text:
NATIONAL AUTO CREDIT INC /DE
X    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
-----  SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended April 30, 2001
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
For the transition period from ___________ to ___________
Commission file number 1-11601
NATIONAL AUTO CREDIT, INC.
(I.R.S. Employer Identification No.)
30000 Aurora Road, Solon, Ohio 44139
(Address of principal executive offices and zip code)
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes    X          No
-----             -----
Indicate the number of shares outstanding of each of the issuer's class
of common stock, as of the latest practicable date.
As of May 31, 2001 there were 11,721,284 shares of Common Stock, $.05
par value, outstanding.
NATIONAL AUTO CREDIT, INC. AND SUBSIDIARIES
PART I.        FINANCIAL INFORMATION
Item 1.        Financial Statements                                                        1
Report of Independent Certified Public Accountants                          1
Condensed Consolidated Balance Sheets as of
April 30, 2001 and January 31, 2001                                         2
Condensed Consolidated Statements of Operations for the
Three Months Ended April 30, 2001 and 2000                                  3
Condensed Consolidated Statements of Stockholders' Equity and
Comprehensive Income for the Three Months Ended April 30, 2001              4
Condensed Consolidated Statements of Cash Flows for
the Three Months Ended April 30, 2001 and 2000                              5
Notes to Condensed Consolidated Financial Statements                        6
Item 2.        Management's Discussion and Analysis of
Financial Condition and Results of Operations                              11
Item 3.        Quantitative and Qualitative Disclosures about
Market Risk                                                                16
PART II.       OTHER INFORMATION
Item 6.        Exhibits and Reports on Form 8-K                                           17
Signatures                                                                                18
PART I.    FINANCIAL INFORMATION
ITEM 1.    FINANCIAL STATEMENTS
REPORT OF INDEPENDENT
To the Board of Directors and Stockholders of
Solon, Ohio
We have reviewed the accompanying condensed consolidated balance sheet
and stockholders' equity and comprehensive income of National Auto Credit, Inc.
and its subsidiaries as of April 30, 2001, and the related statements of
operations and cash flows for each of the three-month periods ended April 30,
2001 and 2000. The financial statements are the responsibility of the Company's
We conducted our reviews in accordance with standards established by
the American Institute of Certified Public Accountants. A review of interim
financial information consists principally of applying analytical procedures to
financial data and making inquiries of persons responsible for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with auditing standards generally accepted in the United States of
America, the objective of which is the expression of an opinion regarding the
financial statements taken as a whole. Accordingly, we do not express such an
opinion.
Based on our review, we are not aware of any material modifications
that should be made to such condensed consolidated financial statements for them
to be in conformity with accounting principles generally accepted in the United
States of America.
We have previously audited, in accordance with auditing standards
generally accepted in the United States of America, the consolidated balance
sheet as of January 31, 2001, and the related consolidated statements of
operations, stockholders' equity, and cash flows for the year then ended (not
presented herein) and in our report dated April 16, 2001 (except for Note E as
to which the date is May 9, 2001), we expressed an unqualified opinion on those
consolidated financial statements. In our opinion, the information set forth in
the accompanying condensed consolidated balance sheet as of January 31, 2001, is
fairly stated, in all material respects, in relation to the consolidated balance
sheet from which it has been derived.
(IN THOUSANDS, EXCEPT SHARE AMOUNTS)
April 30,        January 31,
2001              2001
-------------     -------------
Cash and cash equivalents                                                                 $ 10,375          $ 12,444
Marketable securities (Note C)                                                               1,030             1,083
Investment in AFC (Note D)                                                                  10,113            10,027
Property and equipment, net of accumulated depreciation
of $264, and $186, respectively                                                              776               789
Goodwill                                                                                6,101             6,673
Assets held for sale (Note E)                                                                2,755             2,785
Income taxes refundable                                                                      3,664             3,664
Other assets                                                                                748             1,601
TOTAL ASSETS                                                                              $ 35,562          $ 39,066
=============     =============
Self-insurance claims                                                                        $ 907             $ 970
Accrued income taxes                                                                         1,034             1,029
Other liabilities                                                                            4,060             4,983
6,001             6,982
COMMITMENTS AND CONTINGENCIES (Note F)                                                           -                 -
REDEEMABLE PREFERRED STOCK
(Redemption value $936)                                                                    653               629
Preferred stock                                                                                -                 -
Common stock - $.05 par value
authorized 40,000,000 shares, issued 39,377,589 and
39,420,437 shares, respectively                                                            1,969             1,971
Common stock to be issued                                                                        -               219
Additional paid-in capital                                                                 174,337           174,385
Retained deficit                                                                          (124,230)         (121,801)
Accumulated other comprehensive income (loss)                                                  (97)              (44)
Treasury stock, at cost, 27,656,305 and 27,901,305
shares, respectively                                                                    (23,071)          (23,275)
28,908            31,455
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                                $ 35,562          $ 39,066
See notes to condensed consolidated financial statements.
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
2001             2000
------------    --------------
Interest income from loans                                              $      -          $    404
Interest income from investments                                             140               980
Income from AFC investment                                                    86                 -
E-commerce revenues                                                          226                 -
Other income                                                                   -               108
Total                                                                   452             1,492
COSTS AND EXPENSES
Provision for credit losses                                                 (393)             (856)
Loss on sale of loans                                                          -             2,115
Operating                                                                  1,703             1,283
General and administrative                                                 1,436             1,225
Litigation and other charges                                                   -             3,008
Write-down of assets held for sale                                             -               151
Restructuring charges                                                         60               289
Total                                                                 2,806             7,215
LOSS BEFORE INCOME TAXES                                                      (2,354)           (5,723)
Provision for income taxes                                                     -                 -
NET LOSS                                                                      (2,354)           (5,723)
Accretion of discount on redeemable preferred stock                                24                 -
NET LOSS APPLICABLE TO COMMON STOCK                                          $ (2,378)         $ (5,723)
============    ==============
LOSS PER SHARE
Basic and diluted                                                         $ (.20)         $   (.20)
WEIGHTED AVERAGE NUMBER OF SHARES
Basic and diluted                                                         11,606            28,265
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
AND COMPREHENSIVE INCOME
THREE MONTHS ENDED APRIL 30, 2001
Preferred Stock              Common Stock
-----------------------  ----------------------------  Common        Additional
Par                           Par       Stock to       Paid-In        Retained
Shares      Value          Shares         Value      be issued      Capital         Deficit
----------- -----------  ---------------  -----------  ---------- ---------------- --------------
JANUARY 31, 2001                    -     $     -       39,420,437      $ 1,971       $ 219        $ 174,385      $(121,801)
Net loss                                                                                (2,354)
Stock award                                                                            (219)                            (51)
Stock cancelled under
benefit plans                                           (42,848)         (2)                          (48)
Accretion on redeemable
preferred stock                                                                                (24)
Other comprehensive
income-unrealized loss
on marketable securities
APRIL 30, 2001                      -     $     -       39,377,589      $ 1,969       $   -        $ 174,337      $(124,230)
=========== ===========  ===============  ===========  ========== ================ ==============
Other                    Comprehensive
Treasury      Comprehensive                   Income
Stock          Income         Total         (Loss)
--------------  --------------  -----------  -------------
JANUARY 31, 2001                $ (23,275)          $ (44)     $31,455
Net loss                                                        (2,354)      $ (2,354)
Stock award                           204                          (66)
benefit plans                                                   (50)
preferred stock                                                 (24)
on marketable securities                           (53)         (53)           (53)
Comprehensive income (loss)                                                  $ (2,407)
APRIL 30, 2001                  $ (23,071)          $ (97)     $28,908
==============  ==============  ===========
2001            2000
------------    ------------
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss                                                                   $ (2,354)       $ (5,723)
Adjustments to reconcile net loss to net cash used in
Depreciation and amortization                                                 719             247
Provision for credit losses                                                  (393)           (856)
Loss on sale of loans                                                           -           2,115
Write-down of assets held for sale                                              -             151
Changes in operating assets and liabilities:
Accrued income tax paid (refundable)                                             5            (231)
Other liabilities                                                             (923)          1,297
Self-insurance claims                                                          (63)            (98)
Other operating assets and liabilities, net                                    243          (1,157)
Net cash used in operating activities                                     (2,766)         (4,255)
CASH FLOWS FROM INVESTING ACTIVITIES
Principal collected on loans                                                     80           5,221
Proceeds from sale of loans                                                     313          23,294
Change in contracts in progress                                                 456               -
Investment in AFC                                                                 -          (1,372)
Proceeds from sale of assets                                                     30               -
Purchase of marketable securities                                                 -         (25,092)
Proceeds from sale of marketable securities                                       -           4,985
Purchase of other property and equipment                                        (66)            (14)
Purchase of affordable housing investments                                        -            (744)
Net cash provided by investing activities                                 813           6,278
CASH FLOWS FROM FINANCING ACTIVITIES
Stock award                                                                     (66)              -
Stock cancelled under benefit plans                                             (50)            (13)
Net cash used in financing activities                                (116)            (13)
(Decrease) increase in cash and cash equivalents                              (2,069)          2,010
Cash and cash equivalents at beginning of period                             12,444          54,333
Cash and cash equivalents at end of period                                 $ 10,375        $ 56,343
============    ============
Interest paid                                                              $      -        $      -
Income taxes paid (refunded)                                               $     (5)       $    231
NOTE A - BASIS OF PRESENTATION
The accompanying unaudited condensed consolidated financial statements
include the accounts of National Auto Credit, Inc. and subsidiaries (the
"Company"). The financial statements are unaudited, but in the opinion of
management, reflect all adjustments (consisting only of normal recurring
accruals) necessary for a fair presentation of the Company's consolidated
financial position, results of operations, stockholders' equity and
comprehensive income, and cash flows for the periods presented.
have been prepared in accordance with generally accepted accounting principles
for interim financial statements and with the rules of the Securities and
Exchange Commission applicable to interim financial statements, and therefore do
not include all disclosures that might normally be required for interim
financial statements prepared in accordance with generally accepted accounting
principles. The accompanying unaudited condensed consolidated financial
statements should be read in conjunction with the Company's consolidated
financial statements, including the notes thereto, appearing in the Company's
Annual Report on Form 10-K for the year ended January 31, 2001.
