text:
Markets end higher after recent volatlity
Better economic news - such as UK retail sales - and an opening rise on Wall Street ahead of the latest US Federal Reserve minutes has given markets a lift. The closing scores showed:
• The FTSE 100 finished 19.04 points or 0.28% higher at 6821.04
• Germany's Dax ended 0.61% better at 9697.87
• France's Cac closed up 0.37% at 4469.03
• Italy's FTSE MIB added 1.07% to 20,597.51
• Spain's Ibex rose 0.74% to 10,531.4
On Wall Street, the Dow Jones Industrial Average is currently up 124 points or 0.76%.
On that note, it's time to close up for the evening. Thanks for all your comments, and we'll be back tomorrow.
Even since European Central Bank president Mario Draghi's press conference earlier this month, there has been much speculation that the central bank will move in June to tackle low inflation, perhaps by cutting interest rates or even some form of quantitative easing.
But Bundesbank president and ECB governing council member Jens Weidmann has said it is not clear whether the bank will actually have to act in June. In an interview with Sueddeutsche Zeitung due to be published tomorrow (via Reuters) he said the ECB's loose monetary policy stance was appropriate to support the recovery but the risks should be borne in mind. He said:
The interest rate policy is the core of our monetary policy instruments. A central banker's attention would certainly focus first on this, if in the end it became necessary to act.
But so far it is not clear whether we will have to act at all.
Unions representing AstraZeneca's sites in Macclesfield have backed the company's rejection of the Pfizer bid and called for a meeting with chief executive Pascal Soriot to discuss job prospects. A statement from the GMB and Unite shop stewards said:
Union representatives expressed full support the AstraZeneca board decision to reject the Pfizer bid.
Union representatives call on the board to face down pressure from all quarters to get into negotiations with Pfizer for an agreed bid and to brace to fight any hostile bid.
Union representatives are seeking a meeting with Pascal Soriot....to follow up on evidence he gave to the BIS Committee in Parliament on 13 May on job prospects in Astra Zeneca.
Oops. AXA Group may own a large chunk of AstraZeneca but AXA Investment Managers - which earlier came out against the board - only has a 0.89% holding. It has just issued a "clarification" as follows:
In response to a number of enquiries, we would like to emphasise that today's statement represents the views of AXA Investment Managers UK, which has a 0.89% holding in AstraZeneca.
AXA IM UK is part of AXA Group, which in aggregate has a larger holding in AstraZeneca; however this statement has been issued on behalf of AXA IM UK only.
Back with AstraZeneca, and here's someone backing the board against the Pfizer bid. Jill Treanor writes:
Jeremy Whitley, head of UK and European equities at Aberdeen Asset Management, is supportive of the approach taking by the AstraZeneca board. However he does not rule out Pfizer coming back in the future and makes clear that the Astra board is now under pressure to deliver on its promises."We think the Astra board have done a very good job to get the best value they can," Whitley said. "Deep down do we think this is very best offer? [If not] we can be patient".
"The pressure is now on the AstraZeneca board to deliver," he said, adding that the board of the pharmaceuticals company was best placed to put a valuation on its drugs pipeline. The company has used its prediction of $45bn of annual revenues by 2023 as key reason to fend off Pfizer's approach.
Over to Greece where the political temperature is rising ahead of a second round of local European elections this weekend. Helena Smith reports:
Greece heads to elections this weekend in brittle mood. As Giorgos Kaminis and Gabriel Sakellarides, the two candidates for the Athens mayoralty prepare to face each other in a live debate this evening, it is Golden Dawn, the far right party which has blossomed with the country's economic crisis, that is dominating events. The extremist group's surprisingly strong performance in the first round of last Sunday's local and regional elections – at 16.1 % its own candidate for mayor Ilias Kasidiaris more than doubled the party's 6.9% showing in national elections in 2012 – has sparked concerns across the political spectrum. Deputy prime minister Evangelos Venizelos, who heads the coalition government's junior partner, Pasok, called the showing "deeply worrying." "The big democratic question is the high percentages of Golden Dawn in the municipality of Athens and the Attica prefecture," he said. "It is the urgent duty of all citizens and social forces that believe in democracy and human rights to forcefully fight the fascist-ization of political life."
But political expediency, ahead of Sunday's runoff local ballot, has resulted in what today's centre-left Ta Nea described as "surreptitious flirting" with Golden Dawn. Sakellarides, candidate for the vehemently anti-austerity radical left Syriza party in the race for Athens' Town Hall, has (in a first for the left) gone out of his way to distinguish those who voted for Golden Dawn from the party itself. "We are not opening up to neo-Nazis … the 16 % of Athenians who voted for Kasidiaris are not neo-Nazis" he said before appealing to them to "change their mind" about how they would "protest about the situation we are living today."
Analysts are now in no doubt that it is the economy that poses the greatest challenge for the government. Despite the encouraging signs Greece has shown of late – its return to international markets, its improved fiscal figures and attraction of record numbers of tourists – Golden Dawn has capitalized on the seething resentment and rage of those now wanting to punish a system seen as the genesis of everything that is wrong with Greece.
The middle class, which has been brought to its knees by the collapse of small and medium sized businesses, a barrage of taxes and the highest unemployment rate in the EU, has moved shockingly towards Golden Dawn with the governing centre right New Democracy party losing most to the extremists. Despite the imprisonment of a third of its leaders - and a judicial investigation that has focused on its underground activities as a criminal organization – the neo-fascists took around 9 % nationwide in Sunday's poll. More shocking still, the group attracted large levels of support in bourgeois areas of the capital such as Kolonaki where backing for the party reached 13.7 %. "Golden Dawn's appeal is no longer based on the anti-immigrant vote, it's all about the economy," said the political commentator Giorgos Kyrtsos, a New Democracy candidate in the upcoming euro elections. "If there is not a dynamic development of the economy in the next four to five months, after the tourist season, we will be in big, big trouble."
The stronger than expected eurozone consumer confidence figures will not necessarily stop the European Central Bank from acting next month, perhaps with an interest rate cut, analysts reckon. Martin van Vliet at ING said:
The further brightening in consumers' economic mood bodes well for consumer spending growth in the second quarter – and will undoubtedly be greeted with enthusiasm in Brussels ahead of this week's European parliamentary elections.
However, consumer spending across the eurozone, albeit improving, has consistently lagged the recovery in consumer confidence in recent quarters. Consequently, we remain cautious on the strength of the upturn in consumer spending, with household deleveraging and subdued real disposable income growth set to continue to act as restraining factors.
So while it is encouraging to see confidence continuing to move in the right direction, this is unlikely to stop the ECB from implementing further easing measures next month. The country breakdown is not yet available for May, but the confidence recovery in the Eurozone has not been confined to Northern European countries. Sentiment in most Southern European countries has also recovered strongly, despite the ongoing high unemployment backdrop.
Howard Archer at IHS Global Insight said:
Encouraging news for eurozone growth prospects with consumer confidence extending its upward trend in May and rising markedly to be at its highest level since October 2007. This suggests that the Ukraine/Russia crisis has still not worried consumers unduly, although it does appear to have impacted on business confidence in some countries, notably Germany.
While the ECB will be encouraged by the marked rise in eurozone consumer confidence in May and may well see it as indicating that modest eurozone recovery remains intact despite disappointing GDP growth of 0.2% quarter-on-quarter in the first quarter, it is does not make it any less likely that the ECB will cut all of its interest rates at its June meeting (including taking the deposit rate into negative territory), very possibly as part of a package of stimulative measures aimed at preventing prolonged very low eurozone consumer price inflation and softening the euro.
Back with the eurozone, and consumer confidence for May rose to its highest level in six and a half years.
The European Commission's first estimate showed a figure of -7.1 points compared to April's revised -8.6 and expectations of an improvement to -8.2.
For the whole of the EU, consumer confidence improved by 1.6 points to -4.1.
Axa Investment Managers has become the latest to come out against AstraZeneca's rejection of the £55 a share Pfizer bid.
Axa owns 4.5% and is the third biggest shareholder in Astra. Jim Stride, director and head of UK equities, said:
AXA Investment Managers UK, acting in accordance with its fiduciary duty to clients, has met with the management teams of Pfizer and AstraZeneca in the recent past. We have also engaged in ongoing written and verbal communication.
It is the view of AXA IM UK that the board of AstraZeneca should not prevent an offer from Pfizer of £55 per share from being put to the shareholders of the company. Many shareholders – but not necessarily all – will find this an attractive offer. Accordingly we believe that the board was arguably wrong and acted too hastily to dismiss the latest proposal from Pfizer.
Saga has cut its flotation price range following the closure of the retail offer on Tuesday.
The company, which provides insurance and holidays for the over-50s, said the range would now be 185p to 245p a share, compared to the original top end of 245p. This is apparently to support "a strong debut."
