text:
Take It or Leave It - Commentary
This is the commentary by Dave Robinson and Chris Foreman.
Opening Credits: Dave says they were badly stuck for a beginning; and then the band had to get to the airport so they thought they'd use the taxi to the airport. They tried to keep everything as realistic as possible; making them ahead of their time in many ways.
Dave let the band do as they pleased during the filming at the airport; meaning that a lot of great, original ideas came through - like Lee sneaking up on random people (strangers and band members alike) and putting stickers on their backs!
The film starts with Lee, walking the streets of London. Chris points out that there's no Starbucks to be seen and nobody has a mobile phone pressed to his ear.
Dave mentions that they started the film in black and white to give a sense of age. The lab told him to let them do all the film in one go to make things easier for them; and then they bleached the lot! He says it was completely burnt out, looking like a snow scene with a few black dots on. When he approached the lab about it, they merely said "sorry". Dave was unimpressed and the band blamed him.
Chris says at least it gave them a practice run.
Lee and Mike heading for "Rock On". The moving camera was in fact a camera man being dragged along on a trolley. It jolts a bit as a result; but it looks good.
Mike had to keep trying to egg Lee into following the script they'd work out, because he seemed determined to ad lib.
The part where Lee asks Mike to lend him money for records is realistic because he was always a bit short of cash and borrowing money from Barso.
The sound were never ready; and failed to take notice of Dave who hated saying "action" and opted for saying "shoot" or "go". The band were constantly having to start again because the sound crew hadn't been recording.
The music playing in "Rock On" was in fact produced by Madness, so that they wouldn't have to buy rights from other artists.
The music shop keeper in the film actually worked for both "Stiff Records" and "Rock On", so he got the part.
Chrissy and his wife in their home. The child in the shot with them isn't actually Chrissy's kid; although it isn't actually explained why he's there. Chrissy says it was really sad, because his dad was in prison, and he kept calling Chrissy "dad".
First rehearsal; with Mike, Lee and Chris. They're really playing at Mike's mum's house; probably in Mike's room.
The whole film uses the original locations and props whenever possible.
Lee's music lesson. Dave asks Chris where Lee got the idea for the sax with no serial number, was it from a film? Chris says no; Lee really did "miss appropriate" a sax back in the early days and scratched off the serial number in case the real owner had taken note of it.
Dave says Lee's the "mean street" character.
Chris meets John Hasler in the Job Centre. Dave says this bit's good - true to type and typical of the era. Signing on has changed a bit since then!
Rehearsal at Mike's; this time with the addition of John Hasler on drums. Chris is using his first guitar, which he says he got for ten pounds.
They really did cover John's drums when they rehearsed, because they were a bit loud. Chris says that they let him be drummer because he went out and bought a drum kit, showing real keenness.
They note that Mike really showed his resilience; because in the early days it was hard to imagine that the band would go anywhere.
Dave says his sarcasm was great; but would you really want to work with him? Chris didn't mind much because he'd known him ages; everybody else tended to get annoyed by Mike. Chris points out that Mike's attitude was exaggerated for the film - if Mike had really spoken to Lee in the way he does at times, Lee would probably have attacked him. Mike's a good actor; really good at looking frustrated and annoyed.
Lee could never understand that he had to convert the notes for a piano into a different key for the sax. Chris says the penny didn't drop until about the time they were producing "One Step Beyond".
Dave loves the part where Lee gets angry and starts shouting at Mike; repeating every line of Mike's like an echo whilst chucking his sax into a carrier in bits.
Suggs and Chalky. Chris laughs at Suggs' use of the word "bloomin'" when he's talking to Chalky about having to go to a "bloomin' cafe" with a social worker. He remembers that they weren't allowed to swear because there might be young children watching and they didn't want to encourage them to do the wrong things. Back in those days, "bloomin'" was borderline.
At that time, Chalky was just a friend of the band. He later became joint manager of Madness with Tokks for a time.
The Post Office. Chrissy didn't really work in a Post Office, he just thought it'd work well in the film. Dave likes the bit where he tries shoving a large package into a small pigeon hole.
Mike and Si in the Tube Station. In reality, they didn't go as far as they do in the film; but they really did mess about - and got caught - and were sent to prison for a couple of weeks. Barso could never run very fast for very long; so he was always caught.
Chris says that all the band members were quite bad, but they never did anything awful, like mugging people. They did a bit of vandalism and shoplifting though, mainly out of boredom. They weren't trying to be nasty or anything; they just wanted fun. Dave says that the problem was the system, because they didn't know what to do with young people back then.
The Invaders play in Si's garden. The location really is Si's house. The singer was never a part of Madness. They didn't want him to sound too good, so they made sure he couldn't hear himself too well.
Dave points out that Chris is beginning to play better at this point. It's a good piece of acting, playing badly on purpose and improving gradually as time goes on.
Chris says he can remember Si saying that he was having a party and wanted the band to play and how excited/nervous they'd been... and then they were put in the garden! At first they had a crowd out there, then they had a couple of people... and then they had one person out there being sick somewhere...
Chris doesn't remember Mike having a go at Si; though he can remember asking why the gear was being taken through to the garden. He's sure Barso would never have been that aggressive... though he might have, because they did argue quite a bit back then.
Carl was funny. He had the part where he asks Mike to let him become The Invaders' bass player all worked out right up to the time when it actually came to saying something.
Suggs did the traditional bit where you nose around your host's bedroom, maybe nick a few records (Chris says he would never have done that; he's too nice a bloke!). There's also a part where he bumps into Hasler in the toilet and has a chat with him about the gig. He says he can sing twice as well as the singer they had. Chris points out the "wee" sound effect that they had looping forever in the background of the scene... I think it's actually a tap running.
Mark and Woody at an audition The twins were in fact actors who turned up for an audition. Dave thought they were fun and gave them this part. It took a lot of doing, but they managed to get them to say their lines at the same time.
Woody has a woolly beanie hat on during most of the film because when he joined the band he had long hair; which they made him get cut. It's an attempt at continuity.
Chris and Mike. Chris never actually worked with Mike, but they used a bit of artistic license during filming to give a rough idea of the band members' backgrounds.
Suggs' first rehearsal. Carl really did play bass for a time. Chris says he can play anything - even bagpipes!
He still thinks Mike seems too harsh and unpleasant; he wasn't that bad really. Dave points out that Mike did have a certain standard that he was aiming for though.
Chris says he can remember the first rehearsal that Suggs and Chalky came along to. He was walking on the other side of the road to them; thinking they were a pair of yobbish skinheads because they were making a lot of noise and sharing a bottle of vodka. He says it actually happened at Mike's mum's house, not the little room where they rehearsed later on.
Dave thinks the bottle of vodka is a bit over-the-top; Chris says it probably wasn't such a big bottle, but Suggs really did turn up with vodka.
They used to do loads of old Rock 'N' Roll songs; all of which had good guitar solos in - Chris used to really get into them.
Lee keeps disappearing. Chris says that things haven't changed much with the band. At the time the commentary was recorded, Madness had a lot of work on (trying to sort out the "Our House" musical); so Thommo went off to Australia for a time.
Mike gives Chas a lift home. Dave doesn't like the parts where the band are driving in the dark. To him, it's too dark. Chris says they should have sent it off to the people that bleached the black and white film - it might have come out like daylight! He likes it as it is though; it looks realistic.
Barson did test everyone to see if they were prepared to stick with it. Chris says Carl still holds a grudge/argues with Mike about some of the things he was put through. Mike says he didn't drop Carl off in the middle of nowhere in the middle of the night, but Chris remembers it happening.
Late start. Chrissy says he had to drag Mike out of bed enough times - it still happens now in fact; when he returns to the UK he sometimes stays with his mum.
Dave says he was always amazed by Chrissy's time keeping - he was the only one who used to turn up on time, from what he remembers. Chris says that he, Mark and Woody are pretty reliable but everyone else are usually on a different planet. Carl would even turn up on a different day!
Mike had no time for things like sport. When Suggs missed a rehearsal due to the cup final, most people would have understood that; but as it was, Mike kicked him out. Mike had the van and place to rehearse, so he had the power. If he said he didn't want someone in the band, the others couldn't really argue.
Thommo was always leaving and coming back, but Chris hung in there. It was John Hasler that kept the band going though; he was always bringing in new people when they were needed.
Lee's latest job. Lee turns up late for his new job as a driver for a builders' van. This is a bit exaggerated, but taken from real life. He acts well too. Dave laughs and says that if the foreman knew Thommo he wouldn't give him the keys!
Dave says he likes the way Lee seems to hang on every word the foreman says, asks no questions, waits for him to go and then asks "What are flattens"? Chris says he's really like that. He remembers a time when he told him that he took his car to the garage and that the mechanic said it would be a "long 'un"... What's a long 'un?
Dave says he can remember how Thommo used to do tricks on "Top of the Pops" - without telling anyone before hand - and used to get upset when the camera crew missed them. He thought it was all captured through some magic process!
Mark in his flat. That was really filmed in his flat, but they didn't use his real mum because they were told they had to use actors.
Chris can remember being with Mike when they picked Mark up for the first time. He was the clean-cut, almost "mummy's boy" type; very different from the rest of the band.
It was Gary (the drummer at the time) who introduced Mark to the band. He lives in New York now but Mark still keeps in touch with him.
John Hasler and Suggs. Again it's acknowledged that if John hadn't been around, Madness wouldn't have happened. He took over singing from Suggs when he was kicked out, he brought in Gary Dovey to play drums and he kept everything going. Though they didn't show it in the film (because it would have made it so much longer) they did a few gigs with John singing. Suggs came along to them and it was clear that he was sorry and wanted to come back.
When John was on holiday, Mark arranged a gig; so Chris overrode Mike's authority and asked Suggs to come back.
Plastered. Chris loves this bit - very funny. He wishes the bit with them painting a window had made it into the film too (and I wish they had been able to put that bit on the DVD). He acknowledges that, as with their music videos, very little was left out and it was well edited.
Gary's last rehearsal. This bit is apparently typical of Thommo. He patches things up with Barso, comes back and gets rid of the drummer! Chris said that this part was annoying because the song had a great guitar solo in that he never got to play.
Chris points out that Gary wasn't very good at playing badly.
Back to night-time driving. Dave wishes they'd put lights inside the van so you could see what was going on better. Chris still says he prefers it as it is – it looks natural.
To get the shots that they did, the camera crew filmed from the back of a station wagon.
After the film was made, Barso said parts were a bit trite; like when they say they need a drummer and Mark pipes up saying "I know a drummer". But that was how it happened. Bedders already knew Woody, and that's how he came to be part of the band.
Woody joins the band. They start jazzing things up here. They speed up the bit where the band help Woody with his drums and set up.
When the song starts, this is the real beginning of Madness. This is the point where things really start to happen. Suggs comes back and now the line-up is complete (if you don't count Carl who returned later).
Chris laughs at Suggs "eating" the mic; he says he always used to do that. He points out that Suggs keeps looking into the camera when he's singing, because it was difficult not to after all the music videos they'd done.
The Acklam Hall. They wanted to film in the real Acklam Hall, but it had been burnt down. The skinheads were the real thing though.
Chalky and Chas were good at dealing with people like that. Chris says he remembers that when they played there, he went off to the loo and met someone who he took to be a mate of Suggs'. Naturally, he started chatting to him; which wasn't a good idea because he reacted by behaving in a threatening manner. He really wished Chas was there! They did make it out to be worse than it was for the film; just to make it more interesting.
Dave likes the bit with Barso dragging the rest of the band off to the dressing room before they start fighting the skinheads. Typical of Mike, that.
"In the Middle of the Night" - Suggs read something in the paper about a man who stole womens' underwear off lines and thought it would be a good, funny subject for a song.
After the performance. The real Clive Langer makes an appearance at this point to act out the first time he met the band. Woody's dad also makes a brief appearance to tell his son that he was marvellous.
Return of the skinheads. They point out that Suggs looks as if he's getting ready to run while the others are busy exchanging insults/threats with the skinheads.
Chris says that the idea behind Chas punching out the light was so that the violence was only suggested by sounds.
In reality, Chalky and Chas got left behind when the band made a run for it and managed to blend in somehow; but as the other band members made their escape a car backfired and Chalky said "they've got shooters!" - they really thought that they had guns for a moment.
Renaming the band. Chris says that this part could have been better; because someone suddenly shouts out that "let's call ourselves Madness" line while Mike argues and says he doesn't like it. Then they play their cover of "Madness" by Prince Buster.
This part was done in this way because they suddenly realised that up until this point in the film, the band was still called The Invaders and couldn't think of a better way of dealing with the name change.
It's very hard to get permission to film in places like Tube stations, so they just went in and did it. "Guerilla Filming" Dave calls it.
During the filming of this part, the band members really did get quite drunk... to the point where Suggs looks as if he's about to fall over, and Woody has to be helped out of the watering hole that they ended up in. But it was all good fun.
Mike and Chris. Barso gave Chrissy a lawnmower that didn't work; and then said that he couldn't hear much mowing going on. Chris says he thinks he really did have a hangover when they filmed that part, so he didn't have to try hard to act that. Dave laughs and says realism is great.
Mike owned one van and then Thommo "got hold of" another van (Chris has a feeling there was something dodgy about that somewhere along the line but he can't remember; Dave says there must have been if Lee was involved!). Thommo's van was used for the band's gear and Mike's was used for the band to travel in.
When Mike sprays his logo on the back of his van, he moans at Chris when the paint runs as if it's all his fault. Chris laughs and says that was quite typical of Barso.
Double booked. The "owners" of The Dublin Castle were in fact actors from The Abbey (a big Irish theatre).
Come The Nashville performance, they put in some slow-motion (and other) effects to make things look more professional.
The car chase (where they're speeding to The Dublin Castle) was all filmed out the back of a car without a license. The members of Madness weren't in the vans at this point because it was too dangerous - the vans were driven by stunt drivers.
Everyone in The Dublin Castle was getting very drunk while they "waited" for Madness. Meanwhile, the car chase continues. During the filming of this part, Dave broke his foot - he was on top a scaffold which fell over.
It's when the group arrives at The Dublin Castle that Carl rejoins the band. Chris says the reason they showed Lee phoning him about this gig was to show that he was still around. He remembers a gig in Aylesbury where Carl turned up when they were just about to start and came through the audience. It was at that point that they realised he should be member number seven.
One Step Beyond. Dave remembers hearing "One Step Beyond" when the band were playing at his wedding and knowing that that tune was something special. Then he had to fight them to make them record it - and when they finally did, they recorded it too short! Dave was really upset and annoyed. He got it edited, which Lee could never get his head around. He asked if he'd got another band in to record the extra bit!
Bed and Breakfast Man. This song was actually about John Hasler, because he'd turn up at people's houses at tea time, eat all their food and stay the night; so Gary Dovey called him "the bed and breakfast man". Chris still argues with Mike over the rights to the song, claiming that he wrote quite a few of the lyrics. Chrissy also used to sing the song in the early days, having taught Suggs to play the guitar chords.
Pathway Studios. They had to get a stunt biker to be Woody because the way he was cycling was too dangerous. Chrissy says he remembers Woody, on the way to the studio, saying "I know the way" and getting completely lost.
Chris admits that he used to smuggle bits of bacon and the like into Woody's salads because he was a vegetarian and was always just given a salad. Things are different today, but back then veggies weren't given much nourishment and Chris used to worry about Woody.
Returning to Pathway. They really did throw Woody in the back of the van the second time around, but they didn't tie him up.
Dave asks who it was atop the van.
"Suggs. He's such a..."
"A ham, isn't he?"
"He made a big dent in the roof!"
"What a yob!"
Present Day (1981). This part wasn't scripted. Dave just stuck the seven band members in a dressing room with a camera.
The part with Mike looking for his sunglasses when they're on his head is just him making fun of himself (which he does well). He was always putting his glasses down and losing them. Chrissy says that when they were all wearing the same suits, he put his trousers on and wondered why they were up around his ankles... not realising that he'd actually picked up Lee's trousers!
End credits. The film ends showing a few clips of music videos; to say that it was the end of the film but not their career.
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text:
The Expanding Commonalty
Allan de Waal, arkivet.thorvaldsensmuseum.dk, 1998
This is a re-publication of the article:
Allan de Waal: 'The Expanding Commonalty. Thorvaldsens Museum as a Focal Point for a Panorama of Copenhagen's Monumental Buildings', in: Meddelelser fra Thorvaldsens Museum (Communications from the Thorvaldsens Museum) p. 1998, p. 8-16.
For a presentation of the article in its original appearance in Danish, please see this facsimile scan.
Like public buildings of the time in other Europe- an cities, the monumental buildings in Copenhag- en from the second half of the 19th century were, semiotically speaking, determined by the political transition from monarchical rule to democracy.
Royal and imperial collections were made available to the public in new, free-standing buildings erected away from the medieval city centre.
In addition to being an architecturally unique building partly connected to the site on which the old Copenhagen Castle stood, Thorvaldsens Museum is a remarkable example of a building form midway between the classical and the modern:
-It has something of the quality of a ruin in the untreated exposition of its walls with their deep holes and niches.
-The columned facade encapsulated in a monumental end wall invites the public inside.
-In its entire architectural concept it is a cross between a studio and a mausoleum, almost monastic in the solution to the plan arrangement, with the Christ Hall, cells and the entrance hall's refectory (as the Danish art historian Vilhelm Wanscher already pointed out early in the century).
Whereas public hospitals, prisons and schools have later had a social objective, Thorvaldsens Museum was conceived with a cultural and educative aim, seeking individualisation and idealization rather than having an enforced civilising role as had been the case in the hierarchical buildings of earlier periods.
Last updated 11.05.2017
Thorvaldsen's seal
The Thorvaldsens Museum Archives
is a Documentation and Research Centre on the life, work and context of Bertel Thorvaldsen.
The Archives is presently holding 10178 documents from, to and about the sculptor.
They are the primary written sources to our knowledge on the activities of Thorvaldsen.

