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Why I think aviation OEM stocks are looking cheap

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. center_img Tej Kohli | Tuesday, 31st March, 2020 | More on: RR BA Tej Kohli owns shares in The Boeing Company. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. On 19 March 2020, shares in The Boeing Company (NYSE: BA) hit $98. Only six months earlier they had been trading at a 52-week high of $388. At the time of writing, the Rolls Royce (LSE: RR) share price has also hit a 52-week low of £321, down from its high of £937.  But have short sellers ‘over shot’ the runway and left these original equipment manufacturers under-priced, or is this short selling an accurate reflection of the new reality for aviation original equipment manufacturer (OEM) stocks?The world is now in a Covid-19 lockdown that has airlines grounding planes and seeking taxpayer bailouts. easyJet has grounded all of its aircraft until June at the earliest, and its major shareholder is advocating the cancellation of a £4.5bn order for 107 aircraft. easyJet is trading at one-third of its 52-week high. Shares in IAG have fallen to £2 from a 52-week high of £6.57 in January. And shares in AerCap Holdings, the world’s largest aircraft leasing company (which leases over 1,000 aircraft to 200 airline customers in 80 countries), hit an all-time low of $15 on 18 March, down from a 52-week high of $64.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Are aviation stocks good value now?Whilst all of these stocks now look like very good value, my view is that airlines and aircraft leasing companies face a future turmoil that makes them very risky buys. But I believe the short-term turmoil that OEMs will face will be short lived. So I have been incrementally taking a long position in The Boeing Company since its mid-March low. So why my optimism about OEMs? Firstly, because the worldwide macro trend is toward more air travel. Projections for commercial air travel remain optimistic across all regions of the world. The global aircraft fleet is expected to grow from 27,492 in 2019 to 39,175 by 2029, an increase of more than 11,600 thanks to burgeoning demand from high-growth populations in Asia, in particular from the new middle class in India and China. The bulk of this fleet expansion will be narrow body jets produced by the Boeing and AirBus duopoly.The Boeing Company is a long-term play, because whilst the company has an order backlog of 4,300 planes, it also has plenty of unresolved headwinds. Its 737 MAX narrow body jet, which was supposed to be Boeing’s cash cow, has been grounded since March 2019 following two fatal crashes. Even before the Covid-19 crisis took hold, Boeing reported negative net orders in February 2020 after 46 cancellations. And airline customers such as Southwest Airlines, which has 310 narrow body planes on order, have said that they might slow or defer some orders in the wake of Covid-19. Others may also do the same.Plane spottingBut in my view, even in the wake of Covid-19, long-term travel demand is not going to cease. The long-term growth trends will continue unabated. The airlines may change. We may see aviation stocks collapse and bailouts. We might even see new airlines. But the OEM duopoly of Airbus and Boeing should persist, especially if Boeing is able to get its 737 MAX back into the skies.At its 52-week high, The Boeing Company might have looked like a poor investment. At its current price I believe it is a good value buy to hold for the long term. The same can be said about Rolls Royce. The company has been posting losses since 2018 after design glitches in its Trent 1000 engine meant that it had to put £2.4bn aside for repairs.  Yet much like Boeing, Rolls Royce occupies an entrenched position in the market.It has endured a restructuring and has reduced its average loss on engine sales. What’s more, it has reduced its overall losses from £2.9bn in 2018 to £850m in 2019. It has an order back log of over 2,000 engines.  And even if orders slow in the near term due to Covid-19, there will be a day when Rolls Royce is past its Trent 1000 problems and exploiting its privileged position to provide engines for the 11,600 commercial aircraft that will enter service during the next decade.Rolls Royce used to regularly post profits of £3bn to £5bn.  It should get there again.  And at its current price, Roll Royce looks like good value to buy and then hold until it does.   Why I think aviation OEM stocks are looking cheap I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Tej Kohlilast_img read more

For me, 2020 was a huge market bubble. But will 2021 be a crash year?

