Presidential Election on Pfizer 2015...!!!

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MONDAY, NOVEMBER 23, 2015 TODAY'S TOP HEADLINES

M & A Pearson's Big Paydays Defy the Odds Against Print Media INVESTMENT BANKING Wall St. Ties Linger as Image Issue for Hillary Clinton PRIVATE EQUITY Pensions Taking Closer Look at Private Equity Performance Fees HEDGE FUNDS Hedge Funds Seek Computer Scientists VENTURE CAPITAL LivingSocial Offers a Cautionary Tale to Today's Unicorns LEGAL/REGULATORY Fairness of S.E.C. Courts Questioned

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BY SEI CHONG PFIZER AND ALLERGAN REACH $150 BILLION DEAL Pfizer has reached an agreement to merge with Allergan in a deal worth more than $150 billion, Michael J. de la Merced reports in DealBook. The boards of both Pfizer and Allergan voted on Sunday to approve the transaction, one of the people briefed on the matter told Mr. de la Merced, confirming anearlier report by The Wall Street Journal. The merger, which is expected to be announced on Monday, is best described in superlatives, Mr. de la Merced writes: It is one of the biggest takeovers in the health care industry, and it is the largest acquisition yet in what is shaping up to be a record year for deal-making activity. But Pfizer's takeover of Allergan, which is based in Ireland, is especially notable because it is the largest transaction "aimed at helping an American company shed its United States corporate citizenship in an effort to lower its tax bill, in this case by billions of dollars," Mr. de la Merced writes. The Obama administration has been trying to discourage these kinds of deals, known as a corporate inversion, which have cost the government billions of dollars in tax revenue over the past few years, and the Treasury Department released rules last week intended to limit such mergers. But Pfizer and Allergan are structuring the deal to sidestep the Treasury rules altogether by making Allergan the buyer, according to the people briefed on the matter, even though Pfizer has a market value of $199 billion to Allergan's $123 billion. The Treasury rules on inversions apply only to American companies that buy foreign ones. Yet Pfizer is expected to take the lead at the combined company, withPfizer's chief executive, Ian Read, retaining that role after the merger, these people told Mr. de la Merced. Allergan's chief executive, Brent Saunders, is expected to take a top deputy role and a board seat. Pfizer shareholders would still own the majority of the merged company. Under the terms of the proposed deal, Allergan shareholders would receive 11.3 Pfizer shares for each of their holdings, the people briefed on the matter said. That is worth about $363.63 a share, or 16 percent higher than Allergan's closing price on Friday. That may cause consternation among some of Allergan's biggest investors, who told The Financial Times last week that anything below $400 a share would be selling the company at a discount. One investor told the newspaper: "If you had said at the start of the year that Allergan would be sold for something that didn't start with a four, no one would have believed you." If the deal is completed, the merger could potentially lead to a breakup of Pfizer, Mr. de la Merced reports. "The bigger drug maker has weighed whether to split into two companies: one dedicated to higher-growth, brand name treatments and one focused on slower-growing mature drugs that face pressure from generic counterparts," he writes. Mr. Saunders of Allergan would be in line to take over one of those companies if Pfizer ultimately chose to break up, the people briefed on the matter said. PUERTO RICO'S CREDITORS OPEN TO DEBT EXCHANGE Over the weekend, some of the biggest holders of Puerto Rico's debt expressed their support for a government's proposal to exchange the island's existing bonds for new debt that would be less burdensome to Puerto Rico, Michael Corkery reports in DealBook. With a $354 million payment due on Dec. 1, Puerto Rico has been looking for ways to cut deals with the holders of billions of dollars of general obligation bonds in order to avoid a default. Its proposal, presented at a meeting with advisers to creditor groups on Friday, would roll up most of the island's current debt and restructure it into a new "superbond," people briefed on the plan told Mr. Corkery. As part of that new bond, general obligation holders would have the first claim on government revenue. It is unclear whether bondholders, in return, would be asked to buy into the superbond at a discount, however. A group of about half a dozen hedge funds and other investment firms that own general obligation bonds signaled support for the concept of the government's debt exchange, according to people with direct knowledge of the group's position. Included in that group are Monarch Alternative Capital, Fundamental Credit Opportunities and Autonomy Capital. One of the people briefed on the hedge funds' position said the group saw the proposed debt exchange was "a constructive first step toward forging a solution." Yet the government still has to win over many other creditors and hash out the details of the exchange, so a deal is "far from certain," Mr. Corkery writes. ON THE AGENDA Tyson Foods will hold a conference call on its fiscal fourth quarter earnings at 9 a.m. GameStop , the video game retailer, will hold its conference call on third-quarter earnings at 11 a.m. The National Association of Realtors releases data on existing home sales for October at 10 a.m. PETCO CLOSE TO $4.7 BILLION SALE TO CVC AND CANADIAN PENSION FUND CVC Capital Partners and the Canadian Pension Plan Investment Board are near an agreement to buy Petco for $4.7 billion, according to a person briefed on matter, Leslie Picker reports in DealBook. The deal, which is likely to be announced on Monday, was earlier reported by The Wall Street Journal. If the deal is completed, this would make it the second time that TPG Capital and Leonard Green & Partners have sold the pet food and supplies retailer. The first time they owned the company was in 2000, when they acquired it for $600 million, then took it public two years later. They bought it back in 2006 for $1.68 billion and took it private. Petco had filed to go public in August but was pursuing a sale of itself at the same time. The company's revenue had risen 12 percent in the 26 weeks through Aug. 1 from the same period a year ago, the filing showed, while net income jumped about 43 percent. The company has more than $2 billion in debt. Contact sei.chong@nytimes.com MERGERS & ACQUISITIONS » Pearson's Big Paydays Defy the Odds Against Print Media The sales of The Financial Times and The Economist for about $2 billion cumulatively raise questions about whether the deals will pay off financially for the buyers. NYT » Why Time Warner Should Let Go of HBO James Surowiecki of the New Yorker argues that HBO's current success makes this the perfect time for Time Warner to spin off the company in an initial public offering. THE NEW YORKER INVESTMENT BANKING » Wall St. Ties Linger as Image Issue for Hillary ClintonAt a time when liberals are ascendant in the party, some Democrats believe Hillary Rodham Clinton's time representing Wall Street as a senator could become a vulnerability. NYT » Hong Kong Securities Firm Can't Contact Its Chief Shares in Guotai Junan International Holdings, the Hong Kong unit of one of China's biggest securities firms, plunged 12 percent in Hong Kong after the brokerage firm said it could not contact Yim Fung, its chairman and chief executive, Bloomberg News reports. BLOOMBERG NEWS

