text:
On March 30, 2007, the U.S. Court of Appeals for the D.C. Circuit did something memorable in the world of professional investment advice: it vacated SEC Rule 202(a)(11)-1, which everyone (except the SEC) called the "Merrill Rule." Writing in the pages of Investment Advisor's May 2007 issue, Melanie Waddell wrote, "As many have proclaimed, the FPA's victory is an outstanding win for the financial planning profession." But as Melanie (then as now the Washington bureau chief for IA and now AdvisorOne) presciently predicted, "more legal maneuvering may be on the way."
The ruling struck down the SEC rule first proposed in 1999 that exempted brokers from being regulated as investment advisors (under the Investment Advisers Act of 1940) in fee-based brokerage accounts.
In an interview on the anniversary of the court ruling, Duane Thompson (left) said that "the more things change the more they're the same: we, meaning the industry, are still debating the same issue five years later." At the time, Thompson was a managing director for government relations for the Financial Planning Association, which sued the SEC not once but twice (in July 2004 before the SEC formally adopted the rule in 2005, and then again in 2005) in its ultimately successful attempt to overturn the Merrill rule. Thompson left FPA in 2009 and now has his own consulting firm, Potomac Strategies, and is a senior policy analyst for Fi360.
Thompson says financial planners and FPA members continue to bring up the suit with him. "There was a lot of frustration" among planners, he recalled, over not getting the SEC to "listen to the financial planner's viewpoint, not just Wall Street's." He says that while the successful suit led to much in the way of positive feelings "at least on the financial planner side, it also exacerbated and polarized feelings" between the broker-dealer and the investment advisor communities.
Recalling some uncertainty at the FPA over the wisdom of suing the SEC, Thompson says "it was a major decision" for FPA's board "to come to grips with the idea." Then as now, the FPA was composed primarily of "small-businesspeople," and among such people, " a lawsuit is the last thing you want to do." By contrast, in the securities industry and among some other associations, filing suits "is a standard tool in the quiver of many associations; the AMA has an arm for litigation; the Chamber of Commerce has one," and just this week, lawyers for the National Federation of Independent Businesses (NFIB) spoke against the Patient Protection and Affordable Care Act, aka Obamacare, before the Supreme Court.
Thompson argues that filing suit against the SEC, while risky, was also a "perfect forum" for a group like the FPA, which was "always outgunned in terms of lobbying and resources" but in court had, as other advocacy groups have, a "level playing field." He also commends the work of the FPA's chief lawyer in the case, Merril Hersh, who he said "did a brilliant job" by forcing the court to look at the intent of Congress when it passed the Advisers Act.
He'd like to think the lawsuit had some influence in how financial reform since then has been framed, particularly on the fiduciary issue. "That hasn't resulted in a level playing field" yet, he said, but it "moved the debate further down the road."
When asked if he thought the SEC is now more responsive to the financial planning community, the veteran of politics inside the beltway said, "I think they are more wary." But he is heartened by the coalition of advisor and consumer groups that have kept up pressure on the SEC and Congress to do right by clients, naming in particular the Consumer Federation of America, the Investment Advisers Association and NAPFA, but also the CFP Board and AARP.
One day before the anniversary, in fact, a coalition including all those groups plus Fund Democracy provided the SEC with a "roadmap" for resolving the debate about how to create a fiduciary rule.
The debate has shifted, Thompson concluded. "The Financial Services Institute was on the fence, but now FINRA, SIFMA and FSI—everybody but the insurance industry" has voiced support for "some kind of fiduciary standard; the debate has moved well beyond whether the suitability standard is appropriate."