first_img Looking back over 2020 with only three days remaining, what a stressful year it’s been. Stock markets rose steadily until February, when fears of the Covid-19 pandemic smashed share prices. By 23 March, the FTSE 100 index had collapsed below 5,000, down 2,550 points — around a third (33.8%) — in three months. In the US, the S&P 500 crashed almost 1,000 points (30.7%), also bottoming out on 23 March. However, the US market has since rebounded to all-time highs. To me, this suggests that we are in the fourth market bubble of my lifetime.Bubbles cause crashesHaving been an investor during the 1987, 2000-03 and 2007-09 stock-market crashes, I’ve learnt painful lessons from these three meltdowns. As a result, I don’t buy assets at sky-high prices, because I know this will reduce my future returns. Likewise, I steer clear of frothy markets during their periodic bubbles. How do I identify a bubble? It’s hard to say, but I know one when I see one! Here are three market bubbles that I see as having inflated to dangerous levels in 2020.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…My three bubble marketsThe price of Bitcoin has soared this year, rising by $20,000 from around $7,200 to all-time highs over $28,200 yesterday. Why is Bitcoin up 280% in 2020? There is no way of knowing and no fundamentals to review. All that has driven the Bitcoin price higher since March has been buying pressure and momentum. For me, that’s good enough to declare Bitcoin as my first market bubble. In 2021, I expect Bitcoin to perform as it did in 2018 — by crashing hard when financial gravity finally overcomes speculative excess.I call US tech stocks as my second market bubble. The NASDAQ Composite tech index has soared by three-sevenths (42.7%) this year, setting record highs in late 2020. For me, the NASDAQ in 2020 has echoes of its performance in 1999/2000. Twenty years ago, the tech index peaked above 5,000 points on 14 March 2000 (coincidentally, my 32nd birthday). By winter 2002, it had lost four-fifths (80%) of its peak value. Today, the tech index is dominated by the ‘Big Five’ mega-tech firms, all huge and profitable. But the NASDAQ trades on a price-to-earnings ratio of 39 and an earnings yield below 2.6%. For me, this indicates that US tech stocks are looking bubbly.My third bubble is in market listings — IPOs (initial public offerings) and SPACs (special purpose acquisition vehicles). Again, the first-day performances of over-hyped IPO stocks and SPAC shares have scared me this year. Indeed, the opening ‘pops’ (price spikes) in companies such as cloud-software provider Snowflake and delivery firm DoorDash are only beaten by the 2000 vintage of IPOs. And we all know what happened to those bubble stocks over the next couple of years, don’t we?The FTSE 100 is no bubbleWhile I see multiple bubbles in the US, partly driven by the ‘Robinhood herd’ of younger investors, I see great value in UK-listed stocks. The FTSE 100 currently hovers around 6,500 points. The Footsie first passed that level in 1999, and is also over 1,400 points — more than a sixth (17.7%) — below the record high reached in May 2018. What’s more, the price-to-earnings ratios, earnings yields and dividend yields of many individual FTSE 100 businesses are extremely attractive today. That why, in 2021, I will move some of my family wealth out of over-priced US stocks and into cheaper FTSE 100 value shares. I believe this will surely produce better returns over the next 10 years, helping me to retire rich! Cliff D’Arcy | Monday, 28th December, 2020 For me, 2020 was a huge market bubble. But will 2021 be a crash year? Enter Your Email Address Simply click below to discover how you can take advantage of this. Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Image source: Getty Images. Our 6 ‘Best Buys Now’ Sharescenter_img The high-calibre small-cap stock flying under the City’s radar Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Cliffdarcy has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Snowflake Inc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Cliff D’Arcy I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge!last_img read more

