Page 47 of 123

National Museum of Scotland reopens after three-year redevelopment

Friday, July 29, 2011

Today sees the reopening of the National Museum of Scotland following a three-year renovation costing £47.4 million (US$ 77.3 million). Edinburgh’s Chambers Street was closed to traffic for the morning, with the 10am reopening by eleven-year-old Bryony Hare, who took her first steps in the museum, and won a competition organised by the local Evening News paper to be a VIP guest at the event. Prior to the opening, Wikinews toured the renovated museum, viewing the new galleries, and some of the 8,000 objects inside.

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12

Dressed in Victorian attire, Scottish broadcaster Grant Stott acted as master of ceremonies over festivities starting shortly after 9am. The packed street cheered an animatronic Tyrannosaurus Rex created by Millenium FX; onlookers were entertained with a twenty-minute performance by the Mugenkyo Taiko Drummers on the steps of the museum; then, following Bryony Hare knocking three times on the original doors to ask that the museum be opened, the ceremony was heralded with a specially composed fanfare – played on a replica of the museum’s 2,000-year-old carnyx Celtic war-horn. During the fanfare, two abseilers unfurled white pennons down either side of the original entrance.

The completion of the opening to the public was marked with Chinese firecrackers, and fireworks, being set off on the museum roof. As the public crowded into the museum, the Mugenkyo Taiko Drummers resumed their performance; a street theatre group mingled with the large crowd, and the animatronic Tyrannosaurus Rex entertained the thinning crowd of onlookers in the centre of the street.

On Wednesday, the museum welcomed the world’s press for an in depth preview of the new visitor experience. Wikinews was represented by Brian McNeil, who is also Wikimedia UK’s interim liaison with Museum Galleries Scotland.

The new pavement-level Entrance Hall saw journalists mingle with curators. The director, Gordon Rintoul, introduced presentations by Gareth Hoskins and Ralph Applebaum, respective heads of the Architects and Building Design Team; and, the designers responsible for the rejuvenation of the museum.

Describing himself as a “local lad”, Hoskins reminisced about his grandfather regularly bringing him to the museum, and pushing all the buttons on the numerous interactive exhibits throughout the museum. Describing the nearly 150-year-old museum as having become “a little tired”, and a place “only visited on a rainy day”, he commented that many international visitors to Edinburgh did not realise that the building was a public space; explaining the focus was to improve access to the museum – hence the opening of street-level access – and, to “transform the complex”, focus on “opening up the building”, and “creating a number of new spaces […] that would improve facilities and really make this an experience for 21st century museum visitors”.

Hoskins explained that a “rabbit warren” of storage spaces were cleared out to provide street-level access to the museum; the floor in this “crypt-like” space being lowered by 1.5 metres to achieve this goal. Then Hoskins handed over to Applebaum, who expressed his delight to be present at the reopening.

Applebaum commented that one of his first encounters with the museum was seeing “struggling young mothers with two kids in strollers making their way up the steps”, expressing his pleasure at this being made a thing of the past. Applebaum explained that the Victorian age saw the opening of museums for public access, with the National Museum’s earlier incarnation being the “College Museum” – a “first window into this museum’s collection”.

Have you any photos of the museum, or its exhibits?

The museum itself is physically connected to the University of Edinburgh’s old college via a bridge which allowed students to move between the two buildings.

Applebaum explained that the museum will, now redeveloped, be used as a social space, with gatherings held in the Grand Gallery, “turning the museum into a social convening space mixed with knowledge”. Continuing, he praised the collections, saying they are “cultural assets [… Scotland is] turning those into real cultural capital”, and the museum is, and museums in general are, providing a sense of “social pride”.

McNeil joined the yellow group on a guided tour round the museum with one of the staff. Climbing the stairs at the rear of the Entrance Hall, the foot of the Window on the World exhibit, the group gained a first chance to see the restored Grand Gallery. This space is flooded with light from the glass ceiling three floors above, supported by 40 cast-iron columns. As may disappoint some visitors, the fish ponds have been removed; these were not an original feature, but originally installed in the 1960s – supposedly to humidify the museum; and failing in this regard. But, several curators joked that they attracted attention as “the only thing that moved” in the museum.