redpajama_set_name: RedPajamaCommonCrawl


text:
SKILLS AND DEVELOPMENT
THE INNOVATION HUB CELEBRATES GRADUATION OF 18 ENTREPRENEURS
By Press Release 26 June 2019 | Categories: Skills and Development
Winners of the Digital Lab Africa Pitch Competitio...
CoGrammar launches tuition-free tech job-focused C...
Microsoft leading girls towards AI
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An analytics translator software developer, a career guidance technology tool, a gaming studio and a private tutoring agency were just some of the ideas or companies that formed part of the 18 graduates in The Innovation Hub's (TIH's) 2018/19 Business Incubation programmes.
The Innovation Hub proactively supports entrepreneurs with innovations that address social and environmental challenges faced by Gauteng, as well as those that enhance the competitiveness of local industries. Through the Business Incubation programmes, TIH provides an enabling environment that supports entrepreneurs by providing mentoring and support to ensure business growth and sustainability of their businesses.
It is these diverse and innovative ideas that will have relevance and global impact for South Africa, TIH non-executive director and Future Africa project manager Dr Xolile Mlonyeni told the graduates at the ceremony held in Lynnwood, Pretoria. He noted that with South Africa ranking second lowest in the 2018 World Economic Forum's Global Competitiveness Report, it highlighted the importance of having an ecosystem that fosters innovation capability.
"In both the developed and developing world, entrepreneurship is regarded as an important tool for economic development, because of the positive contribution it makes in creating jobs and [and contributes] to the growth of a country," he added.
A prerequisite for the graduation from the programme is based on the growth the start-up has enabled in job creation, commercialization, growth in income and overall business management - important requirements for keeping start-ups sustainable once they have exited the incubation programmes. "You are the future, you have dared to dream. Pursue this dream and commit to succeed. I am confident that these graduates have built into their business the characteristics of adaptability, resilience, risk tolerance and social consciousness.
"The opportunity is ripe for the businesses that emerge from The Innovation Hub's business incubation programme to participate and, more importantly, to contribute in addressing the triple challenges of unemployment, poverty and inequality facing the country," Mlonyeni added.
After graduation, the start-ups, incubated at Maxum Smart (ICT, Advanced manufacturing, Media and Digital), Climate Innovation Centre South Africa (Waste, Water and Energy) and BioPark@Gauteng (Health and AgroProcessing) Business incubation programmes, are invited to join The Innovation Hub's Alumni programme, which would provide for business support services through a 12-month pre-commercial programme or a 36-month post commercialisation programme.
Amongst the list of graduates was Technovera, which through the Maxum Smart hub, has employed seven people and grew its turnover to R2-million. Under the guidance of its founder, Neo Hutiri, Technovera has developed the Pelebox smart lockers, which allows people with chronic conditions to collect their repeat medication quick and efficiently, and removes the need for waiting hours queuing at public clinics, improving service delivery.
The Innovation Hub


The Baltica 2019 International Folklore Festival will take place in Estonia 29.05 – 02.06.2019.
This year's Baltica focuses on three themes – local specialities, festivities and language.
Baltica's main concert will take place on the evening of May 31st in Tallinn Town Hall Square and from May 31 to June 2, a traditional village will be set up and concerts will take place on Towers' Square (Tornide väljak), as part of Tallinn's Old Town Days.
On June 1, the Baltica Folklore Festival will visit Põlva Days, the Sõmeru Rural Life Festival and Vinni Parish Days.
The Baltica International Folklore Festival is part of the global folklore movement. Baltica is the only festival in the world that takes place every year in different countries. Estonia-Latvia-Lithuania's largest joint cultural project started in 1987 and takes place in turn in all tree Baltic countries. The first festival was held in Lithuania in 1987, the second in 1988 in Latvia and the third in 1989 in Estonia.
Baltica is the only folklore festival that focuses on historical forms of folklore, highlighting the rich, un-stylized and naturally evolved forms and values of our rich heritage that they carry. Baltica's feature is authentic content, the bringing together of different forms of tradition (song, dance, musical instruments, customs, etc.) and the involvement of folklore groups and individual performers across Estonia.
Baltica festivals take place under the auspices of CIOFF® and always attract foreign visitors from the Baltic countries. as well as more distant countries.
To value a genuine heritage party and share good experiences with more and more people.
Baltica's vision is to be a sustainable, international folklore festival, which maintains its values, is held every three years in Estonia, bringing together carriers of traditional folkloric culture, enthusiasts and lovers of culture from across Estonia, as well as guests from neighboring countries and further afield, to celebrate and develop different topics that are important to Estonian traditional culture.
Baltica's objectives support the UNESCO Convention Concerning the Protection of World Cultural and Natural Heritage and the objectives of the UNESCO Convention on the Protection and Promotion of the Diversity of Cultural Expressions.


The Badminton Federation of Nigeria (BFN) says it will ensure Nigerian umpires are recognised by the world body especially in the officiating of international competitions.
NFN's President, Francis Orbih told newsmen in Abuja yesterday that the federation had started the move with the umpires' course held at the National Stadium, Abuja.
Orbih said the course which held between July 2 and July 5 for 67 umpires was designed to expose them to the latest developments in the game.
He said the course was also organised to build the capacity of the match officials and prepare them for international assignments.
"I can tell you that for any championship, if the standard of officiating is poor, it can mar the game. We feel that our umpires should be grounded in the rules and technicalities of the game.
"As we are today in Nigeria, we do not have one single referee in Africa; there is no Nigerian referee recognised by the world body.
"So, we think and feel strongly that with the level the game has reached in Nigeria, we should have our umpires participating in international competitions.
"It is not only our athletes that should be excelling at international events, our umpires should excel too; we want a situation where other African countries will come to Nigeria and employ coaches.
"We want to train our coaches and umpires to that level. We want to have as many referees as possible recognised and invited by the world body to officiate matches," Orbih said.
According to Orbih, the umpires' course will make more meaning to the federation when the match officials are invited to officiate at the highest level.
He said: "When you have people at that highest level it means that there is no aspect of the game that they do not know.
"But first and foremost, we want to make sure that we organise national championships for them before we begin to look at sending them on international training.
"It is the number of games an umpire officiated that add up to qualify him or her to be invited for African championships.
"When I addressed the umpires during this course, I told them that if they do not have competitions where they will go and practice what they have learnt, then, we have wasted our time.


text:
Price is no cause for celebration
The information presented on this page was originally released on June 7, 2002. It may not be outdated, but please search our site for more current information. If you plan to quote or reference this information in a publication, please check with the Extension specialist or author before proceeding.
Ms. Bonnie A. Coblentz
MSU Extension Service
MISSISSIPPI STATE -- With prices about 25 percent lower than they were last year, dairy farmers are having a difficult time making a profit, but they will soon get government assistance.
Bill Herndon, agricultural economist with Mississippi State University's Extension Service, said prices are as bad now as they were in 2000, which was a very tough year for the dairy industry.
"Some good managers have a debt load such that they can still make a profit at these prices, but the majority of dairy farmers are experiencing losses this summer," Herndon said. "I expect we'll lose some dairies in Mississippi again this year."
Herndon said the drop in price was caused by a strong surge in milk production at the end of last year caused by "very high" milk prices in 2001.
"Farmers geared up to increase production because they were receiving higher prices, but the pendulum has swung the other way," Herndon said.
Milk production increased 3 to 4 percent in the first half of 2002. Because milk is a perishable commodity and cows must be milked regardless of market factors, this increase has upset the critical balance between supply and demand and caused prices to plummet.
Herndon said last year's terrorist attacks contributed to a reduced demand for dairy products.
"With 9/11, people stopped eating out as much as before, and we don't eat as much dairy products at home as we do when we eat out," Herndon said. "Restaurants are responsible for about one-third of all the cheese consumed in the United States.
"When they saw a downturn in the number of people coming in and eating in their restaurants, they stopped buying as much dairy products. The reduced demand wasn't replaced by people eating more dairy products at home," Herndon said.
But the good news is that dairy farmers will be receiving support payments to help them through the low prices. The new Farm Bill, which President George Bush signed in May, established the first ever counter-cyclical payment program for the dairy industry.
"Dairy farmers are going to get a support payment when the Class 1 (bottled) milk price in Boston falls below $16.94 per hundredweight," Herndon said. "It's going to help farmers in tough times, and especially in 2002."
While the payments will not keep dairies in business in the long run, it will be a short-term help. Herndon said the sign-up period for this program likely will be in July, with the first checks arriving in September or October.
Released: June 7, 2002
Dr. Amanda Elizabeth Stone
High costs and low prices stress state dairy industry
USDA starts sign-up for second round of aid Sept. 21
MSU experts gather research, educational needs from producers
MSU Extension hosts Breakfast on the Farm
Support dairy farmers by buying their products
Methods for Disbudding Dairy Calves
Publication Number: P3814-3
2022 Mississippi State Fair and 2023 Dixie National Junior Round-Up: Dairy Cattle Division
Publication Number: 5885-C
Free Stall Housing Layout, 77 Head
Publication Number: 6039
Free Stall Barn
The Buddy System: Pair Housing Dairy Calves to Improve Production, Function, and Developmental Potential
http://extension.msstate.edu/news/feature-story/2002/price-no-cause-for-celebration


The Chair of the GippsTAFE Board of Directors, David Gittins, is one of a number of Victorian TAFE board chairs set to be replaced in coming weeks.
The State Government announced late last week that board chairs at several Victorian TAFEs, including Chisolm, Holmesglen, SuniTAFE and GippsTAFE would be replaced.
It says the changes will provide the TAFE boards with a more commercial focus.
The Chair of the Board of Directors at GippsTAFE, David Gittins will be replaced, however he denies that he has been forced into retiring from his role.
"I'd had a discussion privately with Peter Hall three weeks ago and we discussed the future of the TAFE and I agreed at that stage that I would stand down," he says.
Mr. Gittins says the new commercial focus of the boards will place TAFE institutions on a level playing field with independent providers.
"We would need to be selling our fee-for-service to businesses more so than just delivering apprenticeships and diplomas," he says.
David Gittins has served on the Board of Directors at GippsTAFE for 12 years and been Chairperson for the last six years.
He will remain in the role of Chairperson until a new TAFE governance model is implemented.
The board is no longer responsible for the appointment of a chairperson, after legislation changes passed last year handed the responsibility for the hiring and firing of board chairs over to the Skills Minister.
Mr. Gittins rejected the notion that board chairs who were vocal about funding cuts to the sector were targeted by the State Government.
"I don't believe that there were any board members or chairmen that weren't vocal to the Minister about the TAFE funding cuts because it all happened very quickly to us and we only had a period of about six months to completely adjust," he says.
Mr. Gittins will continue in his role as a member of the Board of Directors at GippsTAFE when he retires from the role of Chairperson.
He will also stay on in his role as a member of the Gippsland Tertiary Education Council.
Chair of the GippsTAFE Board of Directors, David Gittins says he was not sacked from his role.