La comunidad religiosa de Charlottesville mira al futuro luego de…

first_img Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Charlottesville, Rector and Chaplain Eugene, OR Por David PaulsenPosted Aug 16, 2017 Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector Albany, NY Advocacy Peace & Justice, Rector Belleville, IL Rector Hopkinsville, KY Featured Events Rector Collierville, TN AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Submit an Event Listing Rector Shreveport, LA Course Director Jerusalem, Israel Submit a Press Release This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Director of Music Morristown, NJ Rector Knoxville, TN Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Curate (Associate & Priest-in-Charge) Traverse City, MI Associate Rector Columbus, GA Canon for Family Ministry Jackson, MS Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Curate Diocese of Nebraska Press Release Service Assistant/Associate Priest Scottsdale, AZ Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Submit a Job Listing The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Bath, NC Racial Justice & Reconciliation center_img Rector (FT or PT) Indian River, MI Rector Smithfield, NC Assistant/Associate Rector Morristown, NJ Clérigos episcopales protestan pacíficamente en oraciónBailey, el vicario de la iglesia de La Trinidad, resaltó que los residentes de Charlottesville escogieron diferentes modos de mostrar su oposición a los supremacistas blancos que vinieron a la ciudad. Algunos prefirieron ignorar del todo la manifestación racista, para no legitimar a los supremacistas. Otros, como los miembros del clero episcopal, sintieron que era importante presentar puntos de vista alternativos pacífica y públicamente.Y algunos contramanifestantes decidieron ser más agresivos.Para los episcopales que se unieron con el Colectivo de Clérigos de Charlottesville en la contraprotesta, “nuestro papel era mostrar que hay una manera no violenta de oponerse a las ideas de la llamada derecha alternativa… una manera de hacerlo con integridad, sin violencia”.Al preguntarle acerca del subgrupo de contramanifestantes que decidió llevar armas de fuego, garrotes y atomizadores de productos químicos, Bailey contestó: “Creo que cuando te apareces con un arma, es muy difícil no usarla cuando te ves amenazado o cuando la situación se agrava”.Bailey cree que las tensiones disminuirán con la remoción de la estatua de Lee. El Concejo Municipal aprobó en febrero la remoción, pero esa decisión se ha suspendido en tanto los que se oponen han presentado una demanda legal para revertirla.“Sería una válvula de escape”, dijo Bailey, si bien reconocía que es imposible afirmar si los grupos supremacistas le prestarían mayor o menor atención a Charlottesville si llegaran a quitar la estatua.Para muchos en la ciudad la vida sigue adelante —posiblemente con un mayor sentido de propósito.La familia de Heyer y otras personas que la conocieron la describieron en el servicio conmemorativo del 16 de agosto como alguien con una pasión por combatir la injusticia, pasión que esperaban que la comunidad seguiría propugnando.“Hagan que la muerte de mi hija valga la pena” dijo la madre de Heyer en el servicio conmemorativo. “Preferiría tener a mi hija, pero, cielos, si he tenido que renunciar a ella, hagamos que eso tenga un valor”.Los acontecimientos del fin de semana han influido y, de alguna manera, han robustecido los actuales empeños de mejorar la comunidad local, dijo María Niechwiadowicz, administradora parroquial en La Trinidad que dirige el programa comunitario nutricional de la iglesia Pan y Rosas [Bread and Roses].Todas las injusticias sociales que Charlottesville enfrentaba antes del fin de semana siguen estando presentes —inseguridad alimentaria, falta de vivienda accesible, desigualdad racial— pero “ahora mismo hay un ímpetu en la comunidad”, dijo Niechwiadowicz.Ella no estaba en las primeras filas de la contraprotesta, desempeñando más bien un papel de apoyo en la iglesia y en el servicio conmemorativo por Heyer. Luego de varios días intensos, algunos vecinos de la ciudad socialmente activos están “a punto de fundirse”, pero es importante regresar a la labor de mejorar Charlottesville para todos, afirmó ella.El huerto de la iglesia tendrá su reunión de trabajo del jueves, como lo hace cada semana, explicó.  La muestra de la cocina móvil de Pan y Rosas continuará como está programada este fin de semana en el mercado campesino de la ciudad.Niechwiadowicz y otros miembros también asistieron a la mesa redonda de la Red de Justicia Alimentaria el 15 de agosto, tal como estaba programada. Los organizadores dijeron que cancelarla sería transmitir un mensaje erróneo, que es momento de mantenerse activos.Thomas y otros miembros del clero decidieron no entrar en el servicio conmemorativo por Heyer y permanecer fuera del teatro y llenar ese espacio con oración. También planean una vigilia con velas y oficios de oración adicionales, pero también necesitan equilibrar su activismo público con la ministración a sus congregaciones.“La obra de la Iglesia tiene que continuar, porque ese es nuestro trabajo, ser sacerdotes y pastores de nuestro pueblo”, dijo Thomas. Las clases de escuela dominical se reanudarán pronto, explicó. La congregación de San Pablo también está estrechamente vinculada a la comunidad estudiantil de la Universidad de Virginia, cuyo campus se domina desde la iglesia, y el semestre de otoño está a punto de comenzar.“En algún momento vamos a necesitar dar un paso atrás y ocuparnos los unos de los otros”, dijo Thomas, antes de decidir lo que la comunidad religiosa hará después en respuesta a la amenaza de un regreso de grupos racistas.– David Paulsen es redactor y reportero de Episcopal News Service. Pueden dirigirse a él en [email protected] Traducción de Vicente Echerri. New Berrigan Book With Episcopal Roots Cascade Books Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 La comunidad religiosa de Charlottesville mira al futuro luego de unirse contra la marcha de los supremacistas blancos Bishop Diocesan Springfield, IL Priest Associate or Director of Adult Ministries Greenville, SC Family Ministry Coordinator Baton Rouge, LA TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Director of Administration & Finance Atlanta, GA Rector/Priest in Charge (PT) Lisbon, ME Associate Priest for Pastoral Care New York, NY Assistant/Associate Rector Washington, DC Dolientes y clérigos, entre ellos la Rda. Elaine Thomas, la segunda de derecha a izquierda, oran fuera del servicio en memoria de Heather Heyer el 16 de agosto de 2017 en Charlottesville, Virginia. Foto de Evan Vucci/AP.