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Another book for Black History Month. Title: the First Step, How One Girl Put Segregation on Trial Written by: Susan E. Goodman illustrated by: E. B. Lewis Published by: Bloomsbury, 2015 Genre: historical fiction, 40 pages Themes: segregation, discrimination in education, Boston, Sarah C Roberts, African Americans Ages: 7-11 Opening: Sarah Roberts was four … Continue readingAdd a Comment
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Blog: Miss Marple's Musings (Login to Add to MyJacketFlap)
JacketFlap tags: Perfect Picture Book Friday, 19th century, African Americans, Boston, discrimination in education, E B White, Historical fiction, How One Girl Put Segregation on Trial, PPBF, Roberts v Boston, Sarah C Roberts, Segregation, Susa E Goodman, the First Step, Add a tag
Blog: Miss Marple's Musings (Login to Add to MyJacketFlap)
JacketFlap tags: 2015 Diversity Reading Challenge, Diversity Reading Challenge 2015, African American Interest, Determination, Discrimination, Eric Velasquez, Fairness, Human & Civil Rights, Justice & Equality, NEW SHOES, Segregation, Shoes, Susan Lynn Meyer, WNDB, Add a tag
Title: New Shoes Written by: Susan Lynn Meyer Illustrated by: Eric Velasquez Published by: Holiday House, 2015 Themes/Topics: Shoes, Segregation, Discrimination, African American Interest, Human & Civil Rights, Fairness, Justice & Equality, Determination, Genre: Historical fiction Suitable for ages: 5-8 Opening: My cousin Charlotte … Continue readingAdd a Comment
Blog: The Children's Book Review (Login to Add to MyJacketFlap)
JacketFlap tags: Ages 9-12, Chapter Books, Cultural Wisdom, 1960s, African American, American History, Civil Rights, Deborah Wiles, Desegregation, Documentary Fiction, Freedom Summer, Scholastic, Segregation, The Sixties Trilogy, Add a tag
Revolution, Deborah Wiles' second novel in The Sixties Trilogy, sends readers on a journey to Greenwood, Mississippi in the summer of 1964, also known as "Freedom Summer."Add a Comment
Blog: The Children's Book Review (Login to Add to MyJacketFlap)
JacketFlap tags: Ages 9-12, Books for Boys, Books for Girls, Cultural Wisdom, Adversity, African American, African American Authors, African American History Month, Atheneum Books for Young Readers, Black History Month, Books Set in the 1930s, Civil Rights, Community Relationships, Diversity, Family Relationships, featured, Great Depression, Historical Fiction, Ku Klux Klan, Segregation, Sharon M. Draper, Simon & Schuster Books for Young Readers, Add a tag
Stella by Starlight, by esteemed storyteller Sharon M. Draper, is a poignant novel that beautifully captures the depth and complexities within individuals, a community, and society in 1932, an era when segregation and poverty is at the forefront.Add a Comment
Blog: Shelf-employed (Login to Add to MyJacketFlap)
JacketFlap tags: death, historical fiction, J, North Carolina, segregation, Add a tag
I would never think of "North Carolina fiction" as a genre in children's literature, but I seem to have read quite a bit of it lately. I picked up Three Times Lucky because my daughter is attending college in North Carolina. I loved it!! Later, I had the good fortune of reviewing The Ghosts of Tupelo Landing (also by Sheila Turnage) for AudioFile Magazine. I can't say enough how quirky and wonderful and timeless these books are!
Another North Carolina book caught my eye last year (I love the cover art!) but I just got around to reading it.
The Sittin' Up by Sheila P. Moses (Putnam, 2014).
The premise for The Sittin' Up is an interesting one. The year is 1940, and former slave, Mr. Bro. Wiley has died. Stanbury "Bean" Jones is 12 years old, finally old enough to attend his first "sittin' up," an area tradition with similarities to an "Irish wake" or Judaism's "sitting shiva." There is not a lot of action in The Sittin' Up - something I've seen it knocked for in other reviews. I, however, loved the opportunity to take my time and get to know the rich personalities of the Low Meadows community, where they treat death with sorrow, remembrance, practicality, and humor.
Mr. Bro. Wiley lived with Bean and his parents, Stanbury and Magnolia Jones, and was revered by the everyone in the closely-knit African American community. Bean's father, a stutterer, is generally accepted as a leader of the community and is a foreman on the tobacco farm where many of the Low Country men work for the white, wealthy, Mr. Thomas. Bean's mother is Magnolia, a kind, commonsense woman with a baby on the way.
Other characters include Miss Florenza (the bootlegging sinner who dares wear red to a sittin' up) and Miss Lottie Pearl (Pole's busybody mother and Magnolia's best friend),
"Yes, Lord. Please help us," Miss Florenza said. Miss Lottie Pearl rolled her eyes at Miss Florenza. Poor Miss Florenza can't even talk to Jesus without Miss Lottie Pearl putting her two cents in.
Bean's best friend is Pole (they go together like a bean to a pole), and there's the preacher (who is more concerned with fancy clothes, cars, and women, than his parishioners),
"I thought we were in a Depression," Pole whispered to me.There's also Uncle Goat the liar,
"We are." I whispered back.
"Look like to me Reverend Hornbuckle should have been thinking about how the folk at Sandy Branch Baptist Church are gonna eat come winter instead of buying a new car," Pole said. Wasn't sure if the preacher heard my sassy friend, but she didn't seem to care. She got a whole of Miss Lottie Pearl in her as sho' as Mr. Bro. Wiley was dead in the house.
Ma swears Uncle Goat is the biggest liar in Northampton County. Papa said that ain't so. He said Uncle Goat is the biggest liar in the state of North Carolina. That's how he got the nickname Goat. Ma says he eats the truth up faster than a goat eats grass.
Even Mule Bennett has a personality,
"I will never forget Mr. Bro. Wiley," I thought as we headed to town. Mule Bennett must have felt the same way. He was slowing down and barely lifted his head. Papa kept saying, "Get-get, get up, mule, get up." But Mule Bennett took his own sweet time.Mr. Bro. Wiley,the reader gets to know through the remembrances of the living.
Yes, this is a story about segregation and how a great catastrophe serves as a catalyst for change, but that is the backdrop for a story that is mostly about people - wonderfully flawed people - people who sometimes do the wrong thing, but choose the right one when it matters - people who know the value of dignity and community - people who find sorrow and joy and humor in the small occurrences of daily life - people - just plain people - just like us.
I may have nothing in common with North Carolina sharecroppers of 1940, but these people "spoke" to me, nonetheless. If you enjoy historical fiction with a character-driven plot, you'll love The Sittin' Up.
- You can listen to an audio excerpt of The Sittin' Up here.
- Read a short "interview" with Sheila Moses here.
Blog: The Children's Book Review (Login to Add to MyJacketFlap)
JacketFlap tags: Ages 4-8, Books for Girls, Cultural Wisdom, Current Affairs, Picture Books, Social Graces, African American, African American History Month, American History, Books About Shoes, Civil Rights, Diversity, Eric Velasquez, featured, Historical Fiction, History, Segregation, Susan Lynn Meyer, Add a tag
Set in the 1950s during the infamous days of Jim Crow, New Shoes is a story of an African American girl who comes up with a brilliant idea to remedy the far-too-often degrading experience of buying shoes, especially for back-to-school.Add a Comment
Blog: OUPblog (Login to Add to MyJacketFlap)
JacketFlap tags: A-Editor's Picks, A-Featured, American History, Film, atlantic city, boardwalk, boardwalk empire, boardwalk of dreams, bryant simon, casinos, gambling, HBO, new jersey, prohibition, segregation, temple university, atlantic, Add a tag
A new HBO series, Boardwalk Empire, premiered this weekend. Worlds away from what we see on Jersey Shore, it has reignited interest in New Jersey history and culture. Bryant Simon (author of Boardwalk of Dreams: Atlantic City and the Fate of Urban America and Professor of History at Temple University) has been interviewed for the accompanying HBO documentary, and here we ask him some questions about the "dreamlike" place that is AC.
You've described yourself as a native of South New Jersey. What drew you to writing the history of Atlantic City?
When I was growing up in the 1960s and 1970s in Vineland, Philly was not the place that drew us; it was more Atlantic City. That was where we went for splurge meals, special occasions, amusement parks, parades, and shopping. In fact, that's where I got my bar mitzvah suit! Years later, my family moved just outside of Atlantic City and I watched, while riding my bike in the morning on the Boardwalk, as gambling woke the place up and irrevocably transformed it. I was transfixed by the city, by people's nostalgia for it, by its nervous energy, and its aching sadness and painful poverty in the midst of plenty. Really, it had everything I wanted to write about it – it was like a Springsteen song, a place that could be mean and cruel, but a place of romance and possible redemption. How could I resist?
Compared to places like Las Vegas or Coney Island in its heyday, how did/does Atlantic City epitomize the urban playground?
All of these places share something in common – they are each the tale of two cities. They are places built in the interests of visitors, not necessarily residents; they sell (or sold) fantasies – fantasies that put tourists as the center of the narrative and allowed them to slip their daily skin and imagine themselves not as they were, but as they wanted to be. That is what people paid for when they went these places – they paid for fantasies.
As you researched the book, what memorable anecdotes did you come across that really captured the heart and history of Atlantic City?
One of the first things I learned about Atlantic City stayed with me throughout the project. I remember looking at a postcard from the 1920s or so. In it, the benches on the Boardwalk were pointed away from the beach. I asked if this was a mistake. "No" an expert on the city told me, "That's how it was." That was my first lesson that Atlantic City was essentially a stage and the visitors were both actors and audience.
You've been interviewed for a documentary that's set to run in conjunction with the HBO series, Boardwalk Empire. What do you make of the series' take on Atlantic City, and what to your mind does it say about public perception of the city?