text:
The final version of Maleficent revealed that the classic villain had a full head of hair beneath her headdress. But early concept designs show a little girl Maleficent who was a bit more otherworldly—and covered in feathers.
Concept artist Luca Nemolato showed his take on the young fairy from early in the movie's pre-production. Really, there could have been anything hiding beneath Maleficent's robes, and this would have been a lovely take on her raven motif.
Maleficent - designs [Luca Nemolato via Comic Book Movie]

subset: commoncrawl


text:
David Andrako for NPR
David Andrako for NPR
David Andrako for NPR
David Andrako for NPR
David Andrako for NPR
David Andrako for NPR
David Andrako for NPR
David Andrako for NPR
1 of 8
Lyle Lovett In Concert
Seeing a concert at the Prospect Park Bandshell is a surefire way to spend a summer night. Seeing Lyle Lovett close out the 2012 Celebrate Brooklyn season was something special — and we were there to record the Aug. 11 show.
Whether he's backed by his Large Band or (in this case) his Acoustic Group, Lovett always surrounds himself with superb musicians. The backing band this evening was comprised of a couple of youngsters (guitarist/mandolinist Keith Sewell and fiddler Luke Bulla) and a couple of longtime Lyle cohorts (John Hagen on cello and Viktor Krauss on bass) plus the legendary drummer Russ Kunkel. Like Lovett, they wore charcoal gray suits and ties and looked mighty sharp.
Lovett was classy, witty and generous, giving his sidemen a chance to shine and bringing singers Arnold McCuller, Aoife O'Donovan (who opened the evening with her band) and Kat Edmondson onstage for vocal turns. The evening mixed and matched various combinations of musicians, and the set list, while drawing on Lovett's most recent album Release Me, included plenty of favorites from throughout his career. As always, there was barely a genre — country, folk, blues, swing, bluegrass — left untouched.
The last few numbers — "That's Right (You're Not From Texas)," "White Freightliner Blues" and the encore "Can't Resist It" — showed what a juggernaut this group can be. Lovett's been at this for nigh on 30 years and remains at the top of his game.
Set List
- Intro
- "Release Me"
- "White Boy Lost in The Blues"
- "Isn't That So"
- "Well All Right"
- "Understand You"
- "One Way Gal"
- "Remember Well"
- "L.A. County"
- "Night's Lullaby"
- "Up In Indiana"
- "Let Me Fall"
- "If I Had A Boat"
- "She's No Lady"
- "North Dakota"
- "That's Right (You're Not From Texas)"
- "White Freightliner Blues"
- "Can't Resist It"
Audio engineer: George Wellington for WNYC. Host: John Platt, WFUV. Special thanks to Celebrate Brooklyn and BRIC Arts.


text:
The knife boasts the following features:
Open length: 7.63"Closed length: 4.93"Cutting edge: 3.10"Titanium alloy frame thickness: 0.165"G10 scale thickness: 0.165"Sheath Description: Pocket ClipWeight: 4.98 ounces / 139 gramsLIFETIME WARRANTY BY DPX GEAR INC.
Knife includes a unique, collectible Mr. DP skull adjustment tool which is used to adjust the pivot tension and remove/replace ace the glass breaker screw with an included flat screw. The tool may also be used as a handy EDC by itself.
Forgotten Password?New Customer


text:
Artist Images
Artist Images
The Arvo Pärt Project appears at The Phillips Collection in a program of chamber music performed by musicians from the Tallinn Chamber Orchestra. A panel discussion on spirituality and music also takes place in partnership with the George Washington University.
Arvo Pärt (b. 1935)
Für Alina
Spiegel im Spiegel
Für Anna Maria
Variations for the healing of Arinushka
Vater unser
Es sang vor langen jahren
Scala cromatica
My heart's in Highlands*
*World Premiere: version for alto, piano, violin, viola, cello.
Harry Traksmann, violin
Laur Eensalu, viola
Leho Karin, violoncello
Marrit Gerretz-Traksmann, piano
Iris Oja, alto
In collaboration with the George Washington University, the Embassy of Estonia in Washington, D.C., and St. Vladimir's Seminary.
Composer Arvo Pärt is an iconic figure in the world of classical music. Born in Estonia in 1935, he made his mark among Eastern European composers by creating a body of important work in the 1960s, a period which culminated in his political censure and personal despair. It was after a seven-year period of musical silence that Pärt emerged into an entirely new mode of musical composition he calls Tintinnabuli: new, yet rooted in history, drawing on medieval tonalities and primal musical elements. Since the 1970s, he has built upon this new phase in his artistic life, and his immersion in the Orthodox Christian Faith has provided a profound source of inspiration in his music.
In 2014, Pärt makes a rare visit to the United States to participate in the Arvo Pärt Project, which seeks to illuminate, through performances and lectures, the fundamental elements and central thinking of this great living composer.
For more information about the Arvo Pärt Project click here


