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July 2012 archive
Jul 04 2012
Muse in the Morning
Jul 04 2012
Le Tour de France 2012: Stage 3
The Tour de France 2012, the world’s premier cycling event kicked off last Saturday with the Prologue in Liège, Belgium and will conclude on July 22 with the traditional ride into Paris and laps up and down the Champs-Élysées. Over the next 22 days the race will take its course briefly along the Northwestern coast of France through Boulogne-sur-Mer, Abbeville and into Rouen then into the mountains of the Jura, Swiss Alps and the Pyrenees.
We will be Live Blogging Le Tour 2012 every morning at The Stars Hollow Gazette starting at 7:30 AM EDT. Come join us for a morning chat, cheer the riders and watch some of the most beautiful and historic countryside in Europe.
Stage 3 on Tuesday started in Orchies, a commune in northern France. It is the world capital of chicory and especially known for its Musée de la chicorée, the museum of chicory.
• Stage town on one previous occasion
• 8,500 inhabitants
• Head of the canton of Nord
The riders will appear for the first time in France in Orchies, which submitted a joint candidacy with Tournai as a Euroregion, a unique happening on the Tour. But Orchies is also one of the rare towns that is a stage that does not have a winner! In 1982, only three teams had set off when the team time-trial was interrupted in Denain by strike action, as a protest against the closure of the Usinor Group. On the other hand, last year, the town may have witnessed the birth of a future great champion, with the victory of Germany’s Marcel Kittel in the 1st stage of the Four Days of Dunkirk.
Many of the streets are cobblestone but Le Tour will be avoiding them. The riders will travel 197 km over a moderately hilly route with an up hill finish in Boulogne-sur-Mer:
Although the two last stages of the Tour which ended in Boulogne-sur-Mer were sprint finishes, with the victories of the Dutch Jean-Paul Van Poppel in 1994, and of the German Erik Zabel in 2001, the profile of the third stage is ideal for initiatives like those which allowed Pierrick Fédrigo and Sylvain Chavanel to obtain the French Champion’s jersey. In 2005, the air of the town greatly inspired Fédrigo, who also won the Four Days of Dunkirk’s pink leader jersey a few weeks earlier.
Originally named Gesoriacum and probably also to be identified with Portus Itius, by the 4th century Boulogne was known to the Romans as Bononia and served as the major port connecting the rest of the empire to Britain. The emperor Claudius used this town as his base for the Roman invasion of Britain, in AD 43, and until 296 it was the base of the Classis Britannica.[citation needed] Zosimus called the city “germanorum”, Germanic speaking, at the end of the 4th century. The city was an important town of the Morini.
In the Middle Ages it was the centre of a namesake county. The area was fought over by the French and the English and Boulogne was occupied by the English from 1544 to 1550. In 1550, The Peace of Boulogne ended the war of England with Scotland and France. France bought back Boulogne for 400,000 crowns.
In the 19th century the Cathedral of Notre-Dame was reconstructed by the priest Benoit Haffreingue after he received a call from God to reconstruct the town’s ruined basilica. During the Napoleonic Wars, Napoleon amassed La Grande Armée in Boulogne to invade the United Kingdom in 1805. However, his plans were halted by other European matters and the supremacy of the Royal Navy (including thousands of Congreve rockets)
On 22 May 1940 during the Battle of France, two British Guards battalions and some pioneers attempted to defend Bolougne against an attack by the German 2nd Panzer Division. Despite fierce fighting, the British were overwhelmed and the survivors were evacuated by Royal Navy destroyers while under direct German gunfire.[4] On June 15, 1944, 297 planes (155 Avro Lancasters, 130 Handley Page Halifaxes, and 12 De Havilland Mosquitos) of the Royal Air Force bombed Boulogne harbour to suppress German naval activity following D-Day. Some of the Lancasters carried Tallboy bombs, and as a result, the harbour and the surrounding area were completely destroyed. In August, 1944 the town was declared a “fortress” by Adolf Hitler, but it succumbed to assault and liberation by the 3rd Canadian Division in September. In one incident, a French civilian guided the Canadians to a “secret passage” leading into the walled old town and by-passing the German defenders.
To replace the destroyed urban infrastructure, affordable housing and public facility projects in functional, brutalist building styles were carried out in the 1950s and 60s. The harbour therefore sometimes proves to be a disappointment to tourists looking for a typical northern French harbour scene.
Main sights
* Belfry (11th century), part of the UNESCO Heritage Sites List.