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PRIVATE EQUITY » Pensions Taking Closer Look at Private Equity Performance Fees Public pension funds are expected to reveal that private equity firms' performance fees are much larger than previously disclosed, The Wall Street Journal reports. THE WALL STREET JOURNAL HEDGE FUNDS » Hedge Funds Seek Computer Scientists Hedge funds and asset managers are trying to hire computer scientists to sift through "unstructured data" like Internet searches, social media and satellite images, and find overlooked trading opportunities, The Financial Times reports. THE FINANCIAL TIMES Intel Lawsuit Questions Place of Hedge Funds in Retirement Plans A former employee sued the computing giant, saying that big bets on hedge funds and private equity increased costs and hurt participants in the plans, Gretchen Morgenson writes in the Fair Game column. NYT » In Rebuke to Kirchner, Argentines Elect Opposition Leader as President The opposition leader, Mauricio Macri, the 56-year-old mayor of Buenos Aires, has said that he would negotiate with hedge funds over nearly $100 billion of bonds that Argentina defaulted on in 2001. NYT » Money Managers Gloomy on China Prominent money managers, like David Tepper of Appaloosa Management, are losing faith in China's ability to revive its economy, Bloomberg News reports. BLOOMBERG NEWS VENTURE CAPITAL » LivingSocial Offers a Cautionary Tale to Today's Unicorns A former darling of the start-up world, the company offers a glimpse of what some of today's biggest start-ups might look like several years down the road. NYT » Start-Up Leaders Embrace Lobbying as Part of the Job Today's tech companies have accepted lobbying as an essential part of doing business. NYT » Saving the World, Startup-Style Governments have spent trillions of dollars helping the poor, without finding a foreign-aid strategy that works. What if they learned to invest more nimbly? NYT » LEGAL/REGULATORY » Fairness of S.E.C. Courts Questioned Defendants worry they cannot get a fair hearing in an internal court system where the Securities and Exchange Commission wins more often than it does in federal court, The Wall Street Journal reports. THE WALL STREET JOURNAL Cuomo Is Said to Struggle Finding Successor to Regulate BanksGov. Andrew M. Cuomo is finding it difficult to line up a permanent successor to lead New York State's Financial Services Department five months after Benjamin M. Lawsky stepped down, The New York Post reports, citing sources. THE NEW YORK POST Bipartisan Bill Would Protect Service Members' Right to Avoid Arbitration A Senate bill would allow service members to opt out of arbitration and challenge repossessions or foreclosures with a lawsuit. NYT » Lynn Tilton's Firm Files Involuntary Bankruptcy for Fund Lynn Tilton's Patriarch Partners XV filed involuntary Chapter 11 bankruptcy petitions against Zohar CDO 2003-1, seeking court protection from the bond insurer MBIA, The Wall Street Journal reports. THE WALL STREET JOURNAL John E. Zuccotti, Urbanist and Financier, Dies at 78Mr. Zuccotti was a street-smart urbanist and an unsung hero of New York City's fiscal crisis in the 1970s. NYT »

