The full dataset viewer is not available (click to read why). Only showing a preview of the rows.
The dataset generation failed
Error code: DatasetGenerationError
Exception: ArrowInvalid
Message: JSON parse error: Missing a closing quotation mark in string. in row 87
Traceback: Traceback (most recent call last):
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/packaged_modules/json/json.py", line 153, in _generate_tables
df = pd.read_json(f, dtype_backend="pyarrow")
File "/src/services/worker/.venv/lib/python3.9/site-packages/pandas/io/json/_json.py", line 815, in read_json
return json_reader.read()
File "/src/services/worker/.venv/lib/python3.9/site-packages/pandas/io/json/_json.py", line 1025, in read
obj = self._get_object_parser(self.data)
File "/src/services/worker/.venv/lib/python3.9/site-packages/pandas/io/json/_json.py", line 1051, in _get_object_parser
obj = FrameParser(json, **kwargs).parse()
File "/src/services/worker/.venv/lib/python3.9/site-packages/pandas/io/json/_json.py", line 1187, in parse
self._parse()
File "/src/services/worker/.venv/lib/python3.9/site-packages/pandas/io/json/_json.py", line 1403, in _parse
ujson_loads(json, precise_float=self.precise_float), dtype=None
ValueError: Trailing data
During handling of the above exception, another exception occurred:
Traceback (most recent call last):
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/builder.py", line 1997, in _prepare_split_single
for _, table in generator:
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/packaged_modules/json/json.py", line 156, in _generate_tables
raise e
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/packaged_modules/json/json.py", line 130, in _generate_tables
pa_table = paj.read_json(
File "pyarrow/_json.pyx", line 308, in pyarrow._json.read_json
File "pyarrow/error.pxi", line 154, in pyarrow.lib.pyarrow_internal_check_status
File "pyarrow/error.pxi", line 91, in pyarrow.lib.check_status
pyarrow.lib.ArrowInvalid: JSON parse error: Missing a closing quotation mark in string. in row 87
The above exception was the direct cause of the following exception:
Traceback (most recent call last):
File "/src/services/worker/src/worker/job_runners/config/parquet_and_info.py", line 1529, in compute_config_parquet_and_info_response
parquet_operations = convert_to_parquet(builder)
File "/src/services/worker/src/worker/job_runners/config/parquet_and_info.py", line 1154, in convert_to_parquet
builder.download_and_prepare(
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/builder.py", line 1029, in download_and_prepare
self._download_and_prepare(
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/builder.py", line 1124, in _download_and_prepare
self._prepare_split(split_generator, **prepare_split_kwargs)
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/builder.py", line 1884, in _prepare_split
for job_id, done, content in self._prepare_split_single(
File "/src/services/worker/.venv/lib/python3.9/site-packages/datasets/builder.py", line 2040, in _prepare_split_single
raise DatasetGenerationError("An error occurred while generating the dataset") from e
datasets.exceptions.DatasetGenerationError: An error occurred while generating the datasetNeed help to make the dataset viewer work? Make sure to review how to configure the dataset viewer, and open a discussion for direct support.
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News Covering All Information About Online Gambling
The Best Hands in Poker
Byadminbisq
The best hands in Poker are known as straights and flushes. A straight flush is five cards in sequence of the same suit, but not the same rank. A pair of aces is a straight flush, as is an ace high straight flush. These hands can also be referred to as royal flushes. The odds of hitting a royal flush are one in nearly 650,000. The next best hand is a four of a kind. This can be a set of four aces, four threes, or four fours. It doesn’t matter whether the fourth or fifth card is a suited card.
In poker, every player puts some money into the pot before the cards are dealt. These money is called “blinds” and rotate from player to player with every deal. A call means you want to match a raise, while a check indicates you do not wish to raise. A raise means you want to increase your table bet. The more chips you put into the pot, the more chips you have. You must place your bets in the pot before you can raise or fold.
While poker has evolved over the years, the game of chance and luck remains the same. Anyone can win the game – from an elite poker player to a middle-aged drunk man. Many people have overvalued tells in poker, resulting in distorted games of poker. For example, in the U.K., straight hands of five cards are sometimes used as the final showdown. Nevertheless, poker is almost always played in a more complex version.
How to Play Slot Online For Real Money
How to Stay Safe in the Casino
By adminbisq
Jan 27, 2023 adminbisq
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ZBrush provides several ways to render both 2D and 3D work. The finished render can be saved to a file by pressing the Document > Export button. For a BPR render there are additional options for saving render passes that can then be composited in an image editing program (for details see the BPR pages).
The default renderer, used when composing a scene or sculpting. It will show most properties of the scene including Preview Shadows but excluding Light palette shadows, complex fog, light colors, depth cue and some material and other effects. It does show transparency, but the Best renderer is significantly better in most situations.
Used for the final render for 2D work, the Best Renderer uses the best (and slowest) methods to produce the highest quality image. Shadows for 2D work must be rendered using this renderer.
If you try to work in the Best renderer mode, ZBrush will automatically switch to the Preview Renderer. There’s one exception to this; if you have a floating object in the scene, you can make changes to its material properties and the Best Renderer will re-render only the object and its bounding box.
The BPR (see below) is the best option for 3D models, however some materials effects require the use of the Best renderer. Best and BPR renders can be combined by first completing a Best render and immediately following it with a BPR.
The fast renderer does not render materials, only basic shading. This makes it ideal for modeling, since it is very fast and shows surface details due to geometry, not materials.
Allows you to see the scene with no shading, just basic color. This can be useful for checking texture maps.
Best Preview Renderer (BPR)
The Best Preview Renderer (or BPR) is for 3D work only. The BPR will render a 3D model in Edit mode using high quality anti-aliasing at the full document size. For full details see the BPR page.
AA Half option
The Antialiased Half-size button in the Document palette will set the zoom factor for the canvas to exactly half its size. ZBrush treats this scale factor in a special manner; when the zoom factor is exactly 50%, the canvas contents are antialiased, which reduces the “jagged” effect that can appear along edges in a computer-generated image.
A common method of working with ZBrush for 2D work is to create and draw your document at double its intended size, and then to use this button to display the antialiased version at the “final” size. The Document > Export button can then be used to export the smaller, antialiased version of your work.
For 3D models in Edit mode and using BPR, antialiasing is performed by the renderer and use of AA Half is not necessary
When rendering images for print it is often a requirement that the image is of a specific resolution, for example, 300 ppi for top quality magazine or book images. ZBrush does not have a way to specify the resolution of an image – all images are rendered at their exact pixel dimensions (though note AA Half above). In order to render an image of the right size for a particular resolution you need to calculate the pixel dimensions. The simplest way to do this is to set up a blank file in an image editor like Photoshop and then note down the Image Size height and width in pixels.
In ZBrush you then need to resize the document in the Document palette. Note that you should set up the right size of document before starting a 2D illustration.
Turn off Edit mode and clear the canvas
Turn off the Pro switch in the Document palette
Set the Width and Height sliders to the pixel values you want
Press Resize
The canvas will be resized to the new dimensions. When you export a render it will be the right pixel dimensions and you can specify the resolution in Photoshop if you want.
Saving the Render to a file
To save a render simply press the Document > Export button and choose a file name and extension. Images can be saved in a variety of formats.
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jhartillustration.com
Sheffield United Abuse – How Not to Do It
26 Aug, 2022 By administrator Uncategorized 0 Comments
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The two men went on to jot down a e book together below that title. Later on, maps turned extraordinarily important as a method of exploring, as humans went all around the globe to commerce and work together with different cultures (albeit generally in additional friendly ways than others). California is now one among the main wine-producing areas in the world. City of Sevastopol falls to the Soviet Union: On April 8, 1944, the Soviet Union launched a major offensive (500,000 troops) against the German 17th Army, which had been isolated in the Crimea since November. Town is often regarded as one of many prettiest metros on the continent, thanks in large half to its epic architecture. By making careful decisions, gardeners in nearly each part of the South can take pleasure in a few of these plants, even when that means growing them in containers. Azaleas are one of many few plants, other than annuals, whose blooms virtually utterly cowl the plants, cheap soccer kits for sale making them colorful standouts within the backyard.
Plus, one of many world’s largest displays of native and cultivated azaleas – greater than 20,000 of them – can be viewed every spring at Callaway Gardens in Pine Mountain, Georgia, which was initially developed within the 1950s after the owner, Carson Callaway, discovered a uncommon native azalea on the property. Some other Southern spots to view these fabulous flowers: The gardens at Tryon Palace in New Bern, North Carolina, where azalea gardens can be discovered blooming in naturalized beds in the course of the spring, together with thousands of tulip bulbs; Airlie Gardens in Wilmington, North Carolina, complete with 67 acres (27 hectares) boasting greater than 100,000 azaleas; and Brookgreen Gardens, between Myrtle Beach and Pawleys Island in Murrells Inlet, South Carolina, where you’ll find a former rice plantation sporting one among the biggest collections of outside sculptures within the U.S. Know which ships sank at Pearl Harbor, or which nation constructed the largest battleships in historical past?
Can You really Discover Barcelona (on the net)?
Can You really Find Barcelona (on the web)?
Can You really Find Barcelona (on the net)?
The Truth About France
Sheffield United Abuse – How To not Do It
Copyright © 2023 jhartillustration.com | Powered by OwlPress
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Home / Business / Industries / Food/Beverage / Dessert Cafe Chain Sulbing Enters Thai Market
Dessert Cafe Chain Sulbing Enters Thai Market
Posted on March 16, 2015 by Korea Bizwire in Food/Beverage, Top News with 0 Comments
The dessert franchise, which started as a small downtown cafe in South Korea’s largest port city of Busan, has quickly ballooned to 490 branches throughout the country in less than two years as its “bingsu” dish captured local taste buds. (image: tipsycat/flickr)
SEOUL, March 16 (Korea Bizwire) – South Korean dessert cafe franchise Sulbing said Monday it plans to open 50 branches in Thailand by next year in its latest efforts to expand abroad to secure new growth engines.
Sulbing has signed a deal with International World Ettia Thai to open two branches in Thailand’s capital of Bangkok by June and have 50 branches across the country by 2016, the company said in a press release.
The Thailand deal comes a month after the dessert franchise inked a deal with China’s Shanghai Yabin Food Stuff Trade Co. to open some 150 branches in the world’s second-largest economy by 2017.
“We aim to expand into 16 markets, with talks underway in countries such as Indonesia, Malaysia and Singapore,” a company spokesman said.
The dessert franchise, which started as a small downtown cafe in South Korea’s largest port city of Busan, has quickly ballooned to 490 branches throughout the country in less than two years as its “bingsu” dish captured local taste buds. Bingsu is a traditional dessert made up of shaved ice, red beans and an array of toppings such as milk syrup and rice cake.
The dessert cafe chain is among a legion of local food producers, confectioneries and restaurant chains, such as Orion and Paris Baguette, that have gone overseas amid market saturation at home.
(Yonyap)
International World Ettia Thai
Shanghai Yabin Food Stuff Trade
sulbing
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Fostering Success Michigan
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Book: Love Does Not Make Me Gentle Or Kind
October 10, 2010 Joseph Keckler
Chavisa Woods’ debut collection of short fiction, Love Does Not Make Me Gentle or Kind. From Fly By Night Press.
A housewife in the midst of a nervous breakdown, hurling dishes against the floor, suddenly overwhelmed by the horrors of motherhood. An imaginative little girl who lives with her grandparents and sees a mermaid at her baptism. A lesbian Holden Caulfield. These are the women Chavisa Woods watches and inhabits in her debut collection of short fiction, Love Does Not Make Me Gentle or Kind.
As Flannery O’Connor beckons us into the restless, gothic American south, and A.M. Homes backs us into bizarre and frightening corners of our suburbia, Chavisa Woods guides us through a strange, troubling vision of domestic life in the rural U.S.
Woods veers, story to story, from a straightforward telling to a densely visual, sensuous and poetic mode, as well as from realism to fantasy. Even within her stories, she keeps readers suspended, unsure of what reality they have entered.
For instance, when, in "The Bell Tower," our narrator, a bell ringer in a small town, tells us she is a monster—"My hands are massive, paw-like. My hair is thick and coarse covering my body in patches. Black horns curl down round my ears"—we may accept the world as a phantasmagorical one, and the information as literal. However, as we discover that our narrator is the lover of a male buffalo, the physical description is re-engaged in our minds, as we consider it as metaphoric—a poetic illustration of the stigma imposed on the narrator by the other villagers.
And in "The Smallest Actions," Woods’ attention to subtle human gestures is so sensitive, so keen, that when a father smashes a lamp over his young daughter’s head, the story itself seems to burst apart, as if built too delicately to accommodate such an act. In this way the reader registers the violence of the event, experiencing a devastating shift of reality, and coming to understand the way abusive actions do, perhaps irrevocably, alter one’s consciousness.
What Woods brings to each of her stories is a startlingly acute emotional description of her characters as they grapple with loss, trauma, and identity—whether sleepwalking through their memories, or perched, wide-awake and hawk-eyed, on the outskirts of town.
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Reportmain
Date de l'assemblée vendredi 27 février 2015 10:00 Lieu de l'assemblée Halle Saint-Jacques, Bâle (entrée Brüglingerstrasse/St. Jakobs-Strasse) Type d'assemblée Assemblée générale ordinaire ISIN CH0012005267, Telekurs 1200526 Points marquants de l'ordre du jour Positions de vote Au POINT 5, le conseil propose une révision complète des statuts pour mettre en oeuvre l'ordonnance Minder. Ethos regrette la décision du conseil de proposer un seul Analyse de l'assemblée vote prospectif sur les rémunérations variables de la direction générale. Cela signifie que Informations sur la les actionnaires vont voter sur une enveloppe de rémunération maximale de la direction générale pour l'année qui suit l'assemblée générale. Ethos souligne que le projet de révision du Code des Obligations qui est actuellement mis en consultation par le Conseil Rapport de rémunération fédéral interdit le vote prospectif sur la rémunération variable. Ethos recommande de voter CONTRE (points 7.4.a, 7.4.b, 7.4.j, 7.4.k, 7.4.m des lignes directrices d'Ethos).
Conseil d'administration Au POINT 6.2, le conseil propose un vote contraignant et prospectif sur la rémunération totale de la direction générale pour l'année 2016. Le conseil demande une rémunération maximale totale de CHF 84 millions pour les 9 membres de la direction, dont CHF 69 millions sous forme de rémunération variable qui sera payée en partie en 2017 et en partie en 2019. Ethos ne peut pas approuver un tel montant aussi longtemps en avance alors que les objectifs de performance ne sont pas encore définis. Ethos recommande de voter CONTRE (points 4.3.b, 4.4.b des lignes directrices d'Ethos).
Au POINT 6.3, le conseil propose un vote consultatif du rapport de rémunération 2014, afin de permettre aux actionnaires d'émettre des critiques concernant la rémunération payée en 2014. Ethos salue la transparence du rapport de rémunération et les améliorations substantielles du système de rémunération dès 2014. Bien qu'Ethos n'a pas de critiques concernant le lien entre la rémunération et la performance, Ethos considère que le levier maximum de 9 fois le salaire de base pour la rémunération variable reste excessif. Ethos recommande de voter CONTRE (point 4.1.b des lignes directrices d'Ethos).
AGO 27.02.2015 Novartis Positions de vote Positions de vote 1. Aperçu de l'Assemblée Générale 1.1 Positions de vote à l'assemblée générale Position de vote Approbation du rapport annuel, des comptes consolidés et des Décharge aux membres du conseil d'administration et de la direction générale Décision sur l'emploi du bénéfice et sur le dividende Réduction du capital par annulation d'actions Modification des statuts: Mise en oeuvre de l'ORAb Votes sur la rémunération du conseil d'administration et de la direction générale Vote contraignant prospectif sur la rémunération du Conseil d'administration de l'assemblée générale de 2015 à celle de 2016 Vote contraignant prospectif sur la rémunération totale du Comité de direction pour le cycle de performance se terminant en 2016 Vote consultatif sur le rapport de rémunération 2014 Elections au conseil d'administration Réélection du Dr. Jörg Reinhardt comme Président du Conseil Réélection du Dr. Dimitri Azar Réélection du Prof. Dr. Verena Briner Réélection du Prof. Dr. oec. Srikant Datar Réélection de Mme Ann M. Fudge Réélection de M. Pierre Landolt Réélection du Dr. iur. Andreas von Planta Réélection du Prof. Dr. Charles L. Sawyers Réélection du Dr. Enrico Vanni Réélection de M. William Winters Election du Dr. Nancy C. Andrews Elections au comité de rémunération Réélection du Prof. Dr. oec. Srikant Datar au comité de Réélection de Mme Ann M. Fudge au comité de rémunération Réélection du Dr. Enrico Vanni au comité de rémunération Election de M. William Winters au comité de rémunération AGO 27.02.2015 Novartis Positions de vote Réélection de l'organe de révision Réélection du représentant indépendant 1.2 Résultats des votes de l'assemblée générale du mardi 25 février 2014 AGO 27.02.2015 Novartis Positions de vote Position de vote Approbation du rapport annuel, des comptes consolidés et des comptes annuels Décharge aux membres du conseil d'administration et de la direction générale Décision sur l'emploi du bénéfice et sur le Votes consultatifs sur la rémunération des membres du Conseil d'administration et du Comité de direction Vote consultatif sur la rémunération totale du Conseil d'administration de l'Assemblée générale de 2014 à celle de 2015 Vote consultatif sur la rémunération totale du Comité de direction pour le cycle de performance se terminant en 2013 Elections au conseil d'administration Réélection du Dr. Jörg Reinhardt et son élection 98 % comme Président du Conseil d'administration au cours du même vote Réélection du Dr. Dimitri Azar Réélection du Prof. Dr. Verena Briner Réélection du Prof. Dr. oec. Srikant Datar Réélection de Mme Ann M. Fudge Réélection de M. Pierre Landolt Réélection de Prof. h.c. Dr. rer. pol. Ulrich Réélection du Dr. iur. Andreas von Planta Réélection du Prof. Dr. Charles L. Sawyers Réélection du Dr. Enrico Vanni Réélection de M. William Winters Elections au comité de rémunération Election de M. Prof. Dr. oec. Srikant Datar au comité de rémunération Election de Mme Ann M. Fudge au comité de Election de M. Prof. h.c. Dr. rer. pol. Ulrich Lehner au comité de rémunération Election du Dr. Enrico Vanni au comité de Election de l'organe de révision Election du représentant indépendant Détail des présences : AGO 27.02.2015 Novartis Positions de vote Le taux de présence à l'assemblée générale 2014 était de 62% des actions avec droit de vote. Les voix étaient représentées comme suit: Représentant indépendant : 88% Actionnaires présents dans la salle : 12% AGO 27.02.2015 Novartis Analyse de l'assemblée Analyse de l'assemblée 2. Proxy Analysis Approve annual report, financial statements and accounts The board of directors requests shareholder approval of the company's annual report and of the annual and consolidated accounts for the fiscal year 2014.
Company performance in 2014 (see detailed figures in section 3.3 of this report) - Total Revenues variation in 2014 - Total Revenues variation (3-year annualised) - Operating Margin 2014 - Operating Margin 2013 - Net Income variation - Return on Equity 2014 - Return on Equity 2013 - Total Shareholder Return (TSR) During the year under review, Novartis' net sales stood at prior year's level at USD 58 billion despite the patent expiry of Diovan and the impact of generic competition. The pharma division remains the largest division with sales of USD 32 billion representing 55% of the Group sales and 79% of the Group operating income (excluding corporate income and expenses). The growth products that now represents 43% of the division's net sales (37% in 2013) mitigated the impact of increasing generic competition, especially in the US and in Japan. Alcon, the eye care division, represents 19% of Group sales (USD 11 billion) and 15% of Group operating income. Sandoz, the generic division, accounted for USD 9.5 billion, or 16% of the Group net sales and 10% of Group operating income (USD 1 billion). The Vaccines and Diagnostics division and the Consumer Health division are now included in the discontinuing operations of Novartis due to the major pending transactions. The discontinuing operations accounted for USD 6 billion or 10% of Group sales and generated an operating loss of USD 353 million.