[Episcopal News Service] Clérigos episcopales y otros líderes religiosos de Charlottesville, Virginia,  se unieron a centenares de personas que asistían al servicio conmemorativo de una mujer que resultó muerta en medio de los violentos enfrentamientos del pasado fin de semana entre supremacistas blancos y contramanifestantes, en tanto la comunidad interreligiosa de la ciudad hace balance y comienza a mirar al futuro.“Mataron a mi hija para intentar silenciarla”, dijo Susan Bro, la madre de Heather Heyer, en el servicio conmemorativo que se tuvo lugar en el teatro Paramount de Charlottesville. “¿Bien, saben qué? Sólo consiguieron magnificarla”.Heyer, de 32 años, formaba parte de un grupo de contramanifestantes que fue arrollado por un auto el 12 de agosto, acción que la mató a ella e hirió a otras 19 personas. Un simpatizante del nazismo de 20 años de edad y procedente de Ohio ha sido acusado de su asesinato.La Rda. Elaine Thomas, rectora asociada de la iglesia de San Pablo [St. Paul’s Memorial Church], se encontraba entre los clérigos episcopales que concurrieron al servicio conmemorativo de Heyer, parte de un grupo mayor de clérigos de diferentes confesiones que se reunieron más temprano esa misma mañana para su primera reunión semanal desde los tumultuosos eventos del fin de semana. Miembros del grupo, que se conoce como el Colectivo de Clérigos de Charlottesville, se dispusieron a permanecer de pie fuera del teatro como una barrera pacífica y protectora de ser necesario. “Queremos cerciorarnos de que estamos allí en devota presencia”, dijo Thomas —pero no se reportó que hubiera habido ninguna interrupción de importancia en el servicio.El colectivo comenzó a reunirse aproximadamente cada miércoles este verano para coordinar su respuesta mientras Charlottesville le hacía frente a cientos de neonazis, miembros del Ku Klux Klan y otros supremacistas blancos que acudían a la ciudad para lo que se anunciaba como una concentración para “unir la derecha”. La ciudad se convirtió en un imán para los líderes del autodenominado movimiento “derecha alternativa” [alt-right] después de que el Concejo Municipal aprobara retirar la estatua de Robert E. Lee, quien fuera el general de los ejércitos confederados durante la guerra de Secesión, una decisión que está ahora mismo en litigio en los tribunales.Sin embargo, la concentración del 12 de agosto fue cancelada antes de comenzar. El municipio la consideró una reunión ilícita luego de que supremacistas blancos blandiendo garrotes y portando armas de fuego comenzaran a chocar con contramanifestantes, algunos de los cuales también portaban armas. Heyer,  una auxiliar jurídica, resultó muerta un rato después esa misma tarde.Varias docenas de clérigos participan regularmente en las reuniones del Colectivo de Clérigos de Charlottesville, y Thomas dijo que gran parte de la reunión del desayuno del miércoles se dedicó a discutir los eventos del fin de semana y a prepararse para el servicio conmemorativo de Heyer.Charlottesville se ha convertido en un foco del debate nacional sobre la remoción de estatuas y tarjas conmemorativas de la Confederación, dijo el Rdo. Cass Bailey, vicario de la iglesia episcopal de La Trinidad [Trinity Episcopal Church] en Charlottesville, pero la misión del colectivo sigue centrada en las actividades comunitarias locales.“El criterio básico ha sido en cierta medida cómo definir la narrativa por nosotros mismos, en el sentido de en qué consiste Charlottesville”, dijo Bailey, “como alternativa a dejar que otros, que en su mayor parte son forasteros, vinieran a Charlottesville y la definieran”.Bailey estaba de viaje el 16 de agosto y no pudo asistir a la reunión del colectivo ni al servicio conmemorativo, pero él fue parte del grupo de clérigos que se plantó en solidaridad contra el odio racial en las contraprotestas del 12 de agosto. Obispos de la Diócesis Episcopal de Virginia y clérigos episcopales provenientes de todo el país  también se unieron de brazos en las calles de Charlottesville.Para Bailey, la importancia de participar en tal evento está escrito en la misión de su iglesia, una congregación tradicionalmente negra que se describe actualmente a sí misma como “una comunidad deliberadamente multirracial de reconciliación, transformación y amor”.“Tomamos muy seriamente nuestra declaración de objetivos y la entendemos como nuestra obra en Charlottesville,” afirmó Bailey. “Y los acontecimientos del 12 de agosto nos muestran en alguna medida que nuestra labor no esta hecha y que queda mucho por lograr. Y tenemos un papel que desempeñar como pueblo de Dios al decir que hay una reconciliación que debe ocurrir y que debe ocurrir con el poder de Dios”.Charlottesville no está sola en esa tarea. La remoción de las estatuas y monumentos confederados ha inflamado las tensiones en otras ciudades, entre ellas Nueva Orleáns, Luisiana y San Luis, Misurí. Los empeños para promover la reconciliación racial enfrenta la resistencia de los que lo ven como un ataque a la cultura y la historia locales.Cuando Baltimore, Maryland, removió las estatuas de Robert E. Lee y Stonewall Jackson de la noche a la mañana el 15 de agosto, lo hizo sin fanfarria y al amparo de la oscuridad  en interés de la seguridad pública luego de los disturbios de Charlottesville.Y en la ciudad de Nueva York, el 16 de agosto, el obispo Lawrence Provenzano de la Diócesis Episcopal de Long Island hizo quitar dos tarjas que honraban a Lee en una iglesia episcopal donde el general confederado asistiera en un tiempo cuando estaba destacado en la vecina base militar de Fort Hamilton. La base del Ejército suscitó recientemente apoyo y críticas por su decisión de no rebautizar dos calles que llevan los nombres de Lee y Jackson.La Convención General de la Iglesia Episcopal también ha intervenido en el debate, al aprobar una resolución en 2015 en la que condenaba la bandera de batalla de la Confederación como “contraria al testimonio fiel del amor reconciliador de Jesucristo”. Associate Rector for Family Ministries Anchorage, AK Rector Tampa, FL Missioner for Disaster Resilience Sacramento, CA Priest-in-Charge Lebanon, OH Tags Cathedral Dean Boise, ID Rector Pittsburgh, PA Rector Martinsville, VA Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Washington, DC The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Youth Minister Lorton, VA Featured Jobs & Callslast_img read more

