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whatdoesshedotothem · 2 years

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Thursday 4 July 1839

10 5/..

at Sittingbourne at 12 53/.. – off again at 1 and Canterbury at 3 25/.. – off at 3 32/.. and Dover at 5 ¾ - very lucky – the Widgeon Captain Hamilton (90 horse engine) to start at 6 ½ - never alighted at all – carriage

SH:7/ML/E/23/0075

and us in it all shipped at once – we were all Craned on board at 6 5/.. I had [?] Mr. Birmingham called up, and paid him for carriage and his trouble 10/6 about Madame de Bourkes’ shawl that I sent her (an Outram) an Cadeau last Xber – and for expense this morning 19/6 + ladder man 2/. and gave B- £2.11.6 – off at 6 1/4 – to be over at 8 ½ - we sat back and as quiet as we could – fine morning – fine breeze – but I was sick at 8 and A- ditto ½ hour afterwards – she once – I 2 or 3 times – Low water – can have the [missing word] before 2 or 3 pm – we all got into a small pilot boat at 8 50/.. and landed on the pier, ½ way or more up the harbour at 9 ¼ - a little surf – but A- behaved very well – as she would have done all the way to Hamburg from the tower stairs had she not had baths and Brodie, and so much time to frighten herself – walked – a minute or 2 seeing our writing cases looked into – at 2 Quillacqs’ at 9 35/.. – breakfast – tea – looked over foreign money we had brought – to my surprise [great] disappointment my Danish gold Fredericks not to be found – must spite of all my thought about them have been left at home – this and repacking travelling bag took till 1 25/.. then till now 2 5/.. wrote the whole of the last page (except the 1st five lines) and so far of this – then till 3 10/.. wrote out then till 3 10/.. wrote out the last 13 lines of page 141 and the whole of page 142 and the cross writing of the last page – having left all this blank at the time then having forgotten to leave Georges’ character with Mr. Hawkins (Mrs. H- thought of it was as I drove off – Mr. and Mrs. H- will get him a place if they can) wrote as follows ‘Mrs. Lister will be obliged to Mr. Hawkins to say should anyone inquire the character of George Wood, that he has lived with Mrs. Lister, as groom, near three years, and understands his business as groom, and is honest, sober, steady and trustworthy – he was seven months with Mrs. Lister in Belgium and France last year, a quick active, attentive servant and understanding the management of carriages – Mrs. Lister parts with him because she is now obliged to have a foreign servant who speaks languages – Calais Thursday morning 4 July 1839’ – ‘Mrs. Lister would have written this recommendation from Dover, but had not time to alight, having been driven down to the packet, and embarked at the moment of arriving – Calais Thursday morning 4 July 1839’ – wrote copy of letter to Madame de Bourke dinner at 5 50/.. in about an hour – then till now 8 wrote 3pp. of ½ sheet to Madame de Bourke to be left with Quillacq to forward by the courier free of expense, and finished my letter to M- began Friday evening 28 June that is, wrote the latter ½ p. 3 and ends – mentioned that we did not get off by the Hamburg packet on Tuesday night – nor out of London till after 6 last night – carriage heavy - .:. between 11 and 12 hours getting to Dover – then shipped immediately as we sat in the carriage – and never alighted between London and here where we landed at 9 ½ this morning – have just dined – enjoyed our good dinner – start at 4am tomorrow for Hamburg via Antwerp Utrecht and Bremen (as I have also told Madame de B-) M- and Madame de B- both to write to Copenhagen and if they please direct to the care of my bankers there Messrs. Frolich and co. – had paid the bills here and settled all now at 8 25/.. – fine day – F65° on arriving here at Quillacqs’ this morning – sent by Gross my letter to ‘Mrs. Hawkins 26 Dover street London affranchie’ and my letter 1st part 28 June 3pp. and ends to ‘Mrs. Lawton, Lawton hall Lawton Cheshire, Angleterre’ – and gave into the care of Mr. Quillcaq my 3pp. of ½ sheet in envelope to ‘Madame La comtesse de Bourke Rue du Faubourg St. Honoré à Paris’ – 9 ½ before we went to our room

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your-dietician · 3 years

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Jim Phelan's impact extended well beyond the basketball court | Sports

New Post has been published on https://tattlepress.com/ncaa-basketball/jim-phelans-impact-extended-well-beyond-the-basketball-court-sports/

Jim Phelan's impact extended well beyond the basketball court | Sports

The basketballs still bounced in Memorial Gymnasium on the campus of Mount St. Mary’s University on Thursday evening less than 48 hours after the passing of legendary head coach Jim Phelan. The sneakers still squeaked, the jumpers were still on target, and the players still competed. The defending Northeast Conference Champions were competing in a mid-week pickup game in the old gym where Phelan had built the Mountaineer program. They competed just as hard as Phelan had coached for the 49 years he was the head coach on the beautiful campus just south of the Mason-Dixon line.

All of it just the way Coach would have wanted it.