The preparation of financial statements and the accompanying notes
thereto, in conformity with generally accepted accounting principles, requires
management to make estimates and assumptions that affect reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at
the date of the financial statements and reported amounts of revenues and
expenses during the respective reporting periods. Actual results could differ
from those estimates.
Cash and cash equivalents at April 30, 2001 include restricted cash of
$210,000 pursuant to an agreement with a former president.
Certain fiscal 2001 amounts have been reclassified to conform with
fiscal 2002 presentations.
NOTE B - ACQUISITION
On December 15, 2000, the Company acquired ZoomLot Corporation
("ZoomLot") in exchange for the issuance of 270,953 shares of its Series B
convertible preferred stock and 729,047 shares of its Series C redeemable
preferred stock. The terms of the Series B convertible preferred stock provided
that it would automatically convert into shares of the Company's common stock,
at the ratio of ten shares of the Company's common stock for each share of
Series B convertible preferred stock, upon the termination of the November 3,
2000 Stock Purchase and Standstill Agreement between the Company and Reading
Entertainment, Inc. ("Reading"), FA, Inc. (a wholly-owned subsidiary of
Reading), Citadel Holding Corporation and Craig Corporation. As a result of the
termination of the Stock Purchase and Standstill Agreement, on December 15,
2000, the Company converted the 270,953 shares of the Series B convertible
preferred stock into 2,709,530 shares of its common stock.
The acquisition was accounted for using the purchase method of
accounting in accordance with Accounting Principles Board Opinion No. 16,
"Business Combinations" ("APB 16"). The following sets forth the unaudited pro
forma condensed results of operations for the three months ended April 30, 2000
assuming the acquisition of ZoomLot had been completed on February 1, 2000. The
following pro forma information is presented for illustrative purposes only and
does not purport to be indicative of the operating results that would have been
obtained had the acquisition been completed on that date, nor of future
operating results.
NOTE B - ACQUISITION (cont.)
Pro forma revenues, net loss and loss per share are as follows (in
thousands, except for the per share amount):
Total revenue                       $  1,492
Net loss                            $ (6,820)
Loss per share                      $   (.24)
NOTE C - MARKETABLE SECURITIES
Marketable securities at April 30, 2001 are summarized as follows (in
thousands):
Gross Unrealized
Cost             Gains             Losses          Fair Value
----------     -------------     -------------     -------------
Equity securities - mutual funds         $ 1,127         $  -              $ 97           $ 1,030
All marketable securities were classified as available for sale.
NOTE D - INVESTMENT IN AFC
The Company owns a 50% membership interest in Angelika Film Center, LLC
("AFC"). AFC is the owner and operator of the Angelika Film Center, which is a
multiplex cinema and cafe complex in the Soho District of Manhattan in New York
AFC is currently owned 50% by the Company, 33.34% by Reading and 16.66%
by Citadel Cinemas, Inc. (a wholly-owned subsidiary of Citadel Holding
Corporation). The articles and bylaws of AFC provide that for all matters
subject to a vote of the members, a majority is required, except that in the
event of a tie vote, the Chairman of Reading shall cast the deciding vote.
The Company uses the equity method to account for its investment in
AFC, and treats as goodwill and amortized over a 20 year period on a straight
line basis the difference between its initial investment in AFC and its share of
AFC's net assets. AFC uses a December 31 year-end for financial reporting
purposes. The Company reports on a January 31 year-end, and for its fiscal
quarters ending April 30, July 31, October 31 and January 31 records its
pro-rata share of AFC's earnings on the basis of AFC's fiscal quarters ending
March 31, June 30, September 30, and December 31, respectively. For the three
months ended April 30, 2001, the Company recorded income of $86,000 representing
its share of AFC's net income for the three months ended March 31, 2001 net of
goodwill amortization of approximately $68,000.
\                   NATIONAL AUTO CREDIT, INC. AND SUBSIDIARIES
NOTE D - INVESTMENT IN AFC (cont.)
Summarized income statement data for AFC for the three months ended
March 31, 2001 and 2000 is as follows (in thousands):
2001                     2000
-------                 -------
Revenues                                     $ 2,035                 $ 1,429
Film rental                                      742                     435
Operating costs                                  742                     591
Depreciation and amortization                    173                     173
General and administrative expenses               70                      38
1,727                   1,237
Net income                                   $   308                 $   192
=======                 =======
NOTE E - ASSETS HELD FOR SALE
Assets held for sale are as follows (in thousands):
April 30,            January 31,
2001                  2001
--------------        --------------
Affordable housing investments                $ 2,670               $ 2,670
Other assets                                       85                   115
Total                                    $ 2,755               $ 2,785
==============        ==============
The Company has certain investments in affordable housing projects
which previously the Company had been holding for realization through the
receipt of distributions from the operations of the projects and the use of the
tax credits generated by the investments. In the fourth quarter of fiscal 2000,
the Company committed to a plan to sell the investments and recorded a
cumulative write-down for fiscal years 2000 and 2001 of $7,849,000 to reduce the
carrying amount of the investments to their fair value less estimated costs to
sell. The Company expects to complete the sale of the investments in the second
half of fiscal 2002 and future operating results could be affected by revisions
of the estimates of the fair value less estimated costs to sell the investments,
which changes could be material due to the uncertainties inherent in the
estimation process. As a limited partner in these affordable housing projects,
the Company is required to make future contributions on January 31, 2002, of
$432,000, plus interest at an average rate of 8.9% per annum.
NOTE F - COMMITMENTS AND CONTINGENCIES
In the normal course of its business, the Company is named as defendant
in legal proceedings. It is the policy of the Company to vigorously defend
litigation and/or enter into settlements of claims where management deems
NOTE F - COMMITMENTS AND CONTINGENCIES (cont.)
Following the resignation of Deloitte & Touche in January 1998, the
Securities and Exchange Commission, the United States Attorney for the Northern
District of Ohio, and the Federal Bureau of Investigation, are investigating the
issues raised as the result of the resignation of Deloitte & Touche. The Company
is cooperating fully with the investigations. The ultimate outcome of these
investigations on the Company cannot presently be predicted and the Company has
not recorded any provision for any monetary penalties that may result from civil
or criminal proceedings that might be commenced at the conclusion of such
investigations. Any unfavorable resolution of any of these investigations could
have a material adverse effect on the Company's financial position, results of
operations and liquidity.
NOTE G - RESTRUCTURING
During January 2001, the Company committed to a plan of restructuring
its operations and relocating its corporate offices from Solon, Ohio to New York
City, New York. As part of the plan, and in accordance with EITF Issue No. 94-3,
"Liabilities Recognition for Certain Employee Termination Benefits and Other
Costs to Exit an Activity", in the fourth quarter of fiscal 2001, the Company
recorded a restructuring charge of $1,777,000 comprised of a write-down for
property and equipment of $922,000 and the accrual of expenses aggregating
The following sets forth the activity in the accrued restructuring
costs for the three months ended April 30, 2001 (in thousands):
Accrued at                           Changes         Accrued at
February 1,         Costs              in            April 30,
2001           Incurred          Estimates           2001
----------        --------          ---------        -----------
Employee termination costs                  $ 575            $ (295)             $ 30             $ 310
Lease terminations                            130               (24)                -               106
Outplacement fees and other                   150              (123)               30                57
-------           -------            ------           -------
Total                                       $ 855            $ (442)             $ 60             $ 473
=======           =======            ======           =======
NOTE H - SEGMENT INFORMATION
During fiscal 2000 the Company operated in a single operating segment;
investing in sub-prime used automobile loans (the "automobile financing"
segment). In fiscal 2001, as result of its investment in AFC and its acquisition
of ZoomLot, the Company began to classify its operations into three operating
-    the e-commerce segment, which is comprised of ZoomLot's
development of services to facilitate, through e-commerce,
the process by which used car dealerships, lenders and
insurance companies communicate and complete the
transactions between them that are needed to provide the
used car dealer's customers with financing, insurance, and
other services. ZoomLot currently provides these services,
on a limited basis, using a combination of Internet and
manual processes, and is continuing its efforts to develop a
fully e-commerce process;
-    the movie exhibition segment, which is comprised of the
activities of AFC;
-    the automobile financing segment.
The Company did not acquire its investment in AFC, or ZoomLot, until
after the first quarter of fiscal 2001, and accordingly was still operating in a
single segment during that period.