Typically financial advisors will begin with a multiple-part "Risk Questionnaire". Then with the results of this questionnaire, they will place their clients into one of four to six canned risk models. The most common model is a "Balanced" or "Moderate" model for investors with average risk tolerance. We must ask ourselves: How has this process worked out?
A quick review of the Morningstar mutual funds "Moderate" category shows returns for the 12 months ending October 1, 2013 varying all the way from #31.16% to -1.27%.
Isn't it interesting that fund managers who outwardly fit in the same "moderate" risk category could have such a wide variance of returns during the same time period. This broad approach to managing risk and return is obviously no longer adequate. Our economic world has evolved – dramatically – during the past decade or so. It now takes a much more sophisticated approach to successfully meet one's investment expectations.
Rather than an asset mix dictating how much volatility an investor incurs without any bounds, our approach begins with determining an investor's Market Movement NumberTM and an agreed upon acceptable range of volatility going forward.
By tailoring the portfolio to each investors unique Market Movement NumberTM, we have better control over the investor experience and are able to set clear expectations.
Hillspring Financial is allied with a highly sophisticated research team; "Market Movement Solutions". Together with their innovative research capabilities and our investment management experience, we have developed a special proprietary process. With this refined process we are able to design each client's portfolio with precise volatility measurements. This capability allows us to provide the much-needed confidence that expectations may be more closely met in a given economic environment.
This is an exciting breakthrough we are anxious to show you. Give us a call and we'll review the details on how it could work for you.
To Learn more – click HERE for a more detailed and expanded PDF Version of this information you can view or print.
An additional slide presentation PDF can be viewed or printed HERE..


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Local Auckland florist can deliver to Birkenhead and the following suburbs.


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There are two choirs at FER: Women's vocal ensemble Resonance, established in 2011, and the Academic Male Choir, established in 2016. Both choirs are achieving outstanding results in the relevant competitions.
Women's vocal ensemble Resonance was established at the Faculty of Electrical Engineering and Computing in 2011, at it is made up exclusively of former and current FER students.
Resonance Choir stands out in the University music scene with its particular musical expression – their repertoire includes a cappella covers of popular Croatian and foreign songs of different genres, and every arrangement is exclusively written for the Choir by Iva Jarić, Choir leader.
Choir's value has been recognized in many performances at FER events, but also outside of Faculty – Resonance performed at this year's Advent in Zagreb, on Ban Jelačić Square, and at the Golden Index award ceremony. The Choir has been recognized on the University music scene in the last few years and it participated in the University of Zagreb Festival of Choirs – Festa Choralis. With the support of FER Dean, Mislav Grgić, Resonance holds annual gala concerts for a full Auditorium Maximum hall at FER, and the Choir's performances were praised by professional critics at 38th Meeting of Zagreb's Music Amateurs in May 2015.
At the 13th Choir Competition, held in April 2016, the Choir was awarded the Bronze Plaque in the category of Small vocal ensembles, and since May 2016, the Resonance has become a regular part of the Sax programme - Croatian Musicians' Club.
Academic Male Choir FER
The Choir was established in January 2016 – the first rehearsal was held on January 18, 2016.
Members of the Choir are current and former FER students and employees, but also interested friends and Faculty supporters.
—FER Academic Male Choir emphasizes in its repertoire classical choral literature, primarily by Croatian composers. The repertoire also includes a cappella compositions of the classical repertoire, from Renaissance to contemporary music, as well as harmony singing compositions and compositions of contemporary or popular polyphony.
Choir Prefect is professor Mislav Grgić, Ph.D., full professor at the FER Department of Telecommunications, and the Choir conductor is Mo. Josip degl' Ivellio, conducter, choirmaster and composer from Zagreb.
The choir holds regular weekly rehearsals - every Tuesday at 17:00 in room B5.
Choir web page


Earlier this season, Patriots QB Tom Brady and former Patriot Randy Moss got into an altercation that required them to be separated – before Moss was traded, according to Charley Casserly of CBS Sports.
According to his report, Brady and Moss got into an argument and Brady told Moss to shave his beard – after which – Moss told Brady to cut his hair because it made him look like a girl. The two then had to be separated.


My Book: "Pardon My Spanglish"
My Fellow Republicans - 47% Hilarious!
Great show last Saturday! Your timing was impeccable! - Paul C.
I simply want to let you know that I am new to website and definitely liked this blog web site.


One of Iceland's most successful, upscale, outdoor clothing companies, 66° North is premiering a new line in collaboration with designer Hildur Yeoman today. The line is inspired by the ocean. This is very fitting as the 66° North started out producing protective garment for sailors when it was founded in back 1926, and still does, even though their biggest brand today is a lot more fashionable.
Designer Hildur Yeoman also has a strong connection to the ocean, it's visible in much of her design in one way or another.
Yeoman is known for using print in her design, this project is no exception. The wave pattern she created for the project references drawings of the ocean she as previously worked with in an art project created on a wall. "I wanted to work with the ocean drawings further, and implement it in a knitting pattern," she says.
Yeoman is one of Iceland's hottest designers right now. She has designed for the Icelandic international music icon, Björk, and just opened a new boutiqe in Reykjavik centre.


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Hawaii News | Newswatch
Owl found on North Shore put to sleep
DLNR
The pueo, a 7-year-old female named Sunshine, spent several weeks in Aloha Animal Hospital, then was sent for rehabilitation at the Hawaii Wildlife Center in Kapaau, Hawaii island, the state Department of Land and Natural Resources said Sunday.
An endangered Hawaiian owl was euthanized after it was found last month on the North Shore with a broken wing. Read more
An endangered Hawaiian owl was euthanized after it was found last month on the North Shore with a broken wing.
But the bird continued to suffer and so was euthanized over the weekend, the department said.
"After the rehab experts at the wildlife center thoroughly evaluated Sunshine's broken wing, it was determined the bird could not be released back into the wild and that it would likely require pain medication for the rest of its life," said Afsheen Siddiqi, a biologist with the Division of Forestry and Wildlife, in a statement.
Pueos are listed by DLNR as endangered on Oahu though not on the neighbor islands.
The department plans to initiate a population study of pueo later this year on Oahu to get a better idea of their numbers, range and available habitat.
2 police officers promoted by Garden Isle department
LIHUE >> Two veteran police officers received promotions last week.
Bryson Ponce of the Kauai Police Department was promoted from captain to assistant chief overseeing the Investigative Services Bureau.
Ponce, born on Kauai, attended Damien Memorial High School on Oahu before receiving his associate's degree in liberal arts from Kauai Community College.
An 18-year KPD veteran, Ponce is a graduate of the FBI National Academy in Quantico, Va. In the fall he was one of 222 law enforcement officers from 48 states who undertook 11 weeks of advanced communication, leadership and fitness training for selected officers with proven records within their respective agencies.
James Miller was promoted from sergeant to lieutenant. Miller was born on Oahu and raised on Kauai, graduated from Kauai High School and earned an associate's degree from KCC.
Miller is also an 18-year veteran, serving in the Patrol Services Bureau, Traffic Safety Section, Investigative Services Bureau and the Office of Professional Standards. He has been named Officer of the Month five times.
HAWAII ISLAND
3 elevated to rank of captain by the Hawaii County Police
The Hawaii County Police Department soon will have three new captains.
Gilbert Gaspar will take charge of Kona patrol units, the department announced Friday. He joined the department in July 1982 and has spent the bulk of his career working in West Hawaii. Since July 2008 he has been the lieutenant in charge of the Area II Juvenile Aid Section.
Gregory Esteban is the new captain in charge of South Hilo patrol units. Esteban joined the department in June 1985 and was promoted to detective in 1999. In 2007 he was promoted to lieutenant and assigned first to South Hilo Patrol and then to the Area I Criminal Investigations section.
Kenneth Quiocho, who joined the department in August 1992, will be captain of the Kau District.
The promotions take effect Wednesday.
Cooling schools: AC installation goal only partially reached
Missile defense site might harness sun


A new boolean operation for paths that inputs a set of closed loop paths that overlap, and outputs new closed loop paths for each subset.
Given three overlapping circles (A, B, C, arranged in celtic knot style), outputs 7 new paths for each area of overlap.
If given 4 circles where any given circle only overlaps two of its neighbors, it outputs 8 subsets (4 areas where 2 of the original circles intersect, 4 areas where the original circles did not overlap with anything).
I don't know how else to describe it, but the same operation is available through Microsoft Visio (Developer Options >Shape Design > Operations > Fragment).
Although the same effect can be achieved in Inkscape by doing duplicates of the shapes, and performing multiple intersections and exclusions, it would be much nicer to have the option to do it in one click and then choose what to do with each path.


