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The Inspection Panel is completing 25 years in its role, as an accountability mechanism of the World Bank. As you are aware, the Bank’s failure to comply with its operating policies was seen by the entire world in the Bank’s financing with the Sardar Sarovar Dam project on River Narmada. The tenacity of massive grass-roots uprisings from our communities in the 80’s and the sustained hard work of our social movements along with our resoluteness to link it with international coalitions to question the hegemony of the Bank, subsequently led the Bank, for the first time, to commission an independent review of its project. The Independent Review Committee (Morse Committee) constituted by the Bank in 1991 to review the social and environmental costs and benefits of the dam, after years of consistent struggle by Narmada Bachao Andolan (Save Narmada Movement) and its allies led to a demand from the civil society around the globe for the creation of a grievance redressal system for project-affected communities, which ultimately pressurized the Bank to constitute the Inspection Panel in 1993. We expected this might be a crucial backstop and an opportunity for us to raise our issues of livelihoods, economic loss, displacement from our lands, alienation from natural resources, destruction of environment and threat to our biodiversity and cultural hotspots, where Bank invested in large, supposedly ‘development’ projects like mega dams, energy and other infrastructure projects. Yet, the outcome we expected rarely delivered sufficient remedy for the harm and losses people have experienced over the years.
A number of accountability mechanisms over the next couple of decades in several development finance institutions were formed following the model of World Bank, commonly known as ‘Independent Accountability Mechanisms’[IAMs]. Each year the number of complaints rise which is an indication of the increasing number of grievous projects happening around the world. While IAMs of most MDBs are advertised to provide strong and just processes, many of our experiences imply that the banks are accommodating practices which suit their own needs and their clients, which are borrowing countries and agencies, and not the people for whom the IAMs were built to serve.
Many a time, we have been disappointed by these mechanisms, since these are designed by the banks who are lending for disastrous projects in our lands. And as a result, the already existing narrow mandate of IAMs is further restricted.
In our efforts to hold the lending bank accountable, the communities are always presented with the arduous process of learning the complex formalities and detailed procedures to initially approach the IAMs and get our grievances registered. Our many years’ time and energy then is channelised into seeing through the various cycles of these complaint handling mechanisms, that our entire efforts go into this process, and often our complaint gets dropped off in midst of the procedural rules of the IAMs. People are made to wait many months to clear procedural levels and our cases with the IAMs get highly unpredictable. Further, we face intimidation and reprisals from the state and project agencies for having contacted the IAMs who themselves do not possess any authority to address the violations hurled out to us when we seek dignity, fair treatment and justice from them. There are many of us who feel a loss of morale after long years of struggling with lenders when we fail to see concrete benefits or changes in our circumstances, by which time considerable irreplaceable harm is already done to our lives, environment and livelihoods.
In this manner, our immediate and larger goal of holding banks for their failure to consult with and obtain consent from communities before devising action plans for our lands, water and forests is deflected in the pretext of problem-solving and grievance hearing offered to us in the name of IAMs.
With over 50 registered complaints sent to different IAMS from India in the past 25 years, many more left unregistered due to technical reasons and only a few got investigated, assessed and monitored at different levels, we have a baggage of mixed experiences with the IAMs. A few of the prominent cases from India apart from Narmada project are Vishnugad Pipalkoti Hydro Electric Project [WB’s IP], Tata Mega Ultra-01/Mundra and Anjar [IFC’s CAO & ADB’s CRP], India Infrastructure Fund-01/Dhenkanal District [IFC’s CAO], Allain Duhangan Hydro Power Limited-01/Himachal Pradesh [IFC’s CAO] and Mumbai Urban Transport Project (2009) [WB’s IP].
As we now know, what is being witnessed recently is an influx of approved and proposed investments majorly in energy, transport, steel, roads, urban projects, bullet trains, industrial zones/corridors, smart cities, water privatization and other mega projects in India. This has been financed from different multilateral and bilateral sources, foreign corporations, private banks as well as Export-Import Banks (ExIm Banks). It has become a brutal challenge for communities, social movements and CSOs, with lenders and governments constantly shutting their eyes and ears to us who demand accountability for their actions. A compelling and timely need has arisen among diverse groups amongst us to gather together and critically analyze the various trajectories of our engagements with accountability mechanisms of MDBs in order to bring together past 25 years’ learning, insights and reflections of various actors of this accountability process. This urging demand is also an attempt to define the collective experiences in India among our social movements, projected-affected communities and CSOs with IAMs and lending banks, especially appropriating the global political opportunity of Inspection Panel celebrating its 25 years this year.
Speakers:
Thomas Franco, Former General Secretary, AlI India Bank Officers’ Confederation
Arun Kumar, Eminent scholar, Former Professor Jawaharlal Nehru University
C.P. Chandrashekar, Economist, Professor Centre for Economic Studies and Planning, Jawaharlal Nehru University
Sucheta Dalal, Managing Editor, Moneylife
Soumya Dutta, National Convener, Bharat Jan Vigyan Jatha
Dunu Roy, Hazards Center, New Delhi
Medha Patkar, Senior Activist, Narmada Bachao Andolan
Tani Alex, Centre for Financial Accountability
M J Vijayan, Activist and Political commentator
Joe Athialy, Centre for Financial Accountability
Anirudha Nagar, Accountability Counsel
Madhuresh Kumar, National Alliance of People’s Movements
A J Vijayan, Chairperson, Western Ghats and Coastal area Protection Forum
Meera Sanghamitra, National Aliance of People’s Movements
Vimal bhai, Matu Jan Sangathan, Uttarakhand
Daniel Adler, Senior Specialist, Compliance Advisor Ombudsman
Joe Athialy, Centre for Financial Accountability
Birgit Kuba, Operations Officer, Inspection Panel
Anuradha Munshi, Centre for Financial Accountability
Bharat Patel, General Secretary, Machimar Adhikar Sangharsh Sangathan,Gujarat
Awadhesh Kumar, Srijan Lokhit Samiti
Amulya Kumar Nayak, Odisha Chas Parivesh Surekhsa Parishad, Odisha
Dr. Usha Ramanathan, Legal Scholar
Manshi Asher, Himdhara Environment Research and Action Collective, Himachal Pradesh
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I get a lot of questions here, so if you have one, please ask at the blog! Thanks!
Swatch Women's Pro in Trestles San Clemente with pro surfers /models Alana Blanhard, Lakey Peterson, Laura Enever, Sally Fitzgibbons, Coco Ho, Stephanie Gilmore, newcomer Nikki Van Dijk, and more!
The new Nikon D810 rocks for sports photography! New Instagram!
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I shot in DX mode which crops away the extra pixels and takes me 1.5X closer while allowing for up to 7 FPS with the Nikon D810's Nikon MB-D12 Battery Grip using the 8 AA battery option! 8 Duracels took me through around 3,000 shots no problem--maybe more! I was shooting at the equivalent of 900mm with the 1.5x crop factor! Pretty close! Had I gone with the Nikon D4s, I would have gotten 12 fps, but no DX crop factor, as the sensor has only around 14mp, compared to the d810's 36 megapixels! Sure the larger pixel size on the Nikon D4s full frame sensor comes in handy indoors or at night, but in the bright sun, there's more than enough light for the smaller pixels in crop mode! Sure we lose some pixels from the outer edges when shooting in DX crop mode, but most of those pixels would be cropped away in lightroom anyway. And the smaller files make the memory cards last longer, while also upping the FPS to 7 shots per second! Not quite 12 FPS, but still awesome and enough I felt!
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Tamron SP 150-600mm F/5-6.3 Di VC USD Autofocus lens for Nikon AF-D Cameras.