Novartis announced on 22 April 2014 a major portfolio transformation by exchanging with GlaxoSmithKline plc (GSK) certain assets, building global leadership in key segments. Under the agreement, Novartis acquired GSK oncology product and divested Vaccines (excluding flu) to them. The two companies have also created a joint venture, combining their consumer divisions to create a world-leading consumer healthcare business. Separately, Novartis announced a definitive agreement with Eli Lilly and Company (Lilly) to divest the Animal Health Division, further focusing Novartis' portfolio on the leading businesses of innovative pharmaceuticals, eye care and generics.
Novartis presents a comprehensive annual report which includes a detailed management discussion and analysis, a detailed corporate governance section, a comprehensive remuneration report and a summary CSR report with key indicators. Additionaly, Novartis will publish a dedicated CSR report later in the year. Since 2014, Novartis reports in accordance with the G4 framework.
Ethos has no special concerns regarding the accuracy of the company's financial statements and accounts. As required by the Swiss Code of Obligations, the auditors confirmed that an internal control system designed for the preparation of financial statements exists as of 31 December 2014. Ethos, in accordance with its voting guidelines, recommends to vote FOR.
AGO 27.02.2015 Novartis Analyse de l'assemblée Discharge board members and executive management The board of directors requests shareholders to discharge its members as well as those of the executive management of their responsibilities for their management of the company for the fiscal year 2014.
In line with the Swiss Code of Obligations, shareholders are requested to release the members of the board of directors from liability for their activities during the fiscal year under review. Shareholders that grant the discharge lose their right to file claims against the members of the board of directors for activities carried out during the year relating to facts that have been disclosed to shareholders. Nevertheless, all shareholders maintain their rights to file claims for facts that have not been disclosed to shareholders when the discharge was granted.
Novartis is involved in several legal actions. In Japan, a subsidiary is accused of undisclosed conflict of interest related to Japanese post-registration investigator initiated trials (IIT) regarding Valsartan. The Japanese Ministry of Health, Labor and Welfare (MHLW) issued a business improvement order in July 2014 and is in the process of determining any additional sanctions against the subsidiary which could potentially include a temporary suspension of certain business activities.
In March 2014, the Italian Competition Authority (ICA) imposed to Novartis a fine equivalent to USD 125 million further to an investigation to assess whether Novartis and Roche colluded to preserve the market position of Lucentis in Italy due to the competition of the off-label Avastin. Novartis, as required by Italian law, has paid the fine and filed an appeal, which was rejected by the Tribunale amministrativo regionale del Lazio. Novartis intends to appeal this decision. The Italian Ministry of Health declared its intention to seek a total equivalent of approximately USD 1.4 billion in damages from Novartis and Roche entities based on the above allegations and the Lombardia region has sent a payment request equivalent to approximately USD 71 million to Novartis. The auditor's reports are not qualified and Ethos considers that these facts do not warrant withholding the discharge at this stage. Ethos, in accordance with its voting guidelines, recommends to vote FOR.
Approve allocation of income and dividend The board of directors proposes that the amount at the disposal of the AGM be allocated as follows: Net income of the Holding Company for the financial year 2014 At the disposal of the AGM Payment of dividend Carry forward to statutory accounts Consolidated Net Income Free Cash Flow (Cash flow from operating activities - Capital expenditures) CHF Dividend per Share 2.60 (2013: 2.45) Dividend Yield (based on the share price at year-end) Net Debt (Current and non-current debt - Cash and cash equivalents - Marketable securities) For the year under review, the board proposes to further increase the dividend to CHF 2.60 per share from CHF 2.45 last year. The total payout corresponds to approx. 63% of the consolidated net income. Upon approval of this proposal, the dividend will be paid as of 5 March 2015. The last trading day with entitelement to receive dividend is 2 March 2015.
The proposed dividend being covered by the consolidated net income and consolidated free cash flow, Ethos, in accordance with its voting guidelines, recommends to vote FOR.
AGO 27.02.2015 Novartis Analyse de l'assemblée Reduce share capital via cancellation of shares The board of directors proposes to reduce the company's share capital by CHF 14'600'000 via the cancellation of 29'200'000 shares with a nominal value of CHF 0.50. This corresponds to a 1.1% reduction of the issued share capital. The new share capital shall amount to CHF 1'338'496'500 divided into 2'676'993'000 registered shares with a nominal value of CHF 0.50. The shares were repurchased on a seconding trading line on the SIX Swiss Exchange.
The proposal is in connection with the sixth tranche of the CHF 10 billion buyback programme approved by the 2008 AGM. Ethos, in accordance with its voting guidelines, recommends to vote FOR.
Amend articles of association: Implementation of the Minder ordinance In view of the entry into force of the Minder ordinance on 1 January 2014, the board proposes an extensive revision of the company's articles of association. Ethos regrets that the board proposes a single vote for the entire revision of the articles of association ignoring the legal principle of "unity of content". The main amendments are the following: A) General Adaptations to the Minder Ordinance Currently, the company's articles of association are not in line with the new regulation and several articles need to be adapted. In particular, the following provisions will be added: Article 17: The new powers of the general meeting of shareholders (election of the chairman of the board, the members of the remuneration committee and the independent proxy, as well as approval of the remuneration of the members of the board of directors and the executive management).
Article 20: The new term of office of the members of the board of directors (1 year).
Article 24: The new duties of the board of directors (preparation of the remuneration report).
Article 14: The representation of shareholders at the general meetings either by another registered shareholder holding a written proxy or by the independent proxy. Article 14 also gives the possibility to shareholders to give instructions electronically to the independent proxy (remote vote).
Article 27: This new article regulates the organisation and powers of the remuneration committee that is elected by the AGM. It is important to note that the remuneration committee is not entitled to decide on the remuneration amounts but makes recommendation for approval to the whole board.
B) Provisions Related to Remuneration The board proposes to add several articles to the articles of association in order to introduce the provisions related to remuneration required by the Minder ordinance. In particular, the new provisions regulate the following matters: Modalities for Remuneration Votes Article 29: The board proposes that the votes on remuneration, that will be submitted to shareholders at the 2015 AGM and onward, will be forward-looking (prospective votes). Shareholders will therefore vote prospectively on the maximum aggregate amount to be paid to the board of directors from one AGM to the next. For the executive committee, the proposed amount of remuneration (fixed and variable) covers the next fiscal year (the 2015 AGM approves the remuneration budget for the 2016 financial year).
Ethos considers that a prospective vote on variable remuneration that is based on commercially sensitive information is not in the spirit of the Swiss constitution. Furthermore, the project of revision of Swiss company law that is currently in consultation forbids prospective votes on variable remuneration. Ethos therefore cannot approve Novartis' proposal to implement ex-ante votes on the variable remuneration of the executive management. In fact, in order to approve maximum potential amounts, Ethos would require extensive transparency with regard to the pay-for-performance connection (i.e. the disclosure of precise performance targets and the corresponding variable remuneration), which companies are not willing to disclose in advance. As illustrated by the agenda of the 2015 AGM (see ITEM 6.2), the company will not communicate any performance targets triggering the payment of the total remuneration budget.
AGO 27.02.2015 Novartis Analyse de l'assemblée Type of Remuneration for the Governing Bodies Article 31: The proposed amendment mentions the type of remuneration that the members of the board of directors and the executive committee will receive. The members of the board will receive a fixed remuneration in cash and shares. The value of the shares cannot exceed the remuneration in cash. The members of the executive management will receive a fixed remuneration in cash, an annual bonus in cash and shares, as well as a long-term incentive plan in shares.
Article 32: The proposed article states that the payment of annual bonuses will depend on the achievement of financial performance targets, as well as personal targets. The article mentions that the variable remuneration is capped but does not mention the effective level of that cap. Ethos regrets the absence of such information in the articles of association. The projet of revision of the Swiss company law foresees Articles of association of listed companies must include such a quantitative cap. Reserve for New Hires Article 30: In case of new hires subsequent to the approval by the AGM of the remuneration package, article 30 authorises the company to pay up to 40% of the aggregate amount of remuneration of the executive committee last approved by the AGM.
Based on the CHF 84 million total remuneration requested at this AGM for the executive committee (see item 6.2), the company would be allowed to pay up to CHF 36 million of additionnal remuneration to new joiners (between two AGMs). The additionnal remuneration amount is not pro-rata temporis. Ethos prefers that individual limits are set to avoid that a single large payment is made to a new joiner. C) Further Provisions In line with art. 12 of the Minder ordinance, the following additional matters must be regulated in the company's articles of association: Notice Period and Employment Contracts Article 33: The proposed article is in line with the Minder ordinance, which prohibits employment contracts and notice periods longer than 1 year. However, under article 33 para 2 of the articles of association, the contracts of the members of the executive management may contain a non-compete clause of up to 12 months against a total annual remuneration (base salary and annual incentive last paid to the member of the executive committee).
Ethos regrets the possibility to include such a clause in the executive contract as it allows Novartis to pay up to two years' remuneration upon resignation of an executive which can be seen as a "disguised golden parachute".
Activities Outside the Group Article 34: Under the proposed article, the members of the board of directors and the executive committee can have up to 10 mandates in the governing bodies of other listed companies of which 4 mandates in listed legal entities. Ethos welcomes that Novartis will consider a chairmanship of a listed company as two mandates. All mandates have to be approved by the board of Novartis. For the members of the management, article 34 allows up to 6 additional mandates of which 2 in listed companies. Members of the executive management of Novartis are not allowed to hold any chairmanship in a listed company. Ethos considers that two mandates in listed companies for the member of the executive committee is excessive.
Article 35 stipulates that no loans or credits shall be granted to the members of the board or the executive committee which Ethos welcomes.
In view of the above concerns, in particular the prospective vote on the variable remuneration of the executive management, Ethos recommends to OPPOSE (points 7.4.a, 7.4.b, 7.4.j, 7.4.k, 7.4.m of Ethos' guidelines).
AGO 27.02.2015 Novartis Analyse de l'assemblée Votes on the remuneration of the board of directors and the executive management Binding prospective vote on the remuneration of the Board from 2015 AGM to The board of directors requests shareholder approval of the total maximum remuneration to be paid to the board of directors for the period from the 2015 to the 2016 AGM (prospective vote).
A) Board Proposal The board requests a maximum total amount of CHF 7'745'000 for the 11 members of the board (including the chairman). In the meeting agenda, the amount is broken down as follows: Joerg Reinhardt, chairman of the board 10 other board members In 2014, CHF 8.7 million were paid to the board members (including leavers) or CHF 8.23 million for the 11 members who acted throughout 2014. The requested amount is therefore below the 2014 total remuneration. The chairman's remuneration in 2014 was CHF 3.95 million. The proposed remuneration therefore represents a 4% decrease. The average remuneration of the other board members is CHF 394'000 per year. B) Comparison to Company Peers Median remuneration of chairmen of peer companies in 2013 (SMI Median remuneration of other board members of peer companies in 2013 The potential remuneration of the chairman is 331% higher than the median of the peer group (18% higher than the peer group for the other board members).
Ethos assessement Ethos considers that the remuneration of the board chairman remains high when compared to the other chairmen of international pharmas included in Novartis' peer group and chairmen of SMI companies. However, Ethos notes that the comparison with non Swiss companies is difficult for such a position. In fact, among the 12 companies included in Novartis' peer group, 6 have combined functions of chairman and CEO. Compared to the other companies where the functions are split, the chairman's role can be very different. Therefore, Ethos considers that it is more adequate to compare Mr. Reinhardt's remuneration with the remuneration of other chairmen of large Swiss listed companies (see above figure). With regards to SMI chairmen, Mr. Reinhardt's remuneration of CHF 3.8 million is above the median. Novartis mentions in its remuneration report that it compares the remuneration of its chairman to the remuneration of the chairmen of ABB, Credit Suisse, Holcim, Nestlé, Roche, Syngenta and UBS. Based on Ethos' data, the median remuneration of the chairmen of this peer group is CHF 3.4 million. Ethos considers that his remuneration has to be analysed in light of his workload and commitment to Novartis. Ethos therefore regrets that Novartis has not disclosed whether Mr. Reinhardt is a full time chairman. When asked, Novartis informed Ethos that Dr. Reinhardt's time commitment is between 50% and 100%. Novartis considers him as an independent non-executive chairman. Ethos considers that Novartis should disclose more information in this respect in order to allow assessment of the appropriateness of this remuneration level.
AGO 27.02.2015 Novartis Analyse de l'assemblée Regarding the other board members, Ethos observes that their remuneration is largely above the remuneration paid to the board members of other international companies. However, Ethos considers it more relevant to compare the remuneration of board members of a Swiss listed company to that of other Swiss peers. In fact, the role of board members in Swiss companies includes both strategic guidance to the management and supervisory functions which is not always the case in other countries. Compared to other SMI companies, the proposed remuneration of non-executive board members remains above the median. However, when looking at the market capitalisation of Novartis (CHF 250 billion at year-end 2014), the responsibilities of board members and their involvement in the company, the proposed fee structure is acceptable.
C) Ethos' Recommendation While the remuneration level of the board chairman remains high compared to other non-executive chairmen of international pharma companies included in Novartis' peer group, Ethos believes that the remuneration of Mr. Reinhardt is in line with his time commitment and specific roles. Regarding the fees of the other board members, Ethos also considers them to be high. They however reflect the increasing responsibilities of board members of Swiss listed companies, in particular of the size of Novartis (among the top 20 world largest companies) and the need to attract highly qualified non-executive directors. As mentioned under section 4.1 of this analysis, the total remuneration of the board members has significantly decreased since 2011 which was the first full year of Mr. Vasella as non-executive chairman. The total remuneration envelope of the board has decreased from CHF 20 million in 2011 to CHF 7.75 million for the year 2015/16. Ethos, in accordance with its voting guidelines, recommends to vote FOR.
Binding prospective vote on the total remuneration of the executive management for the financial year 2016 The board of directors requests shareholder approval of the total maximum remuneration to be paid to the executive management for the 2016 financial year (prospective vote).
A) Board Proposal The board requests a maximum amount of CHF 84'000'000 to be paid to the 9 members of the executive management (including the CEO). In the meeting agenda, the amount is broken down as follows: Maximum Short-term incentive* Maximum Long-term incentive (assuming constant share price at vesting Pension contributions and other benefits * The amount requested for the short-term incentive corresponds to the maximum that can be paid out in early 2017 in case of overachievement of targets in relation to the performance during the 2016 financial year.
** The amount requested for the long-term incentive corresponds to the maximum that can be granted in the 2016 financial year for the performance period 2016-2018 that will vest in early 2019 with vesting level of 200%. Ethos notes that this amount does not include the share price appreciation factor. This means that upon vesting in 2019, the amount received can be higher in case of increase in Novartis' share price.
B) Ethos' Appraisal of the Requested Amount B.1) Base salaries (CHF 9.5 million) The proposed amount for the base salaries covers 9 members of the executive management. In 2014, the executive management included 11 members. CHF 8.8 million were paid to the same 9 members of the executive management as base salaries. According to the breakdown provided by the company, the requested amount therefore allows for a 8% increase in the base salaries of the executive management. The potential increase is not explained in the meeting agenda.
According to Novartis' data, the median of the 2014 base salaries of the CEO of 12 international pharma companies was CHF 1'592'000 (exchange rates on 31.12.2014).
AGO 27.02.2015 Novartis Analyse de l'assemblée With a 2014 base salary of CHF 2 million, Novartis CEO's base salary ranks second in the peer group and is 29% higher than the median. Following the Swiss National Bank's decision to remove the EUR/CHF floor, the spread compared to the median has further increased. B.2) Other fixed remuneration (CHF 5.5 million) Ethos notes that the requested amount is significantly higher than the amount paid in the past 9 years (maximum amount over the period of CHF 4.4 million and an average of CHF 2.66 million). CHF 3 million of this amount is estimated for benefits such as housing and children's school fees. Novartis does not provide further details regarding the difference between the requested amount and the historical effective amount.
B.3) Variable remuneration (maximum annual incentive of CHF 23 million and long term incentive plan of CHF 46 million) Novartis mentions in the meeting agenda that the target amount of the annual incentive for the 9 members of the executive management is CHF 11.5 million (if 100% of undisclosed targets is reached) and that the maximum potential amount of CHF 23 million is paid only upon achieving 200% of the targets. As stipulated in the meeting agenda, 50% of the annual incentive is paid in Novartis shares restricted for 3 years (meaning that the beneficiary will receive the shares only if he is still employed by the company 3 years after grant).
Regarding the targets, Novartis mentions that the performance measurement is based on a payout matrix made up of individual balanced scorecard (including financial targets) and achievements regarding the Novartis Values and Behaviors principles.
For the long term incentive plan, the targeted amount to be granted in conditional shares (upon reaching 100% of the targets) is CHF 23 million while the maximum amount (without share price appreciation at the end of the three year performance period) is CHF 46 million. The vesting of the shares will depend on Novartis' performance between 2016 and 2018. The performance criteria is the Novartis Group Cash Value Added, divisional long term innovation milestones and Novartis' relative total shareholder return (TSR) compared to 12 healthcare companies. Depending on the performance, the final number of shares to vest in three years can vary between 0% and 200%. The CHF 46 million requested shall be not sufficient in case of a 200% leverage level achievement coupled with the share price appreciation. Novartis does not intend to hold an additional vote if the amount is not sufficient.
Novartis does not provide the amount reserved for the company CEO but only provides general figures. Based on the 2014 remuneration report, the company CEO's targeted variable remuneration was 450% of his base salary and could reach 900% in case of overachievement. Therefore, based on the 2014 base salary of the company CEO, Ethos estimates that a maximum amount of approximatey CHF 20 million is reserved for Mr. Jimenez.
B.4) Total remuneration Based on Novartis information, the targeted total remuneration of the company CEO is CHF 11.3 million while the median targeted remuneration of the other CEO of Novartis' peers is CHF 14 million. Ethos also notes that Novartis' remuneration structure is among the best in the peer group as the entire long term awards have performance conditions which is not the case in other companies where part of the long term award are only "time-vesting" awards.
B.5) Ethos assessement Ethos considers that the remuneration structure is adequate as most of the variable remuneration is deferred and subject to the achievement of pre-defined targets (not disclosed). The 2014 level of base salary of the company CEO (approx. CHF 2 million) significantly exceeds the median of the peer group of international pharmaceuticals companies. However, the targeted total remuneration (including on-target variable remuneration) stands below the median of Novartis' international peer group. There is no information on the maximum variable remuneration of the CEO of the peer group. The company requests a potential variable remuneration of CHF 69 million for 9 persons without disclosing a range of performance targets for attribution. The requested total variable remuneration represents 726% of the total requested base salaries. Ethos' limit for variable remuneration is 300% of the base salary for outstanding achievements.
While Ethos commends the company's transparency regarding the 2014 remuneration report (see ITEM 6.3), it considers that the level of transparency provided to shareholders to prospectively approve the 2016 variable remuneration is insufficient. Ethos therefore clearly favors a retrospective vote on variable remuneration which allows companies to better explain the pay for performance connections.
AGO 27.02.2015 Novartis Analyse de l'assemblée C) Ethos' Recommendation While Ethos considers that Novartis has made significant progress in terms of transparency and remuneration structure, it considers that the total maximum potential variable remuneration requested for the executive management is too high. A retrospective vote of the variable remuneration would be more adequate to allow shareholders to assess the effective variable remuneration payment against performance achievements. As mentioned above, the remuneration structure is not in line with Ethos' guidelines. In particular, the maximal potential variable remuneration is far above Ethos' limit of 300%. Therefore, Ethos, in accordance with point 4.5.c of its voting guidelines, recommends to OPPOSE.
Advisory vote on the 2014 remuneration report The board of directors requests an advisory vote on the remuneration report included in the annual report. While the vote is not binding, it allows shareholders to send a message to the board that could help shape executive remuneration. The remuneration report describes the remuneration policy and discloses the remuneration paid to both non-executive board members and members of the executive board. Section 4 of this report includes the description and detailed figures of the 2014 remuneration of the board of directors and of the members of the executive management of the company. A) Ethos' Appraisal of the Remuneration System Positive features The company discloses the precise performance conditions for the annual bonus, as well as the target and maximum bonus as a percentage of the base salary. In addition, the level of bonus paid with regard to the performance achieved during the year under review is clearly explained in the remuneration report. Ethos welcomes the improvements made by Novartis in the 2014 remuneration report.
