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Wall Street Oasis » Blogs » Edmundo Braverman's blog
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Heavy Drinkers Outlive Abstainers
 

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Edmundo Braverman's picture
Edmundo Braverman
      ST
 
 
(Human, 14,385
 
Points)
 on 8/31/10 at 6:04am
bad_liver.jpg

"There are more old drunkards than there are old doctors..." - Benjamin Franklin

As if you needed another reason to partake in Wall Street's culture of booze (well, some of you do), a recent 20-year study has concluded that heavy drinkers live longer than people who don't drink at all. So there. You teetotalers in the crowd are probably coming up with all kinds of justifications about how this data is flawed, but you can rest assured that the researchers factored in everything. The fact is, heavy drinkers live longer.

Even though heavy drinking is associated with higher risk for cirrhosis and several types of cancer (particularly cancers in the mouth and esophagus), heavy drinkers are less likely to die than people who have never drunk. One important reason is that alcohol lubricates so many social interactions, and social interactions are vital for maintaining mental and physical health. As I pointed out last year, nondrinkers show greater signs of depression than those who allow themselves to join the party.

Drinking has always been a part of Wall Street. While three martini lunches may have gone the way of Michael Milken, drinking and socializing are still a big part of the culture. I've always been wary of people who don't drink in general, and especially wary of those on the Street who don't drink. Like Humphrey Bogart was fond of saying, "The problem with the world is that everyone is a few drinks behind."

With that in mind, I thought it might make for a few laughs if we all shared some of our most heinous drinking stories. As usual, I'll go first.

I was working out of the San Diego office of my firm for a while, and the market closes at 1:00 in the afternoon there. So one day myself and three other guys decided to head down to Tijuana after the close to spend the afternoon gambling at Caliente. Caliente kicks ass, because they'll let you bet on the stupidest shit you've ever heard of. Wanna lay a bet on competition fishing? They'll take your action.

So the four of us are down there eating, drinking, and betting on buggy races or some stupid shit for about three hours when we decide to head back to this really hot bar in La Jolla for happy hour. On our way out of Caliente, we pick up a bottle of almendrado - a cheap, amaretto-flavored tequila - for the ride home. I'll call the youngest member of our crew Ralph, for reasons that will soon become obvious.

I'm driving and I had enough to drink at Caliente, so I left the almendrado alone. The other guys passed it around the car but most of it was consumed by Ralph. By the time we got to the bar, the bottle was empty and Ralph was pretty much wasted.

I don't know why we did what we did, probably because Ralph was so drunk that he was getting annoying, but when we got in the bar we slipped the bartender a fifty to help us ruin Ralph. The place was filling up fast because happy hour was in full swing, so we were lucky to have a spot right at the bar. We told Ralph we were switching to peppermint Schnapps shooters, and he was too wrecked to argue.

Thing was, Ralph was the only one doing peppermint Schnapps shooters, as the bartender was filling our shot glasses with water. So we did one, then two, then three, and Ralph is getting really shaky. Common sense would clearly dictate what happens next, but it just so happened that common sense decided to stay late at the office that night, so we were on our own.

The fourth shot saw Ralph break out in a cold sweat. The fifth shot put him over the edge. In the middle of a packed bar, Ralph erupted like Mount Vesuvius. I mean, he wallpapered the place. He puked all over the bar, all over the bottles behind the bar, all over the ice bin behind the bar. People were screaming and scattering like Godzilla had been sighted.

My other two buddies took off like a shot, leaving me behind to cope with the quivering, puking shell of Ralph and a now very pissed off bartender. I threw a couple of twenties on the bar and dragged Ralph out of there, with him puking the whole way out. When I tried to load him into a cab, the cabbie wouldn't take him. I ended up giving him a ride home with his head hanging out the window.

And all this before 7:00 at night. Good times.

Your turn.

