

When it comes to the PIIGS, Dr. Doom is in full-on doom mode.

Felix Salmon has some good notes on a PIIGS panel from the Milken Global Conference, which included Nouriel Roubini, who is in his wheelhouse when talking about sovereign debt crises.

Nouriel, of course, takes that kind of thinking to its logical conclusion, and kicked off the panel by announcing that it was just in time: “in a few days,” he said, “there might not be a eurozone for us to discuss.” There’s no way that Greece can implement the 10% spending cut it needs to do in order to stop its debt spiralling out of control at current interest rates — and even if it did, the economic effects would be disastrous.

Nouriel’s base case, then, is Argentina 2001: after all, Greece has a much higher debt-to-GDP ratio, much higher deficit-to-GDP ratio, and much higher current-account deficit than Argentina had back then. And if that’s the base case, there’s no way that Greek debt should be trading anywhere near its current levels.

And guess what: Spain is worse than Greece, says Roubini. Ugh.

Now see who’s going to get pounded in a Greece collapse >

Read Felix’s full post here >

Join the conversation about this story »

See Also:

• Credit Default Swap Spreads Blowing Out In Greece, Portugal, And Poland
• Faber: It’s Time To Kick Greece Out of The Eurozone
• Thousands Of Greeks Haven’t Paid Property Taxes In Years, And The Government Can’t Make Them

If there’s an ecosystem where things are free (such as, say, the internet) your currency becomes enthusiasm. Quality is important because it gives people a legitimate reason to become excited. Sincerity is what creates the line between real enthusiasm and empty hype.

This sounds like a lame-brain observation, but things are better if creative people produce work that incites excitement in both the creative and the audience. Don’t be shocked if something fails because it lacks fervor and passion. Build those in, if you can. If you can’t, consider starting over.

—Frank Chimero’s Ideas

By Mark Sweney: Yahoo (NSDQ: YHOO) has struck a deal with the Premier League for the UK online highlights for the 2010 to 2013 seasons.

From the start of next season in August, Yahoo, which is in final contract negotiations with the Premier League, will run a five-minute highlights package of every match on Yahoo.co.uk. Highlights will be available from midnight on Sunday after weekend matches and at midnight the same day for midweek fixtures. Virgin Media (NSDQ: VMED) currently have the rights.

“The acquisition of Premier League rights shows how serious Yahoo is about providing the best in video content for our both our users and advertisers,” said Rich Riley, the company’s European managing director.

Yahoo’s deal also includes the right in the UK to syndicate all, or part, of the Premier League highlights content to third parties.

Yahoo in the US has similar deals with big name sports including the NBA basketball, PGA golf, NHL hockey and MLB baseball.

Check out this video on ways to recycle cell phones, batteries and more. Specifically Best Buy will take back most consumer electronics …

Via: SmartPlanet LINK

WASHINGTON–Senate Democrats–for a second time–on Tuesday could not muster enough votes to debate their Wall Street reform measure–with every Republican voting no. Democrats are using the GOP no votes to rally their troops. A third vote is set for Wednesday and Senate Republicans are expected to again vote no.

No matter the GOP reasons for voting no–the White House and the Democrats are using the no votes to hit the GOP as being out of touch after the worst financial meltdown since the Depression.

The Democratic National Committee’s Organizing for America operation–(the DNC absorbed the Obama for President campaign, which is why OFA uses the Obama campaign logo)—- on Tuesday night started sending e-mails to the millions on its mailing list. “OFA is taking an aggressive stance — calling out the opponents of Wall Street reform by name in each state — and ramping up grassroots pressure nationally,” I was told. Also: OFA is planning a Day of Action on financial reform next week.

And on Wednesday morning, the Democratic National Committee released a spot titled “Risky Business” slamming Republicans for “taking the side of big Wall Street banks over the Main Street families.”

The ad runs in Washington and on national cable outlets.

This comes as President Obama on Wednesday delivers a speech on the need for Wall Street reform in Quincy, Ill., the last leg on a “Wall Street to Main Street” Midwest swing– that took him to Iowa and Missouri.

