Gorillaz Continue To Build Anticipation With Ten-Page Story, “The Book Of Murdoc” [Watch]

first_imgIt seems that new music from the Gorillaz could arrive any day now. The band has been posting with intermittent bursts of social media activity, which started about a month ago when the band shared a timeline of their entire career. Then, the group started detailing the stories of its cartoon members in “The Book Of” updates, filling in the gaps of each character over the last few years.We first heard from “The Book Of Noodle” and “The Book Of Russel,” with each ten-page post detailing the characters and their stories. Today we get “The Book Of Murdoc,” chronicling the so-called King of the Gorillaz during the down years between Phase Three and Phase Four of the Gorillaz.Check out the new story below.last_img read more

Flags fly at half mast for Richard Ervin

first_imgFlags fly at half mast for Richard Ervin September 15, 2004 Jan Pudlow Associate Editor Regular News Flags fly at half mast for Richard Ervin Associate Editor Described as “Florida’s legal visionary” and “a genuine American hero”—ushering Florida through peaceful school desegregation as attorney general and serving as a Supreme Court justice courageously ahead of his time—Richard W. Ervin, Jr., died August 24.He was 99.Five years ago, Ervin still sat behind his desk at his brother’s law firm in downtown Tallahassee, coming to the office each morning to keep up with changing laws and contribute legal research to appellate briefs.Nearby, rested a five-volume set of his opinions that numbered more than 600, including 220 dissents—testament to 11 productive years on the bench from 1964 to 1975.During an interview with the Bar News in 1999, Ervin talked about a career trying to exercise his conscience within the bounds of the law.“I really believe, when you get down to it, that you try to do the right thing. Don’t cut any corners. Don’t be unethical. Be careful. And treat people right. I don’t care who they are, treat them right: high or low or black or white, treat them right. Be good to them. And that will usually help you in the long run,” he said.Chief Justice Barbara Pariente said this simple decency was the central thread running through his career as attorney general and justice.“Justice Ervin was Florida’s legal visionary,” Pariente said. “He leaves a legacy that is with us to this day and for all the future.”As Gov. LeRoy Collins once described Ervin: “He is a man with a deep sense of love for his fellow man, especially the one who, for whatever reason, has become a societal underdog. He is democratic to the core. Nothing in this man’s thinking or beliefs has even the slightest tinge of elitism.”That philosophy served Ervin well during the Civil Rights movement, when it fell to him to help carry out a peaceful desegregation of schools after the 1954 Brown v. Board of Education decision, managing to keep Florida’s schools open and avoiding the violence in other Southern states.Justice Harry Lee Anstead so admired Ervin that he asked him to swear him in as chief justice in a July 2002 ceremony.At 97, the most senior former Chief Justice Ervin was helped from a wheelchair to the podium, and stood steadily in his robes to administer the oath of office.First, Anstead prompted a standing ovation when he paused to recognize Ervin as “one of the greatest justices who ever served the state of Florida.”In characteristic self-effacing style, Ervin thanked Anstead for the kind words and said with a grin, “I wish I deserved it.”The day after Ervin’s death, Anstead said: “He was a harbinger of the Florida we see today, where diversity is much more often embraced than resisted. For him to do what he did when he did it was an act of courage and a demonstration of true leadership—the kind that sees what the future must be and helps reshape an antagonistic public opinion. He was a genuine American hero.”Ervin was born in Carrabelle on the Panhandle coast, the son of a farmer, country store proprietor, and roving high-school principal who taught him to love the written word by “feeding him Shakespeare,” to study hard, and to “Hit the road and make a dollar!” In a family of seven children, Ervin became the patriarch of the family after their father died.He began his career as a public servant at age 16, as an engrossing clerk in the Florida House of Representatives. After receiving his law degree from the University of Florida in 1928, he served as a lawyer in many capacities, including general counsel with the state road department and with the Florida Public Service Commission, helping create the Florida Highway Patrol and wayside parks in the ’40s.His brother, Bob Ervin, founding partner of Ervin, Varn, Jacobs, Odom and Ervin and former Florida Bar president, agreed to be his big brother’s campaign manager, in the race for attorney general, which he won in 1948.A deeply spiritual man, Justice Ervin said in 1999 that it was the Bible that helped guide him through many difficult cases, including his death penalty dissents.“Despite the terrible, horrible crimes that are committed resulting in homicide, it just seems to me that we’d be better off as a society not to have the death penalty,” he said.Ervin said he is against the death penalty, “unfortunatly.” Why?“Because it goes against the stream,” he answered. “You get a hard reaction from some people. Some people think the death penalty is a deterrent, a good thing, and if we didn’t have it, homicides would be greater. They feel like the only justice is an eye for an eye and a tooth for a tooth. Though the Bible says different on that. Christ said differently. It’s in the Scriptures: ‘Love your enemies.’”Justice Ervin added: “And I had the benefit of a great lawyer here in the state of Florida: Toby Simon. Toby used to argue death penalty cases before the court, and he brought statistics of how it was meted improperly on blacks and minorities and so forth.”In another dissent, vindication would come 26 years later for Ervin. In 1967, he was the lone dissenter in Bencomo v. Bencomo, in which the majority ruled that a woman who had been beaten by her husband during their marriage had no right to sue him. In 1993, the Florida Supreme Court agreed with Ervin and struck down the interspousal immunity from lawsuits.Ervin is survived by his wife of more than 70 years, Frances Baker Ervin, his son First District Court of Appeal Judge Richard W. Ervin III (and wife Carol Bowen Ervin), his daughter Sara Eve Ervin Ivory (and husband Dr. Peter Ivory), his brother former Bar President Robert M. Ervin, all of Tallahassee, his sister Ruth Davis of Marianna, and six grandchildren.After a funeral service August 28 at First Presbyterian Church in Tallahassee, Ervin was buried in a private family service at Culley MeadowWood Memorial Park.last_img read more

