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The influence of Edgar Allan Poe on the art of music has been considerable and long-standing, with the works, life and image of the horror fiction writer and poet inspiring composers and musicians from diverse genres for more than a century.

Classical music

In 1907, American composer Grace Chadbourne set Poe's text to music with her "Hymn for Solo Voice: At Morn, at Noon, at Twilight Dim."

André Caplet's Conte fantastique for harp and strings, published in 1924 but begun at least as early as 1909, is a musical retelling of "The Masque of the Red Death".

In 1913, Sergei Rachmaninoff set his choral symphony The Bells to a Russian translation of Poe's poem of the same name.

The American conductor and composer Leonard Slatkin composed a setting of The Raven for narrator and symphony orchestra in 1971. A lesser-known American composer, Edgar Stillman Kelley (1857–1944) wrote a piece for orchestra entitled The Pit and the Pendulum.

The American composer Philip Glass wrote the 1978 The Fall of the House of Usher to a libretto by Arthur Yorinks.

The Russian composer Nikita Koshkin wrote the 1984 piece Usher Valse (Usher Waltz) for solo guitar, depicting Usher's frenzied guitar performance in the short story "The Fall of the House of Usher". The Usher Waltz has been recorded by John Williams and Elena Papandreou.

The American composer James Poulsen composed "Five Poems of Edgar Allan Poe" for medium high voice and piano in 1986. The song cycle was orchestrated in 1998 with a commission from Jack and Dawn Taylor of Des Moines, Iowa. The Des Moines Symphony premiered the work in 1999 with Robin Roewe, tenor. The poems in the set are: 'Alone', 'Evening Star', Hymn', 'A Dream', and 'To One in Paradise.' Poulsen has also set a letter of Poe, a letter of Maria Clemm, and the valentine poem of Virginia Poe to music.

The Finnish composer Einojuhani Rautavaara based his 1997 choral fantasy "On the Last Frontier" on the final two paragraphs of Poe's novel The Narrative of Arthur Gordon Pym of Nantucket.

Other operas based on stories by Poe are Ligeia, a 1994 opera by Augusta Read Thomas, and The Tell-Tale Heart by Bruce Adolphe. A ballet based on a story by Poe is Hop-Frog, a 2009 ballet by Terry Brown.

The American composer Dominick Argento wrote an opera, based on the death of Poe.

Leon Botstein, conductor of the American Symphony Orchestra—which presented a program of "Tales From Edgar Allan Poe" in 1999—noted that in the realm of classical music, as in literature, Poe's influence was felt more deeply in Europe than in America.

The American composer Emma Lou Diemer set "A Dream Within A Dream" and "Eldorado" for mixed chorus and piano. These works were published by Hinshaw Music, Inc. in 2001. Daron Hagen included settings of "A Dream Within a Dream" and "Thou Wouldst Be Loved" in the 1983 song cycle "Echo's Songs", published by E.C. Schirmer. Leonard Bernstein set "Israfel" as part of his song cycle for voices and orchestra, Songfest.

Greek composer Dionysis Boukouvalas set Poe's sonnet To Zante to music in 2001. Zante (or Zakynthos) is Boukouvalas's native island. After a revision of the work in 2012, it was premiered at the very same island with the composer at the piano, sung by soprano Andriana Lykouresi.

The British and American composer Tarik O'Regan uses portions of Poe's poem Israfel as the basis of his 2006 composition The Ecstasies Above for voices and string quartet.

The American composer Christopher Rouse based his 2011 symphonic poem Prospero's Rooms on the castle of Prince Prospero in "The Masque of the Red Death."

The American conductor and composer Adam Stern wrote a setting of Poe's early poem "Spirits of the Dead", subtitled "rhapsody for narrator and orchestra." The work received its world premiere in Seattle in October, 2014. Edmund Stone was the narrator, and the composer led the Seattle Philharmonic Orchestra.

American composer Daniel Steven Crafts Gothic Hauntings, for tenor and orchestra, setting Annabel Lee and Dream-Land   Recorded by tenor Brian Cheney.

Classically trained American organist/composer/vocalist Kristen Lawrence created a musical setting to mirror Poe's rhythm and mood for the 18 verses of "The Raven" in her 2012 album, Edgar Allan Poe's "The Raven."   This music was used during the National Endowment for the Arts THE BIG READ: Shades of Poe in San Diego and Burbank, California, during events designed to encourage and inspire the community through stories, music, authors, art, poetry, film, actors and dance to read the works of Edgar Allan Poe.

In 2018, American composer/violinist Edward W. Hardy composed three pieces inspired by Edgar Allan Poe: "Nevermore" for solo violin, "Evil Eye" for string quartet and "A Fantasy" for string quartet. "Nevermore" was inspired by The Raven, "Evil Eye" inspired by "The Tale-Tell Heart" and "A Fantasy" inspired by The Masque of the Red Death.

Popular music

Pop music
 Frankie Laine recorded a version of Annabel Lee in 1957, which was adapted from Poe's poem by Vic Corpora and Albert Lerner.
 When the Beatles compiled images for the cover of Sgt. Pepper's Lonely Hearts Club Band in 1967, one of the most recognizable faces was that of Poe, in the center of the top row. In the same year, John Lennon wrote his famous nonsensical work "I Am the Walrus", which contained the lines, "Elementary penguin singing Hari Krishna/Man, you should have seen them kicking Edgar Allan Poe."
In 1985 synth-pop band Propaganda (ZTT label, Trevor Horn, Steve Lipson) used Poe's poem 'A Dream Within A Dream' for the 1st track on their debut album 'A Secret Wish' with the same songtitle as Poe's poem itself. The poem is used as spoken word text (by Propaganda's Suzanne Freytag) on top of the majesticly composed track.
 Pop singer Britney Spears named her 2001-2002 concert tour the Dream Within a Dream Tour, incorporating lines from that poem (and other Poe works) into her show.
 Chamber pop band Antony and the Johnsons released a three-track EP titled The Lake in 2004 via Secretly Canadian Records. The eponymous title track is a musical rendition of Poe's poem of the same name.
 Scarlet's Well's fifth album Black Tulip Wings (2006) features musical settings of "To One In Paradise" and "Evening Star".
 Hikaru Utada wrote her 2014 song "Kremlin Dusk" about Poe's poem "The Raven".
 In 2017, French pop/celtic singer Nolwenn Leroy has set Poe's poems "A Dream" and "The Lake" to music, released on her album Gemme.
 In the Eurovision Song Contest 2023, Poe is referenced heavily in the lyrics of Austria's song "Who the Hell Is Edgar?" by duo Teya and Salena.

Folk, country, and blues
 The American folk and protest singer Phil Ochs set Poe's poem "The Bells" to music on his 1964 debut album, All the News That's Fit to Sing.
 The American folk group "the 3 D's" recorded a version of "Annabel Lee" in 1964 and included it on their New Dimensions in Folk Songs album.
 Bob Dylan's 1965 song "Just Like Tom Thumb's Blues" makes reference to "Rue Morgue Avenue".
 Poe's final poem "Annabel Lee" was set to music by composer Don Dilworth, and was recorded by Joan Baez as part of her 1967 album Joan, as well as by Spanish pop band Radio Futura.
 The blues/rock band, The Yardbirds, adapted The second stanza (and a portion of the first) of Poe's "Dream within a Dream" to music.
 The Irish singer-songwriter Fionn Regan, in his song, "Lord Helpy My Poor Soul", sings the lines "Lord help my poor soul, I'm down like Edgar Poe".