For the long-term incentive plan, Novartis explains in detail the vesting level of the 2012-2014 plan that vested in 2014.
Novartis discloses the individual remuneration of the 9 members of the executive management which exceeds the requirement of the Swiss company law. While Novartis is very transparent with regard to the targets and achievements of the company CEO, Novartis provides little information regarding the 9 other members of the management.
B.2) Remuneration Structure: Board Members During the year under review, the chairman of the board, Mr. Reinhardt, received CHF 3'957'844 (not comparable to 2013 as he joined the board in August) of which 50% is taken in unrestricted shares, while the other members of the board received on average CHF 427'270 (-26.2%) of which 50% in company shares. The chairman's remuneration is 9.3 times the average remuneration of the other members of the board.
Positive features The non-executive directors do not receive any performance-related remuneration or options, which is compliant with best practice.
Part of their remuneration is paid in shares, which helps to align the interests of the board members with those of the shareholders.
As mentioned under item 6.1 of this AGM, Ethos considers that the level of remuneration of the board members is high compared to peers.
Shares granted to the board chairman are unrestricted. This is surprising since the goal of granting shares is to align the interests of the beneficiary with the interests of the shareholders. However, Novartis' chairman is required to hold 30'000 Novartis shares (CHF 2.7 million). Ethos considers that the shareholding requirement should represents an aggregate value equivalent to one-year remuneration which is not the case at Novartis.
AGO 27.02.2015 Novartis Analyse de l'assemblée B.3) Remuneration Structure: Executive Management Members of the executive management, including the CEO, have a base salary and can receive variable remuneration under 3 incentive plans, which are described in detail under section 4.4 of this report. For the year under review, the company CEO, Mr. Jimenez, received a total remuneration of CHF 12'648'490 (-4.4%), of which 81% is variable. His total variable remuneration at grant represents 4.95 times his base salary. The other members of the management received on average CHF 4'360'671 (-15.4%), of which 73% is variable. Their total variable remuneration at grant represents 3.82 times their average base salary.
Positive features For the first time in 2014, the remuneration was awarded based on the new remuneraton structure that entered into force as of 1 January 2014. However, the vesting of the awards made in 2012 that vested at year-end 2014 is still part of the old long term incentive plan. The first final grant under the new long term incentive plan is due to vest for the first time at year-end 2016.
Novartis has provided extensive information to demonstrate the pay for performance connections. For the financial year 2014, the board of Novartis has considered that targets were exceeded. This resulted in an effective short term variable remuneration for the company CEO of 138% of the targeted remuneration.
Based on Ethos performance assessement model, Novartis performance in 2014 was above the median of the peer group (pharmaceutical companies including in the MSCI World Index and SPI Index). Granting an "above-target" bonus is therefore acceptable (Ethos performance assessement model evaluates the relative peformance of the company against company active in the same industry on three dimensions: delta EBITDA/sales, relative TSR and relative ratio of ROIC / WACC).
Ethos' 2015 voting guidelines recommend that, in principle, the total variable remuneration (including short-term and long-term incentives) should not exceed 3 times the base salary for the CEO and 2 times the base salary for the other members of the executive management. At Novartis, the total variable remuneration 2014 (including the 2014 STI of CHF 4 million and target grant on the long-term plan 2014-2016), was CHF 10.2 million for the CEO, representing 4.95 times his base salary (3.82 times for the other members of management).
C) Ethos' Recommendation In view of the above concerns, Ethos, in accordance with point 4.1.b of its voting guidelines, recommends to OPPOSE.
Elections to the board of directors The board of directors proposes to re-elect 10 of its 11 members for a one-year term and to newly appoint Dr. Nancy C. Andrews to serve for a 1-year term. Prof. h.c. Dr. rer. pol. Ulrich Lehner is not standing for re-election at this AGM.
Main features of board composition after the AGM (for more details, see section 5 of this report) Combination of the functions of Chairman and CEO % independent directors % executive directors % women directors Average age of directors Average board tenure Novartis considers all its board members as independent in accordance with the company's own criteria and the criteria set by the NYSE for foreign issuers. However, based on Ethos' voting guidelines, Ethos cannot consider as independent Mr. Reinhardt (former executive of the company), Prof. Dr. oec. Datar (on the board for more than 12 years), Dr. Sawyer (due to business relations) and Mr. Landolt (important shareholder via Emasan and on the board for more than 12 years). However, since more than 50% of the board members are independent, the composition of the board is in line with Ethos voting guidelines.
AGO 27.02.2015 Novartis Analyse de l'assemblée In 2014, the board met 8 times with a high attendance rate. Only Mr. Lehner, who does not stand for re-election this year, did not attend 100% of the board and committee meetings.
In terms of diversity, Novartis is among the leading Swiss companies with a ratio of 27.3% of female directors (upon approval of the election of Ms Nancy Andrews).
Re-elect Dr. Jörg Reinhardt as board chairman The board proposes to re-elect Dr. Jörg Reinhardt (German, 58) for a further 1-year term. Dr. Reinhardt has been board member since 2013 and is considered affiliated by Ethos due to his position as full time chairman and his remuneration of CHF 3.8 million. Ethos notes that Dr. Reinhardt is a former executive of Novartis. Dr. Reinhardt joined Sandoz in 1982 and, following the merger that created Novartis in 1996, became head of preclinical development and project management at Novartis. In 2008, he became COO of Novartis until January 2010. Novartis proposes a single vote for the election of Dr. Reinhardt as board member and chairman of the board. Ethos generally prefers two separate votes. Ethos has no reserves regarding this reelection and, in accordance with its voting guidelines, recommends to vote FOR.
Re-elect Dr. Dimitri Azar The board proposes to re-elect Dr. Dimitri Azar (US Citizen, 55) for a further 1-year term. He has been board member since 2012 and is currently member of the audit committee and of the research & development committee. He is considered independent. Dr. Azar is the Dean of the College of Medicine of the University of Illinois at Chicago (USA) specialised in ophthalmologic surgery.
Ethos, in accordance with its voting guidelines, recommends to vote FOR.
Re-elect Prof. Dr. Verena Briner The board proposes to re-elect Prof. Dr. Verena Briner (Swiss, 64) for a further 1-year term. She has been board member since 2013 and is currently member of the risk committee. She is considered independent. She is currently Chief Medical Officer and Head of Department at the Lucerne Cantonal Hospital. Novartis has not disclosed and Ethos is not aware of potential business connections between Novartis and the Lucerne Hospital that might impair Dr. Briner's independence. Ethos, in accordance with its voting guidelines, recommends to vote FOR.
Re-elect Prof. Dr. oec. Srikant Datar The board proposes to re-elect Prof. Dr. oec. Srikant Datar (US Citizen, 62) for a further 1-year term. He has been board member since 2003 and is currently member of the audit committee (chairman) the compensation committee and the risk committee. Dr. Datar is a chartered accountant and is considered as financial expert for the audit committee. Ethos notes that Dr. Datar is board member of 3 other listed companies (T-Mobile (USA), Stryker Corporation (USA) and ICF International (USA)). Dr. Datar is considered affiliated as he has been sitting on the board for more than 12 years. Since the board consists of more than 50% independent directors and that Dr. Datar attended 100% of the board and committee meetings, Ethos, in accordance with its voting guidelines, recommends to vote FOR.
Re-elect Ms. Ann M. Fudge The board proposes to re-elect Ms. Ann M. Fudge (US Citizen, 64) for a further 1-year term. She has been board member since 2008 and is currently member of the corporate governance and nomination committee, the compensation committee and the risk committee. She is considered independent. Ethos, in accordancee with its voting guidelines, recommends to vote FOR.
AGO 27.02.2015 Novartis Analyse de l'assemblée Re-elect Mr. Pierre Landolt The board proposes to re-elect Mr. Pierre Landolt (Swiss, 68) for a further 1-year term. He has been board member since 1996 and is currently member of the corporate governance and nomination committee (chairman). He is considered affiliated as he has been sitting on the board for more than 12 years as representative of Emasan, that holds a 3.3% stake in Novartis. He is also board member of several companies in which he has direct interests (see board of directors report).
Since the board consists of more than 50% independent directors, Ethos, in accordance with its voting guidelines, recommends to vote FOR.
Re-elect Dr. iur. Andreas von Planta The board proposes to re-elect Dr. iur. Andreas von Planta (Swiss, 60) for a further 1-year term. He has been board member since 2006 and is currently member of the audit committee, the corporate governance and nomination committee and the risk committee (chairman). He is considered independent.
Dr. von Planta is board member of Helvetia. He holds several other mandates in non listed companies. Dr. von Planta attended 100% of the board and committee meetings. Ethos, in accordance with its voting guidelines, recommends to vote FOR.
Re-elect Prof. Dr. Charles L. Sawyers The board proposes to re-elect Prof. Dr. Charles L. Sawyers (US Citizen, 56) for a further 1-year term. He has been board member since 2013 and is currently member of the research and development committee. Novartis mentions that Dr. Sawyers co-developed Novartis' cancer drug (Glivec). Dr. Sawyers is Charman of the Sloan Kettering Memorial Cancer Center (USA), where Novartis has a licensing agreement to develop a new monoclonal antibody series that Novartis will be able to develop for all indications. In exchange, Novartis paid an up-front amount and will make potential payments in the future upon achievement of development, regulatory and sales milestones as well as annual net sales royalty payments to the Center. For all these reasons, Ethos cannot consider Dr. Sawyers as independent.
Re-elect Dr. Enrico Vanni The board proposes to re-elect Dr. Enrico Vanni (Swiss, 64) for a further 1-year term. He has been board member since 2011 and is currently member of the audit committee, the compensation committee (chairman) and of the research and development committee. He is considered independent. Ethos, in accordance with its voting guidelines, recommends to vote FOR.
Re-elect Mr. William Winters The board proposes to re-elect Mr. William Winters (British, 54) for a further 1-year term. He has been board member since 2013 and is candidate to the compensation committee. He is considered independent. Mr. Winters is CEO and Chairman of Renshaw Bay, London, an alternative asset management and advisory company founded in partnership with Mr. Johann Rupert's Reinet Investment and Lord Jacob Rothschild's RIT Capital Partners.
Mr. Winters is former co-CEO of JP Morgan Investment Bank. Ethos notes that, based on Bloomberg data, JP Morgan Investment Bank was not one of the 5 top advisors of Novartis for M&A activities and last advised Novartis in 2008. Ethos, in accordance with its voting guidelines, recommends to vote FOR.
AGO 27.02.2015 Novartis Analyse de l'assemblée Elect Dr. Nancy C. Andrews The board proposes to newly appoint Dr. Nancy C. Andrews (US Citizen, 57) for a 1-year term. Dr. Andrews holds a medical degree from Harvard Medical School and a Ph.D. in biology from the Massachusetts Institute of Technology. She is currently Dean of the School of Medicine at Duke University. Dr. Andrews is member of the Council of the Institute of Medicine of the National Academies (USA), as well as member of the American Academy of Arts and Sciences. She is considered independent. Ethos, in accordance with its voting guidelines, recommends to vote FOR.
Elections to the compensation committee The board of directors proposes to re-elect 3 of the 4 members of the compensation committee to serve for a one-year team and to newly appoint Mr. William Winters for a 1-year term. Prof. h.c. Dr. rer. pol. Ulrich Lehner is not standing for re-election as he is leaving the board of directors at this AGM. The board of directors intends to designate again Dr. Enrico Vanni as Chairman of the compensation committee, subject to his re-election as a member.
Re-elect Prof. Dr. oec. Srikant Datar to the compensation committee The board proposes to re-elect Prof. Dr. oec. Srikant Datar to the compensation committee for a 1-year term. Dr. Datar brings valuable financial expertise to the compensation committee. He is considered affiliated, but, since the committee consists of more than 50% independent directors, Ethos, in accordance with its voting guidelines, recommends to vote FOR.
Re-elect Ms. Ann M. Fudge to the compensation committee The board proposes to re-elect Ms. Ann M. Fudge to the compensation committee for a 1-year term. Ethos has no special concerns regarding Ms. Fudge's membership of the compensation committee. She is independent and brings leadership and marketing experience as former chairwoman of a global marketing communications company. Ethos, in accordance with its voting guidelines, reommends to vote FOR.
Re-elect Dr. Enrico Vanni to the compensation committee The board proposes to elect Dr. Enrico Vanni to the compensation committee for a 1-year term. Dr. Vanni brings his great experience as senior consultant at McKinsey specialising in the pharma industry. Dr. Vanni is independent.
Elect Mr. William Winters to the compensation committee The board proposes to elect Mr. William Winters to the compensation committee for a 1-year term. Ethos has no special concerns regarding Mr. Winters' presence in the compensation committee. He is independent and has a broad experience in finance as Chairman/CEO of Renshaw Bay and former co-CEO of JPMorgan Investment Bank.
Re-election of the auditors The board of directors recommends that shareholders ratify the re-appointment of PricewaterhouseCoopers as the company's external auditors for a further 1-year term.
AGO 27.02.2015 Novartis Analyse de l'assemblée Audit versus non-audit fees Non-audit fees / Audit fees (2014) Non-audit fees / Audit fees (3-year aggregate) Ethos, in accordance with its voting guidelines, recommends to vote FOR.
Re-election of the independent proxy The Minder ordinance, which entered into force on 1 January 2014, requires that the independent proxy be elected by the shareholders. The board of directors therefore proposes the appointment of lic. iur. Peter Andreas Zahn as independent proxy for a 1-year term.
Ethos is not aware of any potential conflict of interests and, in accordance with its voting guidelines, recommends to vote FOR.
Transact any other business Ethos recommends to oppose any unannounced additional proposals made during the AGM either by the board or by a shareholder. The formal meeting agenda does not include this proposal which is only included in the proxy card with no precise item number. Ethos, in accordance with point 9.1 of its voting guidelines, recommends to OPPOSE.
AGO 27.02.2015 Novartis Informations sur la société Informations sur la société Company Information Before the General Meeting of 27 February 2015 3.1 General Information Basel (BS), Switzerland Novartis is one of the world's largest pharmaceutical companies active in research and development as well as marketing of products. Novartis offers its products and services through its three divisions: Pharmaceuticals (61% of the 2014 group's net sales on continuing operations), Alcon (21%) and Sandoz (18%). Furthermore, Novartis holds a 33.3% stake in Roche, representing a market value of USD 14.4 billion at the end of 2014.
In 2014, Novartis announced agreements with GlaxoSmithKline plc, Eli Lilly and Company and CSL Limitted on a set of transactions intended to transform the portfolio of businesses. The aim of these transactions is to strengthen the three divisions of Novartis: pharmaceuticals, eye care and generics. In particular, the oncology business is enhanced.
Total number on 31.12.2014: 133413 of whom 15177 in Switzerland Dr. Jörg Reinhardt (since 2013), German, aged 59 Joseph Jimenez (since 2010), US Citizen, aged 55 SIX Swiss Exchange (Virt-X) New York Stock Exchange (ADS) AGO 27.02.2015 Novartis Informations sur la société Registered shares The company has no authorised or conditional capital. A capital reduction of CHF 14'600'000 is proposed under ITEM 5.
Conditions to file Nominal value required Market value required % of voting share capital Restriction on re- Registration with voting rights is limited to 2% for shareholders and shareholder unions. Nominee gistration of shares registration is limited to 0.5%, unless full disclosure of beneficial owners is made. Exceptions may be authorised by the board of directors.
Holders of American Depositary Shares (ADS) may vote by instructing JPMorgan Chase Bank to exercise the voting rights attached to the registered shares underlying the ADS. JPMorgan Chase Bank, as depositary, may exercise the voting rights for deposited shares represented by ADS at its discretion to the extent that the holders of the ADS have not given instructions as to how such underlying shares should be voted.
On 31 December 2014 (no subsequent announcement on the SIX Swiss Exchange): Shareholders:- Capital Group Companies: 4.98% (voting rights limited to 2%)- Novartis Foundation for Employee Participation: 3.2% with full voting rights- Emasan AG: 3.3% with full voting rights- BlackRock (USA): 3.02 % (voting rights limited to 2%)- Norges Bank (Norway): < 2% with full voting rights Nominees:- JPMorgan Chase Bank (USA): 9.1%- The Bank of New York Mellon (USA): 4.6%, through its nominees Mellon Bank, USA (2.6%) and The Bank of New York Mellon Brussels, Belgium (2.0%)- Nortrust Nominees (UK): 3.2% ADS Depositary:- JPMorgan Chase Bank (USA): 11.4% as depositary of ADS listed on the NYSE Unregistered shares (with no voting rights): 29.82% (including 5.7% held by Novartis as treasury shares) AGO 27.02.2015 Novartis Informations sur la société 3.3 Financials and Key Figures Reporting standard Net income attributable to shareholders (without minority interests) Shareholders' equity Market capitalisation at year-end Earnings per registered share (basic) Dividend per registered share Payout ratio (on group net income) Market value per registered share at year end The payout ratio is given as reported in the annual report 2014. The above figures include the discontinuing operations (vaccines and animal health) representing sales of USD 5.8 billion. The operating loss from discontinuing operations amounts to USD 353 million in 2014.
3.4 External Auditor PricewaterhouseCoopers, since 1996 Audit related fees Mr. Bruno Rossi, auditor in charge and Mr. Stephen Johnson, global relationship partner, began serving in their respective roles in 2013 and 2014 respectively. The audit and compliance committee ensures that the lead auditor changes at least every five years.
Audit related fees include fees for services such as audits of pension and benefit plans, contractual audits of third-party arrangements, assurance services on corporate responsibility reporting and compliance with corporate integrity agreements.
Of the non-audit fees, USD 200'000 was paid for tax services and USD 100'000 for other services (training in the finance area, benchmarking studies, and license fees for use of accounting and other reporting guidance databases).
AGO 27.02.2015 Novartis Rapport de rémunération Rapport de rémunération 4. Remuneration Report 4.1 Evolution of the Aggregate Remuneration A Members of the Executive Management B Board Members (Outside Executive Management) AGO 27.02.2015 Novartis Rapport de rémunération 4.2 Global Remuneration Figures A Members of the Executive Management Total number of persons (FTE) Highest paid executive Average other executives B Board Members (Outside Executive Management) Total number of persons (FTE) Highest paid non-executive Average other non-executives AGO 27.02.2015 Novartis Rapport de rémunération Members of the executive management: The executive remuneration includes the following elements:• Base salary• Short-term incentive plan: half paid in cash and half in shares blocked for 3 years (see point 4.4.B of this report)• Two long-term incentive plan in the form of perfomance shares with a 3-year performance period: one based on cash value added and innovation, the other based on relative TSR (see point 4.4.C of this report)• Pensions• Other benefits The highest paid member of the management was Mr. Jimenez (CEO) both in 2013 and 2014. All shares are valued at their fair market value at date of grant.
Non-executive board members: The highest paid non-executive in 2014 is the chairman of the board, Dr. Reinhardt. His remuneration is not comparable to his 2013 remuneration since he joined the board of directors in August 2013.
Non-executive board members receive fixed fees for board membership as well as committee chairmanship and membership fees. At least 50% of the fees must be taken in unrestricted shares. As of 2014, the annual board membership fee (excluding committee fees) has been reduced from CHF 350'000 to CHF 300'000. The vice chairman's compensation will remain at the same level. The committee membership was reduced from CHF 50'000 to CHF 30'000.
Starting 2014, the Board fees are reported on a financial year basis (in 2013 fees were reported from AGM to AGM).
4.3 Individual Remuneration Figures Individual figures for 2014 (CHF) A Members of the Executive Management A. Oswald, Divisional B. Mc Namara, Divisional D. Epstein, Divisional G. Gunn, Divisional J. George, Divisional R. Francis, Divisional B Board Members (Outside Executive Management) AGO 27.02.2015 Novartis Rapport de rémunération A. von Planta, Mbr • Not included in the remuneration figures, Mr. Francis (who joined the company on 1 May 2014) will receive 41'500 RSU, for an approximate amount of CHF 3.2 million for lost entitlements at his former employer.