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The exploitation rights for this text are the property of the Vienna Tourist Board. This text may be reprinted free of charge until further notice, even partially and in edited form. Forward sample copy to: Vienna Tourist Board, Media Management, Invalidenstraße 6, 1030 Vienna; media.rel@wien.info. All information in this text without guarantee.
Author: Andreas Nierhaus, Curator of Architecture/Wien Museum
Last updated January 2014
Architecture in Vienna
Vienna's 2,000-year history is present in a unique density in the cityscape. The layout of the center dates back to the Roman city and medieval road network. Romanesque and Gothic churches characterize the streets and squares as well as palaces and mansions of the baroque city of residence. The ring road is an expression of the modern city of the 19th century, in the 20th century extensive housing developments set accents in the outer districts. Currently, large-scale urban development measures are implemented; distinctive buildings of international star architects complement the silhouette of the city.
Due to its function as residence of the emperor and European power center, Vienna for centuries stood in the focus of international attention, but it was well aware of that too. As a result, developed an outstanding building culture, and still today on a worldwide scale only a few cities can come up with a comparable density of high-quality architecture. For several years now, Vienna has increased its efforts to connect with its historical highlights and is drawing attention to itself with some spectacular new buildings. The fastest growing city in the German-speaking world today most of all in residential construction is setting standards. Constants of the Viennese architecture are respect for existing structures, the palpability of historical layers and the dialogue between old and new.
Culmination of medieval architecture: the Stephansdom
The oldest architectural landmark of the city is St. Stephen's Cathedral. Under the rule of the Habsburgs, defining the face of the city from the late 13th century until 1918 in a decisive way, the cathedral was upgraded into the sacral monument of the political ambitions of the ruling house. The 1433 completed, 137 meters high southern tower, by the Viennese people affectionately named "Steffl", is a masterpiece of late Gothic architecture in Europe. For decades he was the tallest stone structure in Europe, until today he is the undisputed center of the city.
The baroque residence
Vienna's ascension into the ranks of the great European capitals began in Baroque. Among the most important architects are Johann Bernhard Fischer von Erlach and Johann Lucas von Hildebrandt. Outside the city walls arose a chain of summer palaces, including the garden Palais Schwarzenberg (1697-1704) as well as the Upper and Lower Belvedere of Prince Eugene of Savoy (1714-22). Among the most important city palaces are the Winter Palace of Prince Eugene (1695-1724, now a branch of the Belvedere) and the Palais Daun-Kinsky (auction house in Kinsky 1713-19). The emperor himself the Hofburg had complemented by buildings such as the Imperial Library (1722-26) and the Winter Riding School (1729-34). More important, however, for the Habsburgs was the foundation of churches and monasteries. Thus arose before the city walls Fischer von Erlach's Karlskirche (1714-39), which with its formal and thematic complex show façade belongs to the major works of European Baroque. In colored interior rooms like that of St. Peter's Church (1701-22), the contemporary efforts for the synthesis of architecture, painting and sculpture becomes visible.
Upgrading into metropolis: the ring road time (Ringstraßenzeit)
Since the Baroque, reflections on extension of the hopelessly overcrowed city were made, but only Emperor Franz Joseph ordered in 1857 the demolition of the fortifications and the connection of the inner city with the suburbs. 1865, the Ring Road was opened. It is as the most important boulevard of Europe an architectural and in terms of urban development achievement of the highest rank. The original building structure is almost completely preserved and thus conveys the authentic image of a metropolis of the 19th century. The public representational buildings speak, reflecting accurately the historicism, by their style: The Greek Antique forms of Theophil Hansen's Parliament (1871-83) stood for democracy, the Renaissance of the by Heinrich Ferstel built University (1873-84) for the flourishing of humanism, the Gothic of the Town Hall (1872-83) by Friedrich Schmidt for the medieval civic pride.
Dominating remained the buildings of the imperial family: Eduard van der Nüll's and August Sicardsburg's Opera House (1863-69), Gottfried Semper's and Carl Hasenauer's Burgtheater (1874-88), their Museum of Art History and Museum of Natural History (1871-91) and the Neue (New) Hofburg (1881-1918 ). At the same time the ring road was the preferred residential area of mostly Jewish haute bourgeoisie. With luxurious palaces the families Ephrussi, Epstein or Todesco made it clear that they had taken over the cultural leadership role in Viennese society. In the framework of the World Exhibition of 1873, the new Vienna presented itself an international audience. At the ring road many hotels were opened, among them the Hotel Imperial and today's Palais Hansen Kempinski.
Laboratory of modernity: Vienna around 1900
Otto Wagner's Postal Savings Bank (1903-06) was one of the last buildings in the Ring road area Otto Wagner's Postal Savings Bank (1903-06), which with it façade, liberated of ornament, and only decorated with "functional" aluminum buttons and the glass banking hall now is one of the icons of modern architecture. Like no other stood Otto Wagner for the dawn into the 20th century: His Metropolitan Railway buildings made the public transport of the city a topic of architecture, the church of the Psychiatric hospital at Steinhofgründe (1904-07) is considered the first modern church.
With his consistent focus on the function of a building ("Something impractical can not be beautiful"), Wagner marked a whole generation of architects and made Vienna the laboratory of modernity: in addition to Joseph Maria Olbrich, the builder of the Secession (1897-98) and Josef Hoffmann, the architect of the at the western outskirts located Purkersdorf Sanatorium (1904) and founder of the Vienna Workshop (Wiener Werkstätte, 1903) is mainly to mention Adolf Loos, with the Loos House at the square Michaelerplatz (1909-11) making architectural history. The extravagant marble cladding of the business zone stands in maximal contrast, derived from the building function, to the unadorned facade above, whereby its "nudity" became even more obvious - a provocation, as well as his culture-critical texts ("Ornament and Crime"), with which he had greatest impact on the architecture of the 20th century. Public contracts Loos remained denied. His major works therefore include villas, apartment facilities and premises as the still in original state preserved Tailor salon Knize at Graben (1910-13) and the restored Loos Bar (1908-09) near the Kärntner Straße (passageway Kärntner Durchgang).
Between the Wars: International Modern Age and social housing
After the collapse of the monarchy in 1918, Vienna became capital of the newly formed small country of Austria. In the heart of the city, the architects Theiss & Jaksch built 1931-32 the first skyscraper in Vienna as an exclusive residential address (Herrengasse - alley 6-8). To combat the housing shortage for the general population, the social democratic city government in a globally unique building program within a few years 60,000 apartments in hundreds of apartment buildings throughout the city area had built, including the famous Karl Marx-Hof by Karl Ehn (1925-30). An alternative to the multi-storey buildings with the 1932 opened International Werkbundsiedlung was presented, which was attended by 31 architects from Austria, Germany, France, Holland and the USA and showed models for affordable housing in greenfield areas. With buildings of Adolf Loos, André Lurçat, Richard Neutra, Gerrit Rietveld, the Werkbundsiedlung, which currently is being restored at great expense, is one of the most important documents of modern architecture in Austria.
Modernism was also expressed in significant Villa buildings: The House Beer (1929-31) by Josef Frank exemplifies the refined Wiener living culture of the interwar period, while the house Stonborough-Wittgenstein (1926-28, today Bulgarian Cultural Institute), built by the philosopher Ludwig Wittgenstein together with the architect Paul Engelmann for his sister Margarete, by its aesthetic radicalism and mathematical rigor represents a special case within contemporary architecture.