Rock, punk, and alternative
 In 1974, English glam rock band Queen recorded the song "Nevermore" based on "The Raven" for their second album Queen II. The song appears on the Black Side of the vinyl (side 2, entirely written by Freddie Mercury).
 In 1974 British band Ross released an album on RSO Records based on The Pit & The Pendulum. The lyrics of the closing track Oh, I'm Happy Now are an extract of the poem Bridal Ballad.
 In 1976, the British art rock group the Alan Parsons Project released a full album, Tales of Mystery and Imagination, based on Poe's stories and poems. Opening with an instrumental named for Poe's poem "A Dream Within a Dream", the album features songs based on "The Raven", "The Cask of Amontillado", "The System of Doctor Tarr and Professor Fether" (which was a Top 40 hit) and "To One in Paradise", as well as a five-part rock symphony called "The Fall of the House of Usher". Producer and engineer Alan Parsons released a remixed version of the album in 1987, featuring narration by Orson Welles; executive producer Eric Woolfson revisited the concept in a 2003 stage musical [Poe: More Tales of Mystery and Imagination].Also, in their 1980 album The Turn of a Friendly Card, there is an instrumental song called "The Gold Bug".
 The American rock band The Smithereens released a song called "William Wilson", based on the Poe story of the same name, on their 1989 album 11.
 American ska punk band the Cherry Poppin' Daddies released a song called "Teenage Brainsurgeon" which referenced A Descent into the Maelström and The Imp of the Perverse among other works of horror on their 1990 album Ferociously Stoned.
 Peter Hammill of Van der Graaf Generator released an operatic version of "The Fall of the House of Usher" in 1991. A remixed and re-recorded version was released in 1999.
 Blues Traveler featured the lyrics, "Once upon a midnight dreary", (from "The Raven") in their 1994 hit "Run-Around".
 Québécois artist Jean Leloup has a song "Edgar" depicting, in a somewhat humorous way, the last times of Edgar Allan Poe, on his landmark album Le Dôme (1996).
 Pop-punk band then known as A New Found Glory featured a song named "Tell-Tale Heart" on their 1999 album Nothing Gold Can Stay.
 The post-hardcore band Thrice has a song "The Red Death" on their album The Illusion of Safety (2002) which in style and plot refers to the short story "The Masque of the Red Death".
 Five Iron Frenzy's song "That's How The Story Ends" has several quotes from "The Raven" incorporated into it. It was released on their album The End Is Near (2003).
 Poe is mentioned in the song "St. Jimmy" by Green Day on the album American Idiot (2004). The lyric says, "I am the son of a bitch and Edgar Allan Poe, raised in the city in the halo of lights."
 The electronic alternative rock solo music project Latent Anxiety by Ilja Rosendahl based the song Red Death from the album Sensation (2007) upon Poe's "The Masque of the Red Death".
 The White Stripes, a garage rock duo from Detroit, reference Poe's short story, "The Masque of the Red Death", with their single titled "Red Death at 6:14".
 Swedish neo-glam rock band The Ark's album Prayer for the Weekend′s fourth track, "Little Disfunk You," claims the singer will be the "Murder in the Rue Morgue you're trying to solve," among other auspicious roles, including "mother" and "savior," that he hopes to play for the song's apparently emotionally repressed and sexually confused target.
 The post-hardcore band Chiodos cites Poe as one of their inspirations for lyrics from their third CD, entitled Bone Pallace Ballet.
 Italian rocknoir band Belladonna regards Poe as their main inspiration and have included a line from Ligeia in the booklet of their debut album, entitled Metaphysical Attraction.
 The Argentinian band Soda Stereo made a song called "Corazón Delator" from Poe's short story "The Tell-Tale Heart".
 The band Glass Wave included a song on their 2010 album entitled Annabel Lee, in reference to Poe's last complete poem.
 The album Dying Is Your Latest Fashion by Escape the Fate makes many references to Poe's short stories, specifically in the song "When I Go Out I Want to Go Out in a Chariot of Fire" the singer, Ronnie Radke, says "your heart beats under the floor" in reference to Poe's short story "The Tell-Tale Heart".
 The video for the Thirty Seconds to Mars song "Hurricane" ends with the lines from Poe's poem "Raven": "Deep into that darkness peering, long I stood there wondering, fearing, doubting, dreaming dreams no mortal ever dared to dream before".
 In 2010, American Rock band Black Rebel Motorcycle Club recorded "Annabel Lee" as a Bonus track for their album Beat The Devil's Tattoo.
 In late 2010, German Krautrock group Tangerine Dream recorded an album titled The Island of the Fay, which was released via online shops on March 18, 2011. The album was recorded by Edgar Froese and Thorsten Quaeschning, and introduces a guest electric violinist. The short story which the album is based upon, "The Island of the Fay", will be included in the album's liner notes.
 Trevor Tanner, via Emperor Penguin Recordings, released an Apple iTunes, Digital 45, entitled "The Ballad Of Edgar Allan Poe" on July 13, 2011.
 Stevie Nicks recorded Annabel Lee on her 2011 album In Your Dreams. Music by Stevie Nicks and Waddy Wachtel.
 Los Angeles band, Edgar Allan Poets, is creating rock music inspired by Edgar Allan Poe and Alfred Hitchcock. The Band wrote in 2012 the song "Crow Girl" inspired by "The Tell Tale Heart".
The 2019 album "Phantoms", from Canadian pop rock band Marianas Trench, contains multiple references to Poe's work throughout, including "Eleonora", referencing Poe's short story of the same title, and "Echoes of You", referencing "The Tell-Tale Heart".
The Starcrawler track ""Bet My Brains", off their 2019 album Devour You, was inspired by Poe's short story "Never Bet the Devil Your Head".

Metal
 Iron Maiden recorded a song titled "Murders in the Rue Morgue" for their second album, 1981's Killers.
 The thrash metal band Annihilator dedicated one song to Poe's short tale "Ligeia" in their debut album Alice in Hell (1989)
 Tool featured the lyrics "seems like I'm slipping into a dream within a dream" in the song "Sweat" on their 1992 album Opiate.
 Avant-garde metal band Arcturus have a song on the album La Masquerade Infernale (1997) called "Alone" incorporating the full, unaltered text of Poe's poem "Alone".
 The band Odes Of Ecstasy on their second album Deceitful Melody (2000) incorporates the full text of "The Conqueror Worm" under the title of "Abstract Thoughts."
 Grave Digger's 2001 album The Grave Digger is dedicated to Poe, and some of Poe's works, including "The Raven" and "Fall of the House of Usher" are the basis of a number of songs.
 Gothic metal band Tristania have a song called "My Lost Lenore." The song refers to "her raven eyes" and ends similarly to the poem "The Raven", still mourning his lost Lenore.
 The song "The Poet and the Pendulum" by Finnish symphonic metal band Nightwish is partly inspired by Poe's short story "The Pit and the Pendulum." Poe is one of the favorite writers of the band's leader, Tuomas Holopainen.
 Michael Romeo from Symphony X recorded an instrumental album called The Dark Chapter where has several songs inspired from Edgar Allan Poe including "The Cask of Amontillado", "The Premature Burial", and "The Masque of the Red Death". Symphony X would later include a reference to Poe's A Dream Within A Dream in the song "Through the Looking Glass" from the album Twilight in Olympus. Also the song "King of Terrors" from the album The Odyssey is based on and features quotes from Poe's story The Pit and the Pendulum.
 The Christian heavy metal band Tourniquet wrote their song "Tell-Tale Heart"  entirely as a tribute to Poe and have said that his works have inspired them throughout their tenure. The band also used a line from the story, "The Masque of the Red Death" in their song "Vanishing Lessons", from the album of the same title.
 German Ambient Doomrock band The Ocean used "The City in the Sea" as lyrics, only swapping a few lines to fit rhythmical patterns of the song. It was used both due to the band's love of Poe, and the themes common to both poem and band.
 The American death metal band Conducting from the Grave  based the lyrics to its song "Nevermore" off of Poe's poem "The Raven".
 The song "From Childhood's Hour" from Norwegian progressive metal band Circus Maximus is based on Poe's poem "Alone". Most parts of the lyrics are nearly identical to the poem itself.
 German funeral doom metal band Ahab has set Poe's poem "Evening Star" to music. It is present in the deluxe re-release of their 2012 album The Giant.
The 2019 album "The Heretics", from Greek black metal band Rotting Christ, contains song named "The Raven" which quotes verses from Edgar Allan Poe's poem "The Raven".
 Several heavy metal bands have made reference to Poe in their recordings. Progressive/thrash metal band Nevermore takes its name from "The Raven". Other metal bands that have written songs inspired by Poe are: Agathodaimon, Annihilator, Crimson Glory, Ra's Dawn, Manilla Road, Donor, Hawaii, Rage, Metal Church, Stormwitch and Turbo.

Rap and Hip-Hop
 MC Lars heavily refers to "The Raven" in his song "Mr. Raven" on his album The Laptop EP (2004). The song includes the words, "We got EAP in the house tonight, Edgar Allan Poe. America's favorite anti-transcendentalist." He continues to refer to "The Raven" throughout.
 Edgar Allan Poe was pitted against Stephen King in 2013 in Epic Rap Battles of History's Season 3 episode "Stephen King vs Edgar Allan Poe."

Musicals and scores
In the West End musical, Snoopy!!! The Musical, a musical number in act one is titled "Edgar Allan Poe". In the song, some characters are worried that their teacher is  going to ask them something about Edgar Allan Poe, who they know nothing about, while other characters list facts and titles by Poe.

Spoken word
 Jim Reeves recorded "Annabel Lee" in 1963 for an album of poems called Talkin' To Your Heart.
 The tribute album Closed on Account of Rabies produced by Hal Willner was released in 1997, with musicians and actors such as Jeff Buckley and Christopher Walken reading Poe's works with background music.
 Lou Reed released a double CD concept album called The Raven in 2003 that featured a number of musical and spoken-word interpretations of Poe, with guest appearances from various actors, including Steve Buscemi and Willem Dafoe.

Other genres
  Noël Coward's parody version (Las Vegas, 1955) of Cole Porter's "Let's Do It, Let's Fall in Love" (1928) includes the lines: "E. Allan Poe, ho ho ho, did it / But he did it in verse / H. Beecher Stowe did it / But she had to rehearse".
Buddy Morrow and His Orchestra recorded an album of songs based on Poe's work.  The album, Poe for Moderns, was recorded by the jazz ensemble at Webster Hall in New York in 1960 and includes the following tracks: "The Murders In The Rue Morgue", "Annabel Lee", "The Gold Bug", "A Descent Into The Maelstrom", "The Bells", "The Fall Of The House Of Usher", "The Pit And The Pendulum", "Ulalume", "The Black Cat", "The Raven", and "Quoth The Raven/The Tell-Tale Heart."
 In 1972, Israeli singer Shlomo Artzi recorded his own setting of the famous Hebrew translation, by Ze'ev (Vladimir) Jabotinsky, of "Annabel Lee". This extraordinary translation manages to mimic the internal rhythms and complex rhyming patterns of the original English poem, and, together with Ze'ev Jabotinsky's Russian translation of "Annabel Lee", sets a very high bar in sensitive translations of poetry. This setting was released in an album "Songs of Ze'ev Jabotinsky", or, in Hebrew, משירי זאב ז"בוטינסקי (Mi'shirei Ze'ev Jabotinsky).
 In 1984, the group Propaganda  recited the poem A Dream Within A Dream as the designated lyrics for a song by the same name.
 The song "Allan" by French singer Mylène Farmer from her album Ainsi Soit Je... (1988) is dedicated to Edgar Allan Poe.
 Cuban musician Silvio Rodríguez has several songs on Poe, including "Trova de Edgardo" (1992), on the album Silvio.
 Nox Arcana, an American gothic instrumental duo, pays homage to all of Poe's literary works with their 2007 album Shadow of the Raven.
 The neocelt band Omnia has set "The Raven" to music on their 2007 CD Alive!.
 The steampunk band Abney Park refer briefly to Poe in "The Secret Life of Dr. Calgori" on their 2008 album Lost Horizons.
 Voltaire's song "Graveyard Picnic" is dedicated to Poe, and includes in the lyrics references to Poe's works, such as The Conqueror Worm, Lenore, Annabel Lee, and The Tell-Tale Heart, as well as mentioning Poe by name. He would also set Poe's poem "The Conqueror Worm" to music in his 2014 album Raised by Bats.
Greek-Cypriot songwriter and singer Alkinoos Ioannidis has written a song entitled "Edgar Allan Poe", recorded in the album O Dromos, O Hronos Kai O Ponos.
Creature Feature's first album "The Greatest Show Unearthed", features the song "Buried Alive", which is full of references to Poe's works.
 Other bands or musicians that have recorded songs inspired by Poe or using lyrics by Poe include Bright Eyes, Green Carnation (in the song "Alone"), Good Charlotte, Mr. Bungle, The Crüxshadows, Roses Never Fade, Cradle of Filth, Team Sleep, Elysian Fields, The Smithereens, Symphony X, Rozz Williams, Siouxsie and the Banshees, Tiger Army, Sopor Aeternus & The Ensemble of Shadows, Overlord, Insane Clown Posse, Antony and the Johnsons, Marissa Nadler, Lloyd Cole, Panic! at the Disco, Michael Hurley, AFI, and Dredg.