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Tags:
  • people
  • medicine
  • recent
  • study
  • wall street
  • heavy
  • drinks
  • alcoholic beverage
  • alcohol abuse
  • alcoholism
  • clinical psychology
  • drinking culture
  • Alcohol

Comments

jim_beam's picture

how heavy is "heavy"?

jim_beam
      IB
 
(Senior Chimp, 24
 
Points)
 on 8/31/10 at 6:36am

how heavy is "heavy"?

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Edmundo Braverman's picture

For the purposes of the

Edmundo Braverman
      ST
 
 
(Human, 14,385
 
Points)
 on 8/31/10 at 6:48am

For the purposes of the research, a "heavy" drinker was someone who drank more than 3 alcoholic beverages per day. "Moderate" drinkers were those who drank 1-3 drinks per day, and they lived longer than anyone.

So heavy drinking isn't the optimal strategy for longevity (evidently moderate drinking is), but it sure beats sobriety.

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LikeToKnow's picture

sounds like your average

LikeToKnow
      O
 
(Baboon, 167
 
Points)
 on 8/31/10 at 6:51am

sounds like your average night out... haha!

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blastoise's picture

this is full of shit

blastoise
      O
 
(Senior Neanderthal, 4,380
 
Points)
 on 8/31/10 at 7:18am

this is full of shit

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Virginia Tech 4ever's picture

Why would you be wary of

Virginia Tech 4ever
      EN
 
 
(Neanderthal, 2,319
 
Points)
 on 8/31/10 at 8:28am

Why would you be wary of non-drinkers? That's an absolutely absurd statement. I don't drink because I think it's immoral to give my money to an industry that ruins lives. The majority of domestic abuse and violent crime is associated with persons under the influence of alcohol or alcohol and other drugs combined. The alcohol industry clearly has and continues to target youth in their promotions. Not to mention that literally millions of people are addicted to alcohol and tens of thousands of families are ruined by it each year. And tens of thousands of people are killed or severely injured by drunk drivers each year.

Frankly, I'm wary of people who need to drink their lives away because they're so uninteresting sober. Keep in mind that half or more of the United States never or almost never drinks and we've done OK for ourselves over the last 234 years.

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Edmundo Braverman's picture

I guess I just have a hard

Edmundo Braverman
      ST
 
 
(Human, 14,385
 
Points)
 on 8/31/10 at 8:35am

I guess I just have a hard time trusting a guy who doesn't trust himself with liquor. I also find teetotalers exceeding boring and preachy.

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Virginia Tech 4ever's picture

Ah, from the guy who just

Virginia Tech 4ever
      EN
 
 
(Neanderthal, 2,319
 
Points)
 on 8/31/10 at 8:59am

Ah, from the guy who just gave a sermon about the benefits of alcohol consumption. It's always the "other guy" who is preachy.

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IlliniProgrammer's picture

At least it wasn't

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 8/31/10 at 9:14am

At least it wasn't boring!

And Edmundo has more life experience than most of us, so he is allowed to preach a little.

Work hard, play hard.

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Virginia Tech 4ever's picture

All the life experience in

Virginia Tech 4ever
      EN
 
 
(Neanderthal, 2,319
 
Points)
 on 8/31/10 at 9:21am

All the life experience in the world doesn't make one wise.

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IlliniProgrammer's picture

While true, that's irrelevant

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 8/31/10 at 9:27am

While true, that's irrelevant because Eddie's extremely wise and generally is pretty generous with his wisdom. As for something preachy to ponder:

"Wise men store up knowledge, but the mouth of a fool invites ruin."

'Nuff said.

Work hard, play hard.

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Midas Mulligan Magoo's picture

1999. Late December. Post

Midas Mulligan Magoo
     
 
(Senior Neanderthal, 5,167
 
Points)
 on 8/31/10 at 9:28am

1999. Late December. Post Christmas, pre-NYE. Rome. My buddy had been engaged to an Italian model that fall. I flew in around Thanksgiving to find a battlefield. Vesuvius, indeed...Eddie. Hell hath no fury like fine vagina scorned. She was snapping on his ass. Still no clue as to why. Long story short, he goes on a bender. Hard. We party for a month. Harder. Liquid diet does miracles and we're like two extras from Trainspotting by the time we spend Christmas dry heaving across from Circus Maximus. My boy's still shaken up, though.

