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Subject: 83 Reasons We Love Warren Buffett


Author:
Friday August 30th 2013 ==Secondbite
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Date Posted: 06:53:12 08/31/13 Sat

83 Reasons We Love Warren Buffett
By Anand Chokkavelu, CFA | More Articles | Save For Later
August 30, 2013 | Comments (2)

Today is Warren Buffett's 83rd birthday. Each year, I celebrate the Babe Ruth of Investing's birthday by adding another reason we love our hero.

1. Intricate, occasionally contradictory complexity hides beneath the "Aw, shucks" folksy charm. As a Forbes writer once put it, "Buffett is not a simple person, but he has simple tastes."

2. Many people talk about avoiding the madding crowd, but Buffett actually does it by living 1,250 miles away from Wall Street.

3. He has a fortress-like internal scorecard on all things investing, yet a vulnerable, endearing external scorecard on many aspects of his personal life. See his penchant for seeking mother figures.

4. His perspective: "In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497."

5. He is that guy in school who tells you he may have failed the test -- only to bust the top of the curve.

6. His time frame for the long run consistently exceeds his life span.

7. He says it better: "Someone's sitting in the shade today because someone planted a tree a long time ago."

8. He's human. He fears nuclear war and his own mortality. He's frequently more adept at business relationships than personal ones. He can hold a grudge. His hero is his daddy.

9. Classic line: "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1."

10. Once branded a stingy miser (rightly or wrongly), Buffett has evolved (assuming it wasn't his intention from the start) into one of the most effective philanthropists I know. After growing his potential givings at a 20% compounded rate per year, he set a plan to give most of it away.

11. Perhaps as importantly, he put ego aside and outsourced his charitable decision-making to the Bill & Melinda Gates Foundation. Circle of competence at its finest.

12. "I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years." Contrast that with computer algorithm-based trading, day trading, and some of the moves you've made in your own account.

13. Buffett's smarter than you and I, but he's kind enough to let us feel otherwise.

14. David Sokol was once an heir apparent and arguably Buffett's most trusted operations guy. But when Sokolgate emerged, Buffett stayed true to his word: "We can afford to lose money -- even a lot of money. But we can't afford to lose reputation -- even a shred of reputation."

15. "Derivatives are financial weapons of mass destruction." He said it early, and we are reminded of it often.

16. In a glimpse of the nuance that some commentators call hypocrisy, Buffett uses derivatives himself. But he does so in a way that doesn't threaten the entire financial system and explains exactly why in his annual shareholder letters.

17. He doomed himself from ever holding public office: "A public-opinion poll is no substitute for thought."

18. I like juxtaposing these two quotes: 1) "It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction." 2) "Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway."

19. "You only have to do a very few things right in your life so long as you don't do too many things wrong."

20. He has the ability to resist the allure of the quick fix or quick buck when longer-term dynamics are at play.

21. Not sure if this quote came before or after the Internet: "Let blockheads read what blockheads wrote."

22. For those hoping to become famous and respected, he's a testament that the challenges and doubts keep coming regardless of the length of the track record. He has publicly prevailed so far.

23. An investing truism: "Price is what you pay. Value is what you get."

24. The business side of that investing truism: "Your premium brand had better be delivering something special, or it's not going to get the business."

25. He uses colorful language and analogies when drab jargon could do the trick.

26. Boring example: moat vs. competitive advantage.

27. Not-so-boring example: sex.

28. "Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."

29. Classic line: "Only when the tide goes out do you discover who's been swimming naked."

30. He backs up his saying, "Our favorite holding period is forever," by keeping past-their-prime subsidiaries that others would "spin off to unlock value."

31. His Robin (Charlie Munger) can kick your Batman's butt.

32. He makes loophole-free handshake deals.

33. "Risk comes from not knowing what you're doing."

34. Quote No. 1 on keeping it simple, stupid: "The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective."

35. Quote No. 2 on keeping it simple, stupid: "There seems to be some perverse human characteristic that likes to make easy things difficult."

36. The Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) annual meeting is an unrivaled spectacle in investing, truly living up to its billing as the Woodstock for Capitalists.

37. One of the most concise summations of why America is great: "There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it."

38. Trash-bin-diving caution No. 1: "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

39. Trash-bin-diving caution No. 2: "Time is the friend of the wonderful company, the enemy of the mediocre."

40. He's an eternal optimist in a sound-bite culture that often rewards pessimists.

41. His shareholder letters reveal an artisan-like craftsmanship only seen when the proprietor cares deeply about his creation.

42. The contrarian credo: "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."

43. He recognizes that genius fails: "When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."

44. Like so many great thinkers, Buffett is able to ignore noise and whittle a decision down to its core variables. After he explains those variables, the decision sounds elementary.

45. Why banking can be dangerous: "When you combine ignorance and leverage, you get some pretty interesting results."

46. He allows me to see the name Buffett without thinking of Jimmy.

47. Buffett maintains a high thought-to-speech ratio.

48. Buffett's librarian fantasy: "If past history was all there was to the game, the richest people would be librarians."

49. He converts a deadly sin into a virtue: "You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing."

50. Averaging 20% returns for almost half a century results in beating the S&P 500 78-to-1!

51. Even though he has fewer and fewer meaningful investing options because of the size of Berkshire Hathaway, he continues to wow us.

52. On a chili-dog-and-onion-ring-flavored note, Berkshire Hathaway owns Dairy Queen, my favorite fast-food chain.

53. Many of Buffett's managers were wildly successful entrepreneurs before selling out to Berkshire. Convincing successful, headstrong, boss-less superstars to subjugate themselves, and keeping those people motivated and happy, is quite a feat.

54. On a related note, Buffett doesn't micromanage -- good thing, with an empire this large.

55. He gets doubted again and again and again and proves the doubters wrong most of the time. Yet you never hear him say, "I told you so."

56. Well, maybe sometimes he gloats. Harvard Business School rejected him, which led him to study under his mentors Benjamin Graham and David Dodd at Columbia. His "How do you like me now?" statement: "Harvard did me a big favor by turning me down. But I haven't made any contributions to them in thanks for that."

57. He has become America's de facto investing teacher. And he has done so willingly.

58. Perhaps my favorite Buffett line: "We like things that you don't have to carry out to three decimal places. If you have to carry them out to three decimal places, they're not good ideas."

59. Not that he can't be ruthless, but Buffett tends to look for win-win situations where possible. Contrast that with the Wall Street art of "ripping the face off" of clients.

60. He's often described as a "learning machine," extending his natural abilities and allowing him to make behemoth investing decisions over the span of just hours.

61. He added to Ben Graham's teachings with the help of that learning ability and Munger's counsel.

62. Now is a good time to point out that companies' annual reports, which are available to all, are the primary fuel in his learning machine. He reads them voraciously to compare and contrast companies and build his business knowledge base. See the next point.

63. When asked what the most important key to his success was, Buffett answered, "focus." His biographer Alice Schroeder elaborates: He has "focus like you have never seen on anybody else." For good or ill, Buffett's entire life has been dedicated to investing. It's much harder than he lets on.

64. There are plenty of business fish in the sea: "There are all kinds of businesses that I don't understand, but that doesn't cause me to stay up at night. It just means I go on to the next one, and that's what the individual investor should do."

65. How many people can pull off being a contrarian by buying shares of Coca-Cola?

66. Even in an investing world full of Buffett students and imitators, he manages to surprise.

67. He takes every legal, ethical advantage available in the current system, but he lobbies for a better system. For example, he supports higher taxes for the rich, more severe estate taxes, and a level playing field. As he puts it, "I don't like anything where the bottom 20% keep getting a poorer and poorer deal."

68. He is grateful for the advantages he has had in life -- like many of us, he won the "ovarian lottery."

69. When he talks, E. F. Hutton listens.

70. Like many geniuses, he is frequently the confounding exception to the rule. For example, Berkshire Hathaway has never paid a dividend and only started share repurchases recently. It also doesn't split the chairman and CEO roles. And we shareholders thank him for it.

71. Buffett buys what he knows (and frequently loves), but he doesn't overpay out of affection. He has the discipline to wait decades for the right opportunity.

72. He gives credit to his direct reports.

73. Not only is Buffett a great investor and manager, but he's one hell of a writer. My jealousy grows.

74. He once picked up a date in a hearse he co-owned.

75. Before making his money work for him, he worked for his money early on with a series of jobs, schemes, and ventures. These included a paper route, selling chewing gum door to door, a pinball business, a sales job at J.C. Penney's, caddying, marking up refurbished golf balls, and founding a horse-racing tip sheet.

76. He's a permabull -- on women.

77. It's very possible that the house you live in is worth more than the house Buffett lives in -- the house in Omaha he bought in 1958.

78. Over the years, he has relied on a similar set of answers to oft-asked questions. That his philosophy has stayed stable throughout that time is remarkable.

79. His wealth has bought him the ultimate trophy: He does whatever he wants to do just about every single day.

80. He's the outsized calming influence a lot of us need. From his biography Snowball: "If a tornado were barreling straight toward Kiewit Plaza [where his office is], Buffett would say that things were 'never better' before mentioning the twister."

81. Anyone who can make the hyper-opinionated Charlie Munger regularly utter "I have nothing to add" must be saying something impressive.

82. When his time to step down finally comes, it will take a village (a CEO, a chairman, and multiple portfolio investors) to perform his current responsibilities.

83. That said, he fully expects this list to one day reach well into the triple digits. And I look forward to adding those lines. Happy birthday, Mr. Buffett!

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Anand Chokkavelu, CFA owns shares of Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway and Coca-Cola. The Motley Fool owns shares of Berkshire Hathaway. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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Comments from our Foolish Readers
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Report this Comment On August 30, 2013, at 9:51 AM, triple33 wrote:

10% income tax on any type of income (individual, business, corporate, capital gains, etc.) with first $30,000 exempt per individual - no other deductions beyond business expenses., i.e. married couples (gay or straight) would exempt $60,000 - no marriage discrimination.

10% national sales tax with every tax filer getting up to $3,000 check from gov't to exempt up to 1st $30,000 (based on previous year filed taxed return). The unreported cash economy is huge!

10% net worth tax on individual assets above $1.1 billion including charities owned/controlled by an individual (they build themselves buildings and put their art collections in them with lavish perks for themselves.) Now that is progressive! So Bill Gates has personal NW of $54 billion plus controls his charity of $25 billion, so he would owe a tax of $7.9 billion on his $79 billion. Every year until he gets to $1.1 billion! Warren Buffet said that once you reach $500 million in NW there is pretty much nothing you can't buy. With the exemption of $1.1 billion Bill Gates and the like will still have plenty of NW left to rule the world! Think of it like property taxes on your house.

10% inheritance tax above $10 million - eliminate all trusts and other tax dodges.

Limit the tax code to 100 pages. It may have to be small 7pt font, but the current version is written for the Forbes 400.

Ten percent is easy to calculate!
Subject: Options Chicago Thursday 15/8/2013 to


Author:
Wednesday 21/8/2013
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Date Posted: 01:28:30 08/31/13 Sat

Subject: Lowest point for S&p500 financial week 9


Author:
Wednesday 28/2/2013==1,627.47
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Date Posted: 01:25:54 08/31/13 Sat

Subject: Lowest point for Nasdaq Financial week 9==re option expiry Friday 23/8/2013 Daffodil day


Author:
Tuesday 27/8/2013==3,053.26
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Date Posted: 01:22:34 08/31/13 Sat

Subject: Lowest point for Dow financial week 9 Wednesday August 28th 2013


Author:
14,760.41
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Date Posted: 01:18:02 08/31/13 Sat

Subject: Tuesday 27/8/2013==Compact messages Lowy Institue Sydney K Rudd Live


Author:
Greg13=1582Sun24/286 International relations China Japan
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Date Posted: 10:21:20 08/27/13 Tue

....HOMETAX TIME 2013NEWS & OPINIONINVESTING
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Finance Search .......Tue 27 Aug 2013 9:18 - Australia Markets open in 42 mins
.............YOUR FRIENDS' ACTIVITYprev next .....YOU ON YAHOO! FINANCEYour Activity |Social: OFFON Turn Social ONRemind me when I share|Options What is this?Not you? Log out of FacebookHow to remove this experience.......Goldman losses from options glitch in tens of millions -source

By Doris Frankel and Lauren Tara LaCapra | Reuters – 3 hours ago
....Email 0Recommend0Tweet0Share0Print.....Related Content.
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View Photo.A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. REUTERS/Brendan McDermid/Files
....By Doris Frankel and Lauren Tara LaCapra

(Reuters) - Goldman Sachs Group Inc lost tens of millions of dollars after a computer glitch led to a flood of erroneous options trades last week, a source close to the matter said on Monday.
Last Tuesday, an upgrade of Goldman's internal system affected options on stocks and some exchange-traded funds with symbols beginning with the letters H through L, leading to trades vastly out of line with market prices.

Roughly 80 percent of the erroneous option-market contracts traded on NYSE Euronext's two option platforms NYSE Arca Options and NYSE Amex options were cancelled, according to a second source close to the situation.

The two platforms have collectively handled about 23 percent of equity and index options trading in August, according to data from OCC, formerly known as the Options Clearing Corp, which clears all U.S.-listed options.

NYSE Euronext said it completed a review and appeals process last week but declined to give further details.
The options trading snafu was the first of what was a rough week for trading last week, as it was followed by a three-hour shutdown of the Nasdaq Stock Market due to connectivity issues on Thursday.

Earlier, the Financial Times reported that Goldman Sachs put four senior technology specialists on administrative leave as a result of the trading mishap. The report cited people familiar with the situation.

Goldman Sachs said in a statement on August 20 that it did not face material loss or risk from the problem, but declined to comment further.

Exchange operator CBOE Holdings Inc , which has the largest market share in combined single-stock and index options at 29 percent so far in August, completed its review process last week, but it did not comment on the number of trades affected.
A spokeswoman for the International Securities Exchange, confirmed that a majority of the trades under review at ISE were adjusted and not canceled. ISE, which is owned by Germany's Deutsche Boerse AG , did not disclose any other details.
Nasdaq OMX Group Inc's which operates three option venues, declined to comment.
(Reporting by Lauren Tara LaCapra in New York and Doris Frankel in Chicago; Editing by David Gregorio)

....@y7finance on Twitter, become a fan on Facebook
Subject: Archive Sunday 24/2/2013


Author:
Tuesday 27/7/2013 LBJ==Murdoch Phone Hacker
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Date Posted: 04:59:16 08/27/13 Tue

Options.MarketWatch
Think manufacturing is dead? Not so fast, say columnists Vincent Vittorio and Nathaniel McGill. "We're confident that manufacturing is not dying in America but on the cusp of resurgence."

Here's why: http://on.mktw.net/14xHFxL
Like · · Share · 3032 · 27 minutes ago · Top Comments30 people like this...2 shares.Write a comment....Don Hanzlik "on the cusp of resurgence" suggests it has all but died and will take more than a few years to become a valuable segment of the economy.Like · Reply · 1 · 11 minutes ago..Flash Flood Yeppums...Make it now, before the chinese learn how too.Like · Reply · about a minute ago..View 1 more comment..Options.MarketWatch
Want to save on Thanksgiving travel? Book now. Rick Seaney of FareCompare here: http://on.mktw.net/15cO3pI
Like · · Share · 913 · 2 hours ago · 9 people like this..3 shares.Write a comment....Minehaha Cebrian Any suggestion where to spend Thanksgiving for a single traveler? :)Like · Reply · 2 hours ago..Options.Landmark News
What is the most important apology you have ever recieved?

Like · · Share · 34 · 2 hours ago ·
[> Subject: Re: Archive Sunday 24/2/2013MarketWatchWant to save on Thanksgiving travel?