Phelan won 830 games at the Mount in a career that spanned 49 years from 1954 until he retired after the 2002-03 season. Remarkable in any era and downright preposterous in today’s revolving door coaching world, Phelan coached them all at Mount. St. Mary’s. When Phelan took over in the spring of 1954, the program had won 471 games in its 45 seasons under 16 different head coaches. By the time Phelan coached his last game, the school had a basketball identity. The win total had nearly tripled under his guidance to 1,301.

At the time of his passing, no one has won more games at Mount St. Mary’s than Jim Phelan. That is not overly surprising considering he ranks 13th all-time on the NCAA wins list. But what I meant to say was that Jim Phelan has more wins at Mount St. Mary’s than everyone else – combined. His 830 victories are 112 more than the other 21 coaches have racked up.

Along the way, his teams reached the NCAA Division 1 Tournament twice, the NCAA Division 2 Final Four on five occasions, winning the national championship in overtime in 1962 over Sacramento State.

As mind-blowing as those numbers might be, they aren’t the most impressive numbers or the most important numbers. Those numbers lie in the 217 student-athletes that he coached and guided through the years. Doctors, lawyers, investment bankers, school administrators among them, many kept in close contact with Phelan throughout the years.

“I consider it one of the great blessings of my life,” former Mountaineer Tony Hayden said of playing for Phelan via telephone from his Philadelphia area home late this week. “I think his flexibility with people was something. He didn’t coach everyone the same way. He recognized some people needed more urging than others, and some you had to back off a little bit. He was a player’s coach.”

Phelan grew up in Philadelphia, had a standout career at LaSalle, and played briefly for the Philadelphia Warriors in the NBA before becoming a coach. His first coaching job was at his alma mater as an assistant for one season in 1953-54. LaSalle won the national championship that season. Phelan headed to Emmitsburg shortly after that and never left.

Hayden joined the team a year after the Mount made its first trip to the NCAA Big Dance, facing Kentucky in the NCAA Tournament the year before. In those press conferences before the tournament action, fans got to see a part of Phelan that Hayden thinks might have often been hidden, the fact that Phelan was “funny, really funny.”

His sense of humor was on display during the pre-tournament press conference. Matched up with the daunting task of playing the top-rated Wildcats, Phelan quipped, “Kentucky has ten McDonald’s All-Americans. I have ten guys that eat at McDonald’s.”

Always viewed as an offensive coach, players were more likely to earn a spot on the bench for the shot they failed to take rather than the one they missed.

Silas Cheung shot the 1995 team into the NCAA Tournament, lighting up Rider’s Alumni Gymnasium with 5 second-half trifectas en route to a 19-point NCAA bid NEC Tournament MVP producing effort.

“He’d say, ‘Silas, if you’re not going to shoot it, you might as well be next to me. That’s why you’re in there.” Cheung recalled.

Cheung also talked about a recent visit he shared with Phelan and his wife Dottie about a month and a half ago.

“He’s just so genuine. They both are just great people. Dottie is always so sweet. I am very thankful I got to see them recently.”

He recalled Phelan’s efforts and noted that he always made time for his players and that he led by example as much as with his words.

“He just wanted to make sure that he helped turn you into a good man, a good father, a good person. He helped you through things. If you fell, you got up. He always made sure he had the time for you,” Cheung said.

As word of Phelan’s death spread on Tuesday, many who knew him, played for him or against him, coached with him or on the opposite bench, took to social media to express their memories, sadness, and admiration for him. Among them was one of the Mount’s all-time greats Riley Inge, the starting point guard against Kentucky in that NCAA Tournament game. Inge shared a pair of stories that he had kept to himself until now about Phelan’s profound impact on his life. A summary of Inge’s Facebook post is included here with his permission:

Inge recalled that he joined the Mount mid-season during the school’s second semester and that he was joining classes midstream and, in some cases, continuations of first semester courses. He noted that his professors had concerns about the situation, and a meeting between Mount President Robert Wickenheiser, Phelan, himself, and various department heads occurred. He recalls being uncomfortable and feeling unwanted when Phelan says, “I get paid to coach and win basketball games. You all get paid to teach students. Riley’s a student here now. Teach him what he needs to know, and I guarantee you he will graduate with a degree from Mount St. Mary’s.”

The words gave Inge chills. He admits that at that moment, he had no intention of graduating. He was thinking about going to the NBA, having a productive career, and becoming a coach.

“But when he guaranteed my graduation, I felt like I couldn’t make him a liar and let him down.”

Inge graduated in 1998. Inge also noted that his graduation came two years after his eligibility expired but that Phelan made sure he had the opportunity even when he was no longer scoring baskets and winning games for him. A promise Inge said Phelan had made to his Inge’s mother. Inge concluded his post with the following,

I’m telling y’all he cared about his people and he was a special guy. If you were fortunate enough to know him or be coached by him, you were a lucky person. Again, thank you coach for believing in me when I didn’t believe in myself. — Inge

Regardless of ability, frequently walk-ons don’t get much playing time on a college basketball team. Without a Division 1 scholarship offer upon graduating from St. Joseph’s Prep in Philadelphia, Hayden received the same opportunity Phelan gave his players on scholarship — to earn his playing time. An option that might not have occurred with another coach. Hayden started from day one.