Today is February the 14th, Valentines Day, all over the world and there is a plethora of love themed recipes emerging all over the blogosphere and social networking sites, mostly in the shape of hearts and cupids. I shall do no such thing today I assure you. I am as sentimental and romantic as the next person but I'm not clichéd. I think it comes from having been a wedding photographer in my twenties at several hundred weddings. There are only so many fluffy white dresses, tacky cake toppers and bridal waltzes shuffled to in a cloud of dry-ice accompanied by "Everything I Do" that I can take before I seriously consider taking up a new career as a windscreen washer on an inner-city Sydney street corner screeching "fifty cents an' I'll clean ya win-screen!!" whilst wielding a squeegee and spray bottle, dressed in filthy clothes and hurling abuse at those who refuse me. Trust me on this, they'll drive you to it.
So I decided to write about figs instead of heart-shaped cupcakes or chocolate bonbons (maybe next year). And you ask why pick figs? Well for starters it's fig season here in Australia and I walk past a fig tree most days when I walk my young son to preschool. I live on a street in an area with lots of Italians and in most front yards there is a veritable market garden growing. Tomatoes, grapes, olives, avocadoes and figs to name just a few of the things I see.
The other reason I would like to discuss figs is because they are so sensual, a fitting fruit to discuss on Valentines Day as there will probably be a lot of hopeful individuals suggesting coffee at their place tonight after a romantic evening with a set-menu dinner in a restaurant full of tables set for two. Regarding the fig however, there are theologians who claim that it was this particular fruit, not the famous apple, which in fact tempted Eve in the Garden Of Eden. Some even say that the broken-apart fig resembles the more private area of er, a female's anatomy. Furthermore there are historical legends that claim that the fig is an aphrodisiac. (At this point I can't help but imagine a toga-clad Caesar-esque Roman emperor staring at his lover with lust-filled eyes across a lavish banquet table as he voraciously chomps into a fig.) Perhaps the reason for this claim is because figs contain both potassium and iron, two nutrients essential to sexual health. Food for thought huh? Anyhow, enough about private parts, lusty Romans and the condemnation of women by God, and more about the recipe.
As I am somewhat obsessed with the flavours of the former Ottoman Empire (thanks to renowned Bulgarian-born London chef Silvena Rowe who went into detail on this subject for me some years ago whilst we were working on a project together overseas. If you are not familiar with her work do look her up, she is a truly amazing cook). Ottoman cuisine in particular I find very sensual with its use of aromatic spices, floral waters and fruit and is reflected in the food of Turkey, the Balkans, parts of Russia and the Middle East. So I decided to create a Valentine's recipe with these flavours to celebrate romance in a less predictable manner (than the aforementioned heart-shaped cupcake). Baked Figs With Rosewater Yoghurt and Candied Walnuts are a mélange (gosh I love that word) of romantic sensual flavours and textures perfect for sharing with a sweetie, or enjoying on your own. After all, who said Valentines Day can only be enjoyed as a couple? Besides, there'll be more figs for you, so happy Valentine's Day.
Serves 4 as a light dessert. Prep time approx 30 mins, cooking time approx 30 mins.
1. Preheat oven to 180˚C (approx 350˚F). Place the figs cut side up on a baking tray, drizzle with honey, sprinkle with the ground cloves and bake for twenty minutes. The figs will have softened slightly but will still retain their juicy freshness. Set aside.
2. Whisk the strained yoghurt with the honey, rosewater and cinnamon. Set aside.
3. Place a non-stick pan over medium heat (I use Neoflam) and once pan is hot, melt the butter until it just starts to slightly caramelize, then add the sugar and honey stirring constantly. Once dissolved add the walnuts and stir to coat evenly. Turn off the heat, stir a little more then tip out the candied nuts onto a metal tray lined with non-stick baking paper to cool. I spread them out so they don't cool in a big clump.
4. Arrange the figs on a platter, spoon the yoghurt over and scatter the nuts over the fruit. If desired sprinkle a little more cinnamon over the entire platter.
It was dark, romantic and moody all the way, like the fruit itself, to create this shoot. The vintage baking tray was a wonderful find in a country NSW op-shop. The vintage green Pyrex bowl, dessert forks, bread board and antique tea cup were all found in local op-shops. The cast iron fry pan and tea strainer were picked up off the street in council hard rubbish collections. The background surface is stained recycled fence palings banged together by my neighbour Jamie who is as mad about upcycling hard rubbish as I am. The only light used in this image is window light.
gorgeous! I love candied nuts, figs and yogurt so putting them all together for this elegant snack is very appealing! I've seen recipes requiring rose water and never knew where to pick it up. Now I know!
love the overhead shots and this recipe! Will follow this blog.