• Not included in the remuneration figures, Mr. Brokatzky-Geiger (who left the management on 25 February 2014) received a total compensation of CHF 3'378'360.
• Not included in the remuneration figures, Mr. Buehler (who left the management on 30 April 2014) received a total compensation of CHF 6'141'620.
• The chairman Dr. Reinhardt is receiving a replacement payment totalling EUR 2.6 million to cover lost entitlements at his former employer (not included in the above table). This amount is being paid over the period 2014 to 2016, provided that he remains chairman at Novartis. For financial year 2014, he received a first instalment of EUR 748'000.
• The Sandoz Family Foundation is the economic beneficiary of the compensation received by Pierre Landolt.
AGO 27.02.2015 Novartis Rapport de rémunération 4.4 Best Practice Checklist A Members of the Executive Management Each member's remuneration disclosed separately All pay components disclosed separately (salary, bonus, LTI, pension) Peer group's companies disclosed Accrual principle applied Performance criteria for short-term incentive adequately disclosed % of annual bonus depending on individual criteria disclosed Ex-post explanation of the level of achievement of the performance objectives for the short-term incentive Performance criteria for the vesting of long-term incentive adequately disclosed Precise performance objectives for the vesting of the long-term incentive disclosed Level of vesting of the long-term incentive (in % of the initial grant) disclosed Shares granted valued at fair market value Options granted valued at fair market value B Board Members (Outside Executive Management) Non-executive directors' fees partly paid in shares Non-executive directors do not receive options Non-executive directors do not receive performance based remuneration Minimum share ownership requirements exist for non-executive board members Non executive board members are required to own at least 4'000 Novartis shares within 3 years after joining the board of directors (30'000 for the chairman).
AGO 27.02.2015 Novartis Rapport de rémunération 4.5 Remuneration Structure (Executives) A Remuneration Breakdown Short-term incentives Long-term incentives Of highest paid executive Of other executives B Short-term Incentives Short-term incentives in % of base salary Of highest paid executive Of other executives Performance criteria mentioned: - Balanced Scorecard: 60% group financial and innovation targets, 40% individual objectives- Novartis Values and Behaviors Business performance includes: group net sales, group net income, groupe free cash flow as % of sales, corporate net result and weighted average of division innovation.
Individual performance is based on the following key areas: specific additional financial targets, innovation and growth targets, portfolio review, organization, quality & customer satisfaction and cross-divisional synergies.
Description of the short-term incentive: The annual bonus is paid half in cash and half in shares restricted for three years. However, the members may elect to receive more shares instead of cash.
The annual bonus is based on a matrix of two elements: the Balanced Scorecard and Novartis Values and Behaviors. The payout may range from 0% to 200%, depending on the grades.
The target incentive of the CEO is 150% of the base salary and may vary from 0% to 300% depending on the achievement of performance measures. For other members ot the executive committee, the target incentive ranges from 90% to 120% of the base salary and may vary from 0% to two times the target.
The company fullly disclosed in a comprehensive table the 2014 balance scorecard of the CEO as well as his final performance factor (130%).
AGO 27.02.2015 Novartis Rapport de rémunération C Long-term Incentives Fair value at grant date disclosed Vesting period for time-vesting awards Performance period Sale restriction after performance/vesting period Absolute performance criteria for vesting Relative performance criteria for vesting Initial grant for the highest paid (in % of the base salary) Minimum final grant (in % of initial grant) Maximum final grant (in % of initial grant) Maximum payout (valued at date of grant, in % of the base salary) Plan 1: Long-Term Performance Plan (LTPP)This plan is the performance share plan under which conditional shares are granted annually and tested against the company's "Cash Value Added" (NCVA) and up to 10 key Innovation Milestones, which weight respectively 75% and 25% of the plan, over a three-year performance cycle. The initial grant is 200% of the base salary for the CEO and ranges from 140% to 190% for other executive committee members. Depending on the performance achieved, between 0% and 200% of the conditional award will be granted at the end of the performance period.
Plan 2: Long-Term Relative Performance Plan (LTRPP)This plan is the performance share plan under which conditional shares are granted annually and tested against the company's "Total Shareholder Return" (TSR) in comparison with a peer group of 12 disclosed companies in the healthcare industry after a three-year performance period. The initial grant is 100% of the base salary for the CEO and ranges from 30% to 90% for other executive committee members. Depending on the performance achieved, between 0% and 200% of the conditional award will be granted at the end of the performance period.
100% of the awards vest if Novartis' TSR ranks sixth out of the 13 companies included in the peer group and 0% of the awards if Novartis' TSR ranks eleventh or below.
AGO 27.02.2015 Novartis Rapport de rémunération 4.6 Remuneration and Financial Performance A Change in Remuneration 2013-2014 Highest paid executive Average other executives Highest paid non-executive Average other non-executives B Change in Financial Performance 2013-2014 Total shareholder return The highest paid non-executive last year was already Dr. Reinhardt, Chairman, but he joined the board of directors only in August 2013.
AGO 27.02.2015 Novartis Rapport de rémunération 4.7 Share and Option Holdings A Members of the Executive Management B Board Members (Outside Executive Management) The above figures include vested (705'137) and unvested shares for the executive management.
AGO 27.02.2015 Novartis Conseil d'administration Conseil d'administration 5. Board of Directors Composition after the General Meeting of 27 February 2015 Board of Directors Nomination committee Remuneration committee Election procedure for directors Mandatory age limit Number of board meetings during the past year 8 (98% attendance) Number of audit committee meetings during the past year 7 (97% attendance) Number of remuneration committee meetings during the past year 6 (96% attendance) Number of nomination committee meetings during the past year 4 (100% attendance) Number of risk committee meetings during the past year 4 (100% attendance) Individual attendance rate at board meetings disclosed - Dr. Vasella has been appointed honorary chairman in recognition of his achievements for Novartis. Dr. Vasella has no rights associated with this role and does not attend board meetings.
- At this general meeting, Dr. Lehner (member of the compensation committee, audit and compliance committee, and the governance, nomination and corporate responsabilities committee) will not stand for re-election.
- On 1 January 2014, the Chairman's committee was disbanded and a new Research & Development committee was created. Other committee corresponds to this new committee. Three meetings were held in 2014 with 100% attendance. - Average duration of meetings: Board meetings (7h30), Audit and Compliance committee (3h00), Risk committtee (2h00), Compensation committee (3h00), Governance, Nomination and Corporate Responsibilities committee (2h00) and Research and Development committee (8h00).
- Dr. Lehner was the sole director who did not attend 100% of the board and committee meetings. Dr. Lehner does not seek re-election at this AGM. - The tasks of the Corporate Governance committee were extended to include corporate responsibility matters.
- On 11 December 2014, Novartis considered that all directors are independent. Ethos cannot consider Messr. Landolt and Datar as independent due to their presence in Novartis' board for more than 12 years. In addition, Mr. Landolt, is chairman of Emasan AG, an important shareholder of the company. Ethos also considers Dr. Reinhardt, chairman, as non independent due to his full time position and his annual remuneration of CHF 3.8 million. Finally, Ethos considers Dr. Sawyers as non independent due to the business relationship between Novartis and the Memorial Sloan-Kettering Cancer Center (USA), where he is Chair of the human oncology and pathogenesis program.
AGO 27.02.2015 Novartis Conseil d'administration Dr. Jörg Reinhardt Up for Re-election Director since / term ends Committee memberships – Other committee, Chairman – Miscellaneous Full time chairman and remuneration of CHF 3.8 million.
CEO of Bayer Pharmaceuticals (2010-2013).
COO of Novartis (2008-2010).
CEO of the Vaccines & Diagnostics Division at Sandoz (2006-2008).
Up for Re-election Director since / term ends Committee memberships – Audit committee– Remuneration committee, Chairman– Other committee – Independent, Consultant – Denzler & Partners, Member– Banque Privée BCP (Suisse) SA, Member– Eclosion2 SA, Member– Advanced Oncotherapy Plc (UK), Member– Banque Lombard Odier & Cie SA, Member– Jan-Autos Holding SA, Member Former head of European Pharmaceutical Practice at McKinsey (2004-2007).
AGO 27.02.2015 Novartis Conseil d'administration Dr. Nancy C. Andrews Director since / term ends Committee memberships – Duke University School of Medicine (USA), Dean Other relevant mandates – Council of the Institute of Medicine of the National Academies, Member– American Academy of Arts and Sciences, Member Up for Re-election Director since / term ends Committee memberships – Audit committee– Other committee – University of Illinois at Chicago (USA), College of Medicine, Dean Other relevant mandates – American Ophthalmological Society (USA), Member– Chicago Ophthalmological Society (USA), Member– Association of Research in Vision and Ophthalmology (USA), Member– Chicago Medical Society (USA), Member Ophthalmologic surgeon.
Professor of Ophthalmology, Bioengineering and Pharmacology at the University of Illinois at Chicago (USA).
AGO 27.02.2015 Novartis Conseil d'administration Prof. Dr. Verena Briner Up for Re-election Director since / term ends Committee memberships – Risk committee – Lucerne Cantonal Hospital, Department of Medicine, Chief Medical Officer and Head of department Other relevant mandates – Swiss Society of Internal Medicine, Member– Foundation for the Development of Internal Medicine in Europe, Member– Swiss Academy of Medical Sciences, Member– Patient Safety Foundation, Member– SGIM-Foundation , Member– Journal of Inter-cantonal convention on high-specilaized medicine (IVHSM), Member Professor on internal medicine at the University of Basel.
Specialist in Internal Medicine and Nephrology.
Prof. Dr. oec. Srikant Datar Up for Re-election Director since / term ends Committee memberships – Audit committee, Chairman– Remuneration committee– Risk committee – Board membership exceeding time limit for independence – Harvard Business School, Arthur Lowes Dickinson Professor – Stryker (USA), Member– T-Mobile US (USA), Member– ICF International (USA), Member Dr. Datar has worked with many corporations, including GM, Mellon Bank, General Chemicals, Solectron, TRW, VISA, AT&T, Boeing and DuPont on field-based projects in management accounting.
Chartered Accountant.
AGO 27.02.2015 Novartis Conseil d'administration Up for Re-election Director since / term ends Committee memberships – Nomination committee– Remuneration committee– Risk committee – General Electric (USA), Member– Unilever N.V. (Netherlands), Member– Unilever PLC (United Kingdom), Member Other relevant mandates – Bill & Melinda Gates Foundation, U.S. Programs Advisory Panel (USA), Chairwoman– Rockefeller Foundation (USA), Honorary director– Brookings (USA), Honorary director– Harvard University Corporation Committee on Finance (USA), Member– Council on Foreign Relations, Member Chairwoman and CEO of Young & Rubicam Brands (USA) (2003-2006).
AGO 27.02.2015 Novartis Conseil d'administration Up for Re-election Director since / term ends Committee memberships – Nomination committee, Chairman – Important shareholder or its representative– Board membership exceeding time limit for independence Representative of Emasan AG, important shareholder of the company.
– Banque Landolt & Cie, Associate Partner – AxialPar Ltda (Brazil), Chairman– Emasan AG, Chairman– Vaucher Manufacture Fleurier SA, Chairman– Moco Agropecuaria Ltda (Brazil), Chairman– Watch Around SA, Chairman– Parmigiani Fleurier SA, Vice Chairman– EcoCarbone SAS (France), Member– Amazentis SA, Member and Co-Founder Other relevant mandates – Sandoz Family Foundation, Chairman– Instituto Estrela de Fomento ao Microcrédito (Brazil), Chairman– Instituto Fazenda Tamanduá (Brazil), Chairman– Montreux Jazz Festival Foundation, Vice Chairman Chairman of CITCO Group (1995-2005).
AGO 27.02.2015 Novartis Conseil d'administration Prof. Dr. Charles L. Sawyers Up for Re-election Director since / term ends Committee memberships – Other committee – Business relationship Is Chair of the Human Oncology and Pathogenesis Program at Memorial Sloan-Kettering Cancer Center that has a licencing agreement with Novartis to produce a series of monoclonal antibodies.
– Weill-Cornell University (US), Graduate School of Medical Sciences, Professor Other relevant mandates – Memorial Sloan-Kettering Cancer Center (USA), Human Oncology and Pathogenesis Program, Chairman– President Obama's National Cancer Advirory Board (USA), Member– US National Academy of Sciences (USA), Member– Institute of Medicine (USA), Member Cancer researcher. Co-developer of Novartis' cancer drug, Glivec.
Investigator of the Howard Hughes Medical Institute.
AGO 27.02.2015 Novartis Conseil d'administration Dr. iur. Andreas von Planta Up for Re-election Director since / term ends Committee memberships – Audit committee– Nomination committee– Risk committee, Chairman – Lenz & Staehelin Law Firm, Partner – Nationale Suisse Assurances, Chairman– Helvetia, Member– Générale-Beaulieu Holding SA, Chairman– HSBC Private Banking Holdings (Suisse) SA, Chairman– AP Moller Finance SA, Vice Chairman– Raymond Weil SA, Member– Burberry (Suisse) SA, Member– Socotab Frana SA, Member Other relevant mandates – SIX Swiss Exchange, Regulatory Board, Chairman– Swiss Review of Business Law, Board of Editors, Member Nationale Suisse Assurances is actually taken over by Helvetia. The merger should be finalized in the first half of 2015.
Up for Re-election Director since / term ends Committee memberships – Remuneration committee – Renshaw Bay (UK), Chairman/CEO – Pension Insurance Corporation (UK), Member Other relevant mandates – International Rescue Committee (US), Member– Colgate university (US), Member– Young Vic Theatre (UK), Member– The Print Room (UK), Member Co-CEO of JPMorgan Investment Bank (2003-2010).
AGO 27.02.2015 Novartis AGM (Annual General Meeting) Assemblée générale ordinaire Taux de présence Honorare für Revisionsdienstleistungen Honoraires de révision Audit-related fees Honorare für revisionsnahe Dienstleistungen Honoraires pour les services liés à la révision Autorised capital Genehmigtes Kapital Capital autorisé Action au porteur Séance du conseil d'administration Membres du conseil d'administration Board of directors Conseil d'administration Detaillierte Offenlegung Répartition détaillée Capital contribution reserves Reserven aus Kapitaleinlagen Réserves issues d'apports en capital CEO (Chief Executive Officer) Président de la direction générale Président du conseil d'administration Chairman's committee Ausschuss des Verwaltungsratspräsidenten Comité du président du conseil d'administration Committee meeting Séance du comité Conditional capital Bedingtes Kapital Capital conditionnel Corporate governance committee Ausschuss für Corporate Governance Comité de gouvernance d'entreprise Dividend rights certificates Bons de participation Earnings per share Bénéfice par action AGO 27.02.2015 Novartis EGM (Extraordinary General Meeting) Assemblée générale extraordinaire Election procedure for directors Wahlverfahren für Verwaltungsräte Procédure d'élection des administrateurs Executive management Direction générale Externe Revisionsstelle Beizulegender Zeitwert Financial performance Performance financière Financial reporting Information financière Données financières General information Allgemeine Informationen Informations générales Global remuneration figures Highest paid executive Höchstbezahltes Mitglied der Konzernleitung Membre le mieux rémunéré de la direction générale Important shareholders Bedeutende Aktionäre Actionnaires importants Individual remuneration figures Internes Kontrollsystem Contrôle interne LTIP (Long-term incentive plan) Plan de participation à long terme Mandatory age limit Limite d'âge statutaire Market capitalisation Valeur boursière NA (Not available) ND (Not disclosed) Nicht offengelegt AGO 27.02.2015 Novartis Neuer Kanditat / Neue Kandidatin Nomination and remuneration committee Nominations- und Vergütungsausschuss Comité de nomination et de rémunération Nomination committee Comité de nomination Honorare für nicht revisionsbezogene Honoraires non liés à la révision Non-voting equity securities Bons de jouissance Délai de préavis NR (Not relevant) Résultat d'exploitation Marge opérationnelle Taux de distribution du bénéfice Groupe de référence Contributions de retraite Performance criteria Critères de performance Action nominative Remuneration committee Comité de rémunération Reporting standard Restriction on registration of shares or voting Beschränkungen der Übertragbarkeit der Restrictions relatives à l'inscription des Aktien und des Stimmrechts actions ou aux droits de vote Rendement des capitaux propres Comité des risques Share and option holdings Aktien- und Optionenbesitz Détention d'actions et d'options Shareholder resolution Shareholders' equity Short-term incentives Kurzfristige variable Vergütung Rémunération à court-terme Stock ownership requirements Exigences en matière de détention d'actions Strategy committee Comité de stratégie Sustainability committee Ausschuss für Nachhaltigkeit Comité de développement durable AGO 27.02.2015 Novartis Total shareholder return Gesamte Aktienrendite Rentabilité de l'action Up for re-election AGO 27.02.2015 Novartis The Ethos Foundation aims at promoting socially responsible investment as well as a stable and prosperous socio-economic environment. Ethos is composed of more than one hundred Swiss pension funds and non-profit foundations. Its fully owned subsidiary Ethos Services is an acknowledged provider of consulting services comprising socially responsible investment (SRI) funds, shareholder meeting analyses and an investor engagement and dialogue programme. For further information: www.ethosfund.ch.
Frequently used abbreviations Annual General Meeting Extraordinary General Meeting Chief Executive Officer Chief Financial Officer Chief Operating Officer Other Executive Function PO BoxCH - 1211 Geneva 1 Ethos' analyses are based on information gathered from sources available to investors and the general public, T +41 (0)22 716 15 55 e.g. company reports, websites and direct contacts with company officers. Ethos processes the information F +41 (0)22 716 15 56 received and formulates its own voting recommendations in accordance with its voting guidelines (www.ethosfund.ch). Despite multiple verification, the information provided cannot be guaranteed accurate. The analyses are intended to help investors (members or clients of Ethos or any other potential users) make informed decisions at companies' general meetings but cannot, in any way, be considered as a portfolio investment tool or advice for investing in securities.
CH - 8001 ZurichT +41 (0)44 421 41 11 Ethos. All rights reserved. Unauthorised reproduction, lending, hiring, transmission or distribution of any F +41 (0)44 421 41 12 data is prohibited.
AGO 27.02.2015 Novartis
Source: http://www.ethosfund.ch/sites/default/files/upload/publication/p444f_150309_Exemple_danalyse_dassemble_gnrale_Novartis_.pdf
Microsoft word - kfw v. inverraz
KREDITANSTALT FÜR WIEDERAUFBAU v. INVERSIONES ERRÁZURIZ Recurso 5228/2008 Resolución: 43893 15/12/2009 Santiago, quince de diciembre de dos mil nueve En estos autos rol N° 5228-2008 de la Corte Suprema, comparece don Francisco Ruiz - Tagle Decombe, como mandatario y en representación de Kreditanstalt für Wiederaufbau, entidad bancaria de derecho público de propiedad mancomunada de la República Federal de Alemania y sus estados regionales, constituida y existente conforme a las leyes de la República Federal de Alemania y solicita autorización para dar cumplimiento en Chile a la sentencia dictada el 1 de octubre de 2007 en la ciudad de París, Francia por la cual se condenó, con costas, a la sociedad de responsabilidad limitada chilena denominada Inversiones Errázuriz Limitada conocida también como Inverraz Limitada, representada indistintamente por don Francisco Javier Errázuriz Ovalle, don Eduardo Viada Aretxabala y don Jorge Sims San Román, al pago de la suma de : I) US$ 59.729.365,88; II) intereses por mora calculados en la forma expresada en el punto x, letra e) del fallo antes indicado; fallo que en copia autorizada debidamente legalizado y traducido oficialmente acompaña, por las razones de hecho y de derecho que a continuación expone:
Time-course gait analysis of hemiparkinsonian rats following 6-hydroxydopamine lesion
Contents lists available at Behavioural Brain Research Time-course gait analysis of hemiparkinsonian rats following6-hydroxydopamine lesion Tsung-Hsun Hsieh , Jia-Jin J. Chen , Li-Hsien Chen , Pei-Tzu Chiang , Hsiao-Yu Lee a Institute of Biomedical Engineering, National Cheng Kung University, Tainan, Taiwanb Institute of Basic Medical Sciences, National Cheng Kung University College of Medicine, Tainan, Taiwanc Department of Digital Media Design and Management, Far East University, No.49, Zhonghua Rd., Xinshi Dist., Tainan City, 74448, Taiwan
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The Australian Maritime Museums Council (AMMC) and the Australian National Maritime Museum (ANMM) partnered to develop content for the graphic panel display, Submerged: stories of Australia’s shipwrecks. In an innovative international first, content for the display will be developed by the AMMC Membership, and merged into a nationally touring display by the ANMM. AMMC Members were introduced to the project at a series of workshops and given instruction on how to submit stories via the AMMC website for review.