“He did things a little differently,” Hayden admitted. “He certainly charted his own course. Like with the bowtie.”

Ah, yes, the bowtie. Phelan’s signature bowtie. Out of respect for his college coach Ken Loeffler who wore a bowtie, Phelan wore a bowtie in his first game. The Mount won. So he wore it the next game. The Mount won again, and the tradition was born. He wore the bowtie for all but one season. He gave it up when his daughter said it was “gross”, but an uncharacteristic losing season brought the bowtie back the following year.

I always find that when you talk to coaches, particularly those nearing the end of their career or already done coaching, they remember the losses more than the wins. Those are the ones that are hard to shake. Phelan had a way of turning the page and moving on.

With Phelan that always seemed to be deeply tied to his love and devotion to his family. His wife Dottie and his five children have always been at the center of the equation for Phelan. It’s a fact that all of the players I spoke with in the recent days brought up.

Jamion Christian played for Phelan’s final three teams. Christian’s first head coaching job came at Mount St. Mary’s and he will enter his third season as the George Washington head coach this season. He said he attempts to bring many of the same things he saw with Phelan to his players.

“As a coach the way you live your life around your players and in front of your players is important. When you look at coach, the relationship he had with his family and the way he incorporated you within that family. He cared tremendously about you and cared about what was best for you. He would fight for that for you.” George Washington head coach Jamion Christian said.

My roots to the Mount are deep. Phelan’s 1981 team was a glorious group that hooked me. The offensive style and the excitement of Memorial Gymnasium, particularly the night of March 7, 1981 reeled me in. Two weeks shy of my 8th birthday, I was impressionable. And the sights that unfolded that evening were unreal.

Playing in the NCAA Division II South Atlantic Regional final against Elizabeth City State, the Mount saw a late lead evaporate and trailed by one with 2 seconds left and needed to go the length of the floor and score to survive and advance.

As Mark Purdy wrote in The Gettysburg Times on Monday following the win:

Coach Jim Phelan had a plan. So did (Dennis) Dempsey.

As the story goes, Dempsey wanted to attempt to draw a foul on the inbounds play by getting the defender to run into him. Phelan was simply designing a play to hope that a half-court heave fell in. Dempsey, who had unsuccessfully tried the play in practice earlier in the week, convinced Phelan it was worth a whirl. He was right. The Elizabeth City State defender plowed into Dempsey and the referee called the foul. Dempsey calmly made both free throws and a devastated ECSU team called a timeout it didn’t have. The Mount made more free throws and ran out the clock.

“We didn’t call the play. He called the play,” Phelan said of the heroics afterwards.

That made me a Mount fan.

But it’s that family culture that has kept me. A culture of family that Jim Phelan used to build his basketball program. It’s something that every individual I’ve talked to about Phelan in the last few days has at the front of their minds.

A family culture that is truly special. A family culture that is truly infectious. A family culture set in motion by a Hall of Famer in every way. A family culture that will continue.

“Our family culture is something that has been passed down at the Mount,” current head coach Dan Engelstad said on Friday. “Coach Phelan passed that down to Coach (Milan) Brown and gave him his blessing and he in turn passed that down to me. The family dynamic has always been important here. I want to keep that. Because a closer family makes for a more enjoyable journey. I want to make him proud, not just in words, but in the way I live it.”

Someday, and it might be sooner than later based on what I saw in that pickup game, the Mount will win for the 1,661st time in school history. With that win, all of the other coaches will finally have more wins than Jim Phelan.

As Mount St. Mary’s fans, we’ll do what we do with wins.

We’ll put a bowtie on it and remember how we got there.