House 0405 / Simpraxis Architects

first_img Year:  Area:  1 m² Year Completion year of this architecture project Architects: Simpraxis Architects Area Area of this architecture project Manufacturers Brands with products used in this architecture project “COPY” House 0405 / Simpraxis ArchitectsSave this projectSaveHouse 0405 / Simpraxis Architects “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/290274/house-0405-simpraxis-architects Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/290274/house-0405-simpraxis-architects Clipboard CopyAbout this officeSimpraxis ArchitectsOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesPaphosDabasWoodHouses3D ModelingCyprusPublished on November 09, 2012Cite: “House 0405 / Simpraxis Architects” 09 Nov 2012. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogLouvers / ShuttersTechnowoodSunshade SystemsRailing / BalustradesMitrexIntegrated Photovoltaic Railing – BIPV RailingMetal PanelsAurubisCopper Alloy: Nordic BrassWindowsVitrocsaMinimalist Window – GuillotineGlassLAMILUXGlass Roof PR60 PassivhausSinksBradley Corporation USASinks – Verge LVG-SeriesSealantsSikaConstruction Solutions in Stavros FoundationShower TraysAcquabellaShower Tray – Focus BetonPatios / TerracesFranken-SchotterPatios and TerracesCeramicsTerrealTerracotta cladding in Le TrèfleSkylightsFAKROWooden pivot roof windows FYP-V proSkySynthetics / AsphaltFirestone Building ProductsRoofing System – RubberGard EPDMMore products »Save想阅读文章的中文版本吗?0405住宅 / Simpraxis Architects是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream ArchDailycenter_img Projects Houses Manufacturers: Parklex International S.L. Products translation missing: en-US.post.svg.material_description CopyHouses•Paphos, Cyprus Products used in this ProjectWoodParklex International S.L.Wood cladding – Facade+ 42Save this picture!Courtesy of Simpraxis ArchitectsText description provided by the architects. The house was designed for a young couple with two young girls on a site located in the suburbs of Nicosia. The hot and arid climate together with the strong winds of the largely unprotected surrounding landscape became critical elements in the morphology of the project. The building tries to exclude the late western sun and the particularly strong west winds in the region but opens up to the south with the cantilevered roof preventing the summer sun but allowing the warm winter sun to heat the space. Clearstory windows enhance its passive cooling and heating capabilities on the ground floor. Save this picture!Courtesy of Simpraxis ArchitectsThe ability to sustain a comfortable environment and maintain the visual and physical connection with the vast landscape is enhanced by a system of glass sliding doors together with a series of custom-made folded and perforated metal panels. These when closed offer privacy and safety during the day but still allow for views to the south.  Their perforations together with the glass sliding doors pushed aside allow for effecting cross-ventilation eliminating the need for mechanical cooling. Save this picture!Courtesy of Simpraxis ArchitectsThe upper floor, which includes the bedrooms and bath areas, shelters from the strong winds and  shades the outdoor courtyard from the western sun after midday. The upper floor box is wrapped in vertical planks of  wooden HPL. These allow for cross ventilation and exclude direct sunlight. The bedrooms and circulation spaces on the upper floor are separated by multiple folding doors so they can operate independently orbe integrated into a single space. East facing windows on the upper floor facilitate the heating of the upper floor spaces during the winter months. Closing the folding doors that separate the bedrooms from the corridor, an intermediate ventilated space is crated that helps to regulate temperatures during the summer months. Save this picture!Courtesy of Simpraxis ArchitectsOn the ground floor the different uses maintain their functional autonomy but at the same time allow the occupants to experience the whole of the space. The family room is separated by the kitchen in the east with cabinetry that allows access from either side, thus separating the food preparation area but not isolating it from the commons spaces. On the west there is an office/guestroom space that can offer privacy or be integrated with the rest of the ground floor when the exterior large sliding doors are open.Save this picture!Courtesy of Simpraxis ArchitectsProject gallerySee allShow lessYading Cliff Building Competition Entry / ELEVArticlesZ House / nred arquitectosSelected Projects Share Save this picture!Courtesy of Simpraxis Architects+ 42 Share House 0405 / Simpraxis Architects 2010 Cypruslast_img read more

