Friday, 10 February 2012

IMN Names Speaker for Investors' Equipment Finance ... - Monitordaily

Information Management Network (IMN) and the Equipment Leasing & Finance Association (ELFA) announced Pimm Fox, Bloomberg television anchor and Bloomberg radio host, as the keynote speaker of the 11th Annual Investors? Conference on Equipment Finance to be held in New York, NY on March 15, 2012.

The conference is set to attract increasing attention from analysts, bankers and institutional investors. Nearly half of the delegates will represent investors and equipment finance companies that come to network and learn about the latest industry trends and developments. This one-day conference attracts decision-makers at the highest levels. The conference program will highlight many professional speakers, allowing for timely and thorough coverage of topics of interest to the industry.

The line-up of speakers to date includes:

  • David D?Antonio, managing director, EVERBANK COMMERCIAL FINANCE
  • Crit DeMent, chairman & chief executive officer, LEAF FINANCIAL
  • John Enyart, president, PORTFOLIO FINANCIAL SERVICING
  • Miles Herman, president, LEAF FINANCIAL
  • John Joshi, principal & chief executive officer, CAPITALFUSION PARTNERS
  • Ralph Petta, chief operating officer, ELFA
  • William G. Sutton CAE, president & chief executive officer, ELFA
  • Chuck Weilamann, senior vice president, DBRS
  • Stephen Whelan, partner, BLANK ROME
  • Evan Wilkoff, executive vice president-Capital Markets, ASCENTIUM CAPITAL
  • Kent R. Williams, chief operating officer, LEASEDIMENSIONS

    Topics to be covered include but are not limited to:

  • State of the Industry Address by the ELFA
  • The 2012 Outlook for the Equipment Finance Sector
  • Capital Markets Update and Funding Strategies Today
  • Investor Perspectives on Debt Financing
  • Risk Mitigation Developments in the Equipment Finance Sector
  • Specialty Finance Companies? Funding Strategies
  • Growth Sectors to Watch in 2012 and Beyond

    Fox hosts the in-depth investment program, ?Taking Stock with Pimm Fox?, which airs weekdays on Bloomberg Radio and Bloomberg Television. He also co-hosts Bloomberg Businessweek Radio with Ken Prewitt on Bloomberg Radio. To read Fox?s full bio click here.

    To view the list of issuers and investors already confirmed click here.

    For the full agenda click here.

    For more information and registration details click here.

    Other Recent Headlines...
  • Source: http://www.monitordaily.com/imn-names-speaker-investors-equipment-finance-conference/

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    Sunday, 5 February 2012

    Finance Minister Holds Meeting with Representatives of Business ...

    [unable to retrieve full-text content]The Finance Minister Shri Mukherjee was addressing the representatives of Indian business and trade here today in a meeting called by him as part of the Pre-Budget consultation process. The Finance Minister Shri ...

    Source: http://www.investinindia.com/investmentindia/2012/02/04/finance-minister-holds-meeting-with-representatives-of-business-and-trade-as-part-of-pre-budget-consultations/

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    Iran reports launch of small satellite into orbit

    Iranian children play on top of a tank, displayed next to the graves of soldiers, who were killed during 1980-88 Iran-Iraq war, at the Behesht-e- Zahra cemetery, just outside Tehran, Iran, Thursday, Feb. 2, 2012, in a ceremony commemorating the 33rd anniversary of Iran's 1979 Islamic Revolution which toppled the pro-US Pahlavi dynasty. (AP Photo/Vahid Salemi)

    Iranian children play on top of a tank, displayed next to the graves of soldiers, who were killed during 1980-88 Iran-Iraq war, at the Behesht-e- Zahra cemetery, just outside Tehran, Iran, Thursday, Feb. 2, 2012, in a ceremony commemorating the 33rd anniversary of Iran's 1979 Islamic Revolution which toppled the pro-US Pahlavi dynasty. (AP Photo/Vahid Salemi)