If the show is a success, it will no doubt draw tourists to town, looking for the romantic, if still violent, past the program surely mythologizes. Yet the real Atlantic City Boardwalk of today has little relationship to the past except its common geography. Most of the dreamlike hotels – buildings that looked like French chateaux and Moorish palaces – have been torn down. The amusement piers are long gone or covered up and turned into air-conditioned malls. The crowds of people dressed in their Sunday – really their sleek and elegant Saturday night best – have been replaced by people in t-shirts and flip flops. Except for the ocean and
Blog: OUPblog (Login to Add to MyJacketFlap)
JacketFlap tags: *Featured, African American Studies, History, US, black women in america, civil rights, darlene clark hine, Jim Crow, montgomery bus boycott, rosa parks, segregation, this day in history, Add a tag
Today is the 55th anniversary of Rosa Parks' infamous stand sit during the Montgomery Bus Boycott. Her daring refusal to move to the back of the bus was not a decision made lightly because she was simply "too tired." "The only tired I was," Parks wrote in Rosa Parks: My Story (1992), "was tired of giving in." The following short biography of Parks comes from Darlene Clark Hine, editor of Black Women in America.
Parks, Rosa (b. 4 February 1913 ; d. 24 October 2005 ), civil rights activist. From the moment her photograph was first published in newspapers across America, Parks, with her quiet dignity, has been a symbol for the civil rights movement in this country. Those who orchestrated the Montgomery bus boycott bypassed several other women to choose Parks as a representative of all the black women and men who were forced to live with Jim Crow laws and customs in the South, and she lived up to their expectations.
Early Life and Activism
Rosa Louise McCauley was born in Tuskegee, Alabama, the daughter of James McCauley , a carpenter, and Leona Edwards , a teacher. Her father migrated north to find work when Rosa was two years old and did not often communicate with the family after that. Her mother moved Rosa and a younger brother to Pine Level, Alabama, to be nearer her own parents and siblings. In Pine Level, Parks worked as a field hand, in addition to taking care of her grandparents while her mother worked, often as a teacher. Parks's mother homeschooled her until she was eleven, then sent her to live with her aunt in Montgomery so that she could go to school. While attending the Montgomery Industrial School for Girls, she did household chores for her aunt and also went out to do domestic work outside the home. She attended the Booker T. Washington High School but left before graduation to take care of her mother. Her experience in all these situations left her angry about the injustices in the world, and, when she was nineteen, she met Raymond Parks , a barber who was involved in the civil rights movement. On 19 December 1932 they were married.
The couple did not have children. With her husband's encouragement, Parks completed her high school education, receiving a diploma in 1934 . From the beginning of their marriage, both were social activists. They worked to secure the release of the Scottsboro Boys, nine black youths accused of raping two white girls. Parks joined the Montgomery Voters League and worked to enfranchise African Americans in the community. During the 1940s she joined the Montgomery chapter of the NAACP and served as secretary of the branch from 1943 until 1956 . Edgar Daniel Nixon Jr. , organizer of the Black Brotherhood of Sleeping Car Porters Union in Montgomery and head of the Progressive Democrats, was president of the local NAACP chapter.
Particularly good at working with young people, Parks helped train a group of NAACP youths to protest
Blog: OUPblog (Login to Add to MyJacketFlap)
JacketFlap tags: *Featured, Current Events, Psychology, ervin staub, genocide, hope, overcoming evil, Racism, segregation, university of massachusetts, staub, ideology, ervin, vision, constructive, overcoming, Add a tag
By Ervin Staub
In difficult times people need a vision of a better future to give them hope. The U.S. is experiencing difficult times. The majority of people are poorer and many are out of work, the political system is frozen and corrupted by lobbyists and institutions that have gone awry, and there are constant changes in the world that create uncertainty. We are also at war, and face the danger of attack. While pluralism – the openness and public space to express varied ideas, and for all groups in society to have access to the public domain – is important for a free society, the cacophony of shrill voices creates confusion and makes it difficult for constructive visions and policies to emerge.
In times like these, subgroups of a society – racial, ethnic, religious or political – often turn against other groups. Members of one group, often the largest or dominant group, blame others for the difficulties of life. Often, their ideology is destructive. Instead of addressing the source of societal problems, such visions frequently focus on enhanced national power, racial superiority, or a utopian degree of social equality in the society or in the world. They identify enemies that supposedly stand in the way of the fulfillment of the vision. The group turns against and engages in increasingly harmful, and eventually violent, actions against this enemy.
In response to intensely difficult conditions, destructive ideologies and movements have shaped life in many nations. In Germany the ideology stressed racial superiority, expansion, and submission to a leader. Jews and gypsies were regarded as racially inferior, Slavs both inferior and in the way of expansion. In Cambodia the vision was of total social equality, with everyone judged incapable of contributing to or living in such a society, whether the former elite, educated people or minorities as enemies. In the former Yugoslavia, for the Serbs, it was renewed nationalism, with other groups, especially Muslims in Bosnia and Kosovo as enemies. In Argentina, people stood against communism and in defense of faith and order. Everyone considered left-leaning – even people working to improve the lives of poor people – became enemies. In Rwanda "Hutu power" over the Tutsi minority, became the guiding ideology. While significant societal change is usually shaped by a number of influences, such ideologies had important roles in creating hostility and violence, ending in mass killing or genocide.
In the U.S. so far, in spite of our increasingly dysfunctional political life and shrill political rhetoric, there is no comparable destructive ideology. While we have many divisions, and ignore the harm to civilians outside the country in the wars we fight, the rights of different groups inside the country have increasingly come to be respected, especially in the last half century. However, many have turned against the current administration, and to some extent, against government in general. They affirm core American values of freedom and individuality, but in the service of tearing down, without a vision of what to create. This is one half of an ideology, the against part, without a clear aim, a for part.
Such rebellion seems to be supported, and perhaps instigated, by people in the background who finance it, and by politicized media. It thrives on people's genuine and understandable distress, the result of the frustration of material needs, but even more, the frustration of a variety of psychological needs, uncertainty, and fear. Joining ideological groups and movements helps fulfill needs for security, community, and a feeling of effectiveness at a time when people feel powerless.
We need a constructive vision, words joined
Blog: librarian.net (Login to Add to MyJacketFlap)
JacketFlap tags: blogz, astronaut, larrynix, libraryhistory, libraryjournal, lj, segregation, wilwheaton, Add a tag
Sometimes it's a good thign to remember that libraries have big imacts on people who do big things. The ripple effect is hard to quantify, but it's a good thing to remember. From my inbox
- Ronald McNair was one of the astronuauts killed in the Challenger explosion 25 years ago. There was a piece on NPR about his brother reminiscing about how McNair was adamant about using his public library in South Carolina despite the fact that it was supposedly for "whites only"
- Wil Wheaton, actor and blogger shared a short bit he wrote for a literacy project explaining why he thinks librarians are awesome.
- In the comments of that post is a link to this poem published in Library Journal: Why I Am In Love With Librarians.
- Another booster site that I forgot to mention earlier is the Library History Buff site. Larry Nix is a retired librarian and library history enthusiast. I've linked to his library history page many times over the years, but I'm not sure if I've linked to his blog. He recently did a post wrapping up the work he did in 2010 and pointing to the page he created for it. Good stuff, worth reading.
[...] This post was mentioned on Twitter by Library Feed, librarian.net. librarian.net said: §: some library love links from astronauts and actors and poets and fans http://j.mp/hsT4rr [...]
Blog: Living the Dream... (Login to Add to MyJacketFlap)
JacketFlap tags: Books, Alabama, Candlewick Press, Eric Stein, Michael S. Bandy, Opelika, Random House, segregation, Walker Books, water fountains, white water, Add a tag
Look for my new title, WHITE WATER this August in stores and online. Books are currently available for preordering. WHITE WATER is written by Michael S. Bandy and Eric Stein and is published by Candlewick Press. You can find out more about the authors here. I'm pleased to see that this title will be distributed by Random House and Walker Books in Australia and New Zealand. It is one of my dreams to see New Zealand. Feel free to contact me for school visits New Zealand and Australia!
For a young boy growing up in the segregated south, a town drinking fountain becomes the source of an epiphany.
"White Water is a wonderful way to give children an American history lesson proving that racism is a waste of time."
–Bill Cosby"
…Michael's discoveries remind us that we are interconnected and help us to believe in the possibilities for a better future. I can't wait to share White Water with the children in my life…and come to think of it, I'll be sharing it with the adults too."
–Melissa Harris-Perry
Princeton Professor
MSNBC Contributor and Columnist for The Nation
Blog: OUPblog (Login to Add to MyJacketFlap)
JacketFlap tags: rosa, montgomery, boycott, montgomery's, driver, 1955, *Featured, African American Studies, This Day in History, US, African American History, american history, civil rights movement, higher education, martin luther king jr, rosa parks, segregation, the south, this day in world history, parks, Add a tag
This Day in World History
December 1, 1955
Rosa Parks refuses to change her seat
On December 1, 1955, Rosa Parks refused to move—and became the mother of the civil rights movement.
In 1955, strict segregation laws separated African Americans and whites in public settings across the South, including Parks's home town, Montgomery, Alabama. That December evening, returning home from work, Parks sat with three other African Americans in a row just behind the fourteen whites in the front of the bus. Because the bus was full, a white man had to stand when he entered the bus. Under the South's Jim Crow laws, whites sat and African Americans stood. The bus driver told Parks and the other three blacks to move to the back of the bus—the black section. The other three did, but Parks refused. The driver insisted, and she refused again. Faced with continued refusal, he used his powers under a city ordinance to arrest her. The driver summoned the police, and Parks spent the night in jail.
The arrest galvanized Montgomery's African Americans. The local chapter of the NAACP had long resented the segregated buses and the drivers' treatment of blacks; now they had a chance to act. The next day, a women's council called for a boycott of the city bus system. African Americans by the thousands complied. By December 5, a new group—the Montgomery Improvement Association—was formed to coordinate the boycott. Inspired by young clergyman Martin Luther King, Jr., Montgomery's African Americans kept up their boycott for more than a year, until the U.S. Supreme Court ruled segregation on buses unconstitutional. The Montgomery Bus Boycott was one of the early triumphs of the civil rights movement. Parks later admitted her surprise: "I had no idea when I refused to give up my seat on that Montgomery bus that my small action would help put an end to the segregation laws in the South."