A few nights later he plots the ultimate vengeance against the she-devil. Reasoning that b/c she was uber-Catholic we should go piss on the Vatican's door step, my drunken ass doesn't see any folly with his logic.

At this point the potential existence of Carabinieri files and a lack of knowledge about Italian statutes of limitations forbids me from going into detail...let's just say that to this day my boy and I share a look that says "I'm thinking about it too, but if we both ignore it hard enough it will eventually go away". No actual discussion has ever occurred on the subject, nor will it..

I haven't been to Rome or Italy since and I will never date an Italian model out of solidarity and self preservation.

Where I unload on Twits and take verbal S***s

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Virginia Tech 4ever's picture

Illini, wouldn't your quote

Virginia Tech 4ever
      EN
 
 
(Neanderthal, 2,319
 
Points)
 on 8/31/10 at 9:38am

Illini, wouldn't your quote apply to you and to the other WSO guys given that you guys are the one who throw around your so-called wisdom?

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IlliniProgrammer's picture

It would, too. Here is

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 8/31/10 at 12:36pm

It would, too. Here is another quote:

"A wise man's heart guides his mouth, and his lips promote instruction."

You choose not to drink and that's fine. My best friend from college was a vociferous teetotaller, but was otherwise a pretty cool guy. Bear in mind, though, that you'll be one of the few people on the street who doesn't drink. What's not cool is getting into a fight over drinking or making a big deal about your abstention as it seems you're doing.

You're free to claim it's "so-called wisdom", but Eddie has done extremely well for himself, and most reasonable people would acknowledge that as wisdom by de-facto.

When I was in college, I thought I was incredibly wise and the 25 year-olds were all totally foolish- probably like you do. My religious views also led me to believe that there's no wisdom to be gained from more worldly folks. But you grow wiser from experience and learn that other peoples' wisdom is stuff that you can still learn from- even if you may have a different view on life than they do.

Oh well, that's my take on things. You're free to call us stupid if you wish. But then I think that shows just how much wisdom you have or lack.

Work hard, play hard.

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brassmonkee's picture

Virginia Tech 4ever

brassmonkee
     
 
(Senior Monkey, 84
 
Points)
 on 8/31/10 at 10:06am
Virginia Tech 4ever:

Why would you be wary of non-drinkers? That's an absolutely absurd statement. I don't drink because I think it's immoral to give my money to an industry that ruins lives. The majority of domestic abuse and violent crime is associated with persons under the influence of alcohol or alcohol and other drugs combined. The alcohol industry clearly has and continues to target youth in their promotions. Not to mention that literally millions of people are addicted to alcohol and tens of thousands of families are ruined by it each year. And tens of thousands of people are killed or severely injured by drunk drivers each year.

Frankly, I'm wary of people who need to drink their lives away because they're so uninteresting sober. Keep in mind that half or more of the United States never or almost never drinks and we've done OK for ourselves over the last 234 years.

i am weary of your stat the half or more of the united states doesn't drink, but how do you know its not the drinking half that is the reason for america's continued success?

if you read the article it says that non-drinkers tend to be lower socioecomically than drinkers.

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sofib09's picture

I drink a couple of beers

sofib09
      CF
 
 
(Senior Orangutan, 460
 
Points)
 on 8/31/10 at 10:22am

I drink a couple of beers every now and then with my boyfriend. Helps us relax and shoot the breeze from a long, stressful week.

I wouldn't think heavy drinking is advisable, but moderate drinking can be fine. I don't judge those who drink or those who choose not to drink because I think everyone is entitled to make their own individual choices about their lives and how they choose to conduct themselves.