Author:
Tuesday 27/7/2013 LBJ==Murdoch Phone Hacker
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Date Posted: 05:01:20 08/27/13 Tue

MarketWatch
Want to save on Thanksgiving travel? Book now. Rick Seaney of FareCompare here: http://on.mktw.net/15cO3pI
Like · · Share · 713 · about an hour ago ·

7 people like this.
3 shares


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Minehaha Cebrian Any suggestion where to spend Thanksgiving for a single traveler? :)
Like · Reply · about an hour ago
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What is the most important apology you have ever recieved?

Like · · Share · 24 · about an hour ago ·

2 people like this.
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Victoria Taylor My mother said. "If I HAD known, he'd be dead".
about an hour ago via mobile · Like · 1


Abbe James My son Michael Bonanno and how he felt growing up.
about an hour ago via mobile · Like


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USA TODAY
An Ohio hospital is seeking limited guardianship over a 10-year-old Amish girl with leukemia, after her parents decided to stop her chemotherapy: http://usat.ly/14xxp8S
Like · · Share · 1,009128142 · about an hour ago ·

Top Comments
1,009 people like this.
142 shares


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Adrianne Denise King Ethics are the biggest/hardest topic/situation in the medical field . ,what would you do in this situation?
Like · Reply · 1 · about an hour ago via mobile

USA TODAY replied · 2 Replies · 21 minutes ago


Victor Lamas Sad situation!
Like · Reply · 43 minutes ago via mobile


USA TODAY It really is, Victor.
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Cosmopolitan Magazine
If Khloe Kardashian and Lamar Odom divorce, we will cry for days! http://cosm.ag/6033w36X

Like · · Share · 420841 · 2 hours ago ·

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420 people like this.
1 share


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Moni Aris I will cry for days as I will not be able to escape the constant media coverage of these non-entities.
Like · Reply · 37 · 2 hours ago via mobile


Danielle. Pruitt HA HA
Like · 31 minutes ago


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Ashley Dayton-Hicks I'm sure you can find many other things to cry about and stuff MUCH MUCH more important. I don't even consider this news because no one cares about the Kardashian Klan
Like · Reply · 16 · 2 hours ago
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2 of 84
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MarketWatch
Think manufacturing is dead? Not so fast, say columnists Vincent Vittorio and Nathaniel McGill. "We're confident that manufacturing is not dying in America but on the cusp of resurgence."

Here's why: http://on.mktw.net/14xHFxL
Subject: Phillipines on ABCTV


Author:
Tuesday 27/8/2013
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Date Posted: 03:24:13 08/27/13 Tue

Subject: 127=lowMonday 26/8/2013 start fin week 9 calendar 35==total44==waning Gibbous


Author:
Women in the United States were granted the right to vote on August 26, 1920, when the 19th Amendment to the United States Constitution was certified
[ Edit | View ]

Date Posted: 03:23:09 08/27/13 Tue

Women's Equality Day
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Women's Equality Day


Page 1 of House Bill
Observed by United States
Type Historical
Significance Anniversary of 19th Amendment giving women the right to vote
Date August 26

Women's Equality Day is a day proclaimed each year by the United States President to commemorate the granting of the vote to women throughout the country on an equal basis with men. Women in the United States were granted the right to vote on August 26, 1920, when the 19th Amendment to the United States Constitution was certified. The amendment was first introduced many years earlier in 1878. Every president has published a proclamation for Women's Equality Day since 1971 when legislation was first introduced in Congress by Bella Abzug.[1] This resolution was passed designating August 26 of each year as Women's Equality Day.[2]

Contents
[hide]
1 Full text of resolution
2 See also
3 External links
3.1 Presidential Proclamations of Women's Equality Day
4 References
Full text of resolution[edit source | editbeta]
Joint Resolution of Congress, 1971[2] Designating August 26 of each year as Women's Equality Day

WHEREAS, the women of the United States have been treated as second-class citizens and have not been entitled the full rights and privileges, public or private, legal or institutional, which are available to male citizens of the United States; and [2]
WHEREAS, the women of the United States have united to assure that these rights and privileges are available to all citizens equally regardless of sex; [2]
WHEREAS, the women of the United States have designated August 26, the anniversary date of the passage of the Nineteenth Amendment, as symbol of the continued fight for equal rights: and [2]
WHEREAS, the women of United States are to be commended and supported in their organizations and activities, [2]
NOW, THEREFORE, BE IT RESOLVED, the Senate and House of Representatives of the United States of America in Congress assembled, that August 26 of each year is designated as "Women's Equality Day," and the President is authorized and requested to issue a proclamation annually in commemoration of that day in 1920, on which the women of America were first given the right to vote, and that day in 1970, on which a nationwide demonstration for women's rights took place.[2]
See also[edit source | editbeta]
Timeline of women's suffrage
Susan B. Anthony Day
External links[edit source | editbeta]
Presidential Proclamations of Women's Equality Day[edit source | editbeta]
1972
2008
2010
2011
2012
National Archives – 19th Amendment
References[edit source | editbeta]
^ "Women's Equality Day - August 26". About.com. Retrieved June 30, 2012.
^ a b c d e f g "What is Women's Equality Day?". National Women's History Project. Retrieved June 30, 2012.
Subject: 127=lowMonday 26/8/2013 start fin week 9 calendar 35==total44


Author:
Heroes Day Phillipines Voda Time Tuesday 12/6/2012 TBI 1996
[ Edit | View ]

Date Posted: 03:21:22 08/27/13 Tue

Public holidays in the Philippines
From Wikipedia, the free encyclopedia
Jump to: navigation, search
This is a list of public holidays in the Philippines.

Contents
[hide]
1 Holiday types
2 Nationwide observance
2.1 Regular holidays
2.2 Special non-working days
2.3 Special holiday
2.4 Defunct holidays
3 "Holiday Economics"
4 Local holidays
5 References
Holiday types[edit source | editbeta]
The Labor Code of the Philippines specifies two types of holidays: the "regular holiday" and the "special non-working day".

Type Pay if...
Did not work Did work
Regular holiday 100% of daily wage 200% of daily wage
Special non-working day not paid 130% of daily wage

Aside from these, an employee shall be given additional pay if the holiday falls on his rest day (additional 30%), or if he works overtime (additional 25% per hour; additional 30% per hour if on a rest day).

Nationwide observance[edit source | editbeta]
Regular holidays[edit source | editbeta]
Date English name Filipino name Date movability Details
January 1[1] New Year's Day Araw ng Bagong Taon Fixed date Celebrates the first day of the year in Gregorian calendar. It is widely celebrated in the Philippines.
March 28[1] (2013) Maundy Thursday Huwebes Santo Movable date Maundy Thursday is a day of the Holy Week (Tagalog: Mahal na Araw; Spanish: Semana Santa). This holy day commemorates the Last Supper of Jesus Christ with the Apostles.
March 29[1] (2013) Good Friday Biyernes Santo Movable date Good Friday is a day of the Holy Week or Mahal na Araw. This holiday commemorates the crucifixion of Jesus Christ.
April 9[1] Day of Valor Araw ng Kagitingan Fixed date Commemorates Fall of Bataan during Japanese invasion of the Philippines during World War II and by extension Fall of Corregidor, the Bataan Death March and the courage of the Filipino and American soldiers during World War II. In 2009, Araw ng Kagitingan fell on Maundy Thursday so it was moved to April 6. .[2]
May 1[1] Labor Day Araw ng mga Manggagawa Fixed date Celebrates workers. The first Labour Day celebrations were held in the Philippines on May 1, 1903 in a mammoth rally in front of Malacañan Palace staged by the Union Obrera Democratica (Democratic Laborer's Union), while pressing for workers’ economic rights.
June 12[1] Independence Day Araw ng Kalayaan Fixed date Celebrates the Philippine Declaration of Independence by Emilio Aguinaldo on June 12, 1898.
August 26[1] (2013) National Heroes' Day Araw ng mga Bayani Movable date Commemorates all the nation's heroes throughout history. It is a regular holiday marking the 1896 Cry of Pugad Lawin by the Katipunan, led by its Supremo Andrés Bonifacio, which began the Philippine Revolution. This holiday happens every Last Monday of August.
November 30[1] Bonifacio Day Araw ng Kapanganakan ni Bonifacio Fixed date Commemorates the birth of national hero Andrés Bonifacio on November 30, 1863. Bonifacio is remembered on his birthday, rather than the date of his death, 10 May 1897, for historical reasons. Unlike Rizal and other heroes who died at the hands of foreign persons, Bonifacio was executed by the Philippine government. Gen. Emilio Aguinaldo ordered his execution, as he was considered an enemy of the state after the events at the Tejeros Convention. Often confused with National Heroes' Day.
December 25[1] Christmas Day Araw ng Pasko Fixed date Celebrates the birth of Jesus Christ. As the majority of Filipinos are Christians, Christmas in the Philippines is one of the longest in the world, stretching from as early as September until the last week of January.[citation needed] Along with Holy Week, it is one of the most important holidays of the year.
December 30[1] Rizal Day Araw ng Kabayanihan ni Dr. Jose Rizal Fixed date Commemorates the execution of national hero José Rizal by Spanish colonial authorities on December 30, 1896.

Special non-working days[edit source | editbeta]
Date English name Filipino name Date movability Details
March 30 (2013) Black Saturday Sabado de Gloria Movable date Black Saturday is a day of the Holy Week or Mahal na Araw. It commemorates the laying of Jesus Christ's body in the tomb.
May 13 (2013) Election Day Araw ng Halalan Second Monday of May Election Day of the 2013 Philippine general election.
August 21 Ninoy Aquino Day Araw ng Kabayanihan ni Ninoy Aquino Fixed date Commemorates the assassination of former Sen. Ninoy Aquino in 1983.
November 1 All Saints' Day Araw ng mga Santo Fixed date Filipinos observed this day by visiting the graves of deceased relatives. It is also known as Undas, Todos los Santos and sometimes Araw ng mga Patay which is actually the next day.
November 2 All Souls' Day Araw ng mga Patay Fixed date People who didn't get to visit the tombs of their dead relatives go on this day.
December 24 Christmas Eve Bisperas ng Pasko Fixed date It is the day before Christmas.
December 31 New Year's Eve Bisperas ng Bagong Taon Fixed date Legally known as the Last Day of the Year or Huling Araw ng Taon. It is also the day before New Year.

Special holiday[edit source | editbeta]
This special day is only applicable for schools.

Date English name Filipino name Date movability Details
February 25[1] EDSA Revolution Anniversary Anibersaryo ng Rebolusyon sa EDSA Fixed date A special non-working holiday in recent years to celebrate the People Power Revolution, it hasn't been made a regular yearly holiday. It is a special holiday only for schools, either private or public schools since 2010.[3]

Defunct holidays[edit source | editbeta]
Date English name Filipino name Date movability Details
February 2 Constitution Day Araw ng Saligang Batas Movable date a non-working holiday on February 2, 2002, in commemoration of the 15th anniversary of the approval of the 1987 Philippine Constitution.
February 10 Chinese New Year Bagong Taon ng mga Tsino Movable date This holiday commemorates the Chinese's end of winter season.
May 24 Vesak Day Araw ng Bisyak Movable date Marks three important events in the life Gautama Buddha: His birth in 583 B.C., His Enlightenment, and His entering into Parinirvana (the passing away of His physical body). President Gloria Macapagal Arroyo on March 29, 2001, through the initiative of the Universal Wisdom Foundation, signed Proclamation No. 24 declaring the full moon day of May every year as Vesak Day in the Philippines.
June 19 Jose Rizal's birthday Araw ng Kapanganakan ni Jose Rizal Movable date Declared on June 19, 1961 by President Carlos P. García in commemoration of the 100th birth anniversary of José Rizal. It was again declared as an special non-working holiday in June 20, 2011 (Monday) by President Benigno Aquino III for Rizal's 150th birth anniversary requested by the National Historical Commission of the Philippines.[4]
July 27 Iglesia ni Cristo Day Araw ng Iglesia ni Cristo Fixed date In keeping with Republic Act No. 9645, signed into law on June 12, 2009, July 27 was designated as a special national working holiday starting from 2009 and every year thereafter in recognition of the founding anniversary of the Iglesia ni Cristo in the Philippines.[5] It is the biggest indigenous Christian church in Asia.
October 21 National Day of Celebration Araw ng Pagdiriwang Movable date Presidential Proclamation No. 481 declaring Sunday, October 21, 2012 as a national day of celebration due to the canonization of Pedro Calungsod.[6]

"Holiday Economics"[edit source | editbeta]
Former President Gloria Macapagal-Arroyo usually issues proclamations moving the holiday to Friday if a holiday falls on a Wednesday or Thursday, or to Monday if a holiday falls on a Tuesday. The sole purpose is to enable government and private employees to enjoy a three day weekend holiday. President Gloria Macapagal-Arroyo, coining the term holiday economics, introduced the policy in 2001 to reduce disruption to business and production schedules, encourage domestic tourism and give employees long weekends.[7] In 2004 she issued a proclamation making Christmas Eve as special non-working holiday and December 27, the Monday after Christmas as special non-working holiday.

On July 25, 2007, President Gloria Macapagal-Arroyo signed into law Republic Act (RA) 9492 also known as "An Act Rationalizing the Celebration of National Holidays", designating 11 Regular Holidays and three Nationwide Special Holidays.[8] Specific dates or days for celebration are designated. The law provides that holidays falling on a Wednesday will be observed on the Monday of the week and that holidays falling on a Sunday, the holiday will be observed on the Monday that follows. Three holidays (Maundy Thursday, Good Friday, and Eidul Fitr) are designated as having movable dates, and the law provides that for movable holidays the President shall issue a proclamation, at least six months prior to the holiday concerned, the specific date that shall be declared as a non-working day. Though it was allowed by RA 9492, Labor Day was never moved to another date by President Arroyo at the request of labor groups.[9]

While Arroyo's "holiday economics" has been praised for boosting domestic tourism and for encouraging more quality time among members of Filipino families, businessmen are complaining over lost productivity and the hassle of preparing mandatory holiday and overtime salaries in a short period of time. Others deplored it as presidential tinkering with history via executive fiat.[7]

The final two weeks of 2008 have the largest number of holidays based on Presidential Proclamation 1463[10] with offices closed from December 25, 2008 until January 4, 2009.

The current President Benigno Aquino III decided to stay away from "holiday economics" to commemorate the holidays on their original dates and to avoid disruptions to the economy.[11][12]

Local holidays[edit source | editbeta]
Philippine cities, municipalities, or barangays, often observe one or more holidays. Being a predominantly Catholic country, these are usually the feasts of the locale's one or more patron saints.

Secular observances usually mark a government's founding day or the birth or death of a prominent native. These are often celebrated with parades, processions, entertainment, and feasting, as well as whatever local customs are traditional.

Local holidays for the most part are applicable only to the immediate area concerned, and barangay fiestas do not usually warrant a public holiday for the area unless otherwise ordered
Subject: 127=lowMonday 26/8/2013 start fin week 9 calendar 35==total44


Author:
Red Flag day Namibia=127 low waning gibbous
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Date Posted: 03:19:32 08/27/13 Tue

Herero Day
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Not to be confused with Heroes' Day (Namibia).