The museum’s original architect was Captain Francis Fowke, also responsible for the design of London’s Royal Albert Hall; his design for the then-Industrial Museum apparently inspired by Joseph Paxton’s Crystal Palace.

The group moved from the Grand Gallery into the Discoveries Gallery to the south side of the museum. The old red staircase is gone, and the Millennium Clock stands to the right of a newly-installed escalator, giving easier access to the upper galleries than the original staircases at each end of the Grand Gallery. Two glass elevators have also been installed, flanking the opening into the Discoveries Gallery and, providing disabled access from top-to-bottom of the museum.

The National Museum of Scotland’s origins can be traced back to 1780 when the 11th Earl of Buchan, David Stuart Erskine, formed the Society of Antiquaries of Scotland; the Society being tasked with the collection and preservation of archaeological artefacts for Scotland. In 1858, control of this was passed to the government of the day and the National Museum of Antiquities of Scotland came into being. Items in the collection at that time were housed at various locations around the city.

On Wednesday, October 28, 1861, during a royal visit to Edinburgh by Queen Victoria, Prince-Consort Albert laid the foundation-stone for what was then intended to be the Industrial Museum. Nearly five years later, it was the second son of Victoria and Albert, Prince Alfred, the then-Duke of Edinburgh, who opened the building which was then known as the Scottish Museum of Science and Art. A full-page feature, published in the following Monday’s issue of The Scotsman covered the history leading up to the opening of the museum, those who had championed its establishment, the building of the collection which it was to house, and Edinburgh University’s donation of their Natural History collection to augment the exhibits put on public display.

  • 1
  • 2
  • 3

Selection of views of the Grand Gallery Image: Brian McNeil.

Selection of views of the Grand Gallery Image: Brian McNeil.

Selection of views of the Grand Gallery Image: Brian McNeil.

Closed for a little over three years, today’s reopening of the museum is seen as the “centrepiece” of National Museums Scotland’s fifteen-year plan to dramatically improve accessibility and better present their collections. Sir Andrew Grossard, chair of the Board of Trustees, said: “The reopening of the National Museum of Scotland, on time and within budget is a tremendous achievement […] Our collections tell great stories about the world, how Scots saw that world, and the disproportionate impact they had upon it. The intellectual and collecting impact of the Scottish diaspora has been profound. It is an inspiring story which has captured the imagination of our many supporters who have helped us achieve our aspirations and to whom we are profoundly grateful.

The extensive work, carried out with a view to expand publicly accessible space and display more of the museums collections, carried a £47.4 million pricetag. This was jointly funded with £16 million from the Scottish Government, and £17.8 million from the Heritage Lottery Fund. Further funds towards the work came from private sources and totalled £13.6 million. Subsequent development, as part of the longer-term £70 million “Masterplan”, is expected to be completed by 2020 and see an additional eleven galleries opened.

The funding by the Scottish Government can be seen as a ‘canny‘ investment; a report commissioned by National Museums Scotland, and produced by consultancy firm Biggar Economics, suggest the work carried out could be worth £58.1 million per year, compared with an estimated value to the economy of £48.8 prior to the 2008 closure. Visitor figures are expected to rise by over 20%; use of function facilities are predicted to increase, alongside other increases in local hospitality-sector spending.

Proudly commenting on the Scottish Government’s involvement Fiona Hyslop, Cabinet Secretary for Culture and External Affairs, described the reopening as, “one of the nation’s cultural highlights of 2011” and says the rejuvenated museum is, “[a] must-see attraction for local and international visitors alike“. Continuing to extol the museum’s virtues, Hyslop states that it “promotes the best of Scotland and our contributions to the world.

So-far, the work carried out is estimated to have increased the public space within the museum complex by 50%. Street-level storage rooms, never before seen by the public, have been transformed into new exhibit space, and pavement-level access to the buildings provided which include a new set of visitor facilities. Architectural firm Gareth Hoskins have retained the original Grand Gallery – now the first floor of the museum – described as a “birdcage” structure and originally inspired by The Crystal Palace built in Hyde Park, London for the 1851 Great Exhibition.

The centrepiece in the Grand Gallery is the “Window on the World” exhibit, which stands around 20 metres tall and is currently one of the largest installations in any UK museum. This showcases numerous items from the museum’s collections, rising through four storeys in the centre of the museum. Alexander Hayward, the museums Keeper of Science and Technology, challenged attending journalists to imagine installing “teapots at thirty feet”.