Adam Jepsen, Director, Capital Spreads, said:
Capital Spreads earlier this week reported a fall in the grey market price for Saga. Director Adam Jepsen said:
We have seen a fairly significant fall on our grey market – Saga has gone from a valuation of £3.25bn to around £2.4bn in the space of a week. This is not so much a reflection of concerns over Saga's attractiveness as an investment, but more an issue around the number of shares on offer.
Based on the 1.07bn shares due to be issued, according to the listing documents, and on the assumption that all shares are equal, on Capital Spreads' current spread the share price would be between 210p and 238p at the end of the first day's trading.
Reuters: Vast majority of economists expect ECB to cut rates in June
Reuters has polled City economists and found that the "vast majority" believe the European Central Bank will cut its headline borrowing rate to a new record low of 0.1% at its June meeting.
Most also expect the ECB will impose negative interest rates on European banks, by cutting its deposit rate from 0.0% to -0.1%.
(and with that, I'm scooting -- cheers all. Nick Fletcher has the controls...)
Another day, another recall at General Motors.
Associated Press is reporting that GM has added 218,000 subcompact cars to its growing list of recalled vehicles -- to fix a glitch that could lead to a fire.
The new recall covers certain Chevrolet Aveo cars from the 2004 through 2008 model years. GM says the daytime running light module in the dashboard center stack can overheat, melt and cause fires.
Yesterday, GM recalled 2.4 million vehicles -- today's news means the number of cars called back to have problems fixed has hit 13.8 million in 2014 alone.
Today could be dubbed Minutes Wednesday - with the US Federal Reserve releasing the notes from its own monetary policy committee meeting later today (7pm UK time, or 2pm New York).
The FOMC minutes will give fesh insight into when US borrowing costs might rise.
Analysts at RANsquawk reckon we'll hear that "a range of views" were expressed (rather like at the Bank of England).
Their video preview explains all:
After almost a year, Mark Carney's honeymoon at the Bank of England is well and truly over, with senior policymakers prepared to disagree over how to tackle monetary policy.
The minutes of this month's meeting show MPC members had the resolve to express "a variety of views on the appropriate path of monetary policy".
Writing in the Times (£, sorry), Phillip Aldrick argues that Carney is now in new territory. Dissent is back at the Bank:
A ten-month unconditional love-in with the new Bank of England governor appears to have been all Britain's independent rate-setters could stomach. The unity of the nine-strong Monetary Policy Committee is finally beginning to crack.
But as he concludes, argument is a good thing:
The fact that there is a real debate once again over the most critical policy instrument in the UK should be celebrated.
Reminder, the minutes are online here (pdf).
MPC members are now freer to think for themselves because the UK unemployment rate has fallen below 7%.
That's the level Carney identified as a threshold last August in his first stab at forward guidance (now torn up and replaced with a woollier policy based on guessing how much slack remains in the labour market).
Here's economics editor Larry Elliott's take on this morning's strong retail sales figure:
Britain's retailers are enjoying their best trading conditions for a decade after low interest rates, rising confidence, a booming housing market and a late Easter boosted spending in the shops and online last month....
UK retailers buoyed by best trading conditions in a decade
The cutbacks in Britain's banking sector continues --with Lloyds eliminating another 645 roles in the UK and closing its Warrington telephone banking centre.
The Unite union warns that staff morale could hit an 'all-time low', as this is the third round of job losses in 2014. It urges Lloyds to avoid compulsory job losses.
Unite national officer Rob MacGregor warned that Lloyds customers could also suffer from the cuts:
"The closure of the Warrington centre will hit the local economy and risks damaging customer service.
"Lloyds staff have worked hard since it was bailed out by the taxpayer to make the bank a success. Their reward has been continual uncertainty and attacks on their pensions.
"Lloyds needs to give its workforce stability and guarantees of no compulsory redundancies. Only then will the bank be able to live up to its motto to 'Make Britain Prosper'."
The Wall Street Journal has now published the story about how Legal & General has written to AstraZeneca to call for fresh talks with Pfizer (as flagged at 11.31am).
Legal & General Urges AstraZeneca to Engage With Pfizer
AstraZeneca sixth-largest investor, Legal & General Group PLC, is urging the U.K. drug giant's board to reverse its rejection of a $120 billion takeover offer from Pfizer and engage in talks, two people familiar with the situation said.
The investment arm of the U.K. insurer, which holds a 3.5% stake in AstraZeneca, has written to the company's board asking it to engage in talks with Pfizer, one of the people said. Legal & General declined to comment. AstraZeneca declined to comment on individual shareholder interactions but said it is continuing to engage in general with its investors.
Legal & General joins AXA, Schroders, and Jupiter Fund Management as large AstraZeneca investors that have publicly expressed disappointment at its rejection of the offer. Combined, they hold around 7% of the stock.
Astra shares are currently 1.5% higher, at £43.77.
After years of relative tedium, the Bank of England's monthly monetary policy committee meetings are going to be a lot more exciting as pressure grows to raise rates.
Martin Beck, senior economic adviser to the EY ITEM Club, says there are "emerging signs of disagreement in April's meeting" in today's BoE minutes.
"The debate on interest rates looks set to become more heated. According to the latest minutes of the MPC, while the Committee remained unanimous in favour of keeping policy of hold, there were a variety of views on the appropriate path of monetary policy. For some members the decision to keep rates unchanged was becoming 'more balanced'.
That said, with prospects for inflation looking very benign and the economy, in our view, possessing a significant amount of spare capacity, we still think that a rate rise will not happen until well into 2015."
AstraZeneca shares have leading the FTSE 100 risers, gaining 1.8% this morning to £43.83.
The trigger appears to be a report that one of Astra's biggest shareholders, Legal & General, has written to the company's board urging them to re-open talks with Pfizer over its £55 per share offer.
It's being attributed to Dow Jones Newswires - I've not managed to find it myself, yet, I'm afraid.
We just spoke to L&G and they declined to comment....
(as reported at 10.40am, Threadneedle Asset Management have told us they support Astra's board today)
Bank minutes and Retail sales: what the experts say
There's masses of reaction to the surge in UK retail sales last month, and the evidence that some Bank of England policymakers are inching towards raising interest rates.
Many experts are pondering what its means for borrowing costs - when will rates be risen above the 0.5% record low?
Heres some of the best comment out there:
James Knightley of ING:
With the growth story broadening out we are getting closer to a rate rise from the Bank of England. Our house view remains that the first hike will probably come in February, but given the strength in growth, employment and asset prices the risks are skewed towards a slightly earlier move.
If we see wages growth pick up – note the impending 3% rise in national minimum wage and the increase in reported pay awards – then we would be more inclined to bring it forward.
Rob Wood of Berenberg Bank says today' minutes are 'less dovish', and could herald a rate rise before Christmas
Retail sales posted an exceptionally strong 6.9% yoy growth rate in April. That was obviously distorted by the timing of Easter, so the growth rate will drop back sharply next month.
But the reading was way ahead of consensus expectations. These data support our forecasts for above consensus growth and a first rate hike coming in the first quarter of 2015. We see a 35% chance that the BoE hikes in the fourth quarter of 2014.
The UK economy is motoring, fuelled for now by consumption, and the BoE rate setters are shifting their views in response.
Alex Edwards, head of the corporate desk at UKForex, agrees we could see an interest rate rise before Christmas. Here's why:
UK Retail Sales have yet again beaten expectations with a month-on-month jump of 1.3%, far exceeding the forecast of 0.4%.
All stores except petrol stations have seen an increase in sales with April '14 showing an increase of 6.9% from April '13. With UK house prices continuing to rise and CPI starting to accelerate, the MPC may be forced to bring forward an interest rate rise to Q4 2014.
February 2015 is a popular bet:
Analysts at Abshire-Smith say:
Traders have been betting that the BoE will be forced to raise interest rates sooner than expected, as the economic growth begins to pick up pace and to cool a potential property bubble.
But Howard Archer of IHS Global Insight reckons it's "far from clear" when rates will rise. One reson - the committee is changing this summer (when Nemat Shafik and Kristin Forbes join the MPC)
The outlook for monetary policy is starting to look a lot more uncertain, with the minutes of the May MPC meeting indicating that opinions within the committee are diverging on about exactly when monetary policy should start to be gradually tightened. There are clear indications in the May minutes that some of the more hawkish MPC members are starting to get twitchy.
The longer-term message from the Bank of England remains that when interest rates do start to rise, the increases will be gradual and limited, but when exactly the first increase comes is far from clear.
Threadneedle Asset Management backs AstraZeneca board
As recriminations fly over Pfizer's failing bid for AstraZeneca, one of the UK drugs firm's larger shareholders has told the Guardian that they still support Astra's top management.
Iain Richards, head of responsible investment at Threadneedle Asset Management, said:
"As long-term shareholders we continue to be supportive of the AstraZeneca board".