"This Day in World History" is brought to you by USA Higher Education.
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Blog: Welcome to my Tweendom (Login to Add to MyJacketFlap)
JacketFlap tags: Friendship, Tween, segregation, first crushes, 2012, countrified, Scholastic Press, family, racism, libraries, Add a tag
But it's the summer of 1964, and Glory's age isn't the only thing that's changing. First off Jesslyn, who used to play junk poker and talk with Glory in their shared room, isn't really talking anymore. She's busy dressing up, putting on lipstick and sneaking visits with new boy Robbie at the library. And then there's Glory's best friend Franklin Cletus Smith (Frankie for short). Sure he's always been pushed around by his big brother J.T., but now Frankie is seeming to spew the same kind of stupidity as J.T. and his Daddy. After all, it's Frankie who tells Glory that the pool is closing. He says he overheard his Daddy talking about it. He said it has cracks and needs to be fixed. Glory doesn't see any cracks...
Hanging Moss, Mississippi has to face the fact that just because things have always been one way, doesn't make that way right. Maybe there shouldn't be a white fountain and a colored fountain. Maybe the community pool shouldn't only be for white people. Maybe the library should be open to all.
Augusta Scattergood tells one girl's story about a summer of change in the South. Glory's world view is pitch perfect as she slowly starts to understand the bigger reasons for the pool closing, and her fellow townspeople's treatment of the Yankees who have come to town. Glory is a white girl who has grown-up in the white part of town with a black maid employed by her preacher father. She has all of the spunk and indignation of an 11 year old who can see right and wrong, but has a hard time seeing where she fits into the picture. This is a great tween read that will get readers thinking about the big issues of social justice as well as the universal changes that come with growing up.
Great review. I haven't read it, but "my" library has it, so now I recommend it to students. :)
Thank you so very much for this thoughtful review. I particularly like the label "first crushes"- something I hadn't thought of but fits perfectly. :)
Blog: The Children's Book Review (Login to Add to MyJacketFlap)
JacketFlap tags: Ages 9-12, Books for Girls, Chapter Books, Adventure, Family, Friendship, Historical Fiction, Laurel Snyder, Magic, Random House Children's Books, Segregation, Suspense, Add a tag
In Seven Stories Up, Laurel Snyder combines humor and friendship to spin a rich story of adventure, sprinkled with Snyder's signature magic and mystery.Add a Comment
Blog: librarian.net (Login to Add to MyJacketFlap)
JacketFlap tags: blogz, civilrights, comicbook, comix, graphicnovel, mlk. martinglutherking, segregation, Add a tag
"In December of 1957 a comic book was published that really did threaten the future–at least the future of American segregationists. Carefully preserved in the special collections of several academic libraries, such as The Smithsonian Institution, Morehouse College, and Stanford University, The Montgomery Story, a 14-page comic book is, credited with being one of the most influential teaching tools ever produced for the Civil Rights Movement."
[...] at Book Patrol (compete with interior images) is a must-read. Fascinating stuff. Many thanks to librarian.net for the [...]
Blog: A Garden of Books (Login to Add to MyJacketFlap)
JacketFlap tags: Floyd Cooper, Aaron Reynolds, African American, Segregation, Add a tag
Link @ Amazon for the book:
Link @ the publishers:
For ages 4-8, 32 pages, published by Philomel Books a division of Penguin Young Readers, published 2010
Back of the Bus is based on the true historical story of Rosa Parks a woman that was tired from her day at work, and she sat down in a seat on the public transportaion bus in Montgomery, Alabama. When she was told to move to the back of the bus where people of her color sat, she refused, and then she was arrested.
The fictional part of the story that the author weaves in to the real story, is of a little boy and his mother that are sitting in the back of the bus traveling to their home observing what is happening to Rosa Parks. The little boy does not understand and his mother is concerned about what this act will mean for them.
The illustrations and words are full of the immensity of the little boy's world. The facial expressions are evocative and demanding from the reader to grasp the importance of this act.
This is a world---and a prejudice---that I cannot grasp, it sickens me.
Yet, this act (what Rosa Parks in courage did) was a beginning, that even through today should incite us to not allow prejudice and hatred and segregation to happen ever again. (I guess I'm preaching)
This is a great book, be prepared to explain to the child on a level that they will understand about this story.
Blissful Reading!
I couldn't agree more! Great book!
Wanted to let you know I posted my award and did it on my family blog! (themagoosnews) hope you don't mind! Thank you again for sharing it with me!
Enjoy your granddaughter! Heavenly days with them isn't it :)


text:
Flat products
ArcelorMittal reports results for the first quarter 2016
ArcelorMittal Europe reports €328m Ebitda for first quarter of 2016
ArcelorMittal announces results of 2016 Annual General Meeting
May 6, 2016
- ArcelorMittal (referred to as "ArcelorMittal" or the "Company") (MT (New
York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world's leading
integrated steel and mining company, today announced results[1]
for the three month period
ended March 31, 2016.
Strategic update:
Outlook and guidance:
Financial highlights (on the basis of IFRS[1]):
Commenting, Mr.
Lakshmi N. Mittal, ArcelorMittal chairman and CEO, said:
results for the first quarter reflect the very tough operating conditions in
the second half of 2015. Since that time we have seen a recovery in spreads in
our core markets to more sustainable levels, which is expected to result in
improved results in the coming quarters. This is a welcome development,
although given the levels of excess capacity in China the market remains
fragile and we must continue to be vigilant and active against the threat of
unfair trade.
the successful completion of the $3.2 billion rights issue, the Company has a
sector-leading balance sheet. Our priority now is to improve the
structural earnings capability of the group through our five year strategic
plan, Action 2020, which will drive significant improvements in both EBITDA and
cash-flow over the longer-term."
First quarter 2016 earnings
analyst conference call
ArcelorMittal management will host a conference
call for members of the investment community to discuss the three month period
ended March 31, 2016 on:
Forward-Looking Statements
This document may contain forward-looking
information and statements about ArcelorMittal and its subsidiaries. These
statements include financial projections and estimates and their underlying
assumptions, statements regarding plans, objectives and expectations with
respect to future operations, products and services, and statements regarding
future performance. Forward-looking statements may be identified by the words
"believe," "expect," "anticipate," "target" or similar expressions. Although
ArcelorMittal's management believes that the expectations reflected in such
forward-looking statements are reasonable, investors and holders of
ArcelorMittal's securities are cautioned that forward-looking information and
statements are subject to numerous risks and uncertainties, many of which are
difficult to predict and generally beyond the control of ArcelorMittal, that
could cause actual results and developments to differ materially and adversely
from those expressed in, or implied or projected by, the forward-looking
information and statements. These risks and uncertainties include those
discussed or identified in the filings with the Luxembourg Stock Market
Authority for the Financial Markets (
Commission de Surveillance du
Financier) and the United States Securities and Exchange Commission (the "SEC")
made or to be made by ArcelorMittal, including ArcelorMittal's latest Annual
Report on Form 20-F on file with the SEC. ArcelorMittal undertakes no
obligation to publicly update its forward-looking statements, whether as a
result of new information, future events, or otherwise.
About ArcelorMittal
is the world's leading steel and mining company, with a presence in 60
countries and an industrial footprint in 19
countries. Guided by a philosophy to produce safe, sustainable steel, we are
the leading supplier of quality steel in the major global steel markets
including automotive, construction, household appliances and packaging, with
world-class research and development and outstanding distribution networks.
Through our core values of sustainability, quality and leadership,
we operate responsibly with respect to the health, safety and wellbeing of our
employees, contractors and the communities in which we operate.
For us, steel is the fabric of life, as it is at the heart of the
modern world from railways to cars and washing machines. We are actively
researching and producing steel-based technologies and solutions that make many
of the products and components people
use in
everyday lives more energy efficient.
We are one of the world's five largest producers of iron ore and
metallurgical coal. With a geographically diversified portfolio of iron ore and
coal assets, we are strategically positioned to serve our network of steel
plants and the external global market. While our steel operations are important
customers, our supply to the external market is increasing as we grow.
In 2015, ArcelorMittal had revenues of $63.6 billion and crude
steel production of 92.5 million tonnes, while own iron ore production reached
62.8 million tonnes.
ArcelorMittal is listed on the stock exchanges of New York (MT),
Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges
of Barcelona, Bilbao, Madrid and Valencia (MTS).
For more information about ArcelorMittal please visit:
Corporate responsibility and
safety performance
and safety - Own personnel and contractors lost time injury frequency rate
and safety performance, based on own personnel figures and contractors lost
time injury frequency (LTIF) rate, improved to 0.72x in the first quarter of
2016 ("1Q 2016") as compared to 0.83x for the fourth quarter of 2015 ("4Q
2015") and as compared to 0.88x for the first quarter of 2015 ("1Q 2015").
Between 1Q 2016 and 4Q 2015, improvements in the health and safety performance
of the Brazil, Europe and NAFTA segments relative to 4Q 2015, were partially
offset by deterioration in the ACIS and Mining segments.
Company's effort to improve the Group's Health and Safety record continues and
remains focused on both further reducing the rate of severe injuries and
preventing fatalities.
personnel and contractors - Frequency rate
corporate responsibility highlights for 1Q 2016:
ArcelorMittal's 2015 annual review entitled "Structural
resilience" was released on April 28, 2016. This represents the Company's
first step towards integrated reporting, by including the group's
sustainability progress, and the value we create for society.
During the quarter, ArcelorMittal launched
new sustainability webpages which provide ongoing narrative online reporting on
sustainable development.
ArcelorMittal's actions in sustainability
continue to receive positive recognition from industry leaders:
ArcelorMittal Mining received significant recognition for its
sustainability performance:
Analysis of results for 1Q 2016
versus 4Q 2015 and 1Q 2015
Total steel shipments for 1Q 2016 were 8.8%
higher at 21.5 million metric tonnes
as compared with 19.7 million metric tonnes for 4Q 2015 (primarily due to
improved shipments in NAFTA +19.2%, Europe +10.3% and ACIS +7.7% offset in part
by lower shipments in Brazil -14.0%), and 0.6% lower as compared to 21.6
million metric tonnes for 1Q 2015 (primarily due to lower shipment volumes in Brazil
-8.7% offset in part by improved ACIS shipments +10.3%).
