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Thursday, September 27, 2007

Buying Wholesale Sports Apparel

When people want to dress well even when playing basketball or football, the clothes worn have to fit the part. This means wearing something like Fubu, Nike or Reebok instead of some cheap knockoff that will get torn after a few washes.

The quality of the thread used plays a big part in the cost of the shirt. Discounts or sale events only happen when the season is about to end so if the person wants to be in style, the customer has no choice but to pay for it.

Is there no way to get a good bargain? Yes there is because there are sites on the web that buy these from suppliers at wholesale then sell it to people at rock bottom prices.

An example could be a Nike pair of shorts that will cost $24.99 in the sporting goods store. Believe it not, these same item can be purchased off the internet for just $8.99. This means the customer can almost get three items for the price of one.

Things like these are considered to be a good bargain and those who want it will just have to give the credit card details and once approved, the company will have this prepared and delivered to the clients home in a few days.

There is another reason why many people are using online wholesale websites aside from the price. The individual can go online anytime since the store is open 24 hours a day seven times a week so there wont be any pressure in looking over any time before deciding to purchase it.

Though there might be a problem with the fitting, this can be avoided by going into a store and fitting a similar item.

Online sites dont only sell clothes but other items as well. If the customer is satisfied with the matching top and bottom, there are also sports accessories such as socks, shoes and bags that can be taken to the gym, court or field.

Being fashionable doesnt always mean shelling out a lot of money as long as there are online stores that are able to buy these and sell it at discounted prices. The person will just have to find it in the Internet to be able to look and feel good instead of waiting for few months to pass when these retailers go for the end of season sale.

Low Jeremy maintains http://sports-apparel.articlesforreprint.com This content is provided by Low Jeremy. It may be used only in its entirety with all links included.

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Wednesday, September 26, 2007

Anatomy Of A PR Campaign

The message is determined by analyzing the brand being marketed, and doing so with clear vision and self-knowledge. Too many marketing executives rely on their own concept of the brand's identity, and never bother to discover what attributes the public has assigned to a product. Just because you've decided that you want to project a certain image doesn't mean that's the image you're projecting. Extremely high-profile marketing campaigns have failed because not enough market research and communication with the consuming public were done.

For example:

When AT&T Wireless decided to consolidate its wireless phone, pager, and internet technology into something called mlife, it gave the public examples of what the company meant. Unfortunately, the public still doesn't understand, and has no idea what the m stands for (it is messaging).

United Airlines has long invited the public to "fly the friendly skies of United." The public has noticed that the experience on the plane is not terribly friendly, and is now distrustful of all airlines' claims.

The criteria for effective public relations messages should be: (1) is it true? (2) Is it unusual? (3) Is it interesting?

On the other hand, if a company already exists in the marketplace, a new message will have to be identified. For retail companies, the addition of a new product category or a price reduction are always effective messages.

Sales promotions, particularly very public or extremely unusual ones, make good messages. Anything out of the ordinary being done by the company in the name of public service or community aid is a legitimate message.

In order for the message to be even rudimentarily effective, it absolutely must be true. Remember, the message is being disseminated by the legitimate news media; a false message will be discovered and exposed, and win immediately brand the company negatively. It will do more damage than having no message at all, and such situations must be avoided at all costs.

Unique messages are going to be more noticeable and more attractive to the gatekeepers who determine which stories are told and which are not. So an unusual message--something a company is doing that no one else has considered or been creative enough to conceive-will be considerably more successful than one that seems tired or old simply because it has been seen before.

It goes without saying that the message must be interesting. If it is unique, unusual, and true, but without any interest to the general public, the message being delivered will most likely never find the light of day. If it does, it will undoubtedly be ignored, or worse, ridiculed. Many companies make the mistake of assuming that if a message seems unusual and interesting to them, it will be those things for the general consuming public. People in business tend to find their business fascinating; it is the thing they spend most of their time thinking about, so they are more knowledgeable about and concerned with their business than any casual observer or consumer would be. That is only natural and proper. But it is far too easy to make the miscalculation that a message that might be fascinating to an industry insider-for example, "Ours is the only paper bag made with 100 percent maple fibers"-will also be of interest to a casual user of the product. In almost every case, that assumption will be proven untrue.

So, commununication with the consuming public is an essential component to any successful Branding venture. Discovering from the public what its true feelings are about the brand identity being contemplated, as well as any changes being discussed concerning an existing brand identity, can help a wise marketer avoid miscalculations that can prove disastrously costly and possibly fatal to the brand, the product, or the company.