Pegasus House / Dalman Architects

first_img Photographs ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/952005/pegasus-house-dalman-architects Clipboard Pegasus House / Dalman Architects New Zealand Photographs:  Stephen Goodenough Manufacturers Brands with products used in this architecture project Year:  ArchDaily “COPY” Pegasus House / Dalman ArchitectsSave this projectSavePegasus House / Dalman Architects “COPY” Architects: Dalman Architects Area Area of this architecture projectcenter_img Area:  245 m² Year Completion year of this architecture project Projects 2020 Save this picture!© Stephen Goodenough+ 21Curated by Paula Pintos Share Manufacturers: GRAPHISOFT, Central Heating, Dezignatek Joinery, Herman Pacific Cladding, Lighthouse lighting, Nalco Windows, Velux Windows, Viking Roof SpecTeam:Mario Luz, Ben WalsheEngineering:Engco Consulting EngineersBuilder:Nick Griffin Builder LtdLandscape:Riverside HorticultureCity:PegasusCountry:New ZealandMore SpecsLess SpecsSave this picture!© Stephen GoodenoughRecommended ProductsEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEAEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsFiber Cements / CementsRieder GroupFacade Panels – concrete skinFiber Cements / CementsDuctal®Ductal® Cladding Panels (EU)Text description provided by the architects. A holiday house for a client that enjoys playing golf and to be away from his busy life in Singapore. The house is located on the west side of the Pegasus town where the lots blend in with the golf course. It faces the North with views over the tee, the lake and the Canterbury foothills beyond. The dwelling was located on the center of the lot to allow free space around it and maximize distance from the road, giving it scale to breath and assume a central position overlooking the surroundings. This house explores the concept of negative / positive spaces.Save this picture!© Stephen GoodenoughSave this picture!PlanSave this picture!© Stephen GoodenoughThe negative space being the living areas, a central void created by the four elements that organize it. Inside these elements, the positive spaces, they serve the house with the different functions: the main sleeping and guest areas, the garage and the kitchen/services. At the top sits the fifth element, a large flat roof that covers the main space and forms the covered exterior spaces, a unifying element. Each one of the elements has a well-defined materiality that expresses its character and helps reinforce the idea of an assembly of functions. The timber and the concrete materials run to the inside to have a dual use, both cladding and lining, making the interior feels like the exterior and vice versa.Save this picture!© Stephen GoodenoughBy contrast the boxes have smaller spaces, a lower ceiling and a specific/private use, while the center is open and wide, it has a collective character as a gathering space. Different exterior views and outdoor areas are created/framed in between the volumes allowing the mediation between the living area and external terraces. All the glazed stackers can slide into pockets removing the sense of boundaries between in and out: the golf course becomes part of the house, creating a feeling of serenity and belonging that enriches the joy for a perfect holiday.Save this picture!© Stephen GoodenoughProject gallerySee allShow lessERH Residence / makeAsceneSelected ProjectsBrigadeiro Apartament / Nommo ArquitetosSelected Projects Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/952005/pegasus-house-dalman-architects Clipboard Houses CopyHouses•Pegasus, New Zealand CopyAbout this officeDalman ArchitectsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookPegasusNew ZealandPublished on November 27, 2020Cite: “Pegasus House / Dalman Architects” 27 Nov 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – LogisVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StonePartitionsSkyfoldWhere to Increase Flexibility in SchoolsTiles / Mosaic / GresiteCupa PizarrasVentilated Facade – CUPACLAD UprightGlassLAMILUXGlass Roof PR60ConcreteKrytonCrystalline Waterproofing – KIMSkylightsVELUX CommercialAtrium Longlight Skylights in ExperimentariumMetal PanelsLorin IndustriesAnodized Aluminum – Copper FinishesStonesFranken-SchotterWall Covering & CladdingWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusSwingsStudio StirlingHanging Chair – BasketWallcovering / CladdingArrigoni WoodsWood Cladding – AcousticMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

JustGiving iPhone application launches in time for London Marathon fundraising

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  82 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 JustGiving, the world’s largest online charity fundraising platform, is bringing even greater speed to online fundraising with the newly-launched JustGiving iPhone application.The JustGiving iPhone app enables fundraisers to: update their JustGiving fundraising pages with text and photos; easily share their pages with their new and current iPhone contacts; and receive instant notification of new donations – all straight from their phone.JustGiving has launched its iPhone application in time for the crucial weeks of fundraising in the run-up to the Virgin London Marathon. The London Marathon is known as the single biggest annual fundraising event in the world.Early adopter and marathoner John Hibbs, who is running the Marathon to raise funds for Lupus UK, gave the application a five-star review in Apple’s iPhone App Store. John Hibbs says: “The new iPhone app gives me great flexibility and keeps me updated with my fundraising, allowing me to keep my growing number of followers informed. JustGiving continues to be at the core of my charity and fundraising work for Lupus UK. It makes fundraising easy!”Rachel Jones, Events Manager, Breakthough Breast Cancer, says: “JustGiving’s iPhone application will make it even easier for our London Marathon runners who are fundraising on JustGiving to spread their page further, while staying in touch better with their sponsors.“It’s a great example of how JustGiving’s innovative approach and investment in technology helps us here at Breakthrough Breast Cancer raise even more money to support the great work of our committed staff and supporters.”Heather Bird, Community Team, JustGiving says: “Here at JustGiving, we’re always working to find new ways make fundraising easier for our JustGiving community. So we’re really excited about the JustGiving iPhone application, and think our iPhone-carrying fundraisers will be too.“We’ve worked hard to have it ready in time to benefit the nearly 20,000 JustGiving fundraisers running the London Marathon.“We know that fundraising for the Marathon can be as hard as running it, and that’s why we’re so proud to say that our 2010 London Marathon fundraisers are outdoing themselves. Those who have started fundraising have raised an average of £677 raised per page. That’s a credit-crunch beating increase of 8% on this time last year!“This new JustGiving iPhone app now gives our Marathon fundraisers that extra edge in their final weeks of fundraising. It will make smashing their targets even easier, and help make this a record-breaking marathon in raising money for important causes.”The JustGiving iPhone app was built in partnership with the award-winning team at ApSmart and is free to download from Apple’s iPhone App Store.NOTES1) The JustGiving iPhone app is free and now available for download from Apple’s iPhone App Store.2) For more information, please contact JustGiving’s Press team at [email protected] JustGivingJustGiving (www.justgiving.com) is the UK’s largest online fundraising platform and has helped over 10 million people raise over £540 million for over 8,000 charities since 2001. In 2009, JustGiving’s CEO Zarine Kharas was awarded the RSA’s Albert Medal for “democratising fundraising and technology for charities” and JustGiving was awarded the “best use of technology award” at the Sunday Times Tech Track 100 awards. Advertisement Tagged with: Digital Events Individual giving Justgiving Technology Howard Lake | 14 April 2010 | News JustGiving iPhone application launches in time for London Marathon fundraising AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1last_img read more