See also

For his influence on other media:
Edgar Allan Poe in television and film

For his appearances as a fictional character:
Edgar Allan Poe in popular culture

References

External links
American Symphony Orchestra: "Tales of Edgar Allan Poe"
Music with Poe Themes @ HouseOfUsher.net
Ballet with Poe Themes

Music
Romanticism
Musical culture
Music


You have misplaced your car keys. It is the third time this week. Is this the beginning of dementia? Maybe. Maybe not.
Many things in our lives run to the extreme. On the one extreme, memory loss and confusion were once considered a normal part of aging. Now we know that people can remain alert and vibrant well into their senior years.
So, the pendulum has swung to the other extreme. With every little slip of memory, we worry that it is the beginning of dementia. In between these two extremes, and before we jump to the worst conclusions, there are many factors that contribute to forgetfulness.
Dehydration is the easiest problem to correct. Our brain is very greedy for our body's resources, like water and oxygen – and with good reason. Our brain is the manager of all the other functions in our body.
In a case of serious dehydration, of course, we would die. However, before we get to that point, there are many symptoms. Some are physical like dry mouth or reduced urine volume, but many of the symptoms of mild dehydration directly affect our brain.
We may feel tired or sleepy, get a headache, feel dizzy or light-headed, or have some confusion or lack of focus. Correcting this problem is rather simple: drink more water every day.
Develop routines around drinking water to remind yourself to keep at it. You could buy yourself a pretty water glass or a snazzy water bottle or leave glasses of water strategically throughout your home, so you can always reach for a drink. The other causes of brain fog are not as easily fixed.
We go through periods when we don't get enough sleep and for the most part we can manage okay. However, when lack of restful sleep becomes chronic, it has a major impact on our memory, focus and reasoning.
Consider learning a three-step process. First, we gain the knowledge. Next, our brain works at integrating and storing this new information. Then, we can recall what we learned.
The first and third steps occur when we are awake. A large part of the second step occurs while we are asleep. Therefore, when we don't get enough quality sleep, the middle stage of integrating the information is compromised.
For some people, going to bed earlier will solve this problem. For others, the problem is not going to bed but falling asleep and that is much harder to control.
practicing some progressive relaxation before bed.
Others find that a nap during the day takes the edge off their tiredness. If your sleeplessness continues, you may want to consult a sleep specialist or a healthcare provider.
Overwhelm happens when your brain has too much to handle. It doesn't matter if those things are considered negative or positive. For example, you may be hosting a family gathering with many out-of-town relatives.
Between planning where people are staying, who is bringing what and what times all the activities are happening, it sometimes feels like our brain is in a spin and we can barely remember our own name – never mind how many grandchildren cousin Martha has.
Now amplify this over weeks or months of large and small events in our lives. We may start to worry that something is seriously wrong with our brain when it is only trying to deal with so many events at once.
If we identify that this may be the cause of our forgetfulness, the solution may be to look at the calendar to see how we can ease the burden on our brain.
Grief can break your heart. It can also stomp on your brain. Grief involves so many emotions and so many thoughts. With our brain being our body's control centre, it would need to process all those thoughts and emotions of grief.
With our brain burdened by dealing with that, routine things in our life become neglected. Is it surprising, then, that we forget mundane things like putting the milk back in the fridge or whether we have even had lunch today?
We might expect grief to follow a gradual decline as time passes. Unfortunately, our brains don't always deal with things in a linear fashion, and the thoughts and feelings can intensify unexpectedly.
Some medications can influence our memory and alertness. If you take a medicine and notice that you aren't thinking as clearly as you would like, or you don't remember things, it is important to contact your healthcare provider.
Be sure to let him or her know all the prescription and over-the-counter medications you take.
Beyond dementia, there are other medical conditions that may lead to brain fog and forgetfulness. If you have even the slightest concern about your brain health, be sure to mention it to your healthcare provider.
There are many factors that affect our focus and memory. Some are lifestyle, and some are medical. Sometimes we fear the worst and put off addressing the issue when it may not be a serious illness at all. Early recognition of the problem is best. Then steps can be taken to correct or manage it.
Do you ever feel forgetful and worry that it might be the beginning of dementia? Have you ever grappled with any of these issues and were able to resolve them? Please share your experiences in the comments below.


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How eSports is changing the gaming industry for the better
30th November, 2016 30th November, 2016
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eSports is the term used to describe competitive computer gaming, and it's increasingly involving professional computer game players. eSports is just the latest version of our continuing obsession with competitive achievement, which fuels industries and creates commercial associations with all kinds of sporting endeavours, from tennis to football, and from the smallest local competition to the greatest global championship. In recent years, competitive digital gaming has swelled the ranks and, despite some debate amongst analysts and experts, it has come to be recognised as a fully-fledged sport.
One thing that competitive computer gaming shares with more conventional sports is the sense of excitement and adventure, where the outcome to a fiercely fought match can't be known until the very end.
Clearly, eSports is still in its infancy and the competitions and titles that exist now will probably change in the future. Advances in virtual reality technologies mean that both creators and consumers are about to embark on a more fully immersive and interactive experience than ever before. We may well see fans taking part in tournaments remotely across the globe in collaboration with their favourite professional players, or see social media influence how tournaments are scored and designed. No matter how sleek the new League of Legends Championship might seem, it's likely that the matches, the rules, the organization, the media, and the fan base, will all change in the coming years.
Take the sums of money involved, for example. At pubs and bars around the country one of the most common topics of conversation topic is the increasingly large sums of money involved in conventional sports. With billionaire owners, multi-million-pound player wages, and billion-pound sponsorship deals dominating the sports pages each week, it is fair to assume that similar financial issues will accompany the advance of eSports. However, in comparison to some traditional sports eSports have an exceptionally close connection with money and marketing.
Knowing the high costs of game development, it's good to remind UK game developers that they can benefit from Video Games Tax Relief (VGTR). VGTR is now worth up to 20% of qualifying production costs of a game, and in addition they may qualify for R&D tax relief for some of their development expenditure as well.
This is timely news for game developers. Despite the fact that most eSport tournaments take place online with participants scattered across the globe, now is a great time for UK game studios, both start-ups and established companies, to create new innovative gaming titles, which could easily amass a large community of competitive followers. There's still much work to be done if the UK games industry wants to take a significant role in eSports, but all the signs are very positive for developers, gamers, and investors. The extra financial incentive from VGTR and R&D Tax credits could really make a difference, too.
Please contact us to discuss how working with Myriad Associates can maximise and secure R&D funding opportunities for your business.
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How Mike Kelly accidentally stumbled upon the Woodstock 1969 festival
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Editor's Note: This column from Mike Kelly was originally published on Aug. 17, 1989 at the 20th anniversary of the Woodstock festival.
I was at Woodstock 20 years ago, at least close enough to feel the effects. But I didn't frolic in the mud, didn't rock or roll to the music, didn't drop acid or smoke grass, didn't get naked, didn't cheer the dawning of the Age of Aquarius.
I was in a traffic jam.
I was a nerd in the car with my parents on the way to grandma's house. Call me Woodstock's accidental tourist.
On the festival's first day, we were on Route 17, heading from Syracuse to Jersey City. It wasn't peace and tranquillity. It was the family vacation in the Pontiac.
Anyway, I was so out of the loop I didn't even know there was a concert. And when I saw the crowd on the side of the highway and the cars parked skitter-scatter, I thought it was a bus accident.
Today, I'm embarrassed to admit that. How would you feel if you were not hip to Woodstock?
On the concert's 20th anniversary, it seems everyone who ever wore bell-bottoms or listened to Bob Dylan's "Highway 61 Revisited" is telling Woodstock war stories of how they found love and a Port-O-San in a muddy Catskill alfalfa patch in August 1969.
Some 400,000 people actually went to the festival, which took place in Bethel, not Woodstock. An additional 40 million or so say they went, too. The rest tell us they "almost went" or "tried to go. "
All this suddenly has made Woodstock the hottest hit of the summer. Forget "Batman," let's sing the national anthem with Jimi Hendrix.
Meanwhile, the networks, with a little help from some agent friends, are scouring for hippies who didn't sell out. At last count, they found three. MTV is broadcasting the Woodstock documentary. Tie-dyed shirts are back. The Jefferson Airplane has reunited. The New York Times is referring to Wavy Gravy, the clownish head of Woodstock's freak-out tents and "Please Force" security cops, as "Mr. Gravy. "
And me?
I've spent 20 years trying to hide my Woodstockian connection. And why not? To be so close to an Aquarian happening and not realize its cosmic potential is akin to telling my Yuppie friends I don't laugh at Doonesbury. I can't get no satisfaction, not even somebody to love me for it.
It wasn't until I arrived at my grandmother's place in Jersey City and flicked on the TV that I realized I had a minor brush with one of the seminal events of my generation. Imagine what this now does to conversations.
"You were there? " people ask me, incredulously. The question is posed with the same kind of bended-knee reverence that my parents generation probably once asked: "You played sandlot ball with Babe Ruth? "
"Well . . . " I mumble, shrugging.
"I bet you were the guy waving the joint, when Wavy Gravy told everyone that `Kissing builds up your mouth. "
"Not exactly. "
"Well, where did you sit? "
"Route 17."
"Oh. "
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I was 16. Dad was at the wheel. Mom was in the front passenger seat. My brother and I were in the back, tormenting each other with noogies. The usual Sixties nerd stuff.
By the time we got to Woodstock, we were strong on tension, short on Ripples chips. When we saw the hippies camped along the highway grass, my mother proclaimed: "Look how dirty they are. " She said that at least 3,000 more times before we broke free of the traffic jam two hours later.
Anyway, we finally reached Jersey City and, later, New York. My father took us to a Mets game. The Giants were in town. We sat in the top row of Shea Stadium, and watched the lights come up in Manhattan.
The Mets won. Willie Mays played. I had a hot dog.
Woodstock was far away. At least it was then.
Email: kellym@northjersey.com
© 2021 www.northjersey.com. All rights reserved.