Threadneedle has a 1.5% stake in the company - making it Astra's 15th-largest shareholder.
Last night, AstraZeneca issued a statement to the City insisting that Pfizer's £55 per share 'final' offer cannot be raised again, with or without Astra's approval.
Yesterday, Schroders expressed 'disappointment' with both companies, but other shareholders -- such as Neil Woodford -- have backed Astra. There's still talk of rebellion in the air, though....
(with thanks to City editor Jill Treanor)
Britain's retailers have just enjoyed their strongest quarterly growth in a decade, according to the detail in today's retail sales figures.
The amount of goods purchased increasing by 1.8% in the three months to April, on a rolling 3-month to 3-month basis.
That's the highest reading since March 2004 and was the 14th consecutive month of three-month-on-three month growth in the quantity of goods bought.
That driven by the 6.9% annual surge in April (as flagged at 9.39am). The ONS said that all stores, apart from petrol stations, enjoyed a rise in sales volumes.
Notably the food sector posted its strongest year-on-year growth since January 2002, increasing by 6.3%. Feedback from food store retailers suggested that a better than expected Easter and better weather conditions helped to boost sales.
Analysts at Berenberg reckon that today's minutes play a different tune than the Bank of England governor sang at the quarterly inflation report last week:
Last Wednesday, governor Mark Carney played down the idea of a rate-rise before next May's election.
Today's Bank of England minutes show that some members of its rate-setting Monetary Policy Committee are looking at the strong recovery and wondering if it's nearly time to raise interest rates.
The minutes of May's meeting of the MPC are online here.
They explain that the decision over whether to raise borrowing costs is becoming "more balanced" for some of the nine-strong committee.
The Bank's view is that rates will only rise "gradually and to a level materially below its pre-crisis average".
Some on the committee are wondering whether, in that case, they should start raising them sooner rather than later. Others are more focused on whether an early rate rise would cause long-term damage to the economy.
As the minutes put it:
It could be argued that the more gradual the intended rise in Bank Rate, the earlier it might be necessary to start tightening policy. Against that, if productive potential were in part related to the level of demand, then the earlier policy was tightened the greater the risk of incurring a substantial cost in foregone output.
Committee members placed different weights on these considerations and this was reflected in a variety of views on the appropriate path of monetary policy. The Committee would continue to refine its views as the economy evolved, and for some members the monetary policy decision was becoming more balanced.
However, the MPC remained united - saying that while there are no other inflationary pressures to worry about, they will wait to see "more evidence of slack* reducing" before raising rates.
* - spare capacity in the labour market
This chart shows how the pound just jumped against the US dollar, driven by the jump in retail sales, and the news that some Bank of England policymakers are moving closer to voting to raise interest rates.
Retail sales surge 6.9% year-on-year
UK retail sales have surged in April, and by more than expected, in another signal that the British economy remains strong.
Retail sales volumes jumped by 1.3% last month alone, twice as much as economists had forecast, driven by robust food sales over the Easter holidays.
That means sales volumes were 6.9% higher than in April 2012.
The late Easter (it fell in March last year) was expected to push up demand at retailers - but not by this much...
The pound has jumped, hitting a two-week high of $1.6922 against the US dollar.
And it hit a new 16-month high against the euro, of 81.03p.
Bank of England voted 9-0 to leave rates unchanged.
The Bank of England's Monetary Policy Committee voted 9-0 to leave interest rates at their record low of 0.5% at this month's meeting, minutes just released show.
But some members believed the decision on when to raise rates is "becoming more balanced" - a sign that some MPC members are turning more hawkish about the need to raise borrowing costs.
More to follow!
The dividend paid to SSE shareholders has been rising steadily over the last 15 years, flags up Emily Gosden of the Telegraph.
Indeed. it's more than tripled -- from 25.7p in 1999 to 86.7p for last year.
And she's not convinced by the argument that last winter's price hike didn't help drive profits up:
Nearly time for the latest Bank of England minutes, and the retail sales figures for April, at 9.30am.
Kit Juckes of Société Générale reckons retail sales picked up last month, partly due to the Easter holidays:
The late timing of Easter caused UK retail sales to be weak in March. So a rebound in April is likely. We're looking for a 0.6% bounce and for a lack of thrills from the MPC Minutes.
Shares in French bank BNP Paribas have slipped 2% this morning, on reports that it's about to feel the full wrath of US regulators.
Bloomberg is reporting that US authorities are planning to impose $5bn in fines, and a temporary ban on transferring money in and out of America, for violating US sanctions.
The bank had previously said it expected a fine of at least $1bn, with analysts pencilling in a $3bn penalty.
A block on money transfers, if only temporary, could have serious consequences for BNPP.
"When your client has to go to a rival bank to get the most basic banking service, even for a few months, you'll lose them," Fred Cannon, head of research at Keefe, Bruyette & Woods, told Bloomberg.
Back on SSE's results, and the Press Association has focused on the drop in retail profits at the energy supplier:
Energy giant SSE today said annual profits from its energy supply arm fell by nearly a third and are unlikely to recover for two years after it announced a price freeze.
Operating profits from the business dropped by 32.2% to £246 million though the wider group saw adjusted pre-tax profits rise 9.6% to £1.55 billion.
SSE said its energy supply arm was hit by lower use of energy by customers during a mild winter and a higher cost of gas.
The group pledged earlier this year to freeze household gas and electricity tariffs until January 2016, but said this did not impact on the latest annual figures, for the year to the end of March.
SSE made the promise a day before regulator Ofgem announced plans to refer the energy sector for a full-scale competition probe.
Chief executive Alistair Phillips-Davies said the pledge had been "hugely popular".
"It remains the only such commitment available to customers and will mean we take a hit on retail profits over the next couple of years," he added.
It's the end of an era at Carpetright.
The UK flooring firm's (very) long-serving executive chairman, Lord Harris, is stepping down this summer, after more than half a century in carpet retailing.
Lord Harris explains it is time to step aside:
"I will be 72 this year and shareholders will be aware that I have been planning a managed hand-over of my responsibilities for some time.
Wilf Walsh, the former CEO of Coral, is taking over.
But Martin Harris, Lord Harris's son, is stepping down as Group Development Director to pursue other interests, having once looked like the heir apparent at the company....
Heads-up for eurozone crisis watchers - the FT's Peter Spiegel is about to discuss his brilliant series on how the euro was saved, on Radio 4. You'll be able to hear it later on iPlayer (could be tricky if you're not in the UK, though)..
SSE's 9.6% jump in profits (despite that drop in retail earnings) haven't caused any alarm in the City -- where shares have dipped just 0.3%, or 6p, to £15.60.
And Burberry's record profits have also gone down well - shares are up 0.6%
Burberry's new boss, Christopher Bailey, has begun his stint at the top of the fashion industry by reporting record profits for the last year, up 8% rise in line with expectations.
But Burberry also warned (again) that adverse currency movements are going to wipe millions of pounds off its revenues this year.
If the pound remains at its current level against the yen, Burberry's licensing revenue will be reduced by about £10m, it predicted. Sterling has gained 10% against the yen since last May, but broadly flat this year.
Bailey, who also remains as Burberry's chief creative officer, also warned of "macroeconomic uncertainties", but remains upbeat:
As we enter a new chapter, our teams are united and energised by the opportunities ahead - from unlocking Japan, to accelerating Beauty and further integrating the physical and digital to deliver distinctive experiences.
SSE has hiked the dividend it pays to shareholders by 3.0% -- part of its policy to raise dividends at least as fast as inflation.
But it warned that future earnings face several risks, including:
- the possibility of a freeze on retail energy prices being legislated upon in Great Britain after the 2015 general election;
....as the Labour party has pledged if it forms the next government.
SSE's chairman Lord Smith insists that his company is part of the solution, not the problem, in the energy sector - after growing profits by almost 10% in the last year:
"SSE is listening to and helping customers with the longest ever household energy price freeze in the Great Britain market;we have well-defined plans for net investment of around £5.5bn over the next four years in maintaining, upgrading and building the electricity assets customers depend on; and we are committed to giving investors a fair return through an annual dividend that at least keeps pace with inflation.
"The issues facing the energy sector are very challenging. Nevertheless, customers, investors, regulators, politicians and SSE all want the same thing: an energy market that works for customers, and is trusted and seen to do so. We believe SSE is not part of the problem but part of the solution to meeting the energy needs of customers in Great Britain and Ireland."
SSE posts 9.6% jump in profits, but retail earnings fall
Energy firm SSE has reignited the debate over the state of Britain's energy sector by posting a 9.6% surge in profits for the last financial year.
SSE, one of Britain's "Big Six" suppliers, made adjusted pre-tax profits of£1.55bn for the year to 31 March compared with £1.4bn a year earlier.