Samuel Maharero, Chief of the Herero, during the Herero and Namaqua Genocide, 1904
Herero Day (also known as Red Flag Day and Red Flag Heroes' Day, Otjiherero: Otjiserandu)[1] is a gathering of the Herero people of Namibia to commemorate their deceased chieftains. It is held in Okahandja in central Namibia annually on August 26, the day and place Herero chief Samuel Maharero's body was reburied alongside his ancestors in 1923.[2] Accordingly, the celebrations last three days long, although they usually begin on the Sunday nearest the 23rd.[3]

Contents
[hide]
1 Background
2 Proceedings
3 Heroes' Day
4 References
Background[edit source | editbeta]
The Battle of Waterberg on 11 August 1904 was the final battle of the Herero Wars. Following the defeat of the Herero force, the surviving Hereros fled into the Kalahari Desert under the leadership of Samuel Maharero. Of the estimated 4-6,000 Herero warriors, only 1,175 reached their destination of British Bechuanaland, the rest died of thirst, hunger, and diseases.[4][5]

Samuel Maharero gained British asylum at the Bechuanaland Protectorate and lived in exile at Tsau until 1907, and later in the Transvaal.[5] Only after he died on 14 March 1923 was his body relocated to South-West Africa. His remains arrived at Okahandja on 23 August 1923, and on 26 August he was reburied there.[2]



Monument to Herero Chiefs in Okahandja: Gravestone of Tjamuaha, Maharero, and Samuel Maharero
Proceedings[edit source | editbeta]
Herero Day is held as a gesture of defiance against German colonisation.[2] The main event of the 3-day gathering is a procession to several graves of Herero chiefs, followed by a church service. The men wear military-style phantasy uniforms, the women wear the traditional dress of the Herero, a voluminous skirt of many layers with a "horned hat", headgear consisting of two wide points.[3]

Heroes' Day[edit source | editbeta]
Main article: Heroes' Day (Namibia)
On August 26, the same day as the one on which Samuel Maharero was reburied in 1923, Namibia celebrates Heroes' Day, a national holiday commemorating the Namibian War of Independence which began on 26 August 1966 at Omugulugwombashe. The Herero Day assembly typically does not take place exactly on August 26 to give high-ranking government officials with Herero descent the opportunity to attend both events.

References[edit source | editbeta]
^ Kazondovi, Lorraine (25 June 2013). "Chiefs to meet over Red Flag Heroes Day". New Era. Archived from the original on 26 June 2013.
^ a b c 1923 in Namibia KlausDierks.com
^ a b Irwing, Keith (ed.). "Herero Day, Namibia". namibia-1-on-1.com. Retrieved 25 June 2013.
^ Irwing, Keith (ed.). "The Battle of Waterberg, part 1". namibia-1-on-1.com. Retrieved 25 June 2013.
^ a b Irwing, Keith (ed.). "The Battle of Waterberg, part 2". namibia-1-on-1.com. Retrieved 25 June 2013.
Subject: 127=lowMonday 26/8/2013 start fin week 9 calendar 35==total44


Author:
Declaration of the Rights of Man and of the Citizen26 August 1789. (confusedAssangeTV=waningGibbous)
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Date Posted: 03:17:58 08/27/13 Tue

Declaration of the Rights of Man and of the Citizen
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Not to be confused with Declaration of the Rights of Man and Citizen of 1793.

The Declaration of the Rights of Man and of the Citizen was approved by the National Constituent Assembly of France, 26 August 1789.The Declaration of the Rights of Man and of the Citizen, or Declaration of Human and Civic Rights (French: Déclaration des droits de l'homme et du citoyen) is a fundamental document of the French Revolution and in the history of human rights, defining the individual and collective rights of all the estates of the realm as universal. Influenced by the doctrine of "natural right", the rights of man are held to be universal: valid at all times and in every place, pertaining to human nature itself.

Contents [hide]
1 History
2 Philosophic and theoretical context
3 Substance
3.1 Active and Passive Citizenship
3.2 Women's rights
3.3 Slavery
4 Legacy
4.1 Constitution of the French Fifth Republic
4.2 Conspiracy theories
5 Other early declarations of rights
6 See also
7 References
8 Further reading
9 Notes
10 External links
History[edit source | editbeta]The last article of the Declaration of the Rights of Man and the Citizen was adopted on 26 August 1789,[1] by the National Constituent Assembly (Assemblée nationale constituante), during the period of the French Revolution, as the first step toward writing a constitution for France. Inspired by the Enlightenment, the original version of the Declaration was discussed by the representatives on the basis of a 24 article draft proposed by the sixth bureau,[2][3] led by Jérôme Champion de Cicé. The draft was later modified during the debates. A second and lengthier declaration, known as the Declaration of the Rights of Man and Citizen of 1793 was later adopted.

Philosophic and theoretical context[edit source | editbeta]The concepts in the Declaration come from the philosophical and political duties of the Enlightenment, such as individualism, the social contract as theorized by the French philosopher Rousseau, and the separation of powers espoused by the Baron de Montesquieu. As can be seen in the texts, the French declaration is heavily influenced by the political philosophy of the Enlightenment, and by Enlightenment principles of human rights, some of which it shares with the U.S. Declaration of Independence which preceded it (4 July 1776). Thomas Jefferson, primary author of the U.S. Declaration of Independence, was at the time in France as a U.S. diplomat,[4] and was in correspondence with members of the French National Constituent Assembly. James Madison's proposal for a U.S. Bill of Rights was adopted by the U.S. House of Representatives on 21 August 1789,[5][6] that is 5 days before the French declaration. Considering the speed at which information crossed the Atlantic Ocean in the 18th century, it can be assumed that the French declaration was not directly inspired by its US counterpart in the sense that it was made after the American Constitution. However as far as it concerns the authorship and the people who influenced its content, it was exactly the same people who took part in shaping both documents, Lafayette admired Jefferson and Jefferson found him useful which shows the reverence Lafayette had for Jefferson. In Jefferson's own words(12.16.1786; Boyd 1950- 10: 602).:

"The Marquis de La Fayette is a most valuable auxiliary to me. His zeal is unbounded, & his weight with those in power, great. His education having been merely military, commerce was an unknown field to him. But his good sense enabling him to comprehend perfectly whatever is explained to him, his agency has been very efficacious. He has a great deal of sound genius, is well remarked by the King, & rising in popularity. He has nothing against him, but the suspicion of republican principles. I think he will one day be of the ministry. His foible is, a canine appetite for popularity and fame; but he will get above this." (1.30.1787; Peterson 1984, p. 885. Italicized passages sent in code.)

According to Iain McLean: "Lafayette was thus the ideal tool for Jefferson’s interests as they broadened from American trade to French politics."

The declaration is in the spirit of what has come to be called "secular natural law", which does not base itself on religious doctrine or authority, in contrast with traditional natural law theory, which does.[7]

The declaration defines a single set of individual and collective rights for all men. Influenced by the doctrine of natural rights, these rights are held to be universal and valid in all times and places. For example, "Men are born and remain free and equal in rights. Social distinctions may be founded only upon the general good."[8] They have certain natural rights to property, to liberty and to life. According to this theory the role of government is to recognize and secure these rights. Furthermore government should be carried on by elected representatives.[7]

At the time of writing, the rights contained in the declaration were only awarded to men. Furthermore, the declaration was a statement of vision rather than reality. The declaration was not deeply rooted in either the practice of the West or even France at the time. The declaration emerged in the late 18th Century out of war and revolution. It encountered opposition as democracy and individual rights were frequently regarded as synonymous with anarchy and subversion. The declaration embodies ideals and aspirations towards which France pledged to struggle in the future.[9]

Substance[edit source | editbeta]The Declaration is introduced by a preamble describing the fundamental characteristics of the rights which are qualified as being "natural, unalienable and sacred" and consisting of "simple and incontestable principles" on which citizens could base their demands. In the second article, "the natural and imprescriptible rights of man" are defined as "liberty, property, security and resistance to oppression". It called for the destruction of aristocratic privileges by proclaiming an end to exemptions from taxation, freedom and equal rights for all human beings (referred to as "Men"), and access to public office based on talent. The monarchy was restricted, and all citizens were to have the right to take part in the legislative process. Freedom of speech and press were declared, and arbitrary arrests outlawed.[10]

The Declaration also asserted the principles of popular sovereignty, in contrast to the divine right of kings that characterized the French monarchy, and social equality among citizens, "All the citizens, being equal in the eyes of the law, are equally admissible to all public dignities, places, and employments, according to their capacity and without distinction other than that of their virtues and of their talents," eliminating the special rights of the nobility and clergy.

Articles:

Men are born and remain free and equal in rights. Social distinctions may be founded only upon the general good.
The aim of all political association is the preservation of the natural and imprescriptible rights of man. These rights are liberty, property, security, and resistance to oppression.
The principle of all sovereignty resides essentially in the nation. No body nor individual may exercise any authority which does not proceed directly from the nation.
Liberty consists in the freedom to do everything which injures no one else; hence the exercise of the natural rights of each man has no limits except those which assure to the other members of the society the enjoyment of the same rights. These limits can only be determined by law.
Law can only prohibit such actions as are hurtful to society. Nothing may be prevented which is not forbidden by law, and no one may be forced to do anything not provided for by law.
Law is the expression of the general will. Every citizen has a right to participate personally, or through his representative, in its foundation. It must be the same for all, whether it protects or punishes. All citizens, being equal in the eyes of the law, are equally eligible to all dignities and to all public positions and occupations, according to their abilities, and without distinction except that of their virtues and talents.
No person shall be accused, arrested, or imprisoned except in the cases and according to the forms prescribed by law. Any one soliciting, transmitting, executing, or causing to be executed, any arbitrary order, shall be punished. But any citizen summoned or arrested in virtue of the law shall submit without delay, as resistance constitutes an offense.
The law shall provide for such punishments only as are strictly and obviously necessary, and no one shall suffer punishment except it be legally inflicted in virtue of a law passed and promulgated before the commission of the offense.
As all persons are held innocent until they shall have been declared guilty, if arrest shall be deemed indispensable, all harshness not essential to the securing of the prisoner's person shall be severely repressed by law.
No one shall be disquieted on account of his opinions, including his religious views, provided their manifestation does not disturb the public order established by law.
The free communication of ideas and opinions is one of the most precious of the rights of man. Every citizen may, accordingly, speak, write, and print with freedom, but shall be responsible for such abuses of this freedom as shall be defined by law.
The security of the rights of man and of the citizen requires public military forces. These forces are, therefore, established for the good of all and not for the personal advantage of those to whom they shall be entrusted.
A general tax is indispensable for the maintenance of the public force and for the expenses of administration; it ought to be equally apportioned among all citizens according to their means.[11]
All the citizens have a right to decide, either personally or by their representatives, as to the necessity of the public contribution; to grant this freely; to know to what uses it is put; and to fix the proportion, the mode of assessment and of collection and the duration of the taxes.
Society has the right to require of every public agent an account of his administration.
A society in which the observance of the law is not assured, nor the separation of powers defined, has no constitution at all.
Property being an inviolable and sacred right, no one can be deprived of it, unless demanded by public necessity, legally constituted, explicitly demands it, and under the condition of a just and prior indemnity.
Active and Passive Citizenship[edit source | editbeta]While the French Revolution provided rights to a larger portion of the population, there remained a distinction between those who obtained the political rights in the Declaration of the Rights of Man and Citizen and those who did not. Those who were deemed to hold these political rights were called active citizens. Active citizenship was granted to men who were French, at least 25 years old, paid taxes equal to three days work, and could not be defined as servants (Thouret).[12] This meant that at the time of the Declaration only male property owners held these rights.[13] The deputies in the National Assembly (French Revolution) believed that only those who held tangible interests in the nation could make informed political decisions.[14] This distinction directly affects articles 6, 12, 14, and 15 of the Declaration of the Rights of Man and Citizen as each of these rights is related to the right to vote and to participate actively in the government. With the decree of 29 October 1789, the term active citizen became embedded in French politics.[15]

The concept of passive citizens was created to encompass those populations that had been excluded from political rights in the Declaration of the Rights of Man and Citizen. Because of the requirements set down for active citizens, the vote was granted to approximately 4.3 million Frenchmen.[15] out of a population of around 29 million.[16] These omitted groups included women, slaves, children, and foreigners. As these measures were voted upon by the General Assembly, they limited the rights of certain groups of citizens while implementing the democratic process of the new French Republic (1792–1804).[14] This legislation, passed in 1789, was amended by the creators of the Constitution of 1795 in order to eliminate the label of active citizen.[17] The power to vote was then, however, to be granted solely to substantial property owners.[17]

Tensions arose between active and passive citizens throughout the Revolution. This happened when passive citizens started to call for more rights, or when they openly refused to listen to the ideals set forth by active citizens. This cartoon clearly demonstrates the difference that existed between the active and passive citizens along with the tensions associated with such differences.[18] In the cartoon, a passive citizen is holding a spade and a wealthy landowning active citizen is ordering the passive citizens to go to work. The act appears condescending to the passive citizen and it revisits the reasons why the French Revolution began in the first place.

Women, in particular, were strong passive citizens who played a significant role in the Revolution. Olympe de Gouges penned her Declaration of the Rights of Woman and the Female Citizen in 1791 and drew attention to the need for gender equality.[19] By supporting the ideals of The French Revolution and wishing to expand them to women, she represented herself as a revolutionary citizen. Madame Roland also established herself as an influential figure throughout the Revolution. She saw women of The French Revolution as holding three roles; “inciting revolutionary action, formulating policy, and informing others of revolutionary events.”[20] By working with men, as opposed to working separate from men, she may have been able to further the fight of revolutionary women. As players in The French Revolution, women occupied a significant role in the civic sphere by forming social movements and participating in popular clubs, allowing them societal influence, despite their lack of direct political influence.[21]

Women's rights[edit source | editbeta]The Declaration recognized many rights as belonging to citizens (who could only be male). This was despite the fact that after The March on Versailles on 5 October 1789, women presented the Women's Petition to the National Assembly in which they proposed a decree giving women equality.[citation needed] In 1790 Nicolas de Condorcet and Etta Palm d'Aelders unsuccessfully called on the National Assembly to extend civil and political rights to women.[22] Condorcet declared that “and he who votes against the right of another, whatever the religion, color, or sex of that other, has henceforth abjured his own”.[23] The French Revolution did not lead to a recognition of women’s rights and this prompted Olympe de Gouges to publish the Declaration of the Rights of Woman and the Female Citizen in September 1791.[24]

The Declaration of the Rights of Woman and the Female Citizen is modelled on the Declaration of the Rights of Man and of the Citizen and is ironic in formulation and exposes the failure of the French Revolution, which had been devoted to equality. It states that:

“This revolution will only take effect when all women become fully aware of their deplorable condition, and of the rights they have lost in society”.

The Declaration of the Rights of Woman and the Female Citizen follows the seventeen articles of the Declaration of the Rights of Man and of the Citizen point for point and has been described by Camille Naish as “almost a parody... of the original document”. The first article of the Declaration of the Rights of Man and of the Citizen proclaims that:

“Men are born and remain free and equal in rights. Social distinctions may be based only on common utility.”

The first article of Declaration of the Rights of Woman and the Female Citizen replied:

“Woman is born free and remains equal to man in rights. Social distinctions may only be based on common utility”.

De Gouges also draws attention to the fact that under French law women were fully punishable, yet denied equal rights, declaring “Women have the right to mount the scaffold, they must also have the right to mount the speaker’s rostrum”.[25]

Slavery[edit source | editbeta]The declaration did not revoke the institution of slavery, as lobbied for by Jacques-Pierre Brissot's Les Amis des Noirs and defended by the group of colonial planters called the Club Massiac because they met at the Hôtel Massiac.[26] Despite the lack of explicit mention of slavery in the Declaration, slave uprisings in Saint-Domingue that would later be known as the beginning of the Haitian Revolution took inspiration from its words, as discussed in C. L. R. James' history of the Haitian Revolution, The Black Jacobins.[citation needed] Deplorable conditions for the thousands of slaves in Saint-Domingue, the most profitable slave colony in the world, also led to the uprisings which would be known as the first successful slave revolt in the New World. Slavery in the French colonies was abolished by the Convention dominated by the Jacobins in 1794. However, Napoleon reinstated it in 1802. The colony of Saint-Domingue declared its independence in 1804.