The redeveloped museum includes the opening of sixteen brand new galleries. Housed within, are over 8,000 objects, only 20% of which have been previously seen.

  • Ground floor
  • First floor
  • Second floor
  • Top floor

The Window on the World rises through the four floors of the museum and contains over 800 objects. This includes a gyrocopter from the 1930s, the world’s largest scrimshaw – made from the jaws of a sperm whale which the University of Edinburgh requested for their collection, a number of Buddha figures, spearheads, antique tools, an old gramophone and record, a selection of old local signage, and a girder from the doomed Tay Bridge.

The arrangement of galleries around the Grand Gallery’s “birdcage” structure is organised into themes across multiple floors. The World Cultures Galleries allow visitors to explore the culture of the entire planet; Living Lands explains the ways in which our natural environment influences the way we live our lives, and the beliefs that grow out of the places we live – from the Arctic cold of North America to Australia’s deserts.

The adjacent Patterns of Life gallery shows objects ranging from the everyday, to the unusual from all over the world. The functions different objects serve at different periods in peoples’ lives are explored, and complement the contents of the Living Lands gallery.

Performance & Lives houses musical instruments from around the world, alongside masks and costumes; both rooted in long-established traditions and rituals, this displayed alongside contemporary items showing the interpretation of tradition by contemporary artists and instrument-creators.

The museum proudly bills the Facing the Sea gallery as the only one in the UK which is specifically based on the cultures of the South Pacific. It explores the rich diversity of the communities in the region, how the sea shapes the islanders’ lives – describing how their lives are shaped as much by the sea as the land.

Both the Facing the Sea and Performance & Lives galleries are on the second floor, next to the new exhibition shop and foyer which leads to one of the new exhibition galleries, expected to house the visiting Amazing Mummies exhibit in February, coming from Leiden in the Netherlands.

The Inspired by Nature, Artistic Legacies, and Traditions in Sculpture galleries take up most of the east side of the upper floor of the museum. The latter of these shows the sculptors from diverse cultures have, through history, explored the possibilities in expressing oneself using metal, wood, or stone. The Inspired by Nature gallery shows how many artists, including contemporary ones, draw their influence from the world around us – often commenting on our own human impact on that natural world.

Contrastingly, the Artistic Legacies gallery compares more traditional art and the work of modern artists. The displayed exhibits attempt to show how people, in creating specific art objects, attempt to illustrate the human spirit, the cultures they are familiar with, and the imaginative input of the objects’ creators.

The easternmost side of the museum, adjacent to Edinburgh University’s Old College, will bring back memories for many regular visitors to the museum; but, with an extensive array of new items. The museum’s dedicated taxidermy staff have produced a wide variety of fresh examples from the natural world.

  • 1
  • 2
  • 3
  • 4
  • 5

At ground level, the Animal World and Wildlife Panorama’s most imposing exhibit is probably the lifesize reproduction of a Tyrannosaurus Rex skeleton. This rubs shoulders with other examples from around the world, including one of a pair of elephants. The on-display elephant could not be removed whilst renovation work was underway, and lurked in a corner of the gallery as work went on around it.

Above, in the Animal Senses gallery, are examples of how we experience the world through our senses, and contrasting examples of wildly differing senses, or extremes of such, present in the natural world. This gallery also has giant screens, suspended in the free space, which show footage ranging from the most tranquil and peaceful life in the sea to the tooth-and-claw bloody savagery of nature.

The Survival gallery gives visitors a look into the ever-ongoing nature of evolution; the causes of some species dying out while others thrive, and the ability of any species to adapt as a method of avoiding extinction.

Earth in Space puts our place in the universe in perspective. Housing Europe’s oldest surviving Astrolabe, dating from the eleventh century, this gallery gives an opportunity to see the technology invented to allow us to look into the big questions about what lies beyond Earth, and probe the origins of the universe and life.

In contrast, the Restless Earth gallery shows examples of the rocks and minerals formed through geological processes here on earth. The continual processes of the planet are explored alongside their impact on human life. An impressive collection of geological specimens are complemented with educational multimedia presentations.

Beyond working on new galleries, and the main redevelopment, the transformation team have revamped galleries that will be familiar to regular past visitors to the museum.