So, if you like having a couple of beers, go for it...and if not, that's okay, too.

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spoonfork's picture

Virginia Tech 4ever

spoonfork
      ST
 
(Senior Monkey, 98
 
Points)
 on 8/31/10 at 10:25am
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LIBOR's picture

First off, VA-Tech, I would

LIBOR
      EN
 
(Neanderthal, 2,156
 
Points)
 on 8/31/10 at 10:26am

looking for that pick-me-up to power through an all-nighter?

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IlliniProgrammer's picture

See, this is why I don't

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 8/31/10 at 10:41am

Work hard, play hard.

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Machine's picture

Agree with Edmundo - Don't

Machine
      IB
 
(Baboon, 135
 
Points)
 on 8/31/10 at 10:36am
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IlliniProgrammer's picture

Oh,there are ways around

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 8/31/10 at 10:38am

Work hard, play hard.

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SAC's picture

I never get along with people

SAC
      HF
 
(King Kong, 1,171
 
Points)
 on 8/31/10 at 10:46am

Learn Financial Modeling
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IlliniProgrammer's picture

Yeah, yeah. You don't get

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 8/31/10 at 11:36am

Work hard, play hard.

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brassmonkee's picture

You probably shouldn't be

brassmonkee
     
 
(Senior Monkey, 84
 
Points)
 on 8/31/10 at 10:54am
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IlliniProgrammer's picture

Five beers as in bottles or

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 8/31/10 at 10:55am

Work hard, play hard.

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evilbyaccident's picture

Virginia Tech 4ever

evilbyaccident
     
 
(Senior Baboon, 239
 
Points)
 on 8/31/10 at 11:19am
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IlliniProgrammer's picture

Look, everybody has their own

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 8/31/10 at 11:35am

Work hard, play hard.

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jos.a.bankhard's picture

Please tell me there's more

jos.a.bankhard
      CO
 
 
(Senior Baboon, 227
 
Points)
 on 8/31/10 at 11:36am
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Edmundo Braverman's picture

Seriously. No one? Not one of

Edmundo Braverman
      ST
 
 
(Human, 14,385
 
Points)
 on 8/31/10 at 11:40am

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IlliniProgrammer's picture

Ummm, six beers is pretty

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 8/31/10 at 11:40am

Work hard, play hard.

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brassmonkee's picture

jos.a.bankhard wrote: Please

brassmonkee
     
 
(Senior Monkey, 84
 
Points)
 on 8/31/10 at 11:46am
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IlliniProgrammer's picture

One time I downed four pints

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 8/31/10 at 1:09pm

Work hard, play hard.

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jos.a.bankhard's picture

IlliniProgrammer wrote: Ummm,

jos.a.bankhard
      CO
 
 
(Senior Baboon, 227
 
Points)
 on 8/31/10 at 12:00pm
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evilbyaccident's picture

Edmundo Braverman

evilbyaccident
     
 
(Senior Baboon, 239
 
Points)
 on 8/31/10 at 12:39pm
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Slacker23's picture

I was walking home from a

Slacker23
      PE
 
(Baboon, 132
 
Points)
 on 8/31/10 at 12:55pm
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danjay72's picture

I'm on a 24 hour champagne

danjay72
      O
 
(Monkey, 39
 
Points)
 on 8/31/10 at 12:55pm
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TNA's picture

Here is my .02 cents. I find

TNA
      O
 
 
(Human, 13,516
 
Points)
 on 8/31/10 at 1:06pm

MSF Website
MACC Website
MSF Twitter

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Batrick Pateman's picture

Virginia Tech 4ever

Batrick Pateman
      O
 
(Orangutan, 364
 
Points)
 on 8/31/10 at 1:14pm
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Machine's picture

Want to hear a good one? Last

Machine
      IB
 
(Baboon, 135
 
Points)
 on 8/31/10 at 1:59pm
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oldabe's picture

...