Legacy[edit source | editbeta]The declaration has also influenced and inspired rights-based liberal democracy throughout the world. It was translated as soon as 1793–94 by Colombian Antonio Nariño, who published it despite the Inquisition and was sentenced to be imprisoned for ten years for doing so. In 2003, the document was listed on UNESCO's Memory of the World register.

Constitution of the French Fifth Republic[edit source | editbeta]Main article: Constitution of the French Fifth Republic
According to the preamble of the Constitution of the French Fifth Republic (adopted on 4 October 1958, and the current constitution), the principles set forth in the Declaration have constitutional value. Many laws and regulations have been canceled because they did not comply with those principles as interpreted by the Conseil Constitutionnel ("Constitutional Council of France") or by the Conseil d'État ("Council of State").

Taxation legislation or practices that seem to make some unwarranted difference between citizens are struck down as unconstitutional.
Suggestions of positive discrimination on ethnic grounds are rejected because they infringe on the principle of equality, since they would establish categories of people that would, by birth, enjoy greater rights.
Conspiracy theories[edit source | editbeta]The Eye of Providence represents the sun 'shining' on the laws and fueled several conspiracy theories, for instance that the French Revolution was caused by occult groups.[27][28][better source needed]

Other early declarations of rights[edit source | editbeta]Poland: Henrician Articles and Pacta Conventa (1573)
England: Magna Carta (1215), Bill of Rights of 1689
Scotland: Claim of Right (1689)
Belgium: Declaration of the Rights of Man and Citizen of Franchimont (1789)
United States: United States Bill of Rights (1791)
Subject: To: NasdaqOPtionExpiry Saturday 24/8/2013


Author:
To: ProfitReportThur21/2=84
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Date Posted: 22:35:34 08/24/13 Sat

To: NasdaqOPtionExpiry
Sent: Saturday, August 24, 2013 21:29
Subject: Rotation Outrage Chemical weapons Syria


CMC
26 Days Monday 29/7/2013---28 days Saturday 21/9/2013
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6 months
1) 4/4/2013==2) 25/2/2013
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12 months
1) 4/4/2013==2) 7/11/2012==3) 24/8/2012==Friday
===================
All Avalaiable
==================
1) 4/4/2013 2) 7/11/2012==3) 20/6/2012==4) 25/1/2012==5) 2/8/2011 Dollywood==6)11/4/2011==7)19/10/2010==8)31/5/2010==9) 5/1/2010==10) 15/8/2009
11)24/3/2009==12)28/10/2008==13)10/6/2008==14) 15/1/2008==15)25/8/2007==16) 30/3/2007==17) 6/11/2007==18)23/6/2006==19) 1/2/2006==20) 8/9/2005
====================
2000 trade days.
====================
row 21==Friday 2/9/2005==to Wednesday 7/9/2005
====================
Yahoo.
1)==
To: Yahoo
Sent: Saturday, August 24, 2013 21:04
Subject: US HK Wednesday 22/5/2013==I miss you babe syrian rebels
====================
2)
To: Yahoo
Sent: Saturday, August 24, 2013 21:03
Subject: All Ords ASX200 NZ UK Japan Thursday 23/5/2013==Warning Syria concern
===================
3)
To: Yahoo
Sent: Saturday, August 24, 2013 21:03
Subject: Qantas Germany France Friday 24/5/2013 Snails
===============
1963 St George Verses Wests
Stgeorge Webjet Tigers (on screen shops Richmond)
News Jo De Messina Kumi Taguchi ABC.
Uncle Tobys Gourmet Oats
New Coles Instannt packed food range heat up and serve Demo in store today==prices are down at Coles Unreal deals Mince on sale
Little red book Insurance car on Display
Dockets still have daffodil day on them Friday 23/8/2013---Cancer
===============
The big news foreign affairs wise possible miltary intervention Syria
All Blacks have retained the Bledisloe Cup
Essedon Drug supplement James Hird in the news coach
[> Subject: The moons cycle for Saturday 24/8/2013


Author:
Waning Gibbous.
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Date Posted: 22:37:01 08/24/13 Sat

[> [> Subject:


Author:
issue 439==edition Make Me smilePaul from Adelaide.Nasdaq Options
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Date Posted: 23:03:38 08/24/13 Sat

Friday 16/8/2013 to Thursday 29/8/2013==Dole day Qantas full year profit report lowest option 110 highest 135
16 August 2013 #439
Cover Story: Make Me Smile
Photograph © Matt Hoyle
Our annual fiction edition is here, and this year we present some truly fantastical interpretations of our theme, ‘Make Me Smile’. Inside you’ll find office pirates, apocalyptic bucket lists, slimy bosses and scentless monsters. We have chosen 13 standout stories from nearly 300 entries – a wonderful mixture of pitch-black humour, haunting tales and outlandish silliness. The design of the edition is also in keeping with the theme. In between stories, you’ll see some of the world’s funniest people photographed by US-based celebrity photographer Matt Hoyle. From covergirl Joanna Lumley to Ricky Gervais, Tim Minchin, Jennifer Saunders and John Cleese – we’re featuring great comedians striking grin-inducing poses. Best of all, the fiction edition has an extra 16 pages. Great fiction, funny photography and excellent value for money!

Also in this issue:
Our ‘Vendor Profile’ interviewee is Paul from Adelaide. And our ‘Streetsheet’ contributors are Stevo in Perth, Sharon and Dangerous Dave in Melbourne, John C in Brisbane, Daniel K in Adelaide and Jason in Sydney. Jason is also pictured hanging out with celebrity chefs Heston Blumenthal and Neil Perry.
[> [> [> Subject: Saturday 24/8/2013==Nasdaq OptionsThe naval Battle of the Eastern Solomons took place on 24–25 August 1942


Author:
Today's featured picture The Wood Duck
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Date Posted: 23:13:22 08/24/13 Sat


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The naval Battle of the Eastern Solomons took place on 24–25 August 1942, and was the third carrier battle of the Pacific campaign of World War II and the second major engagement fought between the United States Navy and the Imperial Japanese Navy during the Guadalcanal Campaign. As at Coral Sea and Midway, the ships of the two adversaries were never within sight of each other. Instead, all attacks were carried out by carrier- or land-based aircraft. After several damaging air attacks, the naval surface combatants from both the United States of America (U.S.) and Japan withdrew from the battle area without either side securing a clear victory. However, the U.S. and its allies gained tactical and strategic advantage. Japan's losses were greater and included dozens of aircraft and their experienced aircrews. Also, Japanese reinforcements intended for Guadalcanal were delayed and eventually delivered by warships rather than transport ships, giving the Allies more time to prepare for the Japanese counteroffensive and preventing the Japanese from landing heavy artillery, ammunition, and other supplies. (Full article...)

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Today's featured picture
The Wood Duck (Aix sponsa) is a species of duck, with adults averaging 47 to 54 cm (19 to 21 in) in length with a wingspan of 66 to 73 cm (26 to 29 in). Owing to their attractive colouration, the ducks have often been brought to Britain from their native North America; this specimen was photographed at St. James's Park in London.

Photograph: David Iliff
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[> [> [> [> Subject: 31st State=State of California Admission to Union September 9, 1850 Monday 2013==Michael Bubl'e 1975


Author:
Nickname(s): The Golden State Motto(s): Eureka[1] =Fire Yosemeite ABC Saturday 24/8/2013
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Date Posted: 23:23:01 08/24/13 Sat

State of California

Flag Seal

Nickname(s): The Golden State
Motto(s): Eureka[1]

Official language English
Spoken languages As of 2007

English only 57.4%[2]
Multilingual 32.8%[2]
Spanish or Spanish Creole or Ladino 28.5%[3]
Chinese 2.8%[3]
Tagalog 2.2%[3]

Demonym Californian
Capital Sacramento
Largest city Los Angeles
Largest metro Greater Los Angeles Area
Area Ranked 3rd
- Total 163,696 sq mi
(423,970 km2)
- Width 250 miles (400 km)
- Length 770 miles (1,240 km)
- % water 4.7
- Latitude 32‹ 32Œ N to 42‹ N
- Longitude 114‹ 8Œ W to 124‹ 26Œ W
Population Ranked 1st
- Total 38,041,430 (2012 est)[4]
- Density 242/sq mi (93.3/km2)
Ranked 11th
- Median household income US$61,021 (9th)
Elevation
- Highest point Mount Whitney[5][6][7][8]
14,505 ft (4,421.0 m)
- Mean 2,900 ft (880 m)
- Lowest point Badwater Basin in Death Valley[6][7]
−282[9] ft (−86.0 m)
Before statehood California Republic
Admission to Union September 9, 1850 (31st)
Governor Jerry Brown (D)
Lieutenant Governor Gavin Newsom (D)[10]
Legislature California State Legislature
- Upper house California State Senate
- Lower house California State Assembly
U.S. Senators Dianne Feinstein (D)
Barbara Boxer (D)
U.S. House delegation 38 Democrats, 15 Republicans (list)
Time zones Pacific Time Zone
- Standard time PST (UTC−8)
- Summer time (DST) PDT (UTC−7)
Abbreviations CA, Calif., Cali., US-CA
Website www.ca.gov
Subject: The meridian 98¡ã east of Greenwich82¡ã82nd meridian west


Author:
Mynanmar ABC24 News Drugs Ice speed
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Date Posted: 19:54:42 08/24/13 Sat

The meridian 98¡ã east of Greenwich is a line of longitude that extends from the North Pole across the Arctic Ocean, Asia, the Indian Ocean, the Southern Ocean, and Antarctica to the South Pole.

The 98th meridian east forms a great circle with the 82nd meridian west.



98th meridian east===Monday 8/4/2013
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98¡ã98th meridian east
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The meridian 98¡ã east of Greenwich is a line of longitude that extends from the North Pole across the Arctic Ocean, Asia, the Indian Ocean, the Southern Ocean, and Antarctica to the South Pole.

The 98th meridian east forms a great circle with the 82nd meridian west.

From Pole to Pole[edit source | editbeta]
Starting at the North Pole and heading south to the South Pole, the 98th meridian east passes through:

Co-ordinates Country, territory or sea Notes
90¡ã0¡äN 98¡ã0¡äE / 90.000¡ãN 98.000¡ãE / 90.000; 98.000 (Arctic Ocean) Arctic Ocean
80¡ã41¡äN 98¡ã0¡äE / 80.683¡ãN 98.000¡ãE / 80.683; 98.000 (Russia) Russia Komsomolets Island, Severnaya Zemlya
80¡ã38¡äN 98¡ã0¡äE / 80.633¡ãN 98.000¡ãE / 80.633; 98.000 (Laptev Sea) Laptev Sea
80¡ã6¡äN 98¡ã0¡äE / 80.100¡ãN 98.000¡ãE / 80.100; 98.000 (Russia) Russia October Revolution Island, Severnaya Zemlya
78¡ã49¡äN 98¡ã0¡äE / 78.817¡ãN 98.000¡ãE / 78.817; 98.000 (Kara Sea) Kara Sea
76¡ã7¡äN 98¡ã0¡äE / 76.117¡ãN 98.000¡ãE / 76.117; 98.000 (Russia) Russia
51¡ã23¡äN 98¡ã0¡äE / 51.383¡ãN 98.000¡ãE / 51.383; 98.000 (Mongolia) Mongolia
50¡ã53¡äN 98¡ã0¡äE / 50.883¡ãN 98.000¡ãE / 50.883; 98.000 (Russia) Russia For about 5 km
50¡ã50¡äN 98¡ã0¡äE / 50.833¡ãN 98.000¡ãE / 50.833; 98.000 (Mongolia) Mongolia For about 13 km
50¡ã43¡äN 98¡ã0¡äE / 50.717¡ãN 98.000¡ãE / 50.717; 98.000 (Russia) Russia
50¡ã2¡äN 98¡ã0¡äE / 50.033¡ãN 98.000¡ãE / 50.033; 98.000 (Mongolia) Mongolia
42¡ã41¡äN 98¡ã0¡äE / 42.683¡ãN 98.000¡ãE / 42.683; 98.000 (China) People's Republic of China Inner Mongolia
Gansu
Qinghai
Sichuan
Tibet
28¡ã17¡äN 98¡ã0¡äE / 28.283¡ãN 98.000¡ãE / 28.283; 98.000 (Myanmar) Myanmar (Burma)
25¡ã16¡äN 98¡ã0¡äE / 25.267¡ãN 98.000¡ãE / 25.267; 98.000 (China) People's Republic of China Yunnan
24¡ã3¡äN 98¡ã0¡äE / 24.050¡ãN 98.000¡ãE / 24.050; 98.000 (Myanmar) Myanmar (Burma)
19¡ã38¡äN 98¡ã0¡äE / 19.633¡ãN 98.000¡ãE / 19.633; 98.000 (Thailand) Thailand
17¡ã30¡äN 98¡ã0¡äE / 17.500¡ãN 98.000¡ãE / 17.500; 98.000 (Myanmar) Myanmar (Burma)
14¡ã17¡äN 98¡ã0¡äE / 14.283¡ãN 98.000¡ãE / 14.283; 98.000 (Indian Ocean) Indian Ocean Andaman Sea
12¡ã23¡äN 98¡ã0¡äE / 12.383¡ãN 98.000¡ãE / 12.383; 98.000 (Myanmar) Myanmar (Burma) Islands in the Mergui Archipelago, including Thayawthadangyi
11¡ã57¡äN 98¡ã0¡äE / 11.950¡ãN 98.000¡ãE / 11.950; 98.000 (Indian Ocean) Indian Ocean Andaman Sea
12¡ã23¡äN 98¡ã0¡äE / 12.383¡ãN 98.000¡ãE / 12.383; 98.000 (Myanmar) Myanmar (Burma) Islands in the Mergui Archipelago
11¡ã57¡äN 98¡ã0¡äE / 11.950¡ãN 98.000¡ãE / 11.950; 98.000 (Indian Ocean) Indian Ocean Andaman Sea - passing just west of the island of Bentinck Kyun, Myanmar
11¡ã27¡äN 98¡ã0¡äE / 11.450¡ãN 98.000¡ãE / 11.450; 98.000 (Myanmar) Myanmar (Burma) Islands in the Mergui Archipelago
11¡ã19¡äN 98¡ã0¡äE / 11.317¡ãN 98.000¡ãE / 11.317; 98.000 (Indian Ocean) Indian Ocean Andaman Sea - passing just west of the island of Lanbi Kyun, Myanmar
10¡ã33¡äN 98¡ã0¡äE / 10.550¡ãN 98.000¡ãE / 10.550; 98.000 (Myanmar) Myanmar (Burma) Islands in the Mergui Archipelago
10¡ã19¡äN 98¡ã0¡äE / 10.317¡ãN 98.000¡ãE / 10.317; 98.000 (Indian Ocean) Indian Ocean Andaman Sea - passing just west of the island of Zadetkyi Kyun, Myanmar
Strait of Malacca
4¡ã37¡äN 98¡ã0¡äE / 4.617¡ãN 98.000¡ãE / 4.617; 98.000 (Indonesia) Indonesia Island of Java
2¡ã14¡äN 98¡ã0¡äE / 2.233¡ãN 98.000¡ãE / 2.233; 98.000 (Indian Ocean) Indian Ocean Passing just east of the island of Nias, Indonesia
Passing just west of the Batu Islands, Indonesia
60¡ã0¡äS 98¡ã0¡äE / 60.000¡ãS 98.000¡ãE / -60.000; 98.000 (Southern Ocean) Southern Ocean
65¡ã33¡äS 98¡ã0¡äE / 65.550¡ãS 98.000¡ãE / -65.550; 98.000 (Antarctica) Antarctica Australian Antarctic Territory, claimed by Australia







82nd meridian west==Saturday March 23rd 2013
From Wikipedia, the free encyclopedia
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82¡ã82nd meridian west
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The meridian 82¡ã west of Greenwich is a line of longitude that extends from the North Pole across the Arctic Ocean, North America, the Gulf of Mexico, the Caribbean Sea, Central America, the Pacific Ocean, the Southern Ocean, and Antarctica to the South Pole.