Expulsion, war and reconstruction
After the "Anschluss (Annexation)" to the German Reich in 1938, numerous Jewish builders, architects (female and male ones), who had been largely responsible for the high level of Viennese architecture, have been expelled from Austria. During the Nazi era, Vienna remained largely unaffected by structural transformations, apart from the six flak towers built for air defense of Friedrich Tamms (1942-45), made of solid reinforced concrete which today are present as memorials in the cityscape.
The years after the end of World War II were characterized by the reconstruction of the by bombs heavily damaged city. The architecture of those times was marked by aesthetic pragmatism, but also by the attempt to connect with the period before 1938 and pick up on current international trends. Among the most important buildings of the 1950s are Roland Rainer's City Hall (1952-58), the by Oswald Haerdtl erected Wien Museum at Karlsplatz (1954-59) and the 21er Haus of Karl Schwanzer (1958-62).
The youngsters come
Since the 1960s, a young generation was looking for alternatives to the moderate modernism of the reconstruction years. With visionary designs, conceptual, experimental and above all temporary architectures, interventions and installations, Raimund Abraham, Günther Domenig, Eilfried Huth, Hans Hollein, Walter Pichler and the groups Coop Himmelb(l)au, Haus-Rucker-Co and Missing Link rapidly got international attention. Although for the time being it was more designed than built, was the influence on the postmodern and deconstructivist trends of the 1970s and 1980s also outside Austria great. Hollein's futuristic "Retti" candle shop at Charcoal Market/Kohlmarkt (1964-65) and Domenig's biomorphic building of the Central Savings Bank in Favoriten (10th district of Vienna - 1975-79) are among the earliest examples, later Hollein's Haas-Haus (1985-90), the loft conversion Falkestraße (1987/88) by Coop Himmelb(l)au or Domenig's T Center (2002-04) were added. Especially Domenig, Hollein, Coop Himmelb(l)au and the architects Ortner & Ortner (ancient members of Haus-Rucker-Co) by orders from abroad the new Austrian and Viennese architecture made a fixed international concept.
MuseumQuarter and Gasometer
Since the 1980s, the focus of building in Vienna lies on the compaction of the historic urban fabric that now as urban habitat of high quality no longer is put in question. Among the internationally best known projects is the by Ortner & Ortner planned MuseumsQuartier in the former imperial stables (competition 1987, 1998-2001), which with institutions such as the MUMOK - Museum of Modern Art Foundation Ludwig, the Leopold Museum, the Kunsthalle Wien, the Architecture Center Vienna and the Zoom Children's Museum on a wordwide scale is under the largest cultural complexes. After controversies in the planning phase, here an architectural compromise between old and new has been achieved at the end, whose success as an urban stage with four million visitors (2012) is overwhelming.
The dialogue between old and new, which has to stand on the agenda of building culture of a city that is so strongly influenced by history, also features the reconstruction of the Gasometer in Simmering by Coop Himmelb(l)au, Wilhelm Holzbauer, Jean Nouvel and Manfred Wehdorn (1999-2001). Here was not only created new housing, but also a historical industrial monument reinterpreted into a signal in the urban development area.
New Neighborhood
In recent years, the major railway stations and their surroundings moved into the focus of planning. Here not only necessary infrastructural measures were taken, but at the same time opened up spacious inner-city residential areas and business districts. Among the prestigious projects are included the construction of the new Vienna Central Station, started in 2010 with the surrounding office towers of the Quartier Belvedere and the residential and school buildings of the Midsummer quarter (Sonnwendviertel). Europe's largest wooden tower invites here for a spectacular view to the construction site and the entire city. On the site of the former North Station are currently being built 10,000 homes and 20,000 jobs, on that of the Aspangbahn station is being built at Europe's greatest Passive House settlement "Euro Gate", the area of the North Western Railway Station is expected to be developed from 2020 for living and working. The largest currently under construction residential project but can be found in the north-eastern outskirts, where in Seaside Town Aspern till 2028 living and working space for 40,000 people will be created.
In one of the "green lungs" of Vienna, the Prater, 2013, the WU campus was opened for the largest University of Economics of Europe. Around the central square spectacular buildings of an international architect team from Great Britain, Japan, Spain and Austria are gathered that seem to lead a sometimes very loud conversation about the status quo of contemporary architecture (Hitoshi Abe, BUSarchitektur, Peter Cook, Zaha Hadid, NO MAD Arquitectos, Carme Pinós).
Flying high
International is also the number of architects who have inscribed themselves in the last few years with high-rise buildings in the skyline of Vienna and make St. Stephen's a not always unproblematic competition. Visible from afar is Massimiliano Fuksas' 138 and 127 meters high elegant Twin Tower at Wienerberg (1999-2001). The monolithic, 75-meter-high tower of the Hotel Sofitel at the Danube Canal by Jean Nouvel (2007-10), on the other hand, reacts to the particular urban situation and stages in its top floor new perspectives to the historical center on the other side.
Also at the water stands Dominique Perrault's DC Tower (2010-13) in the Danube City - those high-rise city, in which since the start of construction in 1996, the expansion of the city north of the Danube is condensed symbolically. Even in this environment, the slim and at the same time striking vertically folded tower of Perrault is beyond all known dimensions; from its Sky Bar, from spring 2014 on you are able to enjoy the highest view of Vienna. With 250 meters, the tower is the tallest building of Austria and almost twice as high as the St. Stephen's Cathedral. Vienna, thus, has acquired a new architectural landmark which cannot be overlooked - whether it also has the potential to become a landmark of the new Vienna, only time will tell. The architectural history of Vienna, where European history is presence and new buildings enter into an exciting and not always conflict-free dialogue with a great and outstanding architectural heritage, in any case has yet to offer exciting chapters.
Info: The folder "Architecture: From Art Nouveau to the Presence" is available at the Vienna Tourist Board and can be downloaded on www.wien.info/media/files/guide-architecture-in-wien.pdf.
One of the largest and most obvious opponent of the barrier that separates Israel from Palestine is the one pictured here.
Artists tagged on it the US logo that is onto items from the United States Agency for International Development, a government organization with a goal of administering civilian foreign aid -- there is also a "Made in the USA" marking as well as the slogan, "Question your leaders" found above the logo.
The graffiti shows the walls' opponents how they feel about the US getting involved and actually funding a majority of the barrier.
Below the logo, in red, white and blue is that the US is "Partners with Israel in ethnic cleansing/apartheid in Palestine." Very strong words indeed.
Photo Courtesy of the "Peace Plus One - World Sustainability Project"
and McMaster Institute for Sustainable Development in Commerce
SUBJECT:
北京能源网络 Beijing Energy Network
in partnership with the
Massachusetts Institute of Technology
presents
北耳 Beijing Energy & Environment Roundtable (BEER)
featuring
» Chivas Lam, Venture Partner, Qiming Venture Partners
» Mark Levine, Group Leader, China Energy Group, Lawrence Berkeley National Labs
» Sebastian Meyer, Director of Research & Advisory, Azure International
» Edward Steinfeld, Professor of Political Economy, Massachusetts Institute of Technology
发展未来能源技术：中美合作是答案吗？Developing Energy Technologies for the Future: Are U.S.-China Partnerships the Answer?