IoF East Anglia group introduces awards for best fundraising

first_img  27 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The East Anglia regional group of the Institute of Fundraising is to run its own awards ceremony for the first time, “celebrating our Members’ good practice and regional excellence”.Sponsored by Harlequin Software, the awards consist of four categories:• Best volunteer fundraiser• Best full time fundraiser• Best grant giver• Best corporate donorIoF members in East Anglia can nominate individuals and organisations by send a 250-word report explaining why the nominee deserves the award.A panel of three judges will make the final decision on winners, who will be announced at the regional conference on 8 November 2012.Nominations should be sent by 30 September 2012 to the group’s Chair, Mary Atkins.www.institute-of-fundraising.org.uk/groups/regional-east-anglia/events/ IoF East Anglia group introduces awards for best fundraising AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 3 July 2012 | News Tagged with: Awards East Anglia Institute of Fundraisinglast_img read more

Great Daffodil Appeal 2013 – donate an hour

first_img Advertisement Great Daffodil Appeal 2013 – donate an hour www.mariecurie.org.uk/daffodil Howard Lake | 9 January 2013 | News Tagged with: Community fundraising Volunteering About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.center_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  31 total views,  1 views today  32 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis How can you make a difference in an hour? This 60-second advert from Marie Curie Cancer Care invites people to spend an hour collecting for its annual Daffodil Day appeal.There is a 90-second version of the advert too:last_img read more

Opening of new basketball arena delayed until December

first_imgIt’s official: Caylin Moore is a Rhodes Scholar Twitter + posts Twitter Facebook TCU Frog Camps returning to more traditional look this summer Starting the conversation about eating disorders on campus ReddIt Kristen Weaverhttps://www.tcu360.com/author/kristen-weaver/ Linkedin Previous articleLibrary addition boasts new technology for studentsNext articleLIVE: Chancellor hosts student town hall meeting Kristen Weaver RELATED ARTICLESMORE FROM AUTHOR printWeather delays and sequencing issues are delaying the opening of the Ed and Rae Schollmaier Arena.Chancellor Victor Boschini said he’s been told the new basketball arena will be completed by Dec. 14. Boschini added the grand opening is tentatively scheduled for 2 p.m. Dec. 15.Boschini said commencement is scheduled to be held in the new arena on Dec. 19. However, the Fort Worth Convention Center’s calendar has an event titled “Texas Christian University December Graduation” scheduled for Saturday, Dec. 19.The TCU men’s basketball team will be playing its home games at the Wilkerson-Greines Athletic Center until the new arena opens, said Ross Bailey, the associate athletics director of facilities and operations. The men’s team played at Wilkerson-Greines last season and has six home games scheduled before Dec. 15.He added that the women’s basketball team will play its first eight home games at the TCU Recreation Center.Ross Bailey, TCU’s associate director of athletics, said the completion date became unknown in June because of weather.The men’s and women’s basketball teams have home games scheduled for Dec. 20, the day after fall graduation. The men are scheduled to play at 1 p.m. and the women at 3:30 p.m.Director of Intercollegiate Athletics Chris Del Conte confirmed that fall graduation and the basketball double-header are expected to be held in Schollmaier Arena.Construction of Schollmaier Arena was expected to be finished in October, but heavy rains have been a cause for concern since early this summer. “We sincerely apologize for the delay to our fans of both programs as well as the many donors who have turned our dream of a new arena into a reality,” Del Conte added in a media release today.“We are more confident than ever that we will have the finest facility in the Big 12,” Del Conte said. “We want to make sure we do this right.” Kristen Weaver is a junior journalism and Spanish major from Plano, Texas, and a managing editor for the109. She is addicted to taking pictures of her food and petting any and every cat she can find. TCU’s new basketball arena will not open on time for the start of the men’s and women’s basketball seasons. Kristen Weaverhttps://www.tcu360.com/author/kristen-weaver/ Kristen Weaver Kristen Weaverhttps://www.tcu360.com/author/kristen-weaver/ Alum appearing on survival-style reality show ‘Stranded With a Million Dollars’ Kristen Weaverhttps://www.tcu360.com/author/kristen-weaver/ Linkedin ReddIt Update: Suspect arrested in connection with death of TCC student TCU places second in the National Student Advertising Competition, the highest in school history The College of Science and Engineering Dean, Phil Hartman, retires after 40 consecutive years Facebooklast_img read more