The 82nd meridian west forms a great circle with the 98th meridian east.

From Pole to Pole[edit source | editbeta]
Starting at the North Pole and heading south to the South Pole, the 82nd meridian west passes through:

Co-ordinates Country, territory or sea Notes
90¡ã0¡äN 82¡ã0¡äW / 90.000¡ãN 82.000¡ãW / 90.000; -82.000 (Arctic Ocean) Arctic Ocean
82¡ã39¡äN 82¡ã0¡äW / 82.650¡ãN 82.000¡ãW / 82.650; -82.000 (Canada) Canada Nunavut ¡ª Ellesmere Island
76¡ã30¡äN 82¡ã0¡äW / 76.500¡ãN 82.000¡ãW / 76.500; -82.000 (Jones Sound) Jones Sound
75¡ã49¡äN 82¡ã0¡äW / 75.817¡ãN 82.000¡ãW / 75.817; -82.000 (Canada) Canada Nunavut ¡ª Devon Island
74¡ã28¡äN 82¡ã0¡äW / 74.467¡ãN 82.000¡ãW / 74.467; -82.000 (Lancaster Sound) Lancaster Sound
73¡ã44¡äN 82¡ã0¡äW / 73.733¡ãN 82.000¡ãW / 73.733; -82.000 (Canada) Canada Nunavut ¡ª Baffin Island
69¡ã53¡äN 82¡ã0¡äW / 69.883¡ãN 82.000¡ãW / 69.883; -82.000 (Lancaster Sound) Foxe Basin
69¡ã16¡äN 82¡ã0¡äW / 69.267¡ãN 82.000¡ãW / 69.267; -82.000 (Canada) Canada Nunavut ¡ª Melville Peninsula (mainland)
66¡ã52¡äN 82¡ã0¡äW / 66.867¡ãN 82.000¡ãW / 66.867; -82.000 (Lancaster Sound) Foxe Basin
64¡ã37¡äN 82¡ã0¡äW / 64.617¡ãN 82.000¡ãW / 64.617; -82.000 (Canada) Canada Nunavut ¡ª Southampton Island
63¡ã39¡äN 82¡ã0¡äW / 63.650¡ãN 82.000¡ãW / 63.650; -82.000 (Evans Strait) Evans Strait
62¡ã57¡äN 82¡ã0¡äW / 62.950¡ãN 82.000¡ãW / 62.950; -82.000 (Canada) Canada Nunavut ¡ª Coats Island
62¡ã41¡äN 82¡ã0¡äW / 62.683¡ãN 82.000¡ãW / 62.683; -82.000 (Hudson Bay) Hudson Bay
55¡ã0¡äN 82¡ã0¡äW / 55.000¡ãN 82.000¡ãW / 55.000; -82.000 (James Bay) James Bay
53¡ã3¡äN 82¡ã0¡äW / 53.050¡ãN 82.000¡ãW / 53.050; -82.000 (Canada) Canada Nunavut ¡ª Akimiski Island
52¡ã59¡äN 82¡ã0¡äW / 52.983¡ãN 82.000¡ãW / 52.983; -82.000 (James Bay) James Bay
52¡ã47¡äN 82¡ã0¡äW / 52.783¡ãN 82.000¡ãW / 52.783; -82.000 (Canada) Canada Ontario ¡ª mainland and Manitoulin Island
45¡ã33¡äN 82¡ã0¡äW / 45.550¡ãN 82.000¡ãW / 45.550; -82.000 (Lake Huron) Lake Huron
43¡ã12¡äN 82¡ã0¡äW / 43.200¡ãN 82.000¡ãW / 43.200; -82.000 (Canada) Canada Ontario
42¡ã15¡äN 82¡ã0¡äW / 42.250¡ãN 82.000¡ãW / 42.250; -82.000 (Lake Erie) Lake Erie
41¡ã31¡äN 82¡ã0¡äW / 41.517¡ãN 82.000¡ãW / 41.517; -82.000 (United States) United States Ohio
West Virginia ¡ª from 39¡ã0¡äN 82¡ã0¡äW / 39.000¡ãN 82.000¡ãW / 39.000; -82.000 (West Virginia)
Kentucky ¡ª for about 2 km from 37¡ã32¡äN 82¡ã0¡äW / 37.533¡ãN 82.000¡ãW / 37.533; -82.000 (Kentucky)
Virginia ¡ª from 37¡ã31¡äN 82¡ã0¡äW / 37.517¡ãN 82.000¡ãW / 37.517; -82.000 (Virginia)
Tennessee ¡ª from 36¡ã35¡äN 82¡ã0¡äW / 36.583¡ãN 82.000¡ãW / 36.583; -82.000 (Tennessee)
North Carolina ¡ª from 36¡ã9¡äN 82¡ã0¡äW / 36.150¡ãN 82.000¡ãW / 36.150; -82.000 (North Carolina)
South Carolina ¡ª from 35¡ã11¡äN 82¡ã0¡äW / 35.183¡ãN 82.000¡ãW / 35.183; -82.000 (South Carolina)
Georgia ¡ª from 33¡ã31¡äN 82¡ã0¡äW / 33.517¡ãN 82.000¡ãW / 33.517; -82.000 (Georgia)
Florida ¡ª from 30¡ã47¡äN 82¡ã0¡äW / 30.783¡ãN 82.000¡ãW / 30.783; -82.000 (Florida)
26¡ã29¡äN 82¡ã0¡äW / 26.483¡ãN 82.000¡ãW / 26.483; -82.000 (Gulf of Mexico) Gulf of Mexico Passing just east of Boca Grande Key, Florida, United States (at 24¡ã32¡äN 82¡ã0¡äW / 24.533¡ãN 82.000¡ãW / 24.533; -82.000 (Boca Grande Key))
23¡ã11¡äN 82¡ã0¡äW / 23.183¡ãN 82.000¡ãW / 23.183; -82.000 (Cuba) Cuba
22¡ã18¡äN 82¡ã0¡äW / 22.300¡ãN 82.000¡ãW / 22.300; -82.000 (Caribbean Sea) Caribbean Sea
21¡ã39¡äN 82¡ã0¡äW / 21.650¡ãN 82.000¡ãW / 21.650; -82.000 (Cuba) Cuba Canarreos Archipelago
21¡ã36¡äN 82¡ã0¡äW / 21.600¡ãN 82.000¡ãW / 21.600; -82.000 (Caribbean Sea) Caribbean Sea
9¡ã10¡äN 82¡ã0¡äW / 9.167¡ãN 82.000¡ãW / 9.167; -82.000 (Gulf of Chiriqu¨ª) Gulf of Chiriqu¨ª
8¡ã57¡äN 82¡ã0¡äW / 8.950¡ãN 82.000¡ãW / 8.950; -82.000 (Panama) Panama
8¡ã12¡äN 82¡ã0¡äW / 8.200¡ãN 82.000¡ãW / 8.200; -82.000 (Pacific Ocean) Pacific Ocean Passing just west of the island of Coiba, Panama (at 7¡ã31¡äN 81¡ã53¡äW / 7.517¡ãN 81.883¡ãW / 7.517; -81.883 (Coiba))
60¡ã0¡äS 82¡ã0¡äW / 60.000¡ãS 82.000¡ãW / -60.000; -82.000 (Southern Ocean) Southern Ocean
73¡ã56¡äS 82¡ã0¡äW / 73.933¡ãS 82.000¡ãW / -73.933; -82.000 (Antarctica) Antarctica Territory claimed by Chile
Subject: Thursday February 21st 2013 Qantas Half yearly==Low 164


Author:
Wednesday May 8th 2013 low 179.5 effective date 17 Countries Eurozone 1% RBAKingToTownFriday23/8/2013=183
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Date Posted: 19:16:01 08/23/13 Fri

The meridian 52° west of Greenwich is a line of longitude that extends from the North Pole across the Arctic Ocean, Greenland, the Atlantic Ocean, South America, the Southern Ocean, and Antarctica to the South Pole.

The 52nd meridian west forms a great circle with the 128th meridian east.
Subject: August Calendar TBI SCreem Tuesday 8/5/2012 to Monday 21/5/2012 issue 406


Author:
Kings Cross Perth Bikie brother Aids
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Date Posted: 19:07:01 08/23/13 Fri

The meridian 52° west of Greenwich is a line of longitude that extends from the North Pole across the Arctic Ocean, Greenland, the Atlantic Ocean, South America, the Southern Ocean, and Antarctica to the South Pole.

The 52nd meridian west forms a great circle with the 128th meridian east.
[> Subject: Monday 21/5/2012 American Red Cross


Author:
Friday February 8th 2013 Boy Scouts day
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Date Posted: 19:09:49 08/23/13 Fri

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141°141st meridian west[show]Map of all coordinates from Google
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The western border of Yukon (with Alaska) is defined by the meridian.The meridian 141° west of Greenwich is a line of longitude that extends from the North Pole across the Arctic Ocean, North America, the Pacific Ocean, the Southern Ocean, and Antarctica to the South Pole.

The 141st meridian west forms a great circle with the 39th meridian east.
Subject: Wednesday 20/2/2013Social JusticeGlebePyrmont 12 yearsNasdaq options August 2013 through to December 2015


Author:
NASDAQ-100 (^NDX) posted focus on Africa Zimbabwe
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Date Posted: 04:45:41 08/23/13 Fri

NASDAQ-100 (^NDX)
-Nasdaq GIDS
3,094.52 23.05(0.75%) 3:42AM AEST


Nasdaq options August 2013 through to December 2015
Expire at close Friday, 23 August 2013
Expire at close Saturday, 21 September 2013
Expire at close Saturday, 19 October 2013
Expire at close Saturday, 16 November 2013
Expire at close Saturday, 21 December 2013
Expire at close Saturday, 22 March 2014
Expire at close Saturday, 21 June 2014
Expire at close Saturday, 20 December 2014
Expire at close Saturday, 19 December 2015
Subject: re Monday 18/2/2013Wednesday 21, August 2013


Author:
EVENING REPORT(5pm AEST)
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Date Posted: 22:30:22 08/22/13 Thu

Australian Stock Market Report

Wednesday 21, August 2013


Summary Close Movement % Change
All Ordinaries 5066.70 -23.60 -0.50
All Industrials 5075.70 -24.30 -0.50
50 Leaders 5230.40 -25.00 -0.50


Market Turnover
$A 5,912,740,261.00

Commentary

For detailed video updates:
http://www.youtube.com/user/CommSecTV

Follow us on Twitter for breaking news:
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EVENING REPORT
(5pm AEST)

A better than expected reading on the health of China’s manufacturing sector wasn’t quite enough to push local shares into positive territory today. The All Ordinaries Index (XAO) slipped by 0.5 per cent, with the mining sector the biggest drag.

The monthly report on manufacturing issued by HSBC saw the reading rise from 47.7 to 50.1. Any number above 50.0 indicates improving conditions. Although this was better than expected, the industry is still essentially treading water. The result did reduce the losses however and also supported the
Australian dollar somewhat.

The US central bank is still occupying the thoughts of many investors and economists around the world. Talk of QE tapering this year has been one of the major drivers of markets around the world. Last night, there were hopes that the minutes from the last Fed meeting would provide some hints of a particular date for the start of the tapering process. However, a lack of new insights and continued uncertainty is keeping investors on edge. The Fed seems almost certain to taper at some point this year.

Despite there being no major economic news locally today, it was one of the busier days of this profit reporting season. We heard from iron ore miner Fortescue Metals (FMG), Insurance Australia Group (IAG), ASX Limited (ASX), Toll Holdings (TOL) and Origin Energy (ORG).

FMG was one of the standouts, with its shares rising by 4.1 per cent by the end of the day. Net Profit After Tax (NPAT) jumped by 12 per cent to US$1.75 billion. Iron ore shipment guidance was reaffirmed at 127-133mt, part of its US$10 billion worth of debt is expected to start being paid down and it more than double its dividend to shareholders.

ASX Limited (ASX), the operator of Australia´s main sharemarket, reported a 2.7% rise in FY13 (July 2012 - June 2013) profit to $348.2m. The result was in line with its own guidance provided in June and was driven by higher trading volumes this calendar year. Its derivatives business (ASX´s biggest) posted an 11.7% improvement in 2H13 revenue thanks to lower rates. ´Derivatives & OTC markets´ accounted for 32% of revenue.

At the close, 1.9 billion shares changed hands, worth $5.9 billion. 380 stocks improved, 524 lost ground and 305 finished unchanged.

Steven Daghlian
CommSec Market Analyst

MID-SESSION REPORT
(12pm AEST)

The Australian share market is under selling pressure in the early session, following weakness on US markets overnight and as investors awaited a reading on Chinese manufacturing.

That reading saw a rebound in Chinese manufacturing in August, with PMI coming in at 50.1 up from July’s reading of 47.7. The reading saw our market gain a little bit of ground to be down just 0.5 per cent at lunchtime in the East after a more than one per cent fall in early trade.

Overnight, US investors were unimpressed with the lack of detail emanating from the FOMC minutes. Investors had hoped for a timeline as to when the Fed might start winding back its QE3 bond buying program but unfortunately there was little detail.

It’s a busy day on the reporting calendar.

Iron ore miner Fortescue Metals Group (FMG) has reported a 12 per cent rise in FY NPAT to US$1.75B. FMG has reiterated a FY14 guidance of 127-133M tons or iron ore shipments. FMG shares were down almost three per cent in the early session but are up three per cent at lunch to $4.21. FMG shareholders will receive a final dividend of 10 cents per share.

Insurance Australia Group, the parent company of the NRMA, has almost tripled its FY13 profit to $776M. The final dividend has almost doubled to 25c per share. IAG shares rose in the early session but are down at lunch by 1.4 per cent to $5.85.

Pallet provider Brambles (BXB) has missed expectations with its FY13 profit of US$640M, sending its share price down 5.3 per cent to $8.69.

The Australian dollar is below US90c at US89.83c.

A total of 933M shares have changed hands so far, worth $2.6B. 290 are up, 441 are down and 266 are unchanged.

Enjoy your afternoon.

Juliette Saly
CommSec Market Analyst

MORNING REPORT
(6.45am AEST)

Minutes of the US Federal Reserve´s July 30-31 meeting, showed a broader agreement by the committee (than might be inferred from previous meetings) not to begin tapering in July. However there was discussion of the creation of a reverse repo facility, which could be seen as laying the groundwork for reducing the pace of purchases. Given the committee remains uncertain on the timing of tapering, as a compromise, officials could begin tapering in mid-September with a smaller than expected initial reduction of around $10bn.

European shares fell again on Wednesday, as investors avoided making fresh bets before the Federal Reserve minutes. Trading volumes were relatively light. The Dutch brewer Heineken fell by 4pct after giving a muted outlook. Cyclical stocks were amongst the biggest decliners. The FTSEurofirst 300 index fell by 0.6pct with the German Dax down by 0.2pct and the UK FTSE lost 1pct. Mining shares were weaker with Rio Tinto down by 2.1pct in London trade while BHP Billiton lost 2.6pct.

US sharemarkets ended lower in choppy trading on Wednesday, after the minutes of the Fed´s July meeting offered few new clues on a time frame for a reduction in its bond-buying program. Retailers were in focus, with earnings reports from Lowe´s (up 4.1pct) and Target (down 3pct). The S&P retail index fell by 0.7pct. The Dow Jones fell by 105pts or 0.7pct - the sixth straight daily decline. The S&P 500 gave back 0.6pct and the Nasdaq lost 14pts or 0.4pct.

US long-term treasuries fell on Wednesday (yields higher) after the FOMC minutes. US 2yr yields rose by 2pts to 0.37pct and US 10yr yields rose by 7pts to 2.89pct.