This is not to imply that the public must be allowed to dictate all Branding decisions, however. What's more important is for anyone involved in Branding to have a clear-eyed view of their brand identity. Wal-Mart remains a wildly successful brand by not trying to be Tiffany's. McDonald's, although it has slipped precipitously as a trusted brand in recent years, still has the good sense not to hire Wolfgang Puck to rethink its hamburger recipe.

When a Branding professional loses sight of the original mission-that is, the brand identity-and tries to be all things to all people, the results are almost always calamitous. The archetypal example of New Coke works as a warning about so many different Branding errors that it seems clichd to mention it, but consider: The fundamental miscalculation being made was the level of loyalty the average Coca-Cola drinker had for what was, and remains, unquestionably the most well-known, best-loved brand identity on this planet. To think it was a good idea to remove this beloved product-in favor of a formula that emulated the competition and was bound to alienate Coca-Cola loyalists who had stuck with the brand, in some cases, for decades-is astonishing.

A FEW BASIC PROMISES

Public relations can operate effectively only when a clear, realistic brand identity has been conceived. Certainly, PR, professionals can be part of the team that establishes that identity, but it must be, above all else, a true identity. That means it must have specific attributes, specific philosophical tenets, and, most important, a few basic promises made to the consumer that will never, ever be broken.

These promises, which should be written down in the simplest language possible and distributed on a regular basis to every employee of the company, are a covenant made with the public. They define the brand identity; they provide reasons to patronize the brand; and they offer, at the most basic level, differentiation from all competing brands. They are never to be taken lightly by any employee, and under no circumstances are they ever to be broken for any reason.

If your business is a store that sells items that cost $1 apiece, you must never charge $1.05 for anything. If your restaurant prides itself on cleanliness, the rest rooms have to be absolutely spotless anytime anyone walks in. If your promise is that every customer will be served within 30 seconds of entering, you'd better have a stopwatch on every employee's wrist and be sure it's operating accurately.

The promises your business makes are the central core of that business. If you've promised to provide the longest hot dogs in town, and you provide them, no reasonable person is going to complain that you don't have the best crpes suzettes as well-unless you've promised that too.

It's extremely important that the promises you make flow from your brand identity. Understand what you are to the public and what is expected of you, and you can make bold but realistic promises. Try to provide every solution to every problem, and you win end up providing nothing that is the least bit effective.

Consider, for example, the disney brand. Here is a company whose name and logo are recognized in every country on the planet, whose message is received and understood everywhere from Beverly Hills to Beirut. It was once estimated that Mickey Mouse was the most recognized figure anywhere on Earth, more than the president of the United States, more than Tom Cruise, actually more than Santa Claus (who is famous in only about one-third of the world's countries).

On the surface, disney might appear to offer all things to all people. Besides its movies and television programs under the Walt disney name, it also produces entertainment under the Touchstone and Hollywood Pictures banners. disney has a network television show on a network it owns (ABC), and also provides programming on cable TV via the disney Channel and ABC Family. The company owns theme parks in California, Florida, Japan, and France. It also owns ESPN, publishing companies, video distribution companies, real estate, and retail stores. disney logos appear on merchandise ranging from souvenir Mickey Mouse ears to fashions created by respected designers, electronics, calendars, furniture, musical instruments, sound recordings, and timepieces. disney produces Broadway shows. It even owns a town in Florida.

But no matter how widely it casts its net, disney always promises its customers the same things: high quality, fanatical customer service, and a dedication to the family. It might produce some R-rated movies under its Touchstone, Miramax, or Hollywood Pictures umbrella, but never with the disney name. It will provide scary thrill rides in its theme parks, but you'd better believe the streets in that park will be clean and the "cast members" who work there will find a way to solve virtually any problem a guest might have during the stay. Guests at Walt disney World are never told, "We can't do that"; they are always given at least an alternative solution. Maybe the ABC network will broadcast NYPD Blue, which offers controversial language and partial nudity, but the disney Channel won't ever consider such a thing. If disney produces a show on Broadway, you can rest assured that children will be admitted and the content will not offend their parents.

disney has become the tremendous conglomerate it is today by making promises to its consumers and keeping them consistently since the company's inception. Anything that bears the disney name has a special trust, a covenant with the consumer, and disney lives up to that covenant every single time.