text:
England to bask in hottest day of the year tomorrow as temperatures rocket to 84F
June 12, 2021 Dianne Reeves Online news
Britons have been basking in the sun to kick off a sizzling weekend ahead of the hottest day of the year tomorrow as England kick off their Euro 2020 Championships against Croatia.
The mercury will soar just in time for kick-off at Wembley on Sunday afternoon with temperatures hitting highs of 84.2F, while opponents Croatia's fans will be comparatively cooler at 79F back home.
The soaring temperatures could make Sunday the warmest June 13 on record.
It comes after a day of 78F on Saturday which saw Britons flocking to the beaches, sunbathing in the park and enjoying a trip to the races in the heat.
Many were clearly making the most of the weather amid the heatwave as they gathered in the nation's beauty spots.
Sun worshippers have flocked to the beaches across Britain for a scorching weekend as a group of friends took to the sand in Bournemouth
The beaches were full of Britons who were seen enjoying the June heatwave that will likely see the hottest temperature of the year so far. Pictured: Bournemouth
A sunbather relaxes in Canterbury, Kent, as Britain enjoys hotter temperatures than many popular holiday destinations in Europe
Glamorous racegoers dressed to the nines as they headed to the York Races on Saturday in the sun as they enjoyed a day out
Football fans are set to bask in the hottest day of the year tomorrow as England kick off their Euro 2020 championship against Croatia. Pictured: Brighton beach on Saturday
Thousands of people flocked to the beaches of Bournemouth on Saturday to bask in the summer sun as Britons made the most of the weather
Some even took a dip in the River Cam in Cambridge while enjoying a punt with friends on a sunny Saturday afternoon
Many took the opportunity to head out in the soaring temperatures by taking a trip to the races with many wearing their finery
Parts of the UK will be hotter than holiday destinations in Ibiza, Mykonos and even California due to a high pressure moving in from the south.
Saturday will also be warm for England, Wales and most of Scotland, with temperatures reaching the mid-20s, the Met Office said.
The hottest temperature recorded so far this year was 28.3C in Northolt, north-west London, on June 2.
Forecaster Alex Burkill told the PA news agency: 'The picture this weekend looks very warm and sunny for much of the country, with highs of 25C (77F) in the south-east on Saturday.
'There will be some showers in parts of Northern Ireland and Scotland, and some cloud in the north-west though it will remain very warm in the sunshine.'
People relax in the sunshine on Wimbledon Common on a hot day in London as temperatures soar across the country this weekend
Sunbathers and visitors flock to the beach at Durdle Door in Dorset on a day of scorching hot sunshine
Paddleboarders and surfers take part in a protest to raise awareness for climate action in the sea at Gyllyngvase Beach in Falmouth near the G7 meeting
Britons flocked to the beaches, sunbathed in the park and enjoyed a trip to the races in the heat on Saturday
Students took to the water in Cambridge on a day of sizzling temperatures as Britons headed outside to make the most of the weather
Parts of the UK will be hotter than holiday destinations in Ibiza, Mykonos and even California due to a high pressure moving in from the south
Parts of Wales could be as hot as 21C (69.8F) during the afternoon, as the nation braces itself for its first Euro 2020 match against Switzerland.
Sunday is expected to be the warmer of the two days, with the temperature possibly surpassing 30C (86F) in the South East, which has never been seen on June 13.
Mr Burkill added: 'Sunday is likely to be the hottest day of the weekend, with temperatures reaching 29C (84.2F) in London and the south east, while the bulk of the country will be dry with lots of sunshine.
'This heat is likely to be widespread in the mid-20s which is above the average for this time of year.'
He said that while it's 'unlikely' the mercury could sneak up to 30C (86F), it 'shouldn't be ruled out'.
Many were clearly making the most of the weather amid the heatwave as they gathered in the nation's beauty spots
The hottest temperature recorded so far this year was 28.3C in Northolt, north-west London, on June 2
People make their way along the Long Walk in Windsor as the Queen celebrated her official birthday with the Trooping the Colour
Sunday is expected to be the warmer of the two days, with the temperature possibly surpassing 30C (86F) in the South East, which has never been seen on June 13
People gathered at a fan area in Potters Field in London watch as Wales took on Switzerland in the Euro 2020 Championships
The steps to the beach are packed as sunbathers and visitors flock to Durdle Door
Betmakers have made it odd-on that this weekend will see the hottest temperatures of the year so far, with Ladbrokes and Coral offering odds of 1-2
Glamorous racegoers arrive at York for the first day of a sizzling weekend as Britons made the most of the soaring temperatures
Mr Burkill went on to say: 'It's down to some high pressure building from the south-west, dragging sunny, dry weather from Spain, which are the perfect ingredients for the conditions many will see.'
The AA has warned parents and animal owners to ensure their children or pets are not left in locked cars, saying a dog is vulnerable to the heat in less than half an hour.
Betmakers have made it odd-on that this weekend will see the hottest temperatures of the year so far, with Ladbrokes and Coral offering odds of 1-2.
Ladbrokes are also making it only 3-1 that the all-time June record temperature of 96F is broken this month.
Jessica O'Reilly of Ladbrokes said: 'We're not even half-way through the month yet but all bets are off when it comes to June 2021 going down in history as an absolute scorcher.'
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Every year, federal facilities, schools, and banks across the country observe the third Monday in January as a holiday in memory of the life and works of Dr. Martin Luther King Jr. This year marks what would have been Dr. King's 86th birthday. January 19th, 2015 is a Federal Holiday to celebrate Dr. King's life.
Richmond celebrates this important day in many ways. Helping children under Dr. King's legacy by creating fun projects is one way to teach them about history while having fun.
Have children create their own poster completing the sentence, "I have a dream that all people in the world…..". They can illustrate their posters using crayons, markers, cut-outs, and other materials.
Children can create a painting using their handprints. Use different colors of paint so they can create a painting of various colors to show how people come in many colors. All the Colors of the Earth is a good book to accompany this activity for young children (Grades K-2) since it is about the differences in outward appearance of children everywhere, yet they are all essentially the same.
Let children create their own dream book writing or drawing about their dreams and goals. They can create a front and back cover with construction paper and either staple or tie the pages together.
Let children release helium balloons into the sky to celebrate the day in a way that they will remember.
Display the American Flag and have children draw their own version of the flag.
Visit a local library and read books about Dr. King to younger kids. Help older kids find longer, suitable books to check out and read.
Dr. King encouraged everyone to participate in civic life as much as possible. He was an advocate for serving and doing for others. An important way to remember and celebrate his life is to serve others on MLK Day.
Visiting local non-profit organizations to lend a hand.
Any act of kindness that helps others is a way of serving – nothing is too small.
MLK Day of Service and Learning at U of R. Including MLK Family Day at the Student Activities Complex – 11 a.m. – 1 p.m. UR student organizations offer fun activities for children ages 2–12 that tell the story of MLK and the civil rights era. With story hours, craft activities, snacks and more, they will have so much fun they won't even know they are learning! Space is limited and registration is required.
Freedom Classic 2015. This multi-day festival includes activities throughout Martin Luther King's birthday weekend. The Festival has activities for the entire family.
HandsOn Greater Richmond has great ideas about how to honor this day.
Martin Luther King Jr. Day Celebration. Join CMoR staff and volunteers for a morning of fun and special interactive activities with HandsOn Greater Richmond on Jan 19th from 10:00 am – 12:00 pm. Featuring: MLK Book Mark Table: Get inspired by Dr. King by decorating bookmarks with quotes from some of his most important speeches! PARENTS: Please bring a book to support the Central Virginia Children's Book Bank in partnership with Chamberlayne Elementary School.
Please email us any additional events to be added to this list to email@completelykidsrichmond.com.


text:
Q: Why Backup database is terminating abnormally in WPF with c#?

I am using this command to backing up my database in my wpf application in this application i am using ado.net entity data model database first approach so after executing command i am getting this Error Please guide why it happens ??