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orbemnews · 3 years

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Why Rising U.S. Consumer Prices Could Mislead: Live Updates Here’s what you need to know: The latest Consumer Price Index is expected to show a jump in inflation, but central bankers say the price pressures are likely to be temporary.Credit…Andrew Spear for The New York Times Consumer prices are expected to jump sharply in April data that will be released on Wednesday, a move resulting mainly from a technical quirk — but one that investors will be watching carefully as they try to determine if inflation could alter Federal Reserve policy. The Consumer Price Index probably climbed by 3.6 percent in the year through April, economists surveyed by Bloomberg expect. The increase in prices from March to April is expected to be more muted, at 0.2 percent. The Labor Department will release the figures at 8:30 a.m. The annual jump would be the fastest increase since 2011, and a sign that prices are shooting higher as inflation figures lap extremely weak readings from 2020 and, to a lesser extent, as supply chain disruptions begin to bite and demand climbs. Central bankers think the jump in prices will be short-lived, and have made it clear that they plan to look past a temporary increase when setting policy. The technical quirks at work in April will last only a few months, officials point out, and while it is less clear when shortages will be resolved, they are expected to eventually work their way through the system as businesses ramp up production to meet demand. But the concern on Wall Street, and among some economists, is that the fast recovering economy, huge stimulus efforts from Washington and pent-up demand from consumers could mean that price gains are more pronounced or sustained than the Fed can tolerate. April 2021 forecast: +3.6% Percent change in Consumer Price Index from a year ago Some of April’s expected jump can be explained through what’s known as base effects — prices fell significantly last spring, so the increase now from the year prior is larger, even if prices are not rising as dramatically. 2021 Consumer Price Index April 2021 forecast: +3.6% Percent change in Consumer Price Index from a year ago Some of April’s expected jump can be explained through what’s known as base effects — prices fell significantly last spring, so the increase now from the year prior is larger, even if prices are not rising as dramatically. 2021 Consumer Price Index A key part of the central bank’s role is to keep price increases contained, so a steep acceleration in prices that is expected to last might prompt it to dial back policies that keep money cheap and credit flowing. Reducing the support would probably cause stock prices to sink. While the Fed defines its inflation target using a separate measure, the Personal Consumption Expenditure index, that metric relies on data from the C.P.I. and is also expected to move above the central bank’s goal. Fed officials aim for 2 percent annual inflation on average. Central bankers have been clear that they would react if, contrary to their expectations, signs of a persistent price takeoff emerged. But they have also said they want to avoid withdrawing support from the economy early, which could leave the labor market incompletely healed and put longer-run inflation at risk of returning to uncomfortably low levels, where they have been mired for much of the past decade. Lael Brainard, a Fed governor, said during a speech on Tuesday that “remaining patient through the transitory surge associated with reopening will help ensure” the economic momentum to “reach our goals.” SoftBank reported a net profit of more than $36 billion for the year ending in March.Credit…Philip Fong/Agence France-Presse — Getty Images The comeback continued for SoftBank on Wednesday, as the Japanese technology investment firm posted a net profit of more than $36 billion for the year ending in March. Yet a recent slide in confidence in technology stocks could make it more difficult for Masayoshi Son, the founder of the technology conglomerate turned investment powerhouse, to keep up the momentum after what seemed like an impossible change of fortune. Last May, SoftBank was in crisis after posting a loss of more than $12 billion. Its big bets on Wall Street favorites, like WeWork, the troubled office space company, and Uber, resulted in huge losses. But it was not down for long. Riding high on a post-pandemic stock boom, SoftBank has since notched seemingly unthinkable gains. When compared with its previously released figures, the year-end results implied a profit for the first three months of 2021 alone of more than $17 billion. In a live-streamed press event Wednesday, Mr. Son opened by showing a photo of the humble town where SoftBank began, before calling the huge earnings numbers “lucky plus lucky plus lucky.” Mr. Son told investors on Wednesday that he would not deny that he is a gambler. But he said he regretted some decisions. The question now is whether his current run of luck can continue. SoftBank’s profit, mostly paper gains from increases in investment values, was based heavily on a jump in the price of South Korean e-commerce firm Coupang after it listed earlier this year. Results were also lifted by strong share price rises from other SoftBank investments, DoorDash and Uber. The share price of all three companies has fallen sharply over the past month on a broader pullback in technology shares, in part related to fears over inflation out of the United States. Investors appeared more interested in the broader tech sell off than Mr. Son’s luck, as SoftBank’s shares fell more than 3 percent on Wednesday, despite the solid gains. With the Colonial Pipeline, a vital fuel pipeline stretching from Texas to New Jersey, shut down after a ransomware attack, airlines, consumers and state leaders are responding as gas prices rise in part of the country. Industry analysts said the impact of the shutdown would remain relatively minor as long as the artery was fully restored soon, but drivers scrambled to fuel their vehicles at filling stations across the Southeast on Tuesday in a panic-buying spree that left thousands of outlets out of gasoline. Gasoline in Georgia and a few other states rose 3 to 10 cents a gallon on Tuesday, a price jump typically seen only when hurricanes interrupt Gulf of Mexico refinery and pipeline operations A gallon of gas increased an average of nearly 7 cents in South Carolina and 6 cents in North Carolina on Tuesday, while gas in Virginia rose about 3 cents a gallon. Filling stations in Southern states were selling two to three times their normal amount of gasoline on Tuesday, according to the Oil Price Information Service, an organization that tracks the oil sector. Some stations are running out of fuel while others are limiting purchases to 10 gallons. Gov. Brian Kemp