Formerly known as the Ivy Wu Gallery of East Asian Art, the Looking East gallery showcases National Museums Scotland’s extensive collection of Korean, Chinese, and Japanese material. The gallery’s creation was originally sponsored by Sir Gordon Wu, and named after his wife Ivy. It contains items from the last dynasty, the Manchu, and examples of traditional ceramic work. Japan is represented through artefacts from ordinary people’s lives, expositions on the role of the Samurai, and early trade with the West. Korean objects also show the country’s ceramic work, clothing, and traditional accessories used, and worn, by the indigenous people.

The Ancient Egypt gallery has always been a favourite of visitors to the museum. A great many of the exhibits in this space were returned to Scotland from late 19th century excavations; and, are arranged to take visitors through the rituals, and objects associated with, life, death, and the afterlife, as viewed from an Egyptian perspective.

The Art and Industry and European Styles galleries, respectively, show how designs are arrived at and turned into manufactured objects, and the evolution of European style – financed and sponsored by a wide range of artists and patrons. A large number of the objects on display, often purchased or commissioned, by Scots, are now on display for the first time ever.

Shaping our World encourages visitors to take a fresh look at technological objects developed over the last 200 years, many of which are so integrated into our lives that they are taken for granted. Radio, transportation, and modern medicines are covered, with a retrospective on the people who developed many of the items we rely on daily.

What was known as the Museum of Scotland, a modern addition to the classical Victorian-era museum, is now known as the Scottish Galleries following the renovation of the main building.

This dedicated newer wing to the now-integrated National Museum of Scotland covers the history of Scotland from a time before there were people living in the country. The geological timescale is covered in the Beginnings gallery, showing continents arranging themselves into what people today see as familiar outlines on modern-day maps.

Just next door, the history of the earliest occupants of Scotland are on display; hunters and gatherers from around 4,000 B.C give way to farmers in the Early People exhibits.

The Kingdom of the Scots follows Scotland becoming a recognisable nation, and a kingdom ruled over by the Stewart dynasty. Moving closer to modern-times, the Scotland Transformed gallery looks at the country’s history post-union in 1707.

Industry and Empire showcases Scotland’s significant place in the world as a source of heavy engineering work in the form of rail engineering and shipbuilding – key components in the building of the British Empire. Naturally, whisky was another globally-recognised export introduced to the world during empire-building.

Lastly, Scotland: A Changing Nation collects less-tangible items, including personal accounts, from the country’s journey through the 20th century; the social history of Scots, and progress towards being a multicultural nation, is explored through heavy use of multimedia exhibits.

Retrieved from “https://en.wikinews.org/w/index.php?title=National_Museum_of_Scotland_reopens_after_three-year_redevelopment&oldid=4346891”

Eurovision ’04 winner Ruslana discusses her paths as singer, spokesmodel, stateswoman and source of inspiration

Monday, March 30, 2009

First becoming famous in her native Ukraine in the 1990s, long-haired self-described “AmazonRuslana gained international recognition for winning the 2004 Eurovision Song Contest with her song “Wild Dances,” inspired by the musical traditions of the Hutsul people of the Ukrainian Carpathian Mountains.

In the five years since, Ruslana has decided to use her name and public status to represent a number of worthy causes, including human trafficking, renewable energy, and even the basic concept of democratic process, becoming a public face of Ukraine’s Orange Revolution and later serving in Parliament.

Currently, she is on an international publicity tour to promote her album Wild Energy, a project borne out of a science fiction novel that has come to symbolize her hopes for a newer, better, freer way of life for everyone in the world. She took time to respond to questions Wikinews’s Mike Halterman posed to her about her career in music and her other endeavors.

This is the fifth in a series of interviews with past Eurovision contestants, which will be published sporadically in the lead-up to mid-May’s next contest in Moscow.

Retrieved from “https://en.wikinews.org/w/index.php?title=Eurovision_%2704_winner_Ruslana_discusses_her_paths_as_singer,_spokesmodel,_stateswoman_and_source_of_inspiration&oldid=3548877”

Toluene: Knowing Its Components, Applications And Hazards

Toluene: Knowing Its Components, Applications And Hazards

by

joalesto

What is toluene?