It's easy to ridicule the seemingly fanatical insistence disney has on referring to its employees as cast members, in considering the consequences of every word spoken on every program its networks air, in not allowing its male employees to grow beards, or in its sanitized image that seems unrealistic in modern society. But it would be foolish to attack the surface of the disney brand and overlook the unprecedented success it has enjoyed for a number of decades. The company continues to grow, but never for a moment does it take its covenant,the promises it makes to its audience for granted.

Go to the disney Web site at www.disney.com and you'll see the company's dedication to its core philosophy at work with every click. Want to discuss a vacation at Walt disney World in Florida? You can book your vacation, including airfare, car rental, hotel, and theme park tickets, through disney online. If you need personal assistance, phone numbers are always available. News about upcoming movies from the disney studios can be found, including coming attractions trailers. Games are available for children and adults. Want to buy some disney merchandise? The disney Store has an online catalog. There is always the option of speaking to a disney representative with any question or concern you might have. And the disney Web site is careful not to provide links to ABC, Touchstone, or Miramax, because those companies deal in material that, although affiliated with the parent company, does not conform to the disney brand. They are separate brands and are treated separately. They have their own Web sites.

While the philosophy is not directly presented to the consumer in words, it is not in the least difficult to discern or understand. disney will provide you with high-quality, attentive customer service and a dedication to family. It's there on the Web site, in the theme parks, and in the entertainment provided by the company under its own name. Under no circumstances does the disney Company ever renege on those promises, and it holds firm to them in every aspect of its branded business.

On those occasions when there is even the suggestion of a break with the covenant, disney works swiftly to correct the situation. When some video copies of its animated film The Little Mermaid were rumored to have an off- color visual joke in three frames (1/8 of a second), the company made sure the rumors were dispelled, and the offending three frames, although they really didn't contain what the rumors said they did, were cut from subsequent copies. disney takes its covenant very seriously.

BRANDING IS ESSENTIAL

Everything impacts on Branding--the smell of the bathroom, the signs in the window, the product being sold in the store, the things people say. One of the most powerful things that impacts all people's perceptions is what they read, see, or hear about in the media, because it carries with it the imprimatur of the media outlet.

To illustrate: If a garage band pays to produce its own CD and sends out fliers to every record store in the country saying the album is a breakthrough collection, it won't carry a fraction of the impact that same CD win have if someone on MTV uses the exact same words, because now the brand of the garage band has been enhanced with the brand MTV.

The old saying, "There is no such thing as bad publicity" is absolutely incorrect, however. Having a brand's name mentioned in the media is a very strong influencer, and it can cut both ways. Should a media outlet say something negative about a brand-even if the information is proven to be totally inaccurate-the negative repercussions on the brand identity can be devastating. It can take a lot of damage control, in the form of advertisement, retractions from media outlets, and strong statements from the brand itself, to undo one misplaced comment from a credible media outlet. Sometimes the damage can't be controlled or undone.

When public relations is done properly, an item of information is disseminated to media gatekeepers, who then decide to report the information either directly or indirectly. Reportage is done, research is accumulated, interviews are performed. Eventually the information item becomes a media report, and it is at that moment that the public relations professional can no longer control it entirely. Media outlets-particularly the most desirable, most credible ones- operate autonomously, reporting the information they deem necessary or interesting and excluding all else. Time constraints, space limitations, and the realities of economics play as prominent a role in the decision-making process as the newsworthiness of the information being considered.

If a company is launching a new brand, the temptation will exist to try to saturate the market with information on that brand. Often, when my company is contacted about the creation of a new brand or a new product, the request will be, "Get us as much exposure as you can." That is absolutely the wrong thing to request at that time, because it is not a strategic position.

Such a company should be requesting a strategic plan that is consistent with their short-, middle-, and long-term goals. (Short-term is defined as 6 months, mid-term as 18 months, and long-term as 36 months.) It's very important to define those goals before seeking media exposure, because the lack of a goal is the lack of a plan, and that will obliterate any hope of Branding before it ever has the opportunity to begin.

In Lewis Carroll's Alice's Adventures in Wonderland, there is a marvelous moment in which Alice, trying to find her way through the maze that is Wonderland, asks the Cheshire Cat for direction. The cat asks, quite logically, where Alice's destination might be, and she replies that she doesn't care where she ends up, but needs to know which road to take. Told that Alice doesn't care where she's going, the Cat replies, "Then it doesn't matter which way you go."