Operatinng profits at its wholesale division jumped almost 25%, while retail operating profits actually fell by 28.6%.
SSE blamed the "relatively mild winter in 2013/14" for its fall in retail profits; temperatures were warmer, and snowfalls were largely confined to the Scottish mountains.
But the company, which recently froze its prices until 2016, also shed around 370,000 customers last year. The total number of accounts fell to 9.1 million, from 9.47 million a year ago.
And has the Telegraph points out, these figures show the energy sector remains a profitable place to operate:
Bank of England minutes; SSE results
Good morning, and welcome to our rolling coverage of the financial markets, the world economy, the eurozone and business.
Coming up today -- the minutes of the Bank of England's last monetary policy meeting will show whether any rate-setters are considering raising interest rates, in the face of a growing economy and hefty house price rises in London.
In the corporate world, we're getting results from energy firm SSE and fashion house Burberry, how under the control of Chris Bailey (who picked up a £7.6m golden hello last week).
We'll be mopping up reaction to a big speech by the Greek prime minister last night, in which he claimed the country will have clawed its way back to its pre-crisis level by the end of the decade.
Not everyone's convinced:
And speaking of the eurozone, former Italian PM Silvio Berlusconi held a jaw-dropping interview with Newsnight last night - in which he denied insulting Angela Merkel and defended his various legal charges (and convictions).
Berlusconi also blasted the radical Italian politician Beppe Grillo, claiming he had "things in common with Robespierre, Stalin and Pol Pot".
Paxman, interviewing Berlusconi, looked quite bewildered by it all...
I'll be tracking all the key developments through the day...


text:
What was the Lebanon bombing?
Israel bombed Lebanon. Or:Perhaps you are talking about the 1983 bombing of the Barracks that housed Marines and French Troops.
What is the price of nokia c3 in Lebanon?
Go to a shop and ask the dealer!Oh and make sure you dont get shot by a f***ing terrorist.F***ing lazy c*nts
What is the price of nokia N8 in Lebanon?
What Spiders Live Around Lebanon, Indiana?
Lebanon, Indiana is a small city of about 15,000 located to the northwest of Indianapolis. Because of its midwestern location, Lebanon is home to many of the most common spiders in the United State...
Read More »
What type of economic system does Lebanon have?
Lebanon has a free-market economy with no restrictions on foreign investment, according to the CIA World Factbook, yet outside investors must overcome myriad red tape, fees, unfriendly laws and cor...
Read More »

subset: commoncrawl


text:
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Brody's Ghost, Vol 6(2015)
(The sixth book in the Brody's Ghost series)
A novel by Mark Crilley
Everything has changed for Brody since teenaged ghost Talia entered his life. Now trained in the supernatural arts, strong in mind and body, and with Talia's murder solved, Brody has mere hours to stop her killer from making his ex-girlfriend Nicole the next victim. Everything Brody has worked for has been building up to this day. But first, he'll have to pull his greatest feat yet--convincing a furious Talia to help him escape from jail! Even if he manages that, the race is on save Nicole before her criminal boyfriend or the police find him!
Used availability for Mark Crilley's Brody's Ghost, Vol 6
See all available used copies of this book at Abebooks UK or Abebooks US
Paperback Editions
April 2015 : USA Paperback
|Title: Brody's Ghost Volume 6
Author(s): Mark Crilley
ISBN: 1-61655-461-4 / 978-1-61655-461-3 (USA edition)
Publisher: Dark Horse Books
Availability: Amazon Amazon UK Amazon CA
Kindle Editions
April 2015 : Canada, UK Kindle edition
|Title: Brody's Ghost Volume 6
Author(s): Mark Crilley
Publisher: Dark Horse Books
Availability: Amazon UK Amazon CA
Genre Pages


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An African village has been set up inside the gymnasium of a church in Friendswood. It's part of a traveling exhibit to raise awareness about HIV and AIDS in Africa. Houston Public Radio's Capella Tucker reports the World Vision Experience gives visitors a chance to follow one child's story about living with AIDS.
Drum music "Hello my friend, I will be with you on your journey …" (drum music fades to heart beats)
That journey is following in the footsteps of one child in Africa living with HIV and Aids. The African village replica is put together by World Vision Experience, which is a Christian relief and development organization. Tour Production Manager Joshua Mroczka explains the exhibit follows the stories of four actual children.
"You know when you tell someone a number like 33 million, that's how many people have AIDS. It might as well be one million, it might as well be ten million, there is no way for us to grasp that number. So what we do is break it down to one, one child's story, one life, let it affect you with one person."
The exhibit includes pictures and items from the villages that the children live in to make the experience as authentic as possible.
"When you walk through you're going to see a lot of pictures of what's on the walls, you're going to see what's called vignettes, it's actually stills of, you know, a bedroom or a restaurant that is part of this child's life."
Mroczka says the goal of the exhibit is to inspire more commitment from the general public to help in the fight against AIDS.
"We have a program that's between 10 and 16 years. We want to go in there, and we are not there to give a free hand-out. We're there to train up a village. We are there to educate, we are there to bring wells, bring education, but with that we don't actually do any of the work. We have the people of the village do the work, and it's two-fold because not only are they getting the benefit of what they are building, what they are getting trained on but now when we step out, they are not without."
The exhibit began its tour in 2005 and it's stop here is part of an 80 city tour at churches across the country. The World Vision Experience will be at the Friendswood United Methodist Church through Monday. Capella Tucker, Houston Public Radio News.


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It's from MAC's new Colour Craft Collection, the Daft Pink Mineralize Blush. You can see it in the picture here, though I think in actuality it is a bit lighter of a pink then the picture shows. It's a medium blue based pink with light yellow/gold and white veining throughout. It is fairly translucent though buildable, and it blends beautifully. With a big brush it gives my pale skin a radiant glow, and is a pretty pink blush if I use a smaller blush. The gold makes it glow on my skin without being shimmery or gaudy. It's just pretty.
MAC Mineralize Blush in Daft Pink


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WWII – The Battles Begin. Between 1939 and 1941, Germany is able to take over many European countries using a military tactic called Blitzkrieg. Blitzkrieg: "Lightning War" Tanks, bomber planes, troops & artillery. Tanks would "punch holes" in the lines of the defences
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WWII – The Battles Begin
The Miracle at Dunkirk
Lost Evidence: Battle of Britain
The Battle of Dieppe
August 19, 1942
The Plan:
A Series of Unfortunate Events:
Canadian Troops Training Exercise for Disembarking at Dieppe
Royal Canadian Army Medical Corps Rehearse for Raid on Dieppe
Troops Prepare to Go Ashore at the Battle of Dieppe
Damaged Tanks on the Beach at the Battle of Dieppe
Beach and cliffs at Dieppe
Dieppe's pebble beach and cliff immediately following the raid on August 19th, 1942. A scout car has been abandoned.
Corpses on the beach next to two Churchill tanks of the 14th Armoured Regiment (Calgary) stuck in pebbles.
Canadian prisoners escorted by German guards marching through Dieppe, August 19th, 1942.
German Prisoner of War From Dieppe
What do you think about the notion of "acceptable losses" ?
Canadian's in the Air
Canadian Forces PL 907
Bombed Buildings, Germany


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In Friday's post I know I said that once we start to do our karma yoga or our charitable deeds, it doesn't really matter what our internal motivation is. Given that tis the season for holiday charity, I want to both agree and disagree with myself.
In a certain sense, "Fake it til you make it" works. If it wasn't so, there are countless holiday movies about transformation and Christmas miracles that just would not have ever gotten made.
Even if you're not entirely selfless when you sign up to volunteer down at the homeless shelter, chances are your heart will be touched, your eyes will be opened, your horizons will be broadened… what I'm saying is, you'll learn stuff. It's even possible that if you sign up to serve at a free medical clinic simply because you have a crush on the doctor who works there, that you'll be transformed by the experience (insert holiday movie trailer with this or similar plot line here).
It's even possible that if, instead of getting expelled from high school, you get "sentenced" to community service helping the former nurse at the free medical clinic who is now married to said doctor and runs an inner city at-risk youth center, you could learn a thing or two and be saved from a life of crime yourself (insert trailer for holiday movie sequel here).
What's more, whether your intentions are as pure as the driven snow in Antarctica or not, if you are volunteering for an organization that is actively reducing carbon emissions in America, then you are saving that driven snow and the iceberg it is on either way. If people are getting fed, if the rainforest is being saved and if poor children are getting warm jackets, it is a very good thing. At that point, if the person giving the warm jacket did it just so they could look good at church, who cares?
In these ways, the underlying intention doesn't matter.
However, there are also ways in which intention is everything. Maybe even the same ways.
Change and transformation is an INSIDE JOB. This is true both for our own small lives and the greater whole of the planet.