    In this photo released by the official website of the Iranian President's office, Iranian President Mahmoud Ahmadinejad, right, meets with Head of the Palestinian Islamic Jihad Ramadan Abdullah Shallah, at his office, in Tehran, Iran, Wednesday, Feb. 1, 2012. An unidentified interpreter sits at center. (AP Photo/Office of the Iranian President,)

    In this Tuesday, Oct. 18, 2011 photo, two Iranian men pose for a photographer in front of a mural of the Statue of Liberty painted on the wall of the former US Embassy, in Tehran, Iran, where Iranian militants students seized in November 1979. Militant Iranian students seized the embassy on Nov. 4, 1979, believing the embassy to be a center of plots against Iran, and then held 52 Americans hostage for 444 days. The US severed diplomatic ties in response, and the two countries have not had formal relations since. Since the Islamic Revolution 33 years ago, the walls and buildings of major cities have been an open air gallery to vilify the state's enemies and venerate the defenders of the theocracy. Government-sponsored murals became a centerpiece of the Islamic establishment's image-building machine: Depicting foes such as the U.S. with images including a skeleton for the Statue of Liberty, and celebrating the battle field dead from the 1980s war with Iraq as heroic martyrs guaranteed a place in heaven. (AP Photo/Vahid Salemi)

    (AP) ? Iran successfully launched a new small satellite into orbit early Friday, state media reported, the latest in the country's ambitious space program that has raised concerns because if its possible military applications.

    President Mahmoud Ahmadinejad called in to the launch site, saying he was "hopeful this act will send a signal of more friendship among all human beings," the state IRNA news agency reported.

    IRNA said the home-made satellite, Navid, or Gospel, was designed to collect data on weather conditions and monitor for natural disasters.

    It said the satellite weighs about 110 pounds (50 kilograms) and would orbit the earth at an altitude of up to 234 miles (375 kilometers), circling the planet 15 times a day. It's of a type known as miniaturized or microsatellites, which are cheaper to produce and allow for less costly launch vehicles.

    Navid, produced at an Iranian engineering university, is the third small satellite that Iran launched over the past years and is expected to remain in orbit for about two months. The two earlier satellites ? Omid, launched in 2009, and Rasad, sent into orbit in June 2011 ? lasted three weeks and 82 days, respectively. IRNA said Navid has advanced control technology, a higher resolution camera and photocells to generate power.

    The satellite was sent into orbit by a missile launch-vehicle dubbed Safir, or Ambassador in Farsi, which IRNA described as having 20 percent more launch power, compared to earlier versions of satellite carrier missiles.

    An Iranian website, Irannuc.ir, claimed Safir was a ballistic missile that can be converted into an intercontinental missile. State TV showed footage of the launch, with a rocket sent off and turning into a light point in the darkness of the skies.

    Iran's decade-old space program has raised alarms in the West, because the same technology that allows missiles to launch satellites can be used to fire warheads.

    Israel, the U.S. and others charge that Iran is trying to develop nuclear weapons, a charge Tehran denies, insisting its nuclear enrichment program is geared only for peaceful purposes, such as energy production.

    Foreign Minister Ali Akbar Salehi and the country's minister of science and technology, Kamran Daneshjoo, were present at the launch, IRNA said. There was no independent confirmation or details about where the launch took place.

    Iran has made a series of claims in recent years about advances in its space program, which have not been verified by others. In 2010, Tehran announced it had successfully launched a rocket carrying a mouse, turtle and worms into space.

    Also, Iran has set a goal of putting a man in orbit within 10 years, despite the expense and technological challenges involved.

    The authorities are intent on showcasing the nation's technological successes as signs Iran can advance despite the West's sanctions over its controversial nuclear program. Iran is also pressing ahead with its military missile program, frequently testing missiles capable of reaching Israel, U.S. bases in the Gulf and parts of southeast Europe.

    Associated Press

    Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-02-03-ML-Iran-Satellite/id-24268ed8d2c44abc821d339decc61965

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    Saturday, 4 February 2012

    Six myths about the foundations of modern education, and six new ...

    We are accustomed to thinking of learning as good in and of itself. But as environmental educator David Orr reminds us, our education up till now has in some ways created a monster. This essay is adapted from his commencement address to the graduating class of 1990 at Arkansas College. It prompted many in our office to wonder why such speeches are made at the end, rather than the beginning, of the collegiate experience.