The ANMM is producing a display that highlights Australian shipwrecks and increases public outreach. This collaborative project supports the AMMC in forging strong links with its current membership and extending its outreach to include additional members.
The ANMM submitted an application to the Visions of Australia-Development program in October of 2016. A number of AMMC Member institutions contributed letters of support for the application. The application was successful and provided for development of the project in 2017. Please see Submerged Presentation of project development results.
The project kicked off with a series of seven exhibition development workshops. Workshops were hosted by the Maritime Museum of Tasmania, Mannum Dock Museum, Queensland Maritime Museum, Bass Strait Maritime Centre, Queenscliffe Maritime Museum, Western Australian Museum-Fremantle and the Australian National Maritime Museum.
In addition to providing context for the Submerged project, and tips and tricks of the trade for exhibition development, each workshop had presentations from local maritime archaeologists and marine conservators. The day’s program concluded with practical sessions where all participants wrote and presented a group ‘shipwreck story’. These workshops were an excellent means of engaging with national maritime museums and maritime heritage organisations, sharing stories and making new connections.
The workshops were attended by 195 individuals from 88 unique museums and organisations with maritime collections.
Story Submissions
Sixty-eight shipwreck stories from 46 organisations across Australia were submitted to Submerged: stories of Australia’s shipwrecks and uploaded to the AMMC website. AMMC Members were invited to take part in the selection of stories for the final banner exhibition.
Selection and Results
AMMC Members were invited to rank at least their top five and up to their top 11 stories. An exceptional number of AMMC Members (n = 51) read and voted on the stories. A joint AMMC/ANMM Review Panel used the Membership review data in concert with the criteria for evaluation to select the final stories for the display. There were so many excellent stories, we had to add an additional banner! The exhibition also includes one story from the ANMM. Please see below the final 14 stories for the touring version of Submerged:
Thank you to the AMMC Membership for your support in making this project such a success. All submitted stories are now resident on the AMMC website and form a Digital Archive for everyone to enjoy. This Archive is a fantastic result for the national maritime heritage community.
The exhibition is now in production and will begin tour in February 2018. The display will tour Australia free of charge from 2018-2020. There are a number of ways to continue your participation in the project. Please see Bookings for more information.
For feedback on the Submerged project, please contact Sabina Escobar at sabina.escobar@sea.museum.
This exhibition is supported by the Visions regional touring program, an Australian Government program aiming to improve access to cultural material for all Australians.
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Matt Birchler
My Work Work History Get in Touch
NMI
Designer and Product Owner
As a designer and product owner, my role is split between working with a development team to get products out to market and working with all product teams to ensure design standards are maintained across all products. I was the first designer on staff in the company and was responsible for making design something the company was proud of and could use as a marketing advantage.
Built up a design system from scratch as the first designer on staff in the company.
Improved user retention via UI improvements, as measured in user engagement metrics.
Worked with development and product to ensure functional and beautiful user experiences.
Senior Team Leader
I worked at 3 total stores, all of which were struggling with sales and customer satisfaction scores when I was sent to them. My job was to bring these stores up to company standards, and in each case, left the store as a top performer in the "group" of about 60 locations. My role started as a logistics team leader and soon transitioned into a senior management role in charge of Hardlines and Electronics departments.
Managed teams anywhere from 10-50 employees.
Grew revenue in Electronics and Hardlines categories across 3 stores.
Improved Customer Satisfaction ratings across 3 stores.
Performed talent management from hiring, firing, to promoting my team members.
Editor, Director, and Producer
I started as an intern and soon transitioned into a permanent role focused on sports at the school. I started as an editor and cable puller, but worked my way up to instant replay operator, producer, and even director of live sporting events. We used tools like Final Cut Pro, Adobe apps, and Avid systems to get our work done.
Directed live sporting events for basketball, football, and wrestling.
Edited highlight reels for many NIU teams' end of season celebrations and school marketing materials.
Ran the instant replay system for the Jumbotron for men's basketball.
Numerous Websites
More passion projects than full-time jobs, I've been writing for myself at the well-regarded and widely read BirchTree since 2010. My writing and podcasting there has lead to many opportunities to write for other sites and talk to interesting people about technology. I focus on the world of tech, often centering on Apple. My work has been discussed on Daring Fireball, 9to5Mac, MacStories, and many more enthusiast sites.
Personal blogging about technology since 2010 at my personal site, which reaches up to 50,000 people per month.
Wrote for enthusiast sites like The Sweet Setup with deep dives into what makes for great software.
Appeared on many podcasts, including 9to5Mac Watch Time, A Slab of Glass, iPad Pros, Unco, The Outpost Show, BYOD, PAL Keys, and more.
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Top Brewers Storylines of 2015: Stearns In, Melvin Out
by Jack Moore December 28, 2015
The number one story here at Baseball Prospectus Milwaukee has been the reorganization of the front office in the wake of the Brewers’ dreadful 2015. On September 21st, general manager Doug Melvin transitioned to an advisory role within the organization and made way for a new GM, David Stearns, formerly the assistant general manager for the Houston Astros. Just 30 years old, the Harvard-educated Stearns represents a new direction for the Brewers compared to the traditional baseball-lifer in Melvin.
The day after Stearns took over, our own J.P. Breen posted his analysis of the move at our parent site. The Brewers’ future had been up in the air for months after the firing of Ron Roenicke, the installation of Craig Counsell as manager, and the subsequent search for a general manager. The Brewers were connected to all kinds of candidates, ranging from traditional candidates more in the Melvin mold to the extreme youth-and-numbers candidate they eventually selected in Stearns.
As Breen wrote, Stearns’s selection finally put a direction to the Brewers future. “Recent interviews and overall practices in Houston hint at what the New York native could bring to Milwaukee.” Breen wrote. “He has spoken strongly in the past about prioritizing scouting in Asia and the Pacific Rim, something that has not traditionally happened in Milwaukee. Using all data (technological and human) available to shape development and decision-making processes has also come up multiple times in interviews.”
In October, here at BP Milwaukee, Breen expanded on the possibilities the injection of youth into the front office in the form of Stearns and his new assistant GM Matt Arnold, a 36-year-old who had previously worked in the Tampa Bay Rays organization. While the anti-statistics tendencies of the Brewers under Melvin were greatly exaggerated, there’s no question Stearns and his new-age staff are going to have a different ideological approach to building a baseball team than Melvin’s crew did.
The real question, Breen asserts, is not whether the Brewers can bring their organization up to speed on their use of data and technology. Rather, it’s what new ideas Stearns, Arnold, and the rest of the organization can bring to the table. “The real difference maker in Milwaukee will be discovering the next competitive advantage that no one has exploited, the next market inefficiency, if you will,” Breen writes. “Simply using mountains data on framing, spin rates, defensive efficiency, and the like to drive coaching methods and roster decisions won’t be enough.”
Unfortunately, it’s too early to make any real judgments about Stearns or his strategies. The Brewers have been making a bunch of moves this offseason, picking up prospects for veterans like Adam Lind and accruing young, fringe players like Jonathan Villar and Ramon Flores who will have their chance to play their ways into bigger roles. Stearns has really yet to make a major move, though — a trade of a high profile player like Jonathan Lucroy or Ryan Braun or a major free-agent deal — and it’s those moves that tend to tell us more about a GM.
Much of our coverage has focused on Stearns, his new approach, and the future of the Brewers. We didn’t talk much about Melvin and his work in building the Brewers up from a perennial loser to a team that reached the playoffs twice in four seasons. Melvin had his problems — specifically, a farm system that was all but devoid of talent. Between 2010 and 2012, as I wrote in the 2014 Baseball Prospectus Annual, the Brewers farm system produced just 5.0 WAR, 3.2 of which came from late-bloomer Mike Fiers.
But Melvin built successful teams through a shrewd ability to identify undervalued Major League players who could fit into the Milwaukee clubhouse and help teams compete. Seemingly minor pickups like Gabe Kapler, Chris Narveson, Casey McGehee, Nyjer Morgan, Jerry Hairston Jr., and John Axford, all acquired for minimal expenses, contributed in huge ways to the 2008 and 2011 playoff teams. This was one of Melvin’s great talents, the ability to find the diamond in the rough, the missing piece, and to integrate it seamlessly into a roster.
David Stearns has a lot of work to do in assembling the core of the next Brewers contender. The farm system is starting to fill up again, but it will need to keep growing in order to supply the Brewers with the players they need to consistently contend again. We can be sure Stearns has a detailed plan and approach. But he’ll also need to display some of that magic touch Melvin showed in assembling those final pieces to a playoff team. Hopefully, with Melvin sticking around to advise the young general manager, some of Melvin’s magic will rub off on Stearns.
Tags: Commentary, David Stearns, Doug Melvin, Top Storylines |
Jack Moore
Follow @jh_moore
Jack Moore is a freelance sportswriter based in Minneapolis. His work can be seen regularly at VICE Sports, The Guardian, and The Hardball Times.
read more from Jack Moore
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TOP BREWERS STORYLINES OF 2015: Brewers Bullpen and Bullpen Evaluation
1 comment on “Top Brewers Storylines of 2015: Stearns In, Melvin Out”
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Al-Jazeera: Jews Created America’s Porn Industry To Poison Its Christian Culture
November 2, 2019 Hunter Wallace The Jewish Question 29
? pic.twitter.com/RnHtT5eCl1
— Judge (@V8POW) November 2, 2019
We need to kill the Western Canon. https://t.co/aLTTvpkNI7
— Dana Schwartz (@DanaSchwartzzz) November 1, 2019
The literary canon as it exists is racist and patriarchal. And it keeps reinforcing itself. https://t.co/aLTTvp3cjx pic.twitter.com/oNgmhxSlH9
You know what, screw it: no novels by white men in high schools for the next 20 years.
Please buy my book if you want to learn more: https://t.co/aaaGSEWzyC
And then, one day, for no reason at all… pic.twitter.com/WErxBmGald
— US Revolt (@USRevolt1776) November 2, 2019
Don’t miss this important broadcast.
What’s the national crisis facing totalitarian liberalism that requires suspending the First Amendment and establishing a massive regime of tech censorship? Why must Greg Johnson be stopped from attending a conference in Norway or Nick Fuentes banned from social media? Why is there a Nazi emergency this morning in Dresden?
Is it the availability of hardcore pornography on smartphones which is poisoning the minds of our youth? Is it the social contagion that is transgenderism that is being promoted through social media platforms like Tumblr? No, it is something much worse than that. It is the fact that Jews are being criticized for their actions and liberalism is being questioned.
Can you believe the audacity of these people? They are getting away with criticizing … US. That’s anti-Semitism! That’s a national emergency! SHUT IT DOWN!
Greg Johnson Has Been Arrested In Norway And Is Being Deported
Hundreds Protest Radical TERF Meghan Murphy In Toronto
Banned For Life
The only real and direct way to defeat the Jews is through a Holy War. They killed Christ and have never repented and will never repent until they and their master, Satan the Devil, are totally defeated. The Jews will then finally be forced to bow the knee to Christ.
Fr. John+
As I have said recently, “DEATH to the JEW World Order.”
WIth all that that statement entails.
“They think they are doing God service…” – J.C.
“Jews will then finally be forced to bow the knee to Christ.”
It will only be feignned, as it has always been.
Yes, it’s mainly Joos in control of porn. And movies, education, media in general, think tanks and foundations, etc. Their money and influence is already destroying Christianity from within, thanks to the Zionist hustlers they promote. It’s not just Christian culture they have been seeking to destroy, but Christian civilization at all levels. Christendom, in other words.
All you Christian haters out there should realize that everything the West was able to develop came out of the Christian ethos. Learn your history, folks. Without the brand of traditional Christianity that came out of Europe, we would be far less free and scientifically advanced than we are. The mislabeled Dark Ages really would’ve been a time of ignorance and backwardness without Christianity. Abandoning it has led to the civilizational and cultural abyss we’re now close to falling into. The truth is, we are in a war on all fronts, including religious. We are fighting evil that has rejected God and the universal order He created. If you don’t see the spiritual aspect of this conflict, you might not understand how big the stakes really are.
Spahnranch1969
The West didn’t abandon the church, it was the church which abandoned the West.
How so? The Enlightenment and the French Revolution, among other things, says you’re wrong.
Only after about 1848, if one is a trad RC. Or, in the case of the USA, 1865.
“church which abandoned the West.”
True, indeed ! They never did real service to our kin. If anything, they deeply crippled some of our best attributes.
Flaming Wignat
Yeah, that’s why Lutheran Social Services is hauling Somalians into Minnesota by the bucketload. Why the Pope is kissing nigger feet and calling for more sand niggers in Europe. Why every church in the USA is at the forefront of anti-racism. Which is why it’s mostly Christcucks who are adopting dark-avised blackamoors instead of having more kids of their own race.
Your “traditional European Christianity” was 70+% pagan. Its nationalism, warrior spirit, love of artistic and musical beauty, etc. are part of the ancient European soul, not your crucified rabbi worship. And you can’t go back to it, because you finally succeeded in killing off the remnants of European pagan spirit during the Reformation, Counter-Reformation, etc.
Christianity, though, is alive and well. It’s known as SJWs, the poz, globohomo. You’re just blind to this because you see it in terms of genuflection to the crucified rabbi you worship. But its spirit, its universalizing, equalizing, exalt-the-low-and-abase-the-high zeal, is alive and well. That’s the real core of the religion, and, unfettered from the warrior-pagan elements that survived strongly for many centuries, it’s now killing us.
It’s fighting hard to ensure that the “meek” — minorities, the useless, inferior wogs who are all equal souls to Whites in the leveling creed of Christendom — inherit the Earth. It’s there digging wells for them, giving them medicine, food, care to ensure that they breed and overwhelm us. It’s flagellating us with its ancient principles of sin, guilt, and self-mortification in the form of White Guilt, anti-racism, and the war on Whiteness and “White privilege.”
We need a new, positive, non-universalist belief system, not a strengthening of the missionary, hair shirt, self-destructive masochism of Christianity which is doing a fine job of ruining our civilization even as we speak.
Christianity has run its course in the West. It will not experience any Great Revival. But something must fill the void. I think eventually the old “pagan” and “heathen” religions will reappear as ancient European tribalism reasserts itself.
Gunther tn
I agree that Christianity has run its course. A Christian revival is about as likely as Julian the apostate’s efforts to revive paganism. What comes next is anybody’s guess – IMHO probably not a pure revival of any pagan religion. Probably something different. A synthesis, perhaps. Or something we don’t even see coming right now.
@Flaming Wignat
Excellent comment, you struck the truth on many pints, bullseye!
” We need a new, positive, non-universalist belief system,….”
Amen brother ! I’m seeking, lookin everywhere 🙂
I notice you didn’t deal with anything I actually wrote, but instead went on one of those unhinged pagan screeds filled with unreasoned, ahistorical and misdirected nonsense. (Sowing divisions among us is really productive, right?)
One of your many errors: LSS bringing in ragheads to Minnesota has nothing to do with faith, but money from foundations and NGOs, and help from within gov’t. It is a leftist, globalist project done for money. Their own website makes reference to helping refugees as a Minnesotan tradition, not a hallmark of faith related to Luther.
Provide some evidence that traditional Christianity was “70+% pagan.” The warrior tradition in Christianity extends far back, and can easily be linked to Scripture. Christ told the apostles to sell their cloaks and buy swords, for one of many examples. Quantify that “ancient European soul” for me and back that up, while you’re at it.
Enough of dealing with your assumptions presented as fact. Have you ever bothered to consider why so much of what the pro-multicultural forces do is aimed at Christianity? Why they spend so much time mocking our faith, but not Judaism and Islam? The other faiths are protected, not undermined. Why try to destroy Christianity? Think about it, if you’re able. I’ve got my doubts. But attempt some basic logic here. Why do so much to destroy the foundational base of Western civilization? Why the nonstop attacks on our moral center? And finally, why would you want to cooperate with those efforts?
Your remarks on the faith being globohomo and such is just too stupid to believe. Do you know of the Biblical passages damning homosexuality? Don’t give me that crap that because some so-called Christians excuse or (God help us) encourage it makes such an abomination suddenly orthodox. It’s obvious that there are people perverting faith for ideological and political reasons. Like the (((pro-Zionist))) movement pouring money into churches, paying off willing ministers to ignore the verses calling Jews the enemies of Christ. Not to mention that the Messiah didn’t have a high opinion of greed. The Bible doesn’t ignore hierarchy, or racial differences, either. Slaves should obey their masters, the Tower of Babel, and so on. I don’t excuse or defend those that twist or invert the Word for their own purposes. And did you really mention self-flagellation seriously? Scourge those thoughts from your mind, and whip it into shape.
Advocating that we blithely exchange one belief system for another, like changing underwear or socks, exposes the ultimate emptiness and foolishness of your rant. If you have no principles, you will adopt any. Isn’t that one of the lessons of the multicultural left?
Last but not least, what do you think is accomplished by sowing division among us?
Anti_barabas_ite
Christ is coming back, I’ll wait by the narrow gate. The ills of mans world will evaporate as the lake of fire is filled with satans enablers!
Praise Yahweh!
Be prepared to wait eons.
Christ is coming back when he can no longer use his hands as bubble wands.
Haxo Angmark
http://seductivejewess4.org
each time the Jews crucify TSJ – which documents the Jews/porn nexus – it rises from the ashes,
more seductive and Jewier than ever. Kudos to
the autistic rascal who keeps resurrecting it.
Friedrich Braun
Even the biggest cheating Web site Ashley Madison was started by a Jew. What can one say about the Jews that hasn’t already been said a billion times by all kinds of people in all kinds of places at different historical times? It’s always the same with this people. While I say this I’m looking at E. Michael Jones’s opus The Revolutionary Jew on a shelf in my bedroom. Everyone would be saved a lot of heartache if all Jews were strongly encouraged to move to Israel and did it. I recall reading how the National Socialists tried to find them a home in a bunch of places, including Africa, but all their plans fell through; by 1942 they ran out of ideas and didn’t know what to do with them.
Except the Final Solution. Why do you think it’s called that?
Stalin offered the jews their own autonomous region in Eastern Siberia, far away from the rest of the world where they would not be able to cause any trouble and could be left alone in peace. But it’s not in the jews’ nature to be at peace with the rest of the world. So they stole Palestine instead.
“What can one say about the Jews that hasn’t already been said a billion times by all kinds of people in all kinds of places at different historical times? ”
But the generations forget and have to keep relearning by the same dire consequences, and oceans of tears with suffering.
We need a catechism of jew deceit that we teach the young, to be deeply drilled into them.
( you are wrong, not everything has been said. There are many deep concepts of judaism that the goy has never learned).
In the 60s, some goys were making healthy ( married couples ) erotic films, but the jews moved in and replaced them with their gutter sleeve (using runaway teens, desperate women and spreading drugs and disease).
Just like Epstein, always lookin for poor girls to exploit.( it’s always the same pattern),
Flaming W: Excellent points.
Rich L needs to read Nixey’s The Darkening Age.
Even at its height Xianity could never deal with the JQ except in limited and temporary ways.
ATBOTL
Al-Jazeera has been aggressively pushing the gay and trans agenda on the West. They have used very harsh language to describe people in the West who oppose these agendas, without mentioning that al-Jazeera is part of a government that makes homosexuality illegal in its own country.
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Reading: Nolte: Republican Support for Trump Hits Record High After Fascist FBI Raid
Patriot Wire > Politics > Nolte: Republican Support for Trump Hits Record High After Fascist FBI Raid
Nolte: Republican Support for Trump Hits Record High After Fascist FBI Raid
Breitbart August 12, 2022
After the fascist FBI raided Donald Trump’s private residence, Republican support for the former president hit a record high.