text:
A collection of scholarly works about individual liberty and free markets. A project of Liberty Fund, Inc.
1892 - 1970
Historical Period:
The 20th Century and Beyond
Jacob Viner was an economist who wrote on international trade, tariff policy, commercial treaties, the role of the U.S. international trade, and the history of economic thought. Viner was a professor at the University of Chicago from 1916-17 and from 1919-1946. He then went to Princeton and retired from there in 1960. While at Chicago he edited the Journal of Political Economy with Frank Knight.


text:
Poppy Montgomery to Make Cinderella Pact With Lifetime Movie Network
LOS ANGELES, June 11 -- Forget wedging your foot into the fabled glass slipper; try getting into last season's "skinny" jeans! Next February, Poppy Montgomery (Without a Trace) is set to star in Lifetime Movie Network's adaptation of Sarah Strohmeyer's popular novel Cinderella Pact. Emmy(R) Award-winning Executive Producer Barbara Lieberman (Murder in the Hamptons) presents the classic tale with a sugar-coated twist: a story about three best friends who, in a last ditch effort to lose weight, make a pact to follow the advice of their "fairy godmother" and end up changing their lives forever. Cinderella Pact will premiere in February 2010 on Lifetime Movie Network, Lifetime's sister network and the second highest rated women's channel.
By day, Nola Devlin (Montgomery) is an unassuming, frumpy magazine editor who is overlooked and teased by her co-workers. When the sun sets, though, and she is behind the glow and anonymity of her computer screen, she becomes the famous and "reclusive" advice columnist Belinda Apple. Nola's friends, tired of being overworked and overweight, band together to create the "Cinderella Pact," vowing to lose pounds by following the advice of their "fairy godmother," Apple. When her secret identity is threatened, Nola is forced to take her own alter-ego's advice. But, as the group of friends drops dress sizes, their real issues are exposed, and better-than-expected life changes begin to blossom.
A native of Sydney, Australia, Montgomery arrived in Los Angeles at the age of 18, intent on fulfilling her acting ambition. Montgomery was soon guest-starring on shows such as NYPD Blue and Party of Five. Her breakout role came in 2001 when she was tapped to star as Marilyn Monroe in the CBS miniseries Blonde. On the big screen, Montgomery has co-starred in The Other Sister, Life, 50 Ways to Leave Your Lover and Dead Man on Campus. Most recently, she starred in the hit CBS series Without a Trace.
Cinderella Pact is produced by Barbara Lieberman Productions for Lifetime Movie Network. Barbara Lieberman (Murder in the Hamptons) executive produces a script from Nancey Silvers (Girl, Positive) and Janet Brownell (Northern Lights), based on novel by Sarah Strohmeyer (The Sleeping Beauty Proposal).
Lifetime Movie Network is the #2 women's channel in Primetime and Total Day, behind only Lifetime Television. In 1Q'09, the Network posted its most-watched quarter ever in its 11-year history. Lifetime Movie Network's First Quarter '09 Total Day ratings among Women 18+ surpass Discovery, MTV, FX, TLC, Bravo, E!, Food Network, ABC Family, Oxygen, WE, VH-1, Style and SoapNet. In April, Lifetime Movie Network reached nearly 70 million U.S. subscribers, making the Network the industry's fastest growing channel.*
Lifetime is the leader in women's television and one of the top-rated basic cable television networks. A diverse, multi-media company, Lifetime is committed to offering the highest quality entertainment and information programming, and advocating a wide range of issues affecting women and their families. Lifetime Television, Lifetime Movie Network, Lifetime Real Women and Lifetime Digital (myLifetime.com, Lifetime Games, Roiworld.com, DressUpChallenge.com and MothersClick.com) are part of Lifetime Entertainment Services, a 50/50 joint venture of Hearst Corporation and The Walt Disney Company.