Operating segment information for the three months ended April 30, 2001
is as follows (in thousands):
Automobile        Movie           General
E-Commerce       Financing       Exhibition       Corporate        Consolidated
----------------- ---------------  -------------  ----------------  -----------------
Revenues                                $    226          $    -        $    86          $    140           $    452
Restructuring charges                      -               -              -                60                 60
Income (loss) before
income taxes                       (1,443)            359             86            (1,356)            (2,354)
ITEM 2.             MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
National Auto Credit, Inc. (the "Company") began operations in 1969 and
was incorporated in Delaware in 1971. The Company's principal business activity
is conducted through ZoomLot Corporation ("ZoomLot"), a wholly-owned subsidiary,
which is engaged in the development of services to facilitate, through
e-commerce, the process by which used car dealerships, lenders and insurance
companies communicate and complete the transactions between them that are needed
to provide the used car dealer's customers with financing, insurance, and other
services. ZoomLot currently provides these services, on a limited basis, using a
combination of Internet and manual processes, and is continuing its efforts to
develop a fully e-commerce process. The Company acquired ZoomLot on December 15,
2000. The Company also owns a 50% membership interest in Angelika Film Center,
LLC ("AFC"). Additionally, the Company is considering various additional
strategic business alternatives, including, but not limited to, the purchase of
one or more existing businesses or the entry into one or more businesses.
From October 1995 through March 2000, the Company's principal business
activity was to invest in sub-prime used automobile consumer loans, which took
the form of installment loans collateralized by the related vehicle. The Company
purchased such loans, or interests in pools of such loans, from member
dealerships, and performed the underwriting and collection functions for such
loans. In the first and second quarters of fiscal 2001, the Company sold its
active loan portfolio and the majority of its charged-off portfolio. However,
since the Company had not yet made a definitive decision that it will not
reenter some aspect of the consumer lending business, these operations have not
been classified as a discontinued operation as of April 30, 2001.
As of April 30, 2001 the Company's operations are classified as three
operating segments:
development of services to facilitate, through
e-commerce, the process by which used car dealerships,
lenders and insurance companies communicate and
complete the transactions between them that are needed
to provide the used car dealer's customers with
financing, insurance, and other services. ZoomLot
currently provides these services, on a limited basis,
using a combination of Internet and manual processes,
and is continuing its efforts to develop a fully
e-commerce process;
The Company reports and evaluates the performance of its operating
segments on the basis of revenues and income (loss) before income taxes. In
measuring revenues and income (loss) before income taxes, the Company's
operating segments use the same accounting principles described in Note A of
Notes to Condensed Consolidated Financial Statements. However, the revenues and
income (loss) before income taxes reported by each of the Company's operating
segments is not necessarily indicative of what the results of operations would
have been for such operating segment had it operated as a stand-alone entity.
ZoomLot's potential for future profitability must be considered in
light of the risks, uncertainties, expenses and difficulties frequently
encountered by companies in the early stages of development, particularly
companies in new and rapidly evolving markets, such as the market for Web-based
business to business e-commerce. To achieve profitability, ZoomLot must, among
other things, continue to expand the number of dealers it serves and be
successful in being chosen by those dealers to place a high percentage of the
total contracts they sell, continue to expand the participation of finance
companies in its program, and maintain a high degree of dealer and finance
company satisfaction. Achieving these objectives will depend significantly on
the successful completion of the development of the FundHere(TM) Aggregator and
the subsequent successful introduction of this technology to dealers and finance
companies, as well as success in providing dealers with easy use of the program
through integration into a dealer management system or through ZoomLot's web
site and success in responding to other competitive developments. As a result of
the newness of ZoomLot's operations and its continued development efforts,
ZoomLot's historical results are not indicative of future results of operations,
and ZoomLot may be expected to continue to operate at a loss in the near term.
Throughout the first quarter of fiscal 2002 and as of May 31, 2001, the
Company had no external source of financing, and has operated on the cash
balances created by the sale of loans and the proceeds from the sale of property
in fiscal 2001. The Company plans to pursue new debt, or equity financing, for
use in funding its strategic business alternatives, including but not limited to
the purchase of one or more existing operating businesses or the entry into one
or more businesses, but the early development stage of the Company's most
significant currently operating business, the ZoomLot e-commerce segment, and
the Company's pending regulatory investigations may limit its ability to obtain
external financing. In the interim, the Company will use the current income
derived from its investment in AFC, the investment of its cash, together with
the cash and cash equivalents itself, to pay operating expenses and existing
liabilities. The Company has available cash and cash equivalents and marketable
securities of approximately $10,000,000 at May 31, 2001, and it believes that
such cash and cash equivalents and the investment income therefrom will be
sufficient to pay operating expenses and existing liabilities.
The Securities and Exchange Commission, the United States Attorney for
the Northern District of Ohio, and the Federal Bureau of Investigation are
investigating the issues raised as the result of the resignation of Deloitte &
Touche on January 16, 1998. The Company is fully cooperating with the
investigations. Although the Company has accrued certain costs it expects to
incur in responding to the investigations, the ultimate outcome of these
investigations cannot presently be predicted and the Company has not recorded
any provision for any monetary penalties that may result from civil or criminal
proceedings that might be commenced at the conclusion of such investigations.
The Company's liquidity will be adversely affected as it incurs costs to respond
to the investigations. An unfavorable resolution of any of these investigations
could have a material adverse effect on the Company's financial position,
results of operations and liquidity.
INTEREST INCOME FROM LOANS: The Company's loan investments resulted
from purchases of installment loans at discounts from the face or contractual
amount. Those discounts reflected both (i) an element of interest income that
the Company sought to earn on its investment in the loans, and (ii) the
Company's assessment, at the time of purchase, that a portion of the loans it
purchased were impaired in that the loans would not be repaid in accordance with
their contractual terms.
The Company sold its loan investments during the first quarter of
fiscal 2001, and as a result, the Company had no interest income from loans for
the three months ended April 30, 2001. Interest income from loans was $404,000
for the three months ended April 30, 2000.
INTEREST INCOME FROM INVESTMENTS: Interest income from investments is
principally the interest earned on the Company's investments in marketable
securities, commercial paper and money market accounts. Interest income from
these investments decreased to $140,000 for the three months ended April
30, 2001 as compared to $980,000 for the same period in fiscal 2001. The
decrease was primarily due to a decrease in the weighted average investment
balances to $9,662,000 for the three months ended April 30, 2001, from
$65,203,000 for fiscal 2001. The Company's investments decreased in fiscal 2002
due to the use of its cash equivalents and investments to fund the repurchases
of Company stock, totaling approximately $52 million, during the fourth quarter
of fiscal 2001.
INCOME FROM AFC INVESTMENT: The Company accounts for its investment in
AFC using the equity method, and the $86,000 reported as the income from the
investment in AFC represents the Company's share of AFC's net income for the
three months ended March 31, 2001 less the amortization of the goodwill recorded
by the Company on its investment.
The following sets forth summarized operating results for AFC (in
----                     ----
Revenues                                 $ 2,035                 $ 1,429
Film rental                                  742                     435
Operating costs                              742                     591
Depreciation and amortization                173                     173
General and administrative expenses           70                      38
Net income                               $   308                 $   192
AFC's revenues increased from the three months ended March 31, 2000 to
the three months ended March 31, 2001 as the result of an increase in
attendance. The attendance at AFC will vary depending on audience interest in,
and the popularity of the films it exhibits, and other factors. Rental and
operating expenses for the period ended March 31, 2001 as compared to March 31,
2000, as a percentage of revenue remained fairly constant at approximately 71%.
However, operating costs decreased as a percent of revenue offset by a
corresponding increase in film rental expense.
E-COMMERCE REVENUE: ZoomLot's revenues for the three months ended April
30, 2001 were $226,000. No revenues for ZoomLot are included in the results of
operations for the three months ended April 30, 2000 as ZoomLot was not acquired
until the fourth quarter of fiscal 2001.
ZoomLot's services facilitate the process by which used car
dealerships, lenders and insurance companies communicate and complete the
transactions between them that are needed to provide the used car dealer's
customers with financing, insurance, and other services. ZoomLot's service of
matching contracts submitted by dealers wishing to sell contracts which were
retained by them upon the sale of a vehicle against the underwriting criteria of
finance companies, and then submitting those contracts that meet the
underwriting criteria to the appropriate finance companies, is commonly referred
to as "contract aggregation". However, ZoomLot does not warehouse or pool
purchased contracts for resale, but rather either merely facilitates a finance
company's purchase of a contract from the dealer, or purchases contracts from
dealers for immediate pre-arranged resale. As a result, the Company does not
assume credit risk with respect to the contracts.
ZoomLot currently has two means by which it provides this contract
aggregation service. Under the Pass-Through program, ZoomLot's responsibility is
to filter the contract information provided by the dealer against the criteria
established by the participating finance companies. ZoomLot then transmits the
contract information to each of the finance companies whose contracts satisfy
the underwriting criteria. If the contract is sold, ZoomLot receives a fixed fee
from the purchasing finance company. In addition, ZoomLot operates a Private
Label program whereby it acquires contracts on behalf of two finance companies
subject to their underwriting criteria. Under the Private Label program, ZoomLot
will underwrite a contract that is submitted by a used car dealer subject to the
criteria established by the participating finance companies. If the contract
meets their criteria, ZoomLot will then place a bid based
on the finance company's pricing model with the dealer to purchase the contract.
If the bid is accepted, ZoomLot then performs certain verification procedures
related to the underlying customer and if the requisite information is deemed to
be satisfactory, it will acquire the contract from the dealer. The finance
company then repurchases the contract from ZoomLot for the amount ZoomLot paid
for the contract plus a fee for acquiring the Contract. For the three months
ended April 30, 2001, the average revenue per contract was approximately $300.
In addition, ZoomLot generates additional revenue by marketing
insurance and warranty products to automobile dealers for purchase by their
customers. ZoomLot receives referral or placement fees from the companies
selling the respective products. All responsibility and liability for the
servicing and administration of the insurance policies and warranties as well as
the payment of insurance claims, repair costs and other claims is assumed by the
companies issuing the products or third party insurers. As of April 30, 2001,
the Company has not generated any significant revenues from these sources.