On the personal level, that means that no matter if our initial intention is 100% pure and selfless or not, we need to at least be internally open to grow and learn and transform. If we remain internally closed off and angry, then no amount of outer service can transform us. It is something we have to do from the inside. If we go through our mandatory service at the homeless shelter hanging on to our self-centered self-righteousness, we could see everything from our skewed perspective and just come out the other side with more prejudice and bah humbug. They don't make holiday movies about this, but I'm sure it happens.
If you are a person who donates cans at Thanksgiving and volunteers at Christmas time, but act like a complete and utter jerk the rest of the year, you're not really making the world a better place.
On the planetary level, if a person is giving a warm coat just to look good at church but hangs on to thought forms of class-ism and greed – the poor are lazy and it's their own fault – then they are part of creating our society that makes that young child cold and hungry to begin with. If we want to not only put one jacket on one cold child, but transform our world and change mass consciousness, then the internal intention is key.
On another level that is a mix between the personal and the planetary – the energy that you put into something makes a difference.
If you stand outside your local grocery store ringing the Salvation Army bell and you genuinely pray to be an instrument of Christ's love and to smile and spread holiday cheer to all who pass by, at the end of the day you will have collected 185 dollars and 28 cents and increased the amount of warm fuzzy happiness on the planet and made countless people feel a little more love. If, on the other hand, you ring the same Salvation Army bell at the same grocery store and you are stressed and self-absorbed, at the end of the day you will have collected 185 dollars and 28 cents period.
If you deliver Thanksgiving turkeys to low-income families and you do so with warmth and genuine love and care, you might turn a whole family's year around. You never know the impact sincere intention can have on the world around you.
Likewise, the impact sincere intention can have inside of you is also very powerful, no matter the outer circumstances.
If you are sincere in your desire to help others and make the world a better place and you volunteer for an organization that turns out to be not as pure as your intention – it doesn't matter. God sees your intention. The inner transformation you receive is according to your own inner sincerity. And the love and compassion you have spread into the world comes from the purity of your heart only.
If a good-hearted, fit and handsome young law student who is a little bit disillusioned with his family over the holidays, instead of going home for Thanksgiving volunteers at an orphanage that turns out to be a front for an illegal child labor ring, it can still turn into a big holiday action box office smash hit.
I don't know why I keep going from deep inner most sincere intention to inspirational holiday movie plot lines. I guess it's the way we learn things this time of year. So, whenever you're curled up on the couch watching the holiday line up of movies, just keep your intention in mind and see what you might learn about goodness, charity and the magic of Christmas from a place of both outer service AND inner sincerity. Oh, and keep going all year round.
And here is a little something to help you on your way:


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Cirque du Soleil is renowned for the startling feats of its acrobats and high-wire artists. But it's the corporate side that has pulled off its most unlikely stunt yet – getting Canada's most famous cultural export on stage inside the forbidding red walls of the Kremlin.
Since Feb. 4, the State Kremlin Palace, a building that once housed the more sedate performances of Soviet leaders Nikita Khrushchev and Leonid Brezhnev, has been packed each night with Russian audiences who come to see Zarkana, a Broadway-meets-the-Big-Top production that includes such eye-popping stunts as the "flying triple trapeze" and the "wheel of death." If Lenin's corpse weren't on display a few hundred metres away on Red Square, you'd wonder if he was spinning too.
For Cirque du Soleil Inc., showing Zarkana inside the Kremlin means unparalleled exposure in Russia, a market it has targeted as the right fit – because of its huge size, rich theatrical tradition and emerging middle class – for a major expansion.
Getting inside the Kremlin is a big step, even for a company that has already established itself as one of the few truly globally-known Canadian brands. With about $1-billion in annual revenue, and 5,000 employees worldwide, it represents a significant cultural export for a country that can boast of few iconic brands beyond the BlackBerry and Four Seasons Hotels. More than 100 million people in 40 countries have seen Cirque du Soleil shows over the past 2½ decades.
From its roots in Quebec street theatre in the mid-1980s, Cirque du Soleil began looking outward by taking its shows on the road to English Canada, then the United States, where it found a big following in California and Las Vegas.
The permanent shows in Las Vegas – which constitute close to half the company's business – put the United States at the top of the company's markets, although it is also very active in many other countries. "Japan is huge – we're going there every second year for 18 months every time we go," said chief executive officer Daniel Lamarre. "Spain is huge – we're travelling in five different cities in Spain. London is a big city for us. Paris is also very important for us. And I would say Moscow is right up there."
Indeed, Russia now ranks among the top five countries for Cirque du Soleil, along with the United States, Japan, Spain and Brazil.
To break into the Russian market, in 2008 the company created a subsidiary called Cirque du Soleil Rus and opened a permanent Moscow office. In the first three years, the company invested $42-million in the country and sold over 700,000 tickets to the touring shows Varekai, Corteo and Saltimbanco.
But it was the three-month, $57-million Russian production of Zarkana – which required a feat of engineering to get it inside through the narrow 15th century Kremlin gates – that cemented Russia as its fastest-growing market. It's a startling success in a country where just 2 per cent of the population knew what Cirque du Soleil was in 2008.
Mr. Lamarre says there are two reasons the leap into Russia has worked as well as it has. The first was a decision to hire an all-Russian staff for the Moscow office, people that knew the environment the company would be operating in. (The performers were already more than 20 per cent Russian, a testimony to the strong circus tradition in the country.) "We cannot pretend as Canadians that we understand every single culture there is in every single country," Mr. Lamarre said. "So we work with Americans when we're in Las Vegas, which is more than normal, and it's just as normal that we work with Russians when we're in Russia."
Mr. Lamarre's other move was to reach out to a pair of veteran Russia hands, the father-and-son team of George and Craig Cohon, who agreed to become 25 per cent partners in Cirque du Soleil Rus.
The Cohons aren't actually Russians, but they've been doing business here long enough to almost qualify. The elder Mr. Cohon is famous as the man who brought McDonald's restaurants to Moscow in 1990, the last days of the Soviet Union. Mr. Lamarre had served on the board of McDonald's Canada, and was impressed by George Cohon's accomplishment in Russia, "but, more importantly, how much he loved that country and how much he was involved."Report Typo/Error
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Sarah's Phoenix: A Chance to Bathe
It seemed like it took forever for Phoenix troop and the Prince to go to sleep. Sarah lay awake, listening until at last they all seemed settled. Then she quietly got up and went to see Jay. 'I really, really need a bath,' she told him.
Jason stopped his continual scanning of the horizon to look at her puzzled.
'Please Jay,' she nearly pleaded, 'I'll bathe just below the waterfall, I feel so grubby.'
Jason looked at her, 'You are not any grubbier than me.' She saw him glance into the cave.
'Please?' she begged. 'You're used to this, I'm used to bathing once a day.' She seriously felt like she was caked with dirt. 'I just, I just need to wash that Camp off.' She shuddered.
'I'm sorry you had to be exposed to those men,' Jason said quietly, beckoning her as he stood and started to make his way down. He led her to an alcove beside the waterfall. He turned and studied her. 'They did not harm you did they?'
'No,' Sarah said, 'not physically, but just being near them, with their looks,' she shuddered again.
Jason put a hand on her shoulder. 'I know. I was once a captive of the General myself.' Sarah nodded. 'You can bath here.' Jason dropped his hand to point uphill. 'I will keep watch from over there.' He turned and left, not waiting for her to reply.
Sarah watched him leave and sighed. Everything was skewed. There had been little of the camaraderie between them that had always been there in the Grove. Sarah turned away as she saw him reach the spot he'd indicated. She stripped to a bare minimum, wondering if he was watching, wondering if she wanted him to. Quickly slipping into the water Sarah's thoughts shut off as she shivered at its coldness. She scrubbed herself as best she could and then scrubbed what she could of her clothing. She set them out to dry before resting on the grass to air dry herself. At least the air wasn't freezing. Her thoughts revolved around the Grove and Jason.
Sarah stood and pondered Jason's form for a moment before putting on her clothing. You will always have me, his voice echoed in her ear from their talk in the orchard. In the Grove, he had always been there when she needed him, but now. Sarah looked back up, but he was gone. He startled her by appearing in front of her.
'Jay!' she jumped slightly, though her voice was low.
'Sorry,' he said, looking a little embarrassed. 'I saw you were done.'
'It's okay.'
'You should get some rest. We will be moving non-stop until we are well within Vervell's boundaries.' Jason parted the branches for Sarah to pass through, before following.
Sarah stopped at the entrance to the cave and turned around. Jason had already re-taken his watch post. She wanted desperately to talk to him, but she didn't know what to say.
Jason glanced over at her. He gave her a half smile, 'It will be over soon.'
'Then what?' Sarah asked. 'I've been taking it day by day, but that's not working anymore. I can't even imagine what kind of future I could have here.' Frustration and anguish filled her voice more than she meant it to.