Far-left Politico reports that a record high of 58 percent of Republican voters now say they would vote for Trump in a 2024 presidential primary.
Additionally, a record high 71 percent now say they want Trump to run again in 2024.
Trump’s previous high for the question about voting for him in a 2024 primary was 56 percent, in March of 2022. The last time this poll was taken, last month, Trump earned 54 percent support.
Support for Gov. Ron DeSantis (R-FL) has dropped five points since July, from 21 percent to just 16 percent.
When it comes to all voters, only 49 percent believe the warrant was issued because evidence existed of a crime. That’s a pretty pathetic number, a huge lack of trust in a major institution for a move as serious as raiding a former president’s private residence.
Additionally, 39 percent believe (correctly) that the raid was committed out of a partisan political motivation, while 13 percent had no opinion.
The partisan breakdown is about what you’d expect: 81 percent of Democrats believe the raid was legit, compared to just 48 percent of Independents and 16 percent of Republicans. On the flip side, 11 percent of Democrats believe the raid was politically motivated, compared to 37 percent of Independents and 69 percent of Republicans.
Now the FBI is claiming it executed the raid looking for nuclear secrets or something. So after six years of the FBI and the media and Democrats and the Department of Justice serial-lying about Trump, now we’re supposed to believe he stole nuclear secrets?
To what end?
Wasn’t it just last week we were told Trump tried to grab the steering wheel of the presidential limo and then assaulted the Secret Service agent who tried to stop him?
We had 50 top-ranked intel people tell us Hunter Biden’s laptop was Russian disinformation — when they knew it wasn’t.
They told us that Trump colluded with Russia to steal the 2016 election, that he suggested people inject bleach, that he called Nazis “very fine people,” and that he overfed some koi fish during a trip to Japan. They told us Russia was paying bounties on American soldiers in Afghanistan, that Trump called American troops “losers,” and that he hired Russian hookers to pee on a bed and tried to blackmail Ukraine for dirt on Joe Biden.
But, yeah, he stole nuclear secrets.
And yeah, the feds waited 18 months to retrieve them.
This poll also wants us to believe that 58 percent of the public believe Trump broke the law while president, including 24 percent of Republicans.
It’s all rigged. It’s all corrupt. It all needs to be dismantled and destroyed.
Follow John Nolte on Twitter @NolteNC. Follow his Facebook Page here.
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Chongqing Jiaotong University
WeChat | Chinese Version
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The desert Soilization Technology for Ecological Recovery by Chongqing Jiaotong University
“Desert soilization”, as a new technology based on mechanics for ecological recovery, was developed by a research team from Chongqing Jiaotong University led by Professor Yi Zhijian. The desert soilization technology integrates the functions of sand prevention, sand fixing and ecological recovery. By far multiple projects have been carried out inside and outside China successfully.
I. The theoretical basis
The principle of desert soilization is based on mechanics. Soil possesses two mechanical properties: it is in a solid state when dry and in a rheological state when wet, and the two states can steadily, constantly transform between each other. The unique mechanical properties of soil endow it with two important eco-mechanical attributes: self-repair and self-regulation, which is the reason why soil can support plant life in an endless ecological cycle.
The prerequisite for desert soilization is to soilize sand, i.e., to make the desert sand acquire the mechanical properties of soil by means of mechanical manipulation. The key to sand soilization is to impose ODI constraint (omni-directional integrative constraint) among the sand granules so as to change the mechanical properties of sand: to let it become rheological when wet (wet soil) and solid when dry (dry soil), and the two states can steadily, constantly transform between each other. The soilized sand possesses the mechanical properties of natural soil, including the eco-mechanical attributes of self-repair and self-regulation as well as the capacities to retain water, nutrients and air and to grow microorganism, so it can serve as an ideal habitat for plants.
Fig.1 The mechanical principle of sand soilization
The research results have been published in two journals: Science China Physics, Mechanics & Astronomy and Engineering, and have been awarded patents in China, Australia and Morocco etc.
II. The research history
In 2009, after collecting and analyzing the data obtained by a series of indoor and outdoor experiments, the research team formed the basic theoretical framework and the method of sand soilization. In 2013, the research team carried out a successful planting experiment in the soilized sand by simulating the desert landform conditions after developing an ODI constraint material extracted from plants. Through inspection by the relevant certified authorities, the results show that the ODI constraint material is nontoxic and is without any side effect.
In 2016, the research team conducted a verification experiment in Ulan Buh Desert on 1.67 hectares by planting in the soilized sand. The thriving plants over 70 kinds showed that the experiment was as desired and had won good acclaim.
Fig. 2 The soilized site in Ulan Buh Desert in 2016
In 2017, the research team adopted the mode of “technology + industry” and established a research & development base over 650 hectares in Ulan Buh Desert. The first phase of the project was to plant in 260 hectares of the soilized sand. Various plants grew prosperously in the field, which not only showed evident sand control effect, but also significantly improved the local ecological environment.
In 2018, desert soilization was carried out in Ulan Buh Desert in Inner Mongolia, Taklimakan Desert in Xinjiang and the desertified land in Zoige, Sichuan, with the total area over 650 hectares.
Fig. 4 The plants in the soilized sand in Zoige
Fig. 5 The plants in the soilized sand in Ulan Buh Desert (in the lower right picture, the Artemisia arenaria were planted in 2017, and from 2018 no artificial irrigation has been used.)
In 2019, desert soilization was further expanded in Ulan Buh Desert in Inner Mongolia and in Taklimakan Desert in Xinjiang. Meanwhile, successful experiments were carried out in the deserts in Sahara and the Middle East, in the desertified land in Tibet and the beach sand in Xisha Islands and Xiamen, with an area over 1,300 hectares.
?Fig. 6 The plants in the soilized sand in Taklimakan Desert in Hotan county, Xinjiang
III. The technological features
In comparison with the conventional sand control methods such as the engineering, chemical and vegetational methods, the desert soilization technology controls sand by enabling the sand to acquire the soil properties, characterized by the following:
1. The soilized sand is water saving. The experiment in Ulan Buh Desert has shown that the amount of irrigation for different plants is far less than the water-saving irrigation quota required by the local authorities. The psammophytes such as artemisia, astragalus adsurgens, caragana can grow well with limited and even no irrigation. The desertified land in Zoige is fully covered by vegetation without any artificial irrigation.
2. The plants are thriving in the soilized sand and the biomass is generally higher than those grown in the nearby natural soil. The pilot project in Ulan Buh Desert in 2017 has shown that the biomass for various plants in the soilzed sand is generally higher than those grown in the neighboring natural soil; the roots are denser and longer and the biomass is three times over those from the natural soil.
3. The quantities and types of microorganisms increase rapidly. After soilization and planting, the microorganisms in the soilized sand grow rapidly, and just after one year the quantities and types of microorganisms exceed those in the neighboring natural soil.
4. The ODI constraint material and the soilized sand are environmental-friendly. Testing of the hazardous substances in the ODI constraint material, such as heavy metals, volatile organic compounds, free formaldehyde and benzene compounds, has shown that there is little or even no harmful substances in the material. The soilized sand has also passed the soil test on harmful substances.
5. The desert soilization is cost effective and has potential economic prospect. Once the ODI constraint material is added and mixed with sand, the sand is soilized permanently (the pilot project has shown that the soilized sand has increasingly better soil properties in the second and third year after soilization and planting).
6. The sand is soilized rapidly in a physical way and can be applied on a large scale. Sand is converted into soil within a few seconds after mixing the ODI constraint material with sand. The whole soilization process is simple and fast, applicable for large-scale soilization.
7. The soilized desert has significant effect in biodiversity and ecological recovery. A local biodiverse ecological environment has formed in the soilized desert. In addition to the kinds of plants growing exuberantly there, it also became home to different kinds of birds, mice, wild rabbits, frogs and worms.
IV. The prospect
The discovery of the eco-mechanical attributes of soil and the subsequent invention of desert soilization, offer a new approach for desertification control at home and abroad. With adequate evaluation on the environmental impact and water resources, the deserts and desertified land with access to water can recover its ecology by desert soilization in order to improve the local climate, environment and land use.
The desert soilizaiton technology has the potential for the following applications:
1) For desertification control: to soilize the desertified land to resolve a series of ecological, environmental problems and to provide more space for the survival and development of mankind.
2) For agricultural development: to use the soilized sand for the development of agriculture and animal husbandry, poverty alleviation and vitalization of the rural areas based on adequate evaluation of the ecological and water resources.
3) For landscaping on the islands and along the highway or railway in the desertified areas.
4) For serving the “The Belt and Road Initiative”: to serve by technology output the countries along the Belt and Road for desertification control, ecological recovery, agriculture and animal husbandry development through inter-governmental win-win cooperation.
waiban@vip.163.com
Tel: +86 (23) 62652602 Fax: +86 (23) 62652602 add: No.66, Xuefu Road, Nan' an District, Chongqing, 400074, China
Chongqing Jiaotong University all rights reserved.
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'If you emptied Lake Baikal, it would take every river in the world flowing into it a year to fill.'
Heatwave sparks new fears over forest fires
With forest fires still burning across Siberia, hot summer temperatures are moving across the continent.
Wildfires 2012, Trans Baikal region, Siberia, picture: Alexander Lesnyanskiy
So much so that experts are warning potatoes could cook from their piercing sun while still lying in the soil.
In this period, Novosibirsk was forecast to touch 37C, and Tomsk 36C, around the same as temperatures in Egyptian capital Cairo, though the thermometers did not reach this high on Thursday.
This follows record highs in June, say weather experts, who are comparing the summer with the heatwave in 1999.
Temperatures in the first days of July in Novosibirsk were said to be between one and two degrees higher than long-term levels.
In Omsk, which had several days of unusually hot temperatures, 11 people were reported to have died from the heat. Concern has been expressed over elderly people in the excessive heat.
Smog is also a problem in some cities from forest fire fumes.
'We can already see that potato plants are damaged by heat,' said Anna Safronova, of the Siberian Research Institute of Plant Breeding and Selection.
'It is so hot that we won't be surprised if under the ground there will be roast potatoes.'
'Within the next three days the most dangerous situation is expected in Tomsk, Novosibirsk region and in the south of Omsk region, in the west of Krasnoyarsk region and in Tuva Republic - because of high air temperatures', said one report.
In the Siberian Federal District, the area of forest fires went down from 8,038 thousand hectares to 5,775 thousand hectares. 'The fires are active in Novosibirsk and Tomsk regions. But in general we say there is positive trend and the situation is getting stable," said a forestry spokesman.
A state of emergency is still in force in Tomsk region, while it has been withdrawn in Tuva Republic.
In the Far East the fire fighters within the last 24 hours managed to put out 15 forest fires out of 40. Other 12 fires were localised.
But in general on whole Russia the number of forest fires is growing, Russian federal forestry reports. Within the last 24 hours it went up from 202 to 229 spots. THe hardest situation is in Urals, Siberia and Far East, the report says.
wildfires in Siberia
heatwave summer 2012
New spill of 45 tons of jet fuel pollutes tundra in Taymyr
State of emergency declared as second ecological nightmare hits in less than two months.
Wildfires ‘critical’ in Siberia and Russian Far East, up to ten times worse than last year
People are flouting coronavirus lockdown and start fires, warn officials.
Video shows frightened leopard cub fleeing raging wildfires in eastern Russia
Kitten is one of the world’s rarest big cats, with only 91 known adults surviving in the wild.
Tragic moment a rare Amur tiger cub is fatally hit by a bus in Russian Far East
Baby big cat was only four or five months old, sparking concern for the animal’s mother and any siblings.
56 hungry polar bear besiege village in Chukotka
All public events cancelled, extra protection for children as they go to kindergarten and school.
Massive wildlife tragedy as bears and foxes flee taiga, while smaller animals suffocate in smoke
Predators seek food in villages all around Siberia as climate expert warns of worse fires each year due to soaring rise in temperatures, 10C above average.
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Weekend Nuggets: Pure Magic
Posted in Uncategorized with the tags 1999, Phil and Friends on April 16th, 2011 by Mr.Miner
Twelve years ago…
“Shakedown Street” 4.15.99 II
“Row Jimmy” 4.16.99 I
Jam of the Weekend:
“Dark Star -> It’s Up to You” 4.17.99 I
The peak of a jaw-dropping weekend.
[audio:http://phishthoughts.com/wp-content/uploads/2011/04/pf1999-04-17d1t01.mp3,http://phishthoughts.com/wp-content/uploads/2011/04/pf1999-04-17d1t02.mp3]
Bonus Jams:
“Wolfman’s -> Uncle John’s Band” 4.15 II
[audio:http://phishthoughts.com/wp-content/uploads/2009/04/2-01-wolfmans-brother-_.mp3,http://phishthoughts.com/wp-content/uploads/2009/04/2-02-uncle-johns-band.mp3]
“Prince Caspian > St. Stephen -> The Eleven” 4.16 II
[audio:http://phishthoughts.com/wp-content/uploads/2009/04/2-03-prince-caspian.mp3,http://phishthoughts.com/wp-content/uploads/2009/04/2-04-st-stephen.mp3,http://phishthoughts.com/wp-content/uploads/2009/04/2-05-the-eleven.mp3]
Downloads of the Weekend: Phil and Friends April ’99
4.15.99 SBD, 4.16.99 SBD, 4.17.99 SBD < Megaupload
ALL THREE NIGHTS – SBD (FLAC via etree) < Torrent
I: Viola Lee Blues, Big Railroad Blues, Jack-a-Roe, Cosmic Charlie, Wolfman’s Brother -> Uncle John’s Band
II: Alabama Getaway, Sugaree, Like a Rolling Stone > I Know You Rider, Row Jimmy, Shakedown Street -> The Wheel > Not Fade Away
E: Mr Tambourine Man
I: Help On The Way > Slipknot! > Franklin’s Tower, Wish You Were Here, Tennessee Jed, Stella Blue*, Alligator
II: Bertha**, Prince Caspian > St Stephen -> The Eleven > Unbroken Chain, Chalkdust Torture, Mountains of the Moon, Scarlet Begonias**-> Fire On The Mountain**
E: Ripple (acoustic)**
*instrumental ** W/ Donna Jean Godchaux MacKay
I: Dark Star -> It’s Up to You, Days Between -> Dark Star (first verse) -> My Favorite Things, Mississippi Half-Step, Birdsong
II: Terrapin Station -> Down with Disease -> Dark Star (second verse) -> Friend of the Devil, Casey Jones, Morning Dew, Goin Down The Road Feelin Bad* > And We Bid You Goodnight
E: Box of Rain
* w/ Donna
Tags: 1999, Phil and Friends
Weekend Nuggets: Shoreline ’99
Posted in Uncategorized with the tags 1999, Phil and Friends, Venues, Weekend Nuggets on April 17th, 2009 by Mr.Miner
DOWNLOADS OF THE WEEKEND:
Here we have Phish’s memorable two-night stand from Shoreline at the beginning of Fall ’99; the second being Phil Lesh’s extended sit in with the band. The “Sand” and the “Piper” that preceded his entrance were the musical highlights of the night. Other highlights from 9.17 include the first set “Ghost,” and the one-two punch of “Peaches,” “Moma.” Look out for 9.16’s “Stash” and “Antelope”- both first set scorchers. With four strong sets strewn with spectacular moments, Phish treated the Bay Area right.
9.16.99 Shoreline, Mountain View, CA < LINK
9.16.99 Shoreline, Mountain View, CA < TORRENT LINK
I: Ya Mar, Chalk Dust Torture, Farmhouse, First Tube, Carini, Dirt, Vultures, Sparkle, On Your Way Down, Beauty of my Dreams, Stash, Train Song, Billy Breathes, Run Like an Antelope
II: Also Sprach Zarathustra > Mike’s Song > I Am Hydrogen > Weekapaug Groove, Mountains in the Mist, Limb by Limb, Prince Caspian, Julius
E: Misty Mountain Hop*
*With Warren Haynes on guitar.
Source: FOB Schoeps CMB1+MK4v > SX-M2 > SBM-1 > D8
I: Mozambique, Guyute, Ghost, Lawn Boy, Peaches en Regalia, The Moma Dance, Water in the Sky, When the Circus Comes, Get Back on the Train, David Bowie, The Squirming Coil
II: Runaway Jim, Sand, Piper, Roggae, You Enjoy Myself*# > Bass Duet*, Wolfman’s Brother*^ > Cold Rain and Snow*^
E: Viola Lee Blues*$
*With Phil Lesh on bass. #With Lesh on trampolines. ^With Lesh on vocals. $With Warren Haynes on guitar.
Source: Schoeps mics (no other info known as of 9/24/99) -> 44.1 KHz
VIDEOS OF THE WEEKEND:
“Cold Rain and Snow” w/ Phil 9.17.99
“Wolfman’s Brother” w/ Phil, 9.17.99
Tags: 1999, Phil and Friends, Venues, Weekend Nuggets
Furthur Friendship
Posted in Uncategorized with the tags 1999, Culture, Phil and Friends, Side Projects on April 17th, 2009 by Mr.Miner
10.20.07 Glens Falls, NY (A.M. Saddler)
Once the Phil and Friends shows established a relationship, both personally and musically between Phil and Trey, the Phish and Dead communities began to blend together. Led by the musical model that had wowed everyone for three nights, the two cultures- a generation apart- began to grow closer. Everything seemed cool now; there was much less ill will between the bands’ followings; the scenes began to intermingle and lines became blurred. The musicians themselves formed relationships, as members of Phish and The Dead went on to collaborate on future projects.
9.17.99 Shoreline (J.Blakesburg)
Later the same year, when Phish passed through Shoreline for two nights on their fall tour, they returned the invitation. Inviting Phil to sit in for much of the second set of 9.17, the two scenes fused in a more Phish-centric way. As Phil came out for “YEM,” Brad brought out a third trampoline! In the ultimate gesture of Phisy approval, Phil bounced up and down with Trey and Mike during the tramps part of the jam. To the giddy delight of all involved, this guest sit-in carried more meaning than any before. Morphing into a bass duet with Mike out of “YEM”, Phil stuck around for “Wolfman’s,” and a poignant cover of The Dead’s “Cold Rain and Snow.” For the encore, they brought Phil back and Warren Haynes and played an extensive “Viola Lee Blues.” At this point, Phish and The Dead had grown closer than ever.
In their penultimate show before their hiatus, also at Shoreline, Phish invited Bob Weir to the stage for a three-song encore of “El Paso,” “Chalk Dust,” and “West LA Fadeaway.” Though not as musically impressive as Lesh’s stint with Phish, Weir’s sit-in carried as much symbolic weight as anything.
Mike, Joe Russo, Phil, & Trey (jrushingmail)
Once Phish broke up in 2004 and Trey toured with the much-maligned 70 Volt Parade for 2005, he began popping up with Phil in 2006. Teaming up with Mike, drummer Joe Russo, and piano visionary Marco Benevento, Trey toured with the horribly-monikered GRAB as a co-bill with Phil and Friends during the summer of ’06. This tour was a legitimate merging of the Phish and the Dead scenes as each band drew from their respective fan bases, most who stayed to watch both acts. Although GRAB hit some grooves and played fun shows, the greatest parts of these evenings were when Trey came out with Phil and Friends and played Dead music. Sometimes it was for a song or two, and sometimes, like Camden (6.30), Hartford (7.3), Jones Beach (7.7), and Scranton (7.11), it was for the entire second set. These sets were the high points of the entire tour, and I’m pretty sure Phil would agree. One of the highlights of this run of sit-ins was the sublime second set at Camden, where the entire band was tapped in. (Just look at Phil’s face as Trey rips apart St. Stephen in the video below!) Trey elevated the play of Phil’s band to another level each time he took the stage, and it were these sets that I continued to listen to when the summer ended.
