Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros
Saturday, February 8, 2014
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A great Greek American Story – Athanassios Karvelas
Athanassios Karvelas (1906-1990) was brought to the United States as a child from his native Greece. At the age of 26, after a variety of careers that ranged from a drummer in a Dixieland band to an auto test driver for Studebakers, Carvel was incorrectly diagnosed with fatal tuberculosis and fled to the country air of Westchester, New York. Borrowing $15 from his future wife Agnes, Tom began selling ice cream from his battered truck. Memorial Day weekend of 1934, Tom’s truck suffered a flat tire so he pulled his trailer into a parking lot next to a pottery store and began selling his melting ice cream to vacationers driving by. Within two days, Tom had sold his entire supply of ice cream, and realized that he could make a lot more money working from a fixed location. The generous potter allowed Tom to hook into his store’s electricity, and Tom opened for business. Two years later, Tom bought the pottery store, converted it into a roadside stand, and permanently established himself as the first retailer to develop and market soft ice cream.
With the coming of World War II, Carvel was sent to Fort Bragg, N.C., where he served as a refrigeration consultant and concessionaire. This experience allowed Carvel to improve his ice cream freezer and team it with a specially formulated liquid ice cream made with the freshest ingredients to create the high quality product we know today.
As Carvel began selling his patented machinery to other stores, he quickly realized that he could sell not only his machinery, but his expertise as well. For a flat fee and a percentage of the profits, Carvel began teaching independent storeowners the ropes and allowed them to market ice cream under the Carvel name. In 1947, Carvel cultivated this relatively unknown idea called franchising, and opened 25 stores by the early 1950′s.
Often referred to as the “father of franchising,” many of Carvel’s marketing concepts have been emulated not only in franchising, but in almost every industry. Perhaps he is most famous for his voice as heard in many unrehearsed television and radio spots. Advertising historians agree this voice, once described as a cross between the marble-mouthed gravel of Marlon Brando’s character in the Godfather and the lovable, cowardly lion in the Wizard of Oz, was key to both the growth of the company as well as the brand’s loyal following. The ads attained him regional celebrity status and his golfing buddies included Bob Hope, Perry Como and Jackie Gleason. Even with his celebrity status, Tom Carvel remained down-to-earth, personable and ultimately became one of our country’s most beloved icons, representing the all-American dream with the most all-American of foods.Images:
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The Biggest Threat To Markets That Is Most Likely To Happen Has Fallen Off The Radar
Richard McGuire, head of rates strategy at Rabobank, warns in a weekly note to clients that the groundwork is being laid in Europe for a crisis accelerant down the road.
The chart above maps risks to markets by impact and likelihood of occurrence.
The most likely threat, according to McGuire, is that Eurosceptic politicians dominate European Parliamentary elections in May, leading to increased tensions next time there is a crisis. He writes:
In terms of the risk we judge to be the most likely, at the top of this chart we have the threat of Eurosceptic parties enjoying a strong showing in the European Parliamentary elections on May 22. Certainly given their relatively positive performance in recent opinion polls, whether it be France’s Front National, Italy’s Five Star Movement, the Netherlands’ Freedom Party or Greece’s Syriza, this looks to be a significant risk. Note also that while there can sometimes be a notable divergence between voter intentions ahead of elections and how they actually vote in the election itself (as evidenced by the Freedom Party’s poor performance in the 2012 Dutch elections despite riding high in the opinion polls), this dichotomy is likely to much less marked here. Generally one might argue that voters respond to opinion polls with their hearts but vote with their heads when it comes to putting their cross on the ballot paper. However, given the supranational nature of the Euro-parliamentary elections, we suspect voters are less likely to be swayed by more prosaic local concerns and, hence, feel less constrained in casting a protest vote against the euro.
In terms of the impact of this risk coming to pass, one of the most immediate threats is that regarding the planned banking union — this, as should the current parliament fail to ratify these plans ahead of the election, the makeup of the one subsequent to the poll will make this ratification that much more of a cumbersome process. As such, the ECB could find itself taking the tiller of a boat that has not yet been fully built when it comes to assuming its role of single supervisor in November (this possibly most notably evidenced by the possible absence of a single resolution fund). On a broader (but related) level meanwhile, a Eurosceptic shift within the European Parliament would stand to raise questions as to how easy it might be for the core to develop additional crisis-combating mechanisms should these become necessary once again. That said, though, given systemic concerns within the Eurozone have now shifted to the very edge of the market’s radar (or perhaps rather now stand outside of it altogether), these concerns are possibly less of a trigger for resurgent tensions and rather an accelerant for such tensions should they resurface.
Friday, Germany's constitutional court refrained from issuing a ruling on the legality of the European Central Bank's Outright Monetary Transactions (OMT) program, which has been credited with restoring calm to eurozone financial markets since the summer of 2012.
Instead, the court said it would refer the case to the European Court of Justice, which as Rabobank's risk map shows is a welcoming development from a market perspective, because the ECJ is viewed as less likely to rule against OMT, given the fact that it is a European institution.
However, as Damian Chalmers, a European law professor at the London School of Economics, points out to Reuters, the German court has made clear that if the ECJ does not strike down OMT, it will.
The German court decision reminds that while the eurozone has benefitted as of late from an improving economic picture, there is still a lot of work to be done at the supranational level, which could be complicated by the rise of the Eurosceptics.
Germany has identified this as an existential threat headed into May's elections.
Last month, in an interview with the Greek newspaper Ta Nea, German foreign minister Frank-Walter Steinmeier said, "We must not avoid confrontation with populists, nationalists, with these brainless people who call themselves Eurosceptics."
"I am concerned about the situation in our union," Steinmeier told Ta Nea. "The economic crisis could activate centrifugal political forces that could prove dangerous to the European Union as a whole."
READ MORE ... Here's What Investors Think Is Behind The Stock Market Sell-Off This Year (And How Long It Will Last)
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From Messenia to Minnesota: Senator Sandy Pappas Talks to TNH
Minnesota Senate President Sandy Pappas has deep roots in that state. She was born in Hibbings, a small city in the Northeastern Minnesota, about 100 miles south of the Canadian border. Though relatively unknown throughout the United States, Hibbings is the birthplace of quite a few celebrities, including home run hero Roger Maris and basketball […]
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Avantis “Evia” 2012 – Intensely Floral
Produced in the protected geographical indication (PGI) “Evia,” this 100% Malagousia wine from the Avantis Estate, is an incredibly aromatic experience. Malagousia is a classic Greek varietal that is known among wine growers as a particularly tricky grape to cultivate and grown – a very high maintenance varietal. But, its rising popularity amongst wine drinkers […]
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