Sales for 1Q 2016 were $13.4 billion as
compared to $14.0 billion for 4Q 2015 and $17.1 billion for 1Q 2015. Sales in 1Q
2016, were 4.2% lower as compared to 4Q 2015 primarily due to lower average
steel selling prices (-8.7%) and lower market-priced iron ore shipments (-21.1%),
offset in part by higher steel shipments (+8.8%) and higher iron ore reference
prices (+3.5%). Sales in 1Q 2016 were 21.7% lower as compared to 1Q 2015
primarily due to lower average steel selling prices (-22.1%), lower market-priced
iron ore shipments (-16.8%) and lower iron ore reference prices (-22.7%).
was lower at $652 million for 1Q 2016 as compared to $807 million in 4Q 2015
and 1Q
2015, respectively. Depreciation was lower in 1Q 2016 as compared to 4Q 2015 primarily due
to asset impairments booked in 4Q 2015 as well as foreign exchange impact. FY 2016 depreciation
is expected to be approximately $2.8 billion (based on current exchange
rates) as compared to the previous $3.0 billion guidance.
Impairment charges for 1Q 2016 and 1Q 2015
were nil. Impairment charges for 4Q 2015 were $4.7 billion[6]
including $0.9 billion with respect to the Mining segment goodwill and $3.8
billion primarily related to fixed assets.
Exceptional charges for 1Q 2016 and 1Q 2015
were nil. Exceptional charges for 4Q 2015 were $0.9 billion, which primarily
included $0.8 billion inventory related charges following the rapid decline of
international steel prices and $0.1 billion of litigation and other costs in
South Africa.
Operating income for 1Q 2016 was $275 million
as compared to an operating loss of $5.3 billion for 4Q 2015 and operating
income of $571 million in 1Q 2015. Operating results for 4Q 2015 were impacted
by impairments and exceptional charges discussed above. Operating results for
1Q 2015 were negatively impacted by a $69 million provision primarily related
to onerous hot rolled and cold rolled contracts in the US.
from investments in associates, joint ventures and other investments for 1Q 2016
was $324 million as compared to a loss in 4Q 2015 of $655 million. Income for
1Q 2016 includes $329 million related to gain on disposal of Gestamp[3]. The loss in 4Q 2015
was primarily due to write-downs
totalling $608 million primarily related to the Company's investments in the Kalagadi
Manganese mining project in South Africa ($0.3 billion), Indian investee ($0.1
billion) due to downward revisions in projected cash flows and $0.1 billion
related to the decrease in market value of the investment in Erdemir.
interest expense in 1Q 2016 was $332 million as compared to $312 million in 4Q
2015 and $323 million in 1Q 2015. Net interest expense was higher in 1Q 2016 as
compared to 4Q 2015 primarily due to lower interest income.
Foreign exchange and other net financing gain
in 1Q 2016 was $9 million as compared to foreign exchange and other net
financing loss of $342 million for 4Q 2015 and $756 million for 1Q 2015. Foreign exchange and
other net financing gain for 1Q 2016 include a foreign exchange gain of $107
million as compared to a loss of $104 million for 4Q 2015 primarily on account
of USD depreciation of 4.6% against the Euro (versus 2.8% appreciation in 4Q
2015) and 9.7% depreciation against BRL (versus 1.7% depreciation in 4Q 2015).
This foreign exchange gain is largely non-cash and primarily relates to the gain
from the impact of the USD depreciation on Euro-denominated deferred tax
assets, partially offset by foreign exchange loss on Euro-denominated debt. Foreign
exchange and other net financing loss for 1Q 2015 include foreign exchange loss
of $538 million mainly on account of USD appreciation of 11.4% against the Euro
and 17.2% against BRL relative to the prior period.
recorded an income tax expense of $700 million for 1Q 2016 as compared to
income tax expense of $441 million for 4Q 2015, and income tax expense of $210
million for 1Q 2015. The tax expense in 1Q 2016 includes derecognition of
deferred tax assets (DTA) amounting to $0.7 billion in Luxembourg. This derecognition
(or impairment) is related to revised expectations of DTA recoverability in US
dollar terms, and is not related to a deterioration of expected future taxable
interest income for 1Q 2016 amounted to $8 million primarily related to losses
generated by ArcelorMittal South Africa. Non-controlling interest income for 4Q
2015 of $395 million primarily related to asset impairments in South Africa and
Liberia. Non-controlling
interest loss of $8 million for 1Q 2015 primarily related to minority
shareholders' share of net income recorded in ArcelorMittal Mines Canada and
Belgo Bekaert Arames in Brazil.
ArcelorMittal recorded
net loss for 1Q 2016 of $416 million, or $0.23 loss per share (adjusted net
loss of $176 million)[2], as compared to a net
loss of $6.7 billion, or $3.72 loss per share for 4Q 2015 (adjusted net loss of
$375 million)[2]
and net loss of $728 million,
or $0.41 loss per share for 1Q 2015 (adjusted net loss of $36 million)[2].
Capital expenditure projects
The following tables
summarize the Company's principal growth and optimization projects involving
significant capital expenditures.
projects in most recent quarters
Ongoing projects
a) Though the Monlevade
wire rod expansion project and Juiz de Fora rebar expansion were completed in
2015, and Juiz de Fora meltshop is expected to be completed in 2017, the
Company does not expect to increase shipments until domestic demand improves.
b) First production in
Baffinland was in 4Q 2014, with first shipments taking place during 3Q 2015
following the completion of shiploader and port infrastructure.
c) On July 7, 2015,
ArcelorMittal Poland announced it will restart preparations for the relining of
blast furnace No. 5 in Krakow, which is coming to the end of its lifecycle in
mid-2016. Total investments in the primary operations in the Krakow plant will amount
to PLN 200 million (more than €40 million), which also includes modernization
of the basic oxygen furnace No. 3. Additional projects in the downstream
operations will also be implemented. These include the extension of the hot
rolling mill capacity by 0.9 million tons per annum and increasing the hot dip
galvanizing capacity by 0.4 million tons per annum. The capex value of those
two projects exceeds PLN 300 million (€90 million) in total. In total, the
group will invest more than PLN 500 million (more than €130 million) in its
operations in Krakow, including both upstream and downstream installations.
d) ArcelorMittal remains
committed to Liberia where it operates a full value chain of mine, rail and
port. It has been operating the mine on a direct shipped ores (DSO) basis since
2011 and produced 4.3Mt in 2015. In the current initial DSO phase, significant
cost reduction and restructuring have continued to ensure competitiveness at
current prices. Drilling for DSO resource extension has recommenced, and in 2016 the operation has been right sized to 3Mtpa
to focus on its 'natural' Atlantic markets. This repositioning for size and
competitiveness also extends the life of the DSO phase as ArcelorMittal considers
the appropriate next phase of development.
ArcelorMittal had
previously announced a Phase 2 project that envisaged the construction of 15
million tonnes of concentrate sinter fines capacity and associated
infrastructure. The phase 2 project was initially delayed due to the
declaration of force majeure by contractors in August 2014 due to the Ebola
virus outbreak in West Africa. Whilst rapid price declines over the period
since force majeure have led to a reassessment of the project, ArcelorMittal is
considering transitioning production to a higher grade sinter fines product but
now in a phased approach as opposed to a major step up to 15Mtpa as originally envisaged in phase 2. Extensive
tonnage of concentrator feed material is already exposed in readiness for
concentrated sinter fines, and ArcelorMittal also has options in its concession
to mine higher grade, lower gangue DSO. Work continues in 2016 to define the
best business option.
of segment operations
NAFTA segment crude steel production
increased 9.9% to 5.6 million tonnes in 1Q 2016 as compared to 5.1 million
tonnes for 4Q 2015.
Steel shipments in 1Q 2016 increased 19.2% to
5.5 million tonnes as compared to 4.6 million tonnes in 4Q 2015, primarily
driven by a 20.8% increase in flat product steel shipments (mainly US) and 11.7% increase
in long product shipment volumes (in both Canada and Mexico).
Sales in 1Q 2016 increased by 6.2% to $3.8
billion as compared to 4Q 2015, primarily due to higher steel shipment volumes
as discussed above, offset in part by lower average steel selling prices
EBITDA in 1Q 2016 increased 24.2% to $339
million as compared to $273 million in 4Q 2015 primarily due to higher steel volumes,
lower costs and improved performance at Calvert. Operating performance in 4Q 2015 was
impacted by impairments totalling $507 million with respect to the intended sale of
Long Carbon facilities in the US (ArcelorMittal LaPlace, Steelton and Vinton totalling
$0.2 billion), and following planned asset optimization at Indiana Harbor East
and West in the US ($0.3 billion). In addition, operating performance in 4Q
2015 was impacted by exceptional
inventory related charges of $353 million following the rapid decline of steel
EBITDA in 1Q 2016 improved significantly as compared
to $53 million in 1Q 2015 which was negatively impacted by a $69 million
provision primarily related to onerous hot rolled and cold rolled contracts in
the US. Excluding this negative impact, EBITDA in 1Q 2016 was 178.5% higher as
compared to 1Q 2015 primarily due to improved performance of Calvert and
improved cost performance, offset in part by lower average steel selling prices
Brazil segment crude steel
production decreased 6.4% to 2.7 million tonnes in 1Q 2016 as compared to 2.9
million tonnes in 4Q 2015.
shipments in 1Q 2016 decreased by 14.0% to 2.5 million tonnes as compared to 4Q
2015, primarily due to a 17.3% decrease in flat steel shipments and 7% decrease
in long product shipments due to weak demand.
Sales in 1Q 2016 decreased by 40.0% to $1.3
billion as compared to 4Q 2015, due to lower average steel selling prices (-16.1%), lower
steel shipments discussed above, as well as tubular operations in Venezuela impacted by
currency devaluation[7].