5:00pm - 6:15pm: Cocktail Session
6:15pm - 7:30pm: Panel Discussion
** About the Talk (报告内容) **
In the 20th century, we understood energy technology development to be something that took place within the confines of single national economies. The development phases were long, the capital requirements intense, and the levels of uncertainty and risk extremely high. When energy technologies found their way across borders, if they did at all, they did so as mature systems, ones that could be "transferred" from one place to another. Today, an entirely new pattern seems to be afoot. Overseas innovators are teaming with Chinese partners to co-develop energy technologies. Upstream innovations -- often pioneered in Europe, the U.S., and Japan -- are being translated into commercially-viable systems on Chinese soil and in conjunction with Chinese corporate partners and Chinese financing. Yet, as this process surges forward -- both because of the demand for such technologies in China, and the availability of Chinese financing -- significant questions remain. At the commercial level, which technologies are most suited for cross-border development, and which are not? Once financing is secured and cross-border partnerships are established, what is required to make joint technology development actually work? How should the process be organized, and by whom? At the policy level, to what extent can governments be relied upon over the long run to support co-development efforts? What are the risks of protectionist backlash? Under what circumstances might public financing be withdrawn? How do political risks differ across various types of energy technology? This panel will take an "inside-out" look at cross-border technology co-development, starting from the perspective of the commercial players themselves -- the most active drivers of the process -- and then drawing the broader ramifications for public policy and national interest.
** About the Speakers (报告人简历) **
Chivas Lam is a Venture Partner of Qiming Ventures focusing on the Cleantech Sector. Chivas brings over 25 years of operational experience in the General Industrial Manufacturing and Energy Sector. Prior to joining Qiming, Chivas was the President Asia Pacific of the Morgan Crucible Company. He successfully led reengineering and integration of multiple business units and was instrumental to operational enhancement and profit growth. Prior to Morgan Crucible, Chivas held various Senior Positions with GEC Alstom in Project Management and Business Development in China and Australia. Chivas started his career with Hong Kong Electric Company Limited.
Mark Levine is the Group Leader of the China Energy Group at Lawrence Berkeley National Laboratory (LBNL). Previously, he was director of the LBNL's Environmental Division, which is a leader in research on buildings energy efficiency, indoor air quality, and various clean energy technologies. His major passion in the past two decades has involved analyzing and promoting energy efficiency in China. Dr. Levine is a board member of five leading non-profits in the United States (American Council for an Energy Efficient Economy, Center for Clean Air Policy, Center for Resource Solutions, the US-China Green Energy Council, and California Clean Energy Fund, an innovative green venture capital fund) and one in Asia. He has also founded or co-founded two successful non-profits, including the acclaimed Beijing Energy Efficiency Center. Dr. Levine graduated summa cum laude from Princeton University, earned a PhD from the University of California.
Sebastian Meyer has covered the wind industry in China since 2004, and has built up a successful research and advisory practice focused on the alternative energy space. Sebastian came to China from London, where he specialized in due diligence supporting project finance and M&A transactions related to alternative energy. He also worked in the transition economies of Europe through the 90’s heading the Warsaw equity research team and covering industrial manufacturers and privatization programs for Creditanstalt Investmentbank - the leading western investment bank focused on the region at the time. Sebastian’s career spans debt and equity financing, project finance, equity research and valuation, mergers & acquisitions, and management consulting within the context of alternative energy and transition economies.
Edward Steinfeld is a professor of political economy in the MIT Department of Political Science and co-director of the China Energy Group in the MIT Industrial Performance Center. Steinfeld received his BA, MA, and PhD in political science from Harvard University. In addition to a variety of academic articles, Steinfeld is the author of Playing Our Game: Why China's Rise Doesn't Threaten the West and Forging Reform in China: The Fate of State-Owned Industry. Steinfeld is the author of numerous articles in both academic and non-academic journals, including Comparative Politics, Political Studies, World Development, The Far Eastern Economic Review, The Washington Post, The Wall Street Journal, and The South China Morning Post. Steinfeld is a member of the board of directors of the National Committee on US-China Relations, as well as a member of the academic committee of the Center for Industrial Development and Environmental Governance at Tsinghua University.
** About BEN & BEER (北京能源网路和北耳简介) **
The Beijing Energy Network (BEN) is a grassroots organization with a mission of promoting knowledge sharing, networking, and collaboration in understanding and tackling China’s energy and environmental challenges among individuals and organizations from diverse sectors such as government, finance, industry, media, advocacy, think tanks and academia. Our membership currently stands at over 1,900 strong.
The flagship activity of BEN is the Beijing Energy & Environmental Roundtable (BEER), an approximately twice-monthly happy hour/speaker series. BEER events are free and open to all with no RSVP necessary. We hope you will come early, stay late, listen and ask questions, catch up with old friends and make new ones.
Please note, we ask that our speaker's remarks remain off the record unless they otherwise grant permission. A listing of our past events can be found here.
If you would like to learn more, receive email updates from BEN, have a suggestion for an event, or are interested in possibly being a speaker yourself, please sign up to our Google Group, or if you can't access that link from China, send an email to beijing-energy-network+owner@googlegroups.com.
The double jeopardy of albino people in addition to their poor health, they must face the prejudices of society. In Cameroon, libel, insults and abuse may be their daily and children are more vulnerable!
An Association - VEAC - helps them for a better integration in society:
www.veac-cm.com/veac/index.php
Photograph © Xavier Hinnekint
NASA astronauts Joe Acaba, left, and Mark Vande Hei, right, answer questions from the audience after speaking about their time onboard the International Space Station, Friday, June 15, 2018 at NASA Headquarters in Washington. Acaba and Vande Hei answered questions from the audience and spoke about their experiences aboard the International Space Station for 168 days as part of Expedition 53 and 54. Photo Credit: (NASA/Joel Kowsky)
Oesterreichische Nationalbank
Logo of the Austrian National Bank
Headquarters Vienna, Austria
Central Bank of Austria
Currency€
To ISO 4217 EUR
website
Previous Austro- Hungarian Bank
List of Central Banks
Oesterreichische Nationalbank, at Otto-Wagner -Platz No. 3, Vienna
The Austrian National Bank (OeNB), Austria's central bank as an integral part of the European System of Central Banks (ESCB) and the Eurosystem. It is instrumental in the design of the economic development in Austria and in the euro area. Legally, the OeNB is a public limited company.. However, it is also subject to further enshrined in the National Bank Act regulations resulting from its separate position as a central bank. In the framework of the Eurosystem, the OeNB contributes to a stability-oriented monetary policy. At the national level, it cares about the preservation of financial stability and the money supply and manage foreign exchange reserves to hedge against the euro in times of crisis. The guideline values in terms of the tasks of the Austrian National Bank are "security, stability and trust".
Contents
1 History
1.1 1816 to 1818
1.2 1818 to 1878
1.3 1878 to 1922
1.4 1922 to 1938
1.5 1938 to 1945
1.6 1945 to 1998
1.7 From 1999
2 The OeNB as a modern central bank
3 Legal form and organs
3.1 Legal framework
3.2 organs
3.2.1 General
3.2.2 General
3.2.3 Board of Directors
4 Tasks
4.1 Monetary policy strategies and monetary policy decision-making process
4.1.1 Economic analysis
4.1.2 Production of statistical information
4.1.3 Contribute to international organizations
4.2 Implementation of monetary policy
4.2.1 use of monetary policy instruments
4.2.2 Reserve Management
4.2.3 Money Supply
4.3 Communication of monetary policy
4.4 ensure financial stability
4.4.1 Financial Stability
4.4.2 Payment System Stability and payments
5 The OeNB in the European System of National Banks
6 President / Governors
7 See also
8 Literature
9 links
10 Notes and references
History
1816-1818
As long as 50 years before the founding of the National Bank the Habsburgs carried out first experiments with securities in the form of paper money. Finally, in the 18th Century the issue of banknotes transferred to a state independent institution, while the issue of paper money called "Banco notes," founded in 1705 by the "Vienna City Bank" took place in 1762.