    David Orr is the founder of the Meadowcreek Project, an environmental education center in Fox, AR, and is currently on the faculty of Oberlin College in Ohio. Reprinted from Ocean Arks International?s excellent quarterly tabloid Annals of Earth, Vol. VIII, No. 2, 1990. Subscriptions $10/year from 10 Shanks Pond Road, Falmouth, MA 02540.

    If today is a typical day on planet Earth, we will lose 116 square miles of rainforest, or about an acre a second. We will lose another 72 square miles to encroaching deserts, as a result of human mismanagement and overpopulation. We will lose 40 to 100 species, and no one knows whether the number is 40 or 100. Today the human population will increase by 250,000. And today we will add 2,700 tons of chlorofluorocarbons to the atmosphere and 15 million tons of carbon. Tonight the Earth will be a little hotter, its waters more acidic, and the fabric of life more threadbare.

    The truth is that many things on which your future health and prosperity depend are in dire jeopardy: climate stability, the resilience and productivity of natural systems, the beauty of the natural world, and biological diversity.

    It is worth noting that this is not the work of ignorant people. It is, rather, largely the result of work by people with BAs, BSs, LLBs, MBAs, and PhDs. Elie Wiesel made a similar point to the Global Forum in Moscow last winter when he said that the designers and perpetrators of the Holocaust were the heirs of Kant and Goethe. In most respects the Germans were the best educated people on Earth, but their education did not serve as an adequate barrier to barbarity. What was wrong with their education? In Wiesel?s words: ?It emphasized theories instead of values, concepts rather than human beings, abstraction rather than consciousness, answers instead of questions, ideology and efficiency rather than conscience.?

    The same could be said of the way our education has prepared us to think about the natural world. It is a matter of no small consequence that the only people who have lived sustainably on the planet for any length of time could not read, or, like the Amish, do not make a fetish of reading. My point is simply that education is no guarantee of decency, prudence, or wisdom. More of the same kind of education will only compound our problems. This is not an argument for ignorance, but rather a statement that the worth of education must now be measured against the standards of decency and human survival ? the issues now looming so large before us in the decade of the 1990s and beyond. It is not education that will save us, but education of a certain kind.

    SANE MEANS, MAD ENDS

    What went wrong with contemporary culture and with education? There is some insight in literature: Christopher Marlowe?s Faust, who trades his soul for knowledge and power; Mary Shelley?s Dr. Frankenstein, who refuses to take responsibility for his creation; Herman Melville?s Captain Ahab, who says ?All my means are sane, my motive and object mad.? In these characters we encounter the essence of the modern drive to dominate nature.

    Historically, Francis Bacon?s proposed union between knowledge and power foreshadows the contemporary alliance between government, business, and knowledge that has wrought so much mischief. Galileo?s separation of the intellect foreshadows the dominance of the analytical mind over that part given to creativity, humor, and wholeness. And in Descartes? epistemology, one finds the roots of the radical separation of self and object. Together these three laid the foundations for modern education, foundations now enshrined in myths we have come to accept without question. Let me suggest six.

    First, there is the myth that ignorance is a solvable problem. Ignorance is not a solvable problem, but rather an inescapable part of the human condition. The advance of knowledge always carries with it the advance of some form of ignorance. In 1930, after Thomas Midgely Jr. discovered CFCs, what had previously been a piece of trivial ignorance became a critical, life-threatening gap in the human understanding of the biosphere. No one thought to ask ?what does this substance do to what?? until the early 1970s, and by 1990 CFCs had created a general thinning of the ozone layer worldwide. With the discovery of CFCs knowledge increased; but like the circumference of an expanding circle, ignorance grew as well.

    A second myth is that with enough knowledge and technology we can manage planet Earth.. ?Managing the planet? has a nice a ring to it. It appeals to our fascination with digital readouts, computers, buttons and dials. But the complexity of Earth and its life systems can never be safely managed. The ecology of the top inch of topsoil is still largely unknown, as is its relationship to the larger systems of the biosphere.