EBITDA in 1Q 2016 declined by 19.8% to $145
million as compared to $181 million in 4Q 2015 on account of lower average steel
selling prices (primarily long steel products -9.2%), lower steel shipment
volumes as well as tubular operations in Venezuela impacted by currency
performance in 4Q 2015 was impacted by the $176 million impairment related to Point Lisas (Trinidad
and Tobago)
which had
been indefinitely idled,
and exceptional charges of $52 million
relating to inventory write down in Point Lisas.
EBITDA in 1Q 2016 was 61.5% lower as compared
to 1Q 2015 primarily due to lower average steel selling prices (-33.5%) and
lower steel shipments
(-8.7%), as
well as tubular operations in Venezuela impacted by currency devaluation.
Europe segment crude steel production increased
by 11.8% to 11.2 million tonnes in 1Q 2016, as compared to 4Q 2015.
Steel shipments in 1Q 2016 increased by 10.3%
to 10.4 million tonnes as compared to 4Q 2015, primarily due to a 13.7% increase
in flat product shipment volumes.
Sales in 1Q 2016 increased 1.1% to $7.2
billion as compared to 4Q 2015, primarily due to higher steel shipments as
discussed above, offset in part by lower average steel selling prices impacted
by the lagged effect of weak steel prices. Average steel selling prices
declined by 6.7% during 1Q 2016, as flat and long products declined 7.1% and 6.7%,
EBITDA in 1Q 2016 decreased by 33.3% to $363 million
as compared to $544 million in 4Q 2015, mainly driven by lower average steel
selling prices offset in part by higher steel shipment volumes. Operating
performance in 4Q 2015 was impacted by impairments of $398 million primarily in
connection with the idling for an indefinite time of the ArcelorMittal Sestao
plant in Spain and exceptional charges of $345 million, relating to the
write-down of inventories following the rapid decline of steel prices.
EBITDA in 1Q 2016 declined by 41.0% as compared to 1Q 2015 primarily on
account of lower average steel selling prices (-16.2%) and lower steel
shipments (-2.0%), offset in part by lower costs and efficiency improvements.
ACIS segment crude steel production in 1Q 2016
was stable at 3.7 million tonnes as compared to 4Q 2015.
Steel shipments in 1Q 2016 increased by 7.7%
to 3.3 million tonnes as compared to 4Q 2015 primarily due to increased
shipments in South Africa due to seasonality.
Sales in 1Q 2016 decreased by 4.7% to $1.2 billion
as compared to 4Q 2015, primarily due to lower average steel selling prices (-10.2%)
offset in part by higher steel shipments as discussed above.
EBITDA in 1Q 2016 of $61 million was stable compared
to 4Q 2015, primarily
due to lower average steel selling prices offset in part by higher steel
shipments and improved costs. Operating
performance in 4Q 2015 was impacted by impairments of $267 million primarily with respect to the
Saldanha plant in South Africa due to its revised competitive outlook, and exceptional
charges of $159 million primarily relating to a deferred stripping prepayment[8],
a provision in relation to competition cases in South Africa[9] and the write-down of inventories following the rapid decline of steel prices.
EBITDA in 1Q 2016 of $61 million was lower as compared to $133
million in 1Q 2015, primarily due to lower average steel selling prices (-36.9%)
offset in part by higher steel shipments (+10.3%) and improved costs.
Own iron ore and coal production not including strategic long-term contracts.
Iron ore and coal shipments of market-priced based materials include the
Company's own mines, and share of production at other mines, and exclude
supplies under strategic long-term contracts.
Own iron ore production (not including
supplies under strategic long-term contracts) in 1Q 2016 decreased by 8.9% to
14.1 million metric tonnes as compared to 4Q 2015 primarily due to lower seasonal
production in ArcelorMittal Mines Canada. Own iron
ore production (not including supplies under strategic long-term contracts) in
1Q 2016 was lower by 9.1% as compared to 1Q 2015. With ongoing focus on our
most competitive iron ore operations: production declined in Liberia (reduced scale
to 3 million tonnes per annum to improve competitiveness) and Mexico (primarily
due to suspension of operations in October 2015 of the Volcan Mine due to end
of mine life, with an estimated annual impact of two million tonnes) and Kazakhstan
offset in part by increased ArcelorMittal Mines Canada production.
ArcelorMittal Mines Canada production in 1Q 2016 of 6.0 million metric tonnes increased
7.2% as compared to 1Q 2015.
iron ore shipments in 1Q 2016 decreased by 21.1% to 7.8 million metric tonnes
as compared to 4Q 2015 primarily driven by lower seasonal shipments from
ArcelorMittal Mines Canada, Volcan mine in Mexico and ArcelorMittal Serra Azul
in Brazil. (Despite seasonally lower market priced iron ore shipments in 1Q
2016, ArcelorMittal Mines Canada remains on track for FY 2016 shipment growth
of greater than 26 million metric tonnes). Market-priced iron ore shipments in
1Q 2016 decreased by 16.8% as compared to 1Q 2015 driven by decreased shipments
primarily in Mexico and Liberia. As discussed above, market-priced iron ore
shipments are expected to decline by approximately 10% versus 2015.
Own coal production (not including supplies
under strategic long-term contracts) in 1Q 2016 was stable at 1.4 million
metric tonnes as compared to 4Q 2015. Own coal production (not including
supplies under strategic long-term contracts) in 1Q 2016 decreased 8.7% as
compared to 1Q 2015, due to lower production at our Kazakhstan operations.
Market-priced coal shipments in 1Q 2016 were
11.9% higher at 0.9 million metric tonnes as compared to 4Q 2015 primarily due
to increased shipments at Princeton (US) offset in part by lower shipments in
Kazakhstan. Market-priced coal shipments in 1Q 2016 increased as compared to 1Q
2015, primarily due to increased shipments at Princeton (US) offset in part by
lower shipments in Kazakhstan.
EBITDA in 1Q 2016 increased 9.2% to $98
million as compared to $90 million in 4Q 2015 primarily due to improved cost
performance, and better seaborne iron ore price realizations offset in part by
lower market-priced iron ore shipment volumes (-21.1%). Operating performance
in 4Q 2015 was impacted by impairments of $3.4 billion including $0.9 billion
with respect to goodwill and $2.5 billion primarily related to fixed assets in
respect of iron ore mining operations at ArcelorMittal Liberia ($1.4 billion),
Las Truchas in Mexico ($0.2 billion), ArcelorMittal Serra Azul in Brazil ($0.2
billion) and coal mining operations at ArcelorMittal Princeton in the
United States ($0.7 billion) mainly due to a downward revision of cash flow
projections relating to the expected persistence of a lower raw material
price outlook.
EBITDA in 1Q 2016 was 14.0% lower as compared
to 1Q 2015, primarily due to lower seaborne iron ore market prices (-22.7%) and
lower market-priced iron ore shipments, partially offset by lower unit iron ore
cash costs.
and Capital Resources
For 1Q 2016, net cash used in operating
activities was $690 million as compared to net cash provided by operating
activities of $1,574 million in 4Q 2015, mainly driven by a seasonal investment
in operating working capital of $1.2 billion as compared to a $1.3 billion
release in operating working capital in 4Q 2015[15].
Net cash used in
investing activities during 1Q 2016 was $572 million as compared to $646
million in 4Q 2015 and $456 million in 1Q 2015. Capital expenditure decreased
to $586 million in 1Q 2016 as compared to $736 million in 4Q 2015 and $745
million in 1Q 2015. FY 2016 capital expenditure is expected to be approximately
$2.4 billion.
Cash flow from other
investing activities in 1Q 2016 of $14 million primarily consisted of proceeds
from the partial disposal of the Company's stake in Stalprodukt (second
tranche). Cash flow from other investing activities in 4Q 2015 of $90 million
primarily consisted of proceeds from the partial disposal of the Company's stake
in Stalprodukt (first tranche) and disposal of tangible assets. Cash flow from
other investing activities in 1Q 2015 of $289 million primarily included a $108
million inflow from the exercise of the fourth put option on Hunan Valin shares[10], cash
received from the Kiswire divestment[11]
and proceeds from the sale of tangible assets.
Net cash provided by financing
activities for 1Q 2016 was $140 million as compared to net cash used in financing
activities of $367 million in 4Q 2015 and net cash provided by financing
activities of $313 million for 1Q 2015.
Other financing activities in 1Q
2016 was $63 million cash inflow as compared to $7 million cash inflow in 4Q
2015 and $20 million outflow in 1Q 2015. Other financing activities in 1Q 2016
primarily included capital contributions from minority shareholders in South
Africa[12] following the completion of its rights issue.
During 1Q 2016 and 4Q 2015, the
Company paid dividends primarily to minority shareholders in Brazil (Bekaert)
of $6 million and $11 million, respectively. During 1Q 2015, the Company paid
$53 million in dividends primarily to minority shareholders in ArcelorMittal
Mines Canada.
At March 31, 2016, the Company's cash and
cash equivalents (including restricted cash and short-term investments)
amounted to $2.9 billion as compared to $4.1 billion at December 31, 2015.
Gross debt of $20.2 billion at March 31, 2016,
increased from $19.8 billion at December 31, 2015 and $19.4 billion at March 31,
As of March 31, 2016, net debt increased to
$17.3 billion as compared with $15.7 billion in December 31, 2015, and $16.6
billion as of March 31, 2015, largely on account of working capital consumption
($1.2 billion) and foreign exchange impacts ($0.5 billion).
The foreign exchange impact in 1Q 2016 is largely on account of the 4.6% Euro appreciation
against the US dollar and the effect of exchange rate changes on net debt in
Venezuela ($0.1 billion).