In wartime governance took back control of the money issue, so there was an inflation of Banco-Zettel 1796-1810. The state ordered the forced acceptance of paper money in private transport, which led to a fast-growing discount on bills in the market. 1799 was therefore one for 100 guilders paper money only 92 guilders in silver coins, and at the end of 1810 the value of the paper florin had fallen to 15 % of the nominal value of the Banco-Zettel. Later, the Habsburgs declared a devaluation of the Banco-Zettel in the ratio of 5:1. This act was considered by the business community as a sovereign default, which the paper money experienced a rapid devaluation.
At the end of the Napoleonic wars the Habsburg multinational state ( → Habsburg Monarchy) faced a new challenge: the restoration of a European balance. Church, the nobility, the army and the bureaucracy as elements in the Ancien Régime were not sufficient to solve this problem, a well -founded economic situation was needed. Moreover, one could not ignore readily the laws of supply and demand.
In this regard, were the first June 1816 by Emperor Francis I two patents issued (later to distinguish the "main patent" or "bank patent"), the "privileged Austrian National Bank", conceived as a public company, had to constitute itself as soon a possible, propose the emperor three of its directors for selection of the governor and take up their activity provisionally on 1 July 1816.
The National Bank had henceforth a monopoly on the issuance of paper money, which led to a slowdown in the Austrian monetary system and an increase in the value of paper money. The economy was again a solid source of money keeping constant the value of money regardless of the spending plans of the State. The equity of the Bank justified this by share issues.
Initially comprised the activities of the bank - under temporary management - the redemption of paper money and the issuance of shares. The full effectiveness attained the National Bank until after the issue of 1,000 shares and the associated possibility of shareholders to set the management themselves.
1818-1878
On 15 July 1817 recieved the National Bank as the "first Bankprivilegium" the exclusive right to unrestricted issue of banknotes and in this context a special position in terms of Rediskontgeschäfts (rediscount business). Beginning of 1818 the definitive bank management was ready. Part of it were among leading figures of Viennese society, including the banker Johann Heinrich von Geymüller and Bernard of Eskeles. From 1830 to 1837 the Office of the Governor was held by Adrian Nicholas Baron Barbier.
In the countries of the Habsburg Monarchy, which were characterized in large part by an agricultural oriented activity pattern, some regions showed a lively commercial-industrial growth. The goal now was to create a system of economic exchange between these areas. Successively established the National Bank branch network and thus guaranteed a uniform money and credit supply. From its headquarters in Vienna this network extended over early industrial areas and commercial centers in Eastern and Central Europe to the northern Mediterranean.
Trade bills and coins were preferred assets of the National Bank, less the supply of money to the state. With the exchange transactions, the National Bank supported the economic growth of the monarchy and secured at the same time the supply of silver coins in the event that the need for these increases in exchange for bank notes, contrary to expectations. 1818 was the National Bank, however, by increasing public debt, due to high spending in times of crisis, not spared to make an increase in the government debt positions on the asset side of its balance sheet.
The patent provisions of the founding of the National Bank not sufficiently secured against the autonomy of governance. At the center of the struggle for independence, this was the question of the extent to which the issue of banknotes must be made on the basis of government bonds. In 1841, a renewal of Bankprivilegiums got a weakening of the independence by pushing back the influence of the shareholders in favor of the state administration. During the revolution of 1848/49 followers of constitutional goals received great support from senior figures in the National Bank. For about a hundred years, the Austrian branch of the Rothschild bank (from which from 1855, the "Royal Privileged Austrian Credit-Institute for Commerce and Industry", the later Creditanstalt, was born) was playing a leading role in the banking center of Vienna. Salomon Mayer von Rothschild was involved during the pre-March in all major transactions of the National Bank for the rehabilitation of the state budget.
Special focus the National Bank was putting on the development of the premium that was payable at the exchange of banknotes into silver money in business dealings. The increase, which corresponded to a depreciation of the notes issued by the Bank should be prevented. From an overall state perspective, the increase of the silver premium means a deterioration in terms of the exchange ratio towards foreign countries, influencing the price competitiveness of the Austrian foreign trade adversely. The stabilization of the premium were set some limits. Although the height of the emission activitiy was depending on the Bank, but also the price of silver and the potential effects of increased government debt materially affected the silver premium. Especially the 1848 revolution and conflicts in the following years caused an increasement of the silver premium.
Mid-century, the private banking and wholesale houses were no longer able to cope with the rapidly growing financial intermediation of the Habsburg monarchy. New forms of capital formation were required. From an initiative of the House of Rothschild, the first by the government approved and private joint-stock bank was created. This formation was followed in 1863 and 1864 by two other joint-stock banks, whose major shareholders included important personalities of the aristocracy, who possessed large liquid funds. Overall, grew with these banks the money creation potential of the "financial center of Vienna".
The central bank faced another difficult task: with its limited resources it had to secure sufficient liquidity on the one hand and on the other hand prevent the inflationary expansion of the money supply. Through close contacts with the shareholders of Vienna was a financial center (informal) ballot, especially in times of crisis, easily dealt out. In contrast, it gave differences of opinion in the Fed Board, which required enforcement of decisions.
In 1861, Friedrich Schey Koromla became director of the National Bank. On 27 December 1862 experienced the Bankprivilegium another innovation. The independence of the National Bank of the State was restored and anchored. Furthermore, was introduced the direct allocation of banknotes in circulation by the system of "Peel'schen Bank Act", which states that the fixed budget of 200 million guilders exceeding circulation of banknotes must be covered by silver coins. In 1866, when the German war ended in defeat for Austria, the compliance of the system was no longer met. The state felt itself forced to pay compensation for breach of privilege. This balance was supported by a law of 1872, after the National Bank may issue notes up to a maximum of 200 million guilders and each additional payment must be fully backed by gold or silver.
1873 the economic boom of the Habsburg monarchy was represented in a long-lasting rise in the share price. A now to be expecting break could by the behavior of the Vienna Stock not be intercepted, so it came to the "Great Crash of 1873". The in 1872 fixed restrictions of the circulation of notes for a short time have been suspended. Contrary to expectations, the money supply in crisis peak but only outgrew by nearly 1% the prescribed limit in the bank acts. The banks and the industrial and commercial companies survived the crash without major losses, although the share prices significantly lay below the initial level.
The years with high growth were followed by a period of stagnation.
1878-1922
As part of the compensation negotiations between Austria and Hungary in 1867, the National Bank was able to exercise fully their Privilegialrechte, the Kingdom of Hungary but now had the certified right, every ten years exercisable, to found an own central bank (bank note). As resulted from the first 10 -year period that furthermore none of the two parts of the monarchy wanted to build an independent money-issuing bank (Zettelbank), was built on 28 June 1878, initially to 31 December 1887 limited, an Austro-Hungarian Bank, and equipped with the Fed privilege. The first privilege of the new bank was a compromise in which on the one hand, regulations on liability for national debts as well as regulations limiting the influence of the government on banking businesses were included. 1878 Gustav Leonhardt was Secretary of the Bank.
The General Assembly and the General Council formed the unit of the bank management. Two directorates and major institutions - in Vienna and Budapest - represented the dual nature of the bank. 1892-1900 followed a long discussion finally the currency conversion from guilders (silver currency) to the crown (gold standard) with "Gold Crown" said coins.
Since the new banknotes were very popular in the public, now many gold coins piled up in the vaults of the Austro-Hungarian Bank. This period was characterized by a balanced combination of price growth and damping, the "per capita national product" grew while prices remained mostly stable. Against this background, it was easy for the Fed to encourage a new wave of industrialization.
With a third privilege in 1899 conditions were established under which the bank could be put into the financial services of the two countries, on the other hand there have been important innovations that paved a good exchange policy. By 1914, the exchange ratio of the Austro-Hungarian currency was unchanged with only minor fluctuations. In contrast, was the by conflicts marked political development.