text:
A top Redster for pros and hobby athletes who want performance in a variety of conditions.
A top Redster for pros and hobby athletes who want performance in a variety of conditions.
Sidecut with a narrow tail and wider tip. For even faster acceleration on every terrain and snow.
This sintered world cup base includes 6% special glide additive for a great glide in all conditions.
The Race profile with an optimized thickness curve ensures control and stability.
An ultra-lightweight material originally used in aerospace. This core is structured like a honeycomb for strength, resilience and liveliness. We also use it in combination with Densolite.
If you're looking for a performance skate that will give you genuine race pace but also be fun to use out training, this is the one. Think of it like a light, fast road bike. It has the same construction as our top Redster S9 Carbon, with a V-shape sidecut that catapults you forward for awesome acceleration. Then it has a Race+ Carbon Laminate that keeps it light but stable. And fast!


text:
Subscribe to our RSS-feed
© 2001-2011 Axistive® | Last updated:
Jun 19, 2020
Legal Notes: The information on this website is presented by Axistive for the purpose of disseminating information for the benefit of the public. Axistive monitors the quality of the information available on this website and updates the information regularly. However, Axistive does not make any representation or warranty about the accuracy, reliability, currency or completeness of any material contained on this website or on any linked site. While Axistive makes every effort to ensure that the material on this website is accurate and up-to-date, you should exercise your own independent skill and judgement before you rely on it. This website is not a substitute for independent professional advice and users should obtain any appropriate professional advice relevant to their particular circumstances. Links to other websites, are inserted for convenience and do not constitute endorsement o material at those sites, or any associated organisation, product or service. Axistive is not liable for any loss resulting from any action taken or reliance made by you on any information or material posted on the website (including, without limitation or third party information). You obtain access to this website at your own risk and Axisitve accepts no responsibility for any interference, loss, damage or disruption to your own computer system which arises in connection with your use of this website or any linked website. You must take your own precautions to ensure that the process which you employ to obtain access to this website does not expose you to the risk of viruses, malicious computer code or other forms of interference which may damage your own computer system.


text:
Cook Cheers Investors While Saying Very Little
Feb 28, 2013 12:17 PM PT
CEO Tim Cook presided over Apple's annual shareholder meeting on Wednesday, where he fielded questions about a lawsuit filed by activist investor David Einhorn.
In his complaint, Einhorn demanded that Apple unbundle scheduled votes that he claimed would require shareholders to consider separate matters in one ballot. Cook called the lawsuit "silly," but the judge ruled in favor of Einhorn, setting what The Wall Street Journal described as a "legal precedent in corporate governance."
Questions were also posed about Einhorn's larger issue with Apple: its firm hold on a huge stash of cash. Cook agreed that was an issue worthy of discussion and said Apple was seriously considering returning some of the cash to shareholders.
Friendly Crowd
Einhorn reportedly did not attend the meeting, and for the most part, Cook faced a friendly crowd. That reception reflects the current attitude of many Apple investors regarding the cash-versus-dividend issue, Andreas Scherer, managing partner of Salto Partners, told MacNewsWorld.
"Tim Cook has a lot of support among shareholders, even on the heels of a drop from (US)$700 a share in September of last year to the mid-four-hundreds of today," Scherer said.
"For example, Anne Simpson of CalPERS expressed regrets over Einhorn's legal move," he continued. "She acknowledged that a discussion about Apple's cash pile needs to be had but stressed that this shouldn't be done under duress."
Apple has a number of options at its disposal, noted Covestor Investment Model Manager Eric Steiman: a one-time $89 dividend; a double dividend; a one time share buyback; or ongoing share buybacks.
Apple does need to do something, Steiman emphasized. "They have too much cash, and are making too much on a quarterly basis to not repay their shareholders," he told MacNewsWorld.
In general, investors are willing to give companies that use their cash in the best interests of their shareholders a premium P/E multiple -- a fact that Apple should note, considering that its growth is slowing, Steiman pointed out.
Apple's Future Direction
This theme of slowing growth was prevalent in shareholders' questions and comments on Wednesday. Cook did his best to soothe concerns, alluding to new product development in the pipeline and assuring investors that Apple was not constraining its R&D budget in the name of stockpiling cash.
He also acknowledged the heated competition with Samsung and Android.
Cook made all the right noises at the hour-long meeting, while revealing very little about the company's plans, observed Scherer.
"The meeting was pretty much a non-event," he said.
New information about the company was never the point of this gathering, said Trip Chowdhry, managing director of equity research at Global Equities Research.
It is rare for a company to unveil news of new products or strategies at shareholder meetings, he told MacNewsWorld. What is more important is that executives project a confident and forward-looking tone, and in that respect, Cook deserves full props.
"Cook did a good job with the shareholder meeting," he said. People came away with the impression that Apple is still all about innovation -- all about creating products that move markets and change lives."
Just one head-turning product is all Apple needs to reverse its stock performance, Chowdhry maintained. "All it would take is one break-through product this year, and the stock would begin to recover immediately."