Debate over systemic risk of asset management intensifies

first_imgThe debate over whether the asset management industry poses systemic risk is heating up after US lawmakers dismissed a report from the Office for Financial Research (OFR).In September 2013, the research body released a report, Asset Management and Financial Stability, which highlighted four potential vulnerabilities to the US financial system.The OFR was created in the wake of the financial crises and serves part of the US Treasury, responsible for providing research for the Financial Stability Oversight Council (FSOC).Its report warned that managers ”herding” into asset classes, in search of yield, could push up prices and magnify volatility. It said investment vehicles with unrestricted redemption rights also posed a threat, as did managers selling other assets to cover redemptions, leading to stress contagion in those assets.It also highlighted what it considered to be excessive leverage in the industry.However, according to a letter seen by the Reuters news agency and sent to Jack Lew, secretary to the US Treasury, a bi-partisan group of five Senators has rejected the study.The letter said the study mischaracterised the industry and could damage the credibility of the OFR and FSOC.It also requested the FSOC not to base any policy or regulation on the contents of the study, which they said relied on faulty information in places.Concerns over the asset management industry and what security measures – such as financial buffers – would mean have also been debated in Europe.Earlier this month, the Financial Stability Board (FSB), the international body set up after the 2009 G20 summit to monitor global financial systems, said it would consult with the industry regarding systemic risk.Its consultation focused of identifying which organisations were sufficiently large, complex and systemically connected to cause disruption to the wider system.The FSB said it would not currently designate any specific entities in the category.But it added that, once its methodology of identifying them was complete, it would develop policy measures.Tom Brown, partner in KPMG’s investment management practice, said the FSB’s proposal was still a long way from policy.However, he pointed out that the FSB and the US Treasury’s papers currently differed on what the target of said policies might be.The FSB’s rationale is more towards looking at systemic risk at fund level, with the OFR’s paper more inclined towards asset managers.Brown said: “Focusing on the funds seems sensible, as there is a principal/agent relationship between the fund and the manager, so the real economic exposure is at the fund level.“It’s intellectually flawed focusing on the manager. If there is systemic risk, it lies with the fund.”He said potential outcomes could be limitations on counterparty risk, leverage and concentration, but he argued that this was still unclear and would depend on fund size.Sheila Nicoll, financial services senior adviser at Ernst & Young, said the debate concerning systemic risk in asset management would continue.“If they do decide fund management activity can have a systemic impact, the remedies will not be the same as those for banking – capital is not necessarily the answer,” she said.last_img read more

Di Canio: Strict rules for players

first_img Di Canio, who accepts he is viewed in some quarters as “the mad Italian”, said he is ready to give any lazy players a “kick up the bottom” and claimed the sceptics will soon be cheering his name to the Stadium of Light’s rafters. He also insisted he can weather the storm blown up by Labour MP David Miliband quitting as club vice-chairman over the 44-year-old’s past statements professing to be a “fascist but not a racist”. Press Association New Sunderland boss Paolo Di Canio has warned the players will have to fit in with his disciplined approach to training to avoid becoming “a team of anarchists”.center_img Sunderland are a point off the relegation zone and the new manager admitted his first training session came as a shock to some players, stressing the need for discipline. Di Canio, who previously achieved success as manager of Swindon, said: “You have to know how to manage your players. “It is obvious you have different egos in the Premier League, but you have to have strict rules, discipline, and work hard on the field during the week otherwise the product you deliver on Saturday is not good. “That won’t change. It’s not just Paolo Di Canio’s opinion, all managers around the world think the same. If everybody interprets the game wrong because they do not train properly during the week or because there is no discipline you have an anarchists’ team, and if there is anarchy maybe the players try to do the right thing but doesn’t work in the way it should. “Especially the new generation, not because they are bad guys but they are young and full of technology, they go round the town and if you don’t make them concentrate during training sessions you don’t help them to be focused. “I am not saying it happened here, I have to be clear. I don’t know what happened here but with the players we have got I can’t imagine how we are one point from relegation zone. Yesterday was the first training session and it was a shock for them. “But they showed fantastic commitment and we are going to change a bit our philosophy in the way we approach our training sessions, because if you do not prepare yourself the best in your training session you can’t do a good job in a Saturday or Sunday game. “We have a very good foundation with five or six players with fantastic talent and a group of young players who are full of enthusiasm to prove their quality. We can now light the fire and let them play together with energy and quality.” last_img read more