Toluene is also known as methylbenzene, phenylmethane and toluol. It was originally extracted from the tropical Colombian tree of Myroxylon balasamum which has an aromatic extract known as tolu balsam. However, toluene is also a naturally occurring compound in crude though in very low levels. It is also a by-product in the production of gasoline and coke (fuel) from coal.

Toluene is a colorless and clear liquid with a distinct smell, characteristic of the aromatic hydrocarbon family of chemical compounds including benzene.

What are the chemical properties of toluene?

Toluene is typically stable under normal usage and storage conditions but the container may burst when heated or subjected to high temperature and mishandling.

[youtube]http://www.youtube.com/watch?v=huqnJJM_szc[/youtube]

It can be highly reactive especially in the presence of heat and flame. It is chemically incompatible with strong oxidizing agents, sulfuric and nitric acids, nitrogen tetraoxide, and chlorine. When heated and made to react with a nitro group, toluene can give rise to dintrotoluene and eventually, into the volatile and explosive trinitrotoluene. It reacts strongly with oxidizing agents and may produce heat or potentially ignite or explode when not handled properly.

Where is toluene commonly used?

Toluene is a vital chemical used in the adhesive, laboratory, paint, pesticide, pharmaceuticals, and rubber industries. It is usually used as a solvent for dilution, extraction, and electroplating. The largest use for toluene, however, is in benzene production.

Toluene is usually used a solvent due to its ability to dissolve paints, silicone sealants, lacquers, adhesives, rubber, printing ink, leather tanners, and disinfectants.

This substance is also used as an enhancer and octane booster in gasoline, as a coolant in nuclear reactor systems because of its natural heat transfer properties, as well as in biochemistry experiments where toluene is used to rupture red blood cells for hemoglobin extraction.

What are the potential hazards of toluene?

Risk to Human Health

Low to moderate levels of toluene inhalation can cause confusion, tiredness, weakness, nausea, loss of memory, loss of appetite, as well as color vision and hearing loss. When exposure to toluene is discontinued, these symptoms typically disappear. On the other hand, unconsciousness, or even death, can result to inhalation of high concentrations of toluene.

Ingestion and swallowing can cause abdominal pain and spasms and other symptoms akin to those of toluene inhalation. Direct skin contact can cause irritation and toluene can be absorbed through the skin. Toluene causes severe irritation with redness and pain when it makes contact with the eyes.

There have been reports of anemia, bone marrow disorders, and decreased blood count due to constant exposure to toluene even in small concentrations. It also has a defatting capacity which results to redness and drying of the skin as well as dermatitis. Toluene is also known to aggravate existing medical conditions such as those with skin disorders and kidney or liver disorders. Alcohol consumption is known to enhance the toxic effects of toluene. It is also very harmful to pregnant women.

Risk to the Environment

Toluene has been known to have moderate toxicity to aquatic organisms although there is no significant risk for bioaccumulation. Since this substance has strong reactivity properties, when it is released into the soil, water or air, toluene evaporates to a reasonable extent. But it is expected to filter into the water table.

Toluene is a largely unstable and toxic substance when mishandled. Therefore, the need for proper handling as well as storage practices must be stressed out. Those who are constantly exposed to toluene must be given proper protection gear since prolonged exposure to toluene vapor can be very unhealthy and, in the most extreme cases, fatal.

Jo is an author and publisher for ReAgent Chemical Services Ltd (http://www.reagent.co.uk), a reputable UK based chemical producer that produces, carries and sells a wide selection of premium chemical products as well as analytical laboratory chemicals, specialty chemicals and solid chemicals. If your business is seeking superior quality organic solvents for example

toluene

or has other industrial chemical requirements for uses like chemical fusion, analytical uses and cleaning then check out ReAgent Chemical Services Ltd.

Article Source:

Toluene: Knowing Its Components, Applications And Hazards

NYSE to merge with Archipelago; NASDAQ to buy Instinet

Sunday, April 24, 2005

New York Stock Exchange (NYSE) announced last Wednesday that it has agreed definitively to merge with Chicago-based Archipelago Exchange (ArcaEx) and form a new publicly traded, for-profit company known as NYSE Group. This announcement was followed two days later by NASDAQ®, which independently announced a definitive agreement to purchase Instinet Group.