A: "Access is Denied" means that the user the database service is running under does not have access to that backup file, which is probably only writable by your user since it's under your user directory.
Update the security settings of your file/folder so that the database process's user (probably SYSTEM, LOCAL SERVICE, NETWORK SERVICE or similar) can write to that file. Or host the backup file somewhere else where SQL Server has access.

redpajama_set_name: RedPajamaStackExchange


You may have noticed that Shotgun Honey hasn't updated over the last week. Ol' Uncle Ron has been under the weather and playing catch. We also noticed serious issues with our hosting and made an abrupt change to a new host. It looks like everything is running smooth, and quicker than it has in a while.
Apologies to writers who has spots scheduled over the last week. We'll reach out individually and let you know when those stories will be rescheduled.


text:
Arco Properties
Why Arco?
La Quince of Santa Ana
Casco Life
Clara Hardin
In 2005, Clara moved from Santa Fe NM to Panama to be near her family. A licensed Realtor in both Florida (1972) and New Mexico (1993), she joined her son KC and daughter-in-law Patrizia in co-founding Arco properties in March, 2005.
Over the years, Clara has combined both sales and social skills to bring a burgeoning community of "pioneer" residents together. Among the community endeavors she has been involved in are the founding of Día de Gracias (Thanksgiving) where food and wine is shared by all. And her desire to connect the Casco families lead to the parents starting a pre-school called Tangerine. Clara has also sat on three condominium boards of directors and serving as president for two of them. Her preference is to facilitate Casco related activities while remaining in the background.
Having restored three personal properties, Clara is in a unique position to counsel clients wanting to restore also.
If asked what aspect of the Casco she is most passionate about, her answer would be "keeping the Casqueño community connected."
Patrizia Pinzón
Co-founder and Sales Manager
Patrizia was born in Panama and grew up dancing in Casco Antiguo's National Theatre with the Ballet Nacional de Panama. She lives in Casco Viejo and speaks Spanish, English and Italian.
She holds a Master's in Business Administration from Universidad Latina Maria Antigua in Panama City. Prior to founding Arco Properties, Patrizia coordinated the Smithsonian Tropical Research Institute's public outreach program at Barro Colorado Island.
She's passionate about history, urban gardening and the cultural vibrancy that characterizes the historical center. She is Founder and currently president of AVACA, the Association of Neighbours and Friends of Casco.
Patrizia has been an active part of the revitalization of the old town since its inception. Her deep knowledge of its history, its architecture and the processes of social integration and artistic promotion are backed by collaboration with the most important actors within this process. That is why if someone has a query to do about the Old Town, it is most likely that one of the first references to consult is Patrizia.
María Eugenia Kraus
Maru brings to her present profession the sum of more than a decade of experience in the tourism industry. A history lover, characterized by its spirit of service and excellence in customer service, who on each visit to the different properties, she leads them in a true personalized tour through the old town, emphasizing not only the characteristics of the property, but also their relationship with the community. Maru is, after all, a neighbour of the Casco.
Graduated in Classical Ballet at the National School of Dance of Panama, Maru holds a degree in Humanities with emphasis in Geographic-Ecological Tourism and Technical of Geographic-Ecological Tourism Guides by the University of Panama.
Jennette Marie Torrano
Menky was born and raised in Panama. She went on to study Electronics Engineering at the Catholic University (USMA). Moved to New Jersey in 2001 where she later married and started her family. Thirteen years later returns to Panama, and continues her studies in Environmental Engineering at Universidad Latina.
She has over 20 years offering the best sales and customer service experience, and a lifetime of collaboration within the Real Estate world as she assisted in her family Real Estate business.
Menky loves animals but overall is a Cat-Person. She also enjoys meeting new people, has an appreciation for music and poetry, likes drawing, and spending time with family and friends. Menky, like Maru, Patrizia and Clara, also lives in the Casco.
Janeth Cedeño
At age 18, Janeth's spirit of improvement and professionalism leads her to move from her native Chiriquí to Panama City to study Law.
She started her work career 15 years ago, working in a service company in the administrative and legal area, where she rises to the position of Manager of the company at 23 years. Few years later, she decides to commit herself to her young family (Janeth and her husband have a beautiful daughter) to return to her law degree and finish her studies in the Faculty of Law and Political Sciences from the University of Panama.
As a second job, she arrives in the Casqueña family in April 2015, assigned to the real estate acquisition area, with investigative responsibilities for real estate in the areas of San Felipe and Santa Ana. She is currently completing her thesis on "Horizontal Property in Casco Antiguo based on Law 31, June 18, 2010, with emphasis of the promoter's reservation regarding the facade of the property. She is an active member of the Directorate of the Legislative Observatory of the University of Panama. She loves the challenges, she is characterized by love for her neighbour, and her willingness to help has made her a habitué of social campaigns in Casco.
Live, Work,
in Casco.
Arco Properties is the leading real estate agency focused exclusively on residential and commercial properties in Casco Antiguo since 2005. We are the only real estate company specializing in Casco Antiguo that donates 10% of its profits and 5% of the time of its staff in volunteering to non-profit organizations dedicated to the revitalization of the Human Heritage of the Casco Antiguo.
Arco Properties is an affiliate of Grupo Conservatorio. We are committed to inclusive and sustainable urban revitalization. We believe in the value of socially diverse communities and in building one affordable apartment for each high-end apartment.
Panamá: +507-228-6650
Calle 4a y Ave A, Edificio Cuatro Casas,
Planta Baja, Casco Antiguo.
Copyright © 2018 Arco Properties. All rights reserved.


podcast page is not working!
Also, please correct the event page – Sonny will be here for Sunday morning, 11:00 service and the Youth Meeting is at 3:00 pm.
We received a notification that your address had changed, but I am wondering if it's just the address for Portland Christian School that changed: from 2500 Portland Ave to 8509 Westport Rd.
Would you verify this for me. I'd greatly appreciate it.


Many enjoyed an evening of talent at the Palermo Community Council's 19th Annual Talent Show. Grand Prize was $100, with $50 1st Place Division Prizes, plus other prizes and awards. Ages 5 and on up.
Congratulations to the 2014 Palermo Talent Show Winners!
Congratulations to Tara Wixom, the Grand Prize Certificate and $100 winner for the Annual Palermo Talent Show held April 5. Other winners include: Division 1 – 1st place, Celia Huanosta; 2nd place, Trinity Viamaona; and 3rd place, Brennen Brockman; Division 2 – 1st place, Tara Wixom; 2nd place, Amelia Stone; and 3rd place, Jamie Lynn Hamilton, Celia Huanosta, Nicolas Rafael Huanosta, Kaelynn Noor, Cheyenne Rodriguez, Natalie Stampanoni, and Cody Stone; Division 3 – 1st place, Randall Edwards; 2nd place, Emily Lovins, Angel Marquez, Rachel Neal, Amber Rodriguez, and Fiona Sharkey; and 3rd place, Tom Frazier and Tom Turk. Thank you to all the participants who made the talent show a fun evening of wonderful family entertainment.
Join the next Palermo Community Council's Annual Talent Show and Dinner.
Download more information and an application form (in RTF or PDF formats).


What would it take for you to sacrifice yourself to destroy your political opponent?
The destruction of much of the remainder of the Japanese fleet and its air arm in the latter half of 1944 left the Japanese Home Islands vulnerable to attack by US naval and air forces. In desperation, the Imperial Japanese Navy proposed using "special attack" formations, or suicide attacks. These initially consisted of crude improvisations of conventional aircraft fitted with high-explosive bombs that could be crashed into US warships. Called "Divine Wind" (Kamikaze), the special attack formations first saw action in 1944, and became the scourge of the US fleet in the battles for Iwo Jima and Okinawa in 1945. In view of the success of these attacks, the Japanese armed forces began to develop an entire range of new special attack weapons.
The Japanese maneuvers and tactics were successful because they traded one man and one plane for multiple lives and ships while increasing terror and surprise. In an era prior to cruise missiles, laser guided rockets and drones, these manned and piloted bombs were the only alternative to dropping payloads in order to increase the destructive effectiveness of aerial weapons.
Certainly, democratic operatives would not self-immolate in a vain attempt to destroy President Trump, would they?
This investigation (from Obama's DOJ, through Comey's FBI now the Mueller Office of Special Counsel) has been a slow burn. As it progresses it is becoming clearer that it is only a win-lose proposition, as it always has been. There is no middle ground.
Either Trump finds his way through this Gordian knotted web of deceit or the democrat-media complex will destroy our rule of law and Constitution in order to stand over the 45th presidents political corpse. If the chance of success is very low for the prosecutors of Trump, then everyone involved is assured a slow death. And because this weaponized intelligence and the crimination of political differences is used in an attempt to bludgeon a sitting president in slow motion, the suicide process is masked. Yet, each member of the deep state cabal has a hope that their attacks will succeed.
This was always a high risk-reward scenario for the participants. However, they seem to view this as part of an overarching scheme where they have political, professional and personal cover from both the media and the judicial system. Do Clinton and Obama have any concern that their violations of the Constitution and The Code of Laws of the United States of America, or USC, are going to be prosecuted? Apparently not.
Does Comey fear that he will be put in jail? I doubt it. Even after his interviews bombed and his book tour is fading I don't see him entertaining the coming hangover. And, then the reckoning should come.
Does Mueller regret taking on this special counsel appointment? It would seem that at some point he would fear for his reputation. But, he must be so entrenched in the DC swamp that he cannot see a scenario where he is not praised and lauded for his actions. He must believe he is protected, and possibly guaranteed success. I believe he thinks that this system is rigged in his favor, and he can get his man Trump and leave smelling like a rose. All this while his plane is in a nose dive. The more crimes that are revealed the less plausible it is that manufacturing a crime by Trump will hold up. The musical chairs tune is almost up, and will Mueller want to be left out, holding the bag?
McCabe should flip on his coworkers. Maybe he has studied the prisoner's dilemma which indicates that not talking to the police is better than talking, when you are assured that your cohorts will also not talk. But the egg is going to crack. Someone in this gang will talk at some point in the coming years simply to mitigate their impending sentencing. The crimes committed are too extensive. And regardless of who is in charge of the DOJ, Sessions or the next AG, there will be a coming justice. You can bank on it.
Strozk and Page are pawns in this game. But they persist in their labors at the FBI. At what point do they crack? The psychological pressures of keeping up appearances of competence and innocence will wear on them. Like Bruce Ohr, these underlings with an over inflated view of their role may face prosecution. They are on the warpath to a near certain doom.
Weisman joined the Mueller team as the pit bull. He was going to help bring Trump down. When does he realize that the jig is up? How long will he persist in his line of attacks? Does he really believe that he can eradicate legal restraints in this suicide mission and escape unscathed? That is becoming more and more unlikely. He will most likely be held to account for each and every prosecutorial indiscretion he has engaged in. But he is committed to the cause as a true believe would be. He has drunk the Kool-Aid and willing to see this through.
Rod Rosenstein recently barked at Congressional oversight as extortion. He has no remorse for the role he's played in denigrating this nation in dragging Trump through the mud. The process of getting Trump has exceeded the bounds of a legal investigation from the jump. Beginning with the Steele dossier and the FISC this special counsel should never have been appointed. And Rosenstein efforts to protect Mueller and the FBI from oversight and avoiding the reveal of the extent of coordination, leaking and narrative crafting by the FBI and others is only going to make this worse. He is like a child flailing about banging his head on the ground in order to avoiding taking medicine. And the jagged little pill will be swallowed eventually.
Brennan and Clapper act like outside observers when they have been involved in the misuse of intelligence products and the agencies which compile and analyze intel throughout the Obama administration. However, they continue to tweet and talk as if they did not participate in the sham and corruption that has led us to the brink.
Cheryl Wills and Huma Abedin are unassuming co-conspirators of Hillary Clinton. They believe that they have immunity due to their proximity to the Hildabeast. Is that confidence warranted? We will find out. If there is any justice in the world eventually these women will be forced to testify under oath. And then their perjury and obstruction will be held to account. But, they have no fear of this possibility. These women seem to go on living despite their massive exposure in a variety of cases.
Loretta Lynch and Susan Rice are known to have skirted regulations in the prosecution of crimes, the use of classified information and may have violated numerous laws. Yet they remain outside of the scope of any known investigation to date. How can these women become invisible to the DOJ without the justice department participating in a cover up of their past misdeeds? How many other people aided them in their actions, lies and deceit? From where does the assurance of deference and ignorance of past crimes emanate? Eventually we would like answers to these questions.
When (not if) we get justice, the list of the victims of their own devices will be long and noteworthy. It seems that they have the utmost confidence not in their own innocence but in the establishment protecting its own. However, the establishment only has power while in power. We are seeing the worm turn and the uprooting of entrenched bureaucratic weeds. The foundations of the institutions are crumbling, and a new edifice may be erected that will not abide the solipsism of the criminal element within the administrative organization. From that point forward, the martyrdom of these deep state operators will be certain.