The Company had liquidity of $8.9 billion at
March 31, 2016, consisting of cash and cash equivalents (including restricted
cash and short-term investments) of $2.9 billion and $6.0 billion of available
credit lines. The $6 billion credit facility contains a financial covenant of
4.25x Net debt / EBITDA. On March 31, 2016, the average debt maturity was 5.9
Key recent developments
Outlook and guidance
on the current economic outlook, ArcelorMittal expects global apparent steel
consumption ("ASC") to grow slightly in 2016 as compared to 2015. By region: In
the US, continued growth in underlying steel demand and the expected absence of
a further destock in 2016, is expected to lead to ASC growth of +3% to +4%. In
Europe, the pick-up in underlying demand is expected to continue supported by
the strength of automotive, but apparent demand is expected to be modest at +0%
to +1% in 2016 (versus a growth of +3.4% in 2015). In Brazil, ASC is expected
to decline further by between -10% to -12% in 2016 as the economy remains mired
in recession. With the ongoing recession in Russia impacted by weak oil prices,
CIS demand is expected to decline -5% to -6% (versus a decline of -8.0% in
2015). In China, our view of demand has marginally improved, but while we still
expect real demand to decline due to weakness in the real estate sector ASC is
expected to stabilise at around 2015 levels supported by an end to destocking (-4.3%
decline in 2015). While there remain risks to the global demand picture,
given ArcelorMittal's specific geographical and end market exposures, the
Company expects its steel shipments to remain stable in 2016 as compared to
The Company expects FY 2016 EBITDA to be in excess of $4.5
billion. The impact of the improving steel spread environment is expected to be
fully reflected in the results of the second half of the year.
The Company's cash requirements in 2016 are expected to total $4.5
billion, a greater than $1 billion reduction as compared to 2015. The
components of this reduction are: lower capex spend (FY 2016 capex is expected
to be approximately $2.4 billion as compared to $2.7 billion in FY 2015), lower
interest expenses (FY 2016 net interest is expected to be approximately $1.1
billion as compared to $1.3 billion in FY 2015); no dividend in respect of the
2015 financial year; and lower cash taxes.
The improving market conditions are likely to consume working
capital in 2016 (current estimate ~$0.5 billion); the Company nevertheless continues
to expect to be free cash flow positive in 2016.
ArcelorMittal Condensed Consolidated Statements of Financial
ArcelorMittal Condensed Consolidated Statement of Operations[1]
ArcelorMittal Condensed Consolidated Statements of Cash flows[1]
Appendix 1: Product shipments by region
Others and eliminations line are not presented in the table
Appendix 2: Capital expenditures
Note: Others and eliminations line are not
presented in the table
Appendix 3: Debt repayment schedule as of March 31, 2016
*Debt repayment schedule as shown above and
reported as of March 31, 2016, excludes the recent debt repayments post the
quarter end
Appendix 4: Credit lines available as of March 31, 2016
Appendix 5: Reconciliation of net loss to adjusted net (loss)/
Appendix 6: Terms and definitions
indicated otherwise, or the context otherwise requires, references in this
earnings release report to the following terms have the meanings set out next
to them below:
Lost time injury
frequency rate equals lost time injuries per 1,000,000 worked hours, based on
own personnel and contractors.
operating income
plus depreciation, impairment expenses and exceptional items.
Free cash flow:
net cash provided by operating activities
less purchases of property, plant and equipment and intangibles.
Net debt:
long-term debt, plus short term debt, less
cash and cash equivalents, restricted cash and short-term investments
(including those held as part of assets/liabilities held for sale).
Gross debt
: long-term debt, plus short term debt,
plus cash and cash equivalents, restricted cash and short-term investments
(including those held as part of assets/liabilities held for sale).
Market-priced tonnes:
represent amounts of iron ore and
coal from ArcelorMittal mines that could be sold to third parties on the open
market. Market-priced tonnes that are not sold to third parties are
transferred from the Mining segment to the Company's steel producing segments
and reported at the prevailing market price. Shipments of raw materials that
do not constitute market-priced tonnes are transferred internally and reported
on a cost-plus basis.
exchange and other net financing costs:
include foreign currency swaps, bank
fees, interest on pensions, impairments of financial instruments and
revaluation of derivative instruments, and other charges that cannot be directly
linked to operating results.
steel selling prices:
calculated as steel sales divided by steel shipments.
Mining segment sales:
i) "External sales": mined product
sold to third parties at market price; ii) "Market-priced tonnes": internal
sales of mined product to ArcelorMittal facilities and reported at prevailing
market prices; iii) "Cost-plus tonnes" - internal sales of mined product to
ArcelorMittal facilities on a cost-plus basis. The determinant of whether
internal sales are reported at market price or cost-plus is whether the raw
material could practically be sold to third parties (i.e. there is a
potential market for the product and logistics exist to access that market).
working capital[15]: trade accounts
receivable plus inventories less trade and other accounts payable
includes the acquisition of intangible
assets (such as concessions for mining and IT support) and includes payments
to fixed asset suppliers.
eaborne iron ore reference prices:
refers to iron ore
prices for 62% Fe CFR China.
Own iron ore production:
Includes total of
all finished production of fines, concentrate, pellets and lumps (excludes
share of production and strategic long-term contracts).
On-going projects:
Refer to projects for which
construction has begun (excluding various projects that are under
development), even if such projects have been placed on hold pending improved
operating conditions.
calculated as
EBITDA divided by total steel shipments.
Steel-only EBITDA:
calculated as
EBITDA less Mining segment EBITDA.
Steel-only EBITDA/tonne:
calculated as
steel-only EBITDA divided by total steel shipments.
Iron ore unit cash cost:
includes weighted
average pellet and concentrate cost of goods sold across all mines.
includes back-up lines for the commercial
paper program.
information at
segment and group level eliminates intra–segment shipments (which are
primarily between Flat/Long plants and Tubular plants) and
inter-segment shipments respectively. Shipments of Distribution
Solutions (renamed Downstream Solutions from January 1, 2016) are excluded.
The NAFTA segment includes the Flat, Long and Tubular operations of USA,
Canada and Mexico. The Brazil segment includes the Flat operations of Brazil,
and the Long and Tubular operations of Brazil and its neighboring countries
including Argentina, Costa Rica, Trinidad and Tobago and Venezuela. The
Europe segment comprises the Flat, Long and Tubular operations of the
European business, as well as Downstream Solutions. The ACIS division
includes the Flat, Long and Tubular operations of Kazakhstan, Ukraine and
South Africa.
: Refers to year-on-year
[1]The financial
information in this press release has been prepared consistently with
International Financial Reporting Standards ("IFRS") as issued by the
International Accounting Standards Board ("IASB"). The interim financial
information included in this announcement has been also prepared in accordance
with IFRS applicable to interim periods, however this announcement does not
contain sufficient information to constitute an interim financial report as
defined in International Accounting Standards 34, "Interim Financial
Reporting". The numbers in this press release have not been audited. The
financial information and certain other information presented in a number of
tables in this press release have been rounded to the nearest whole number or
the nearest decimal. Therefore, the sum of the numbers in a column may not
conform exactly to the total figure given for that column. In addition, certain
percentages presented in the tables in this press release reflect calculations
based upon the underlying information prior to rounding and, accordingly, may
not conform exactly to the percentages that would be derived if the relevant
calculations were based upon the rounded numbers. This press release also
includes certain non-GAAP financial measures.
[2]See appendix 5:
Reconciliation of net loss to adjusted net (loss)/ income for details of
exceptional items and impairments.
[3]On February 5, 2016
ArcelorMittal announced it had sold its 35% stake in Gestamp Automoción ("Gestamp")
to the majority shareholder, the Riberas family, for a total cash consideration
of €875 million. The transaction is unconditional and payment is expected to be
made to ArcelorMittal within six months. In addition to the cash consideration,
ArcelorMittal is expected to receive in 2Q 2016 a payment of $11 million as a
2015 dividend. ArcelorMittal will continue its supply relationship with Gestamp
through its 35% shareholding in Gonvarri, a sister company of Gestamp.
ArcelorMittal sells coils to Gonvarri for processing before they pass to
Gestamp and other customers. Further, ArcelorMittal will continue to have a
board presence in Gestamp, collaborate in automotive R&D and remain its
major steel supplier.
[4]Includes proceeds
from Gestamp sale $1.0 billion; Rights issue $3.2 billion and premium paid on
early repayment of debt subsequent to rights issue of $0.1 billion.
[5]Based on exchange
rate (€/$ 1.1250).
[6]Impairment charges
for 4Q 2015 were $4.7 billion including $3.4 billion within the Mining segment
consisting of: $0.9 billion with respect to goodwill and $2.5 billion primarily
related to fixed assets mainly due to a downward revision of cash flow
projections relating to the expected persistence of a lower raw material price
outlook at: ArcelorMittal Liberia ($1.4 billion); Las Truchas in Mexico ($0.2
billion); ArcelorMittal Serra Azul in Brazil ($0.2 billion); ArcelorMittal
Princeton coal mining operations in the United States ($0.7 billion); and $1.4
billion within the Steel segments consisting of: fixed asset impairment charges
of $0.2 billion related to the intended sale of the Long Carbon facilities in
the US (ArcelorMittal LaPlace, Steelton and Vinton within the NAFTA segment),
$0.4 billion primarily in connection with the idling for an indefinite time of
the ArcelorMittal Sestao plant in Spain (Europe segment), and $0.8 billion
related to: NAFTA: Deployment of asset optimization programs at Indiana Harbor
East and West in the United States ($0.3 billion); Brazil: ArcelorMittal Point
Lisas in Trinidad and Tobago ($0.2 billion) which had been indefinitely idled;
and ACIS: Saldanha plant in South Africa as a result of its revised competitive
outlook ($0.3 billion).
[7]Effective January 1,
2016, the Company discontinued the use of the SICAD rate (13.5VEF/$ as of
December 31, 2015), which was eliminated by the Venezuelan government, and
applied the DICOM rate (previously known as SIMADI) which was 273 VEF/$ at
March 31, 2016 to translate the financial statements of its Venezuelan
operations from VEF to USD.
[8]Under the amended
agreement, between Sishen Iron Ore Company Pty) Ltd and ArcelorMittal South
Africa the latter will pay market price (EPP) for iron ore and will therefore
no longer contribute towards stripping costs. Accordingly at December 31, 2015,
the "deferred stripping pre-payment asset" was derecognised and written off
through profit and loss.