of Georgia signed an executive order suspending his state’s gasoline tax through Saturday, which amounts to roughly 20 cents a gallon. Gov. Roy Cooper of North Carolina and Gov. Ralph Northam of Virginia each declared a state of emergency in an effort to suspend some fuel transport rules. American Airlines said it had added stops to two daily flights out of Charlotte, N.C. One, to Honolulu, will stop in Dallas, where customers will change planes. The other, to London, will stop in Boston to refuel. The flights are expected to return to their original schedules on Saturday. Southwest Airlines said it was flying in supplemental fuel to Nashville, and United Airlines said it was flying extra fuel to Baltimore; Nashville; Savannah, Ga.; and Greenville-Spartanburg International Airport in South Carolina. Shopping for books in Barcelona last month. Spain’s economy, hit hard during the pandemic, is expected to grow nearly 6 percent this year.Credit…Pau Barrena/Agence France-Presse — Getty Images The economic outlook has brightened considerably across Europe after lockdowns restricted growth at the start of the year. Now, economists can foresee the complete recovery by the end of next year from the early effects of the pandemic. The British economy grew 2.1 percent in March from the previous month, the Office for National Statistics said on Wednesday. The reopening of schools was one of the biggest reasons for the larger-than-expected jump in economic growth, as well as a rise in retail spending even though many stores remained closed because of lockdowns. The statistics agency estimated that gross domestic product fell 1.5 percent in the first quarter, slightly less than economists surveyed by Bloomberg had predicted, while the country was under lockdown with nonessential stores, restaurants and other services such as hairdressers shut. Though the British economy is still nearly 9 percent smaller than it was at the end of 2019, before the pandemic, the Bank of England forecasts it to return to that size by the end of this year. The European Commission also upgraded its forecasts for the region on Wednesday. It predicted the European Union economies would grow 4.2 percent this year, up from a forecast of 3.7 percent three months ago. Germany’s economy is forecast to grow 3.4 percent this year and Spain, which suffered Europe’s deepest recession last year, is expected to grow nearly 6 percent. “The E.U. and euro area economies are expected to rebound strongly as vaccination rates increase and restrictions are eased,” the commission, the executive arm for the European Union, said on Wednesday. The recovery will be driven by household spending, investment, and a rising demand for European exports, it said. Still, despite the optimistic outlook, the commission warned that the risks were “high and will remain so as long as the shadow of the COVID-19 pandemic hangs over the economy.” Even as millions of people were vaccinated, the number of new coronavirus cases globally reached a peak in late April as the pandemic has struck especially hard in India. The uneven distribution of vaccines around the world and the emergence of new variants has the potential to set back the recovery. The National Institute Of Economic and Social Research in London said on Monday that it did not expect the British economy to return to its prepandemic size until the end of 2022, predicting a slower recovery than the central bank. Economists at the institute expect lower global growth because of uncertainty about the global vaccine rollout and lingering doubts about the end of the pandemic inducing more people to hold onto their savings, rather than spend it. The electric Endurance pickup truck made by Lordstown Motors. An investment firm claimed the company had inflated the number of orders for its pickup trucks.Credit…Tony Dejak/Associated Press Lordstown Motors is one of a dozen electric vehicle start-ups that have wowed investors with big plans to revolutionize the auto industry. But in February, a prototype it was testing in Michigan caught fire. Then, in April, another prototype dropped out of a 280-mile off-road race in Baja California after just 40 miles. Lordstown is also being investigated by the Securities and Exchange Commission, and its stock has tumbled from a high of about $30 last year to less than $8. The swift rise and stunning decline of Lordstown are emblematic of the recent mania for E.V. businesses that are far from making a product, let alone selling it, Neal E. Boudette and Matthew Goldstein report for The New York Times. That frenzy has been driven by investors looking for the next Tesla, a pioneer in the industry that has a strong sales lead over other electric-car makers. But Lordstown seems far from achieving its goal of churning out electric pickup trucks starting in September and becoming a challenger to G.M. and Ford Motor. It’s not alone. Shares of Nikola, which is developing heavy trucks, have fallen from around $65 to about $11, for example. The S.E.C. is looking into allegations by an investment firm that Nikola made false statements about its technology. Buying protective face masks following a small outbreak of coronavirus disease in Taipei, Taiwan, on Wednesday.Credit…Ann Wang/Reuters Growing concerns in Taiwan about a small but worsening coronavirus outbreak drove a sharp intraday plunge in its stock market on Wednesday, as investors worried about new government restrictions on businesses in a place that has largely escaped the pandemic. On Wednesday morning, Taiwan’s health minister, Chen Shih-chung, said that the island’s new outbreak has reached a “very severe stage” and that restrictions could be upgraded in “the coming days.” He spoke after the government reported 16 new cases of local infection on Wednesday and seven on Tuesday. The Taiwan Stock Exchange weighted index slumped as much as 8.6 percent intraday following the news, a nearly 13 percent loss from its April peak. The market regained some ground later in the day and finished down 4.1 percent. Taiwan has been a rare success story in a pandemic-stricken world. The island democracy threw up its borders when the pandemic first began to spread from mainland China and has heavily limited travel. It has recorded only 1,210 total cases, according to a tally by The New York Times. But the authorities haven’t been able to trace the handful of cases that have popped up in recent days, raising questions about whether the government will limit the number of people who can gather within restaurants or other businesses. Taiwan instituted some Covid-related restrictions on Tuesday, the first in a long time. It suspended large events, limiting outdoor gatherings to 500 people and indoor gatherings to 100 people. On Wednesday morning, the health minister said that the restrictions might be stiffened within days. Source link Orbem News #Consumer #Live #Mislead #Prices #rising #Updates