Phil & Trey @ Vegoose 10.29.06 (Spector1)
Trey also sat in with Phil and Friends at Halloween’s Vegoose Festival in Las Vegas in ’06, not only for the festival set, but for an entire two-set late night gig as well. Earlier in the year, before GRAB/Phil tour, Phil joined GRAB onstage at Bonnaroo for a rendition of “Casey Jones.” Gradually, it seemed like playing with Phil was Trey’s new favorite stage. He got to improvise freely over Dead classics, standing in for Jerry, while sprinkling in songs from his own catalog. He was loving it, and the fans were too- Phil didn’t have too many friends with the guitar prowess of Trey. But less than two months after Vegoose, on December 15th, Trey was arrested and sequestered to Whitehall, NY and its surroundings.
The Rhythm Devils w/ Mike @ Vegoose (Dan B.)
Taken out of the scene for a while, Trey’s next big appearance was actually with Phil and Friends at the nearby, hence legal, Glens Falls Civic Center on 10.20.07. At his stop in Glens Falls, Phil was actually granted the symbolic power of being mayor of Glens Falls for the day. And as his “power” was granted, Phil said, “As my first act as honorary mayor, it is my intention to pardon Trey Anastasio,” voicing his support for his friend. Trey was welcomed by Phil back to the stage that night, sitting in with Phil and Friends for two sets of Dead music, while adding “Shine” and “Plasma.” Phil had Trey’s back, as he was no stranger to addiction, and it was with his friendship and backing that Trey returned to the stage for the first show since his arrest.
"Serial Pod"
Beyond Trey and Phil’s relationship, Mike also got in on the Phish / Dead collaborations. In fall 2006, Mike played a series of shows with Mickey Hart and Billy Kreutzmann’s “Rhythm Devils,” with Steve Kimock on guitar, including a slot at Vegoose. And yet another collaboration between the two bands was “Serial Pod,” a project between Mike, Trey, and Billy in 2005. Nevertheless, all of these sit-ins and hybrid projects were sparked by those three epic nights at The Warfield. Going where no one dared go before, Trey, Page, Phil, Kimock, and Molo fused past and current counter-culture; the circle was now complete.
Trey’s solo in “St. Stephen”w/ Phil and Friends – 6.30.06, Camden, NJ (!!)
DOWNLOAD OF THE DAY:
4.17.99 Phil & Friends @ The Warfield < LINK
4.17.99 Phil & Friends @ The Warfield < TORRENT LINK
I: Dark Star > It’s Up to You, Days Between > Dark Star (first verse) > My Favorite Things, Mississippi Half-Step, Birdsong
II: Terrapin Station > Down with Disease > Dark Star (second verse) > Friend of the Devil, Casey Jones, Morning Dew, Goin Down The Road Feelin Bad* > And We Bid You Goodnight
Tags: 1999, Culture, Phil and Friends, Side Projects
In Another Times Forgotten Space
Posted in Uncategorized with the tags 1999, Culture, Phil and Friends on April 16th, 2009 by Mr.Miner
Walking into The Warfield, there was a palpable energy in the building long before the first show got underway. Standing in the ornate theatre in which The Dead performed fifteen sold out shows, and about to witness history, there was a unique unknown to the entire event. Familiar faces from across the nation slowly filled the 2,300 person venue, prepared for the most highly anticipated journeys in recent memory. There seemed to be a controlled feeling of wonder about what was soon to happen, and everyone shared the sense that these three nights would not be your average concerts- and everyone was most certainly correct.
"Hello Old Friend" 4.15.99 (S.Millman)
As people settled into their seats, anticipation quietly grew amidst the ganja haze until Phil and his kids, along with Kimock, came out in front of The Warfield’s red curtain to symbolically open the run with Eric Clapton’s “Hello Old Friend.” Welcoming Phil back from liver transplant surgery, and welcoming the adoring fans to these special nights, this added a personal touch at the onset of the shows. But when the curtain rose, the band took no time at all to get going at full throttle.
Opening the show with one of The Dead’s earliest staples, the band tore apart a thirty-minute version of the classic, “Viola Lee Blues.” The start of the song drew a huge roar from the crowd, but as the band improvised through several distinct jams, people began to be floored by what they were witnessing. Never did anyone think they would step on stage and dive into the improvisational trenches with the coherency that they did. As the band wrapped back around to the final drop back into the song, they had already brought the audience on a wild psychedelic adventure that no one could believe. Quoting nugs.net, “The “Viola Lee” was so long and intense that many old time family members had to leave their side stage perch to go catch a breather outside The Warfield.” And things were just getting started.
Donna, Phil, and Trey, 4.16 (S. Millman)
The rest of the set was highlighted by the appearance of “Cosmic Charlie,” and the improbable combination of “Wolfman’s > Uncle John’s Band.” When the first notes of “Wolfman’s” bellowed over the crowd, the Phish sector of fans were overjoyed- we had our answer- the band would be integrating Phish songs into the predominantly Dead-based sets! As the band moved out of the composed section of “Wolfman’s” they entered some incredibly patient improvisation that led beautifully into a scorching 24 minute adventure of “Uncle John’s Band” that was a high point of the night.
It is quite hard to nail down “highlights” of these shows, as every single song could be considered one. The level of musical communication and improvisation was stunning for a group of musicians who had practiced together for only a short time. The aspect of the music that was so surreal was hearing Trey and Page’s familiar styles and licks integrated seamlessly into the milieu of Grateful Dead music. Hearing Trey back Kimock and Phil with his signature rhythm licks, or hearing him solo within the context of this music was pure magic. Unintimidated by standing on Garcia’s legendary stage, Trey let his mojo flow, emerging with some of his best-ever playing. The interplay of Trey and Kimock was sublime- the two guitarists were so focused on each others’ offerings, they often stood on stage staring at each other while shredding intertwining lines. The entire experience had the audience silent and in awe of the group’s musical theatrics. I don’t remember ever being more focused at any live music experience in my life, as the shows were quicky surpassing anyone’s expectations. And that was just the first of six sets.
Page and Kimock (S.Millman)
“Sugaree” provided the first standout segment of the second set as Kimock and Trey exchanged intense solos. Integrating Bob Dylan’s late ’60s anthem into the set, they gave a cross-generational nod to the culture The Dead and Phish had collectively carried into 1999. Trey sang and played on a poignant version of “Row Jimmy,” treading on sacred Garcia territory and doing it justice before the band drove into an extended funky escapade down “Shakedown Street.” The band flowed smoothly throughout the first part of this jam and then brought the music far deeper, beyond the song’s traditional textures. Eventually, they coyly segued into “The Wheel” in classic late-second set Grateful Dead fashion. Crafting these sets with intention, the band used one of the Dead’s staple show closers to end night one with a brilliantly played “Not Fade Away.” To describe in depth the musical spirit that filled The Warfield on this night would be futile, as the the magic that hung in the room was tangible. It was heavenly- and there were still two more nights to come.
Everyone stepped into the theatre on the second night much more clued in to what would happen. But the way in which the improv would progress over these nights, no one could predict. This middle show was a virtual greatest hits performance of The Dead’s history, while the band also blended in the best version of “Prince Caspian” ever played, and a rhythmic-focused “Chalk Dust” to the delight of the Phish minority in the crowd.
Kimock, Phil and Trey (S.Millman)
As the curtain rose, the night started with the thrilling triumvirate of “Help On the Way > Slipknot > Franklin’s Tower,” with an insanely intricate jam coming in “Slipknot.” As the twisting imrov ended and the entrance into “Franklin’s” was lined up, the crowd readied themselves for the melodic arrival. As Page took lead vocals beautifully on “Franklin’s Tower,” night two couldn’t have started out any better.
After stops in Pink Floyd’s “Wish You Were Here” and “Tennessee Jed,” one of the most powerful moments of the three nights took place. These entire shows were in the memory of The Grateful Dead’s peerless musical tradition, owed in large part to Jerry himself. To honor Garcia in his own home, the band entered a painfully soulful rendition of “Stella Blue”- one of Jerry’s most revered ballads. Yet as the band played the song, Kimock’s guitar sang the lyrics, leaving the space for Jerry’s spirit to fill the air. An ultimate tribute to the fallen hero, the band offered this spiritual gift with utmost care. Following these incredibly emotional moments, the band busted into one of The Dead’s older fan favorites, “Alligator,” bringing some upbeat improv and signature Trey funk to the table.
Spirits soared with the fantasy setlist and the quality of music that was coming from the stage- no one ever expected it to be this good. While it was unknown how the band would interact before the shows started, it was plain to see that they were locked into each other’s playing and enjoying the adventures every bit as much as we were. The one unknown (for me) before the shows- drummer John Molo- was proving to be a master of his craft, complementing, framing, and adding to the music as masterfully as anyone could. An astounding drummer, his work enhanced the band’s sound throughout the weekend. Everyone at these shows were now immersed in the thick of the three night run. With three memorable sets down, and three to go, the midpoint was like being wedged in the middle of a dream.
The second set of this night was one of the strongest of the run, boasting incredible jams in every song. As Donna Jean joined for parts of this set, they opened with the catchy “Bertha” to get things started in joyful fashion; but what came next, nobody was expecting. Out of all the Phish songs that Trey could have chosen to bring to Phil’s shows, he chose “Prince Caspian,” one of his favorites, yet a song that is hated on by more than a few Phish fans. But when this band took a more patient and rhythmic approach to the song rather than the two-chord, heavy guitar themed Phish version, pure wonderment was the result. Credit Kimock for lending his amazing playing to this version, working with the rest of the band to create the best “Caspian” ever performed. Cerebral and transcendent, this mellow approach to the song seemed to fit the vibe perfectly, and any questioning of why Trey chose this song dissipated instantly with the onset of the emotive and gripping improvisation.
The next combination of songs were some of the most hallowed in Dead history, as the band delved into “St. Stephen > The Eleven” followed by Phil’s “Unbroken Chain.” Each segment of improvisation grew more impressive than the last as the band began to gel more and more throughout the course of the three nights. The tightness and serene quality to their jamming was unfathomable- until you remembered who the people standing on stage were. Upping the ante with each masterpiece they dusted off, the improv took on a distinctly hybrid quality- integrating elements of both The Dead and Phish’s style of jamming, with a result that was remarkable. To hear Trey shred apart “St. Stephen,” mixing his searing lines with Kimock’s more Jerry-based tone created an amalgam of sound that was overwhelming. As they moved into “The Eleven,” a melodic rush of energy infused everyone in the room listening to the band’s cooperative playing behind Trey’s guitar narration.
“Unbroken Chain” took on a specific poignancy being Phil’s song, and having been such an elusive piece of Dead music for so long. The band locked into some of the best playing of the night for Phil’s composition, as they created yet another stunning rendition of a Dead legend. Again, Trey’s leads stood front and center for much of the jam, as he was completely comfortable surrendering to the flow and letting himelf go. Following Phil’s song, they busted right into Trey’s song- “Chalk Dust Torture.” Taking some of the rocking edge off the song, the band played a chugging version of the Phish classic whose textures landed right in the middle of both band’s music. Following the normal composition, Kimock and Trey engaged in some intricate guitar work that brought the song far from its Phishy foundation. The band capped the set with a spirited and heavily improvised “Scarlet > Fire,” a favorite of all fans, Phish and Dead alike. An appropriately acoustic “Ripple” was the encore after a night of raucous psychedelic exploration.
4.16.99 (S.Millman)
The musical peak of these three nights took place during this first set. As the band opened “Dark Star,” The Dead’s most psychedelic epic, they announced that it was on tonight. The band reached a fluidity during the opening half of this show that we dream about experiencing from any band. The most stunning improv of the three nights came at the onset of this show in “Dark Star > It’s Up to You,” the latter being the only Kimock song included in the weekend. The band played so naturally and organically through “Dark Star’s” open ended jam, creating a unique musical universe along the way. It wasn’t quite Dead music, and it wasn’t Phish music, while Kimock and Molo also left their indelible signatures on this jam-and the weekend.
As the opening “Dark Star” jam continued, the cosmic interplay of the band leapt from the stage as one entity; no one dominating the music whatsoever. The band remained connected and flowing like a river throughout this segment, building energy as the improv progressed. Lost in the sonic bliss, The Warfield was silent as the band navigated some of the most beautiful music ever played in the building.
As the first jam of “Dark Star” peaked in a cascade of rhythm and melody, the band naturally landed back in the composed verse before taking the music right back out and into the shimmering intro to “It’s Up To You”- one of Kimock’s most poignant tunes. Without knowing the song very well, this section was absolutely flooring seeing that it produced, in my opinion, the best jam of the three nights. The blissful composition highlighted each member’s delicacy and gave way to an improvisational ride like no other. Kimock took the lead guitar, as Trey began to chop rhythm licks behind him. The way Phil played bass was like having another melodic lead on stage, and his interplay with Kimock during this section was sublime. As Kimock continued his noodly lead atop the band, Trey’s added some tonal color to the jam before the band shifted gears into a darker musical palette.
At this point, Trey’s rhythm licks grew far more significant, and all of a sudden, we began to feel like we were at a Phishier show as he began to orchestrate the jam from behind the scenes. Molo hopped on board with Trey’s grooves, and the next thing you knew, we were in a swampy Trey-led funk jam that Kimock continued painting with perfect leads. This is pure and this is IT. While the band swam in IT for most of the weekend, this is the jam that has been talked about most by many people as the highlight of the run. As the band dissolved back into the composition, the crowd was in awe at what had gone down since the beginning of “Dark Star” a half an hour ago.
Coming to a stop, the band moved into the Dead’s ballad “Days Between.” Out of the slower song, the band built a nasty Trey-led jam, creatively bringing the band back into the second verse of “Dark Star.” Gliding through the serene musical plane, the band surprisingly segued into John Coltrane’s version of “My Favorite Things,” also covered by Kimock at the time in his band, KVHW. This nod to Coltrane’s psychedelic mastery brought yet another historical figure into this universal musical soup. Effortlessly moving like a jazz-fusion quintet, this was most definitely a treat for all, and another instance where Page and Kimock were collectively killing it. After “Mississippi Half-Step,” they closed the best set of the run with a particularly stirring 22-minute version of “Birdsong” with Page on lead vocals. This was getting too good to be true, and now there was only one set left to go.
The final set of the weekend was reserved for a run through some hallowed Dead classics- and one by Phish. Opening the set with potentially the Dead’s greatest opus, “Terrapin Station” filled The Warfield as Trey and Phil switched off singing. Simply magnificent, the band nailed the musical suite with both precision and emotion, basking in the mysteries dark and vast. The ending jam of the song melded into a calm soundscape, highlighting the collective musicianship of everyone’s new favorite five-piece band. But before long, they molded this mellow music into another climactic piece of improv, this time with Kimock taking it to the top. It was as if the band continuously tried to create the best piece of music throughout the weekend, and they largely succeeded.
As this jam ended, a Trey loop was left in the background!? Before we got a hold of what was going on, Phil was dropping Gordon’s bass intro to “Disease!” Playing the melody in his own Leshy way, Phil lent a completely different feel to the song than Mike. A slower paced version, Trey was all shits and giggles during this unique version of one of his favorite Phish songs. “Terrapin > Disease!” Were they joking?! In one of the most fun surprises of the weekend, The Warfield turned into an impromptu Phish party for about ten minutes as Trey happily took front and center for his song. Far from Phish, this interpretation of “Disease” fit congruently with the feel of the weekend. As the music began getting quieter, the band melted back into the second verse of “Dark Star!” Yes, that read “Disease > Dark Star.” Combining traditions like we never imagined, the band fluidly morphed Phish and Dead songs on more than one occasion throughout the weekend. Taking the the psychedelic epic out yet again, the band created another flowing jam, this time descending into “Friend of the Devil.” The Garcia classic was followed by two more in “Casey Jones” and the sacred, “Morning Dew.” The latter provided the final truly improvised piece of the weekend, and the band took us on a spiritual ride through the poignant Jerry-sung traditional ballad. You could hear a pin drop in the theatre as the emotional jam resonated with everyone in the building.
As the band moved into a final segment of “Goin Down The Road > We Bid you Goodnight,” there was a bittersweet feeling of reverence encapsulating my mind for the most magical three nights of my life. They say all good things must come to an end, but I didn’t want to leave. This was different; this was a deeper magic from the dawn of time. The encore of Phil’s own “Box of Rain” fit perfectly as the end of the an other-worldy three nights:
…It’s all a dream we dreamed
one afternoon long ago
Walk into splintered sunlight
Inch your way through dead dreams
to another land…
Walking out of The Warfield, my mind was spinning. There was so much processing that needed to be done, and just wait till we got a hold of those tapes! Three nights like none other in my musical career; I had been affected. Walking out in wonder, I meandered onto “scenic” Market Street of San Francisco, and right into the rest of my life.
“Dark Star -> It’s Up to You”
[audio:http://phishthoughts.com/wp-content/uploads/2009/04/1-01-dark-star-_.mp3,http://phishthoughts.com/wp-content/uploads/2009/04/1-02-its-up-to-you.mp3]
“Prince Caspian > St. Stephen > The Eleven“
4.16.99 Phil and Friends @ The Warfield < LINK
4.16.99 Phil and Friends @ The Warfield < TORRENT LINK
II: Bertha**, Prince Caspian > St Stephen > The Eleven > Unbroken Chain, Chalkdust Torture, Mountains of the Moon, Scarlet Begonias**> Fire On The Mountain**
Tags: 1999, Culture, Phil and Friends
A Dream We Dreamed One Night Ten Years Ago
Soundcheck (S.Millman)
Today marks the ten year anniversary of three of the most significant concerts in psychedelic rock history. It was April 15th, 16th, and 17th, 1999 when Trey and Page stepped on stage at The Warfield with Phil Lesh, Steve Kimock, and John Molo for night one of the legendary Phil and Friends shows that united Phish and The Grateful Dead for the first time. Trey and Page started out covering Dead songs in college, yet spent most of the subsequent two decades carving out Phish’s musical identity while keeping comparisons to The Dead at arms reach. These shows represented a psychedelic homecoming for our two Phish heroes, both who revered the work of the San Francisco legends.
These three nights also represented the spark of Phil Lesh’s solo career in earnest, marking his first shows back from liver transplant surgery five months earlier. Although there had already been Further Festivals, The Other Ones, and a couple interesting Phil and Friends shows, many in the Dead community point to this three night run as the beginning of Phil’s return to prominence.
But more than anything, these shows marked the union of The Grateful Dead and the Phish scenes, two groups that didn’t always see eye to eye. Many in The Dead community grew bitter towards Phish and their scene, viewing them as watered-down imitators of their counter-culture gods. Additional segmentation occurred after Jerry died, as many Dead fans decided to turn to Phish, while others just turned a cold shoulder. It almost felt as if you had to have an allegiance to one band or the other- not both.
But then one night in 1998, everything changed. When Phish declared both their reverence for, and independence from, The Dead by covering “Terrapin Station” on the third anniversary of Jerry’s death, the door for this union swung open. Comfortable with their own place in music history, Phish no longer needed to shy away from the music and culture of their forebearers, And less than a year later we were at The Warfield.
As the rumor began to spread of these shows, it was hard to believe at first. Trey and Page were going to play three nights of Dead music at The Warfield with Phil?! A feeling of historical awe came with the notion, and the possibilities were endless. When the rumors were finally confirmed, the mission for tickets to this once in a lifetime event was on! Having scouted a Ticketmaster outlet and driven hours upon hours into the middle of nowhere in the central part of Northern California, our plan came to fruition as we were the as the second and third people in line at a grocery store in Yuba City. (A scalper was first. ) Leaving the store with tickets in hand to all three nights, the long drive back to Santa Cruz was one of the happiest road trips of our lives.
The Warfield 4/99 (S.Millman)
As the time leading up to these shows grew shorter and shorter, the question of what they would be like became the center of most conversation. With Steve Kimock, a Garcia prodigy who was known for his ability to channel the sound of his mentor, and Trey on stage together, one thing was for sure- it would be a showcase of virtuoso guitar work. But would the band gel? Would they jam coherently? Would it be intense? Sloppy? These questions swirled in both bands’ communities. Then there was the question I deemed absurd at the time- would they play Phish songs? “No chance!”, I thought- these were Phil’s gigs, we were just along for the ride. Regardless of anyone’s musical expectations- no matter how high- these three nights blew them straight out of the water.