Companies that want to create brands but don't know what their specific goals are for the next 6, 18, or 36 months can't possibly be expected to define their brand identity or the proper kind of media coverage they need to best exploit their brand's possibilities.

A good percentage of Americans believe that Elvis is still alive; there's no accounting for what people might think. But the reality is that a Branding campaign, fueled by public relations efforts, will fail miserably if it doesn't have specific, well-defined goals in place for various points in the future before it begins.

How do the elite Branding experts determine their goals ahead of time and pass that information on to public relations professionals? It helps to be first in your field. Those companies that came to the marketplace before anyone else - Wal-Mart, Johnson & Johnson, Kleenex, Coca-Cola, disney, McDonald's-had an advantage before they generated their first media placement. Nobody was ahead of them, and they knew precisely what they intended to do.

Keep in mind that most of those brands established themselves very early with very little (in many cases, close to no) advertising budget to work with. They managed to create an impression in the minds of consumers without spending millions in magazines and newspapers or on radio or television (in those cases when radio and television existed at the brand's inception).

They did it almost exclusively with public relations. These companies had a plan, a course of action, long before they had a brand name or a brand identity. They projected the possible sales for their products and services and had realistic goals for the coming six months, the coming year, the coming three years. In many cases, those goals were far exceeded, due in large part to the brilliant public relations campaigns that had been launched and executed to establish and support the brand. Without those plans, goals, and projections, there would have been no road map-and, as the Cheshire Cat would say, there would be no point in choosing one road over another, since it wouldn't matter where you ended up anyway.

It is extremely important, then, to set realistic goals. In order to do that, the smart Branding practitioner needs to have a clear-eyed view of his or her own product and company. Only with that can a true brand identity be created, one that will capture the imagination of the targeted consumer and differentiate the new brand from whatever competition currently exists or will exist in the future. Keep in mind that even those who were first ended up dealing with competition. Kleenex may be the most famous brand of tissue available today, but it is far from the only one on the market.

Michael Levine is the founder of the prominent public relations firm Levine Communications Office, based in Los Angeles. He is the author of Guerrilla PR, 7 Life Lessons from Noahs Ark: How to Survive a Flood in Your Own Life.

GuerrillaPR.net is a resource for people that want to get famous in the media, without going broke. http://GuerrillaPR.net

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Tuesday, September 25, 2007

Income Suites And Primary Residences

In today's real estate market people are spending a good deal of time trying to find ways to make their primary residence pay off a little bit better. One way that this can be done is by installing or renovating an income suite. Income suites are fantastic for helping out with monthly bills, mortgage payments and are better for the safety of the home. In a general sense a good income suite can almost or entirely pay your monthly mortgage payment leaving that money available to you for your other bills and costs. Finding the right tenants for such a suite is imperative as this is your primary residence and your respite from the world so the tenants have to be perfect. If you are the kind of person that goes on long trips this can also bring real peace of mind as there is someone taking care of the home, and who is there on a regular basis.

If your home does not already have a suite then they are relatively simple to install. The main thing that you will have to worry about is putting in the kitchen. Now the kitchen for a suite does not need to be huge but it should have all the trappings of a regular kitchen that is; stove, sink, storage space, fridge etc. Organizing the space so that kitchen sinks and bathroom sinks and the shower or tub can plug into existing plumbing can save you allot of money in startup costs. Plumbing can end up being a major cost so try to plan out the suite accordingly. Also try to think about what the average renter needs and try to supply that. The more amenities you supply the more you will be able to get for the suite on a monthly basis.

This is also a great way to add value to your home as home buyers love to see properties with secondary suites. This is especially true of real estate investors. Any kind of property that offers a dual income opportunity will be a highly prized property. Investors spend months looking for the right dual income properties, as they really are ideal rental properties. Careful planning is essential in an kind of rental situation so plan this out properly and it should be quite profitable.

Carey Frankel is a real estate agent and associate broker serving the Jacksonville, Florida real estate market. For elite service and accurate information on Jacksonville Homes contact Carey or visit online at http://www.frankelrealtygroup.com

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Sunday, September 23, 2007

It Takes Two - It Takes Work

In essence the commitment you make when you choose to be in a relationship with another person is a commitment with yourself first and foremost. You are agreeing that you will do the work, you will put in the effort, you will do whatever you can to make this team work. Teamwork? Well yes, that's exactly the point. When you enter into a relationship you are also agreeing to be part of a team, one that will protect and serve, a team that will beat the odds. So let's try and answer some of those questions shall we?

