For display purposes it has no time zone value, so it is just a literal value.
For calculation purposes per the docs:
http://www.postgresql.org/docs/8.4/interactive/datatype-datetime.html
"Conversions between timestamp without time zone and timestamp with time zone
normally assume that the timestamp without time zone value should be taken or
given as timezone local time. A different time zone can be specified for the
conversion using AT TIME ZONE. "
--
Adrian Klaver
akl...@comcast.net
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