This consultation paper seeks your feedback on proposals to improve disclosure by hedge funds.
In seeking to improve disclosure, ASIC aims to ensure that retail investors and their advisers have all the information they need to make an informed investment decision. However, this should not be regarded as an indication that we consider these products to be suitable for all or most retail investors.
In administering legislation ASIC issues the following types of regulatory documents.
Consultation papers: seek feedback from stakeholders on matters ASIC is considering, such as proposed relief or proposed regulatory guidance.
giving practical guidance (e.g. describing the steps of a process such as applying for a licence or giving practical examples of how regulated entities may decide to meet their obligations).
Information sheets: provide concise guidance on a specific process or compliance issue or an overview of detailed guidance.
Reports: describe ASIC compliance or relief activity or the results of a research project.
This paper was issued on 24 February 2011 and is based on the Corporations Act as at 24 February 2011.
The proposals, explanations and examples in this paper do not constitute legal advice. They are also at a preliminary stage only. Our conclusions and views may change as a result of the comments we receive or as other circumstances change.
You are invited to comment on the proposals in this paper, which are only an indication of the approach we may take and are not our final policy.
As well as responding to the specific proposals and questions, we also ask you to describe any alternative approaches you think would achieve our objectives.
other impacts, costs and benefits.
Where possible, we are seeking both quantitative and qualitative information.
We are also keen to hear from you on any other issues you consider important.
Your comments on the issues presented in this paper will assist us to develop more detailed proposals, including a regulatory guide. We may undertake a second round of consultation on these more detailed proposals in mid-2011.
Your comments will help us develop our policy on disclosure for hedge funds. In particular, any information about compliance costs, impacts on competition and other impacts, costs and benefits will be taken into account if we prepare a Regulation Impact Statement: see Section D, 'Regulatory and financial impact'.
We will not treat your submission as confidential unless you specifically request that we treat the whole or part of it (such as any financial information) as confidential.
Hedge funds, because of their diverse investment strategies, use of leverage and offshore investments, can pose more diverse and complex risks for investors than traditional managed investment schemes.
We are consulting on introducing disclosure principles and benchmarks for hedge funds which set out the specific characteristics of the fund that we think ought to be addressed in the Product Disclosure Statement (PDS).
The disclosure principles and benchmarks are designed to improve disclosure for retail investors to enable more informed decisions about investing in products of this kind, and to make comparisons between the products and business models of different issuers more straightforward.
In seeking to improve disclosure, we are aiming to ensure that retail investors have all the information they need to make an informed investment decision. However, this should not be regarded as an indication that we consider these products to be suitable for all or most retail investors.
(b) $14.1 billion managed by Australian funds of hedge fund managers.
1 'Alternative investments in Australia', Australian Trade Commission, September 2010.
Note: Due to the lack of a universally accepted definition of hedge fund, these figures may not take into account some funds.
2. The report also found that 64% of investors in hedge funds and funds of hedge funds are Australian retail and high-net-worth investors (including self-managed superannuation funds). The remaining investor base comprises Australian institutional investors (25%) and offshore institutional investors (11%).
2 'Dec 2009 hedge funds report', Investment Trends, October 2010, p. 11.
3 'Dec 2009 hedge funds report', Investment Trends, October 2010, p. 16.
6. Our proposed disclosure guidance is not designed to stop or discourage retail investors from taking investment risks, but to help them and their advisers understand the risks involved in any particular investment or type of investment. This enables them to make a more informed decision about whether the potential reward (the return on their investment) warrants the level of risk involved.
7. Given the risks for retail investors associated with investing in hedge funds, and that many rely on disclosure material to inform their decisions to invest, we think it is necessary to ensure that disclosure provides retail investors with all the information they need to make an informed investment decision. In some cases, this may include a decision not to invest in these products.
8. The proposals in this consultation paper have been prompted by our experience that in some cases inadequate disclosure has contributed to investors not understanding the risks when purchasing a hedge fund product.
9. Hedge funds and their managers may invest in many types of securities across diverse markets and in non-mainstream asset classes, may use a wider variety of complex investment techniques than traditional funds, and may borrow money to leverage the funds' investments. Each hedge fund is different, so the Product Disclosure Statement (PDS) is a key mechanism for making sure that the investor understands the investments and strategies the investment manager will be using.
(b) is included in the PDS, but it is not clear, concise and effective (e.g. the information is presented in such a dense and complex way that investors are unable to understand the true nature of the investment). This problem can be exacerbated if advertising and other sales practices do not highlight risks and thus give a misleading impression of the product.
11. The International Organization of Securities Commissions (IOSCO), in its 'Hedge funds oversight', Final Report, June 2009 (IOSCO report), and the Joint Forum in its 'Review of the differentiated nature and scope of financial regulation', January 2010 (Joint Forum report), have also made a number of recommendations relating to the regulation of hedge funds generally (not just disclosure).
(c) information sharing and cooperation between regulators.
13. Among other matters, the IOSCO report recommended hedge fund managers/advisers be subject to ongoing requirements to make proper disclosure to investors on the risks of investment, the conditions and/or the limits for redemption, the existence and conditions of any side letters and gating structures, and the fund's strategy and performance, including audited financial statements.
14. A summary of the key IOSCO and Joint Forum recommendations is set out in Appendix 1. We are considering what other measures may be desirable to adopt in light of these international developments.
There are some features that distinguish hedge funds from other managed investment schemes, such as the use of leverage and short selling to seek a return that is uncorrelated to the rise and fall of markets.
We have developed our proposals taking into account characteristics commonly associated with hedge funds and the risks faced by investors as a result of these product characteristics.
15. Although there is no accepted definition of a hedge fund, there are some features that distinguish hedge funds from other managed investment schemes, such as the use of leverage and short selling to seek a positive return for investors in both rising and falling markets. These and other features mean investors in hedge funds can be exposed to more diverse and complex risks than investors in funds pursuing more 'vanilla' investment strategies.
(f) more diverse risks or complex underlying products are involved.
17. A summary of various approaches that other regulators have taken to defining hedge funds is in Appendix 2.
4 'Hedge funds oversight', Final Report, IOSCO Technical Committee, June 2009.
18. We have drawn on the characteristics identified by IOSCO and other regulators in determining the funds that should apply our proposed disclosure principles and benchmarks.
19. We note that the international position on hedge fund regulation (including on appropriate investor disclosure) is still being settled. We will continue to monitor international approaches so that, as far as practicable, Australia's position remains in line with international norms and practices.
(b) a fund of hedge funds.
B1Q1 Do you agree with the proposed coverage of the disclosure guidance?
(a) Strategy: The fund pursues complex strategies that aim to generate absolute returns, returns with low correlation to equity and bond indices, or a positive return in both rising and falling markets.
(b) Leverage: The fund often uses leverage to increase investment returns.
(c) Derivatives: The fund often uses derivatives to create complex investment strategies or for gearing purposes.
(d) Short selling: The fund often engages in short selling.
(e) Complexity: The fund often has exposure to diverse risks and complex underlying products.
B2Q1 Does our proposed approach provide a sufficient level of certainty? Are examples illustrating the application of these disclosure principles and benchmarks needed?
B2Q2 What weight should be placed on the factors in Proposal B2 when deciding if a fund is a hedge fund? Why?
B2Q3 Are there additional characteristics that should be included to appropriately capture hedge funds?
20. With no widely accepted definition of a hedge fund, we have adopted an approach of focusing on funds that are promoted as or likely to be regarded as hedge funds.
21. We have also identified some characteristics that may be relevant in identifying hedge funds. The hedge fund sector is non-homogenous—that is, hedge funds can use a wide variety of different strategies and invest in a wide variety of different products. In this context, we are concerned that narrowing the proposed definition may exclude funds that would generally be considered to be hedge funds. We also believe this definition can be consistently applied by us in other contexts if needed (e.g. implementing other IOSCO recommendations on risk management).
22. If a fund is uncertain about whether it is, or is likely to be, regarded as a hedge fund, we would expect the fund to comply with the principles and benchmarks to the extent relevant.
(d) the proposed regulatory guides following Consultation Paper 134 Infrastructure entities: Improving disclosure for retail investors (CP 134) and Consultation Paper 133 Agribusiness managed investment schemes: Improving disclosure for retail investors (CP 133).
24. While the proposed principles and benchmarks set out in this paper are primarily directed to PDSs for hedge funds, we consider that there may be other entities and circumstances that pose similar types of risks to investors. As a matter of best practice, we consider that disclosure of information similar to that required by the proposed principles and benchmarks would be useful for these investors. We would encourage issuers to also have regard to any applicable industry standards.
(b) offers by listed investment companies that have some of the features of hedge funds.
B3Q1 Should the proposed disclosure principles and benchmarks be encouraged as best practice for offers to wholesale investors and offers by listed investment companies?
25. Some hedge funds may fall under the new shorter PDS regime for simple managed investment schemes established by the Corporations Amendment Regulations 2010 (No. 5). This is because the definition of funds (simple managed investment schemes) that must produce a short PDS is based on whether the fund can realise 80% of its assets at market value within 10 days. This may include funds that would otherwise be considered or marketed as hedge funds—particularly, long/short equity funds that invest in ASX 200 stocks and managed futures funds that invest in exchange-traded futures contracts.
26. A hedge fund may fall within the definition of a simple managed investment scheme despite the complexity of its strategy and investment structure, or the nature of its investment exposures or activities.
B4 We are considering whether we should exercise ASIC's powers to exclude any fund that would fall within the proposed scope of our disclosure guidance (as set out at Proposal B1) from the definition of a simple managed investment scheme.
B4Q1 Do you consider that hedge funds should be excluded from the shorter PDS regime? What compliance costs would be involved for funds affected? How many funds would be affected?
B4Q2 Alternatively, should our proposed guidance only apply to schemes that are not simple managed investment schemes? Why?
27. The exclusion of the shorter PDS regime would mean that our proposed disclosure guidance would apply consistently to all hedge funds. However, it could increase compliance costs for those funds that would otherwise be subject to the shorter PDS regime.
28. We propose that issuers of hedge funds should disclose to investors information on specific key features and risks about the fund. These disclosure requirements consist of a combination of disclosure principles and 'if not, why not' benchmarks. Each disclosure principle and benchmark identifies a key risk area potential investors should understand before making a decision to invest. Failure to meet the disclosure principles and benchmarks will result in an increased risk of ASIC issuing a stop order on the offer.
29. Where we have proposed a disclosure principle, this identifies a particular risk or feature of hedge funds that we consider an issuer should clearly and prominently address in the PDS. This disclosure will assist retail investors to understand the significant benefits, risks and characteristics of the fund.
(b) requires an issuer to state in the PDS and other disclosures whether it meets the benchmark, and if not, why not.
31. This model of disclosure provides standards by which retail investors can assess financial products for which there are typically few such external benchmarks.
C1 We propose that hedge funds should apply each of the disclosure principles outlined in this section, and address each of the benchmarks on an 'if not, why not' basis: see Proposals C2–C14.
C1Q1 Have we identified the relevant disclosure principles and benchmarks? Are there any disclosure principles or benchmarks that are missing? Have we included anything that is not relevant?
C1Q2 Besides disclosure principles and benchmarks, are there additional ways of dealing with the risks relating to the complexity of hedge fund structures, their investments and leverage arrangements that should be considered (e.g. investor education, enhanced licensing requirements, enhanced compliance plan requirements, statutory suitability tests and banning retail investor access to hedge funds)? Please give details of the costs and benefits of these options.
32. This principle is intended to ensure that the investor is made aware of the details of the investment strategy for the fund, including the type of strategy, how it works in practice, and how risks are managed.
(f) how the investment strategy can change and what notification would be provided to investors.
C2Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?
C2Q2 Are there any additional issues relating to investment strategy that should be highlighted in ASIC guidance?
33. This principle is intended to ensure that the investor has the necessary information about the people responsible for managing the investment, as well as the relationships between the responsible entity, the investment manager and any intermediaries.
(c) the circumstances in which the responsible entity is entitled to terminate the manager's appointment and on what terms (including any payments).
C3Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?
C3Q2 Are there any additional issues relating to the investment manager that also warrant disclosure?
34. This principle is intended to ensure that the fund explains the investment structures involved, relationships between entities in the structure, jurisdictions involved (if it involves parties offshore), due diligence performed on underlying funds, and related party relationships within the structure.
(j) the existence and nature of material arrangements in connection with the fund that are not on arm's length terms.
C4Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?
C4Q2 In relation to Proposal C4(g), do you agree that 10% of the fund's net asset value is the appropriate trigger? If not, why not?
C4Q3 Are there any additional issues relating to the fund structure that also warrant disclosure?
35. These principles and benchmarks ensure that hedge funds disclose the types of assets held, where they are located, how they are valued and custodial arrangements.