* Medieval castle, whose foundations date to Roman times. It houses an Egyptian art collection
* Gothic church of St. Nicholas, housing several 15th century statues
* Cathedral basilica of Notre-Dame, with a dome standing at over 100 m. The crypt is one of the largest in France, and has Roman, Romanesque and Gothic elements.
* Opened in 1991, Nausicaä – The French National Sea Centre is a science centre entirely dedicated to the relationship between mankind and the sea. It houses Aquaria, exhibitions on the marine fauna, and the exploitation and management of marine resources (fisheries, aquaculture, coastal planning, maritime transport, exploitation of energies and mineral, tourism).
* The Boulogne Eastern Cemetery, created during the Great War
There is a very unique exhibit in front of the Boulogne-sur-mer’s city hall, “The Car Versus Nature”
The result is more garden than graveyard for such auto parts as rearview mirrors, tires, steering wheels and entire bench seats planted among the shrubbery. The group says it’s intended to show that “against the creations of Man, Nature always wins in the end.” Nature is definitely making herself known in the plants growing through the tops of such vehicles as a Citroën 2CV. Walkways are lined with tire treads, leather car seats invite passers-by to stop and have a seat, and gearboxes sit at the main entrances to the display area. In all, six cars, two bicycles, one motorbike and a tractor are “planted” in the installation, along with an uncounted number of vehicle components and accessories.”
Click on image to enlarge for the article, a slide show and a video.
Jul 03 2012
Today on The Stars Hollow Gazette
Our regular featured content-
- On This Day In History July 3 by TheMomCat
- Punting the Pundits by TheMomCat
These featured articles-
- Everyone is looking for an edge by ek hornbeck
- The 1st Amendemnt v United States Government by TheMomCat
- The Surveillance State of America by TheMomCat
This special feature-
- 2012 Le Tour – Stage 3 by ekhornbeck
Follow us on Twitter @StarsHollowGzt
This is an Open Thread
Jul 03 2012
This is what we call…
Court Papers Undercut Ratings Agencies’ Defense
By GRETCHEN MORGENSON, The New York Times
Published: July 2, 2012
When Cheyne issued its various securities in 2005, Moody’s and S.& P. rated them all investment grade. Even though Cheyne’s portfolio was bulging with residential mortgage securities, some of its debt received the agencies’ highest ratings, a grade equal to that assigned to United States Treasury securities. About two years later, as mortgage losses began to balloon, both agencies downgraded Cheyne’s debt below investment grade, to what is known as junk.
After the institutions that bought Cheyne’s debt sued Morgan Stanley and the ratings agencies, Moody’s and S.& P. immediately mounted a First Amendment defense. But Shira A. Scheindlin, the federal judge overseeing the matter, ruled in September 2009 that it did not apply because the Cheyne deal was a private offering whose ratings were distributed to a small group of investors and not the public at large. Judge Scheindlin agreed with the plaintiffs, who argued that the ratings were not opinions but were misrepresentations that were possibly a result of fraud or negligence.
“The disclaimers in the Information Memoranda that ‘a credit rating represents a rating agency’s opinion regarding credit quality and is not a guarantee of performance or a recommendation to buy, sell or hold any securities,’ are unavailing and insufficient to protect the rating agencies from liability for promulgating misleading ratings,” Judge Scheindlin ruled.
The judge also ruled against the defendants’ motion that documents and depositions generated in the case should be sealed. As a result, e-mails and deposition transcripts were filed with the court on Monday, showing how closely agency officials rating the deal had collaborated with Morgan Stanley, the firm that hired them to rate Cheyne’s securities.
Former Brokers Say JPMorgan Favored Selling Bank’s Own Funds Over Others
By SUSANNE CRAIG and JESSICA SILVER-GREENBERG, The New York Times
July 2, 2012, 9:06 pm
Amid the market volatility, ordinary investors are leaving stock funds in droves.
In contrast, JPMorgan is gathering assets in its stock funds at a rapid rate, despite having only a small group of top-performing mutual funds that are run by portfolio managers. Over the last three years, roughly 42 percent of its funds failed to beat the average performance of funds that make similar investments, according to Morningstar, a fund researcher.
“I was selling JPMorgan funds that often had weak performance records, and I was doing it for no other reason than to enrich the firm,” said Geoffrey Tomes, who left JPMorgan last year and is now an adviser at Urso Investment Management. “I couldn’t call myself objective.”
…
There is also concern that investors may not have a clear sense of what they are buying. While traditional mutual funds update their returns daily, marketing documents for the Chase Strategic Portfolio highlight theoretical returns. The real performance, provided to The Times by JPMorgan, is much weaker.Marketing materials for the balanced portfolio show a hypothetical annual return of 15.39 percent after fees for three years through March 31. Those returns beat a JPMorgan-created benchmark, or standard of comparison, by 0.73 percentage point a year.