[9]As reported in prior
periods, and dating back to 2007, the Competition Commission ("the Commission")
has referred five cases to the Competition Tribunal and is formally
investigating one further complaint against ArcelorMittal South Africa. The
Company has since engaged with the Commission and has made significant progress
regarding a possible overall settlement and is in the process of finalizing a
detailed settlement agreement. Whilst the draft settlement agreement is still
subject to final approval by the Commission and the Competition Tribunal, a
provision of R1,245 million representing the present value of a proposed
administrative penalty of R1,500 million has been recognized. The Company has,
subject to certain conditions being agreed upon with the Commission, proposed
to pay the administrative penalty over a period of 5 years subject to
appropriate interest.
[10]Following the sale of a 5% stake to Valin
Group as a result of the exercise of the third put option on February 8, 2014,
the Company's interest in Hunan Valin decreased from 20% to 15%. On August 6,
2014, the Company exercised the fourth and final instalment, which subsequently
led to the decrease in its stake in Hunan Valin from 15% to 10%. The Company
received cash from the third and fourth instalment of $108 million both in the
fourth quarter of 2014 and first quarter of 2015, respectively.
[11]On December 9, 2013, ArcelorMittal signed an
agreement with Kiswire Ltd. for the sale of its 50% stake in the joint venture
Kiswire ArcelorMittal Ltd in South Korea and certain other entities of its
steel cord business in the US, Europe and Asia for a total consideration of
$169 million. The net proceeds received in 2Q 2014 were $39 million being $55
million received in cash during the quarter minus cash held by steel cord
business. Additionally, $28 million of gross debt held by the steel cord
business had been transferred. During 1Q 2015, the Company received $45 million
and the final instalment of $47 million received in 2Q 2015.
[12]On January 15, 2016, ArcelorMittal South
Africa completed a rights offer for ZAR 4.5 billion fully underwritten by
ArcelorMittal followed by an issuance of new shares on January 18, 2016. Out of
the 692,307,693 rights offer shares which were offered to shareholders, a total
of 471,604,240 new ArcelorMittal shares, being 68.1% of the rights offer, were
applied for in terms of the rights offer. ArcelorMittal subscribed for its
proportional entitlement of the rights offer of 342,133,922 shares amounting to
ZAR 2,223,870,495 and, pursuant to its underwriting obligation, subscribed for
a further 220,655,076 new ArcelorMittal South Africa shares, amounting to ZAR
1,434,257,994. As a result of this transaction, the shareholding interest of
ArcelorMittal in ArcelorMittal South Africa increased from 52.02% to 70.55%.
[13]Assets and liabilities held for sale, as of
March 31, 2016 and as of December 31, 2015, include the carrying value of
ArcelorMittal Algeria (investment stake of 49%), ArcelorMittal Tebessa (investment
stake of 49%), ArcelorMittal Pipes and Tubes Algeria (70% control), the USA
long product facilities at Steelton, Vinton and ArcelorMittal LaPlace and some
activities of ArcelorMittal downstream solutions in the Europe segment.
[14]Exceptional charges for 4Q 2015, primarily
included $0.8 billion inventory related charges following the rapid decline of
international steel prices and $0.1 billion of litigation and other costs in
South Africa.
[15]Effective 1Q 2016, changes in operating
working capital in the cashflow statement includes certain other amounts
payable that were previously classified as part of the other operating
activities line. Prior period figures have been recasted accordingly.
Contact information ArcelorMittal Investor Relations
Europe: +352 4792 3198
Americas: +1 312 899 3985
Retail: +352 4792 3198
Bonds/Credit: +33 1 71 92 10 26
Contact information ArcelorMittal Corporate Communications
E-mail: firstname.lastname@example.com
Phone: +44 207 629 7988
ArcelorMittal Corporate Communications
Sophie Evans (Head of Media Relations) +44 203 214 2882
Paul Weigh +44 203 214 2419
Image 7
Sylvie Dumaine / Anne-Charlotte Creach
+33 (1) 53 70 74 70
6 May 2016 – ArcelorMittal Europe has announced its results for the first quarter of 2016, reporting a 34% drop in Ebitda to €328m compared with Q4 2015, mainly due to a 7.2% decline in average steel selling prices for the first three months of 2016. Lower prices were however offset in part by higher steel shipment volumes and improved cost performance.
ArcelorMittal Europe reported an operating profit of €77m for the first three months of the year, compared with a €465m operating loss in the previous quarter. The fourth quarter 2015 performance was significantly impacted by impairments and inventory write-downs. Comparing year-on-year, ArcelorMittal Europe reported an operating profit of €281m for the first quarter of 2015.
The Europe segment's crude steel production for Q1 2016 rose 11.9% to 11.2 million tonnes, compared with the previous three months. Sales also rose, by 0.6% to €6.5bn, driven by a 13.7% increase in demand for flat steel products and an overall 10.3% increase in steel shipments, compared with Q4 2015.
While steel spreads have improved since the start of 2016, price rises are not expected to be visible until the second quarter.
Commenting, Aditya Mittal, CEO ArcelorMittal Europe and CFO ArcelorMittal, said:
"Today we reported a 34% drop in Ebitda, which shows the impact of low steel prices on our business - although we were able to offset some of the effect of low prices thanks to our ongoing focus on cost performance.
Today's results also reflect improved demand for steel in Europe. Our shipments rose by more than 10% to 10.4 million tonnes in Q1 2016, compared with the final quarter of 2015. This stronger demand has led to a welcome improvement in steel spreads, in recent months – resulting in a tight market, for flat products in particular. However, the market remains highly volatile; we must remain vigilant against steel dumping in Europe, in order to ensure that steel is traded in line with WTO regulations."
Steel demand in Europe this year is expected to remain more than 21% below pre-2007 levels, compared with the Nafta region where demand is forecast to be 4.6% below 2007 levels (see chart, below).
In terms of the economic outlook, ArcelorMittal sees the modest European economic recovery is continuing, supported by ECB stimulus, low oil prices and rising employment. Real steel consumption (RSC) is expected to grow by almost 2% in 2016, but apparent steel consumption (ASC) in Europe is expected to rise by only 1% after high imports pushed ASC up by 3.5% in 2015. EU28 construction is picking-up this year, while car sales are growing to levels that are only 6-7% below the pre-crisis peak.
Luxembourg, 4 May 2016 - The Annual General Meeting of shareholders of ArcelorMittal held today in Luxembourg approved all resolutions by a strong majority.
1,906,191,732 shares or 62.17% of the company's share capital were present or represented at today's Annual General Meeting.
The results of the votes will be posted shortly on corporate.arcelormittal.com under "Investors > Equity Investors > Shareholders' meetings" where the full documentation regarding the meeting is available.
The shareholders re-elected Mrs Vanisha Mittal Bhatia, Mrs Suzanne Nimocks, Mr Jeannot Krecké and elected Mr Karel de Gucht as directors of ArcelorMittal, for a term of three years each.
In addition, the shareholders approved the grants under the Performance Share Unit (PSU) plan in relation to 2016.
Upon consideration of comments from certain shareholders, the appointments, remuneration and corporate governance committee decided to strengthen the vesting conditions of the Long Term Incentive plan for the CEO office. No vesting of PSUs will take place below the median of the peer group and the S&P 500.
Further details will be published in ArcelorMittal's next remuneration report.
Image 7
Sylvie Dumaine / Anne-Charlotte Creach
+33 (1) 53 70 74 70
ArcelorMittal reports results for the first quarter 2016
ArcelorMittal Europe reports €328m Ebitda for first quarter of 2016
ArcelorMittal announces results of 2016 Annual General Meeting
Our business strategy focuses on product diversity, geographic reach and diversification both upstream in iron ore and coal production, and downstream in steel distribution.
ArcelorMittal's success is built on its core values of sustainability, quality and leadership. Our strategy is to leverage four distinctive attributes:
Steel. We look to extend our leadership in attractive markets by leveraging our technical capabilities and our global scale. These are critical differentiators for sophisticated customers, such as those in the automotive, energy and infrastructure markets. In addition, we will further develop steel businesses that benefit from favourable market structures or geographies.
Mining. We are working to grow our already world-class mining business by expanding our top-quality assets, by controlling cost and capital expenditure and by producing highly-valued products.
Operations. We strive to achieve best-in-class competitiveness. Operational excellence, including health and safety, is at the core of our strategy. We steadily optimise our asset base and have a commitment to continuous improvement.
Five key strategic enablers
A clear licence to operate. Many of our businesses are located in regions in the early stages of economic development. We recognise that we have an obligation to act responsibly towards all stakeholders. Sustainability is one of our core values.
A strong balance sheet. Our balance sheet currently constrains our flexibility for funding organic growth or acquisitions. Achieving the medium-term target for net debt of US$15 billion remains a critical objective.
A decentralised structure. Our scale and scope give us a competitive advantage. They also bring the risk of inefficiency and diffuse accountability. Thus we favour a structure in which the responsibility for profit and loss is focused on business units aligned with markets.
Active portfolio management. We have historically sought to strengthen the business through acquisition. That remains the case. But we are also willing to dispose of businesses that cannot meet our performance standards.
The best talent. Our success will depend on the quality of our people, and our ability to engage, motivate and reward them. We will continue to improve our processes to attract, develop and retain the best talent.
Visit our new fact book online, for details of our operations, financials, production facilities and shareholder information
Results for 2nd quarter 2016 and 6 months 2016
Results for 3rd quarter 2016 and 9 months 2016

subset: commoncrawl


text:
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text:
Hello I am using the GamePress theme and I love it, however one imperfection I've noticed is that as default my posts do not display my featured image.
I'm not great when it comes to coding, so could someone help me determine how I can get this working?
Note: The featured images show on my homepage, just not on the page for that individual post. Ideally I want it to be as automated as possible, so when I add a featured image it automatically shows on my post page.