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President decided to make the Karate Mandad...!!!!

If you’ve been in martial arts for any length of time you’ve probably come across more than your share of “masters”; people making grand and usually false, claims about their liability of martial lineage to take advantage of the general public. Most rely on the ignorance of the average person to peddle their martial arts wares. They make use of the mystery surrounding the arts to overawe, and hopefully, overwhelm the prospective martial art student. Most are relatively harmless. The new student shells out his hard-earned cash for a few months until he realizes that he is not getting his money’s worth .

If you’ve been in martial arts for any length of time you’ve probably come across more than your share of “masters”; people making grand and usually false, claims about their liability of martial lineage to take advantage of the general public. Most rely on the ignorance of the average person to peddle their martial arts wares. They make use of the mystery surrounding the arts to overawe, and hopefully, overwhelm the prospective martial art student. Most are relatively harmless. The new student shells out his hard-earned cash for a few months until he realizes that he is not getting his money’s worth .Then he leaves , usually with a bad taste in mouth and very little good to say about the martial arts in general. The would be martial artist is then faced with a sizeable dilemma: With so many so called masters out there, each making claims more impressive then the next, how you know that your master is for real?

President Enlightened by the History of Karate...!!!

THE HISTORY OF KARATE-DO

No doubt you are aware of the modern history of Karate & it's origins in Okinawa. We have delved a little deeper and discovered an interesting history that dates back to approximately 500AD!

The system of martial arts we know, Karate is believed to have originated from India!

Yes India where the biggest Karate club is now Karate Budokan International.

Tradition has revealed written evidence of bare handed fighting arts in a Buddhist scripture, Lotus Sutra indigenous to India.

It appears that an Indian monk named Bodhidharma introduced an early form of Karate at the shaolin temple in the Hunan province of Northern China in around 520AD. According to legend, Bodhidharma travelled from India and entered into the temple to teach the Shaolin monks Zen philosophy, but early in his instruction he found the monks to be inattentive and physically unfit. As a result, he introduced physical training known as 'shih pa lo han sho' or the 'eighteen hands of Lo-Han', reputed as the basis for Shaolin chuan fa (Kung Fu). from the Hunan province, chuan fa spread throughout China and was introduced to Okinawa centuries later through a tributary relationship between Okinawa and China.

A new name emerged ' Okinawa te' ( Okinawa hand), it would eventually become Karate (Chinese hand) and, finally Karate-do (the way of the empty hand).

There were originally three styles of Okinawa-te, named for the towns where they were located: Shuri-te, Naha-te & Tomari-te.

The most significant event, which affected the development of Karate, was the invasion of Okinawa by Lord Shimazu of the Satsuma clan of southern Japan in 1609. Following the occupation, a number of ordinances were introduced, including a ban on all weapons and the practice of martial arts; this resulted in the three schools going underground. There is no such written history of this era as it remained secretive until Japanese feudalism was abolished in 1870. Kata was formulated prior to the abolishment as a moving dictionary of Okinawa-te, it was intended to appear as a dance form but actually consisted of disguised martial arts techniques that could be passed from generation to generation. Most historians believe that the secrecy remained until after 1900, when the first public demonstrations were given on Okinawa and following mainland Japan.