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newstfionline · 6 years

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The Secret Lives of Central Bankers

By Annelise Riles, NY Times, Oct. 20, 2018

A few years ago, a senior Japanese central banker let me in on a secret side of his life: Like some others in his rarefied world, he is a passionate devotee of Sherlock Holmes. After formal meetings in capitals around the world, he joins the other Sherlock Holmes buffs over drinks or dinner for trivia competitions, to test their knowledge of obscure plot details, or to share amateur historical research into Victorian London.

It is all very casual, but the camaraderie is important to him. Through this informal fan club, the banker told me, he had made his closest professional friendships. “I feel closer to many of these people than to many of my countrymen,” he said.

As an anthropologist, I have spent 20 years studying the customs, beliefs and rituals of central bankers around the world. They see themselves as jacks-of-all-financial-trades who solve complex financial crises before they can damage the unsuspecting public. They are as clever as the extraordinarily wealthy banking executives whom they regulate, but motivated by higher ideals. So it made sense that the aloof and justifiably arrogant Sherlock Holmes might represent for them an ideal of masculine brilliance (they are mostly still men), rationality and self-control. Like Holmes, central bankers consider their detachment an asset.

But in the real world, this high-mindedness has come at a cost. In the United States, President Trump has suggested that the Federal Reserve is not doing “what’s good for the country,” and on Tuesday he told Fox Business that the Fed was his “biggest threat.” He said that it was “raising rates too fast, and it’s too independent.” So far, the Fed chairman has remained above the political fray. But if the president persuades enough Americans that the Fed’s decisions to raise interest rates, which would make their credit cards and mortgages more expensive, are to blame for their financial troubles, principled silence may not be enough.

The acculturation process for central bankers begins early. Most of them attend a handful of elite universities--the University of Chicago, Harvard, Yale, Oxford, Cambridge--to study neoclassical economics, and their early training often involves a secondment to the central banking institutions of another country. In Tokyo or Frankfurt or New York, they operate within a closed set.

There are norms of dress: sharp, conservative suits and dark ties, but never fancy shoes. (Janet Yellen’s decision to remove her jacket at a summertime meeting once caused a stir.) And many central bankers date their lives according to memories of certain key international banking agreements: Basel I and Basel II are, for them, like the fall of the Berlin Wall or the Sept. 11 attacks.

This world is beginning to feel like an anachronism, especially after the financial crisis of 2008. When markets fail to respond to monetary policy as the science says that they should, the public loses faith in experts. And it may not be possible for the informal and secretive craft of central banking to continue its traditions in a world that demands greater transparency and accountability. This tradition of the apolitical central banker isn’t even very well established. It goes back only to the late 1980s and early 1990s, when a flurry of academic research suggested that independent central banks were correlated with lower inflation--a priority at the time for the United States.

At one closed-door meeting that I organized, a central banker from South Asia complained to the ones from the United States and Europe, in essence: You guys meet the night before at your private club, and then you show up here, and the decisions have already been made.

The man he was challenging wasn’t embarrassed. Instead, he said, in effect: Well, if you could just learn to play by the rules, then you could be part of that club. Look at the Japanese. They’ve learned all the rules, and now look where they are.

This arrogance, toward the public and even toward one another, undermines central banks’ effectiveness. One of the goals of monetary policy is to shape people’s behavior. When a central bank says it anticipates that prices are going to rise, it expects the public to take that advice seriously. If people do, and they buy things now before prices rise, then perhaps prices won’t rise as much. But central banks need credibility for this stabilizing mechanism to work.

Some countries do have this level of public trust, built carefully over decades. In Denmark, for example, central bank officials make a concerted effort, in speeches and other public comments, to tell the story of how their work contributes to the egalitarian society that Danes value. Danes love their central bank.

There are still, of course, central bankers who argue that they should preserve their mystique or people won’t respect them. Others believe that close ties among central bank officials benefit everyone: The 2008 crisis, for example, might have been much worse if they did not have such open lines of communications. One central banker I know, from one of the Group of 7 countries, spoke movingly about how much he valued his deep personal relationships with leaders at the People’s Bank of China. He said both sides shared quite sensitive information and did whatever they could, within the boundaries of their professional obligations, to support one another.

In an era of increasing economic nationalism, this cosmopolitan culture may be difficult to maintain.

Holmes never worried about this sort of thing. In “A Study in Scarlet,” upon being told that the earth in fact revolves around the sun, Holmes declares, “What the deuce is it to me?” Dr. Watson is shocked, but Holmes insists, “If we went round the moon it would not make a pennyworth of difference to me or my work.” His central banking acolytes may not be so lucky.