oldabe
     
 
(Senior Chimp, 18
 
Points)
 on 5/12/13 at 7:01pm
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John Rolfe's picture

I drink but i drink to be

John Rolfe
      AM
 
(Orangutan, 361
 
Points)
 on 8/31/10 at 3:31pm
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soitwouldseem's picture

jos.a.bankhard wrote: Please

soitwouldseem
      ST
 
(Senior Baboon, 196
 
Points)
 on 8/31/10 at 5:08pm
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Inept Speculator's picture

I am with the drinkers on

Inept Speculator
      EN
 
(Senior Baboon, 180
 
Points)
 on 8/31/10 at 5:18pm
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Kools's picture

Quick Stories: 1. As a house

Kools
      O
 
(Senior Baboon, 223
 
Points)
 on 8/31/10 at 6:01pm
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Swarley's picture

I was in Virginia Beach with

Swarley
      IB
 
(Monkey, 33
 
Points)
 on 8/31/10 at 8:45pm
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proforma's picture

^^^ that is too funny. One of

proforma
      AM
 
(Senior Baboon, 197
 
Points)
 on 8/31/10 at 9:48pm
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TNA's picture

LOL Great stories guys. Glad

TNA
      O
 
 
(Human, 13,516
 
Points)
 on 8/31/10 at 10:00pm

MSF Website
MACC Website
MSF Twitter

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Swarley's picture

hahahaha Proforma not

Swarley
      IB
 
(Monkey, 33
 
Points)
 on 8/31/10 at 10:19pm
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SHORTmyCDO's picture

Me and some buddies in my

SHORTmyCDO
      IB
 
(Gorilla, 738
 
Points)
 on 8/31/10 at 10:27pm
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Edmundo Braverman's picture

^^^ THAT'S more like it. You

Edmundo Braverman
      ST
 
 
(Human, 14,385
 
Points)
 on 9/1/10 at 2:37am

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Therrmann's picture

I'll refrain from telling my

Therrmann
     
 
(Chimp, 3
 
Points)
 on 9/1/10 at 9:58am
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Web Site Security Rules. Users are prohibited from violating or attempting to violate the security of the Web Site, including, without limitation, (a) accessing data not intended for such user or logging into a server or account which the user is not authorized to access, (b) attempting to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization, (c) attempting to interfere with service to any user, host or network, including, without limitation, via means of submitting a virus to the Web Site, overloading, "flooding", "spamming", "mailbombing" or "crashing", (d) sending unsolicited e-mail, including promotions and/or advertising of products or services, or (e) forging any TCP/IP packet header or any part of the header information in any e-mail. Violations of system or network security may result in civil or criminal liability. The Company will investigate occurrences which may involve such violations and may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations.

Specific Prohibited Uses.

The Company specifically prohibits any use of the Web Site, and all users agree not to use the Web Site, for any of the following:

  • Posting any incomplete, false or inaccurate biographical information or information which is not your own accurate resume
  • Using any device, software or routine to interfere or attempt to interfere with the proper working of this Web Site or any activity being conducted on this site.
  • Taking any action which imposes an unreasonable or disproportionately large load on this Web Site?s infrastructure.
  • If you have a password allowing access to a non-public area of this Web Site, disclosing to or sharing your password with any third parties or using your password for any unauthorized purpose.
  • Notwithstanding anything to the contrary contained herein, using or attempting to use any engine, software, tool, agent or other device or mechanism (including without limitation browsers, spiders, robots, avatars or intelligent agents) to navigate or search this Web Site other than the search engine and search agents available from the Company on this Web Site and other than generally available third party web browsers (e.g., Netscape Navigator, Microsoft Explorer).
  • Attempting to decipher, decompile, disassemble or reverse engineer any of the software comprising or in any way making up a part of the Web Site.
  • Aggregating, copying or duplicating in any manner any of the materials or information available from the Web Site.
  • Framing of or linking to any of the materials or information available from the Web Site.

User Information.