Gichin Funokoshi, an Okinawan schoolteacher is credited with giving the first demonstration in 1902. Funokoshi was then selected to give the first demonstration of Karate outside of Okinawa, this occurred in 1917 at Kyoto Japan. In 1922 Gichin Funokoshi at the age of 53 was invited back to Japan for a second demonstration, Mr. Funokoshi remained on the mainland following this last demonstration and Karate was formally accepted in mainland Japan. In 1936 Funokoshi established a full time dojo in Tokyo. Mr. Funokoshi had a pen name 'Shoto' which means waving pine. Funokoshi chose this name as he enjoyed the sound of the wind through the pine trees as he took evening walks in Okinawa. As a sign of respect his students named the dojo the Shotokan, meaning 'Shoto's Club'. The style was never actually named by Funokoshi, but the name of the dojo became associated with the style itself.

Gichin Funokoshi believed that the aim of Karate lies not in victory or defeat, but in perfection of character. Training involves very little education on philosophy. Students are expected to learn the underlying philosophical principles through hard work and practice, by following the technical directions of the instructors, the examples of the senior students and applying themselves completely to each technique the Karate-ka will understand the technical and philosophical aspects of Karate-do.

So there you have it, from these mysterious times of feudal war the fastest growing Martial art in the world was formed. As you are about to discover Budokan was brought to life during the Second World War in Malaysia.

THE HISTORY OF KARATE BUDOKAN INTERNATIONAL

The following is a brief and interesting story about the founder of Karate

Budokan International and the origins of the style we practice today.

Mr. Chew Choo Soot was born on the 7th of February 1922.

At the age of 15 he became interested in and involved in weight lifting and fitness training. He became the Malaysian national weightlifting champion in 1939, 1940, 1941 and 1942. He was introduced to the art of “Karate-Do” at the age of twenty during the Japanese occupation ofMalaya. Mr Chew made it on to the cover of a local publication and was contracted by a Japanese military officer to be his personal fitness coach. During one of the scheduled visits the young Mr Chew discovered the officer practicing movements, which we now know to be Kata, the styles practiced by the officer were Keishinkan and Shotokan. Mr chew was impressed and asked for tuition, the officer agreed. The founders of Karate Budokan International were Mr Chew, his sons Tony and Richard and daughter Angie, they studied a number of martial arts including chinese Kung fu, TaeKwonDo, and several styles of Karate-do including Shito-ryu, Shotokan and Keishinkan. Keishinkan is a minor style of the Shuri-te strain & is not widely known even in its country of birth. It comes from the line of Toyoma Sensei and the excellent qualities of its instructors are well known in Australia, Malaysia & elsewhere. With the parting of Keishinkan in 1971 there has been no over riding influences on our style. There was a trend in the mid 1980’s in our Kata development towards the Shotokan style. It must be understood that Karate is an ever-evolving art & KBI is no different in this respect. So from these humble beginnings in a neighbourhood Malaysian Dojo K B I was formed.

Sadly Mr Chew passed away on July 18th, 1997.

Our Grandmaster now is his son and heir Sensei Richard Chew and Shihan Wayne MacDonald is the International Chief instructor.

We have now reached the 40th year of Karate Budokan International.

It is time to reflect on our humble beginnings from where our first training centre was opened, occupying a small space on the 1st floor of a shop house in Petaaling Jaya, Malaysia on 17th July 1966.

Our Founder Late Mr. Chew Choo Shoot, was persuaded by his friends to teach them karate so as to enable them to defend themselves in time of need. They found a suitable premise in Petaling Jaya for the purpose, and Mr. Chew Choo Soot felt obligated to start a karate class since his friends had gone to such an extent as to prepare a place for the dojo. The first course offered to the public was a “Karate Jodo Self-Defence” 3-Months Course, which would enable a student to defend himself under normal circumstances.

In two months time the membership grew from twelve enthusiastic students to more than three hundred and it was impossible for Mr. Chew to find sufficient time to train them, although he was assisted by his son Mr. Tony Chew. He then employed from Japan two Japanese instructors Mr. T. Yoneda and Mr. T. Ishikawa of the Shitoryu style from Osaka, to assist him to conduct the classes, as they could not stay in Malaysia for more than a few months the problem of getting replacements was very acute, as the more senior members in Malaysia were still too new to become even assistant instructors. In the meantime membership in the K.B.I. continued to grow by leaps and bounds.