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Smartest guys in the room book
Date published Saturday, August 17, 2019
The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron is a book by Bethany McLean and Peter Elkind, first published in by. There were dozens of books about Watergate, but only All the President's Men gave readers the full story, with all the drama and nuance and exclusive reporting . The Smartest Guys in the Room book. Read reviews from the world's largest community for readers. There were dozens of books about Watergate, but only.
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Praise. "The best book about the Enron debacle to date." —BusinessWeek "The authors write with power and finesse. Their prose is effortless, like a sprinter. Drawing on a wide range of unique sources, the book follows Enron's rise from Smartest Guys in the Room is a story of greed, arrogance, and deceit-a. Read the definitive Enron book about Enron's downfall. Book summary of the Smartest Guys in the Room, by Bethany McLean. Download PDF.
As Charlie Munger would put it , when multiple conditions mutually reinforce each other and create positive feedback loops, a massively outsized result — a lollapalooza — can happen. These are also the warning signs you can use to detect unstable situations and desist from bad behavior. Accounting practices that disguised the fundamentals The root of Enron has to be the accounting tactics that enabled deception. They let Enron book more revenue than they actually earned; keep losses and debt off balance sheets. If these were disallowed, the money-losing state of Enron would have been apparent far sooner. Mark-to-market accounting allowed booking the total value of a deal immediately, rather than spaced out over time. Complicated SPE deals allowed Enron to borrow money while keeping it off their balance sheet One-time asset sales were booked as recurring revenue Deals that were actually dead were fictitiously kept alive to avoid a writedown that quarter All this structure became so convoluted that no one totaled up the big picture. You may eventually deceive even yourself on the true fundamental strength of the situation. Poorly constructed compensation structures that rewarded unprofitable behavior Extending the mark-to-market scheme, deal makers were given bonuses for the deal value when it closed, not on the generation of actual cashflow. With optimistic projections, deal makers got paid for bad unprofitable deals. Employees got bonuses for short-term stock prices, thus incenting bad behavior to prop up stock price.
The Smartest Guys in the Room: As Charlie Munger would put it , when multiple conditions mutually reinforce each other and create positive feedback loops, a massively outsized result — a lollapalooza — can happen.
These are also the warning signs you can use to detect unstable situations and desist from bad behavior. The Smartest Guys in the Room chronicles the history of Enron, from beginning to end.
Note how it began with good intentions and a believable vision, then became corrupted by deceptive accounting and a focus on short-term stock prices. In , the rise of Andy Fastow to CFO brought complicated structured-finance deals that gave Enron cash that could be kept off the books. All these machinations were meant as temporary measures while Enron bet big on its next two major businesses.
LJM would fund the acquisition by taking out loans of its own, but the lenders would require Enron stock as collateral, which worked as long as the stock remained high. So, in reality, Enron was on the hook for the loan, but it wasn't required to report this inconvenience on the balance sheet. LJM would receive hefty fees from Enron in exchange for removing the debt or adding additional earnings as needed.
The Board did so because it helped the stock and presumably their wallets if they were compensated in stock while Andersen received tens of millions of dollars from Enron for their consulting services on various accounting transactions or issues.
The investment banks, the law firms, and Arthur Andersen all got their bread buttered by Enron. They had conflicts of interest and were unwilling to question the suspect, sketchy, and then illegal machinations of Enron's executives. In the end, Enron's games with SPE's and accounting manipulations faltered when the tech bubble burst and dragged down the entire market.
In desperation, Enron tried to contradict their own very narrow interpretation of the accounting rules governing the reporting of earnings and debt, but Andersen finally decided floating interpretations were untenable. This forced Enron to restate prior periods and miss their earnings target, subsequently triggering a massive sell-off, the unwinding of all the SPE's that were backed by Enron stock, a downgrading of their credit rating, a requirement to post cash collateral that they didn't have for all trades, the loss of liquidity, and ultimately the failure of the company.
It went bankrupt, but not before Lay, Fastow, Lou Pai, Glisan, Kopper, and other high-ranking execs walked away with tens of millions of dollars from cashing out their Enron shares. Many lower-ranked Enron employees lost their retirements because they were forbidden from selling shares while the company changed retirement plan administrators. No one ever took the blame.
The Smartest Guys in the Room
Clearly, they are all partially responsible. Lay and Skilling must have known enough that ignorance is not a viable defense in this scenario. The accounting and law firms needed to segregate duties to avoid conflicts of interest.
The Board is rewarded handsomely for staying on top of these issues, and they fell asleep at the wheel. The accountants like Fastow and Glisan in the trenches must know the difference between following the letter of the law and the spirit.
The bottom line is that no one asked, "Is this right? All of them were convicted and sentenced to varying lengths of time in prison.
I like the comedian Lewis Black's law: "If you have a company, and it can't explain in one sentence WorldCom was actually a bigger bankruptcy than Enron. The management pressure, accounting manipulations, and failure of Fannie Mae under Franklin Raines, now advisor to President Obama, strike me as eerily similar to Enron's story.
And there were just so many thoroughly unlikable Enronians it felt at times like the authors were piling on just to raise the hate level. Enron is such a deep and complicated story I think a book written many years after its collapse would do a better job than one written soon after i. Dec 23, Jowanza Joseph rated it it was amazing Shelves: I never thought accounting would provide so much entertainment.
Since I knew little of exactly what occurred with Enron I wanted to give this a shot and it did not disappoint. View 2 comments. Sep 08, Rishi Prakash rated it it was amazing. I had read about the scandalous fall of Enron while studying in graduation but it was just a news for me that time which was like any other news in the business page. It was much later that I started seeing the refernce of Enron in various corporate stories while reading and that is how my curiousity started building.
And i must confess I would have never ever understood the significance of the entire Enron story if not for this great book. Enron has gone on to become a master case study to set I had read about the scandalous fall of Enron while studying in graduation but it was just a news for me that time which was like any other news in the business page. Enron has gone on to become a master case study to set and define various corporate rules in USA and is still the 6th largest bankruptcy ever filed in the corporate history.
Enron also led to the demise of one of the oldest and reputed Consultancy firm- Arthur Andersen which was formed in and was one of the "Big Five" accounting firms till when it had to surrender the license in the aftermatch of this huge scandal.
A new verb, "Enron-ed" was coined by John M. From a high of 28, employees in the US and 85, worldwide, the firm is now down to around , based primarily in Chicago. Most of their attention is on handling the lawsuits and presiding over the orderly dissolution of the company which happened because of this one single account which they had held for almost 15 years. This story is much more than the gigantic fall of a huge huge company; it is a story of human greed and weakness; rampant self-delusion and breathtaking risks being taken by a group of smart people who always believed that their next gamble would cover their last disaster as they are the smartest bunch working together till the very last day!
View all 6 comments. Aug 20, Owen Tuleja rated it really liked it. The Smartest Guys in the Room is a very well researched and exhaustive account haha, see what I did there? The book does a very good job of explaining the history of the company, Ken Lay's involvement in it, and his mentality and motivations.
I did find that the middle of the book dragged on a little too much; after pages of examples of different special purpose entities designed to hide Enron's debt, I didn't need another example. I also found that too many different characters were given attention, which diverted the narrative from its key points and was confusing. In fact, the beginning of the book lists about 4 pages of people and what their roles were: However, I do think that some of the complexity in the narration was inevitable and accurately reflected the many people who played roles in this drama.
As the book moved to its latter stages, I could not put it down until I saw what the conclusion would be, despite already knowing what happened, more or less. Ultimately, the key men at Enron got so engrossed in company culture, became slaves to earnings, and lost all moral bearings.
In the end I couldn't help but feel a little bit sorry for them. I'm sure none of them set out to be criminals, and no one person was responsible for the shift from legitimate company to fraudsters. Ken Lay in particular came off as a guy who might have legitimately been unaware of most of the illegal dealings happening under him. The CFOs and accountants, however, cannot make that excuse. Overall, this is a very good case study of corporate fraud, set against the background of irrational exuberance in the late 90s.
Mar 24, Mathias rated it really liked it Shelves: Another excellent work that provides insight into how financial incentive regimes Regulations, Markets, Competitor Behavior influence the actions of micro-players CEO's, divisional managers, etc in the business world.
Enron's collapse is a case study of what can go wrong in an economic system that lacks adequate checks and balances coupled with the increasing disempowerment of other important economic actors labor unions etc. Unfortunately whatever lessons have been learned from Enron have y Another excellent work that provides insight into how financial incentive regimes Regulations, Markets, Competitor Behavior influence the actions of micro-players CEO's, divisional managers, etc in the business world.
Unfortunately whatever lessons have been learned from Enron have yet to materialize into a meaningful change in business practices I understand opponents of Sarbanes-Oxly may disagree.
I attribute this to the voyeuristic nature of contemporary Western society where the collapse of Enron is viewed more as reality TV Girls of Enron in Playboy etc rather than an opportunity to reflect on business practices that threaten the health of the international economy.
Readers will also benefit by the simple explanations offered for complex financial schemes such as the monetization of assets, securitization etc. One of my favorite paragraphs so far: Fortunately, there are specific accounting rules for what constitutes a duck: So you take the dog and paint its feet yellow and its fur white and you paste an orange plastic beak on its nose, and then you say to your accountants, 'This is a duck! Don't you agree that it's a duck?
Detailed history of Enron from its foundation to collapse, with particular attention paid to the critical characters Ken Lay, Jeffrey Skilling, Andrew Fastow, etc. Interesting if you think fall of Enron is an interesting subject I do, but don't blame you if you don't. My biggest takeaway was the question of whether getting "the smartest guys" all together in a room will lead to good results, since it was clearly such a catastrophe in this case.