The actual return was 13.87 percent a year, trailing the hypothetical performance and the benchmark. All four models with three-year records were lower than the hypothetical performance and the benchmarks.
…
Regulators tend to discourage the use of hypothetical returns. “Regulators frown on using hypothetical returns because they are typically very sunny,” said Michael S. Caccese, a lawyer for K&L Gates.
Jul 03 2012
On This Day In History July 3
Cross posted from The Stars Hollow Gazette
This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.
Find the past “On This Day in History” here.
Click on images to enlarge.
July 3 is the 184th day of the year (185th in leap years) in the Gregorian calendar. There are 181 days remaining until the end of the year.
On this day in 1863, Battle of Gettysburg ends
On the third day of the Battle of Gettysburg, Confederate General Robert E. Lee’s last attempt at breaking the Union line ends in disastrous failure, bringing the most decisive battle of the American Civil War to an end.
General Lee wished to renew the attack on Friday, July 3, using the same basic plan as the previous day: Longstreet would attack the Federal left, while Ewell attacked Culp’s Hill. However, before Longstreet was ready, Union XII Corps troops started a dawn artillery bombardment against the Confederates on Culp’s Hill in an effort to regain a portion of their lost works. The Confederates attacked, and the second fight for Culp’s Hill ended around 11 a.m., after some seven hours of bitter combat.
Lee was forced to change his plans. Longstreet would command Pickett’s Virginia division of his own First Corps, plus six brigades from Hill’s Corps, in an attack on the Federal II Corps position at the right center of the Union line on Cemetery Ridge. Prior to the attack, all the artillery the Confederacy could bring to bear on the Federal positions would bombard and weaken the enemy’s line.
Around 1 p.m., from 150 to 170 Confederate guns began an artillery bombardment that was probably the largest of the war. In order to save valuable ammunition for the infantry attack that they knew would follow, the Army of the Potomac’s artillery, under the command of Brig. Gen. Henry Jackson Hunt, at first did not return the enemy’s fire. After waiting about 15 minutes, about 80 Federal cannons added to the din. The Army of Northern Virginia was critically low on artillery ammunition, and the cannonade did not significantly affect the Union position. Around 3 p.m., the cannon fire subsided, and 12,500 Southern soldiers stepped from the ridgeline and advanced the three-quarters of a mile (1,200 m) to Cemetery Ridge in what is known to history as “Pickett’s Charge”. As the Confederates approached, there was fierce flanking artillery fire from Union positions on Cemetery Hill and north of Little Round Top, and musket and canister fire from Hancock’s II Corps. In the Union center, the commander of artillery had held fire during the Confederate bombardment, leading Southern commanders to believe the Northern cannon batteries had been knocked out. However, they opened fire on the Confederate infantry during their approach with devastating results. Nearly one half of the attackers did not return to their own lines. Although the Federal line wavered and broke temporarily at a jog called the “Angle” in a low stone fence, just north of a patch of vegetation called the Copse of Trees, reinforcements rushed into the breach, and the Confederate attack was repulsed. The farthest advance of Brig. Gen. Lewis A. Armistead’s brigade of Maj. Gen. George Pickett’s division at the Angle is referred to as the “High-water mark of the Confederacy”, arguably representing the closest the South ever came to its goal of achieving independence from the Union via military victory.
There were two significant cavalry engagements on July 3. Stuart was sent to guard the Confederate left flank and was to be prepared to exploit any success the infantry might achieve on Cemetery Hill by flanking the Federal right and hitting their trains and lines of communications. Three miles (5 km) east of Gettysburg, in what is now called “East Cavalry Field” (not shown on the accompanying map, but between the York and Hanover Roads), Stuart’s forces collided with Federal cavalry: Brig. Gen. David McMurtrie Gregg’s division and Brig. Gen. Custer’s brigade. A lengthy mounted battle, including hand-to-hand sabre combat, ensued. Custer’s charge, leading the 1st Michigan Cavalry, blunted the attack by Wade Hampton’s brigade, blocking Stuart from achieving his objectives in the Federal rear. Meanwhile, after hearing news of the day’s victory, Brig. Gen. Judson Kilpatrick launched a cavalry attack against the infantry positions of Longstreet’s Corps southwest of Big Round Top. Brig. Gen. Elon J. Farnsworth protested against the futility of such a move but obeyed orders. Farnsworth was killed in the attack, and his brigade suffered significant losses.