text:
Please wear a face covering while in our stores. Click here for the latest update. Please note Saturdays we close at 1pm.
For advice, call us on 0113 2789 171
Email us at firstname.lastname@example.com
Home / Hand & Power Tools / Power Tool Accessories
* Restrictions apply. Please see our delivery areas
Don't miss our end of line and clearance bargains
With other branches available, find a store today!
Get more from Milford


text:
High-net-worth investors favor boutique wealth management firms over Wall Street behemoths based on quality, exclusivity, social status and ability to deliver special client experiences, according to a new study.
Luxury Institute surveyed investors with at least $5 million in assets and a minimum annual income of $200,000 for its latest Wealth Management Luxury Brand Status Index, released last week.
Respondents reported $15 million average net worth and average income of $720,000.
Brown Brothers Harriman earned the highest LBSI score of 7.01 on a 1–10 scale, ranking first on each of the four subcategories.
Boston Private Bank and Trust trailed with a 6.37 score, followed by Neuberger Berman Private Asset Management, 6.3, and Bessemer Trust, 6.27.
"Reputations for honesty and superior client service are what make the smaller firms standouts in this survey," Luxury Institute's chief executive Milton Pedraza said in a statement. "This is demonstrated by revered brands Rockefeller and Glenmede, which barely missed the mark in attaining a statistical sample, but would have been in the top range otherwise."
The survey found wealthy investors also asserting a strong streak of independence with the largest share (8.7%) saying they would use Fidelity for future wealth management services.
Fidelity was also the most recommended brand, with 61% of respondents saying they would refer friends and family to Fidelity. Only 32% said they would recommend Goldman Sachs.