Archipelago and Instinet are innovative e-trading (electronic trading) companies, and formerly were the two largest American rivals to NYSE and NASDAQ, in recent years taking increasingly large portions of their market share. The Securities and Exchange Commission (SEC) and other regulatory agencies still have to review and approve the transactions, particularly with respect to US securities law and antitrust law, in order to ensure that the marketplace remains lawful and competitive.

Other pending issues for NASDAQ include obtaining the approval of Instinet shareholders, as well as customary closing conditions. NYSE must obtain the approval of its members and Archipelago shareholders.

These changes, a reaction to increased e-trading competition and a changed regulatory environment, will result in NASDAQ and NYSE trading each other’s shares and attempting to grab market share, which many hope will drive down transaction costs and ultimately benefit consumers. However, at least one commentator, Dan Ackman writing in Forbes, has noted that the trading commission at the NYSE currently averages less than a nickel (US$0.05) per share, and was less enthusiastic about potential efficiency gains from electronic trading at the exchange.

The transactions are also intended to make the two leading American stock exchanges more globally competitive with such exchanges as the London Stock Exchange, the Frankfurt Stock Exchange, the Toronto Stock Exchange, and the Australian Stock Exchange located in Sydney.

Retrieved from “https://en.wikinews.org/w/index.php?title=NYSE_to_merge_with_Archipelago;_NASDAQ_to_buy_Instinet&oldid=744644”

Eleven killed in train crash in northern Victoria, Australia

Tuesday, June 5, 2007File:Swan Hill3.jpg

Eleven people have been killed, and more than 20 injured, when a V/Line passenger train and a semi trailer collided at a level crossing on the Murray Valley Highway in northern Victoria, Australia. At least 13 more are still missing and are believed to be trapped in the wreckage.

The collision, which occurred at 1:40 p.m. local time, was approximately 10 km north of the town of Kerang, on the Swan Hill railway line.

The train involved in the accident was a service from Swan Hill, which departed at 1:00 p.m. from Swan Hill railway station, and was destined for Melbourne. The train was comprised of a locomotive and three carriages.

Witness reports say that the semi-trailer collided into the second of the three carriages, and then detached the third carriage from the remainder of the train and causing it to derail. The whole side of the second carriage was ripped open from the direct impact of the semi-trailer.

The injured have been transferred from the scene to hospitals in the area, including Kerang and Mildura, by ambulance. Helicopters and light aircraft have been used to transfer patients to Melbourne, as local hospitals struggle with the sudden influx of patients. The driver of the semi-trailer has been moved to the hospital in Mildura in “critical condition”, according to police at the scene.

The train had 39 people on board the 1:00 p.m. service, according to train documents. This included three staff employed by the train operator V/Line, who have all been accounted for and are not injured. Of the 36 passengers on the train, it has been reported that 23 have suffered injuries.

Reports say six people were airlifted to Melbourne for treatment, however one has since died. The remaining 17 have been moved to regional hospitals, including the temporary relief centre in Kerang, according to a Rural Ambulance Service spokesperson.

Although there are still 13 people unaccounted for, police say it is possible that some had bought tickets and were therefore listed on the train manifest, but did not end up catching the service.

Premier of Victoria Steve Bracks is expected to fly to the crash scene this evening. He has ordered a full investigation into the incident. Federal Minister for Transport Mark Vaile has offered Federal government assistance from the Australian Transport Safety Bureau to help with the investigation. The Prime Minister John Howard has offered the Victorian government any additional aid that is requires in the aftermath of this incident.

Train operator V/Line have set up an emergency hotline to assist relatives and friends of those on the train receive information. The number is 1800 800 120.

Retrieved from “https://en.wikinews.org/w/index.php?title=Eleven_killed_in_train_crash_in_northern_Victoria,_Australia&oldid=4567652”

How Much Does The Hidden Brokerage Costs And Fees Cost The Average Investor?

By Joe R. Maldonado

Most investors know to check the expense ratio when looking for a mutual fund, but most are unaware of the hidden cost and fees that eventually eat away any profit gained by trading. How much does the hidden brokerage costs and fees cost the average investor? In the US mutual funds pay 1.31% on average of the total of all assets each year to the fund manager and other operating costs. The problem becomes the unreported costs that are a part of the trading process. These cost are not in the advertisements and can easily make a bargain price go up two to three times what was originally stated.