And, if getting the smartest guys together in a Detailed history of Enron from its foundation to collapse, with particular attention paid to the critical characters Ken Lay, Jeffrey Skilling, Andrew Fastow, etc. And, if getting the smartest guys together in a room isn't the answer, how else should we run corporations and governments and other big organizations?
Same theme, different time period and sphere, possibly even worse outcome than Enron, in the grand scheme of things. The down side of the level of research and detail is that the book gets a bit long. Apr 15, Ben rated it it was amazing Shelves: I enjoyed the documentary based on this book when it came out a few years ago and the book is fantastic as well.
The book goes into a lot of detail about the chaotic profit-obsessed groundwork that led to the eventual scandals at the company. For example, years before their bankruptcy, Enron became so enamored with hotshots from Ivy League schools that they started ONLY hiring hotshot Ivy Leaguers who wanted to close big deals but had no interest in doing the grunt work necessary to make those d I enjoyed the documentary based on this book when it came out a few years ago and the book is fantastic as well.
For example, years before their bankruptcy, Enron became so enamored with hotshots from Ivy League schools that they started ONLY hiring hotshot Ivy Leaguers who wanted to close big deals but had no interest in doing the grunt work necessary to make those deals work once they were signed.
This led to a huge amount of pressure to close deals and to nab the bonuses without doing the due diligence about what the long-term workload would be and how that would impact the company. I will say that the "scandals" don't come across as juicy in the book as they did onscreen. Sure, the executives hung out at strip clubs, and there's a funny part about using corporate cards at such establishments, but that was more a symptom of the macho culture and not spending that doomed the company.
What actually happened is an accounting scandal where the company hid losses with accounting tricks and inflated profits at the same time. It wasn't executives showing up to meetings high on coke while getting extorted by strippers - so unless spreadsheets get you all hot and bothered, it is a pretty granular takedown of a dysfunctional corporate culture that may feel a bit tedious if you're looking for outrageous personal behavior.
The authors do a nice job of fleshing out all the characters - the PR-obsessed Ken Lay, the bitter and personally ambitious Andrew Fastow, and the arrogant Wall Street darling Jeff Skilling. One thing that consistently cracked me up was the snotty know-it-all tone of the writing - it was fun to join the authors in casting judgement on the idiocy of senior executives of a massively successful company even when I, as the reader, had only a dim idea what they were doing wrong.
As the reader, you get to tut-tut and say to yourself, "Skilling wants to use mark-to-market accounting for energy deals!? What a buffoon! Another personal highlight was understanding how short sales work for roughly ten minutes.
I would recommend this book to anyone interested in company dynamics and corporate culture, not just people that love scandals. Overall, great book. Jul 10, George rated it it was amazing. This book is a must for just about everyone. It reads like a novel, but unfortunately its all non- fiction. This book proves that truth is sometimes stranger than fiction. For anyone who has an interest in protecting your wealth and hard earned money, this is a must reead.
I learned how important it is how your personal actions and behaviours can have such a detrimental affect not only to those around you but way beyond those that might seem unafected. The enron scandal was something that everyon This book is a must for just about everyone. The enron scandal was something that everyone should learn from; and if i might add an editorial comment; that scandal was a precuser to our financial meltdown of , and it illustrates that everyone needs to be responsible and accountable to someone.
I just cant imagen how currupt that whole company was and how they managed to stay in bussiness all those years. Well i recommend this book; it is well written and very interesting; It should also be required reading in finance, accounting, ethics, and poly sci majors of study to name a few.
The Smartest Guys in the Room (book) - Wikipedia
This book needs to be required reading in all colleges. Mar 16, Zack rated it really liked it. I watched the documentary based on this book, and while it was entertaining in a sad, "how the hell do they get away with this sort of stuff" kind of way , minutes is nowhere near enough time to unwind all of the chicanery and manipulation at the heart of the Enron scandal. The book, I'm happy to say, is far more comprehensive. And yet, although dealing with potentially dense, head-scratching issues of the structuring of complex financial instruments, it manages to be a compelling, dare i s I watched the documentary based on this book, and while it was entertaining in a sad, "how the hell do they get away with this sort of stuff" kind of way , minutes is nowhere near enough time to unwind all of the chicanery and manipulation at the heart of the Enron scandal.
And yet, although dealing with potentially dense, head-scratching issues of the structuring of complex financial instruments, it manages to be a compelling, dare i say even suspenseful financial thriller; like the classics of Greek tragedy, although you know from the outset that the principals are destined for tragedy, the thrill is watching them parlay their collective hubris into economic ruin.
If you are at all interested in the darkest threats of unrestrained capitalism, by all means check out the system at its most dysfunctional.
Best Summary + PDF: The Smartest Guys in the Room (Enron Book), by Bethany McLean
May 20, Leah rated it liked it. Very well-researched and detailed book, sometimes too detailed. It's pretty well-written, but I gave it three stars because you can really get bogged down in the all the financial mumbo-jumbo. It's also kind of exhausting to read because you will be irritated by how arrogant and stupid the Enron leaders were, and as they make the same mistakes over and over, it's easy to lose interest as a reader.
Other books: LIZZIE BRIGHT AND THE BUCKMINSTER BOY PDF
If you are someone who really likes reading about financial markets and business, though, this will Very well-researched and detailed book, sometimes too detailed. If you are someone who really likes reading about financial markets and business, though, this will be like reading a soldier's war memoir.
If you are like me and get bored by this stuff, you should still stick it out because you will learn a few things. Jul 18, Virgilio Pigliucci rated it it was ok Shelves: A great depiction of one of the biggest example, in modern history, of the "mafia" evolution to the highest levels, where the street violence and the low-level crime become high volume bribery and financial crimes that are capable of hitting way more people than the mob of the 70s.
I read the book in a few months When I was done with it I found the documentary on Netflix and after those 2 hour A great depiction of one of the biggest example, in modern history, of the "mafia" evolution to the highest levels, where the street violence and the low-level crime become high volume bribery and financial crimes that are capable of hitting way more people than the mob of the 70s. When I was done with it I found the documentary on Netflix and after those 2 hours I would totally suggest the latter than reading this book.
View all 4 comments. Sep 13, Daryl rated it it was amazing. Some of the explanations of the various financial instruments that Enron used are a little hard to follow, but I suspect even accounting and finance professionals had similar problems with Enron's machinations. The authors do a great job highlighting the main personalities involved in the fraud, and they keep the narrative moving even through the most complex periods in Enron's history.
Get ready for a lot of really minute details about business deals, pages of them. But they're all needed to build up the full story of what actually happened at Enron and that overall story is well worth the slog!
Highly recommend. Dec 07, Tanel Joon rated it it was amazing.
Enron was the first case study when I started in one of the Big 4 10 years ago. The real life story about Enron is fantastically educational: And as in the end of the book success has many fathers, but failure is an orphan. Long but bloody good! The book starts with the author comparing himself to Woodward and Bernstein's "All the President's men" which I found a bit presumptuous and set off a red flag.
But after reading the book, I have to agree a bit with the analogy. While there's obvious differences the author isn't even found in the book. Company versus government. Mildly complex but easy to understand vs. The book takes what is a complex series of events, and demystifies much of them. Rather than focus on the final year, or decade, the book starts at the formation of the company, and even reaches farther back on the main players like Kenneth Lay and shows his growth to the person running the business.
The book does a decent job of background on a number of key players, but does so in a way that is informative rather than just required. The book spends a decent amount of time jumping around to each branch of the business over time, but in fact handles it well. The reader learns about large spans of times for the each branches in one section, so the growth of the broadband industry isn't interrupted by discussions of Enron Online, even though they happened at the same time.
While this could be confusing with the time jumps, the book handles it perfectly. In fact much of the story stands on the edge of confusion. If a different writer tried to tell this story of enron it'd easily collapse into a mess, however Frederic P. Miller delivers the information well, and produces a clear understanding of what happened at Enron, not just at the end but the culture that produced the people involved it in.
Even better, the book all appears to be taken from official records, memos, and notes from meetings, so rather than create a fiction about what certain people said, many things are direct quotes.
This means that most of the book doesn't seem to take a stance on the action, it just focuses on clearly explaining of the actions taken by the company are taken by many companies, or showing that there's no clear line where Enron cross that changed it to a full fraud.
The author actually is never seen in the book, but beyond that, his opinion on the story feels missing, which allows a true accounting of events to be shown. The book is a bit long and a bit dry, I found it very depressing as well, but I never found it poor enough that I wanted to put it down, in fact it's quite interesting, though extremely large. It's taken me over 3 weeks to read, where I'm normally done with a book in 10 days. The only truly negative thing I can say about the book is the summation, which seems out of order, it refers to a number of convictions which caused me to look up the arrests, but then describes the arrests.
The references to the conviction however makes the reader feel out of place, and that's something the book completely avoids up to that point.
It feels odd and wrong, but is a minor issue and likely due to a number of revisions to it the original book was written in , and yet somehow my version discusses issues in in the final chapter Yes mine is the reprint version but thus if you get the wrong version, you might be missing much of the aftermath.
In addition the afterword in my version seems unnecessary, heavy handed, and opinionated. For 99 percent of the book, the author steps back, he avoids personal opinions and focuses on facts, and what has happened, and then in the afterword, the author comes out in full force trying to sway the reader.
It doesn't work, and honestly since it was written about 7 years later, it might be better to just skip the afterword. Overall though if someone was interested in learning about Enron or large scale corporate fraud, this would be the book to grab. It's interesting, in-depth, and feels unbiased.