36. We also propose a benchmark that the fund provides periodic disclosure of the actual allocation the fund holds in each asset type (see Proposal C12).
(d) the custodial arrangements, including details of the roles provided by custody service providers.
C5Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?
C5Q2 Are there any additional asset classes that should be disclosed?
C6 Benchmark: We propose that a PDS for a hedge fund should disclose that valuations of assets that are not exchange traded are confirmed or provided by independent third parties. If the fund does not meet this benchmark, it should disclose why not.
C6Q1 Is the proposed benchmark useful and appropriate for investors? Why?
C7 Benchmark: We propose that a PDS for a hedge fund should disclose that all custodians (including custodians of any funds invested in by the fund) involved in the fund structure are independent third party custodians. If the fund does not meet this benchmark, it should disclose why not.
C7Q1 Is the proposed benchmark useful and appropriate for investors? Why?
(b) the key aspects of the liquidity management policy.
C8Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?
38. This principle is intended to ensure that the investor is made aware of the anticipated level of leverage of the fund (including leverage embedded in the assets of the fund).
(d) a worked example showing the impact of leverage on investment returns and losses, assuming the anticipated level of leverage (including leverage embedded in the assets of the fund).
C9Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?
C9Q2 Is the anticipated level of leverage (including leverage embedded in the assets of the fund) an appropriate measure of gearing exposure where the fund invests in products that have leverage built in to them?
39. This principle is intended to ensure that the investor is made aware of the purpose and types of derivatives and structured products used by the fund and associated risks.
(e) whether the derivatives and structured products are OTC or exchange traded.
C10Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?
40. This principle is intended to ensure that the investor is made aware of how short selling may be used as part of the investment strategy and of the associated risks and costs of short selling.
(d) an example showing the potential gains and losses from short selling.
C11Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?
41. Besides the topics for periodic disclosure noted above, we propose to require as a benchmark disclosure in the PDS that the fund provides periodic disclosure of the current funds under management (FUM) of the fund and investment returns as at the end of the period.
42. The Corporations Act requires a fund to give investors a periodic statement at least annually. We understand that current market practice is to provide investors with more frequent reports. The Corporations Act also requires that reports of a significant change be given to investors as appropriate without waiting for the normal reporting period.
(i) the key service providers if they have changed since the last report given to investors (see Proposal C4(g)).
If the fund does not meet this benchmark, it should disclose why not.
C12Q1 Is the proposed benchmark useful and appropriate for investors? Why?
C12Q2 Is there any additional information that should be included in the periodic disclosure?
C13 Benchmark: We propose that a PDS for a hedge fund should disclose that the latest periodic report is available on the fund's website. If the PDS does not meet this benchmark, it should disclose why not.
C13Q1 Is the proposed benchmark useful and appropriate for investors? Why?
43. This principle ensures that the investor is made aware of the circumstances in which the fund allows withdrawals and how this might change.
(d) how investors will be notified of any material changes to their withdrawal rights (e.g. if withdrawal rights are to be suspended).
C14Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?
44. We propose to allow a transition period after which issuers of hedge funds will be required to apply the disclosure principles and benchmarks in PDSs given to new investors.
45. We would also expect, in accordance with the issuers' obligations under the Corporations Act in relation to continuous disclosure and significant event reporting, that issuers of hedge funds will provide updated disclosure to existing investors addressing the principles and benchmarks.
(b) existing issuers of hedge fund to provide updated disclosure to existing investors that applies each of the disclosure principles and addresses each of the benchmarks.
C15Q1 Do you agree with the proposed implementation timetable?
C15Q2 Are there likely to be any practical problems in complying with this timetable? If so, what approach would ensure that investors are adequately informed?
(b) not unduly interfering with the marketing and sale of financial products.
(c) if our proposed option has more than minor or machinery impact on business or the not-for-profit sector, preparing a Regulation Impact Statement (RIS).
48. All RISs are submitted to the OBPR for approval before we make any final decision. Without an approved RIS, ASIC is unable to give relief or make any other form of regulation, including issuing a regulatory guide that contains regulation.
of our proposals or any alternative approaches: see 'The consultation process', p. 4.
(a) Hedge funds and/or hedge fund managers/advisers should be subject to mandatory registration.
(c) Prime brokers and banks which provide funding to hedge funds should be subject to mandatory registration/regulation and supervision. They should have in place appropriate risk management systems and controls to monitor their counterparty credit risk exposures to hedge funds.
(d) Hedge fund managers/advisers and prime brokers should provide to the relevant regulator information for systemic risk purposes (including the identification, analysis and mitigation of systemic risks).
(e) Regulators should encourage and take account of the development, implementation and convergence of industry good practices, where appropriate.
(f) Regulators should have the authority to cooperate and share information, where appropriate, with each other, in order to facilitate efficient and effective oversight of globally active managers/advisers and/or funds and to help identify systemic risks, market integrity and other risks arising from the activities or exposures of hedge funds with a view to mitigating such risks across borders.
5'Hedge funds oversight', Final Report, IOSCO Technical Committee, June 2009.
Recommendation no. 10: Supervisors should introduce and/or strengthen (in view of the risk posed) appropriate and proportionate minimum risk management regulatory standards for hedge fund operators. If necessary, supervisors should be given the authority to do so.
Recommendation no. 11: Supervisors should impose reporting requirements on hedge fund operators to identify current or potential sources of systemic risk and to enable cross-sectoral monitoring of systemically important hedge funds. If necessary, supervisors should be given the authority to do so.
Recommendation no. 12: In view of the operational risks posed and in order to allow for orderly winding down of a fund operator in the event of bankruptcy, supervisors should impose minimum initial and ongoing capital requirements on operators of systemically relevant hedge funds. If necessary, supervisors should be given the authority to do so.
6 'Review of the differentiated nature and scope of financial regulation: Key issues and recommendations', Joint Forum, January 2010.
A number of jurisdictions have defined hedge funds for regulatory purposes by reference to the common characteristics of such funds.
b) investment in non-mainstream asset classes i.e. investments other than listed equities, bonds and cash.
(b) the use of alternative investment strategies such as long/short exposure, leverage and/or hedging and arbitrage techniques.
(c) economic (debt) leverage, as well as leverage embedded in financial instruments such as derivatives.
(g) frequently set a very high minimum investment limit (e.g. at least US$100,000 for most funds).
The United States, for reasons related to the structure of its pre-existing regulatory regimes, has not needed to define hedge funds.
The recent Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 brings within the ambit of the Investment Advisors Act 1940 advisers to 'private funds' who had enjoyed the benefit of an exemption from the scope of that Act where they had fewer than 15 'private clients' by abolishing that exemption. As most US hedge funds were structured as 'private funds' (i.e. funds that are not offered to the public and have fewer than 100 investors), their advisers, with certain limited exceptions, now have to comply with extensive disclosure and other requirements under the Investment Advisors Act and new reporting obligations under the Dodd-Frank legislation.
Similar to the approach in the United States, the Directive on Alternative Investment Fund Managers, which was passed by the European Parliament in November 2010, will apply to all managers of funds not covered by the UCITS subject to limited exceptions. As the UCITS restrictions make implementing many hedge fund strategies difficult or impossible, most European hedge funds were not UCITS funds. Accordingly, managers of these funds marketed in the European Union will now be subject to the extensive disclosure and other obligations imposed by the Directive.
Product Disclosure Statement A document that must be given to a retail client in relation to the offer or issue of a financial product in accordance with Div 2 of Pt 7.9 of the Corporations ActNote: See s761A for the exact definition.
B1 We propose that our disclosure principles and benchmarks apply to any registered managed investment scheme that is, or has been promoted as, or is generally regarded as:(a) a hedge fund; or(b) a fund of hedge funds. B1Q1 Do you agree with the proposed coverage of the disclosure guidance?
B2 In determining whether a particular registered managed investment scheme falls within the scope of Proposal B1, the following factors may be relevant:(a) Strategy: The fund pursues complex strategies that aim to generate absolute returns, returns with low correlation to equity and bond indices, or a positive return in both rising and falling markets.(b) Leverage: The fund often uses leverage to increase investment returns.
(e) Complexity: The fund often has exposure to diverse risks and complex underlying products. B2Q1 Does our proposed approach provide a sufficient level of certainty? Are examples illustrating the application of these disclosure principles and benchmarks needed?B2Q2 What weight should be placed on the factors in Proposal B2 when deciding if a fund is a hedge fund? Why?B2Q3 Are there additional characteristics that should be included to appropriately capture hedge funds?
B3 We are considering whether we should encourage issuers to use the principles and benchmarks when providing information to investors in similar situations, such as:(a) similar offers to wholesale investors; and(b) offers by listed investment companies that have some of the features of hedge funds. B3Q1 Should the proposed disclosure principles and benchmarks be encouraged as best practice for offers to wholesale investors and offers by listed investment companies?
B4 We are considering whether we should exercise ASIC's powers to exclude any fund that would fall within the proposed scope of our disclosure guidance (as set out at Proposal B1) from the definition of a simple managed investment scheme. B4Q1 Do you consider that hedge funds should be excluded from the shorter PDS regime? What compliance costs would be involved for funds affected? How many funds would be affected?B4Q2 Alternatively, should our proposed guidance only apply to schemes that are not simple managed investment schemes? Why?
C1 We propose that hedge funds should apply each of the disclosure principles outlined in this section, and address each of the benchmarks on an 'if not, why not' basis: see Proposals C2–C14. C1Q1 Have we identified the relevant disclosure principles and benchmarks? Are there any disclosure principles or benchmarks that are missing? Have we included anything that is not relevant?C1Q2 Besides disclosure principles and benchmarks, are there additional ways of dealing with the risks relating to the complexity of hedge fund structures, their investments and leverage arrangements that should be considered (e.g. investor education, enhanced licensing requirements, enhanced compliance plan requirements, statutory suitability tests and banning retail investor access to hedge funds)? Please give details of the costs and benefits of these options.
(f) how the investment strategy can change and what notification would be provided to investors. C2Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?C2Q2 Are there any additional issues relating to investment strategy that should be highlighted in ASIC guidance?
(c) the circumstances in which the responsible entity is entitled to terminate the manager's appointment and on what terms (including any payments). C3Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?C3Q2 Are there any additional issues relating to the investment manager that also warrant disclosure?
(j) the existence and nature of material arrangements in connection with the fund that are not on arm's length terms. C4Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?C4Q2 In relation to ProposalC4(g), do you agree that 10% of the fund's net asset value is the appropriate trigger? If not, why not?C4Q3 Are there any additional issues relating to the fund structure that also warrant disclosure?
(d) the custodial arrangements, including details of the roles provided by custody service providers. C5Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?C5Q2 Are there any additional asset classes that should be disclosed?
C6 Benchmark: We propose that a PDS for a hedge fund should disclose that valuations of assets that are not exchange traded are confirmed or provided by independent third parties. If the fund does not meet this benchmark, it should disclose why not. C6Q1 Is the proposed benchmark useful and appropriate for investors? Why?
C7 Benchmark: We propose that a PDS for a hedge fund should disclose that all custodians (including custodians of any funds invested in by the fund) involved in the fund structure are independent third party custodians. If the fund does not meet this benchmark, it should disclose why not. C7Q1 Is the proposed benchmark useful and appropriate for investors? Why?
C8 Disclosure principle: We propose that if more than 20% of a hedge fund's assets cannot be sold at market value in less than 10 days, the PDS for the fund should disclose the following information:(a) a description of any illiquid asset class that has a value greater than 10% of the fund's net asset value; and(b) the key aspects of the liquidity management policy. C8Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?
(d) a worked example showing the impact of leverage on investment returns and losses, assuming the anticipated level of leverage (including leverage embedded in the assets of the fund). C9Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?C9Q2 Is the anticipated level of leverage (including leverage embedded in the assets of the fund) an appropriate measure of gearing exposure where the fund invests in products that have leverage built in to them?
(e) whether the derivatives and structured products are OTC or exchange traded. C10Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?
(d) an example showing the potential gains and losses from short selling. C11Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?
If the fund does not meet this benchmark, it should disclose why not. C12Q1 Is the proposed benchmark useful and appropriate for investors? Why?C12Q2 Is there any additional information that should be included in the periodic disclosure?
C13 Benchmark: We propose that a PDS for a hedge fund should disclose that the latest periodic report is available on the fund's website. If the PDS does not meet this benchmark, it should disclose why not. C13Q1 Is the proposed benchmark useful and appropriate for investors? Why?
(d) how investors will be notified of any material changes to their withdrawal rights (e.g. if withdrawal rights are to be suspended). C14Q1 Is the proposed disclosure principle useful and appropriate for investors? Why?
C15 We propose 1 July 2012 as the commencement date for:(a) new and current issuers of hedge funds to apply each of the disclosure principles and address each of the benchmarks in PDSs given after that date; and(b) existing issuers of hedge fund to provide updated disclosure to existing investors that applies each of the disclosure principles and addresses each of the benchmarks. C15Q1 Do you agree with the proposed implementation timetable?C15Q2 Are there likely to be any practical problems in complying with this timetable? If so, what approach would ensure that investors are adequately informed?