PROVISION FOR CREDIT LOSSES: As a result of the sale of the Company's
investment in loans during fiscal 2001, the Company continues to record
reversals into income of previously recorded credit losses due to the cash
receipts collected on loans previously charged-off. During the first three
months of fiscal 2002, the Company recorded a reversal into income of previously
recorded credit losses of $393,000. The Company has completed the sale of
substantially all of its remaining charged-off portfolio and expects that in the
future collections from charged-off loans will decline significantly.
Prior to the sale of its loans, the Company's methodology for
determining the allowance for credit losses was to assess the recoverability of
its loans investments on the basis of the present value of the expected future
cash flows. The Company recorded a reversal into income of previously recorded
credit losses of $856,000 during the first three months of fiscal 2001.
OPERATING EXPENSES: Operating expenses include personnel costs,
amortization of goodwill, rent, advertising and internet technology related
expenses. Operating expenses increased 33% to $1,703,000 for the first three
months of fiscal 2002 from $1,283,000 for the first three months of fiscal 2001.
As a percentage of revenues, operating expenses increased to 377% for the first
three months of fiscal 2002 from 86% for the first three months of fiscal 2001,
primarily due to the reduction in revenues.
Operating expenses for fiscal 2002 are costs relating to ZoomLot.
Personnel costs and amortization of goodwill comprise approximately 70% of
operating expenses after the effect of $221,000 paid to ZoomLot by Cygnet Dealer
Finance ("CDF"). ZoomLot was originally a division of CDF, and ZoomLot and CDF
continue to share common personnel and facilities. ZoomLot receives a monthly
fee from CDF for performing management services and to reimburse ZoomLot for the
costs incurred to administer the CDF operations.
ZoomLot is currently developing the FundHere(TM) Aggregator. The
successful completion and implementation of this software is paramount to the
future success of ZoomLot. The successful completion of the FundHereTM
Aggregator would allow ZoomLot to automate much of the communication and
filtration process it must now perform manually, and would allow ZoomLot to
realize significant improvement in operating efficiencies and lower its variable
costs for each contract submitted by dealers. Should ZoomLot be unable to
successfully complete the development of the FundHere(TM) Aggregator, or upon
its completion fail to realize the anticipated benefits it may be difficult for
ZoomLot to achieve profitability. Until ZoomLot completes the development of the
FundHere(TM) Aggregator it will incur expenses for the development of the
software and will have higher variable costs, both of which will adversely
affect its results of operations.
Operating expenses for the three months ended April 30, 2000 of
$1,283,000 included expenses related to the automobile finance segment that sold
its loan portfolio during the first quarter of fiscal 2001.
GENERAL AND ADMINISTRATIVE: General and administrative expenses include
costs of executive, accounting, and legal personnel, occupancy, legal,
professional, insurance, and other general corporate overhead costs. General and
administrative expenses increased to $1,436,000 for the first three months of
fiscal 2002 from $1,225,000 for the first three months of fiscal 2001, and
increased as a percentage of revenues, due to the decline in revenues, to 318%
for the first three months of fiscal 2002 from 82% for the first three months of
General and administrative expenses are more fixed in nature than
operating expenses and are not expected to vary as directly with revenues. The
increase in general and administrative costs in the first quarter fiscal 2002 as
compared to 2001, was primarily due to an increase in personnel costs.
LITIGATION AND OTHER CHARGES: Following the resignation of Deloitte &
Touche LLP, the Company instituted investigations of its previous financial
reporting and underwent changes in management. In fiscal 1998, the Company
accrued initial estimates of certain resulting costs, and additional costs in
excess of those initial estimates were expensed as incurred or as such estimates
were revised. In the first quarter of fiscal 2001, the Company accrued an
initial estimate of approximately $3,000,000 for the costs incurred in the
litigation with Mr. Frankino that commenced in April 2000 and ultimately settled
in November 2000.
INCOME TAXES: Due to net operating losses and the availability of net
operating loss carryforwards, the Company's effective income tax rate was zero
for the three month period ended April 30, 2001 and April 30, 2000. The Company
has provided a full valuation allowance against its net operating loss
carryforward and other net deferred tax asset items due to the uncertainty of
their future realization.
During the first three months of fiscal year 2002, the Company used
$2,766,000 from operating activities as the Company's payments for operating and
general and administrative expenses continue to exceed revenues from operations.
The Company generated $813,000 in cash flows from investing activities
principally as the result of $313,000 of cash flows from the sales of loans, and
$456,000 generated from the reduction in ZoomLot's contracts in progress, which
represent the contracts ZoomLot is temporarily holding under its Private Label
program. The cash flows generated by these sources were used to partially offset
the negative operating cash flows and retain a cash balance of $10,375,000 at
general and administrative and litigation and other expenses continued to exceed
interest income from the declining portfolio balance. The Company generated
$6,278,000 in cash flows from investing activities principally as the result of
$23,294,000 of cash flows from the sales of loans and a net (of sales) of
$20,107,000 of the proceeds invested in marketable securities. The cash flows
generated by these sources were used to finance the negative operating cash
flows and retain a cash balance of $56,343,000 at April 30, 2000.
The Company believes that the cash and cash equivalents and marketable
securities of approximately $10,000,000 at May 31, 2001, and the investment
income therefrom will be sufficient to pay operating expenses, existing
liabilities, including costs associated with pending civil litigation and
investigations, and fund its activities through January 31, 2002. The Company
estimates the capital requirements to fund ZoomLot operations and investments in
software and computer equipment may total approximately $6,500,000 for the year
ending January 31, 2002, of which, $2,000,000 has already been funded.
Additionally, as previously discussed, the Company's lack of external financing
sources may limit its ability to pursue strategic business alternatives being
considered by the Company's Board of Directors. Such limitations may have an
adverse impact on the Company's financial position, results of operations and
liquidity.
The Company's exposure to the risks of inflation is generally limited
to the potential impact of inflation on the operating and general and
administrative expenses. To date, inflation has not had a material adverse
impact on the Company.
The Company does not utilize futures, options or other derivative
financial instruments.
Various statements made in this Item 2 concerning the manner in which
the Company intends to conduct its future operations, and potential trends that
may impact its future results of operations, are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. The
Company may be unable to realize its plan and objectives due to various
important factors, including, but not limited to, the failure of the Board of
Directors to promptly determine what strategic business plan the Company should
pursue, the failure of the Company to implement any such plan due to its
inability to identify suitable acquisition candidates or its inability to obtain
the financing necessary to complete any desired acquisitions or any adverse
action taken by the Securities and Exchange Commission that impedes the ability
of the Company to pursue any desired plan of action. In addition, ZoomLot's
operations are subject to certain risk factors. Also see Item 1 - "Business" -
E-Commerce Business - Summary of Certain Risk Factors Related to ZoomLot's
Business in the Company's Annual Report on Form 10-K for the year ended January
31, 2001.
ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Like virtually all commercial enterprises, the Company can be exposed
to the risk ("market risk") that the cash flows to be received or paid relating
to certain financial instruments could change as a result of changes in interest
rate, exchange rates, commodity prices, equity prices and other market changes.
The Company does not engage in trading activities and does not utilize
interest rate swaps or other derivative financial instruments or buy or sell
foreign currency, commodity or stock indexed futures or options. Accordingly,
the Company is not exposed to market risk from these sources.
The Company's loan portfolio was comprised of fixed rate financing
agreements with high credit risk consumers. The rates on these loan agreements
cannot be increased for changes in market conditions, and accordingly these
loans were not subject to market risk.
As of April 30, 2001, the Company has no interest bearing debt, and
accordingly no market risk associated with increases in interest costs resulting
from changes in market rates.
PART II.       OTHER  INFORMATION
ITEM  6.       EXHIBITS AND REPORTS ON FORM 8-K
a)       Exhibits
10.1     Amendments to Financial Advisory and Management
Consulting Agreement between NAC and Robert B. Dixon
dated as of April 1, 2001 filed herewith and
incorporated herein by reference. *
10.2     Separation agreement from NAC for Sean P. Maroney dated
as of April 25, 2001 filed herewith and incorporated
herein by reference.
10.3     Separation agreement from NAC for Raymond A. Varcho
dated as of April 25, 2001 filed herewith and
incorporated herein by reference.
b)       Reports on Form 8-K
On March 2, 2001, a form 8-K/A was filed regarding the
Merger Transaction with ZoomLot.
* Employment Agreement
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date:  June 14, 2001         By:   /s/ James J. McNamara
------------------           -----------------------------
James J. McNamara
By:   /s/ Robert B. Dixon
Robert B. Dixon


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text:
Eastern Front Facts & Worksheets
The Eastern Front was a theater of war between Germany and the Soviet Union, along with their allies.
Worksheets /Social Studies /Famous Wars /World War Two (WWII) /Eastern Front Facts & Worksheets
Download the Eastern Front Facts & Worksheets
The Eastern Front was a theater of war between Germany and the Soviet Union, along with their allies. It lasted more than four years and was considered the largest military confrontation in history. Its outcome became the determining factor to the defeat of the Axis powers, particularly Germany.
See the fact file below for more information on the Eastern Front or alternatively, you can download our 23-page Eastern Front worksheet pack to utilise within the classroom or home environment.
GERMANY AND SOVIET UNION RELATIONSHIP
The loss in World War I had been hard for the Soviet Union and Germany. The Soviet Union lost major territories as a result of the Treaty of Brest-Litovsk where Bolsheviks gave central powers, consisting of Germany, Austria-Hungary, the Ottoman Empire, and Bulgaria, the control of Poland, Lithuania, Estonia, Latvia, Finland, and other areas.