Jason's eyes flicked over the bushes. Sarah took deep breaths trying to calm herself. Jason looked towards the moon.
'I'm sorry,' Sarah whispered. She turned to go inside, but turned back at Jason's touch.
'As soon as I am off duty, we will talk about our future.' Sarah nodded. He scanned the horizon then looked back at her. 'I promise, Sarah. Right now I must focus on getting us safely home.' Again his gaze left her and scanned the horizon. 'Go get some rest.' Sarah gave him a half smile and went inside.
For a while Sarah stared at the roof of the cave. The closeness to Jay she'd always felt in the Grove now felt far beyond her grasp. He seemed so distant, except for a few moments, once in the other cave, and once in the orchard. But his statement had reminded her that this was his job. She couldn't expect him to be close to her right now. Not while he was in charge of these men and this mission that could avert war and bring peace. Sarah sighed as she thought about everything she had learned of this world. Wondering if there was any future for her, other than becoming a wife and mistress of the hearth, she fell asleep.


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Three weeks ago, the Supreme Court issued a very disappointing verdict in Burwell v. Hobby Lobby that placed women's health care needs as secondary to the personal beliefs of their bosses. Essentially, the Court gave bosses of some closely held profit-making corporations the right to deny their employees legally mandated coverage for birth control because of the boss' personal objections — even if those objections are not supported by science or medicine.
Birth control is basic preventive health care for women, and 99 percent of sexually active women have used birth control at some point in their lives.The widespread and universal acceptance of birth control in the United States is widely hailed as one of the most important health advances of the 20th century.
The Hobby Lobby ruling, issued by five male justices and (opposed by all three female justices), shows a troubling level of disregard for American women, who should be able to make private medical decisions without asking for a permission slip from their bosses.
It's unbelievable that in 2014, we're still fighting about whether women should have access to birth control — and some would go even further than the Supreme Court, working to repeal the entire birth control mandate, a critical piece of the Affordable Care Act that is already benefiting 64,000 women in Alaska and nearly 30 million nationwide.
Since the Court ruled, I've seen a lot of misinformation about the effect the Hobby Lobby decision will have on American women. To clear up some of the confusion between myth and reality, here are the facts.
MYTH #1: This is a narrow ruling that only affects a couple of types of birth control.
FACT: The Supreme Court let stand several rulings allowing for-profit companies to deny coverage of any type of contraception — not just the types that Hobby Lobby was opposed to. And since the decision, the Court has opened the door for many other employers who object to birth control to refuse to cover it. This puts coverage for all types of birth control in jeopardy, and could result in many more women losing access to birth control coverage.
MYTH #2: This ruling is limited to "closely held" corporations, which affects only a small number of employees.
FACT: The Supreme Court ruling could apply to companies that employ more than half of the U.S. workforce — that's tens of millions of American women. Many massive companies, like candy giant Mars Inc. and multinational corporation Koch Industries, could be eligible to change their policies under the ruling.
MYTH #3: Any woman whose company takes away coverage can just get contraception through another government program.
FACT: No, she can't. For example, Medicaid is available only for low-income women and absorb a patient influx.
MYTH #4: Even if birth control isn't covered, it is cheap and easy for women to get it out-of-pocket at a place like Target.
FACT: You can't just buy prescription birth control at a convenience store like you would condoms. First, for many Alaskan women there isn't a convenience store nearby and more to the point, you usually need a doctor's visit first. Prescription birth control methods can cost upwards of $600 a year — that's equivalent to nine tanks of gas, an expense that many women can't afford. If women cannot afford it, they are more likely to use it inconsistently, incorrectly, or not at all. In fact, 55 percent of young adult women have experienced a time when they could not afford to use birth control consistently.
So, where do we go from here? Last week, the U.S. Senate tried to remedy this unfair ruling and voted on the Protect Women's Health from Corporate Interference Act, also known as the "Not My Boss' Business" bill. I'm proud to report that both Alaska Sens. Mark Begich (a co-sponsor of the bill) and Lisa Murkowski voted to advance the bill. Unfortunately, it failed to get the necessary 60 votes to move forward.
Planned Parenthood of the Great Northwest praises Sen. Begich for co-sponsoring this important legislation and coming to the defense of Alaskan women. Like the majority of Alaskans, he understands that decisions about birth control belong between a woman and her doctor – not a woman and her boss.
Chris Charbonneau is president of Planned Parenthood of the Great Northwest.
The views expressed here are the writer's own and are not necessarily endorsed by Alaska Dispatch News, which welcomes a broad range of viewpoints. To submit a piece for consideration, e-mail commentary(at)alaskadispatch.com.


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Do Anti Wrinkle Creams Work?
On One Hand: Temporary Wrinkle Reduction and Wrinkle PreventionAnti-wrinkle creams contain humectants, which attract water to the skin, and moisturizing oils, which temporarily plump up the skin to...
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Comparing Anti-Wrinkle Creams?
Life Cell, Dermajuv and Dermatopin are three anti-wrinkle creams on the market that claim to improve skin health and reduce the signs of aging. All of these products advertise a healing affect on t...
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Top Anti Wrinkle Neck Creams?
Our skin starts aging much sooner than most of us would like. Many companies have worked to manufacture products that can prevent, and sometimes even reverse, signs of aging. The neck seems to wrin...
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Making Anti-Wrinkle Facial Creams?
Automotive gauges are electrical components used to measure and report movement, temperature or pressure in various systems, like an oil pressure gauge. An auto gauge has to have at least one power...
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Hotel Sorea Titris is situated in a quiet setting not far from the centre of Tatranska Lomnica. It is located near a botanical garden with an exposition of Tatra nature and the Tatras National park Museum. We provide accommodation in comfortably equipped apartments, single and double rooms with fol...
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- Audio
- Alesis
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- Alesis LINELINK Dual 1/4 Inch To USB Cable
Alesis LINELINK Dual 1/4 Inch To USB Cable
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Buy this from the A.C. Audio Online Store. Request more information or contact us now for purchasing information.
Record your mixer, keyboard, sampler, or drum machine in stereo to your computer.
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Because of Abraham Lincoln's succinct and eloquent Gettysburg Address, history is left with the impression that, because he spoke for two hours before Lincoln, that Edward Everett is a big bag of air. However, nothing could be further from the truth. Edward Everett was an excellent speaker. In the mid-19th century people were more ceremonial. The dedication of a cemetery was a solemn occasion that deserved speeches worthy of the weight of the event. As great an orator as Lincoln was, Edward Everett was the main speaker for a reason, as he was one of those rare men who could keep an audience's rapt attention for two hours. That in itself was exceptional.
But judge Edward Everett by his actions and not his words, and you have an even more exceptional man. At a time when the nation struggled with slavery, he was already paving the way toward integration.
Born the fourth of the eight children of the Reverend Oliver and Lucy Hill Everett on April 11, 1794 in Dorchester, Massachusetts, Edward Everett was a bright lad. His father died when he was 8, and young Everett became friends with Daniel Webster, who would distinguish himself as a senator and great lawyer whose own oratorical skills became so renowned that Stephen Vincent Benét would write a short story as a tribute to his skills, "The Devil and Daniel Webster," nearly a century after Webster's death.
Twelve years younger than Webster, Everett nevertheless quickly closed that gap intellectually. He entered Harvard at 13, graduating as valedictorian at age 17. He studied for the ministry under the tutelage of Harvard president John Thornton Kirkland. Upon receiving his master's, Everett became the pastor at Brattle Street Church, a Unitarian church. In 1814, he began teaching Greek literature at Harvard. The position included two years of travel to Europe. He was barely 20 years old. He took classes in French, German, Italian, Roman law, archaeology, and Greek art at the university of Göttingen. In 1817, he became the first American to earn a doctorate at that institution.
Back in America, he quickly established himself as a teacher, scholar and speaker. Ralph Waldo Emerson who first heard Everett speak at the Brattle Street Church, idolized him. He wrote that Everett's voice was "of such rich tones, such precise and perfect utterance, that, although slightly nasal, it was the most mellow and beautiful and correct of all instruments of the time."
Everett also married well, marrying Charlotte Gray Brooks, the daughter of a wealthy marine insurer, on May 8, 1822. Ten months later they had the first of six children, the youngest would become a congressman.
Which makes sense as his father entered politics. serving five terms as a congressman before his election as the 15th governor of Massachusetts, taking office in November 1835. He was an abolitionist who believed in temperance -- the pillars of the Republican Party which would form 20 years later as a national party.
But the first concern of Everett, though, was public education. Under his leadership, Massachusetts set up the nation's first state board of education. Mark Twain's later ridicule of boards of education aside, Everett named education reformer Horace Mann as the state school board's secretary.