    What might be managed is us: human desires, economies, politics, and communities. But our attention is caught by those things that avoid the hard choices implied by politics, morality, ethics, and common sense. It makes far better sense to reshape ourselves to fit a finite planet than to attempt to reshape the planet to fit our infinite wants.

    A third myth is that knowledge is increasing and by implication human goodness. There is an information explosion going on, by which I mean a rapid increase of data, words, and paper. But this explosion should not be taken for an increase in knowledge and wisdom, which cannot so easily by measured. What can be said truthfully is that some knowledge is increasing while other kinds of knowledge are being lost. David Ehrenfeld has pointed out that biology departments no longer hire faculty in such areas as systematics, taxonomy, or ornithology. In other words, important knowledge is being lost because of the recent overemphasis on molecular biology and genetic engineering, which are more lucrative, but not more important, areas of inquiry. We still lack the the science of land health that Aldo Leopold called for half a century ago.

    It is not just knowledge in certain areas that we?re losing, but vernacular knowledge as well, by which I mean the knowledge that people have of their places. In the words of Barry Lopez:

    ?[I am] forced to the realization that something strange, if not dangerous, is afoot. Year by year the number of people with firsthand experience in the land dwindles. Rural populations continue to shift to the cities?. In the wake of this loss of personal and local knowledge, the knowledge from which a real geography is derived, the knowledge on which a country must ultimately stand, has come something hard to define but I think sinister and unsettling.?

    In the confusion of data with knowledge is a deeper mistake that learning will make us better people. But learning, as Loren Eiseley once said, is endless and ?In itself it will never make us ethical [people].? Ultimately, it may be the knowledge of the good that is most threatened by all of our other advances. All things considered, it is possible that we are becoming more ignorant of the things we must know to live well and sustainably on the Earth.

    A fourth myth of higher education is that we can adequately restore that which we have dismantled. In the modern curriculum we have fragmented the world into bits and pieces called disciplines and subdisciplines. As a result, after 12 or 16 or 20 years of education, most students graduate without any broad integrated sense of the unity of things. The consequences for their personhood and for the planet are large. For example, we routinely produce economists who lack the most rudimentary knowledge of ecology. This explains why our national accounting systems do not subtract the costs of biotic impoverishment, soil erosion, poisons in the air or water, and resource depletion from gross national product. We add the price of the sale of a bushel of wheat to GNP while forgetting to subtract the three bushels of topsoil lost in its production. As a result of incomplete education, we?ve fooled ourselves into thinking that we are much richer than we are.

    Fifth, there is a myth that the purpose of education is that of giving you the means for upward mobility and success. Thomas Merton once identified this as the ?mass production of people literally unfit for anything except to take part in an elaborate and completely artificial charade.? When asked to write about his own success, Merton responded by saying that ?if it so happened that I had once written a best seller, this was a pure accident, due to inattention and naivet?, and I would take very good care never to do the same again.? His advice to students was to ?be anything you like, be madmen, drunks, and bastards of every shape and form, but at all costs avoid one thing: success.?

    The plain fact is that the planet does not need more ?successful? people. But it does desperately need more peacemakers, healers, restorers, storytellers, and lovers of every shape and form. It needs people who live well in their places. It needs people of moral courage willing to join the fight to make the world habitable and humane. And these needs have little to do with success as our culture has defined it.

    Finally, there is a myth that our culture represents the pinnacle of human achievement: we alone are modern, technological, and developed. This, of course, represents cultural arrogance of the worst sort, and a gross misreading of history and anthropology. Recently this view has taken the form that we won the cold war and that the triumph of capitalism over communism is complete. Communism failed because it produced too little at too high a cost. But capitalism has also failed because it produces too much, shares too little, also at too high a cost to our children and grandchildren. Communism failed as an ascetic morality. Capitalism failed because it destroys morality altogether. This is not the happy world that any number of feckless advertisers and politicians describe. We have built a world of sybaritic wealth for a few and Calcuttan poverty for a growing underclass. At its worst it is a world of crack on the streets, insensate violence, anomie, and the most desperate kind of poverty. The fact is that we live in a disintegrating culture. In the words of Ron Miller, editor of Holistic Review:

    ?Our culture does not nourish that which is best or noblest in the human spirit. It does not cultivate vision, imagination, or aesthetic or spiritual sensitivity. It does not encourage gentleness, generosity, caring, or compassion. Increasingly in the late 20th Century, the economic-technocratic-statist worldview has become a monstrous destroyer of what is loving and life-affirming in the human soul.?