The US dollar rallied against major currencies in European and US trade on Wednesday. The Euro fell from highs near US$1.34.20 to US$1.3345 and ended US trade near US$1.3350. The Aussie dollar fell from highs near US90.50c to near US89.60c and ended US trade near its lows. And the Japanese yen held between 97.30 yen per US dollar and JPY97.95, before ending US trade near JPY97.75.

World oil prices fell on Wednesday, amid signs that Libyan exports might resume. The spread between crude and Brent widened to more than $6 a barrel intraday - the widest since June. Brent crude fell by US34c or 0.3pct to US$109.81 a barrel while US Nymex crude lost US$1.11 or 1.1pct to US$103.85 a barrel.

Base metal prices were weaker on Wednesday with the stronger US dollar adding to weakness across the commodity complex. Nickel lost 2.3pct and copper gave back 1.1pct. Gold fell on Wednesday as the US dollar strengthened with the Comex December futures down by US$2.50 an ounce or 0.2pct to US$1,370.10 per ounce. The iron ore price fell by US$1.20 or 0.9pct to US$137.80 a tonne.

Ahead: In Australia, no major economic data is released. In the US, leading indicators index is released.

Craig James
CommSec Chief Economist


This commentary is a general account of the day's trading and is not intended to be taken as a recommendation to buy, hold or sell any particular stock.
Subject: =re Monday 18/2/2013International Day for the Remembrance of the Slave Trade and its Abolition


Author:
posted financial week 8 Time date dot com on Wednesday 21/8/2013
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Date Posted: 14:20:23 08/22/13 Thu

International Day for the Remembrance of the Slave Trade and its Abolition
Quick Facts
The United Nations’ (UN) International Day for the Remembrance of the Slave Trade and its Abolition is held on August 23 each year to remind people of the tragedy of the transatlantic slave trade.
Local names
Name Language
International Day for the Remembrance of the Slave Trade and its Abolition English
Día Internacional del Recuerdo de la Trata de Esclavos y de su Abolición Spanish

International Day for the Remembrance of the Slave Trade and its Abolition 2013
Friday, August 23, 2013

International Day for the Remembrance of the Slave Trade and its Abolition 2014
Saturday, August 23, 2014
List of dates for other yearsThe United Nations’ (UN) International Day for the Remembrance of the Slave Trade and its Abolition is annually observed on August 23 to remind people of the tragedy of the transatlantic slave trade. It gives people a chance to think about the historic causes, the methods and the consequences of slave trade.


The UN's International Day for the Remembrance of the Slave Trade and its Abolition reminds people of the tragedy of slave trade.
©iStockphoto.com/Erik Kolstad

What do people do?
Each year the UN invites people all over the world, including educators, students and artists, to organize events that center on the theme of this day. Theatre companies, cultural organizations, musicians and artists take part on this day by expressing their resistance against slavery through performances that involve music, dance and drama.

Educators promote the day by informing people about the historical events associated with slave trade, the consequences of slave trade, and to promote tolerance and human rights. Many organizations, including youth associations, government agencies, and non-governmental organizations, actively take part in the event to educate society about the negative consequences of slave trade.

Public life
The UN’s International Day for the Remembrance of the Slave Trade and its Abolition is a United Nations observance worldwide but it is not a public holiday.

Background
In late August, 1791, an uprising began in Santo Domingo (today Haiti and the Dominican Republic) that would have a major effect on abolishing the transatlantic slave trade. The slave rebellion in the area weakened the Caribbean colonial system, sparking an uprising that led to abolishing slavery and giving the island its independence. It marked the beginning of the destruction of the slavery system, the slave trade and colonialism.

International Day for the Remembrance of the Slave Trade and its Abolition was first celebrated in many countries, in particular in Haiti, on August 23, 1998, and in Senegal on August 23, 1999. Each year the United Nations Educational, Scientific and Cultural Organization (UNESCO) reminds the international community about the importance of commemorating this day. This date also pays tribute to those who worked hard to abolish slave trade and slavery throughout the world. This commitment and the actions used to fight against the system of slavery had an impact on the human rights movement.

Symbols
UNESCO’s logo features a drawing of a temple with the “UNESCO” acronym under the roof of the temple and on top of the temple’s foundation. Underneath the temple are the words “United Nations Educational, Scientific and Cultural Organization”. This logo is often used in promotional material for the International Day for the Remembrance of the Slave Trade and its Abolition.

International Day for the Remembrance of the Slave Trade and its Abolition Observances
Select another year-range:1777–17991800–18491850–18991900–19491950–19991990–20202000–20492050–20992100–21492150–21992200–22492250–22992300–23492350–23992400–24492450–24992500–25492550–25992600–26492650–26992700–27492750–27992800–28492850–28992900–29492950–29993000–30493050–30993100–31493150–31993200–32493250–32993300–33493350–33993400–34493450–34993500–35493550–35993600–36493650–36993700–37493750–37993800–38493850–38993900–39493950–3999
Weekday Date Year Name Holiday type Where it is observed
Sun Aug 23 1998 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Mon Aug 23 1999 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Wed Aug 23 2000 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Thu Aug 23 2001 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Fri Aug 23 2002 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Sat Aug 23 2003 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Mon Aug 23 2004 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Tue Aug 23 2005 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Wed Aug 23 2006 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Thu Aug 23 2007 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Sat Aug 23 2008 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Sun Aug 23 2009 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Mon Aug 23 2010 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Tue Aug 23 2011 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Thu Aug 23 2012 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Fri Aug 23 2013 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Sat Aug 23 2014 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Sun Aug 23 2015 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Tue Aug 23 2016 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Wed Aug 23 2017 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Thu Aug 23 2018 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Fri Aug 23 2019 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Sun Aug 23 2020 International Day for the Remembrance of the Slave Trade and its Abolition United Nations observance
Subject: To: JTMon18/2/2013=84 ==Debate details Wednesday 21/8/2013 Sex dayKenny Rogers Ursaine Bolte


Author:
HANDSHAKE AT END OF DEBATE
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Date Posted: 08:12:21 08/22/13 Thu

To: JTMon18/2/2013=84
Sent: Thursday, August 22, 2013 7:05
Subject: (Election announced by Twitter at 3pm Sunday 4/8/2013=End financial week 5 calendar 31)==(RIO=Friday 1/2/2013)


(Election announced by Twitter at 3pm Sunday 4/8/2013=End financial week 5 calendar 31)==(RIO=Friday 1/2/2013)


K Rudd challenge T Abbot to debate Monday 5/8/2012==Start of finacial week 6. calendar 32 (RIO Saturday 2/2/2013)

=========================
1st Debate Sunday 11/8/2013 City to Surf Sydney National Press Club. Canberra end financial week 6. calendar 32=(RIO=Friday 8/2/2013)
========================
Wednesday 21/8/2013 =(RIO=Monday 18/2/2013)
2nd Debate Brisbane Town Hall
financial week 8 calendar week 34


MEDIA WORDS Highlighted==SHUTUP==CUTS PUNTERS
STANDARD SHARP
Handshake 7.20pm MLB Time LORRAINE Changes Photo
======================
Edition for sale election time 439 Annual Short Stories Effective Friday 16/8/2013 to Thursday 29/8/2013.
=====================
Chicago Options Thursday 15/8/2013 to Wednesday 21/8/2013==VIX expiration.==US Times
[> Subject: 1st debate T Abbot competed Eastern Suburbs of Sydney City to Surf leading a Blind runner


Author:
Geoff posted Virgins Ultimo Burst water pipe Sunday 11/8/2013
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Date Posted: 08:14:57 08/22/13 Thu

Subject: re Sunday 17/2/2013=end RIO dstMLB Cup season began Tuesday 20/8/2013


Author:
calendar week 34 financial week 8 (RIODSTSun21/10=ToSun17/2)
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Date Posted: 07:46:18 08/22/13 Thu

Melbourne CupFrom Wikipedia, the free encyclopedia
Jump to: navigation, search
For the latest running of the race, see 2012 Melbourne Cup.
Group I race
Melbourne Cup

Engraving of the finish line at the 1881 Melbourne Cup
Location Flemington Racecourse
Melbourne, Victoria, Australia
Inaugurated 1861 (List of Melbourne Cup winners)
Race type Thoroughbred – Flat racing
Website Flemington Racecourse
Race information
Distance 3,200 metres (2.0 miles)
Track Turf, left-handed
Qualification Three-year-olds and up
Weight Handicap
Purse A$6,175,000
The Melbourne Cup is Australia's major thoroughbred horse race. Marketed as "the race that stops a nation", it is a 3,200 metre race for three-year-olds and over. It is the richest "two-mile" handicap in the world, and one of the richest turf races. Conducted by the Victoria Racing Club on the Flemington Racecourse in Melbourne, Victoria, the event starts at 3pm (daylight saving time) on the first Tuesday in November.

The race has been held since 1861 (see list of Melbourne Cup winners) and was originally held over two miles (about 3,218 metres) but following preparation for Australia's adoption of the metric system in the 1970s, the current race distance of 3,200 metres was established in 1972. This reduced the distance by 18.688 metres (61.31 ft), and Rain Lover's 1968 race record of 3min.19.1sec was accordingly adjusted to 3min.17.9sec. The present record holder is the 1990 winner Kingston Rule with a time of 3min 16.3sec.


Peter Pan, 1932 & 1934 winner D Munro up





Contents [hide]
1 Qualifying and race conditions
1.1 Weight penalties
1.2 Fees
1.3 Balloting conditions
1.4 Quarantine
2 Prize money and trophies
2.1 Prize money
2.2 Trophies
2.2.1 Melbourne Cup Tour
3 History
3.1 Early years
3.2 Recent years
3.3 Timeline of historical events
3.4 Public holiday
4 Results and records
4.1 Most wins by a horse
4.2 Most wins by a jockey
4.3 Most wins by a trainer
4.4 Most wins by an owner
4.5 Other records
5 Attendance
6 Off the track
7 See also
8 Notes
9 External links
Qualifying and race conditions[edit source | editbeta]The race is a quality handicap for horses 3 years old and over, run over a distance of 3,200 metres, on the first Tuesday in November at Flemington Racecourse. The minimum handicap weight is 49 kg. There is no maximum weight, but the top allocated weight must not be less than 57 kg. The weight allocated to each horse is declared by the VRC Handicapper in early September.

The Melbourne Cup race is a handicap contest in which the weight of the jockey and riding gear is adjusted with ballast to a nominated figure. Older horses carry more weight than younger ones, and weights are adjusted further according to the horse's previous results.

Weights were theoretically calculated to give each horse an equal winning chance in the past, but in recent years the rules were adjusted to a "quality handicap" formula where superior horses are given less severe weight penalties than under pure handicap rules.

Weight penalties[edit source | editbeta]After the declaration of weights for the Melbourne Cup, the winner of any handicap flat race of the advertised value of A$55,000 or over to the winner, or an internationally recognised Listed, Group, or Graded handicap flat race, shall carry such additional weight (if any), for each win, as the VRC Handicapper shall determine.

Fees[edit source | editbeta]Entries for the Melbourne Cup usually close during the first week of August. The initial entry fee is $600 per horse. Around 300 to 400 horses are nominated each year, but the final field is limited to 24 starters. Following the allocation of weights, the owner of each horse must on four occasions before the race in November, declare the horse as an acceptor and pay a fee. First acceptance is $960, second acceptance is $1,450 and third acceptance is $2,420. The final acceptance fee, on the Saturday prior to the race, is $45,375. Should a horse be balloted out of the final field, the final declaration fee is refunded.

Balloting conditions[edit source | editbeta]The race Directors retain the absolute discretion to exclude any horse from the race, or exempt any horse from the ballot on the race, but in order to reduce the field to the safety limit of 24, horses are balloted out based on a number of factors which include:

prizemoney earned in the previous two years,
wins or placings in certain lead-up races
allocated handicap weight
The winner of the following races are exempt from any ballot:[1][2]

Lexus Stakes (formerly Saab Quality and registered as The Hotham Handicap)
Victoria Derby
LKS Mackinnon Stakes
Cox Plate
Caulfield Cup
Doncaster Cup (UK)
Irish St. Leger (IRE)
Tenno Sho (Spring) (JPN)
Sankei Sho All Comers (JPN)
Arlington Million (USA)
San Juan Capistrano Handicap (USA)
Australian Stayers Challenge[3]
The limitation of 24 starters is stated explicitly to be for safety reasons. However in the past far larger numbers were allowed - the largest field ever raced was a staggering 39 runners in 1890.

Quarantine[edit source | editbeta]International horses (New Zealand not included) which are entered for the Melbourne Cup, must undergo quarantine in an approved premises in their own country for a minimum period of 14 days before travelling to Australia. The premises must meet the Australian Government Standards.[4] The Werribee International Horse Centre at Werribee racecourse is the Victorian quarantine station for international horses competing in the Melbourne Spring Racing Carnival. The facility has stabling for up to 24 horses in five separate stable complexes and is located 32 km from the Melbourne CBD.[5]

Prize money and trophies[edit source | editbeta]Prize money[edit source | editbeta]The total prize money for the 2011 race was A$6,175,000,[6] plus trophies valued at $125,000.[7] The first 10 past the post receive prizemoney, with the winner being paid $3.3 million, and tenth place $115,000.[8] Prizemoney is distributed to the connections of each horse in the ratio of 85 percent to the owner, 10 percent to the trainer and 5 percent to the jockey.

The 1985 Melbourne Cup, won by "What a Nuisance", was the first race run in Australia with prize money of $1 million.

The Cup currently has a $500,000 bonus for the owner of the winner if it has also won the group one Irish St. Leger run the previous September.

Melbourne Cup Year Prize Money
2012 $6,200,000
2011 $6,175,000
2010 $6,000,000
2009 $5,500,000
2008 $5,500,000
2007 $5,000,000
2006 $5,000,000
2005 $5,000,000

[9]

Trophies[edit source | editbeta]
The 1976 cup won by Van Der Hum.The winner of the first Melbourne Cup in 1861 received a gold watch. The first Melbourne Cup trophy was awarded in 1865 and was an elaborate silver bowl on a stand that had been manufactured in England.[10] The silver trophy presented in 1867 was also made in England but jewellers in Victoria complained to the Victorian Racing Club that the trophy should have been made locally. They believed the work of Melburnian William Edwards to be superior in both design and workmanship to the English made trophy. No trophy was awarded to the Melbourne Cup winner for the next eight years.[10]

In 1876 Edward Fischer, an immigrant from Austria, produced the first Australian-made trophy. It was an Etruscan shape with two handles. One side depicted a horse race with the grandstand and hill of Flemington in the background. The opposite side had the words "Melbourne Cup, 1876" and the name of the winning horse.[11] A silver plated base sporting three silver horses was added in 1888, but in 1891 the prize changed to being a 15-inch-high (380 mm), 24-inch-long (610 mm) trophy showing a Victory figure offering an olive wreath to a jockey.[11] From 1899 the trophy was in the form of silver galloping horse embossed on a 3-foot-long (0.91 m) plaque, although it was said to look like a greyhound by some people.

The last Melbourne Cup trophy manufactured in England was made for the 1914 event. It was a chalice centred on a long base which had a horse at each end. The trophy awarded in 1916,[12] the first gold trophy, was a three-legged, three-armed rose bowl. The three-handled loving cup design was first awarded in 1919. In that year the Victorian Racing Club had commissioned James Steeth to design a trophy that would be in keeping with the prestige of the race, little realising that it would become the iconic Melbourne Cup still presented today.[13] In the Second World War years (1942, 1943 and 1944) the winning owner received war bonds valued at 200 pounds.