TCU sprints past UCF to advance to NIT Championship Game

first_imgListen: The Podell and Pickell Show with L.J. Collier ReddIt TCU guard Kenrich Williams drives to the hoop against UCF in a 68-53 win Tuesday night at Madison Square Garden. (Photo Courtesy of GoFrogs.com) ReddIt Garrett is a Journalism and Sports Broadcasting double major. He is the Managing Editor for TCU360, and his passions are God, family, friends, sports, and great food. Garrett Podellhttps://www.tcu360.com/author/garrett-podell/ Garrett Podellhttps://www.tcu360.com/author/garrett-podell/ Facebook Men’s basketball scores season-low in NIT semifinals loss to Texas Linkedin Linkedin Boschini: ‘None of the talk matters because Jamie Dixon is staying’ Facebook Garrett Podellhttps://www.tcu360.com/author/garrett-podell/ printIn the ‘World’s Most Famous Arena’,  TCU took down the University of Central Florida to earn a ticket to the NIT championship game for the first time in program history.The Frogs blazed past the Knights in the second half of the Tuesday’s semifinal at Madison Square Garden in New York City , 68-53.The game started off as a back-and-forth affair, as the Knights’ three-point shooting kept TCU at bay in the first half, as UCF led by ten (29-19) with 5:12 left in the first half.UCF senior guard Matt Williams, one of the top 3-point shooters in the country, came into the contest shooting 38.8 percent from beyond the arc. He stayed true to form, dropping three three-pointers in the first half.Despite the Knights’s advantage from distance, the Frogs held their ground down low.  TCU out-rebounded and out-scored UCF by 20-18 and 16-10 respectively.At 7-foot-6 inches, UCF starting center American Athletic Conference Defensive Player of the Year Tacko Fall is one of the tallest humans on the planet, and he made his presence known in the first half, blocking three shots.“It was a challenge to play against the tallest basketball player in the NCAA right now, you cannot really get ready for that,” TCU forward Vladimir Brodziansky said. ” We just got used to him being there all the time and trying to block the shots, so we went harder to finish the shots.”After halftime, TCU roared back in front, sprinting ahead 44-29 on a 16-3 run just 4:15 into the second half.  During that run, Fall picked up his third foul with 15:44 left in the game, which prompted UCF to pull him from play to keep him from fouling out.TCU’s halftime adjustments, Dixon said, led to their big run to begin the second 20 minutes.“We emphasized more driving, penetrating, making decisions, and finding the open guy,” Dixon said. “I thought once we started to hit some some guys, getting some layups on dump-offs, Fall had to stay closer to his guy.”After dominating from beyond the arc in the first half, the Knights hit just one of their fifteen three-point attempts in the second half.“They just made some shots that we thought we guarded well, and we didn’t think they could sustain it,” Dixon said. “We stayed with our sel[ves] defensively against their tough shots they had early and didn’t panic.”TCU forward Kenrich Williams notched double-double number 18 of season with 12 points, 12 rebounds with 7:28 to play. Williams, coming off a triple-double performance against Richmond in the NIT quarterfinal, finished with 14 points,14 rebounds, and seven assists, just three shy of a consecutive triple-double.“I’ve been more aggressive in finding my teammates, and it has something to do with our point guard missing, me stepping up and Jaylen missing,” TCU guard Kenrich Williams said.Williams’, stellar performance was sparked at halftime by one of TCU’s assistant coaches.“Going into halftime, one of the assistants just told me I ned to pick my play up,” Williams said. “I did a little more hustling in the second half and was thankful that the ball touched my hand.”Dixon relished in Williams’ latest stat-sheet explosion.“I thought Kenrich was terrific in the second half,” Dixon said. “He just took over: passing, finishing, offensive rebounding, and that’s pretty big.”Brodziansky put the exclamation point on the Horned Frog victory with an and-1 layup on Fall with 2:40 left to put TCU up 12, 62-50. TCU backup point guard Michael Williams added a three-pointer from the left corner with 1:54 remaining to put TCU up 65-50.Brodziansky also ended Fall’s night on a layup attempt under the rim that coerced Fall into committing his fifth and final foul. Fall finished with with seven points, five rebounds, five assists, and six blocks.“The main thing was getting him father out from the basket and not letting him be by the rim to get second shots,” Dixon said. Up NextTCU will face Georgia Tech in the NIT Championship game Thursday night after the Yellow Jackets knocked off Cal State Bakersfield in the first semifinal matchup Tuesday, 76-61.Tech is powered by a stingy defense led by junior center Ben Lammers, the ACC Defensive Player of the Year. He averages 14.6 points-per-game and 9.2 rebounds-per-game, while blocking the second-most shots in the nation and most in the ACC with 103 blocked shots.Tipoff between TCU and Georgia Tech at Madison Square Garden Thursday night is set for 7 p.m.“We love coaching these guys all year long, and we just want two more days with them, so they gave us that,” Dixon said. “We’ll look forward to getting ready for Georgia Tech.” Garrett Podellhttps://www.tcu360.com/author/garrett-podell/ Garrett Podell Boschini talks: construction, parking, tuition, enrollment, DEI, a student trustee Twitter Twitter Previous articleDiscovering Global Citizenship program hosts panel on immigration and bordersNext articleCampus tornado alarms sound for inclement weather Garrett Podell RELATED ARTICLESMORE FROM AUTHOR + posts World Oceans Day shines spotlight on marine plastic pollution TCU places second in the National Student Advertising Competition, the highest in school history The College of Science and Engineering Dean, Phil Hartman, retires after 40 consecutive yearslast_img read more