    WHAT EDUCATION MUST BE FOR

    Measured against the agenda of human survival, how might we rethink education? Let me suggest six principles.

    First, all education is environmental education. By what is included or excluded we teach students that they are part of or apart from the natural world. To teach economics, for example, without reference to the laws of thermodynamics or those of ecology is to teach a fundamentally important ecological lesson: that physics and ecology have nothing to do with the economy. That just happens to be dead wrong. The same is true throughout all of the curriculum.

    A second principle comes from the Greek concept of paideia. The goal of education is not mastery of subject matter, but of one?s person. Subject matter is simply the tool. Much as one would use a hammer and chisel to carve a block of marble, one uses ideas and knowledge to forge one?s own personhood. For the most part we labor under a confusion of ends and means, thinking that the goal of education is to stuff all kinds of facts, techniques, methods, and information into the student?s mind, regardless of how and with what effect it will be used. The Greeks knew better.

    Third, I would like to propose that knowledge carries with it the responsibility to see that it is well used in the world. The results of a great deal of contemporary research bear resemblance to those foreshadowed by Mary Shelley: monsters of technology and its byproducts for which no one takes responsibility or is even expected to take responsibility. Whose responsibility is Love Canal? Chernobyl? Ozone depletion? The Valdez oil spill? Each of these tragedies were possible because of knowledge created for which no one was ultimately responsible. This may finally come to be seen for what I think it is: a problem of scale. Knowledge of how to do vast and risky things has far outrun our ability to use it responsibly. Some of it cannot be used responsibly, which is to say safely and to consistently good purposes.

    Fourth, we cannot say that we know something until we understand the effects of this knowledge on real people and their communities. I grew up near Youngstown, Ohio, which was largely destroyed by corporate decisions to ?disinvest? in the economy of the region. In this case MBAs, educated in the tools of leveraged buyouts, tax breaks, and capital mobility have done what no invading army could do: they destroyed an American city with total impunity on behalf of something called the ?bottom line.? But the bottom line for society includes other costs, those of unemployment, crime, higher divorce rates, alcoholism, child abuse, lost savings, and wrecked lives. In this instance what was taught in the business schools and economics departments did not include the value of good communities or the human costs of a narrow destructive economic rationality that valued efficiency and economic abstractions above people and community.

    My fifth principle follows and is drawn from William Blake. It has to do with the importance of ?minute particulars? and the power of examples over words. Students hear about global responsibility while being educated in institutions that often invest their financial weight in the most irresponsible things. The lessons being taught are those of hypocrisy and ultimately despair. Students learn, without anyone ever saying it, that they are helpless to overcome the frightening gap between ideals and reality. What is desperately needed are faculty and administrators who provide role models of integrity, care, thoughtfulness, and institutions that are capable of embodying ideals wholly and completely in all of their operations.

    Finally, I would like to propose that the way learning occurs is as important as the content of particular courses. Process is important for learning. Courses taught as lecture courses tend to induce passivity. Indoor classes create the illusion that learning only occurs inside four walls isolated from what students call without apparent irony the ?real world.? Dissecting frogs in biology classes teaches lessons about nature that no one would verbally profess. Campus architecture is crystallized pedagogy that often reinforces passivity, monologue, domination, and artificiality. My point is simply that students are being taught in various and subtle ways beyond the content of courses.

    AN ASSIGNMENT FOR THE CAMPUS

    If education is to be measured against the standard of sustainability, what can be done? I would like to make four propsals. First, I would like to propose that you engage in a campus-wide dialogue about the way you conduct your business as educators. Does four years here make your graduates better planetary citizens or does it make them, in Wendell Berry?s words, ?itinerant professional vandals?? Does this college contribute to the development of a sustainable regional economy or, in the name of efficiency, to the processes of destruction?