#central bankers #Sherlock Holmes

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jesusguthrie221-blog · 6 years

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Beverly Hills Real Estate Agents

Corridor And Hunter Luxurious Actual Property Birmingham, MI As a child for fun, I used to design floor plans of houses and design entire neighborhoods. Veronica loves sharing her experiences with every individual that enrolls in CA Realty Training. So long as you meet the minimum order requirement of $30, this Southern California grocery chain can ship on-line orders to most L.A. zip codes.

Beverly Hills Real Estate Agents Real Estate Agents Beverly Hills Ca Matthew Greenberg 202 N Canon Dr, Beverly Hills Ca 90210 310-309-7304

He also represented Nile Niami in his $9.5 million acquisition of Scooter Braun's Hollywood Hills home, and he is listing Simon Fuller's Beverly Hills house for nearly $19 million. Surrounded by families within the Beverly Glen middle, we all know who we're catering to, and goal reflect authenticity in every aspect of a market expertise.

Sensible & Last is the Smaller Sooner Warehouse Store” where households, companies and organizations discover great savings on an in depth number of recent perishables and on a regular basis grocery gadgets, along with a targeted choice of foodservice, packaging and janitorial merchandise, beneath both national and personal label brands. Her experience in the City of Beverly Hills and surrounding areas, coupled with her impeccable business expertise, make her a real find in Southern California's Real Estate Market. She did more speaking as a real property coach for Dynetech, launched the SOS radio present serving to save house owners from foreclosure, and went on work as an on-air television host for The Liquidation Channel, once again specializing in the REO & quick sale market. Jurgensen's, the upscale connoisseur grocery chain whose shops had been a fixture in lots of tony neighborhoods throughout California, has closed its Beverly Hills retailer to concentrate its vitality and capital on building a Pasadena headquarters retailer, company officers mentioned Tuesday. Even along with her hands full, Mischa brightens up London's grocery store aisles in her blue romper and neon orange cork wedges. The unique Beverly Hills development offers a extra modest neighborhood with traditional Florida living in houses constructed in the course of the 1940's and 1950's. Previous to joining Sotheby's Worldwide Realty, Frank owned and operated the brokerage agency, Frank Symons Realtors. I personally know actual estate brokers who seem on television on a regular basis who refuse to work with anyone if the acquisition or sale will not be 1.5 million or more. Gottula and Rey, whose rookie deal was Sonny and Cher's $4.2 million mansion in 1978, also are itemizing a 25-acre Beverly Hills winery property for $149 million. Beverly Hills police mentioned they arrested two girls in the automotive, identified as Jamika Marie Abair, 22, and Sarah Huerta, 19. Beverly Hills is a showcase city of manicured lawns, majestic palms, extravagant gardens, and estates designed by the world's most outstanding architects. Be the primary to listen to about thrilling new merchandise, seasonal produce, and what is going on on in our shops. McCormick mentioned the decision to close the small Beverly Hills store was based in part on the current financial stoop and a want to focus the corporate's sources on constructing a $thirteen-million, 52,000-sq.-foot Pasadena store. Libow's loyalty to Beverly Hills - town he was born and raised in by his mother and father Sally and Mitchell, and has by no means left - is evident in his career path. New results from a study conducted in 2012 at a leading Dental Faculty within the UK have proved that Beverly Hills Formula products are simpler at eradicating stains, after leaving toothpaste on tooth for five minutes earlier than brushing, in comparison with another leading brands of whitening toothpastes and toothpolishes. The prices is likely to be a bit greater than a standard grocery store, however they're possible cheaper than what you'd pay for the same item at Entire Foods or another well being meals retailer. Frank is an lively participant in the local community and was lately named Citizen of the Year” by the Friends of Robinson's Gardens of Beverly Hills. He additionally serves on the Board of Administrators of the Fraternity of Pals who help the humanities in Los Angeles. Within Keller Williams Realty Beverly Hills, David leads his own residential gross sales workforce, the Bailey Group, providing personalised service to their purchasers who embrace entrepreneurs, Fortune 500 executives, and celebrities, some of whom are Oscar winners. Josh has sold over $2,000,000,000 worth of property and is a top realtor at one of the vital prestigious actual property corporations in the United States. In current months, Fortunate's has adopted Jurgensen's instance and begun offering house supply service to customers. You will interact with a high-volume of customers in a quick-paced surroundings making certain that all of their grocery purchasing needs have been met. Million Dollar Listing follows the lives of three of Los Angeles' hottest, young, and aggressive real property magnates as they make a fortune promoting multi-million dollar properties in probably the most exclusive neighborhoods- Hollywood, Malibu and Beverly Hills. Followers on the web page immediately began researching who Houston was and came upon she worked for the Sam Real Group in Beverly Hills. The Metro Wilshire/La Brea Customer Center positioned at 5301 Wilshire Boulevard (at La Brea Boulevard) is the closest office to Beverly Hills. Accolades and awards include HIGH 100 of Brokers in Southern California, Worldwide President's Premier Award, and Top 1% Internationally of over 167,000 Coldwell Banker brokers. Just some months after having son Theodore , the stocks up at a Hollywood grocery store in a chic military surplus-style jacket over a skirt and sandals. Josh has offered over $2,000,000,000 price of property and is a high realtor at some of the prestigious real property corporations in the United States. In current months, Lucky's has followed Jurgensen's example and begun offering home delivery service to customers. You will interact with a high-quantity of consumers in a quick-paced environment making certain that all of their grocery purchasing wants had been met. Million Dollar Listing follows the lives of three of Los Angeles' hottest, younger, and aggressive actual estate magnates as they make a fortune selling multi-million dollar properties in probably the most exclusive neighborhoods- Hollywood, Malibu and Beverly Hills.

