Tuesday, November 2, 2010

Members of corporate boards and audit committees, in-house lawyers and ethics officers are all still nervously awaiting the impact of one key component of the Dodd-Frank law that passed in July. The provision concerns one key, frightening word: “whistleblower.” Dodd-Frank provides significant financial incentives for employees to tell regulators about securities fraud and other wrongdoing. The “bounty” provision “runs in direct opposition” to internal fraud-detection efforts put in place or beefed up under the Sarbanes-Oxley law that passed after a wave of accounting scandals, says Richard Crist, chief ethics and compliance officer at Allstate Insurance Co. In the past, companies typically attempted to address certain fraud allegations internally by setting up confidential hotlines through which employees report alleged ethical misdeeds and illegal behavior. But the Dodd-Frank provision offers a financial incentive to ignore a company’s own process and run straight to the government, management lawyers say. Corporate whistleblowers who take original evidence of financial fraud under the Dodd-Frank law directly to the Securities & Exchange Commission and Commodity Futures Trading Commission stand to get between 10% and 30% of a penalty that is over $1 million.
http://blogs.wsj.com/law/2010/11/01/the-latest-headache-for-companies-that-every-employee-has-a-whistle/?mod=djemlawblog_h

The summer days are past and gone, all the birds flown, a misty light is over hill and dale,
But where the boughs are thinned comes a soft wind and all at once the autumn fleet sets sail!
Each leaf a ship, where they ride the blue air, the sea-blue air they travel on.
We watch their slow drift along the wind's lift, oh proud, the autumn fleet sets sail! Nancy Byrd Turner

Nancy Byrd Turner was born in 1880 in Boydton, Virgina. She had published a number of poems, novels, and song lyrics for children during her lifetime. She also served on the editorial staff of Youth Companion, Atlantic Monthly, and The Independent Magazine. In 1930 she received The Golden Rose, the highest award of the New England Poetry Society. See her biography and poetry at: http://oldpoetry.com/oauthor/show/Nancy_Byrd_Turner

Conceptual art is art in which the concept(s) or idea(s) involved in the work take precedence over traditional aesthetic and material concerns. Many of the works, sometimes called installations, of the artist Sol LeWitt may be constructed by anyone simply by following a set of written instructions. This method was fundamental to LeWitt's definition of Conceptual art, one of the first to appear in print: In conceptual art the idea or concept is the most important aspect of the work. When an artist uses a conceptual form of art, it means that all of the planning and decisions are made beforehand and the execution is a perfunctory affair. The idea becomes a machine that makes the art. http://en.wikipedia.org/wiki/Conceptual_art

Concept art includes all pre-production artwork created before actual animation begins. http://www.rainbo.net/animation-art.htm

The Philadelphia Wireman sculptures were found abandoned in an alley off Philadelphia’s South Street on trash night in 1982. Their discovery in a rapidly-changing neighborhood undergoing extensive renovation, compounded with the failure of all attempts to locate the artist, suggests that the works may have been discarded after the maker’s death. The entire collection totals approximately 1200 pieces and a few small, abstract marker drawings. http://www.fleisher-ollmangallery.com/artists.php?id=5&page=2 http://folkartcooperstown.blogspot.com/2010/01/philadelphia-wireman.html

See picture of a lock-stitch machine, one of the first built by Isaac Merritt Singer (1811-1875) in accordance with his patent of 1851. It was originally called the 'Jenny Lind' after the famous Swedish singer. The shuttle is propelled by a driver moved by a crank pin below the work table, and the needle motion, obtained from a crank pin on the upper shaft, is straight and vertical. The machine was packed in a box, which doubled up as a stand and contained a treadle connected to the handle on the balance wheel by a pitman or connecting rod. The treadle was pivoted near the centre and was worked with a heel-and-toe action. Singer did not realise that he could have patented the treadle, but when this was pointed out to him it was too late, for it was then already in public use.
http://www.ssplprints.com/image.php?id=83240

Q: Why doesn't the interstate system have an I-50? A: The interstate numbering plan was based on numbered U.S. highways, but in mirror image. For example, U.S. 1 is on the East Coast, while I-5 is on the West Coast; U.S. 10 is in the north, while I-10 is in the south. In both plans, numbers ending in zero are used for transcontinental and other major multi-state routes. However, one of the rules for interstate numbering is that numbers are not duplicated in the same state. Duplicate numbers would be confusing. For example, if told to take "Route 50," the motorist might follow the wrong one. Because the interstate numbering plan is a mirror image of the U.S. numbered highway plan, I-50 would be in some of the same states as U.S. 50 (Ocean City, Md., to Sacramento, Calif.). So, "50" has not been used for an interstate route. -- Federal Highway Administration.
Q: Who was Maudine Ormsby? A: She was Ohio State University's homecoming queen in 1926, nominated by agriculture students. She was also a Holstein cow. Maudine was chosen after disqualification of the other candidates due to voting improprieties. She was part of the homecoming parade, but, alas, she was left in the barn during the dance. -- The Ohio State University Libraries. http://www.thecourier.com/Opinion/columns/2010/Nov/JU/ar_JU_110110.asp?d=110110,2010,Nov,01&c=c_13

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