After eight months, Germany surrendered to The Allies, giving the former Soviet Union territories independence under the terms of the Paris Peace Conference of 1919.
The Soviet Union was under civil war, and the Allies does not recognize the Bolshevik government, making them unrepresented in the Paris Peace Conference.
As the western nations entirely distrusted Germany and the Soviet Union, it did bring Moscow and Berlin closer together.
During the 1920s, Germany and the Soviet Union supported each other politically and economically.
They were dependent on each other's resources. The Soviet Union exported raw materials to Germany while Germany helped the Soviet Union modernize and assist in establishing tank production facilities.
In 1926, the Treaty of Berlin was created, declaring the Soviet Union and Germany's neutrality for five years in case of an attack on the other by a third party.
The two nations also entered into an economic treaty in August 1939, the "German-Soviet Commercial Agreement." It entailed the Soviet Union's obligation to deliver 180 million Reichsmarks in raw materials in response to German orders. At the same time, Germany would allow the Soviets to order 120 million Reichsmarks for German industrial goods.
In the same month, they also signed the Molotov–Ribbentrop Pact, a non-aggression pact that served to continue the adherence to the Treaty of Berlin.
This pact included additional protocols, including Eastern Europe being divided into Germany and the Soviet Union's zones of influence.
As part of the pact, Germany started invading Poland on September 1, 1939, which started World War II. The Soviet Union followed and entered Poland from the east on September 17.
They continued to invade European countries according to their pact.
They expanded their existing agreements and created new ones to support each other.
However, Germany broke its pact when Hitler invaded the Soviet Union on June 22, 1941.
BATTLES IN THE EASTERN FRONT
Operation Barbarossa (June 22, 1941 – May 9, 1945) German troops started to invade the Soviet Union, completely disregarding the Molotov–Ribbentrop Pact. It took the Soviet leadership by surprise and the Red Army unprepared. Different battles occurred in Germany's attempt to acquire new territories in Russia for their "master race," the Germans.
The Battle of Smolens (July 10 to September 10, 1941.) It was considered as one of the first victories of the Germans against the Soviets. However, the resistance of the Soviet troops showed that they were still fighting and not yet defeated.
Siege of Leningrad (September 8, 1941 – January 27, 1944) It lasted for three years and was also called the 900-day prolonged siege. It took 1 million Red Army and civilian lives.
Battle of Moscow (October 1941 to January 1942) The severe Russian winter took a toll on the German troops, halting their offensive and demoralizing their troops.
Battle of Stalingrad (August 23, 1942 – February 2, 1943) One of the bloodiest and brutal warfares in history where 2 million casualties were recorded. However, it was the turning point toward The Allied force's victory. It was also the first war Hitler admitted to having lost.
Operation Bagration (June 23 to August 19, 1944) The Belorussian Strategic Offensive Operation of the Soviet Union to attack the German Group Center placed in Byelorussia and Ukraine.
Operation Spring Awakening (March 6 – 16, 1945) The last major offensive campaign of Germany to either destroy the Soviet's oil facilities or recapture the oil-producing areas in the Lake Balaton region. The Soviet Union crushed Nazi Germany in this battle.
Operation Silver Fox (June 29 to November 17, 1941) It was a German-Finnish campaign against the Soviet Union to cut off and capture the Port Murmansk.
Battle of Berlin (January to February of 1945) Also known as the Fall of Berlin, it was a strategic offensive operation of the Soviet Union. It sealed the Soviet Union's victory against Germany and marked the end of Hitler's regime.
Hitler had an ideology that the Germans were the "master race," and the Russians were sub-humans.
He was advocating that the Germanic race must inhabit Eastern Europe. while the current occupants in the Soviet Union and central Europe would be partially deported to West Siberia and later be exterminated. He also planned to wipe out the Jewish population in Central and Eastern Europe.
Historians have a consensus that Stalin should have known Hitler was planning to attack the Soviet Union. Hitler's view of Soviets as an inferior race and the German troops on the Soviet border should have clued him.
Stalin believed Hitler's cover story that his troops' presence was to keep him out of range of British bomb strikes. He even ordered not to shoot any German spy planes despite multiple invasions on the Russian airspace.
HOW DID THE SOVIET UNION WIN?
The Soviet Union practiced equal gender treatment during the communism era. Almost one million women signed up and served in World War II as anti-aircraft gunners, snipers, partisan guerrillas, and fighter pilots.
In the first week of Operation Barbarossa, Germany had managed to kill or wound 150,000 soldiers and destroyed 2,000 Soviet planes. However, the Soviet Union seemed to have an unlimited supply of resources and troops. The Soviet troops also adhered to Stalin's order to fight to the last man.
The Soviets blocked road centers long after the German tide had swept past them. They burned crops, evacuated factories, and destroyed bridges and railroad cars, making the advancement of German troops much more difficult.
A series of rainstorms turned the Russian roads into clogging mud, which also slowed down the German tanks and transport.
The severe Russian winter dampened Germany's offensive strategy as their soldiers suffered from frostbite and their pieces of machinery malfunctioned.
Eastern Front Worksheets
This is a fantastic bundle which includes everything you need to know about the Eastern Front across 23 in-depth pages. These are ready-to-use Eastern Front worksheets that are perfect for teaching students about the Eastern Front which was a theater of war between Germany and the Soviet Union, along with their allies. It lasted more than four years and was considered the largest military confrontation in history. Its outcome became the determining factor to the defeat of the Axis powers, particularly Germany.
WWII: Eastern Front Facts
The Eastern Front Leaders
Gentlemen's Agreements
Events in the East
Name the Battles
Before World War II
The Two Eastern Front
A Dictator's Wisdom
Hitler's Ideology
The Horrors of War
Eastern Front Facts & Worksheets: https://kidskonnect.com - KidsKonnect, July 28, 2020
Link will appear as Eastern Front Facts & Worksheets: https://kidskonnect.com - KidsKonnect, July 28, 2020
WWII: Western Front Facts & Worksheets
Warsaw Pact Facts & Worksheets
Suffrage Facts & Worksheets

redpajama_set_name: RedPajamaCommonCrawl


Connecticut Gov. John Rowland vetoed the bitterly contested "Sooty Six" bill aimed at forcing the state's oldest and most-polluting power plants to reduce emissions.
The bill had been debated for four years as environmentalists and the electric power industry squared off.
"This is one of the more difficult decisions I've had to make as governor over the last seven years," Rowland said. "There's no one in Connecticut that does not want clean air."


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Jennifer Bice's Cheesemaking Legacy a Gift to a New Generation of Cheesemakers
Jennifer Bice, pioneering goat milk farmer and master cheese maker, as well as Founder of Redwood Hill Farm & Creamery, announced today a plan to ensure that her legacy of cheese making continues with the next generation.
Redwood Hill Farm & Creamery's French-style cheeses, made since 1994 at Jennifer's farm and since 2004 at its Sebastopol creamery, will ensure continued production in the hands of local artisan cheese maker, Seana Doughty of Bleating Heart Cheese in Tomales, CA. Jennifer Bice will also establish an annual scholarship for aspiring young cheese makers.
Over the course of her career as a cheese maker, Jennifer Bice has created a number of award-winning, French-style and fresh goat milk cheeses including Bucheret, Terra, California Crottin and Chèvre. As part of her succession plan for retirement, she will pass on recipes and cheese making equipment to fellow cheese maker Doughty, ensuring that cheese lovers will continue to enjoy Redwood Hill Farm's signature flavors for years to come.
All of the goat milk for these cheeses will continue to come from Jennifer's 300 dairy goats at her own farm in Sebastopol. Production of French-style, rind-ripened goat milk cheeses will cease at the Sebastopol creamery and is expected to begin again after Bleating Heart Cheese has adapted its production capacity and schedule in 2018. Bleating Heart Cheese will continue making all of its current cheeses, while adding these new recipes over time. Bice's line of traditional goat milk cheeses, including Aged Cheddar, Smoked Cheddar and Goat Milk Feta will remain for sale under the Redwood Hill Farm label.
"In my heart, I have and will always be a farmer and a cheese maker," says Jennifer Bice, "Looking to the future, I want to make sure my cheeses live on and that the next generation of cheese makers, especially women, get the support they need in the marketplace. My life focus will return to my goats, which is where I started at the age of sixteen."
In addition, Jennifer Bice has put in place an annual $10,000 scholarship to a deserving individual involved in the field of artisan dairy or cheese making to provide support in ongoing education, and investments in creamery and farm infrastructure. The grant will be administered by the California Artisan Cheese Guild and will be awarded for the first time in the summer of 2017. Details on how to apply are forthcoming.
Retiring from hands-on cheese making of Redwood Hill Farm's French-style, rind-ripened cheeses and Chèvre is the second step in Jennifer Bice's journey of succession planning after selling her business to farmer-owned dairy maker Emmi of Switzerland a little over a year ago.
At Redwood Hill Farm & Creamery, we have long been known for making healthful and delicious goat milk yogurt, kefir and artisan cheeses – but did you ...
Farm tours are by advance reservation only. Reserve your spot!
Stories / Nutrition
The pros of probiotics
All of a sudden, it seems that probiotics have invaded every aisle of the supermarket. But if you're still confused about what probiotics actually are...
Download a PDF of this announcement


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Home Contract Awards Boeing Lands $313M Follow-On Award for Canadian Air Force Chinook Fleet Support
Boeing Lands $313M Follow-On Award for Canadian Air Force Chinook Fleet Support
Nichols Martin
Boeing (NYSE: BA) has received a $313 million follow-on contract to provide logistics, engineering, supply chain, data analytics and training services for the Canadian air force's fleet of Chinook heavy-lift helicopters.