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mycryptosuite · 1 year

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Lucky Tuesday Predictions For Today 22/11/2022

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juditmiltz · 7 years

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Where did Miami’s real estate players ride out Hurricane Irma?

Hurricane Irma over Miami, and from left, Kobi Karp, Jorge Perez and Gil Dezer

Most of Miami’s real estate players hightailed it out of town amid mandatory evacuations, joining the mass exodus of millions of local residents.

South Florida developers, architects and brokers are now just trickling back, after scattering to places like New York City, Los Angeles, Montreal and Buenos Aires. Some even stayed behind to weather the storm.

Miami architect Kobi Karp left for New York City, flying back to Miami on a 6 a.m. American Airlines flight on Tuesday — one of the first planes to arrive at Miami International Airport. In the meantime, he arranged for his Biscayne Boulevard office to be back up and running with a generator and air conditioning.

“We’re pretty well cultured in hurricanes and tropical storms, at this point, and we try not to have any downtime,” Karp said. By Thursday, most of his staff of 85 was back in the office.

In fact, Karp said he is strong believer in generators: his North Bay Road home in Miami Beach remains without power, but a generator is keeping it cool.

Developer Gil Dezer had planned to stay at his oceanfront Sunny Isles Beach condo, but got a call Friday night from a friend who had two seats available on his private jet. So Dezer said he jumped on the plane to New York City, where he keeps an apartment.

“When I saw the mayor on TV, he kind of scared me a little bit, to be honest with you,” said Dezer, president of Dezer Development. “[Mayor Carlos Gimenez] said ‘If you live anywhere on the water, evacuate, there will be 15 feet of water.’ So I thought it’s time to go.” He got back to Miami Wednesday night.

Jorge Pérez, chairman and CEO of the Miami-based Related Group, also left for New York City, and just returned, according to a spokesperson. Carlos Rosso, president of Related’s condominium development division, went to his native Buenos Aires, and is still there, the spokesperson said.

Architect Markus Frankel, of Frankel Benayoun Architects, left his waterfront Bay Harbor Islands condo for Los Angeles, because flights to all other cities in the Southeast, as well as to Chicago, were already booked.

“We understood Irma to be a devastating Category 5 — the likes never seen in South Florida,” Frankel said. “But thank God we all got lucky in South Florida — except for the Lower Keys.” He arrived back in Miami late Tuesday night. The generator at the building kept the place cool for his return.

Developer Masoud Shojaee, chairman and president of Shoma Group, spent Hurricane Irma in Montreal, where he has a home. He had traveled there on his corporate jet before the hurricane, and had planned to return to Miami last week, but decided to stay once he saw Irma headed to South Florida.

Danny Hertzberg, of Coldwell Banker’s the Jills, said his whole family drove to Orlando, and when the storm turned north, they caught a flight to New York. He returned to Orlando on Thursday and planned to drive back to Miami at night. His mother, Jill Hertzberg, of the Jills, intends to fly home from New York, also late Thursday.

Some real estate players actually opted to stay put in South Florida, like Miami Real Estate Group broker Andres Asion, who stayed in his Murano at Portofino condo in South Beach, where the hurricane impact glass windows were “shaking big time.”

And Nir Shoshani, co-founder and principal of NR Investments, rode out the storm at his home in Hollywood.

“We went through a scary 36-hour ordeal, just like everybody else,” Shoshani said. “We lost TV and we lost Internet, so we had no idea where the storm was headed, where it was going. From Saturday evening until today [Thursday], we are completely disconnected.”

Yet for one real estate player who remained out of town, Hurricane Irma brought a welcome surprise.

Shahab Karmely, founder and principal of KAR Properties, lives in New York, and spent Hurricane Irma at his home in East Hampton in the Hamptons.

“Because of Irma we happened to have four days of outstanding surf — the best surfing conditions in five or six years in Montauk,” said Karmely, who surfs every weekend in the summer. “Beautiful, clean waves, coming in day after day.”

Francisco Alvarado contributed reporting.

from The Real Deal Miami https://therealdeal.com/miami/2017/09/14/where-did-miamis-real-estate-players-ride-out-hurricane-irma/ via IFTTT

#The Real Deal Miami

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