The expansive foreign policy quickly led to high costs from which had to be shouldered by the central bank a significant part. The stability of the currency was in danger. Shortly after the beginning of World War I in 1914, laid down the Military Command to indemnify any seized property with double the price. There was an increasing scarcity of goods, connected with an ongoing expansion of the money supply and finally the increase in the price level on the 16-fold.
The resulting cost of the war of the Dual Monarchy were covered to 40% on central bank loans and 60% through war bonds. Over the duration of the war, the power force built up in recent decades has been frozen at the end of the conflict in 1918, the real income of the workers had fallen to one-fifth of the last year of peace.
With the end of the war the end for the old order had come, too. The decay of Cisleithania and Transleithania caused in several successor states, despite the efforts of the central bank to maintain the order, a currency separation (see Crown Currency in the decay of the monarchy, successor states). First, a separate "Austrian management" of the bank was introduced. It was encouraged to shoulder the shortcomings of the state budget of the Republic of Austria founded in 1918.
The new South Slav state began in January 1919 stamping its crown banknotes. The newly founded Czechoslovak Republic retained the crown currency (to date), but their printed banknotes in circulation as of February 1919 with indications that now these ar Czechoslovak crowns. (The country could an inflation as experienced by Austria avoide.) In March 1919, German Austria began to stamp its crown banknotes.
The Treaty of Saint-Germain-en-Laye of 10 September 1919, by Austria on 25 October 1919 ratified and which on 16 July 1920 came into force, determined the cancellation and replacement of all crown banknotes of all successor states of Austria-Hungary as well as the complete liquidation of the Austro-Hungarian Bank under the supervision of the war winners. The last meetings of the Bank took place mid 1921 and at the end of 1922.
After a period of overvaluation of the crown the dollar rate rose from 1919 again. 1921, had to be paid over 5,000 Austrian crowns per dollar. In addition to the significant drop in the external value existed in Austria rising inflation. End of 1922 was ultimately a rehabilitation program with foreign assistance - the "Geneva Protocol" - passed which slowed down the inflation.
1922-1938
With Federal Law of 24 July 1922 the Minister of Finance was commissioned to build a central bank, which had to take over the entire note circulation plus current liabilities of the Austrian management of the Austro-Hungarian Bank. With Federal Law of 14 November 1922, certain provisions of the law were amended and promulgated the statutes of the Austrian National Bank. By order of the Federal Government Seipel I 29 December 1922, the Board of the Austrian Austro-Hungarian Bank issued authorization for the central bank union activity with 1 January 1923 have been declared extinct and was made known the commencement of operations of the Oesterreichische Nationalbank this day.
The statutes of the Austrian National Bank (OeNB) secured the independence from the state, the independence of the Bank under exclusion of external influences and the corresponding equity. First, the stabilization of the Austrian currency was at the forefront. With the Schilling Act of 20 December 1924 was the schilling currency (First Republic) with 1 Introduced in March 1925, it replaced the crown currency. For 10,000 crowns now you got a shilling.
As an important personality in terms of the order of the state budget, Dr. Victor Kienböck has to be mentioned. He was in the time from 1922 to 1924 and from 1926 to 1929 finance minister of the First Republic and from 1932 to 1938 President of the Austrian National Bank. Through his work remained the Austrian Schilling, also beyound the global economy crisis, stable. Under this condition, the Fed was able to cope with the large number of bank failures of the past.
1938-1945
According to the on 13th March issued Anschlussgesetz (annexation law) , the Reichsmark with order of the Fuehrer and Chancellor of 17 was March 1938 introduced in the country Austria and determines the course: A Reichsmark is equal to one shilling fifty pence. On the same day, the Chancellor ordered that the management of the to be liquidated National Bank was transferred to the Reichsbank.
With regulation of three ministers of the German Reich of 23 April 1938, the National Bank was established as a property of the Reichsbank and its banknotes the quality as legal tender by 25 April 1938 withdrawn; public funds had Schilling banknotes until 15th of may in 1938 to accept. All the gold and foreign exchange reserves were transferred to Berlin.
The Second World War weakened the Austrian economy to a great extent, the production force after the war corresponded to only 40% of that of 1937 (see also air raids on Austria). To finance the war, the Reichsbank brought to a high degree banknotes in circulation, which only a great victory of the kingdom (Reich) actual values would have been opposable. Since prices were strictly regulated, inflation virtually could be "banned" during the war.
1945-1998
In occupied postwar Austria about 10 billion shillings by Allied military occupying powers were initially printed, which contributed to significant price increases.
With the re-establishment of the Republic of Austria by the Austrian declaration of independence of 27 April 1945, it came to the resumption of activities of the Oesterreichische Nationalbank. By the "Fed Transition Act" of July 1945 preliminary legal regulations for the operations of the Bank have been established. The restoration of the Austrian currency was their first big job. The goal was the summary of all currencies, which at the time were in circulation, and their secondment to a new Austrian currency. The "Schilling Act" of November 1945, the basis for the re-introduction of the Schilling (Second Republic) as legal tender in Austria. The next step was to reduce excess liquidity to make necessary funds for new business investment available and to make the external value of the shilling for the development of the economy competitive. First, however, less changed the inflationary situation and also the shilling was still significantly undervalued in relation to other currencies.
The "Currency Protection Act" of 1947 brought a significant change in the monetary overhang. Some deposits have been deleted without replacement, others converted into claims against the Federal Treasury. The following exchange operations also significantly reduced the amount of cash: banknotes from 1945 were canceled and exchanged for new schilling notes in the ratio 1:3. Only 150 shillings per person could go 1-1.
To control inflation, the social partners came to the foreground. The associations of employers and employees set in 1947 prices for supplies, wages were also raised. This was the first of the five "wage-price agreements" of the social partners. In 1952, inflation was held back by limiting the use of monetary policy instruments by the National Bank. Also, the external sector slowly relaxed after the end of the Korean War.
In 1955, the Austrian National Bank was re-established by the new National Bank Act as a corporation and the by the National Bank Transition of Authorities Act (Nationalbank-Überleitungsgesetz) established provisional arragement abolished. The National Bank Act stipulated that each half of the capital should be situated at the federal government and private shareholders. In addition to the independence of bank loans of the state, the new National Bank Act also contained an order that the central bank must watch within their monetary and credit policies on the economic policies of the federal government. From now on also included within the instruments of the National Bank were the areas open market and minimum reserve policy.
The Austrian economy increasingly stabilized, through good fiscal and monetary policy a high growth could be attained, with low inflation and long-term maintenance of external equilibrium.
1960, Austria joined the European Free Trade Association and participated in the European integration.
In the sixties came the international monetary system based on gold-dollar convertibility into currency fluctuations and political reforms were necessary. First, the loosening of exchange rate adjustments between several states was an option. However, U.S. balance of payments problems brought with it restrictions on capital movements, and then the Euro-Dollar market was born. In 1971, the convertibility of the U.S. dollar was lifted.
1975 interrupted a recession increasing growth time. International unbalanced ayments caused very extensive foreign exchange movements, whereby the intervention force of Austrian monetary policy has been strongly challenged. Their task now was to control the effect of foreign exchange on domestic economic activities to stabilize the shilling in the context of constantly shifting exchange rates and to control the price rise appropriately. Since the inflow of foreign funds reached to high proportions, so that the economic stability has been compromised, the policy went the way of the independent course design in a pool of selected European currencies.
The collapse of the economy forced the policy makers to a new course with active mutual credit control, subdued wage growth, financial impulses in supply and demand, and interest rates are kept low. This system of regulation, however, kept back the need for structural change, so it had to be given up in 1979. In the same year a fire destroyed large parts of the main building of the Austrian National Bank in Vienna. The repairs lasted until 1985.