So how do you keep your relationship going?

Put the effort in. That means thinking the right things, doing the right things and saying the right things - consistently. What sort of things? Well you could be genuinely appreciative of your partner no matter what the occasion (when they make your dinner, iron your shirt, pack your lunch, buy your shampoo etc) and that means you need to be thinking about being appreciative all the time, so you can see when the 'right moment' arises. In addition to this, we all like surprises, so every now and then be appreciative in advance - do something that'll remind them just how grateful you are to be in their team. Flowers, chocolates and weekends away are obvious examples but the thought doesn't have to translate into money - you can be creative with the thought. I recently painted a cardboard box with some poster paint and filled it with confetti - that brought a smile.

How much effort does it really take?

In truth, a fantastic amount of effort is required over a sustained period of time but the reality may feel different - it may feel that for the bulk of the time, you are not making any effort, you are simply enjoying doing the things that make you happy, the trick is to do those things the same when the dark clouds roll over and trouble rears it's head - that's when you make the most amount of effort and draw on the energy of the free and easy good times.

Do I have to stop being 'me'?

The short answer is NO. But it really isn't as simple as that is it? When you're part of a team you give something of yourself to make that team work and you also accept those elements that other people add to the team and take those things on board and that may then colour how you see/do things differently? I would suggest that maybe, you are not stopping being 'you' but you may be adding things and that maybe being 'you' will to others then be subtly different?

So, with all this in mind, are you ready for that relationship? Are you ready to work on the relationship you have?

Alan Gee is a Life Coach and Motivational Speaker

"Why waste any part of any day, you're only on the planet once?"

W: http://www.alangee.co.uk E: info@alangee.co.uk

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Poster Professional Rodeo Star- Capturing The Essence Of Western Heritage

Buying a poster of a professional rodeo star should not be very difficult as there are a number of places that sell exciting such items. There are many cowboy posters as well as bronco riding posters as well as bull riding ones to choose from. If you are looking for some very good professional rodeo star posters then you should check out the works of Jack Sorenson who is a renowned Western artist and who also owns Leanin Tree, which is the largest of Americas greeting card companies with a Western theme.

Check Out The Works Of Jack Sorenson

A look at the wonderful professional rodeo star posters made by Jack Sorenson will reveal an exciting collection of everything related to the Wild West that do not cost much, but say a whole lot. Each of his professional rodeo star posters is unique and evocative of the wonderful days gone by as well as of the current scene as far as present day rodeos is concerned.

No collection of professional rodeo star poster would be complete without having Trigroys poster. Trigroy is descended from the Roy Rogers horses on which Buss Carson performed trick riding in the 1960s at many a rodeo show. This is a horse that has regaled many spectators with his rearing as well as dancing tricks and a poster of him would be a welcome addition to any rodeo fans collection.

Another professional rodeo star poster worth owning would be that of Ty Murray who was an inductee of the ProRodeo Hall of Fame in 2000 and who took retirement at the age of thirty-two. A poster of this maestro would be most appealing as he is a professional rodeo star who dominated the sport and had nine Professional Rodeo Cowboys Association world championships to his credit.

http://www.passionateaboutposters.com has all the information you will need if you are looking for any type of poster be it a movie poster, an animal poster,a vintage poster, pop poster,movie star poster. It also has all your poster need for poster prints and poster framing.

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When I'm Gone/ Eminem Song review

Rating: 3.75 stars

I discovered Eminems most recent song thanks to a fellow fan from my French Eminem forum. In fact, this is a radio edit of Marshalls exclusive song.

You all know how much I am into Eminem and Id like to share my feelings and impressions with my readers straight away.

While listening to the lyrics of the song, sadness overwhelmed my soul and I kept asking myself: What is wrong with you, Marshall Mathers? Is it so hard for you to say good bye to your fans or is there something else you want to tell us all?

The song is gently introduced by light bell sounds and followed by numerous violins which make the listener feel how much the pain is deep and how much Marshall speaks from his heart.

Marshalls mind is troubled right now and his most recent song made me feel sad and uncomfortable. Yes, he let his emotions out of his chest. Moreover, he made his public feel there was something wrong with him.