The company said Tuesday it will continue to provide lifecycle support to the CH-147F helicopters through 2023 under an amendment to a performance-based logistics contract originally awarded in 2013.
Canada's air force reviews its Chinook fleet support needs on a quinquennial basis.
Turbo Sjogren, vice president of international government services at Boeing, said the company aims to help the military service increase system availability and decrease maintenance cycles using predictive tools under the PBL agreement.
The company intends to continue working with its Canadian aerospace industry partners to support the country's Industrial and Regional Benefits Policy.
Boeing said it has 2,000 highly-skilled workers and nearly 560 suppliers throughout Canada.


WASH Alliance Bangladesh is organizing a national seminar on Role of private entrepreneurs in achieving SDG 6: Bangladesh perspective. The seminar will be held on Thursday, 27 October 2016 at Conference Room, Bishwo Shahitto Kendro, 17 Kazi Nazrul Islam Avenue (Bangla Motor), Dhaka-1000from 10 am to 1:30 pm followed by a lunch. The seminar will have presentations and discussions on survey findings and case studies on sanitary entrepreneurs supported by WASH Alliance programmes funded by the Government of the Netherlands.


Set in a former Victorian bank, Threadneedles, Autograph Collection Hotel by Marriott, blends stunning historic architecture including a stunning hand-painted stained glass dome above the lobby with modern comfort and technology. This five-star hotel in Central London puts you just a fifteen-minute walk from the Tower of London and Tower Bridge, 12 minutes from St. Paul's Cathedral, and 20 minutes from Shakespeare's Globe Theatre. Those visiting London for business will appreciate easy access to the Financial District and having Bank Station just a three-minute walk away, making it easy to travel throughout the city. Continental and hot breakfast options are available each morning, and you can visit Marco Pierre White Wheeler's of St. James's Oyster Bar & Grill Room for fresh seafood and steak.


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Home › Newsroom › Press Releases › 2010 › May › Commerce Secretary Gary Locke, NDRC Chairman Zhang Ping Explore Avenues to Expand U.S.-China Clean Energy Ties
Commerce Secretary Gary Locke, NDRC Chairman Zhang Ping Explore Avenues to Expand U.S.-China Clean Energy Ties
Submitted on May 20, 2010 - 8:32am
Business delegation
Li Keqiang
National Development and Reform Commission
Zhang Guobao
Zhang Ping
Locke introduces U.S. business delegation to top Chinese officials
On the first day of the final stop of U.S. Commerce Secretary Gary Locke's clean energy trade mission to China, Locke met today with China's National Development and Reform Commission Chairman Zhang Ping. With a delegation of 24 U.S. clean energy companies in tow, Locke and Zhang discussed ways to continue to build a constructive and cooperative relationship that increases economic growth, trade and jobs in the United States and China, and explored avenues to expand U.S.-China ties in clean energy development.
After their meeting, the two leaders were joined by the business delegation for a discussion about ways to improve U.S.-China collaboration in areas such as energy efficiency and electric energy storage, transmission and distribution.
"The American business leaders are finding that there are promising opportunities for U.S.-China joint ventures in clean energy here in Beijing and in other Chinese cities," Locke said. "These types of projects will generate jobs for American workers back home and help both the U.S. and Chinese economies grow."
Locke also introduced the business delegation to Vice Chairman Zhang Guobao, the National Energy Administration Administrator, Vice Minister Ma Xiuhong of the Ministry of Commerce, and Vice Premier Li Keqiang. In his meetings with the Chinese leaders, the Commerce Secretary advocated on behalf of American companies that have pending commercial clean energy deals that would support U.S. exports.
The American firms also held one-on-one meetings with Beijing-based businesses to explore new business opportunities in clean energy.
The trade mission aims to advance President Obama's National Export Initiative, which is focused on doubling U.S. exports within five years to support job growth. This is the first Cabinet-level trade mission of the Obama administration.


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By Sajid Khan / June 1, 2020 28
The past few days were marked by excessive force by San Jose police against demonstrators. (Photo by Kyle Martin)
Why do we need police at the protests against their very existence?
Wouldn't it be safer and smarter to just let our citizens and people express themselves and not pit them against already trigger-happy, testy, easily insulted armed cops whose careers and jobs are being called into question?
Isn't this the moment to start policing our community differently by not actively policing them—especially with armed cops?
No more, or at least less, "proactive" policing.
We need to shift away from police contacts with civilians that are not necessary and do not promote public safety. These police contacts disparately target minorities and find their roots in implicit biases about people of color.
No more hunting by police for "criminals" that haven't committed an obvious crime. No more "consensual encounters" with random black or Latino male on the street to gather gang intelligence. No more stop and frisk. Less laws, less probable cause.
Instead, community service oriented policing. More fix-it tickets. More reactive policing where officers respond to discrete crimes with distinct information looking for specific suspects. Less subjectivity, less room for implicit bias to rear its ugly head.
Isn't this the moment to reevaluate who we hire and train as police officers?
Police departments are more likely to hire aggressive, confrontational people rather than compassionate, peaceful types. This practice of hiring the combative instead of the kind manifests in hostilities and distrust on the streets between police and the public, particularly people of color. Police contacts become stages for battle. A community member's tension, nervousness or anger triggers an already testy officer. Explosions, literal and figurative, ensue.
Eric Garner, Alton Sterling, Oscar Grant, George Floyd dead.
We need a concerted shift in who we employ to serve and protect. We need a return to police as peace officers, not law enforcement officers. We must demand that police act as guardians, peacekeepers and protectors for the communities they serve.
We should emphasize qualities such as compassion, empathy and sensitivity in our hiring of police. We should recruit the cerebral, detail oriented, calm, rational, and composed to be our police officers.
We don't need warriors with guns walking our streets. We need protective problem solvers. Isn't this the moment to finally change the way we do things? Instead, as I write this, our police state grows and perpetuates with the imposition of citywide curfews.
Sajid A. Khan is a deputy public defender in Santa Clara County and one half of the Aider and Abettor podcast. Opinions are the author's own and do not necessarily reflect those of San Jose Inside. Send op-ed pitches to [email protected].
Sam Liccardo
Op-Ed: No More Policing Who 'Gets' to be Queer
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At a City Hall Thursday, protesters called on San Jose's elected officials to take a stand against local law enforcement killing people of color.
Op-Ed: Black Lives Matter, Police Lives Matter—But the System Has to Change to Stop Bloodshed
San Jose Police, Elected Officials React to Dallas Sniper Attack
View all Alton Sterling Posts →
Op-Ed: Black Prosecutors Play a Vital Role in Our Justice System
For black people to achieve equal justice, we need to be a part of every aspect of the criminal justice system that directly affects us.
Q&A: San Jose Independent Police Auditor Shivaun Nurre Talks Oversight, Accountability
Sheriff's Office Still Coy about Use of Force in Local Jails
View all Eric Garner Posts →
DA Backs Off Whistleblower Complaint After Fierce Backlash From Public Defenders
The truce may have come too late for the South Bay's prosecutor-in-chief to shake off an unfortunate new nickname: DA Karen.
Letter: 650 Public Defenders Stand Behind Sajid Khan
View all Sajid Khan Posts →
SJ Sues Trump Over 2020 Census
View all Sam Liccardo Posts →
LIVE UPDATES: Silicon Valley Gears Up for Another March Against George Floyd's Killing
SCC Resident Jun 1, 2020 @ 8:26 am
Given the amount of responsibility, and authority, that people are given when sworn in as a police officer, it makes sense to do a full vetting of the person's background, mental and psychological history, etc. I appreciate the fact (if it is indeed a fact) that SJPD requires a college (hopefully a bachelors) degree to join the force.
In this opinion piece, I do agree with Mr. Khan that we should go back to the idea of a peace officer rather than a LEO (law enforcement officer). People like the SJPD riot cop that was showing lots of signs of being rarin' to go bust heads doesn't need to be on the street. Nor on the force. His behavior, actions, attitude and language demonstrate his lack of understanding of what his role is supposed to be.
However, I'm not sure if a strong show of force to protect the city (ie, property) from looting mobs isn't entirely appropriate. But when the riot police start marching toward the protesters (as opposed to the looting mobs) and telling them to disperse, that crosses a line. With that, they are saying they are ready to rumble with anyone, which, again, is highly inappropriate and will just further fan the flames just as our Cheeto-in-Chief does with his twit account on an hourly basis.
SJ Kulak Jun 1, 2020 @ 8:29 am
is this an onion article?
just because you are protesting the polices existence doesn't mean you are the only people that exist
why we need them is to protect us and our stuff from looters, rioters, and road blockages that come part and parcel with your protests
you want to protest, demonstrate, virtue signal, go for it…
just don't 'burn this place down', don't pillage the Target, and don't block me from going to the store, work or the hospital
you have your rights, we have ours
this Minneapolis thing is not going to get solved by getting a large screen after breaking some glass, setting fire to Altanta police cars, or taking 2 for 1 in San Jose, San Antonio, or San Diego
its going to get solved in Minneapolis, in the city council, in police/community discussions, between their residents, their leaders, and their police
and cops will always kill civilians to some extent, it is the cost of granting them a monopoly over violence which civilization requires
the alternative, anarchovigilantism, does not work and will not work
SR27 Jun 1, 2020 @ 7:18 pm
Thank you for writing this op-ed. I have been waiting for someone to comment on why we are addressing concerns of police violence with police violence. I'm sorry that so many commenters are only capable of insulting you, or responding with fallacious arguments. Reading these comments makes me feel as if there is little hope of change, especially when individuals are unable to reason, and seem incapable of empathy.