Target in the eighties was to strengthen the economic performance using a competitive power comparison. The findings from the seventies stimulated the Austrian monetary policy to align the Schilling course at the Deutsche Mark to ensure price stability in the country. In addition, the structural change was initiated by inclusion in a large area. Stable, if not necessarily comfortable environment of monetary policy was a prerequisite, to secure the companies long-term productivity gains and thus safeguard their position in the economy.
Initially, this development stood a high level of unemployment in the way. Growth until the second half of the decade increased, at the same time increased the competitiveness and current accounts could be kept in balance.
In the nineties, the annexation of Austria took place in the European Community. 1995 Austria became a member of the European Union (EU) and joined the exchange rate mechanism of the European Monetary System. In 1998, the Central Banks (ESCB) have established the independence of institutions or bodies of the European Community and the governments of the EU Member States through an amendment to the National Bank Act of the Austrian National Bank to implement the goals and tasks of the European System. Thus, the legal basis for the participation of Austria in the third stage of Economic and Monetary Union (EMU) was created in 1999.
As of 1999
The Austrian National Bank, and other national central banks including the European Central Bank ( ECB), belongs to the European System of Central Banks.
On 1 January 1999 was introduced in the third stage of Economic and Monetary Union in Austria and ten other EU Member States, the euro as a common currency. The European Central Bank is henceforth responsible for monetary and currency policy, decisions in this regard will be taken in accordance with the Council of the European Central Bank.
Since May 2010, the OeNB is in full possession of the Republic of Austria, after originally lobbies, banks and insurance companies were involved with 50 % of the share capital in it. In 2011, the National Bank Act was adapted by an amendment (Federal Law Gazette I No. 50 /2011) in this circumstance, a renewed privatization is thus excluded by law.
The OeNB as a modern central bank
With the withdrawal from the retail business in the sixties as well as the first major internationalization and implementation of a strategic management in the seventies, the OeNB went on the way to a future-oriented central bank. Another major reform of banking began at the end of the eighties.
In terms of global development, the OeNB established in 1988 as a service company and expanded its guiding values - "security, stability and trust" - to the principles of " fficiency" and "cost-consciousness". The business center was optimized and strategic business experienced through targeted improvements a reinforcement. Be mentioned as examples are intensifying domestic cooperation in the area of payments by encouraging the creation of the Society for the Study co-payments (STUZZA), the liberalization of capital movements, the professional management of foreign exchange reserves, the improvement of the supply of money through the construction of the money center and the internationalization of business activities through the establishment of representative offices in Brussels (European Union), Paris (OECD) and the financial center of New York.
After Austria's accession to the EU in 1995, the OeNB participated in the European Monetary System (EMS ) and its Exchange Rate Mechanism. The integration in the third stage of Economic and Monetary Union (EMU) was the next step towards further development of policy stability. Since the conclusion of the Maastricht Treaty, the Austrian National Bank has very fully considered its role in the ESCB and created a basis for inclusion in the community. The profound economic and monetary policy of Austria was also a reference that qualified the OeNB to actively participate in the monetary future of Europe, a greater harmonization of the statistical framework and monetary policy instruments with a view to the euro system, the preparation of the issue of European banknotes, and the establishment of operational processes and organizational integration of business processes within the ESCB being specific objectives of the OeNB.
In the following, it came, inter alia, to the establishement of an economic study department, of an education or training initiative and to strengthen the position of payment transactions through the TARGET system.
A in 1996 created "OeNB master plan" provided important points for the upcoming transition to the euro.
In May 1998, a new pension system came into force, by which new employees were incorporated into a two-pillar model.
1999, Austria's participation in the third stage of EMU was manifest. The Austrian National Bank - as part of the ESCB - became the owner of the European Central Bank and received new powers in this context in the sense of participation in the monetary policy decision-making at the level of the European Community. With the introduction of the euro, monetary policy functions of the General Council have been transferred to the Governing Council. However, the implementation remains the responsibility of national central banks.
Activities of the Oesterreichische Nationalbank were or are, for example, the further professionalization of asset management, the expansion of the network of representative offices by opening a representative office in the financial center of London, preparation of the smooth introduction of euro cash in 2002 and the participation of the OeNB on the creation of the "A-SIT" (Center for secure Information Technology Center - Austria) and the "A-Trust" (society of electronic security systems in traffic GmbH ) in order to promote security in information technology.
de.wikipedia.org/wiki/Oesterreichische_Nationalbank
Deputy President Cyril Ramaphosa responds to oral questions in the National Council of Provinces in Cape Town. [Photo: GCIS]
Well, maybe it's not a nice question but considering how many Iraqui children we've killed I think it's a legitimate one.
What happened to flight 3407 was a horrible tragedy. I just don't think God had anything to do with either event.
Chased this one for a while thinking it a Monarch when first sighted. Have never seen, noticed, this kind before. North Pond 07/25/13. Thanks M, Laura, Stan for guiding me to one of these two. Each look so much like the other!
Events as they are unfolding in the Dail this afternoon, October 3.
The proceedings can be accessed from this link Dail TV
Below is a copy of the statement released by the Labour Party leader Deputy Pat Rabbitte
HEART OF MATTER IS : ‘WAS AHERN RIGHT TO ACCEPT MONIES?’
It is fair comment that the Opposition has shown restraint in the matter of the Taoiseach accepting money for private use while a serving Minister. However, since Mr Ahern had created a context that sought to explain the Drumcondra monies in terms of his private family affairs, common decency required that opposition politicians should have demonstrated a certain restraint.
And then on Sunday I heard Minister of State, Conor Lenihan, ridicule that restraint. It was, he said, ineffectiveness, not decency, on the part of the Opposition. The suggestion was apparently that the Opposition should cut through the smokescreen to the heart of the matter. To me the heart of the matter is: was Mr Ahern right to do what he did? Is it remotely credible that monies outstanding for 13 years, without any repayment of any kind, can suddenly be called loans? You don’t need to be as bright as Minister Lenihan to know that these transactions, if they happened, were gifts and therefore there are tax implications.
Can we do more than highlight the absolute impropriety of a serving Minister for Finance accepting payment for a nixer outside the State. Never mind the “no law was broken” defence. By any standards it was wrong. What would have happened to a Senior Civil Servant in the Department of Finance if he trousered money for a private encounter in Manchester? He would be sacked. Why is it alright for the Minister but not alright for the civil servant? What does it say about this Government’s standards that not a single Cabinet Minister can bring himself or herself to say what everybody knows: that what happened at Manchester was wrong. You believe in the tooth fairy if you believe that businessmen happen along to a function in a posh hotel to listen to any old Joe Soap talk to them about the Irish economy and then organise an impromptu collection to give him something for himself.
In normal life you get gifts from your friends and you take loans from strangers. Yet Mr Ahern got loans from his friends and gifts from strangers.
Maybe Minister of State Lenihan’s derision of the Opposition is because we didn’t adequately probe behind the discreet veil drawn over the other 50,000 by Mr Ahern when he says enigmatically that he “put back into” his account. “Back into his account from where”? is the questions that must be answered. Where was the 50.000 resting since Mr Ahern didn’t have a bank account? In a sock in the hotpress? If the Taoiseach says this 50.000 was savings I accept that but if he enjoyed a T.D’s salary, a Ministerial salary and the use of a premises bought by friends of Fianna Fail, how can it be portrayed that he was in straitened circumstances?
Why if there were 50.000 in “savings” was it necessary to raise a Bank loan and if a Bank Loan was in place why was it necessary to have a whiparound to replace the Bank Loan ?