It delivered what it promises and does so in a way that makes you feel like you truly understand much of the inner workings. Nov 03, Achtung Englander rated it really liked it Shelves: It all started with Enron. Before the banking crises that saw Lemhan Brothers file for the biggest bankruptcy in history, the word "Enron" was synonymous with failed business of a scale never heard of before.
The book is written in a gripping manner that is both easy to read without wallowing in the intricacies of its financial machinations, and delves into the personalities and politics of people who scammed the business.
You will be shaking your head in anger at the sort of money we are talkin It all started with Enron. You will be shaking your head in anger at the sort of money we are talking here. The top brass like Ken Lay, Jeff Skilling and Andy Fastow were quite frankly taking the piss with the sort of salaries, compensation packages and dirty schemes they ran, all at the expense of prudent business, their fellow employees and their customers, such as the Californian state.
They literally scammed almost anyone and anything so long as Enron stock went up and they made tens of millions of dollars each as ill gotten reward. Ultimately Enron path to ruin was pretending to investors and shareholders that the company was a lot richer than reality by booking future revenue that had yet been banked all in one big lump sum upfront.
The company hid losses off the balance sheet and created dummy companies so Enron could hedge against itself. All for the sake of creating an image that stock was up and up. All for the sake of getting rich. Interestingly the book does not dwell on this subject but towards the end you get the feeling that none of the schemers were actually happy and that all that money only made them feel worse because they became so greedy.
I gave this book 4 stars because at times it did concentrate a little too much on the backgrounds of people that did not really add to anything and not enough on what motivated them to do what they did.
We have a board of directors who were clueless and probably could not read a balance sheet , the auditors Arthur Anderson looked the other way so long as they kept charging Enron millions of dollars they certainly paid the price for that stupidity and greed and banks and investors who did not ask too many question so long as Enron kept on writing big fat cheques which it ultimately could not honour.
The book is excellent and worth a read to get an understanding that hubris and greed in CEOs and CFOs can be a major force of destruction. The book ends in and it is a shame it was not updated to include the early death of Lay most likely from stress and Pai suicide , the jailing of Skilling and Fastow and the current atonement of Fastow. On a personal note - I used to work for Nortel Networks and that company also rode the high wave of spending more than it was earning, run my arrogant management who took a successful profitable company and ran it into the ground due to misdirection and stubbornness.
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BFA Senior Dylan Dagnan presents "Seminar"
Posted by Ariel Hall | Mar 7, 2019 | Features, Lifestyles | 0 |
Although he prefers theatrical works with serious themes, Dagnan ensures the process of putting them together is fun. Photo by Kat Bell
Senior BFA student Dylan Dagnan debated between majoring in theatre or mass communication before coming to college, but ultimately settled on beginning his UM career as a mass communication student.
However, Dagnan found his true calling in UM's Theatre department after taking Intro to Theatre with Michael Walker, who thought Dagnan had a natural talent for the craft. It wasn't long before Dagnan made the switch.
Since then, Dagnan has acted as assistant director for UM productions "The Wolves" and "Rapture, Blister, Burn" during the 2017-2018 UM theatre season. He is currently working with the department on musical "Priscilla, Queen of the Desert."
Since Dagnan didn't consider himself an actor, he instead focused his efforts on directing, a fitting niche considering his childhood love for movies.
"I always wanted to watch adult movies like 'The Shawshank Redemption.' As a kid, I didn't like animated movies, so I would watch whatever movies my brothers were watching," said Dagnan. "There was a movie that I watched over and over again and that was 'The Royal Tenenbaums' with Wes Anderson."
Aside from Anderson, Dagnan also noted that he was inspired by film director Stanley Kubrick.
Dagnan recently directed his first full-length show at Montevallo, "Seminar," which also served as his senior project. Later in the semester, his fellow BFA senior Kassie Kouch will present her project "Quake."
At the end of last spring, Dagnan had to pick which show to do for the project, but he was confronted with some difficulties.
"As a director, there is a list of shows that you're going to do. I picked all of my favorite shows and none worked, either because of casting problems like size or the type of show," said Dagnan.
Although "Seminar" was not his first choice, Dagnan learned to love it after working on a scene for class.
"I did a scene from 'Seminar' in my Directing I class with Robin Stevens, and it ended up the last one on the list. It's one of my favorite plays," said Dagnan.
"Seminar," a Pulitzer Prize nominated play by Theresa Rebeck, is a provocative and raw dramatic comedy about four aspiring young novelists in New York City who pay for a seminar with "rock-star editor" Leonard.
These novelists include Kate, an affluent Upper-West-Side woman with a fancy apartment, and her friends: Martin, who is neurotic and private about his work; Douglas, a well-connected prep school grad; and, Izzy, a seductive opportunist.
Leonard's unorthodox teachings lead to chaos, and friends become frenemies as some succeed while others flounder.
The cast of Dagnan's production included freshmen Karli Blankenship as Kate and Abby Bowers as Izzy. Their male counterparts included seniors Dakota Patrick as Douglas, and Brock Schumann as Martin. Alumnus BJ Underwood returned to UM to portray Leonard.
"When it comes to what makes a great production, my main thing is that I don't care what the audience says, because they'll react the way they react, but I really do care about what's going on with the actors," said Dagnan. "Are they having fun? Are they enjoying themselves? I like to do serious stuff, so I try to have fun."
The rich intensity that the cast portrayed took Rebeck's witty work to a new level under Dagnan's direction, but he credits the success to the team behind him.
"I was so stressed beforehand, but then I got my stage manager and I saw the cast," said Dagnan. "After the first rehearsal, I wasn't so unnervingly stressed. I had such a great team. My stage manager, Jenna Goodson, was amazing."
The show was performed Feb. 21 to 24 in Reynolds Hall.
When it comes to words of wisdom, Dagnan had this to say to fellow and aspiring directors: "Just do it. If you have an idea, write it out. Get some friends and put it on."
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Home Forums > Other Sports > Boxing >
Baldomir shocks Judah
Discussion in 'Boxing' started by KG2422, Jan 11, 2006.
KG2422 Mentor
Baldomir shocks Judah to claim WBC crown
By David Gonzalez SportsTicker Contributing Writer
NEW YORK (Ticker) - With the biggest payday of his career in sight, Zab Judah showed himself to be a bad businessman.
Judah saw a big-money fight disappear Saturday night when he lost his undisputed welterweight crown by dropping a unanimous decision to unknown Carlos Baldomir of Argentina at the Theater at Madison Square Garden.
Fighting in front of a hometown crowd of 4,735, Judah survived a shaky seventh round but was unable to hold off the relentless attack of Baldomir as he lost all three of his titles.
With the victory, Baldomir (42-9-6) only captured the WBC welterweight title as he did not pay the sanction fees to the WBA and IBF. He won by scores of 115-113, 115-112 and 114-113.
"This is beautiful. I told you this would be a Cinderella story," Baldomir said through and interpreter. "I am the new Cinderalla man. I thought I did enough to win, but I was worried when I heard the decision."
Perhaps the only one worried now is Judah (34-3), whose career took an unexpected turn.
Judah saw a proposed April date with undefeated three-time division champion Floyd Mayweather Jr.(35-0, 24 KOs) pass by with the shocking loss.
Despite owning a journeyman record and limited boxing skills, Baldomir kept constant pressure on Judah throughout the fight. Judah opened up a little, but heard a chorus of boos from the crowd late in fourth and sixth rounds. He still led on all three of the judges' scorecards at that point.
In the seventh, Baldomir landed a right hand, which wobbled the legs of Judah. The upset-minded Argentine stayed offensive as Judah ran and held Baldomir to survive until the end of the round.
"The right hand I connected with opened the victory," Baldomir said. "I want Mayweather next."
Judah, whose nose was bloodied by the ninth, began to assert himself again, but Baldomir's forward attack won the 11th and 12th rounds to secure the victory.
"He is a very strong guy, a game guy," Judah said. "He is fighting for the opportunity of his life. I got hit but weathered the storm."
On the undercard, O'Neil Bell unified the cruiserweight crown for the second time in the division's history with a shocking 10th-round stoppage of Jean-Marc Mormeck.
Bell (26-1-1, 24 KOs) joins future Hall-of-Famer Evander Holyfield, who unified the division in the late 1980s before moving to the heavyweight division, as the only two boxers to consolidate the cruiserweight class.
In the co-feature of the loaded card, Mormeck (31-3) came out strong from the opening bell with a relentless offensive attack over the first six rounds, but Bell finally broke through in the seventh and hurt the Frenchman.
Mormeck, who came into the fight owning the WBA and WBC titles, showed signs of slowing down and Bell seized the fight for good in the 10th.
"He didn't hurt me," Bell said. "I can't take anything away from him. He has a lot of power and was a great champion."
Bell stunned his opponent in the final minute, knocking out Mormeck's mouthpiece before finally dropping him to the canvas with a barrage of punches. Referee Wayne Kelly began to count but waved off the fight with 10 seconds left in the round.
"I was able to sustain his best shots, which broke his spirits," said Bell, who came into the fight owning the IBF belt.
"I am a bit disappointed because I lost my belts," Mormeck said through an interpreter. "I don't know what changed things but I realized he was a great champion and winning the fight."
Mormeck lost for the first time in 29 fights.
Earlier in the evening, Ulises Solis of Mexico captured the IBF 108-pound junior flyweight title with a hard-fought unanimous decision over American Will Grigsby.
Despite suffering cuts over both eyes in the third round, Solis (20-1-1) kept constant pressure en route to capturing the victory. The judges had him winning by scores of 118-110, 117-111, and 116-112.
A native of Minnesota, Grigsby lost the IBF junior flyweight title for the second time and fell to 18-3-1.
KG2422, Jan 11, 2006
jaxvid Hall of Famer
Ha ha, at least Carlos is from the "right" side of the family.
We live in awkward times… too late to vote and too early to start shooting.
jaxvid, Jan 11, 2006
I'm ready to see Hatton and Mayweather face off. I think that fight would be a war.
white is right Hall of Famer
What side is that he is clearly mesitizo ie Spanish and native, but then again I hate judah and his punk biatch goofs that suck his#@# everytime he enters the ring too.....
white is right, Feb 16, 2006
Yes, Baldomir looks a little mestizo ,but I'm still glad he beat old gold teeth Judah. I hoped Mayweather's next fight would be against Hatton ,but he's going to fight Judah at 147 (up from 140) for his two belts in April. Baldomir didn't pay the fees necessary to fight for two of Judahs' thre belts. It's not so bad thes two are fighting because if Judah loses, we probably won't hear from him for a while and if he bounces back and beats Mayweather then Mayweather will no longer be considered pound for pound the best, moving Hatton closer to that distinction.
KG2422, Feb 16, 2006
Spooge Guru
Hate to dissipoint you boxing fans but Judah is getting his fight with Mayweather even though he lost to the Mex.
Spirit of Odin
Spooge, Feb 16, 2006
speedster Mentor
Arturo Gatti takes on Baldomir for the title in July.
speedster, Mar 17, 2006