To SJ Kulak: please don't engage in false dichotomies, and if you must please educate yourself on anarchism before you make ignorant claims about anarchovigilantism, which is not even thing. It's made up concept, for which no evidence exists of it's having been instantiated. You also seem to be playing the victim in this about your rights being trampled. It's hard for me to see you as any sort of victim when you care more about property and the windows at Target than the live of people.
FEXXNIST Jun 1, 2020 @ 7:35 pm
SR27, ANOTHER MONKEY OF THE CRAZY BERNIE CLUB! These are the same guys that want us to leave dictatorship Muslim countries alone, praise Fidel Castro and support Maduro. The same guys that focus on all "injustices" around the globe but the Bacha Basi, rape of boys, in some Muslim countries. These are the democrats who have the erroneous belief of being the based of the Democratic Party and to be needed by Biden to win. It was demonstrated you extreme 'democrats' are the 4% of the Democratic Party as Pelosi stated. Biden needs the moderate, independent, and disengaged Republicans, not the extreme left!
> It was demonstrated you extreme 'democrats' are the 4% of the Democratic Party as Pelosi stated. Biden needs the moderate, independent, and disengaged Republicans, not the extreme left!
Highly amusing.
Pelosi likely thinks that Leon Trotsky was a "moderate Democrat".
What the hell do "extreme democrats" believe?
SJ Kulak Jun 3, 2020 @ 4:59 pm
getting rid of police protection in the face of loot-riot that has claimed 16 lives is asking me to forgo my rights
police exist for a reason and yes anachrovigilantism is a made up concept, but it is the logical result when the cops don't do here their job, re: Koreans on roof-tops
and yes, I do think property rights are fundamental to human and civil rights, you ain't free, you aren't even human, if the state owns your stuff. and the cops enforce property rights, so they are the best civil rights organ we have if coupled with the bill of rights.
ask yourself how many people died in your ideology, you know communism, people over profits, housing is a human right, blah, blah, blah. the only people who do well in communism are body bag makers
Dekulakization
Great Purge
Great Leap Forward
and on
Is it any surprise these communist protests of 2020 are so violent?
Vacancy Vaquero Jun 1, 2020 @ 9:27 am
The old joke ends when Tonto says the punchline, "What do you mean 'we', white man?" Of course, one can only guess at the skin color of Sajid Khan.
Here are photos of a protest with almost no police presence:
https://www.indybay.org/newsitems/2020/05/31/18833476.php
It looks like the last gasp of UCSC before all the students move away and complete their UCSC degrees online.
The San Jose protest started Friday and marched onto 101. That's against the law (ordinary legislated state law, not some emergency "order") and a hazard to the public. What else are CHP and SJPD for?
> cops will always kill (black and brown) civilians to
> some (much greater) extent (than white people), it is the
> cost of granting them a monopoly over (racist) violence
> which (a Eurocentric) civilization requires
There, since we're talking about the United States, I fixed that for you, Kulak. YW.
SJ Kulak Jun 1, 2020 @ 10:08 am
Tuen of MSNBC, you'll be happier.
Cops kill more whites than brown and black civilians.
https://www.statista.com/statistics/585152/people-shot-to-death-by-us-police-by-race/
Cops disproportionally kill more whites than brown and black civilians when accounting for law enforcement interactions.
https://www.washingtonpost.com/news/wonk/wp/2016/07/13/why-a-massive-new-study-on-police-shootings-of-whites-and-blacks-is-so-controversial/
Yes, America is a Eurocentric civilization. Property rights matter, rule of law matters, intersectionality is a intellectually and morally bankrupt ideology.
SCC Resident Jun 1, 2020 @ 1:09 pm
That Statista page is interesting, but it only shows absolute numbers. It would be far more interesting, and appropriate, if it provided numbers as a percentage of the population. I don't know exact numbers, but for example, African Americans represent maybe 8% of the US population, but represent 30% of all incarcerated persons in the US.
That same page also says this: "The number of homicides committed by police in the United States is often compared to those in countries such as England, where the number is significantly lower." And this: "the trend of fatal police shootings in the United States seems to only be increasing."
There ya go.
The paper the WP comments on points out there are disproportionate LEO engagements with Blacks and Browns. It's massively disproportionate actually. Whites do commit crimes, like drug dealing, robbery, etc but they do so in general on private property. Due to the genius idea of prioritizing public funded housing, minorities commit crime in public spaces and are not given the presumption of privacy and get caught. I would argue there goes our friend unintended consequences. But that's what not listening to anyone who knows anything about money and making owning and renting from private people impossible and making public housing the only resort.
Cops killing anyone sucks, but this 'cops killing black bodies' bu**sh**' is not reality, it is actually a function of the numbers.
TAXPAYER Jun 1, 2020 @ 9:55 pm
A bit of research helps. US black population: 13.4% (source 2010 Census), now estimated at 14%. CA: about half @ 7%.
Yet…blacks comprise 45% of 3-strikers in CA state prisons. 53% of all gun US homicides (about 1/3rd of all gun deaths; suicides are about 2/3rds). FWIW, blacks have a lower suicide rate than whites. Men in all races more likely to kill themselves. Sources: FBI Uniform Crime Report, CA CDCR, NIH/CDC.
Possible some racism may contribute to the conviction disparities, but tough to imagine so wide a gap much. Particularly when D.C, is examined. Large black population, large numbers of black cops and judges. Even more disproportional.
"His behavior, actions, attitude and language demonstrate his lack of understanding of what his role is supposed to be."
A typical stress reaction includes smiling and boxer-like movement. SJPD has relatively little experience in these sorts of encounters unlike some other areas (e.g. DC & NYC) where protests are more common. The cop's reaction is easily explained by self-talk stress – not a call to action. Happens a lot – particularly sports & warfare. Disclosure – didn't watch the video & assume comments here fairly accurately portray the situation.
" not sure if a strong show of force to protect the city (ie, property) from looting mobs isn't entirely appropriate."
Worked in Chicago after Mayor Daley issued a shoot-to-kill order for looters and arsonists during the MLK riots. Pleas by community leaders, a curfew, and other less draconian measures failed. The STK order worked. Force typically does against bullies – in a mob or as individuals.
SCC Resident Jun 2, 2020 @ 10:37 am
Hey Tp, you're mixing things up. My point was that as a percentage of population, African Americans are more likely to get stung in various ways. Again, I'm not talking about things like the percentage of all gun related deaths and such, but how our African American neighbors continue to get the shaft by the legal system, as a percentage of the population. Then BBC releases this yesterday:
It shows:
1. African-Americans are more likely to get fatally shot (by police)
2. African-Americans are arrested at a higher rate for drugs (though usage is on par with whites)
3. More African-Americans are imprisoned
The semi-related stats you talked about prove these points, how many African Americans are imprisoned for three strikes. They're always getting the shaft by our society.
P Roppo Jun 3, 2020 @ 4:32 pm
SCC — It's pretty simple really. Blacks, whites, browns, yellows/everybody all end up dead in direct proportion to their propensity for committing violent crimes.
Care to guess who is the least likely to have problems with police? Asians. Oh – those RACIST cops!
"you're mixing things up"
Not mixing things up in the least – just wish you'd be more careful instead of tossing out vastly incorrect, yet easily checked figures.
"My point was that as a percentage of population, African Americans are more likely to get stung in various ways."
Agree and supported by data. I can add more disproportionalities: single parent households, illegitimate births, scholastic achievement, rates of violent and property crime convictions. Rates of crime victimization (most violent crime is same race for all races). Other differences too like the rate of STD infections, particularly HIV.
Useful to remember that 'correlation does not imply causality'.
But who owns the problem? What are the workable solutions, by how much, at what cost, and how long to see improvement?
We've spent massive amounts of public and private money since the 1964 civil rights act. One can argue that the expenditures are effectively reparations. And produced some positive outcomes.
There have been improvements for blacks in life expectancy, literacy, and prosperity (actually more under Trump than Obama). Yet we still have glaring differences when analyzed by race. Offhand, don't know if aspects like conviction rates have changed pre v. post civil rights act.
One warranted justice reform (and arguably motivated by racism): stiff sentencing for smoking crack v. less severe for snorting coke. I believe sentencing is now equal.
Eager to know of others. Please identify warranted reforms so we can advocate for them.
> There have been improvements for blacks in
> life expectancy, literacy, and prosperity (actually
> more under Trump than Obama)
Those (unreferenced) facts (for life expectancy and prosperity) are dated. Any kinds of gains made during the impeached President Cheeto's regime have surely been wiped away due to mishandling of a global pandemic. Speaking of references, how did you come up with the idea of "more under Trump than Obama"?
If anything, it took Obama 6-8 years to clean up George Bush Jr's mess, then comes the thin-skinned reality TV figure who can barely read for himself, and he screws things up worse than Junior in his bumbling 8 years.
Like math textbook examples that give an answer, "the solution is up to the reader to derive". Do your own research. It would be a refreshing and welcome improvement.
Happy to be corrected. And see more recent studies that you doubtlessly can provide. Your sources?
And still waiting for your examples of racist policies that merit correction. "Enquiring minds want to know"
Work90 Jun 3, 2020 @ 8:36 am
SCC, when you (and others) say things like "thin-skinned reality TV figure who can barely read…", all I hear is: "I am a closed minded person who lacks the skill of critical thinking and is easily influenced by the media".
Perhaps if you were a little more objective in your posts you could be taken seriously. Being close minded, bigoted, and angry is no way to go through life in my opinion.