With a sense of the historic implications, the inspriation that they represented to so many people, and ridiculous musical skills, the band created three nights of absolute, unadulterated magic. The band approached every hallowed piece from The Dead canon with similar reverence, drill-bit focus and desire to create something special- and each and every time, they did. Virtually every song over these three nights represented a sacred part of The Grateful Dead’s cultural wake, and the band members collectively treated each piece with full-on dedication; what resulted was simply remarkable. For three nights, Phil, Trey, Page, Kimock, and Molo captivated The Warfield audience beyond anyone’s wildest imagination, scripting a psychedelic fairy tale for the ages.
Stay tuned the rest of this week for the rest of a three-part series looking at these magnificent and powerful evenings! Coming Up: The Shows and The Aftermath.
4.15.99 Phil & Friends @ The Warfield, SBD < LINK
4.15.99 Phil & Friends @ The Warfield, SBD < TORRENT LINK
Trey Ripping "Disease" at The Warfield (4.17)
Over the next three days I will be featuring 24-channel multitracked SBDs of these epic evenings at The Warfield. These are some of the most pristine recordings you’ll ever hear of three truly poignant and powerful evenings of music. Today we feature the first one. Before set one, Phil, his sons and Kimock on Strat sang “Hello Old Friend” (Eric Clapton) in front of the curtain to thunderous applause welcoming Phil back. Check out tomorrow’s post for an overview of the show. Fyi, “Viola Lee Blues,” and “Uncle John’s Band” are insane.
I: Viola Lee Blues, Big Railroad Blues, Jack-a-Roe, Cosmic Charlie, Wolfman’s Brother > Uncle John’s Band
II: Alabama Getaway, Sugaree, Like a Rolling Stone > I Know You Rider, Row Jimmy, Shakedown Street > The Wheel > Not Fade Away
Island Run Pins
Dreaming of That Feeling
Holy Blankenstein: Spirituality in Sci-Fi Soldier
A Spirit Family
Dancing in a Dream
The In Sound From Way Out
Please Her with a Tweezer
A Hershey’s Kiss
Screaming Through Space
Fun and Then Some
Rooted in the Now
We’ve Got a Band
A Spellbinding Set
Back to the Freezer
Hitting Stride
kenny powers on Dreaming of That Feeling
Willowed on Dreaming of That Feeling
Mr.Miner on Dreaming of That Feeling
Gorkwarden on Holy Blankenstein: Spirituality in Sci-Fi Soldier
BWyatt on A Spirit Family
I. Phish Thoughts Links
Blackboard Meetups
No Spoilers Downloads
Side Proj. Reader Reviews
Stein Photography
The Book Site
Ticket Exhange Board
Torrent Tutorial
II. Phish News
Mike Gordon.com
Phish.com
Trey.com
III. Miner's Picks
1.20.09 Pt. 1
April ’92 Pt. 1
Club Phish Pt. 1
December ’95 Pt. 1
December ’95 Pt. 4 (Bonus)
Fall ’96 Pt. 1
Giant Country Horns '91
June '09
Laid Back ’98 Funk
November '94 Pt. 1
Phish Returns! Pt. 1
Set Closers
Set Openers
Starting Nine
Sucka’ Punched Pt. 1
Summer '09: Leg II – East
Summer '09: Leg II – West
Summer ’95 Pt. 1
Travel Tunes
Turkey ’08 Pt. 1
Venue : Red Rocks
Venue: Alpine Valley
Venue: Hampton
Venue: Star Lake Pt. 1
Venue: The Gorge Pt. 1
Venue: The Spectrum Pt. 1
Venue: Thomas & Mack
IV. Links
Andy Gadiel’s Phish Page
Antelope Gear
Back In My Day
Cash or Trade
Consider It Dan
Coventry Music & Phish Blog
ErnieStires.com
Hidden Track Blog
JamBase
LivePhish Downloads
Mr. Miner's 2000 Reviews
MYFE. Designs
Oceans Of Osyrus
Partyin' Peeps
PhanArt
Phish and The Dead
Phish Archive
Phish Aud Dowloads
Phishows.com (Mp3 DLoads)
Raging On Rails
The Lost Art of the Mix Tape
Trey's Guitar Rig
Yoganonymous
You Enjoy My Blog
V: Contact
mrminer@phishthoughts.com
1993 1994 1995 1996 1997 1998 1999 2000 2003 2009 2010 2011 2012 2013 2014 Albums Classic TAB Comeback Culture Fall '09 Fall '10 Fall '13 Festival 8 Festivals Halloween Hampton International Jams LOST Mike Miner's Picks New Years Reader's Picks Side Projects Songs Summer '09 Summer '10 Summer '13 Summer 2011 Summer 2012 The Moment Trey TTFF Venues Weekend Nuggets
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Home Celebs PewDiePie Slammed for Racism AGAIN, Roasted by Twitter!
PewDiePie Slammed for Racism AGAIN, Roasted by Twitter!
Hey, you know when you stub your toe or somebody cuts you off in traffic and, whoops, you accidentally say something outrageously bigoted?
No, you don’t do that? You’re a decent human being who doesn’t have slurs floating around on the tip of your tongue, ready to spill out whenever you’re frustrated?
Then you’re a better person than the infamous YouTuber named PewDiePie, because he’s once again under fire for bigotry.
PewDiePie is a YouTuber who plays video games while commenting. Some of his “edgy humor” won him a sizable following.
He’s also handsome. That’s the “secret” of being successful on YouTube, just like with Instagram.
(Also, like, in life — it’s not the only way to success, but it sure does help)
PewDiePie’s real name is Felix Kjellberg, but his YouTube moniker has earned him internet fame as well as millions and millions of dollars.
You might think that becoming a millionaire by streaming gameplay on YouTube sounds like a scam or a pipe dream, but it’s supported by ad revenue and sponsorships. And the few who make this tier provide entertainment to tens of millions of subscribers.
But not everyone who becomes rich and famous is a good person. As we are all painfully aware.
Earlier this year, Disney released PewDiePie for his antisemitic “prank” that was deeply disturbing.
See, PewDiePie had hired two men to carry a sign that supported the murder of Jewish people. He claimed that it was a joke.
Obviously, it’s not funny.
Honestly, we’d almost forgotten that PewDiePie still had a following, as people outed him as a racist years ago and we’d pretty much stopped seeing people talk about him.
Maybe now, they’ll really stop talking about him.
This time, PewDiePie didn’t get in trouble for his “edgy humor,” but for what he said while streaming a game.
He was playing and livestreaming a game called PlayerUnknown Battlegrounds. He voiced his frustration while playing, and … it’s pretty awful.
“What a f–king n—-r. Geez, oh my god, what the f–k! Sorry but what the f–k! What a f–king a–hole.”
So he just dropped the literal worst word in the entire English language. The N-word is worse than “f–k” and worst than “moist.”
But apparently, it was just on the tip of PewDiePie’s tongue as a handy insult that he was ready to hurl.
It’s important to understand how video game frustration works in order to truly understand how indefensible PewDiePie’s use of that slur is.
I did my first real peer-versus-peer gaming back in 2008, on a team with my best friend. He and I were on voice chat.
It was absolutely frustrating. I cursed and vocalized my frustration.
Having recently watched a marathon of Kathy Griffin standup, everything that I said while venting my fury sounded like Kathy Griffin’s impression of her mother’s cursing.
That’s kind of funny, but it reflected what had just been on my mind.
Personally, and especially as a white dude from the South, I cannot imagine having a “slip up” like PewDiePie’s.
Honestly, I don’t even like to say the name of that bouncing tiger from Winnie the Pooh. For the N-word to be floating around PewDiePie’s subconscious enough that he’s ready to fire it off by accident is basically unthinkable.
As you can imagine, every corner of the internet not frequented by white supremacists was pretty horrified.
Twitter responded:
“You don’t accidentally say a derogatory term.”
“PewDiePie wouldn’t have accidentally said the n word unless he comfortably says it when he’s not on camera.”
“He’s literal trash.”
“He only apologized because he remembered that he was live streaming and was caught using a word he’s comfortable using in private.”
At least one video game developer announced that they were going to file a copyright takedown notice with YouTube to get footage of their games removed from PewDiePie’s YouTube channel.
Since YouTube streams of games are essentially free advertising for videogame developers, this is a move about principle.
Developers from other video game companies expressed their approval for the move on Twitter.
PewDiePie’s been hemorrhaging fans over the years, but we’re sure that he’ll have his loyalists who want to forgive him. Again.
Or maybe he’s finally reached his breaking point.
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Contract Allowed Sexual Harrassment
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Geodis Wilson wins long-term contract with Caracal Energy
September 24, 2013 by Julia Hiles
Paris, 24 September 2013
The Industrial Projects division of international freight forwarder Geodis Wilson secured a new 3-year contract with Caracal Energy Inc. (“Caracal Energy”), an international player in the exploration and development of oil and gas fields.
Caracal Energy has chosen Geodis Wilson as its logistics partner for the exploration of a new resource field in Chad, the company’s primary market. The deal includes global freight forwarding activities by air and sea, planning and execution of inland logistics, customs clearance, as well as rail and road transportation through Chad and Cameroon. The contract is worth 34 million Euros, with an option to extend for an additional 2 years.
Philippe Somers, Senior Vice President Industrial Projects, comments: “We are extremely proud that Caracal Energy is placing its trust in us to operate this key business for them. It underlines our capabilities in oil & gas project logistics, which is one of our biggest differentiators in the market.” Geodis Wilson serves some of the world’s largest oil & gas companies, mostly in markets that are challenging from an infrastructure perspective. “We are known for delivering specialised transport solutions for the energy segment worldwide, as well as for mining companies, the petrochemical industry, infrastructure projects and the rail industry. Our Industrial Projects division is a strategic driver for our future growth,” says Kim Pedersen, Executive Vice President at Geodis Wilson.
“Geodis Wilson has performed well over the past 18 months and continues to improve in areas that are particularly important to Caracal. Caracal looks forward to a productive relationship over the next 3 years”, commented John Vivian, Director Procurement & Supply Chain at Caracal.
The next shipments related to the exploration project in Chad are taking place in September this year.
– ENDS –
Caption: A 78000 lbs emulsion treater (Dimensions – 580x156x17 inches), being transported by Geodis Wilson for Caracal Energy from Edmonton, Canada to Houston, US by land and then ocean to Douala, Cameroon, and then rail/truck to final job site in Chad
About Caracal Energy Inc.
Based in Canada, Caracal Energy Inc. is an international exploration and development company focused on oil and gas exploration, development and production activities in the Republic of Chad, Africa. In 2011, the Company acquired three production sharing contracts (“PSCs”) from the government of the Republic of Chad. These PSCs provide exclusive rights to explore and develop reserves and resources in southern Chad. The PSCs cover two world-class oil basins with development opportunity, oil discoveries, and numerous exploration prospects.
For more information please visit: www.caracalenergy.com
About Geodis
Geodis: a transport and logistics expert
A logistics provider and wholly-owned subsidiary of SNCF Group, Geodis is a European company with a worldwide scope, ranking number four in its field in Europe. The Group’s ability to break through the constraints of logistics and to coordinate all or part of the logistics chain (air and sea freight forwarding, groupage, express, contract logistics, transport of part and full truck loads, reverse logistics, supply chain coordination and optimisation) enables it to be its customers’ growth partner and provide them with solutions tailored to optimising their material and information flows. Across a presence in 66 countries, the Group’s 32,100 employees aim at continuously improving their own and their clients’ performance. Geodis reported revenues of €7.1 billion in 2012.
Geodis Wilson is the freight forwarding division of Geodis Group. Its core business is tailor-made airfreight and ocean freight solutions with a dedicated industry focus. In combination with value-added services and information services Geodis Wilson provides transport and logistics services on a global scale and helps its clients to enhance their business development worldwide.
www.geodis.com
www.geodiswilson.com
Priority Freight Attends MRO Europe
London, 23rd September 2013
Priority Freight, the award winning global lead logistics provider of time-critical freight transport services is exhibiting for the first time at ‘MRO Europe 2013’ Europe’s leading networking event for the Commercial Aviation MRO & Aftermarket. The exhibition is being held Excel Conference and Exhibition Centre, London this week (24-26 September)
“The aviation, aerospace and AOG sectors remain areas where a particular type of specialised logistics services such as ours are often called for to deliver parts for both maintenance and assembly in a time-critical and reliable manner.” comments Priority Freight’s Group Managing Director Neal Williams. “Having attended other events in this sector this year, we certainly want to be part of this dynamic community. I am also pleased to introduce my colleagues to the MRO market, in particular Gemma Holmes, General Manager of our Heathrow office, who recently joined Priority Freight.”
Priority Freight will be showcasing its expedited freight services that have been honed to the height of efficiency by years of experience in the demanding aviation and automotive sector on Stand F54 at the exhibition this year. The company has an experienced multilingual staff that operates from nine offices located in seven European countries. It provides emergency freight solutions to time-critical transport problems 24/7, 365 days a year around the world.
‘MRO Europe’ is proud of the place it holds in the airline supply chain, facilitating business exchanges and contacts between airlines and their technical supply base. Covering the full range of MRO and related services, exhibitors, delegates and visitors between them represent the full spectrum of activities which go into keeping airlines flying.
http://events.aviationweek.com/current/meu
Notes for Editors:
About Priority Freight: Established in 1996, Priority Freight’s reliability and competitiveness have allowed it to progress rapidly. Now with over 90 employees, the family-run business continues to take pride in maintaining its core values of trustworthiness and value for money. Priority Freight is one of Europe’s leading time-critical freight specialists, helping clients to meet complex and urgent international delivery challenges worldwide. Priority Freight has offices throughout Europe and members of its experienced staff are available 24/7, 365 days a year, meeting its customers’ time-critical transport needs and often beating seemingly impossible deadlines. www.priorityfreight.com
Priority Freight Representatives attending ‘MRO Europe’ include:
Neal Williams, Group Managing Director
Gemma Holmes, General Manager
Stuart Jones, Business Development Manager
Gabi Dopazo, Business Development Manager
(Maria Udy – Marketing & PR)
Filed Under: Priority Freight
“K” Line to invest in Next Generation Car Carriers
September 9, 2013 by Julia Hiles
Kawasaki Kisen Kaisha, Ltd. (“K” Line) and shipbuilding companies have reached agreements to build four next generation car carrier vessels.
Participating shipbuilders are Shin Kurushima Dockyard Co. Ltd and Japan Marine United Corporation, each company to build two vessels, respectively.
“We have spent considerable length of time studying and investigating the most suitable next generation car carrier with shipyards. We have appointed two shipyards and are adopting state of the art design in terms of top notch fuel efficiency and flexibility on cargo handling that will be far better than our existing fleet”, says Yoshiyuki Aoki, Executive Managing Officer, Car Carrier Sector. “These vessels will be the widest beam ever built, around 37-38 meters with 7,500-unit capacity. Length of the vessel is kept at 200 meters, considering ability to call at any port.”
“37-38 meter beam has come as a result of a series of simulation tests, exploring both better stability of the vessel and better fuel efficiency at the same time. Thanks to full support from the Shipyard, we are confident that we will have success in optimizing those two factors. These new vessels will be equipped with “CAUL” to mitigate wind pressure for optimum fuel consumption. Another technical point being addressed with these new ships is cargo loading equipment inside of the cargo hold and loading ramp as well in order to be best suited for not only passenger cars but also other RORO cargoes.”
“These four ships will replace existing aged tonnage. It is our estimation that the car transport market and RORO cargo market will steadily grow, so we will continue to develop our fleet to deliver value added efficiency and capability of handling an even wider variety of cargo mix to assure our services successfully meet the needs of our valued customers,” Aoki added.
Delivery of this quartet of new ships will take place in 2015 and the first quarter of 2016.
Toru Otoda
Group Manager, Car Carrier Planning & Development Group
Kawasaki Kisen Kaisha, Ltd. Tel: +81-3-3595-5471
Takamasa Soejima
Manager of Planning & Co-operation Team, Car Carrier Planning & Development Group
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Psychology > Social Psychology > Social Cognition > Attribution
Attribution Definition
The term attribution has several distinct meanings. In the 1920s, Austrian philosopher and psychologist Fritz Heider originally referred to attribution as a central process in human perception that helped solve a philosophical puzzle of the time. According to this puzzle, the mind perceives objects that exist in the world, but the perception itself exists in the mind; how, then, can people experience objects as “out there” rather than “in here,” in their own minds? Heider argued that humans engage in a psychological process of attributing their subjective experiences to objects in the world. That is, the objects are cognitively reconstructed to be the causal sources of perceptual experiences. By contrast, when people try to imagine (rather than perceive) an object, they attribute this experience to their own minds.
The second meaning is also based on Heider’s theorizing. In the 1940s, Heider became interested in social cognition, the processes by which people perceive and make judgments about other people. Here attributions are also causal judgments, but judgments about the causes of people’s behavior. Heider distinguished between two types of causal attributions. Attributions to personal causes refer to beliefs, desires, and intentions that bring about purposeful human behavior (e.g., writing a letter with the desire of impressing a potential employer); attributions to impersonal causes refer to forces that don’t involve intention or purpose (e.g., the wind drying out a person’s eyes). Thus, in the domain of social perception, social psychologists speak of causal attributions for behavior, that is, people’s attempts to explain why a behavior occurred.
A third kind of attribution is dispositional attribution. Beginning with Edward E. Jones in 1965, researchers became interested in a particular judgment people sometimes make when they observer another person’s behavior: inferences about the person’s more stable dispositions such as traits, attitudes, and values. For example, Dale sees Audrey flutter her eyelashes and concludes she is flirtatious. Sometimes people are too eager to make such dispositional attributions even when the behavior in the particular context does not warrant the inference; in that case, people are said to display the correspondence bias or fundamental attribution error.
Finally, social psychologists speak of responsibility attributions and blame attributions, which are judgments of a moral nature. When a negative outcome occurs (e.g., a window is shattered), people try to find out who is responsible for the outcome, who is to blame. Often such responsibility attributions rely directly on causal attributions (e.g., whoever shattered the window is responsible and is to blame), but sometimes they are more complex. When the window is shattered because the neighbor’s dog tried to chase a cat teasing him behind the window, the neighbor will be responsible, and if a strong wind causes the damage, the insurance will be responsible. Responsibility attributions, then, are based both on causality (who brought about what) and on people’s obligations (who ought to do what).
Attributions are thus judgments in which an experience, behavior, or event is connected to its source: the underlying object, cause, disposition, or responsible agent.
Heider, F. (1958). The psychology of interpersonal relations. New York: Wiley.
Weiner, B. (1995). Judgments of responsibility: A foundation for a theory of social conduct. New York: Guilford Press.
← Attributional Ambiguity Automatic Processes →
Actor-Observer Asymmetries
Alcohol Myopia
Anchoring and Adjustment Heuristic
Assimilation Processes
Associative Networks
Attributional Ambiguity
Automatic Processes
Availability Heuristic
Bad Is Stronger Than Good
Barnum Effect
Base Rate Fallacy
Basking in Reflected Glory
Belief Perseverance
Blaming the Victim
Contrast Effects
Correspondence Bias
Defensive Attribution
Depressive Realism
Diagnosticity
Dilution Effect
Discounting in Attribution
Distinctiveness in Attribution
Downward Social Comparison
Expectancy Effect
Eyewitness Testimony Accuracy
False Consciousness
False Uniqueness Bias
Focalism
Fundamental Attribution Error
Gain-Loss Framing
Gambler’s Fallacy
Halo Effect
Heuristic Processing
Hostile Attribution Bias
Hostile Media Bias
Justice Motive
Just-World Hypothesis
Kelley’s Covariation Model
Lay Epistemics
Lowballing
Meaning Maintenance Model
Mind-Wandering
Moral Reasoning
Motivated Cognition
MUM Effect
Nonconscious Processes
Person Perception
Personality Judgments Accuracy
Person-Positivity Heuristic
Positive-Negative Asymmetry
Primacy Effect in Attribution
Primacy Effect in Memory
Responsibility Attribution
Risk Appraisal
Salience
Shifting Standards
Social Categorization
Social Cognitive Neuroscience
Social Projection
Spontaneous Trait Inferences
Subliminal Perception
Thin Slices of Behavior
Three-Dimensional Model of Attribution
Value Pluralism Model
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