For the first time, Eminem has a broken voice on a track which reflects his broken heart. What is happening to Marshall right now? I think I have an answer for my readers.

Marshall feels like it is time the curtain of his public show closed for good. Not that he doesnt love his fans, but Marshall re-questions his choices and priorities.

Eminem recalls all the good times and the drama that happened in his love life.

As the good family man he is, Marshall is very conscious that he sometimes makes his daughter suffer through his absence. His lack of time and Kims whereabouts sometimes make Hailies life a real nightmare. When the little girl is looking for her parents, she is unable to find any of them. People who have followed Kims story know that she went AWOL, spent some time in rehab and in jail because of her cocaine addiction problems. Hailie was left with no answer during her absence. Her loving dad, her emotional support was always on the move, whether he was touring or promoting his album.

The refrain is like tears falling from Eminems heart. Marshall is conscious of his daughters pain and it literally breaks his heart:

...And when I'm gone, just carry on... don't mourn. Rejoice every time you hear the sound of my voice, Just know that I'm looking down on you smiling, And I ain't gon' feel a thing, So baby don't feel no pain. Just smile back...

His fans ought to know that deep inside of him, Marshall lives a real drama. He is heartbroken, inconsolable, helpless.

His daughter, the sunlight in his life, doesnt want him to go on touring. Eminems insecurities and feelings of guiltiness follow him into his dreams and turn into a nightmare:

I keep having this dream, I'm pushing Hailie on the swings She keeps screaming, she don't want me to sing. You're making mommy cry. Why ? Why is mommy crying, Baby, daddy ain't leaving no more - daddy you're lying. You always say that, You always say this is the last time, But you ain't leaving no more, Daddy you are mine. She's piling boxes in front of the door trying to block it Daddy please, daddy don't leave, daddy, no stop it.

Back to reality, the inside drama goes on. Hailie pulls a little picture for her dad out of her pocket. While being on stage, the pain increases with intensity. Marshall can hear the voice of his conscience telling him:

"You have got one more chance to do right, and it's tonight Now go out there and show that you love them before it's too late." And just as I go to walk out my bedroom door It's turns to a stage, they're gone and this spotlight is on And I'm singing...

On stage, the crowd acclaims Marshall in a very loud scream.

While the fans are throwing roses at his feet, Marshall can hear the voice of his daughter telling him:

"Daddy it's me, help mommy her wrists are bleeding!" But baby we're in Sweden, how did you get to Sweden ? I followed you daddy, you told me that you weren't leaving. You lied to me dad, and now you make mommy sad And I bought you this coin, it says "Number One Dad".

Eminem makes some reference to the drama that happened in 2001. Kim made a suicide attempt, trying to slit her wrists. Maybe the fear of another drama is still present. The past backfires hard into Marshalls head and pumps loud like heartbeats.

Hailies voice is there, once again, in form of reproaches:

- It's too late dad, you made the choice Now go up there and show them that you love them more than us. That's what they want, they want you Marshall, they keep screaming your name It's no wonder you can't go to sleep... Just take another pill... Yea, I bet you you will. You rap about it... Yea, Word, Keep it real.

Hailie feels like his dad loves his fans more than his own family. Marshall feels like his mind is split between his love for his family, his passion for the music and the feeling of owing his shows to his fans. He also makes some clear references to his sleep medication addiction.

Eminem is a brilliant performer who is loved for what he does. I will never forget when I first saw him on stage in 2003 at the Paris Bercy show and Id like him to know that this unforgettable event is one of the most beautiful moments he offered me through his music and great performance. I will keep the magic of his show in my heart as long as I live.

I am asking myself if Eminem is feeling guilty of being absent so often or if he also puts a burden of guilt on his fans shoulders. Eminem ought to know that true fans will always be very understanding towards his situation and the way he feels.

It seems very clear that Eminems heart is bleeding right now. The fans need to understand that Marshall is tired, that he has some issues to solve and that he really needs to take a break.

Marshall has visions of nightmares into his mind while the curtain closes and he says goodbye to the crowd:

I hear applause, all this time I couldn't see How could it be, That the curtain is closing on me. I turn around, find a gun on the ground Put it to my brain and scream "Die Shady!" and PUMP IT. []My life flashes, the plane what I was supposed to be on crashes and burns to ashes

He suddenly wakes up from his horrible nightmare when hes back home:

That's when I wake up, A long hot spring and there's birds singing It's brilliant, Hailie's outside swinging, I walk up to Kim and kiss her. Tell her I miss her, Hailie just smiles and winks at her little sister. Almost as if to say...