text:
EGNOS improves safety for maritime navigation in China
The fog today is hanging heavy on the Yangtze River making conditions for navigation rather difficult, however one ferry goes forward with no special worries. The captain is using the highly accurate satellite navigation system, EGNOS.
The European Geostationary Navigation Overlay Service (EGNOS) is an initiative of the European Space Agency (ESA), the European Commission and Eurocontrol.
This boat trip is the first trial testing satellite navigation with EGNOS in China and is the first real joint work between Chinese and European Space Agency engineers on the promising domain of satellite positioning. It represents a new cooperation between China and Europe on the Global Navigation Satellite System.
We are in Wuhan, the heart of China, on the third longest river in the world after the Amazone and the Nile. The Yangtze separates the north and south of the former Empire of the Middle and is a busy maritime highway. It carries important traffic from the coast in Shanghai to the Three Gorges Dam. Wuhan is 1500 km inland from the China Sea and is the fourth largest city in China with a population of more than 7 million and a big port along the Yangtze.
The fog obscures the view of the opposite bank, especially where the Yangtze spans more than one kilometre. Onboard the ferry, near the captain, a computer screen displays a map of the Wuhan river crossing. A small point shows the position of the boat based on measurements made with EGNOS, the European Geostationary Navigation Overlay Service. The system uses GPS signals to provide a more accurate signal with added integrity.
For several months teams in China and Europe have worked closely to prepare tests using the EGNOS signal which is currently in a test bed phase. The EGNOS test bed signal is available above China relayed by a geostationary satellite positioned above the Indian Ocean.
To make these trials possible, a temporary regional ground network of stations had to be implemented. Three Ranging and Integrity Monitoring Stations (RIMS) were installed in China: one in Shanghai, one in Fangshang near Beijing, and one in Wuhan. This enabled a triangle of EGNOS data availability (like GPS) and ionospheric corrections.
Firstly, the Chinese Sismological Bureau conducted static tests last December. A campaign of EGNOS data collection on six different sites showed very good availability and accuracy of the EGNOS performances inside the temporarily installed EGNOS triangle. The accuracy obtained with the EGNOS test bed signal improved the accuracy of GPS by a factor of three.
Dynamic tests were then made by the Dalian Maritime Institute with the support of the Chiangjiang Waterway Institute who provided the boat. These trials allowed a check of the quality and availability of EGNOS in China in the busy built up urban environment of Wuhan. Bridges and buildings can normally cause interferences that can in turn affect the signal. Wuhan was therefore a good test of the reliability of the EGNOS signal which is essential for safety in maritime navigation.
This cooperation illustrates the potential of extending EGNOS beyond Europe. It also prepares the ground for the coming cooperation around Galileo on which the EU and China signed a political agreement last September 2003.
During these trials people also got to know each other. Engineers from both sides found they could work well together. Indeed, in front of the Beijing University there is already a joint office: the China-Europe GNSS Technology Training and Cooperation Centre (CENC) which opened last September after the agreement for China's participation in Galileo on global navigation satellite system which was signed at the highest political level.
In fact, when realizing the dynamism and potential of China for the 21st century such a cooperation seems obvious. After all, it is in China that the magnetic compass was invented more than 2000 years ago, so now China and Europe can work together for the compass of the 21st century: navigation satellite systems.
EGNOS can be used for boat navigation as well as any type of transport or professional application from guiding blind people to virtual tolling.
The EGNOS signal will be available by the middle of 2004 and paves the way for Galileo, due to be operational in 2008. This civil initiative will complement the sole alternative satellite navigation option: the US Global Positioning System (GPS). Galileo, whose development and validation phase is being co-funded by ESA and the EU, will give Europeans – and indeed the world at large – a precise and secured satellite positioning system.
Media Contact
Weitere Informationen:http://t2wesa.r3h.net/export/esaNA/SEMTS4474OD_index_0.html
Alle Nachrichten aus der Kategorie: Transportation and Logistics
This field deals with all spatial and time-related activities involved in bridging the gap between goods and people, including their restructuring. This begins with the supplier and follows each stage of the operational value chain to product delivery and concludes with product disposal and recycling.
innovations-report provides informative reports and articles on such topics as traffic telematics, toll collection, traffic management systems, route planning, high-speed rail (Transrapid), traffic infrastructures, air safety, transport technologies, transport logistics, production logistics and mobility.
Kommentare (0)
Neueste Beiträge
Cyanobacteria: Small Candidates …
… as Great Hopes for Medicine and Biotechnology In the coming years, scientists at the Chair of Technical Biochemistry at TU Dresden will work on the genomic investigation of previously…
Do the twist: Making two-dimensional quantum materials using curved surfaces
Scientists at the University of Wisconsin-Madison have discovered a way to control the growth of twisting, microscopic spirals of materials just one atom thick. The continuously twisting stacks of two-dimensional…
Big-hearted corvids
Social life as a driving factor of birds' generosity. Ravens, crows, magpies and their relatives are known for their exceptional intelligence, which allows them to solve complex problems, use tools…


text: Solar constant, the total radiation energy received from the Sun per unit of time per unit of area on a theoretical surface perpendicular to the Sun's rays and at Earth's mean distance from the Sun. It is most accurately measured from satellites where atmospheric effects are absent. The value of the constant is approximately 1.366 kilowatts per square metre. The "constant" is fairly constant, increasing by only 0.2 percent at the peak of each 11-year solar cycle. Sunspots block out the light and reduce the emission by a few tenths of a percent, but bright spots, called plages, that are associated with solar activity are more extensive and longer lived, so their brightness compensates for the darkness of the sunspots. Moreover, as the Sun burns up its hydrogen, the solar constant increases by about 10 percent every billion years.