When you register for the Web Site, you will be asked to provide the Company with certain information including, without limitation, a valid email address (your "Information"). In addition to the terms and conditions that may be set forth in any privacy policy on this Web Site, you understand and agree that the Company may disclose to third parties, on an anonymous basis, certain aggregate information contained in your registration application. The Company reserves the right to offer third party services and products to you based on the preferences that you identify in your registration and at any time thereafter; such offers may be made by the Company or by third parties. Please see the Company's Privacy Policy below for further details regarding your Information.

Registration and Password.

You are responsible for maintaining the confidentiality of your information and password. You shall be responsible for all uses of your registration, whether or not authorized by you. You agree to immediately notify the Company of any unauthorized use of your registration or password.

The Company's Liability.

As a condition to your use of this site, you release the Company (and our agents and employees) from claims, demands and damages (actual and consequential, direct and indirect) of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes. If you are a California resident, you waive California Civil Code d1542, which says: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor."

We are under no legal obligation to, and generally do not, control the information provided by other users which is made available through the Web Site. By its very nature, other people?s information may be offensive, harmful or inaccurate, and in some cases will be mislabeled or deceptively labeled. We expect that you will use caution and common sense when using this Web Site.

The Material may contain inaccuracies or typographical errors. The Company makes no representations about the accuracy, reliability, completeness, or timeliness of the Web Site or the Material. The use of the Web Site and the Material is at your own risk. Changes are periodically made to the Web Site and may be made at any time.

You acknowledge and agree that you are solely responsible for the content and accuracy of any resume or material contained therein placed by you on the Web Site and you agree to let any users that are identified as recruiters (designated in the sole discretion of the Company) to have access to your resume.

The Company is not to be considered to be an employer with respect to your use of the Web Site and the Company shall not be responsible for any employment decisions, for whatever reason made, made by any entity posting jobs on the Web Site.

THE COMPANY DOES NOT WARRANT THAT THE WEB SITE WILL OPERATE ERROR-FREE OR THAT THE WEB SITE AND ITS SERVER ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL MECHANISMS. IF YOUR USE OF THE WEB SITE OR THE MATERIAL RESULTS IN THE NEED FOR SERVICING OR REPLACING EQUIPMENT OR DATA, THE COMPANY IS NOT RESPONSIBLE FOR THOSE COSTS.

THE WEB SITE AND MATERIAL ARE PROVIDED ON AN "AS IS" BASIS WITHOUT ANY WARRANTIES OF ANY KIND. THE COMPANY, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE WARRANTY OF MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE AND NON-INFRINGEMENT. THE COMPANY MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS.

Disclaimer of Consequential Damages.

IN NO EVENT SHALL THE COMPANY, ITS SUPPLIERS, OR ANY THIRD PARTIES MENTIONED ON THE WEB SITE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL AND CONSEQUENTIAL DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE THE WEB SITE AND THE MATERIAL, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Links to Other Sites.

The Web Site may contain links to third party web sites. These links are provided solely as a convenience to you and not as an endorsement by the Company of the contents on such third-party Web sites. The Company is not responsible for the content of linked third-party sites and does not make any representations regarding the content or accuracy of materials on such third party Web sites. If you decide to access linked third party Web sites, you do so at your own risk.

No Resale or Unauthorized Commercial Use.

You agree not to resell or assign your rights or obligations under these Term of Use. You also agree not to make any unauthorized commercial use of the Web Site.

Limitation of Liability.

The aggregate liability for the Company to you for all claims arising from the use of the Materials is limited to $1.

Termination.

The Company reserves the right, at its sole discretion, to pursue all of its legal remedies, including but not limited to immediate termination of your registration with or ability to access the Web Site and/or any other service provided to you by the Company, upon any breach by you of these Terms and Conditions or if the Company is unable to verify or authenticate any information you submit to the Web Site registration with or ability to access the Web Site.

Indemnity.

You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

PRIVACY POLICY

The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

Disclosure

The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

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