The complexity of these trading cost is the main reason cited for not reporting them. it seems that a lot of mutual fund companies are in disagreement about how to actually calculate these cost and therefore each mutual funds brokerage costs and fees are very different. This is an aspect of the mutual fund trading process that none of the companies are to keen on going public with.

This is considered a trade secret and most fund managers are of a mind the less the investors know about this the better for them. the trade commission looks into the high brokerage cost and fees every year or two but they still have made little headway in getting anything done about the problem.

If the so-called ‘experts’ cannot agree on what is what how does the simple lay man ever expect to understand the inner workings of the mutual fund trading market. Expenses are the most important things an investor can look at to gage the performance of a mutual fund. If the fund has a very high percentage of mutual fund brokerage cost and fees the overall impact is a negative for an investor.

[youtube]http://www.youtube.com/watch?v=Q_7EKr5a82k[/youtube]

What are these mysterious brokerage cost and fees?

1.

Brokerage commission

2.

Bid-ask spreads

3.

Opportunity costs

4.

Market impact costs

These are four things that are never even discussed with you by any mutual fund manager. And these are where the mutual fund will loose its value for you, the investor. The fund manager gets paid his commission off the top. If you make a profit is not a real issue for them since it doesn’t affect his/her purse strings.

The problem is the SEC doesn’t make commission reporting as a part of the mutual fund expense a priority. This means they are not required by law to disclose this information. Commissions make up less than half of the total costs but it is an important cost. The other three components aren’t discussed because they are even harder to explain. they are consider a part of the price of doing business.

If this makes you as an investor uneasy you can continue to educate yourself on the four components you now know are a part of the hidden brokerage cost and fees so you will be better able to calculate the worth of a potential mutual fund investment.

About the Author: Next, find out more about

mutual fund brokerage costs and fees

in the best specialized website available on such delicate topic.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=783311&ca=Finances

Controversy over effects of new bankruptcy law on victims of Katrina

Sunday, September 25, 2005

Hurricane Katrina has rekindled debate over the controversial Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, in the U.S. House of Represenatives. Congressional Democrats feel that among the hundreds of thousands of victims of Katrina, many of whom have lost all their possessions and are coping with relocation, those that declare bankruptcy should be granted the protections of the previous law. 32 Democrats have sponsored a proposal that would delay implementing certain parts of the law to “insure that we do not compound a natural disaster with a man made financial disaster.”

The new bankruptcy law affects anyone whose income (as of the six months before filing) was over the state median income. Democratic legislators point out that many hurricane victims who manage to find work will be suffering from wage reductions, making them unable to effectively deal with their previous debts. Among U.S. states, Louisana and Mississippi have the fourth and third lowest median incomes, respectively. Democrats also feel that it is unfair to require repayment by bankrupted Hurricane Katrina victims while citizens in other states with similar incomes would pay nothing.

F. James Sensenbrenner, Republican from Wisconsin and chairman of the House Judiciary Committee, has denied a hearing on creating an exception in the law for the purposes of Katrina relief. He noted that “If someone in Katrina is down and out, and has no possibility of being able to repay 40 percent or more of their debts, then the new bankruptcy law doesn’t apply.”

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 has been heavily criticized by consumer rights’ organizations. The Consumer Federation of America argues that “[the] new requirements, coupled with strict deadlines for production upon the penalty of an automatic dismissal are difficult for the most organized person to meet, never mind someone who has had his or her home destroyed by Katrina.”

Opponents of the bill also argued that it makes the government “a bill collector for private companies”, and could lead to criminal prosecutions over matters best left in civil courts, and theoretically even to life imprisonment under federal three-strikes laws. Such opponents view the bulk of the act either as “bought and paid for” by the Credit Card Industry, who spent millions lobbying in support of the bill, or else as an unfortunate compromise between the lobbyists for banks and bankruptcy lawyers, such as the American Bankruptcy Institute (ABI). Nathalie Martin, of ABI, said that “Many people will still qualify to file for Chapter 7,” which means liquidation of assets in exchange for cancellation of debt.

Retrieved from “https://en.wikinews.org/w/index.php?title=Controversy_over_effects_of_new_bankruptcy_law_on_victims_of_Katrina&oldid=4455646”

How To Tell If A Guy Has A Crush On You?