    My second suggestion is to examine resource flows on this campus: food, energy, water, materials, and waste. Faculty and students should together study the wells, mines, farms, feedlots, and forests that supply the campus as well as the dumps where you send your waste. Collectively, begin a process of finding ways to shift the buying power of this institution to support better alternatives that do less environmental damage, lower carbon dioxide emissions, reduce use of toxic substances, promote energy efficiency and the use of solar energy, help to build a sustainable regional economy, cut long-term costs, and provide an example to other institutions. The results of these studies should be woven into the curriculum as interdisplinary courses, seminars, lectures, and research. No student should graduate without understanding how to analyze resource flows and without the opportunity to participate in the creation of real solutions to real problems.

    Third, reexamaine how your endowment works. Is it invested according to the Valdez principles? Is it invested in companies doing responsible things that the world needs? Can some part of it be invested locally to help leverage energy efficiency and the evolution of a sustainable economy throughout the region?

    Finally, I propose that you set a goal of ecological literacy for all of your students. No student should graduate from this or any other educational institution without a basic comprehension of:

    • the laws of thermodynamics
    • the basic principles of ecology
    • carrying capacity
    • energetics
    • least-cost, end-use analysis
    • how to live well in a place
    • limits of technology
    • appropriate scale
    • sustainable agriculture and forestry
    • steady-state economics
    • environmental ethics

    Do graduates of this college, in Aldo Leopold?s words, know that ?they are only cogs in an ecological mechanism such that, if they will work with that mechanism, their mental wealth and material wealth can expand indefinitely (and) if they refuse to work with it, it will ultimately grind them to dust.? Leopold asked: ?If education does not teach us these things, then what is education for??

    Related posts:

    1. The Business of Higher Education
    2. Academic Education ? A Waste of Space, Mind, Money and Time?

    Source: http://www.sociology.org/featured/six-myths-about-the-foundations-of-modern-education-and-six-new-principles-to-replace-them

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    Test Dropbox?s New Android App And Snag Some Extra Storage Space

    android_splashDropbox has no shortage of fans or users these days -- their stellar wins at the Crunchies are proof of that -- and now the cloud storage service is leaning on them to test an experimental new build of the Dropbox Android app. While the thrill of being on the bleeding edge is probably enough for some people to take the plunge, the real meat of the experimental build comes in the form of the new auto upload feature for photos and videos. It's pretty much exactly what the name implies: as soon as you snap a photo or take a video with your Android device, it automatically gets uploaded to your account. And in usual Dropbox fashion, it just works.

    Source: http://feedproxy.google.com/~r/Techcrunch/~3/oj_oAvd_E1Q/

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    Friday, 3 February 2012

    APNewsBreak: Dallas-Fort Worth emerge from drought (AP)

    HOUSTON ? The first major metropolitan area in Texas is apparently emerging from the state's historic drought.

    The U.S. Drought Monitor's weekly map posted Thursday classifies the Dallas-Fort Worth area as being not in drought for the first time since July. Texas has been in the grips of the most severe one-year drought in state history.

    While residents in those areas will likely no longer have any water restrictions, meteorologists and climatologists warn the situation remains precarious.

    More than half the state remains in severe or exceptional stages of drought, and a drier-than-normal spring or hotter-than-usual summer could quickly tip wetter areas back into drought.

    Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/ap/20120202/ap_on_re_us/us_texas_drought_signs_of_recovery

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    Thursday, 2 February 2012

    Video: Criticism of Romney?s ?poor people? gaffe continues

    Komen battles backlash after Parenthood move

    Billionaire New York City Mayor Michael Bloomberg pledged on Thursday to give $250,000 of his own money to the Planned Parenthood Federation of America after breast cancer charity Susan G. Komen for the Cure withdrew funding for the group.

    Source: http://www.msnbc.msn.com/id/3036697/vp/46243709#46243709

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