The Pine Island Angler: Snook Season 2011?
On June 8 and 9, the Florida Fish and Wildlife Conservation Commission (FWC) will discuss a potential snook season for part of the remainder of 2011 and the beginning of 2012. The question under discussion will be whether to open snook season on September 1, when the current executive order closure expires.
FWC commissioners are considering four options for both the Atlantic and Gulf coasts, including opening the season on the Atlantic Coast on September 1.
The memorable snook kill in 2010, due to sustained cold water temperatures, has impacted the fishery differently on both coasts. Stock assessments show that Gulf breeding stocks took a stronger hit than Atlantic coastal waters. On the Atlantic side, access to deep water and accompanying warmer temperatures helped survival rates during winter. In the Everglades, results show that snook catch rates have not been this low since before 1991. Based on the information gathered, FWC commissioners are considering four options listed below.
Option A is to resume the original season structure. This option would reopen snook harvest on September 1, 2011, when the current Executive Order (extending the closed season through August 31) expires. Snook harvest would close again on both coasts in December (Gulf would close December 1 and Atlantic would close December 15) as per the original season structure. Snook harvest would reopen in 2012 on the Gulf coast on March 1 and on the Atlantic coast on February 1.
Option B would extend the current closure for snook harvest through the remainder of 2011. Based on the original season structure and current rule, snook harvest would reopen again on February 1, 2012, on the Atlantic coast and March 1, 2012, on the Gulf coast. This closure would protect the adult fish for the remainder of 2011.
Option C would open re-open snook harvest on September 1, 2011, when the newest executive order (extending the closed season through August 31) expires. Snook would close again under the current regulations on December 1 on the Gulf coast and December 15 on the Atlantic coast. In 2012, this option would keep snook closed from January through August 31, 2012, in order to protect the fish during the winter months and during spawning months.
Commissioners favor a "bicoastal" approach which uses Option A for the Atlantic coast and Option D for the Gulf coast. This would open the snook fishery to anglers on the Atlantic on September 1. For Gulf coast anglers this would set back an opening until August 31, 2012. If harvest remains closed, the commission may consider refunds for snook permits.


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