Temperance though would do Everett in. His Whig Party passed a law restricting the sale of whiskey, which cost the party dearly. Everett lost election to a fifth consecutive one-year term by a single vote. The next year, President Tyler appointed him ambassador to England, The job ended when President Polk appointed Louis McLane to succeed him. Such are the ups and downs of a political career.
However the lost diplomatic appointment would lead to his presidency of Harvard -- which was the worst job he would ever have, and the one where he would leave behind his best legacy: The enrollment of Beverly Garnett Williams in the Class of 1852.
Returning to Boston in September 1845, he was named president of Harvard. But the school was short of resources and long on rowdy, drunken students, many of them from the South. Harvard's own official biography of Everett admits this. He complained one day at the Morning Prayers, "When I was asked to come to this university, I supposed I was to be at the head of the largest and most famous institution of learning in America. I have been disappointed. I find myself the sub-master of an ill-disciplined school."
He did not help himself when he changed the name of thee institution to University of Cambridge.
The one saving grace of his Harvard years was Beverly Garnett Williams. Not much is known about him but he was a classmate of Everett's son. Everett proclaimed Williams the best Latinist he had ever encountered. The skills of Williams were debated in Congress. For you see, Williams was black. There was an outcry, but Edward Everett could not care less, saying, "The admission to Harvard College depends upon examinations; and if this boy passes the examinations, he will be admitted; and if the white students choose to withdraw, all the income of the college will be devoted to his education."
Historian Faiz Siddiqi wrote, "Students, faculty, and pro-slavery Southerners (apparently a large faction back then) rioted upon hearing the news. But the anger was all harbored in vain."
That is because young Williams died from tuberculosis before he could begin classes. It would be another 28 years before a black student would actually be an undergraduate at Harvard, however its medical school accepted two black students to its medical school in 1850, after Everett left.
Everett would succeed Daniel Webster as Secretary of State upon Webster's death in October 1852, then he served briefly in the U.S. Senate. He resigned due to poor health.
As the 1860 presidential election approached, people felt the union would not survive the election. While the Democratic party split in two -- a northern nominee and a southern one -- a faction of ex-Whigs who wanted to preserve the union formed the Constitutional Union Party, and nominated John Bell for president and Everett for vice president. The ticket carried Kentucky, Tennessee and Virginia. When the Civil War broke out, Everett quickly and ardently supported the Union cause.
His appearance at Gettysburg reflected a pattern for Lincoln of mending fences and forgiving political opponents, often winning them over. Indeed, the next year, Everett would be one of Lincoln's electors in the Electoral College. But a month later, while speaking to raise money for the war refugees of Savannah, Edward Everett caught a cold and died six days later on January 15, 1865. His nephew's grandson, actor Edward Everett Horton, carried on the oratorical legacy of his great-great-uncle as a voice actor most noted for his narration of the "Fractured Fairy Tales" on the Bullwinkle cartoon shows. Listening to those old cartoons, one does hear what Emerson said of the original Edward Everett's voice -- "rich tones, such precise and perfect utterance, that, although slightly nasal, it was the most mellow and beautiful and correct of all instruments of the time."
He tried to free the slaves, keep the union, and integrate Harvard. In time, all these things came to pass. Far from being a bloviator, he was a man of action years ahead of his time.
All the previous Exceptional Americans. The first book collection will be out in May.
Friday, April 10, 2015
Edward Everett, eloquent advancer of equality
Posted by Don Surber at 4/10/2015 08:00:00 AM
Labels: Exceptional Americans
5 comments:
Loved learning the connection of Gettysburg Address and BullwinkleReplyDelete
The first Edward Everett I heard of was Horton, in Rocky & Bullwinkle, and have enjoyed a number of his movies of the '30s and '40s. Didn't know of his namesake ancestor.ReplyDelete
Another great vignette.
- The Neon MadmanApril 10, 2015 at 6:37 PM
banning the sale of less than 15 gallonsReplyDelete
Do you really mean "more than"?Replies
Thanks. The source said less than. I punted and reworded it.Delete
Both Lincoln and Everett were famous and eloquent speakers. Both master wordsmiths. Mr Everett praised Lincoln for his short speech, and Lincoln penned a letter to him in return. I believe that Everett was the first to recognize the mastery of the Gettysburg address. Such a shame that his words are today little regarded.ReplyDelete
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Talk:Cello (web browser)
|Cello (web browser) was a Engineering and technology good articles nominee, but did not meet the good article criteria at the time. There are suggestions below for improving the article. Once these issues have been addressed, the article can be renominated. Editors may also seek a reassessment of the decision if they believe there was a mistake.
|This article is of interest to the following WikiProjects:
- 1 Fair use rationale for Image:Cello-1.01a-example.png
- 2 Fair use rationale for Image:Celloico.PNG
- 3 Notes
- 4 References
- 5 GA Review
- 6 Lead section
- 7 System Requirements
- 8 Lovelace
- 9 Comparison
- 10 Multimedia Internet Browsers
- 11 "high tarffic site"
- 12 ... referee
- 13 External links modified
Fair use rationale for Image:Cello-1.01a-example.png[edit]
Image:Cello-1.01a-example.png is being used on this article. I notice the image page specifies that the image is being used under fair use but there is no explanation or rationale as to why its use in this Wikipedia article constitutes fair use. In addition to the boilerplate fair use template, you must also write out on the image description page a specific explanation or rationale for why using this image in each article is consistent with fair use.
Please go to the image description page and edit it to include a fair use rationale. Using one of the templates at Wikipedia:Fair use rationale guideline is an easy way to insure that your image is in compliance with Wikipedia policy, but remember that you must complete the template. Do not simply insert a blank template on an image page.
If there is other fair use media, consider checking that you have specified the fair use rationale on the other images used on this page. Note that any fair use images lacking such an explanation can be deleted one week after being tagged, as described on criteria for speedy deletion. If you have any questions please ask them at the Media copyright questions page. Thank you.
BetacommandBot (talk) 20:49, 13 February 2008 (UTC)
Fair use rationale for Image:Celloico.PNG[edit]
Image:Celloico.PNG is being used on this article. I notice the image page specifies that the image is being used under fair use but there is no explanation or rationale as to why its use in this Wikipedia article constitutes fair use. In addition to the boilerplate fair use template, you must also write out on the image description page a specific explanation or rationale for why using this image in each article is consistent with fair use.
Please go to the image description page and edit it to include a fair use rationale. Using one of the templates at Wikipedia:Fair use rationale guideline is an easy way to insure that your image is in compliance with Wikipedia policy, but remember that you must complete the template. Do not simply insert a blank template on an image page.
If there is other fair use media, consider checking that you have specified the fair use rationale on the other images used on this page. Note that any fair use images lacking such an explanation can be deleted one week after being tagged, as described on criteria for speedy deletion. If you have any questions please ask them at the Media copyright questions page. Thank you.
BetacommandBot (talk) 20:51, 13 February 2008 (UTC)
- Pros
- http://www.highbeam.com/doc/1G1-16656543.html "Cello's strength is that it can reach a telnet, gopher or FTP address not in the URL syntax."
- http://www.ucsc.edu/mdn/mdninfo1.html "I have not yet figured out an elegant way to do it with Cello, but I can offer a work-around. Define a text editor as viewer application. The editor should be able to handle large files (about 200 kbyte) without adding formatting tags. When the file arrives, it will be displayed, but don't bother to read. Just save the file to disk and close the editor."
mabdul 13:39, 26 July 2010 (UTC)
It says at Network world that they had an interview with the cello creator...but I can't find it.=(.Smallman12q (talk) 15:02, 28 March 2010 (UTC)
- I do think this was a web only-interview. but I also can't find it at the moment!
- On Bruce-wikipage there is following sentence "Cello was released on 8 June 1993.[1]" The date didn't fit, or? mabdul 16:04, 28 March 2010 (UTC)
- I mailed the webteam of NetworkWorld if they have any access to old pages/archive and can me send a copy of that interview. mabdul 14:02, 24 April 2010 (UTC)
- So I finally found the interview...its at http://www.networkworld.com/news/1997/1027browser.html .I found it doing a google search for cello site:http://www.networkworld.com/news/. It has some very nice quotes which will add to the article =D.Smallman12q (talk) 18:27, 31 May 2010 (UTC)
- Hey that's really cool. good search! The dates would fit, but this doesn't seam to be a "real interview" for me. I expected something different (although it has really interesting facts in this article). Also couldn't find the number 4421, which was in the introduction for the so-called DocFinder. mabdul 19:44, 31 May 2010 (UTC)
User:Traxs7 has found another link at http://www.networkworld.com/news/1997/1027browser3.html ...and I found another one at http://www.networkworld.com/news/1997/1027browser2.html for other obscure browsers. I have now found all 3 related links at archive.org at:
- http://web.archive.org/web/20000130111943/http://www.nwfusion.com/news/1997/1027browser.html
- http://web.archive.org/web/20011005005015/www.nwfusion.com/news/1997/1027browser2.html - covers hotjava, lynx, Arachne
- http://web.archive.org/web/20011005005601/http://www.nwfusion.com/news/1997/1027browser3.html
Smallman12q (talk) 12:09, 4 June 2010 (UTC)
- ^ Gillies, James (2000). How the Web was born: the story of the World Wide Web. Oxford University Press. p. 235. ISBN 9780192862075. Unknown parameter
|coauthors=ignored (
|author=suggested) (help)
GA Review[edit]
- This review is transcluded from Talk:Cello (web browser)/GA1. The edit link for this section can be used to add comments to the review.