With Mr. Tony Chew and one employed Phillipino instructor to carry on with the classes in Kuala Lumpur, Mr. Chew then went to Tokyo and selected a new group of four Japanese instructors from Japan to build up the strength of the panel of instructors. in 1968 when K.B.I. opened the gates of it’s first headquarters building at the Loke Yew Road, Kuala Lumpur, we were having four Japanese instructors, one Phillipino instructor and two Hong Kong Kung-fu instructors to assist Mr. Chew Choo Soot to handle a membership of more than 6000 in most of the major towns in Peninsular Malaysia. By then Tony Chew had already left for Australia for higher education. Besides Karate, the members, who held the rank of fourth Kyu and above, were also taught oriental Wushu weapons.

The first official headquarters building of K.B.I. at the Lote Yew road, Kuala Lumpur, was declared open on 26th May, 1968 by the honorable Encik Mohd. Khir Jhohiri who was then the minister of Education of Malaysia. We then had a couple of years of rapid progress until November 1970, when the Japanese instructors had completed their term of employment and returned to Tokyo. By then K.B.I. was celebrating its fourth anniversary and many young black belt instructors in Malaysia has been trained by Mr. Chew Choo Soot to take over the classes from the foreign instructors. The young instructors were ready for the challenge ahead. With continuous training from Mr. Chew and other foreign visiting instructors brought in by him from time to time the local instructors improved steadily.

Presidential Karate Course for the Election...!!

Block (Uke – pronounced "oo-kay")

• Age-uke (ah-geh-oo-kay): Upper block (Raising)
• Shuto-uke (shoe-toe oo-kay): Knife-hand block
• Uchi-uke (oo-chee oo-kay): Inside center block
• Gedan-barai (Geh-dahn bah-rye): Down block
• Soto-uke (so-toh oo-kay): Outside center block
• Chudan-uke (Chew-dahn oo-kay): Middle level block
• Jodan-uke (joe-dahn oo-kay): Upper level block
• Gedan-uke (geh-dahn oo-kay): Lower level block
• Hiza-uke (he-zah oo-kay): Knee block
• Juji-uke (jew-gee oo-kay): X-block
• Morote-uke (moe-row-the oo-kay): Augmented block
• Nagashi-uke (nah-gah-she oo-kay) Sweeping block
• Sashite-uke (sah-she-tay oo-kay): Rising hand block
• Teishi-uke (tay-sho oo-kay): Palm-heel block

Punch (Zuki – pronounced "zoo-key")

• Age-zuki (ah-geh zoo-key): Rising punch
• Awase-zuki (ah-wah-say zoo-key): U-punch
• Choku-zuki (cho-koo zoo-key): Straight punch
• Chudan-zuki (chew-dahn zoo-key): Middle area punch
• Gyaku-zuki (gya-koo zoo-key): Reverse punch
• Jodan-zuki (joe-dahn zoo-key): face level punch
• Morote-zuki (moe-row-the- zoo-key): Double "U" punch
• Oi-zuki (oh-ee zoo-key): Lunge punch
• Tate-zuki (tah-the zoo-key): Vertical punch
• Teisho-zuki (tay-show zoo-key): Palm-heel punch
• Ura-zuki (oo-rah zoo-key): Close punch

Kick (Geri – pronounced "geh-rhee")

• Ashi-Barai (ah-she bah-rye): Foot sweep
• Fumikomi (foo-me-koh-me): Stamping kick
• Keage (key-ah-geh): Snap kick
• Kekomi (kay-koh-me): Thrust kick
• Mae-geri (mah-eh geh-rhee): Front kick
• Mae-geri-kaege (mah-eh geh-rhee kay-ah-geh): Front snap kick
• Mae-geri-kakomi (mah-eh geh-rhee kay-koh-me): Front thrust kick
• Mae-tobi-geri (mah-eh toe-be geh-rhee): Jumping front kick
• Mawashi-geri (mah-wha-she geh-rhee): Round kick
• Ushiro-geri (oo-she row geh-rhee): Back kick
• Yoko-geri-kaegi (yoh-koh geh-rhee key-ah-geh): Side snap kick
• Yoko-geri-kekomi (yoh-koh geh-rhee key-ah-geh): Side thrust kick

Strike (Uchi – pronounced "oo-chee")

• Empi-uchi (en-pee oo-chee): Elbow strike
• Haishu-uchi (hi-shoo oo-chee): Back hand strike
• Haito-uchi (hi-toe oo-chee): Ridge-hand strike
• Ippon-ken (eep-pone ken): One-knuckle fist
• Nukite (noo-key-teh): Spear hand
• Kentsui-uchi (ken-tsue-ee oo-chee): Hammer fist strike
• Shuto-uchi (shoe-toe oo-chee): Knife hand strike
• Teisho-uchi (tay-sho oo-chee): Palm hand strike
• Uraken-uchi (oo-rah-ken oo-chee): Back fist strike