Jul 03 2012
A Savagely Perilous Place
Steal 15 trillion dollars? No problem.
Violate park rules? Riot police will splatter your blood all over the street.
William Rivers Pitt . . .
Buffalo Springfield was wrong. There’s something happening here, and it is exactly clear. We are, at this moment, in a savagely perilous place.
There are plenty of people out there who will flap the idiots currently running for the GOP in your face in order to dragoon you into supporting President Obama come November, and that’s fine. That’s their job, that’s what they do, and there is no doubt that the comparison favors them…but it is a stone-sharpened fact that, nationally, we are at this moment hedging true fascism as sharply as we were back in the ‘Bad Old Days’ of George and the boys, if not more so.
Some would argue that we are closer now to a true fascist America than we were then, because people of good conscience who fought against George W. Bush’s militant, media-succored fascism tend nowadays to be inclined to let this current happy-faced fascism slide. After all, it’s an election year, “Obama is better than Bush.”
Jul 02 2012
Today on The Stars Hollow Gazette
Our regular featured content-
- On This Day In History July 2 by TheMomCat
- Punting the Pundits by TheMomCat
These featured articles-
- My Little Town 20120627 – Special Edition: RIP Jace by Translator
- Pique the Geek 20120701: Fireworks Safety by Translator
- The Cooperative Movement and the “Big Tent” Approach by GeminiJen by Anti-Capitalist Meetup
- Federal Reserve Lies About Foreclosures by TheMomCat
- Sunday Train: Is State Sen. Simitian aiming to kill High Speed Rail in California? by BruceMcF
This special feature-
- 2012 Le Tour – Stage 2 by ekhornbeck
Follow us on Twitter @StarsHollowGzt
This is an Open Thread
Jul 02 2012
Le Tour de France 2012
The Tour de France 2012, the world’s premier cycling event kicked off last Saturday with the Prologue in Liège, Belgium and will conclude on July 22 with the traditional ride into Paris and laps up and down the Champs-Élysées. Over the next 22 days the race will take its course briefly along the Northwestern coast of France through Boulogne-sur-Mer, Abbeville and into Rouen then into the mountains of the Jura, Swiss Alps and the Pyrenees.
Click on image to enlarge.
We will be Live Blogging Le Tour 2012 every morning at The Stars Hollow Gazette starting at 7:30 AM EDT. Come join us for a morning chat, cheer the riders and watch some of the most beautiful and historic countryside in Europe.
Jul 02 2012
On This Day In History July 2
Cross posted from The Stars Hollow Gazette
This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.
Find the past “On This Day in History” here.
Click on images to enlarge.
July 2 is the 183rd day of the year (184th in leap years) in the Gregorian calendar. There are 182 days remaining until the end of the year.
It is the midpoint of a common year. This is because there are 182 days before and 182 days after (median of the year) in common years, and 183 before and 182 after in leap years. The exact time in the middle of the year is at noon, or 12:00. In the UK and other countries that use “Summer Time” the actual exact time of the mid point in a common year is at (1.00 pm) 13:00 this is when 182 days and 12 hours have elapsed and there are 182 days and 12 hours remaining. This is due to Summer Time having advanced the time by one hour. It falls on the same day of the week as New Year’s Day in common years.
On this day in 1964, U.S. President Lyndon B. Johnson signs into law the historic Civil Rights Act in a nationally televised ceremony at the White House.
In the landmark 1954 case Brown v. Board of Education, the U.S. Supreme Court ruled that racial segregation in schools was unconstitutional. The 10 years that followed saw great strides for the African-American civil rights movement, as non-violent demonstrations won thousands of supporters to the cause. Memorable landmarks in the struggle included the Montgomery bus boycott in 1955–sparked by the refusal of Alabama resident Rosa Parks to give up her seat on a city bus to a white woman–and Martin Luther King, Jr.’s famous “I have a dream” speech at a rally of hundreds of thousands in Washington, D.C., in 1963.
The Civil Rights Act of 1964 (Pub.L. 88-352, 78 Stat. 241, enacted July 2, 1964) was a landmark piece of legislation in the United States that outlawed major forms of discrimination against blacks and women, including racial segregation. It ended unequal application of voter registration requirements and racial segregation in schools, at the workplace and by facilities that served the general public (“public accommodations”). Powers given to enforce the act were initially weak, but were supplemented during later years. Congress asserted its authority to legislate under several different parts of the United States Constitution, principally its power to regulate interstate commerce under Article One (section 8), its duty to guarantee all citizens equal protection of the laws under the Fourteenth Amendment and its duty to protect voting rights under the Fifteenth Amendment.