We know your pain ...
Carolina Naturally is read in 192 countries around the world daily.
It's nothing, really ...
Today is (there is no special celebration today) Day
Don't forget to visit our sister blog: It Is What It Is
|1525||The Catholic princes of Germany form the Dessau League to fight against the Reformation.|
|1545||King Henry VIII of England watches his flagship, Mary Rose, capsize as it leaves to battle the French.|
|1788||Prices plunge on the Paris stock market.|
|1799||The Rosetta Stone, a tablet with hieroglyphic translations into Greek, is found in Egypt.|
|1848||The first Women's Rights Convention convenes in Seneca Falls, N.Y, organized by Lucretia Mott and Elizabeth Cady Stanton.|
|1870||France declares war on Prussia.|
|1942||German U-boats are withdrawn from positions off the U.S. Atlantic coast due to American anti-submarine countermeasures.|
|1943||More than 150 B-17 and 112 B-24 bombers attack Rome for the first time.|
|1975||Apollo and Soyuz spacecrafts dock in orbit.|
Bank of America Corp. (NYSE:BAC) warned Friday of a multi-billion dollar hit from the latest financial regulation, pressuring shares of the banking giant. Reforms that passed Congress Thursday include potential limits on debit card interchange fees recieved or charged by issuers like Bank of America. The company estimated this could knock as much as $1.8 billion to $2.3 billion off annual revenue generated by its Global Card Services business, starting in the third quarter of 2011.And now, three years later, said monster is posting 70% earnings boost based on higher earnings from investment banking and cost cutting, proving that regulations don’t kill business. Smart business can manage itself, and regulations keep businesses from being so greedy that they do really stupid things that end up tanking their companies and forcing taxpayers to bail them out.
The results beat analysts’ expectations. The bank earned $3.6 billion in the quarter after payments to preferred shareholders. That was up 70 percent from $2.1 billion a year ago.It’s not just Bank of America, either. The too-big-to-fail banks are generating record profits — a fact which should warrant oversight into their investment operations for excessive risks, but I digress.
Bank of America, the country’s second-biggest bank by assets, has been slimming down and cutting jobs since CEO Brian Moynihan took over at the beginning of 2010, a departure from the empire-building of his predecessors. The strategy meant to make the bank easier to manage and to escape potential extra scrutiny from regulators.
Wall Street firms from Bank of America Corp. to Switzerland’s UBS AG (UBSN) have already seen their profitability reduced by new capital requirements designed to avert future bailouts. Measures that still aren’t in place include a ban on banks trading for their own benefit, and strengthening margin requirements to make derivatives safer.Lamenting the “15 percent to 20 percent returns achieved before the financial crisis ‘appear to be a thing of the past for most players,’” they warned that all of the increase in profits will come from the cost side, not revenue. But heck, isn’t this the argument conservatives are making on the government? We don’t need revenue, we only need to cut costs. Since Republicans are the party of business, you’d think Wall Street would be pleased as punch to follow suit. Find your profits from cost cutting, not from taking advantage of customers via 20% “revenue”.
“The range of skills available through these platforms is expanding; among the workers offering their services through such marketplaces are … translators, business analysts, and financial modelers.”Then there’s automation, often described (or mis-described) nowadays as “artificial intelligence” or “AI.” A PBS program quotes Prof. Gary Marcus of New York University as saying, “Once somebody develops a good AI program it doesn’t just replace one worker. It might replace millions of workers.”
“The Democrats, when they passed the health care law, took $50 billion from over-charging students and used it to reduce the debt, pay for Pell grants, and to pay for the health-care bill. And they’re still doing that.”And the numbers he’s using for his statement:
The diocese has reportedly offered to replant trees in the area following the event.'The incident is lamentable. An event for youth should be educational and demonstrate a commitment to the environment and the future'
Axel Grael, Niteroi's vice-mayor
The results of the dairy cattle competitions have been suspended after vets carrying out ultrasound scans on two cows’ udders found anomalies which must be analysed to verify whether cheating has taken place.
Size and shape, it seems, are everything when it comes to a prize dairy cow’s udder, and farmers are suspected of either using superglue to block up teats, making the udders fill up, or inflating them with air...
...it is in the lucrative world of breeding that owners stand to make serious gains if they can boast a prize-winning dairy cow. Farmers can sometimes double the amount they charge for ampoules of semen from the bull which fathered the winning cow. With each bull producing more than a thousand shots of semen at up to £50 each, a farmer could gain as much as £25,000.
In France, sad to say wine drinking has plummeted in recent years, particularly among the young, who are more attracted to beer and spirits. A BBC story by Hugh Schofield from Paris explains: “Recent figures merely confirm what has been observed for years, that the number of regular drinkers of wine in France is in freefall.” He wrote that in 1980, “more than half of adults were consuming wine on a near-daily basis. Today that figure has fallen to 17%. Meanwhile, the proportion of French people who never drink wine at all has doubled to 38%.”
But will a starter wine flavored with cola and playing to a younger generation’s sweet tooth lead to an interest in learning about — and appreciating — their wine heritage?
Rouge Sucette — “Red Lollipop” — is cheaper than wine. A bottle will cost just under $4 in France and will be sold primarily in hypermarchés (huge supermarkets). How many Red Lollipop drinkers will graduate to something more sophisticated is not yet known.
Perhaps just as heartbreaking: that after noticing that the children were ill, "the school's teachers and administrators fled the school, according to Dr. Shambhu Nath Singh, the deputy superintendent of the government hospital in Bihar's Saran District.""There were emotional scenes as children, their limbs dangling and heads lolling to one side, were brought to a hospital in the Bihar city of Chhapra.
"Other children, lying listless on stretchers, were placed on intravenous drips amid chaotic scenes at the hospital. Outside, inconsolable relatives wept.
" 'My children had gone to school to study. They came back home crying, and said it hurts,' one distraught father told the NDTV network.
" 'I took them into my arms, but they kept crying, saying their stomach hurt very badly.' "
that following the tragedy, a group of residents rioted. They took to the streets with sticks and smashed the windows of police cars, torched at least one and destroyed a police booth."In Bihar alone, 20 million children participate in the program, which is administered by state officials.
"Many states provide the food by hiring charities, some of which are linked to powerful politicians. The programs have been credited with improving school attendance, sometimes substantially. And with some surveys suggesting that nearly half of Indian children suffer some form of malnutrition, the programs serve a vital health purpose. But complaints about the quality of the food are common."
|Ancient clay pottery with hiragana written in "sumi" ink on the back [Credit: Noboru Tomura]|