Well, here we are again, it’s Mike again, and I’m here to help you out on one thing only how to know if a guy has a crush on you? Well It’s not that complicated, talking about if a guy likes you or may consider dating you is a more general thing, but if you want to know if a guy really has a crush on you – read on, it’s not too hard.

• always finds reasons to talk to you and be around you – This is what I used to do back in High School… Everytime I had the opportunity, I went to this girls classroom and asked her for stupid things, the most idiotic and blatant things, just so I could hang around her and talk to her. I wanted to be around her.. So I always found an excuse to do exactly that

• helping you with almost anything – This is what guys do when they have a crush on you – they want to help you with anything, just to kind of receive “extra points” in your eyes. If you ever said something like “Oh I’m having a hard time with x… It’ so hard” and he goes like “HEY I CAN HELP I KNOW I KNOOW” They look for the stupidest opportunity to show value by offering help or actually helping you – carrying stuff for you etc.

[youtube]http://www.youtube.com/watch?v=NNljYmY_XTc[/youtube]

• leaving his friends for you – Well in a school environment, if he is used to hanging around with his buddies in kind of packs, if he breaks away from the pack to talk to you – be sure that he likes you, he wouldn’t do that for any other girl.

• showing off – Try to catch this. I cannot really think of examples, but they will try to impress you by doing some “heroic” stuff – helping an old lady maybe, or getting rid of an annoying kid. Then after they DO that, they will fake modesty and be like “Well… That was really nothing… Business as usual…”

• grabing a seat next to you – Oh yes. They will do this Either next to you or just close to you, but they will try to make it look unintentional. Don’t be naive, he likes you

• touching, hugging – Guys simply biologically want to be in contact with the women they like – so they will try from time to time to get closer to you, to go a step closer. If you notice that last time you just shook hands, and now you are kissing on the cheeks when greeting, and next time, hugging… I think that’s a great sign

That’s all for now girls, but stay tuned ’cause there will be more content comming, I’m gonna cover everything – how to tell if your best friend likes you for example.

Thanks for your time,Mike

Article Source: sooperarticles.com/relationship-articles/advice-for-women-articles/how-tell-if-guy-has-crush-you-415330.html

About Author:

If you want to learn more on how to know if a guy likes you, you can find more tips at my place by clicking here.Author: Mike Malkovic

Warner Music sees large growth digital music revenue

Wednesday, February 15, 2006

Warner Music Group first quarter earnings rose sharply mostly from growth in digital music sales offsetting falling CD sales. Warner Music sells digital music to several online services including Apple’s iTunes at wholesale. The company’s first-quarter revenue from digital music sales doubled to US$69 million, accounting for 7% of overall revenue. Madonna, Green Day, and James Blunt are signed to subsidiary labels of Warner.

Warner Music has undergone restructuring after being sold in 2004 by former parent company Time Warner. Cutting costs, exploiting current assets, and digital music has been the company’s focus since going public in May.

Retrieved from “https://en.wikinews.org/w/index.php?title=Warner_Music_sees_large_growth_digital_music_revenue&oldid=546503”

‘Earned It’ earns The Weeknd his first Grammy

Wednesday, February 17, 2016

On Monday, at the 58th Grammy Awards ceremony, Canadian singer The Weeknd won his first Grammy Award, Best R&B Performance, for his song Earned It, which was also featured on the soundtrack of the 2015 Fifty Shades of Grey movie based on E.L. James’s erotic novel Fifty Shades of Grey.

The Weeknd also won the Grammy Award for Best Urban Contemporary Album for his second studio album Beauty Behind the Madness. Abel Tesfaye — The Weeknd — had seven nominations in total including Record of the Year for his song Can’t Feel My Face and Album of the Year.

The YouTube video of the song received more than 179 million views and more than 1.1 million likes.The Weeknd was also nominated for Grammy Award for Best Pop Solo Performance, but British singer Ed Sheeran won the golden gramophone for his song Thinking Out Loud.

Last year, Beyoncé won the Award for Best R&B Song for Drunk in Love featuring her husband Jay-Z.This awards ceremony marked the first Grammy wins for The Weeknd, Justin Bieber and Ed Sheeran.

Retrieved from “https://en.wikinews.org/w/index.php?title=%27Earned_It%27_earns_The_Weeknd_his_first_Grammy&oldid=4494925”

Page 47 of 123

Powered by WordPress & Theme by Anders Norén