Thanks in advance


text:
Originally posted on Sports Mockery | Last updated 3/6/14
Chicago Sports News – Recently Chicago Cubs owner Tom Ricketts hinted at the possibility of reaching out to former slugger Sammy Sosa in the future. Sammy left a bad taste in people's mouths with his departure, but the time has passed. In the last few seasons a couple organizations have brought back players from the "steroid era" as coaches and people seem to be warm to the idea. The north side could be ready for Sosa to come back for a few reasons. Increase in Home Runs = Increase in Attendance No player has done more for the Chicago Cubs organization, ever. Not even Ron Santo. Attendance numbers can back this up. The lovable losers from Wrigley Field always had fans, but the excitement Sosa created put them over the top. When Sammy's home run numbers started rising so did the number of people attending Wrigley. They were filling the stadium and as a result the rooftops had to start erecting more seating. In Sosa's last season with the club he hit 35 home runs and the organization reached 3 million in attendance for the first time in history. Slammin' Sammy was filling the seats and in the process filling pockets. I am not the only person who believes that Sosa has done a lot for the organization. Former teammate and foe, Ozzie Guillen, had this to say to CSN Chicago last fall, "I don't care what people say about Sammy. Sammy Sosa saved baseball and the Cubs. Now, we're just kicking him in the butt and saying 'get out of here." "I don't think any player in the history of the game did more for the Cubs than Sammy Sosa did." In 1998, people started paying attention to baseball again. Games were being attended again and people were glued to the TV that summer while watching Sosa and Mark McGwire chase Roger Maris' home run record. That year Sammy hit 66 home runs, had 158 RBIs and won the National League MVP. For the work that he and McGwire did that season they earned the 1998 Sports Illustrated Sportsmen of the Year. The Time Has Passed It has been ten years since the last time Sosa appeared for the team and it's time to see him in a Cubs hat again. In that time, Mark McGwire, admitted PED user, came back as hitting coach for the 2011 World Series Champion St. Louis Cardinals. His good work with St. Louis even earned him a job with the Los Angeles Dodgers for the upcoming season, a team he did not even play for. Even worse is that Barry Bonds who has never admitted to PED use received an invite to San Francisco Giants spring training camp this year as a special instructor. Teams have realized that you cannot just ignore the past and they have brought these guys back to show their appreciation. Willingness On Both Sides Sammy Sosa sees himself as a prodigal son of the Chicago Cubs. He wants to be back with the organization and had this to say to CSN Chicago in October 2013, "It was my house for many years. It's like the father got the son home. The son leaves for many, many years." "All of a sudden, 10, 20, 30 years later, the son comes back to the house. That's my hope and expectation. So one day, I will go back to my house." Just recently Tom Ricketts spoke on the Kap and Haugh Show and shared his feelings about the Sammy Sosa situation. "I do think it's a little weird that we just kinda take some of these guys and pretend they never existed…" "I think any type of discussion along those lines will really have to balance how people feel about that, too. As you guys know, that issue brings up so many emotions with so many different people." How the People Feel Hey, Tom Ricketts, I'm one of the people and I am ready. Sosa wants back and you have obviously thought about it also. Other organizations are done pretending that these guys don't exist anymore. In fact, the Chicago Cubs are probably the only ones left that still feel that way. We don't want it to take another "10, 20, 30 years" like Sammy said. The emotions that come to my mind are ones of joy when I think about him doing his home run hop. He did great things for the game of baseball and the Cubs. Maybe you don't want to retire his number yet, but please bring him back for even just one day and I guarantee you will sell out that game. The greatest slugger in the history of the franchise needs to be honored. ————— Sources: Baseball-Reference; Baseball Almanac; CSN Chicago; CSN Chicago Author informationMarc-Louis PaprzycaFeatured Columnist at Sports MockeryChicago made. Chicago Sports fan. One of the few people who received the opportunity to play 8 years of high school football. Although, 4 of them were on the NCAA D3 level. Contact firstname.lastname@example.com+LinkedInThe post Bring Sammy Sosa Back to the Chicago Cubs. We're Ready. appeared first on Sports Mockery.
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text:
Beautiful yarn...no pattern!
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:thinking: Doesn't sound like enough yardage for a sweater, but I don't know off the top of my head how to convert meters to yards.
If you know the gauge the yarn is typically knit at (look at the label, or to a swatch test or two), you can calculate how much yardage you'll need for a project. Webs (yarn.com) sells a very very handy yardage estimator card, I forget what it's called, but it's a laminated card by Ann Budd, costs about $5, comes in very handy for things like this, you can look up how much yarn would be needed for a sweater in your size and see if you've got enough to go forth.
I own the card....If you tell me the gauge and your chest diameter, I can tell you how many yards you'll need for a sweater if you like. :D (PM me if I neglect to reply, I don't always keep up with threads.)
KnittingHelp Queen Bee
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text:
Professional Activities
•Member, American Bankruptcy Institute
•Member, International Women's Insolvency and Restructuring Confederation (IWIRC)
Delaware Chapter
•Member, American Bar Association
•Member, Delaware State Bar Association
•Member, Pennsylvania Bar Association
Admitted to practice in Delaware, Pennsylvania and New Jersey, Ms. Ross is a 2004 graduate of Rutgers University School of Law, where she was a member of the Rutgers Law Journal, and a graduate of the University of Delaware.
The listing of areas of practice in the foregoing profile does not represent official certification as a specialist in those areas.
•Duane Morris LLP
Partner, 2015-present
Special Counsel, 2014
Associate, 2004-2013
•Congressional Office of Congressman Michael N. Castle
Deputy Press Secretary and Community Outreach Coordinator, January 2001-August 2001
•Campaign Office of Congressman Michael N. Castle
Campaign Director, July 2000-December 2000
•Congressional Office of Congressman Michael N. Castle
Staff Assistant, August 1999-July 2000
Honors & Awards
•Pennsylvania Super Lawyers Rising Star, 2011-2016
•Selected as one of the top thirty nominees nationwide to attend the 2011 National Conference of Bankruptcy Judges Next Generation Program for up-and-coming bankruptcy attorneys
•Represented Sleep Innovations Inc., a manufacturer and distributor of specialty sleep products, a recipient of the 2010 Turnaround of the Year Award in the Large Company category from the Turnaround Management Association.
Selected Publications
•Co-author, High Court Greenlights Chrysler Sale Over Objection of Absolute Priority Rule, The Legal Intelligencer, June 19, 2009
•Co-author, Insurer-to-Insured Payment Not Antecedent Debt, Pa. High Court Rules, The Legal Intelligencer, March 20, 2009
•Co-author, Decision Issued Over Bankruptcy Court's Power to Impose Sanctions, The Legal Intelligencer, November 7, 2008
•Co-author, Court Imposes $650, 000 in Sanctions on Lender, Servicer and Counsel, The Legal Intelligencer, June 6, 2008
•Co-author, Secured Creditors That Credit Bid Are Liable For Fees And Costs, The Legal Intelligencer, March 2008
•Co-author, Cause Of Action Exists For Aiding And Abetting Breach Of Fiduciary Duty In Pennsylvania, The Legal Intelligencer, July 2007
•Co-author, Section 503(b)(9) Claimants Wait in Line for Payment, The Legal Intelligencer, February 2, 2007
•Co-author, Creditors and Standing to Object to Chapter 11 Petitions, The Legal Intelligencer, December 1, 2006
•Co-author, When Is a School Bus Not Just a Motor Vehicle?, The Legal Intelligencer, May 26, 2006
•Co-author, Sovereign Immunity Does Not Bar Preference Claim Against State Agency, The Legal Intelligencer, April 2006
•Co-author, Claim Traders Beware: When Equitable Subordination Applies, The Legal Intelligencer, January 6, 2006
•Co-author, Judgment Creditors Beware: Failure To Dissolve Your Prepetition Liens May Violate The Automatic Stay, The Legal Intelligencer, September 2005
•Co-author, In Re Yukos Oil Company: No Last Minute Forum Shopping Allowed, The Legal Intelligencer, July 2005
•Co-author, A Pre-Petition Automatic Stay Waiver May Be Enforceable Under Certain Circumstances, The Legal Intelligencer, March 2005
•Co-author, The UFTA's Four Year Statute Of Limitations Doesn't Necessarily Preclude A Remedy, The Legal Intelligencer, October 2004
(Also at Wilmington, Delaware Office)


text:
With windows 8, is it possible to create an application that is always visible? For instance, in previous versions of windows, there is the task bar with quick launch icons. Can I create something similar to the quick launch icons that are always on the screen?
We started with Q&A. Technical documentation is next, and we need your help.
Whether you're a beginner or an experienced developer, you can contribute.
If you are referring to a Windows 8 Store app then the answer is no. You can have a live tile and toast notifications that provides updates to the user which may cause the user to launch your application.
A good article to read to understand how your Windows Store apps will run on Windows 8 go here to learn about Application lifecycle (Windows Store apps). This will explain the App execution state.
It is not possible in the RT version, but the same is possible in the desktop version. If you have a desktop app, you can pin it to the taskbar. But any Window store app cannot be pinned to the taskbar. What you can do instead is move the app to the beginning of your Home screen, so anytime you click the Windows button your app will be visible right in front.
Do you mean always visible in the Star Menu screen? If so, you can add tile updating functionality to your application. As long as the user has the application pinned to the Start Menu, he would see the updates. Check the link below for an introductory tutorial. http://blogs.msdn.com/b/windowsappdev/archive/2012/04/16/creating-a-great-tile-experience-part-1.aspx
"Quick Launch" has a very specific meaning, which you may or may not have been referring to in your question.
Below is the Quick Launch bar in Windows 8 - essentially a toolbar pointing to a location in your
It's, of course, available only in the Desktop mode and not on the Modern UI, where pinning a tile is the best you can hope for, and it's all up to the user to pin it AND to determine where it shows up on their Start Screen.
Another option worth mentioning (although more like system tray than quick launch) is lock screen presence. If the user chooses so and your app supports that, he can add it to his lock screen:
This is not a way for the user to quickly start your app (other answers have already covered these options) but a way to stay visible and keep your user informed.