Susan Bassi Jun 1, 2020 @ 9:50 am
Our freelance team has covered large protests in San Jose for the past four years. 2017 Women's March, same area , saw three media trucks at the perimeter and a total of 5 police officers. The cops were on motorcycles and never got near the crowd. Ratio of protestors to cops at this protest : 1000 to 1
2018 Separation of families at the border, not as many people, but protestor to cop ratio 1000 to 1.
For the George Floyd protests in San Jose this past weekend the ratio was easily the absolute opposite 1 to 100. While I saw good police officers out over the weekend, I also saw some police officers shooting and gassing a crowd that simply did not appear to pose a threat. The violence and looting occurred AFTER the police reaction, Bottom line: There were far more police officers than protestors on Friday night in San Jose.
Interestingly enough San Jose Police Chief Eddie Garcia was one of the first top cops to denounce Derek Chauvin's role in George Floyd's death. However, police chiefs will not be judged by what they say now, they will be judged by the culture they manage and supervise in their own departments. Locally, Chief Garcia is not off the hook. He has police officers such as Jonathan Silva to answer for. And then there are all the police reports, domestic violence calls and manner in which these police officers speak about victims. ( Yes, our insiders have reported what cops said about the San Martin rape victims as the told the public they were outraged ) . Chief Garcia should be worrying about what his officers are doing right here in San Jose. That includes what these police officers are doing when it comes to the local DA and criminal justice system.
The culture of a police department is defined by the duly elected leaders in a community. This means the district attorneys, judges, Santa Clara County Supervisors and mayors. These elected officials , and the government lawyers, working as a " risk management team" are the ones who write the police contracts and defend cops who lie in in police reports or commit perjury to get an incompetent DA a plea deal or conviction through jury nullification.
The courts are closed today. The press release noted the reason as related to the protests. Instead consider we now have juries who will question if a police officer has told the truth. If video has been edited, or " unavailable" , a jury may finally question what was going on when the cameras were not rolling.
So yes, the author has a point. It felt as though the police presence and conduct at these protests incited protestors and maybe even the looting. But think about the response, it clearly came because this is a big crack in the #ThinBlueLIne and we all know what the public will see when there is a little sunshine flooding in to what is just behind that line! Here are two of the Videos from Friday's George Floyd Protests in San Jose. You decide :
https://www.youtube.com/watch?v=ZameoFn-uQQ&t=45s
Mr. Khan you are the greatest idiot of this time. You think you are tryin to help but failed. People are NOT protesting against the existence of police. They are exercising their right to protest again police unlawful killings and abuse of power. The people have a right to protest and police a duty to monitor situation and preventing crimes. Anyone trained in crisis situations knows the importance of not reacting to people's emotions and words. If you are the professional addressing the crisis, you main goal is to de escalate not make crisis bigger. Officer's Yuen behavior escalated the situation. He was ready to fight not monitor and prevent…
On another note Mr. Khan, aren't you the public defender who was the main person against the Persky recall? I have excellent memory. You were one of those that were trying to create the narrative that the Recall was against the judicial system but it wasn't. It was against the corruption and abuse of power of the judicial system in Santa Clara County. Back then, SJPD officers were also kicking signature collectors from outside the stores and other places, no crime committed. You and others never spoke against this violation of people's rights, on the contrary. I have insider knowledge about this too. I was one of those collecting signatures and fighting with police about my right to do this. If you are not a politician, your certainly behave like one, flipping!
For the people of San Jose and Santa Clara County, Please notice how Mr. Khan is part of the SVDe-Bug group. What this shows is that most of the time the people that create these groups have a political gain in mind. In the case of this guy Khan and other like him, they just want to show a false image of social justice advocates, but they flip based on personal and political gain, Thus Mr. Khan is pro people's right to protest now, but against women's right to collect signatures before. These are professionals politicians friends with Liccardo, Cindy CHAVEZ…They want people's votes and Goggle's money to support their political goals and financial gain. The other De-Bug people are the same. Use them to achieve your social justice causes. DO NOT VOTE FOR THEM OR THE CANDIDATES THEY SUPPORT. They are all a piece of sh!t!
Hey Fexx, I'm a Santa Clara County resident (see my name/handle!), and I don't vote for people who use playground bully tactics and calling people names. I wouldn't vote for you, and certainly not for your hero, the Cheeto-in-Chief. He acts like a scared little boy whose father hit him and berated him all the time. Wonder if that's what happened to you, too, given the stuff you write, and the personal attacks are you making.
About my father SCC, he is a man of a big faith and big mouth. He taught me that the only man deserving of my respect and obedience is the lord Jesus Christ. He also taught me to care and protect children, the elderly, the oppressed, and the not able, and to use any power and wealth for the sake of others. He taught my brothers to never hit a woman not even with the petals of a Rose. Thus no, I was raised by a tough and loving father with a big faith and a big mouth! It appears a big faith and big mouth are also learned behaviors.
Work90 Jun 1, 2020 @ 2:43 pm
Says the guy making a personal attack…..
SCC, I have never been a politician and do not plan to be. Thus, save your vote for when is hard to find toilet paper again. I have only one Chief, hero, King, Jesus Cristo. If the cheto cheese is sexually perverted Trump, I give a shi!t about him. I voted for Biden and will vote for him again. I don't like Biden, but my other two options were crazy Bernie or crazy Trump. Thus he won my vote by default. I know you share the mind and culture of Mr. Fake Khan, Khanna, and the like. Would you ever learn to be authentic and to have more [email protected]? I have lots of those to spare. I have uterine [email protected] though. DO YOU CARE Querido?
On another note SCC, my favorite snack is a bag of hot Cheetos and a Coke Zero. Thus, those are the only Cheetos I care to have. I am going to have some now to celebrate your Cheetos' comment.
TAXPAYER Jun 1, 2020 @ 10:24 pm
There's a line that I believe Khan has crossed.
SJPD officers and police in general are clearly instructed to NOT use their position for public advocacy. I've heard Chief Garcia raise problems with Prop 47 & 57 in talks. But not use his office or position as Kahn does.
Same for most public employees. A Public Information Officer handles such matters. Otherwise, it's unclear what is a government position v. an individual employee's position. And private industry too. Imagine the reaction if Apple's Tim Cook (an Alabama native) were to appear in public waving a confederate flag to celebrate his heritage.
Discord potential too. Should we now anticipate DA Rosen to advocate for 'lock 'em up and throw away the key' grudge match? I'd like a ringside seat.
Kahn could just as easily plant a piece e.g., submit it under Raj Jayadev's name (SV De-bug). But he didn't. And Kahn was prominently featured in a Spotlight piece about the court curfew. It seems as though his impassioned advocacy has eclipsed professional conduct and judgement.
I would take him to the woodshed were he my employee. And perhaps that's what he wants. Leave the defenders office in a burst of self-justified, glory martyrdom.
Plus he really needs to ensure the words and music align. Kahn's impassioned pleas for justice aren't reflected in the latest IPA report. Only about 5% of SJPD complaints are Sustained per the auditor.
Sure would be nice to know how many of his clients are frequent flyers. Spot data from several agencies cite the large number of revolving door re-arrestees since COVID $0 bail / home confinement begun.
Just wish someone would detail what constitutes a a $0 bail 'minor felony'. Is it like being 'slightly pregnant'?


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Home | Whats on | Workshop | Dividing Ireland Conference
Dividing Ireland Conference
Wednesday 17 Feb 2021 - 2:00pm to Friday 19 Feb 2021 - 4:00pm
An online conference exploring the road to and legacy of the partition of the island of Ireland 100 years ago.
Join us from 2pm - 4pm GMT on the 17th & 19th of February 2021 as our two panels of expert commentators, historians and academics examine the road to and legacy of the partition of the island of Ireland and creation of the Northern Irish state 100 years ago.
Taking place via Zoom webinar, this online conference is part of a programme of events in conjunction with the Tower Museum Derry-Londonderry's latest exhibition 'Dividing Ireland - The Origins, Impact and Legacy of Partition'. Details of how to join the webinar will be emailed to ticket holders a few days in advance and audience questions are encouraged to be submitted via the twitter hashtag #DividingIreland
Panel 1: The Road To Partition
17th February 2021, 2pm - 4pm GMT
From 1912 to 1920-21, Ireland experienced major political and social change, including the creation of two new political jurisdictions on either side of an uncertain border line.
This panel reflects on the political and social developments of the 1910s, culminating in the creation of Northern Ireland and the Irish Free State, and the partition of the island reflecting these constitutional changes.
Panel 2: The Legacy of Partition
This panel explores the impact of the constitutional changes that took place in Ireland in the early 1920s, including discussion of life and politics in Northern Ireland and the Irish Free State.
We will look at the legacy of partition with a focus on how it impacted the newly created border communities and how the new governments north and south built two very different political jurisdictions and cultures. The panel also discusses how this impacted on people on both sides of the border.
Susan McKay, Dr. Margaret Ward, Dr. Robert Lynch, Dr. Myrtle Hill, Dr. Johanne Devlin-Trew, Prof. Brendan O'Leary, Dr. John Regan
For further information or to make us aware of any disability access needs, please contact p.larkin@gmail.com
This event is part of the Understanding the Decade of Commemorations project, delivered by the Nerve Centre in partnership with the Tower Museum. The project is supported by the European Union's PEACE IV Programme, managed by the Special EU Programmes Body (SEUPB), match-funded by The Executive Office in Northern Ireland and the Department of Rural and Community Development in Ireland.


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Westermannia brillans är en fjärilsart som beskrevs av Pierre E.L. Viette 1965. Westermannia brillans ingår i släktet Westermannia och familjen trågspinnare. Inga underarter finns listade i Catalogue of Life.

Källor

Trågspinnare
brillans

redpajama_set_name: RedPajamaWikipedia