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Nombor Pendaftaran Hotel: 3195/AL, 3579/AL, 3569/AL, 3375/AL, 3213/AL, 3570/AL, 3443/AL.
Good location . Room are clean and neat . Well recommended.
Good location, 2 free bottle of water, available kitchen rolls and dishwasher tablets. Great free speedy wi-fi broadband and cable TV. Silent air-conditioned. Hot water in the shower took ages to flow. If the pillow cases had been changed from previous guests or on the day we reported it I would have given better scores.
Excellent place for a weekend escape!
The apartment was quite comfortable and had a lovely terrace. The area is really good (there is a mini-market, and a lovely restaurant called Olla two blocks away) though be ready to walk up/down hill (as everywhere in Lisbon). All the facilities worked fine, and they have a 24 hour help line in case you have any issues. The apartment is great for a couple, or family with toddlers, and very safe.
While well located for tourist activity, the apartment had too many negative aspects e.g. lumpy bed; leather faced sofa bed (horrible); no duvet cover supplied for sofa bed;, dangerous slippy rug (we had to remove and put in lobby); broken shelf in bathroom; toe stumping door stop in bathroom; welcome fruit basket containing old fruit including a rotten apple. Positives - big kitchen well stocked with equipment.


text:
Kamil Tolon (* 29. Februar 1912 in Konstantinopel; † 23. Juli 1978 in der Schweiz) war ein türkischer Geschäftsmann und Industrieller.

Werdegang
Als er 1935 sein Studium an der Universität abschloss, wurde er PTT-Inspektor. Danach eröffnete er mit Fahri Batıca ein Geschäft. In diesem Geschäft wurde die erste Waschmaschine in der Türkei hergestellt.  Danach schlug sein Klassenkamerad Adnan Menderes Kamil Tolon vor, einen Elektromotor herzustellen. Später baute er den ersten Elektromotor in der Türkei.

Verweise

Unternehmer (Türkei)
Türke
Geboren 1912
Gestorben 1978
Mann

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