Stance (Dachi – pronounced "dah-chee")

• Fudo-dachi (foo-dough dah-chee) Rooted stance
• Hachiji-dachi (hah-chee-gee dah-chee): Open leg stance
• Hangetsu-dachi (hahn-geh-tsue dah-chee): Half-moon stance
• Heiko-dachi (hay-koh dah-chee): Parallel stance
• Kamae (kah-may): Sparring posture
• Kiba-dachi (key-bah dah-chee): Side stance (horse stance)
• Kokutsu-dachi (koe-koo-tsu dah-chee): Back stance
• Kosa-dachi (koe-sah dah-chee): Crossed legged stance
• Neko-ashi-dachi (neh-koh ah-she-dah-chee): Cat stance
• Sanchin-dachi (san-chin dah-chee): Hour-glass stance
• Shizentai (she-zen dah-chee): Natural position
• Sochin-dachi (so-chin dah-chee): Diagonal straddle-leg stance
• Teiji-dachi (the-gee dah-chee): T stance
• Zenkutsu-dachi (zen-koo-tsue dah-chee): Front stance

Numbers

• Ichi (ih-chee): One
• Ni (nee): Two
• San (sahn): Three
• Shi (she): Four
• Go (go): Five
• Roku (roo-koo): Six
• Shichi (Shih-chee): Seven
• Hachi (Hah-chee): Eight
• Ku (koo): Nine
• Ju (joo): Ten

General Terms

• Budo (boo-doh): Martial way
• Bunkai (bun-kye): Applications
• Chudan (chew-dahn): Chest area
• Dan (dahn): Black belt rank
• Do (doh): Way/path
• Dojo (doh-joh): Training area
• Domo Arigato Gozai-mashita (doh-moh ah-ree-gah-toe go-zye-mah-she-tah) Thank you very much (past)
• Gasshuku (gas-shoe-koo) Summer camp
• Gedan (geh-dahn): Lower body area
• Gi (ghee): Uniform
• Gohan-kumite (goh-hon koo-mih-tay): Five step sparring
• Hai (hi): Yes
• Hajime (hah-zhim-ay): Begin
• Hidari (he-dah-rhee): Left
• Hombu-Dojo (hohm-boo doh-joh): Dojo headquarter
• Ippon kumite (eep-pohn koo-me-teh): One step sparring
• Jiyu ippon (jye-oo ih-pon): Free one step sparring
• Jiyu-kumite (gee-you koo-me-teh): Free sparring
• Jodan (joh-dahn): Face area
• Kamae (kah-mah-eh): Sparring posture
• Karate (kah-rah-teh): Empty hand
• KarateKa (kah-rah-teh-kah): Karate student
• Kata (kah-tah): Form
• Ki (key): Mind, Spirit, Energy
• Kiai (key-aye): Focusing shout
• Kihon (key-hohn): Basic technique
• Kihon kumite (key-hohn koo-me-teh): Basic sparring
• Kime (key-may): Focus of power
• Kumite (koo-me-teh): Sparring
• Kyu (kyoo): White/Brown belt Rank
• Mae (mah-eh): Front
• Makiwara (mah-key-wha-rha): Punching board
• Mawate-te (mah-wha-tay): Turn around
• Migi (me-ghee): Right
• Ohayo Gozaimasu (oh-ha-yoh go-zye-mah-soo): Good morning
• Onegai-shimasu (oh-nih-guy-she-mah-soo): Please teach me
• Osu (oh-soo): Greeting
• Oyasumi nasai (oh-yah-soo-me nah-sigh): Good night
• Rei (rey): Bow
• Sanbon kumite (san-bohn koo-me-teh): Three step sparring
• Seiza (say-zah): Sitting position
• Sempai (sehm-pye): Senior student
• Sensei (sehn-seh-ee): Instructor
• Shizen-tai (she-zen tah-ee): Natural position
• Tai sabaki (tye sah-bah-key): Body movement
• Waza (wah-zah): Technique
• Yame (yah-may): Stop
• Yoi (yoy): Ready
• Zanshin (zahn-shin): Following through technique