Marshall, you filled my eyes with tears with your brand new song. I feel that too many problems are unsolved and do hurt inside of your family. Take the time needed to heal your heart. We love to see you performing, but your loyal fans dont want you to pay the highest price just to please our eyes and ears.

Eminem is telling us that he is not only physically exhausted, but also mentally. Let him close the curtain if he feels it is time to do so. A little girl has been deprived of her father for numerous years. Life is precious and Marshall needs to spend some time with his beloved ones.

Touching but very sad song that allowed us to penetrate into Marshalls bleeding heart and gave us some insight about how he really feels right now.

Copyright2005 by Isabelle Esling

All Rights Reserved

I do teach English and German at public schools. I am an Eminem biographer and a freelance music journalist.

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Saturday, September 22, 2007

The mortgage Industry's Woes, What Does It Mean?

Well... my previous forecast while calling for tightening of guidelines and a resulting vicious circle of too much inventory and not enough buyers has just gotten worse.

What exactly is going on?

Let me start by explaining the hierarchy if the mortgage lending industry. You purchase a home and apply for a mortgage from your local broker or bank. They close the loan through a wholesale lender who funds the loan with their money. The wholesale lender then packages your loan with a bunch of other like loans and sells them to a Wall Street firm or if they are large enough they securitize them themselves and sell them as such in the marketplace. In either case they get their money back plus a small premium over what they paid your broker or bank. Now these mortgage backed securities (MBS) are purchased by large asset funds created by the large wall street firms to give their large personal and corporate clients a place to invest their cash, and believe me, there is plenty of cash out their to be invested!

Got it?

Now youve got billions of dollars worth of these exotic loans like pay option ARMs, Stated income, No Doc, etc. at high loan to values ( 95% - 100% ) that were made over the last 5 years sitting in these big asset funds. Now these loans start to adjust, some as little as 2-3% above the original note rate but a lot more are even higher like the case of some pay option ARM's(6-6.5%) above the low rate option.

Now it doesnt take a rocket scientist to figure out what happened next, right? You guessed it, housing prices stabilized or went down and folks couldnt refinance their way out of the loans so they defaulted and foreclosures rose! Here is where the vicious cycle comes in, the more loans that defaulted, the tighter the guidelines got because the secondary market ( Wall Street ) wouldnt buy these riskier loans and then more loans defaulted and the guidelines got tighter, and so on, and so on.

Back to our friends with the large asset funds that are chock full of these types of loans.

Those loans that defaulted are no longer making their payments and if no payments are being made, no interest is being paid (which is the funds source of income from these loans) so these loans have no value, they are non performing assets. On top of that the market no longer accepts these types of loans so the funds cant even sell the loans that havent defaulted yet! Oops!

Now this is a somewhat simplified version, I could get into more complexities but, for the purposes of this forecast and the broad audience it reaches, I think you all can get it.

O.K. what does all this mean to you the consumer? Quite simply, you will have to have more skin in the game ( down payment or equity ), document your income and your assets and have a middle credit score of at least 620 (680 or higher will get you a better rate).

Oh, youll still be able to get a stated income loan but it wont be for anymore than 80% of value and you will have to have the assets commensurate with your stated income as determined by the lenders guidelines.

As for the pay option ARMs, theyre dead and dont hold your breath waiting for their return!

Expect these conditions to exist for the next 12 to 18 months. Values across the country should stabilize or begin rising by then.

But hey, if youve got the bling there are going to be some good deals out there as people will be willing to unload their properties at a lose rather than go into foreclosure.

As with any other part of our economy the consumer always pays the price so, if you are looking for a mortgage you will probably pay a rate that is a .250% - .375% higher than if these conditions did not exist.

My advice if you have an adjustable mortgage that has gone up recently, go into conservative mode and try not to take on any new debt. These conditions will smooth out in the next year to a year and a half, and in that time you probably will only see one more rate increase that should be smaller than the last one.

Thats as complex as it gets folks!

Warm Regards,

JT

I am a 15 year veteran of the mortgage origination business whose experience spans large financial institutions to Brokers. I have seen so many people(in positions that one would associate with intelligence) get led by slick talking originators into over paying for a mortgage!

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