An effective Opposition doing its job must ask the Taoiseach: have you evaded tax? Why did you say you paid CGT and gift tax? Why is that relevant here? Are you serious that you had no Bank account while Minister for Finance? Did you have a Bank Account elsewhere on the Island? Or outside the jurisdiction? Or did someone else open one on your behalf? If the whiparound was among friends why is there a cheque in there for 5,000 from NCB stockbrokers? How many times have NCB been retained by the State? How many of the donors were appointed on how many occasions to state boards? Who were the donors in Manchester? What was the function? Are they involved in business in Ireland? Did any of them win state contracts? Is this another loop in the golden circle?
Our new Tanaiste is also impatient with the Opposition. On Thursday he told the House he could scarcely forbear to sit in silence and watch the Opposition squander the opportunity for accountability. Well the Tanaiste had better grow accustomed to sitting in silence. The only question he will be allowed at Cabinet after this debacle is “Bhuil cead agam dul amach?” Mr McDowell sought and got a mandate to ride shotgun on Fianna Fail standards in government. He has comprehensively failed the first test. As he said himself:
“A party that stands for nothing will stand for anything.”
If the Tanaiste can no longer ask questions aloud maybe he would ask himself what Des O’Malley would have said if the Taoiseach of the day admitted receiving money, not for political purposes, but for his private use while a serving Minister?
Forget the orchestrated phone-ins to radio stations, the unscientific polls and the packed television audiences, was it right or wrong to accept money for private use while a serving Minister? You are on the record as saying you did nothing wrong and your Cabinet Ministers without exception have parroted that line. Brian Lenihan alone said it would be unthinkable.
But all the rest Hannafin, O’Donoghue, O’Dea, Dempsey, Ahern, Coughlan, Martin and Cullen can see no wrong. If anything demonstrates why this country needs a change of government it is the media parade of your Ministers, blind to standards, defending the indefensible.
My nephew and cousin told me something about the 'S'-form and the '?'-form. I realized that this green object is a member of the Question Mark family!
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WeatherGirl was particularly keen to return to the V&A because she wanted to see their temporary exhibit Out of the ordinary: Spectacular craft. There was some very cool work there a number of different (and very diverse) artists, all of whom share a certain obsessive quality and intense level of detail. (It reminded us a lot of Jess Larson's cool work, especially her wonderful girdles.)
I took quite a few photos of the artworks, but (much to my surprise) this may be my favorite. Naomi Filmer focuses on the human body, but taking unusual views or using unusual techniques. This is from a lenticular image where you see this face in different ways as you move around it; I really like the superposition of these two angles.
One of the most common questions people have regarding #cannabis is exactly what it is, and what types of cannabis tinctures you can have and how they compare to other products.
Given that they are similar to the #CBD #oil that you see, a lot of times people mistake it for that. But what can you do differently with it?
That’s what we’re about to go into here, with the difference between a tincture and other products, and of course, why it matters.
What is a tincture
If you see #tinctures, you’re probably familiar with the little droppers that are attached to the caps of this.
But it’s pretty much a solution that has an alcohol solvent, along with animal extracts, and they’re oftentimes quite concentrated.
So, consuming them like you would a normal drink is not a good thing to do, but instead a drop or two goes a long way.
You need to use the dropper with this, because otherwise too much can impact the state of your body and mind as well.
How do they Work?
They’ve been around for centuries, and they are actually the main choice for delivering herbal medicine to others.
Why is that the case though?
They actually have a very powerful nature to them, and they do have higher concentration of compounds within this, and they can hit the affected areas quite fast.
Most of these used to be made with both #vinegar and #glycerin, but today, glycerin is on the list, but #alcohol is the main choice in these instances too.
The solvents are able to dissolve the #compounds of the organic matter that’s there, which is a fancy name for plant parts, and take the #ingredients that are out of them.
The process then brings those compounds directly to the body, and it does it so much faster than other sorts of means, and it’s a lot more potent than others too, sometimes more than #edibles in some cases too.
CBD Tinctures?
CBD tincture sis pretty much alcohol-based extracts, and most of the time, the manufacturer may use a higher level of alcohol to extract this, and in other cases, they use glycerin.
There are CBD tinctures and THC tinctures, and the main difference is the CBD one is CBD alcohol, and the THC one is THC alcohol infusions, and of course, neither of them are completely devoid of the other component either.
How to Use
You can use this in one of two ways.
The first, is you take that dropper and put either a drop or two directly underneath the tongue, and the effects happen within an hour of you doing this type of method.
The second way is additives. Take a food or a drink that you have, put it in, and consume it. While it does take longer for this to happen, if you don’t feel like buying or making your own edibles, this is a good way to do it.
The tinctures are not good to be used with application topically and aren’t considered good topicals in general.
The best way to start with tinctures is one drop, and then go from there. If you don’t feel the effects within an hour or so, you should then try again, or try another day in order to see if those effects are right for you.
The use of tinctures is important for so many who are interested in making sure that they get the most effects that they can out of this, and here, you learned about it.
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If you wouldn't mind, could you share my post??? Cheers, Kevin
Four pails of water and a bagfull of salts.
That is all we are, that is all a man comprises,
Chemicals alone, with no spirit, soul or ghost -
Nothing so bizarre.
No amount of faith disguises
What is true is what we fear the most
Nothing can survive
Save the things men leave behind them.
Any other case would be really too absurd -
If thoughts remained alive
Surely modern science would find them?
No, the soul is nothing but a word.
All the wonders Man achieves
Emerge from cerebral tissue.
Chemical reactions' ebb and surge
Form that Thing that is you....
It's a sad philosophy,
But better sad than wrong.
Face the truth instead:
When you're dead you're dead,
When you're gone you're gone...
Now she's gone.
Four pails of water and a bagfull of salts.
That is all she was, all my lover represented -
That sounds just as mad as saying she will never die.
Fools may clutch at straws
But truth must not be circumvented:
As the tree falls, so must that tree lie!
Now that sounds so odd...
Once I would have preached it brightly.
Now questions appear I rationally can't ignore...
Nothingness or God,
Which of them seems more unlikely?
Once I would have answered clearly,
Now I only think I'm nearly sure.
Listen here: go.strongcomet.com/four
Scouts hike along Thomas Road for the first area show. 2010 National Scout Jamboree at Fort A.P. Hill, Virginia, Tuesday July 27, 2010. Photo by Jim Brown
**********Beginning of Shooting Data Section**********
Canon EOS-1D Mark IV iso - 640 f/5 shutter - 1/400
file name - 6731-07-001-287 date - 7/27/10 time - 7:53:30 PM
program - Program AE white balance - Auto
meter - multi-segment tone comp - 0 exp. comp - 0.0
flash - no flash
Either a Comma or Question mark butterfly seen this past Saturday 18 Feb at Broughtons Wildlife Education Center outside Marietta Ohio.
It has been a very warm Winter and this past week had daytime highs in the 60's. The warmer temps have awakened hibernating butterflies like this fellow, (I'm going with Comma).
I cant deny enjoying the warmer temps and having the opportunity to see butterflies like the Mourning Cloak and Comma one to two months early, But I still would feel a little less concerned if Winter would act like Winter is supposed to, LOL.
This photograph shows a page from a 1940 booklet, 'The American Foreign Service General Information for Applicants and Sample Entrance Examination Questions.' With the passage of the Rogers Act establishing the current merit-based, professional Foreign Service, the modern Foreign Service was created on May 24, 1924. On May 22, 2014, U.S. Secretary of State John Kerry delivered remarks at an event celebrating the 90th anniversary of the U.S. Foreign Service. [U.S. Diplomacy Center photo]