The Tuesday 57-to-41 roll call was not enough to block a filibuster. Democrats needed 60 votes to start floor debate.

below, ad text…

VO: Wall Street’s risky bets nearly sank our economy
CHYRON: Dow Jones Plummets in Early Trading [Washington Post, September 15, 2008]
CHYRON: WORST CRISIS SINCE ’30S, WITH NO END IN SIGHT [The Wall Street Journal, September 28, 2008]
CHYRON: A Financial Drama With No Final Act In Sight [The New York Times, September 14, 2008]

VO: But when it came to Wall Street reform that would protect consumers and prevent future bailouts
CHYRON: But on Wall Street Reform to Protect Consumers and Prevent Bailouts

VO: Every Senate Republican voted no
CHYRON: Every Republican Senator Voted No

VO: Republicans voted to block reform after a fundraiser with Wall Street lobbyists
VIDEO: Bank Lobbyists Huddle For Another Secret Meeting With GOP Senators [Think Progress, 4/22/2010]

VO: Republicans stood by as Wall Street ran wild
CHYRON: Republicans Stood By As Wall Street Ran Wild

VO: Tell Republicans – if they side with Wall Street over Main Street, you won’t be siding with them
CHYRON: TELL REPUBLICANS: If they side with Wall Street over Main Street, you won’t be siding with them.

[DNC DISCLAIMER]

THE WHITE HOUSE
Office of the Press Secretary
_______________________________________________________________________________________
FOR IMMEDIATE RELEASE
April 27, 2010

DAILY GUIDANCE AND PRESS SCHEDULE FOR
WEDNESDAY, APRIL 28, 2010

The President will continue the White House to Main Street tour with stops in Missouri and Illinois. In the early afternoon, he will tour POET Biorefining in Macon, Missouri and talk to workers about what they are experiencing during these tough economic times and share ideas for rebuilding our economy in the long term. There will be travel pool coverage of the tour. The President will then deliver remarks and share ideas for rebuilding our economy in the long term. This event is open press.

Following his visit to POET Biorefining, the President will tour a local farm and visit with the family who operates the farm. There will be travel pool coverage.

Later in the afternoon, President Obama will deliver remarks on the urgent need to pass financial reform and will discuss how strong Wall Street reform will protect American families on Main Street at the Oakley Lindsay Civic Center in Quincy, Illinois. This event is open press.

The President will return to Washington, DC in the evening. The arrival on the South Lawn in open press.

In-Town Travel Pool
Wires: AP, Reuters, Bloomberg
Wire Photos: AP, Reuters, AFP
TV Corr & Crew: CNN
Print: Washington Times
Radio: Talk Radio

Out-of-Town Travel Pool
Wires: AP, Reuters, Bloomberg
Wire Photos: AP, Reuters, AFP
TV Corr & Crew: CNN
Print: New York Times

CDT

9:30AM THE PRESIDENT departs Des Moines, Iowa en route Quincy, Illinois
Des Moines International Airport
Open Press

10:15AM THE PRESIDENT arrives in Quincy, Illinois
Quincy Regional Airport
Open Press

12:20PM THE PRESIDENT tours POET Biorefining
Macon, Missouri
Travel Pool Coverage

1:00PM THE PRESIDENT delivers remarks on rebuilding our economy
POET Biorefining, Macon, Missouri
Open Press

2:20PM THE PRESIDENT tours a local farm and visits with the family that operates the farm
Palmyra, Missouri
Travel Pool Coverage

4:00PM THE PRESIDENT delivers remarks on the urgent need to pass Wall Street reform
Oakley Lindsay Civic Center, Quincy, Illinois
Open Press

5:15PM THE PRESIDENT departs Quincy, Illinois en route Andrews Air Force Base
Quincy Regional Airport
Open Press

EDT

7:30PM In-Town Travel Pool Call Time

8:05PM THE PRESIDENT arrives at Andrews Air Force Base
Out-of-Town Travel Pool

8:20PM THE PRESIDENT arrives at the White House
South Lawn
Open Press (Pre-set 7:50PM – Final Gather 8:05PM – North Doors of the Palm Room)

Briefing Schedule

Deputy Press Secretary Bill Burton will gaggle aboard Air Force One

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