A new trophy is struck each year and becomes the property of the winning owner. In the event of a dead heat a second cup is on hand. The present trophy is made by Hardy Brothers from 34 pieces of gold metal hand beaten for over 200 hours.[14] Close inspection of the inside of the Cup will reveal small hammer imprints. As of 2008, the trophy values were increased and the Cup now contains 1.65 kg of 18-carat gold valuing the trophy at $125,000. The winning trainer and jockey also receive a miniature replica of the cup (since 1973) and the strapper is awarded the Tommy Woodcock Trophy, named after the strapper of Phar Lap.

Melbourne Cup Tour[edit source | editbeta]In 2003 an annual tour of the Melbourne Cup trophy was initiated to provide communities across Australia and New Zealand with an opportunity to view the Cup trophy and highlight the contribution the Melbourne Cup has made to the Australia's social, sporting and racing culture. Each year, communities in Australia and New Zealand apply for the cup to tour to their community and the tour also takes in cities around the world as part of the Victoria Racing Club’s strategy to promote the Melbourne Cup and the Melbourne Cup Carnival internationally.[15]

The Tour has visited schools and aged-care and hospital facilities, and participated in community events and celebrations including race days across Australia and New Zealand.[16]

History[edit source | editbeta]Early years[edit source | editbeta]Seventeen horses contested the first Melbourne Cup on Thursday 7 November 1861, racing for the modest prize of 710 gold sovereigns (£710) cash and a hand-beaten gold watch, winner takes all.[17][18] The prize was not, as some have suggested, the largest purse up to that time.

In order to attract a bigger crowd to the fledgling Cup, the first secretary of the Victorian Racing Club, Robert Bagot (c. 1828–1881) decided to issue members with two ladies tickets, calculating that "where ladies went, men would follow".[19] A large crowd of 4,000 men and women watched the race, although it has been suggested this was less than expected because of news reaching Melbourne of the death of explorers Burke and Wills[20] five days earlier on 2 November. Nevertheless the attendance was the largest at Flemington on any day for the past two years, with the exception of the recently run Two Thousand Guinea Stakes.[17]

The winner of this first Melbourne Cup race was a 16.3 hand bay stallion by the name of Archer in a time of 3.52.00, ridden by John Cutts, trained by Etienne de Mestre, and leased (and consequently raced in his own name) by de Mestre. As a lessee de Mestre "owned" and was fully responsible for Archer during the lease. Archer was leased from the "Exeter Farm" of Jembaicumbene near Braidwood, New South Wales. His owners were Thomas John "Tom" Roberts (a good school-friend of de Mestre's), Rowland H. Hassall (Roberts' brother-in-law), and Edmund Molyneux Royds and William Edward Royds (Roberts' nephews).[21][22][23]

The inaugural Melbourne Cup of 1861 was an eventful affair when one horse bolted before the start, and three of the seventeen starters fell during the race, two of which died. Archer, a Sydney "outsider" who drew scant favor in the betting, spread-eagled the field and defeated the favourite, and Victorian champion, Mormon by six lengths. Dismissed by the bookies, Archer took a lot of money away from Melbourne, 'refuelling interstate rivalry' and adding to the excitement of the Cup.[24] The next day, Archer was raced in and won another 2 mile long distance race, the Melbourne Town Plate.

It has become legend that Archer walked over 800 km (over 500 miles) to Flemington from de Mestre's stable at "Terara" near Nowra, New South Wales. However, newspaper archives of the day reveal that he had travelled south from Sydney to Melbourne on the steamboat City Of Melbourne, together with de Mestre, and two of de Mestre's other horses Exeter and Inheritor.[25] Before being winched aboard the steamboat for the trip to Melbourne, the horses had arrived in Sydney in September 1861.[17][26]

Archer travelled to Melbourne by steamboat again the following year (1862) to run in the second Melbourne Cup. This time he won 810 gold sovereigns (£810) cash and a gold watch before a crowd of 7,000, nearly twice the size of the previous years large crowd[27] in a time of 3.47.00, taking to two the number of Melbourne Cup wins by this horse. Archer had already won the 1862 AJC Queen Elizabeth Stakes in Randwick, Sydney, and returned to win his second Melbourne Cup carrying 10 stone 2 pounds. He defeated a field of twenty starters by eight lengths, a record that has never been beaten, and that was not matched for over 100 years. Mormon again running second. Winning the Melbourne Cup twice was a feat not repeated until more than seventy years later when Peter Pan won the race in 1932 and 1934, and winning the Melbourne Cup two years in a row was a feat not repeated until more than 30 years later when Rain Lover won in 1968 and 1969.

Archer travelled to Melbourne by steamboat yet again the next year (1863). Despite his weight of 11 stone 4 pounds, Archer would have contested the third cup in 1863, but due to a Victorian public holiday trainer Etienne de Mestre's telegraphed acceptance form arrived late, and Archer was scratched on a technicality. In protest of this decision and in a show of solidarity, many of de Mestre's owners boycotted the third race and scratched their horses in sympathy.[28] As a result the Melbourne Cup of that year ran with only 7 starters, the smallest number in the history of the Cup.

In 1865, Adam Lindsay Gordon wrote a verse in which the Melbourne Cup winner was called Tim Whiffler. Two years later in 1867 two horses with the name Tim Whiffler ran in the Melbourne Cup. (The year before in 1866 two horses with the same name, Falcon, also ran in the Melbourne Cup.) To distinguish between the two Tim Whifflers they were called "Sydney" Tim Whiffler and "Melbourne" Tim Whiffler. "Sydney" Tim Whiffler actually won the Cup.[29][30] He was trained by Etienne de Mestre, and like Archer before him raced in de Mestre's name but was leased from the "Exeter Farm".[22][23]

As early as 1865, Cup day was a half-holiday in Melbourne for public servants and bank officials. Various businesses also closed at lunchtime.

It took some years before the purpose of the declared holiday was acknowledged in the Victoria Government Gazette. The Gazette of 31 October 1873 announced that the following Thursday (Cup Day) be observed as a bank and civil (public) service holiday.[31]

The Melbourne Cup was first run on a Tuesday in 1875, the first Tuesday in that month.

On 7 November 1876, the running of the Melbourne Cup on the first Tuesday in November saw the three-year-old filly, Briseis, owned and trained by James Wilson Snr., win in a time of 3.36.25. Briseis then went on to creat a record that is never likely to be equalled, winning the VRC Derby, the Melbourne Cup and the VRC Oaks in the space of six days. She was ridden in the Melbourne Cup by the tiny featherweight figure of jockey Peter St. Albans. In 1876 at the recorded age thirteen (he was actually twelve, being 8 days short of his thirteenth birthday),[32] Peter St. Albans is also the youngest person ever to win a Melbourne Cup. Before 75,000 at Flemington Briseis, with St Albans in the saddle, comfortably won by 1 length in the biggest field of all time. "At 4 o'clock the starter released the 33 runners and they swept down the long Flemington straight in a thundering rush. Briseis, ridden by what one writer termed a mere child, (in the Cup) captured a rare double, the Victoria Race Club Derby and the Melbourne Cup. Shouts and hurrahs were heard, hats were thrown in the air and one excited individual fell on his back in the attempt to do a somersault. The boy who rode the winner was carried around the pack and is the hero of the day," reported the "Australasian Sketcher" in 1876. Both Peter St. Albans and Briseis have now become racing legends, and Briseis is regarded as one of the greatest mares foaled in Australia.

Briseis wasn't the only sensation surrounding the 1876 Melbourne Cup. Two months before the event, on Saturday 9 September, the City Of Melbourne sailed for Melbourne from Sydney with a cargo including 13 racehorses, many of whom were considered serious contenders for the Melbourne Cup. The following day the ship ran into a savage storm and was hit by several rogue waves, with Nemesis (the winner of the 1876 AJC Metropolitan Handicap in Randwick, Sydney and favourite for the Cup, owned by John Moffat) and Robin Hood (another favourite, owned by Etienne de Mestre) being among the 11 horses that were killed.[33] Betting on the big race was paralysed. To the dismay and anger of the public, bookmakers, showing no feeling, presented a purse (loaded with coins) to the captain as token of their appreciation for his part in saving them many thousands of pounds in bets already laid on the favourites who had perished. Perhaps they should have kept their money, however. The outsider Briseis comfortably won by 1 length in the biggest field of all time, and in an extremely good time, so it is unlikely that the horses who perished could have beaten her.

1877 is also the year that the trainer Etienne de Mestre won his fourth Melbourne Cup with Chester owned by Hon. James White. In 1878, as in previous years De Mestre fielded more than one horse. He entered the favourite Firebell (owned by W.S. Cox) who finished last, Chester (owned by Hon. James White) the previous year's winner who fell, and Calamia (owned by de Mestre) who, though less fancied, won easily[34] by two lengths. First prize was £1,790, the crowd was 80,000 and there were 30 starters. De Mestre's 1878 win with Calamia brought to 5 the number of Melbourne Cups he had won.[27] This record was not to be matched for nearly 100 years when the trainer Bart Cummings won his fifth Melbourne Cup in 1975. Bart Cummings, regarded as the best Australian horse trainer of all time, went on to win 12 Melbourne Cups to 2008, and is still training horses.


Martini Henry, the 1883 Melbourne Cup winnerIn 1883, the hardy New Zealand bred, Martini Henry won the VRC Derby, the Melbourne Cup and on the following Monday retained his undefeated record by winning Mares' Produce Stakes.[35]


Phar Lap winning the Melbourne Cup Race from Second Wind and Shadow King on 5 November 1930.Phar Lap, the most famous horse in the world of his day,[36] won the 1930 Melbourne Cup at 11/8 odds on, the shortest priced favourite in the history of the race. He had to be hidden away at Geelong before the race after an attempt was made to shoot him and only emerged an hour before the race time of the Cup.[37] Phar Lap also competed in 1929 and 1931, but came 3rd and 8th respectively, despite heavy favouritism in both years.

It is uncertain who was the first Aboriginal jockey to ride a Melbourne Cup. It was believed to be John Cutts who won the first and second cups in 1861 and 1862 riding ArcherHe was reputedly an Aboriginal stockman born in the area where Archer was trained, but was actually John 'Cutts' Dillon, the son of a Sydney clerk, a jockey who rode for many trainers in his long career, and who was one of the best known, best liked and most respected jockeys in New South Wales.[38] It is thought that Peter St. Albans was the first Aboriginal jockey to win the cup, on Briseis in 1876. Because St. Albans not quite 13 years old, the jockey was too young to ride in the cup. Thus, to allow him to race Briseis in the Cup, it was argued his birthdate and parents were unknown, and from this the legend of him being Aboriginal grew.[39][40] The wonder filly and a boy who carved their names into history] Both these legends, however, can definitely be disproved, and history had to wait nearly another 100 years. The second (and first in the modern era) jockey of Indigenous heritage to ride a Melbourne Cup winner was Frank Reys in 1973 on Gala Supreme, who had a Filipino father and a half-Aboriginal mother.[41]

Recent years[edit source | editbeta]The race has undergone several alterations over the past 10 years, the most visible being the entry of many foreign-trained horses. Most have failed to cope with the conditions; the three successful "foreign raids" include two by Irish trainer Dermot K. Weld successful in 1993 and 2002,[42] and one in 2006[43] by Katsumi Yoshida of Japan's renowned Yoshida racing and breeding family. The attraction for foreigners to compete was, primarily, the low-profile change to the new "quality handicap" weighting system.

The 1910 Melbourne Cup was won by Comedy King, the first foreign bred horse to do so. Subsequent foreign bred horses to win Cup were Backwood 1924; Phar Lap 1930; Wotan 1936 Belldale Ball 1980; At Talaq 1986; Kingston Rule 1990; Vintage Crop 1993; Jeune 1994; Media Puzzle 2002; Makybe Diva 2003, 2004, 2005; Americain 2010 and Dunaden 2011.

The 1938 Melbourne Cup was won by trainer Mrs. Allan McDonald who conditioned Catalogue. Mrs McDonald was a successful trainer in New Zealand,[44] however, at the time women were not allowed to compete as trainers in Australia so her husband's name was officially recorded as the winning trainer. The 2001 edition was won by New Zealand mare Ethereal,[45] trained by Sheila Laxon, the first woman to formally train a Melbourne Cup winner. She also won the Caulfield Cup, a 2,400 metre race also held in Melbourne, and therefore has won the "Cups Double".

Maree Lyndon became the first female to ride in the Melbourne Cup, when she partnered Argonaut Style in 1987, in which she ran second last in the 21 horse field.[46]

In 2004, Makybe Diva[47][48] became the first mare to win two cups, and also the first horse to win with different trainers, after David Hall moved to Hong Kong and transferred her to the Lee Freedman stables.

The 2005 Melbourne Cup was held before a crowd of 106,479. Makybe Diva made history by becoming the only horse to win the race three times. Trainer Lee Freedman said after the race, "Go and find the youngest child on the course, because that's the only person here who will have a chance of seeing this happen again in their lifetime."

Due to the 2007 Australian Equine influenza outbreak, believed to have been started by a horse brought into Australia from Japan, neither Delta Blues nor Pop Rock participated in the 2007 Melbourne Cup. Both horses had been stabled in Japan. Corowa, NSW trained "Leica Falcon" also was not be permitted to race in Victoria, despite Corowa being close to the Victorian border. Leica Falcon was ordained as the new staying star of Australian racing in 2005 when he ran fourth in both the Caulfield Cup and in Makybe Diva's famous third Melbourne Cup victory. But serious leg injuries saw the horse not race for another 20 months.[49] Efficient, the previous year's VRC Derby winner, won the race.


180 degree panorama of the racecourseTimeline of historical events[edit source | editbeta]1869 – The Victorian Racing Club introduced the four-day Spring Racing Carnival format.[37]
1870 – The race was postponed.[50]
1876 – The youngest jockey to win was Peter St. Albans on Briseis aged 13 (officially), but actually 12 years 11 months 23 days[51]
1882 – The first bookmakers were licensed at Flemington.[37]
1888 – The first Gold whip was presented to the winning Cup jockey (Mick O'Brien).[37]
1894 – Strand starts were introduced to Flemington.[37]
1896 – The Melbourne Cup was first filmed. This race was won by Newhaven.[50][52][53][54]
1915 – First woman owner to win was Mrs E.A. Widdis with Patrobas.
1916 – The race was postponed.[50]
1925 – The first radio broadcast of the Melbourne Cup was made by the Australian Broadcasting Company.[50]
1931 – The first year the totalisator operated at the Melbourne Cup. The Totalisator Agency Board was introduced in 1961.[37]
1942–44 – The Melbourne Cup was run on Saturdays during the war years.[50]
1948 – The photo finish camera was first used in Melbourne Cup. Rimfire beat Dark Marne. However, many on-course punters believe the result should have been reversed, and it was later found that the camera was incorrectly aligned.[50]
1958 – The first Cup start from starting stalls.[37]
1962 – "Fashions on the Field" was first held at the Carnival.[37]
1985 – The first sponsored Melbourne Cup, and the first million dollar Cup, with $650,000 for the winner.[37]
1987 – First female jockey to ride in the cup was Maree Lyndon on Argonaut Style.
2001 – Sheila Laxon, was the first woman trainer to officially win the Melbourne Cup. However, Mrs. A. McDonald (1938) with Catalogue was really the first woman trainer to win. Women then could not be registered as trainers in Australia, and it was her husband who was the registered trainer.[55] Mrs. A. Macdonald's win was as a female trainer of a female owned horse.
2003 – First Australian female jockey to ride in the cup was Clare Lindop on Debben.
2003 – The first Melbourne Cup Tour was conducted around Australia, and the biggest crowd, of 122,736, is recorded at Flemington.[37]
2005 – Makybe Diva became the only horse so far to win the Melbourne Cup three times.
2008 – The "Cup King", Bart Cummings, took his 12th win in the Melbourne Cup with Viewed on his 50th anniversary of his first Cup runner.
2010 - 150th anniversary. Americain becomes the first French-trained horse to win the race, and Gerald Mosse the first French jockey.[56]
2011 - French based horse Dunaden wins from Red Cadeaux in the closest finish ever.[57]
Public holiday[edit source | editbeta]Melbourne Cup day is a public holiday for all working within metropolitan Melbourne and some parts of regional Victoria, but not for some country Victorian cities and towns which hold their own spring carnivals. For Federal Public Servants it is also observed as a holiday in the entire state of Victoria, and from 2007 to 2009 also in the Australian Capital Territory known as Family and Community Day replacing Picnic Day.[58]