Reviewer: Shirik (Questions or Comments?) 01:04, 3 April 2010 (UTC)
Well written[edit]
- (a) the prose is clear and the spelling and grammar are correct
- The article needs a thorough copyedit. I went through a few sections and cleaned it up, but there is still a lot more that needs work (beyond the point where I would still be a neutral party reviewing the article).
- (b) it complies with the manual of style guidelines for lead sections, layout, jargon, words to avoid, fiction, and list incorporation
- I am concerned about the use of lists in the features section. Many of the features, including supported protocols, etc., would better be shown in prose. Some of the features also warrant discussion: How widely used was Gopher+ at the time? How did it handle "mailto" without a standardized email client interface on the OS? How was it extensible? All of these would be able to be addressed if the features were in prose instead of a raw list.
Factually written and verifiable[edit]
- (a) it provides references to all sources of information in the section(s) dedicated to the attribution of these sources according to the guide to layout
- Very well referenced
- (b) it provides in-line citations from reliable sources for direct quotations, statistics, published opinion, counter-intuitive or controversial statements that are challenged or likely to be challenged, and contentious material relating to living persons—science-based articles should follow the scientific citation guidelines
- In-line citations are appropriate
- (c) it contains no original research
- No evidence of original research
Broad in its coverage[edit]
- (a) it addresses the main aspects of the topic
- I am concerned with some of the topics not being discussed. Why did development cease? How did it compare to other (non-free) browsers at the time? The criticism section is really just a list rather than a discussion of the criticisms that were received; how were these criticisms responded to? These are the types of things that a reader might want to know upon coming here. I don't disagree that this is quite a historical browser; for this very reason, it is critical that this information be supplied in the article.
- (b) it stays focused on the topic without going into unnecessary detail (see summary style).
- it represents viewpoints fairly and without bias.
- Both criticisms and claims to fame are addressed, well balanced.
- it does not change significantly from day-to-day because of an ongoing edit war or content dispute.
- Stable
Illustrated, if possible[edit]
- (a) images are tagged with their copyright status, and valid fair use rationales are provided for non-free content
- Images are non-free, but have valid rationales and are appropriate for the article
- (b) images are relevant to the topic, and have suitable captions
- Images are relevant, but I think the splash screen may be overkill. That's open to debate, though.
General comments[edit]
This article can be great. In particular, the fact that there are so many references available makes the potential of this article very high (I feel it can hit featured article some day). Unfortunately, today is not that day. The article needs a copyedit, but first it can benefit from significant expansion in some area. It needs discussion of the features and criticisms as well as commentary on impact on the community. Yes, it was a big deal for lawyers, that was addressed well (though it could probably use its own section). What about other domains? These are the kinds of things an editor reading a quality article will want to see. With those concerns addressed I think this will be a clear candidate for a good article.
Based off the concerns above, I feel there is too much work to be done to warrant placing this article on hold right now, so I will have to fail it. However, I will be more than happy to review this article again when the above concerns are addressed, whether it takes a day, a month, or a year. I really want to see this become a good article, but it just needs some more work still.
Lead section[edit]
I'm not too good with rewriting technical articles...but I've attempted a lead section rewrite as follows:
Cello was an early shareware 16-bit multipurpose web browser for Windows 3.1 developed by Thomas R. Bruce of the Legal Information Institute at Cornell Law School. It was the first web browser written for Microsoft Windows. Cello also featured a Gopher client and supported FTP, SMTP mailing, Telnet, HyTelnet Usenet, WAIS, TechInfo, Archie, X.500,and TN3270 protocols.
Cello was created because, at the time, most lawyers used the Microsoft Windows operating system, but the web browsers available were for Unix operating systems. This meant that legal information on the World Wide Web was inaccessible to legal experts using Microsoft Windows. Thomas R. Bruce who cofounded the Legal Information Institute which created the first legal website recognized this problem and set out to devolp Cello.
Cello was first publicly released on June 8, 1993. Although a version 2.0 had been announced, development was abandoned prior to a public release leaving version 1.01a, released on April 16, 1994, to be the last version. Since then, the Legal Information Institute has licensed out the Cello 2.0 source code which has been used to develop commercial software.
Cello was popular during 1993/1994, but fell out of favor following the release of Mosaic and Netscape, during which development was abandoned. At its peak, 500 copies of Cello were being downloaded daily and it had a user base of 150,000 users.
Although the browser is no longer available from its original homepage, it can still be downloaded from mirror sites. The browser, however, will not work with most modern websites because of its limited HTML support. In addition, the DNS protocol has since changed which means that Cello cannot locate most websites.
I'm not sure if its any better than the current lead...thanks for the review btw=D.Smallman12q (talk) 15:44, 3 April 2010 (UTC)
System Requirements[edit]
Cello has the following system requirements: [55][56][7]
* Processor: 80386(386SX) at 16Mhz[51] [7]or better * Operating System: Windows 3.1 / 3.11 / Windows NT 3.5[4][5] / OS/2.[14] * Ram: 2 MB RAM, 4 MB RAM recommended[41] * A TCP/IP connection running Winsock
Microsoft 3.1/3.11 is not an operating system. It's a Graphical User Interface (GUI) that runs on top of any one of several versions of DOS. It's a minor point and I probably wouldn't have noticed, but it made the "Did You Know" column on April 4, 2010. I suspect this statement, being on Wikipedia's front page, may attract a little attention.Yasgur (talk) 00:20, 4 April 2010 (UTC)
- I'm aware that under certain technical definitions, Windows 3.1/3.11 would not qualify as an independent operating system. But as microsoft advertised it as one, and there are a number of reliable source referring to Windows 3.11 as an operating system, it is generally considered to be a Windows operating system. Microsoft states that
Many longtime PC users trace the Microsoft Windows® operating system to the 1990 release of Windows 3.0, the first widely popular version of Windows and the first version of Windows many PC users ever tried.
I do agree that Windows 3.1/3.11 is pretty much a GUI to DOS...but it is still considered an operating system by most.Smallman12q (talk) 02:52, 4 April 2010 (UTC)
- I'd also like to thank you for your interest, given that you only seem to edit a few times per year ^.^ Smallman12q (talk) 02:54, 4 April 2010 (UTC)
Should we link Lovelace with Ada Lovelace? mabdul 15:00, 24 April 2010 (UTC)
- I think you're confusing it with Lovelace Ada. It should probably be linked to Ada (programming language).Smallman12q (talk) 23:55, 29 April 2010 (UTC)
Is it really wise to add the comparison with other browsers in this article instead of creating a new article (or include this in the Comparison of web browsers)? do we have any more data(or browsers) to add? mabdul 15:52, 1 June 2010 (UTC)
Multimedia Internet Browsers[edit]
Anyone know the difference between Multimedia Internet Browsers(MIB) and regular Internet browsers?Smallman12q (talk) 01:35, 15 June 2010 (UTC)
- Mosaic is a multimedia, hypertext linked browser for the Internet. Most of the multimedia communication for Mosaic is handled using the Hypertext Transfer Protocol (HTTP) and files or formatted data using the Hypertext Markup Language (HTML). This format provides for a mingling of text, graphics, video, sound and hypertext links by "tagging" a text document using HTML. Data encoded using HTML is often referred to as an "HTML document," an "HTML page" or a "home page". These documents and other Internet resources may be accessed across the network by means of a network addressing scheme. These addresses, as used by Mosaic, are referred to as Uniform Resource Locators (URLs).
- nearly every browser except lynx! *g* mabdul 07:46, 15 June 2010 (UTC)
- Ye...figured as much...the multimedia part doesn't appear anymore=P. I found a few Cello links on W3C at http://www.w3.org/History/1993/WWW/Cello/ and http://www.w3.org/History/1993/WWW/Windows/ .Smallman12q (talk) 19:27, 20 June 2010 (UTC)
"high tarffic site"[edit]
At 20 April 2010 a news article on favbrowser.com quadruplicate the views on the 22.4. mabdul 13:39, 23 June 2010 (UTC)
... referee[edit]
[1] (not from Indiana this one)
External links modified[edit]
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