Results and records[edit source | editbeta]Main articles: List of Melbourne Cup winners and List of Melbourne Cup placings
Most wins by a horse[edit source | editbeta]3 – Makybe Diva (2003, 2004, 2005)
2 – Think Big (1974, 1975)
2 – Rain Lover (1968, 1969)
2 – Peter Pan (1932, 1934)
2 – Archer (1861, 1862)
Most wins by a jockey[edit source | editbeta]4 – Bobby Lewis (1902, 1915, 1919, 1927)
4 – Harry White (1974, 1975, 1978, 1979)
Most wins by a trainer[edit source | editbeta]12 – Bart Cummings (1965, 1966, 1967, 1974, 1975, 1977, 1979, 1990, 1991, 1996, 1999, 2008)
5 – Etienne de Mestre (1861, 1862, 1867, 1877, 1878)
5 – Lee Freedman (1989, 1992, 1995, 2004, 2005)
Most wins by an owner[edit source | editbeta]4 – John Tait (1866, 1868, 1871, 1872)
4 – Etienne de Mestre (1861*, 1862*, 1867*, 1878) *The winners of these years were leased.[22][23]
4 – Dato Tan Chin Nam (1974, 1975, 1996, 2008)
4 – Lloyd Williams (1981, 1985, 2007, 2012)
Other records[edit source | editbeta]Record winning time – 3.16.30 Kingston Rule (1990)
Widest winning margin – 8 lengths by Archer in 1862 and Rain Lover in 1968.[59]
Heaviest weight carried by winner – Carbine in 1890 with 10 stone 5 pounds (66 kg) Makybe Diva holds the record for a mare with 58 kg in 2005.[60] The horse to carry the heaviest weight of all time was Phar Lap (10 stone 10 pounds) in 1931 when he ran 8th.[61]
Longest odds winners – Three horses have won at 100–1: The Pearl (1871), Wotan (1936) and Old Rowley (1940).[50]
Shortest odds winner – Phar Lap at 8/11 in 1930.
Favourites record – 34 of 150 favourites (23%) have won the Melbourne Cup.[55]
Most runners – 39 (1890)
Fewest runners – 7 (1863)
Most attempts – Shadow King made six attempts to win the cup in seven years between 1929 and 1935. He ran 6th, 3rd, 2nd, 3rd, 2nd and 4th.[50]
Attendance[edit source | editbeta]
The horse show as well as fashion show of Melbourne Cup takes place on the lawnThe event is one of the most popular spectator events in Australia, with sometimes over 110,000 people, some dressed in traditional formal raceday wear and others in all manner of exotic and amusing costumes, attending the race. The record crowd was 122,736 in 2003. The 1926 running of the Cup was the first time that the 100,000 mark had been passed. Today the record at Flemington is held by the 2006 Victoria Derby when almost 130,000 attended.[62]

In 2007, a limit was placed on the Spring Carnival attendance at Flemington Racecourse and race-goers are now required to pre-purchase tickets.[63]

2010 – 110,253
2009 – 102,000
2008 – 107,000[64]
2007 – 102,411[65]
2006 – 106,691
2005 – 106,479
2004 – 98,181
2003 – 122,736 (record)
Off the track[edit source | editbeta]
1965 ABC news report on Jean Shrimpton's visit to the Melbourne Cup.
Cornflower, the symbol of Derby Day, Melbourne Cup Carnival
Woman's hat at the Melbourne Cup.'Fashions On The Field' is a major focus of the day, with substantial prizes awarded for the best-dressed man and woman. The requirement for elegant hats, and more recently the alternative of a fascinator, almost single-handedly keeps Melbourne's milliners in business.[citation needed] Raceday fashion has occasionally drawn almost as much attention as the race itself, The miniskirt received worldwide publicity when model Jean Shrimpton wore one on Derby Day during Melbourne Cup week in 1965.[66][67]

Flowers, especially roses are an important component of the week's racing at Flemington. The racecourse has around 12,000 roses within its large expanse. Over 200 varieties of the fragrant flower are nurtured by a team of up to 12 gardeners. Each of the major racedays at Flemington has an official flower. Victoria Derby Day has the Corn Flower, Melbourne Cup Day is for the Yellow Rose, Oaks Day highlights the Pink Rose and Stakes Day goes to the Red Rose.

In the Melbourne metropolitan area, the race day has been a gazetted public holiday since 1877, but around both Australia and New Zealand a majority of people watch the race on television and gamble, either through direct betting or participating in workplace cup "sweeps". As of April 2007, the ACT also recognises Melbourne Cup Race Day as a holiday.[58] In 2000, a betting agency claimed that 80 percent of the adult Australian population placed a bet on the race that year.[68] In 2010 it was predicted that $183 million would be spent by 83,000 tourists during the Spring Racing Carnival.[69] In New Zealand, the Melbourne Cup is the country's single biggest betting event, with carnival race-days held at several of the country's top tracks showing the cup live on big screens.[70]

It is commonly billed as The race that stops a nation, but it is more accurately The race that stops two nations,[71] as many people in New Zealand, as well as Australia, pause to watch the race.

The Race That Stops The Nation is a poem about Australia’s fascination with the Melbourne Cup. Sydney born writer Vivienne McCredie wrote it in 1986. It was read out on an evening poetry radio program run by Kel Richards at the time and later published (2005 ISBN 978-0-9758311-0-6). Copies are in the State Library of NSW and the National Library of Australia.
Subject: Punters Handshake K Rudd T Abbot Wednesday 21/8/2013 Brisbane Town Hall


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Federal Election 2013
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Election 2013: Economy dominates leadership debate as Kevin Rudd and Tony Abbott face off
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Analysis: Debate a lacklustre affair that offered no new ideas
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Share on emailShare on facebookShare on twitterShare on linkedinShare on google_plusone_shareTHE first showdown of the election campaign was dominated by the state of the economy, Labor’s GST scare campaign and a decision on a second airport for Sydney.

Laying out his pitch to the electorate, Kevin Rudd appealed for three more years to show ''new way" while Tony Abbott spoke directly to voters on the economy and border protection.

At the debate at the National Press Club in Canberra, the Prime Minister made a pitch to young voters and then moved straight to economic management.

He said Labor had kept interests rates low, had abolished Work Choices, had introduced DisabilityCare and the NBN and he said there was more to be done.

Mr Rudd warned the mining boom was over but said Labor could deliver a bright new future and "a new way of positive politics in this country."

In a bid to turn the first leader’s debate in favour of the government, he also pledged a vote on gay marriage with Labor MPs to act according to their conscience


Tony Abbott and Kevin Rudd have faced off in the first federal election debate. Picture: Stefan Postles

Mr Abbott said the Coalition party room would reconsider its position on gay marriage after the election.

On a controversial note, Mr Rudd was accused of breaching the rules by reading notes.

The debate's moderator, Sky News political editor David Speers, revealed following the debate that Mr Rudd had used the notes and that was not allowed.

According to the rules issued by the National Press Club on Friday, both Mr Abbott and Mr Rudd were prohibited from having the help with their memory.

"The leaders may have a pen and paper on the lectern and no other documentation or props,'' the rules stated.

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In the debate wrap up following, Speers said: "Kevin Rudd had notes. That wasn’t allowed under the rules.''

Labor figure Graham Richardson said: "If I was Kevin Rudd, I would sack whoever wrote them."

Looking down the camera lens during the debate, Mr Abbott appealed directly to voters, telling them under a Coalition government the carbon tax would be scrapped, with compensation and tax cuts to stay, and boats arrivals would be stemmed.

"We can make your life better," he said.

He promised he would "make a decision" in his first term, if he won the election, on a second airport for Sydney but said the existing gateway to the city could be used more efficiently.

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Mr Rudd did not match the pledge.




Mr Abbott said a Coalition government would not raise the GST, could ease cost of living pressures and protect jobs and he listed infrastructure projects he has promised to help fund.

They included funding for the West Connex in Sydney, the East West Link in Melbourne, duplication of the Pacific Highway and an upgrade of the Bruce Highway in Queensland.

He focused on government failures throughout the debate, including the disastrous home insulation scheme which was linked to four deaths, the boat influx and 1000 deaths at sea, the NBN blowing its budget and the carbon price forecast of $38 a tonne by 2020.

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“Mr Rudd talks about a new way, well if you want a new way you have got to choose a new government,” he said.

One of Mr Rudd’s weakest points was when he was questioned on why Labor’s spending is higher than under the Howard Government and over forecasts tens of thousands of people are will lose their jobs over coming months as unemployment rises.

Mr Rudd responded that the government had staved off recession during the Global Financial Crisis and created around one million jobs.

Mr Abbott’s point of weakness emerged over how the Coalition will pay for its promises with Labor claiming there was a $70 billion black hole - a claim Mr Abbott called a “fantasy.”

He did not articulate last night what cuts would be made to fulfil spending promises but said there had been “an enormous amount of waste over the past six years” and that the Coalition had already identified $17 billion in savings, which includes the axing of the Schoolkids bonus.

Debate erupted over the GST with Mr Rudd claiming it was “legitimate to raise questions about the future of the GST” in light of the Coalition’s promises and a tax review the Opposition planned if it won government.

“The GST doesn’t change under the Coalition,” Mr Abbott shot back.“The people watching this deserve better than a scare campaign from the Prime Minister of this country.”

RELIVE THE HIGHLIGHTS OF THE DEBATE ON OUR BLOG


Federal election leadership debate

He said the campaign over the GST was “a little embarrassing to have the Prime Minister of this country, who had three years in power himself, he voted for the carbon tax...he was part of the surplus that never happened.”

When asked if he had said the mining boom was coming to an end to cover over the budget problems after the government revealed a $30.1 billion deficit this financial year, Mr Rudd said the mining boom investment phase “was coming to a close.”

Mr Abbott described Mr Rudd’s explanation for his rhetoric as “waffle” and claimed if the boom was over it was because Labor had “killed it” with the mining tax and red tape.

The two leaders managed to agree on the debate format after weeks of argy bargy about the details.

Mr Rudd’s first challenge was issued in the press conference he held after snatching back the Prime Ministership, but Mr Abbott always insisted any debate should be held during the campaign proper.

The debate was moderated by Sky News presenter David Speers and questions asked by a panel of journalists from the ABC, Fairfax and News Corp Australia.
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Subject: End of downswing Wednesday 21/8/2013=US Dow low=14,880.84


Author:
66 tradeFriday 17/5/2013==Dolly Parton ch 7
[ Edit | View ]

Date Posted: 05:46:38 08/22/13 Thu

End of downswing Wednesday 21/8/2013=US Dow low=14,880.84
Nasdaq==low=3,061.42
S&P500==1,639.43
===============
66 trade
Friday 17/5/2013
Subject: re Monday 18/2/2013 Retail stocks were among the weakest of the day,


Author:
Wednesday 21/8/2013==Sex day
[ Edit | View ]

Date Posted: 05:21:14 08/22/13 Thu

..Wall Street hits session lows after Fed minutes
Reuters – 5 minutes ago....Email 0Recommend4Tweet0Share0Print.....Related Content...
View Photo.Traders work on the floor of the New York Stock Exchange August 21, 2013. REUTERS/Brendan McDermid

....RELATED QUOTES..Symbol Price Change
^GSPC 1,644.71 -7.64

^IXIC 3,601.97 -11.62

^DJI 14,929.34 -73.65

^INX 0.00

......By Ryan Vlastelica

NEW YORK (Reuters) - U.S. stocks dipped on Wednesday, with investors reluctant to make big bets before the Federal Reserve publishes the minutes of its July policy-setting meeting.

Retail stocks were among the weakest of the day, with several names falling sharply after results that pointed to continued consumer weakness.

Market participants have been cautious recently, with the S&P 500 dropping for five of the past six sessions amid uncertainty over how soon the Fed will begin to wind down its $85 billion a month stimulus program.

The central bank policymakers have said the policy, which has fueled Wall Street's steep gains this year, could be slowed as early as September, assuming economic growth meets its targets.

The Fed minutes, scheduled to be released at 2 p.m. EDT, may provide clues to the timing and scope of the potential easing.

"Everyone is searching for clarity. There's confusion over how much things will be tapered, if at all, and while there may not be any surprise, everyone is waiting to dissect what comes out," said Mike Gibbs, co-head of the equity advisory group at Raymond James in Memphis, Tennessee.

In the latest economic report, U.S. home resales rose in July to their highest level in over three years, suggesting that a surge in mortgage rates is having only a limited impact on the housing market recovery.

The Dow Jones industrial average (^DJI) was down 55.09 points, or 0.37 percent, at 14,947.90. The Standard & Poor's 500 Index (^GSPC) was down 5.41 points, or 0.33 percent, at 1,646.94. The Nasdaq Composite Index (^IXIC) was down 9.06 points, or 0.25 percent, at 3,604.53.

The S&P 500 rose on Tuesday to halt a four-day losing streak but remained under technical pressure as it closed below its 50-day moving average for a third straight session. The level, near 1,658, is becoming technical resistance.

"I was hoping to see follow-up to (Tuesday's) rally, but so far, the sellers are back in control," said Gibbs, who helps oversee $450 billion in assets. "Keeping yesterday's momentum is important."

Retailers were in focus for a second day, with earnings reports from Lowe's, Target and others. The SPDR S&P Retail ETF (XRT.P) fell 1.5 percent.

Staples (SPLS) reported weaker-than-expected quarterly results on dismal sales in international markets and cut its outlook for the year. Shares slumped 13 percent to $14.60 as the S&P's biggest loser.

Target (TGT) warned its annual profit may be near the low end of its forecast as consumer spending remains cautious, sending shares down 3.5 percent to $65.51.

Petsmart (PETM) dropped 4.1 percent to $71.90 after its results, while American Eagle Outfitters (AEO) slumped 9.7 percent to $14.79 after giving a weak outlook.

American Eagle weighed on Abercrombie & Fitch (ANF), which sank 3.8 percent to $46.64.

On the upside, home improvement chain Lowe's (LOW) rose 4.9 percent to $46.27 after it reported a bigger-than-expected rise in profit and sales as the housing market's recovery encouraged people to spend more on their homes.

Financial shares (.SPSY) were among the weakest of the day, dropping 0.5 percent. Goldman Sachs (GS) was one of the biggest drags on the sector, down 1.2 percent at $157.59.

Market makers and traders waited to hear details on a flood of erroneous trades that hit U.S. equity options markets on Tuesday when Goldman Sachs (GS) sent orders accidentally because of a technical error.

Shares of Toll Brothers (TOL) rose 0.6 percent to $31.82 after the largest U.S. luxury homebuilder reported a jump in revenue as the recovery in the housing market gathered pace.

Incyte Corp (INCY) soared 29 percent to $34.88 after the company reported positive data from a mid-stage cancer drug trial.

(Editing by Bernadette Baum and Kenneth Barry)
Subject: On November 16, 1907, Oklahoma became the 46th state to enter the union. Its residents are known as Oklahomans or, informally "Okies", and its capital and largest city is Oklahoma City Friday in 2012 a Saturday in 2013==Top New Story ABC Murderbaseballer Australian Wednesday 21/8/2013.


Author:
Valentines day a Tuesday in 2012 ==a Thursday in 2013
[ Edit | View ]

Date Posted: 10:11:44 08/21/13 Wed

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