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Obama to Honor MLK in Wednesday Speech
Kenneth T. Walsh
August 26, 2013
The Rev. Al Sharpton, center, with Congressman John Lewis, lines up with Martin Luther King III, third from right, his wife Arndrea King and Speaker of the House Nancy Pelosi, second from left, prepare for the march toward the Martin Luther King Jr. Memorial in Washington, Saturday, Aug. 24, 2013.
[b][url=http://www.ifakewatches.com]watches[/url][/b] President Obama's big moment Wednesday to mark the 50th anniversary of Martin Luther King Jr.'s "I Have a Dream" speech has enormous dramatic potential. It will feature the first African-American president standing on the steps of the Lincoln Memorial to summarize where the nation has been and where it is going on the issue of racial prejudice, America's original sin.
[b][url=http://www.ifakewatches.com]swiss replica watches[/url][/b] But there is another part of history that will serve as the subtext of Obama's address – two centuries in which America's presidents have largely ignored issues of racial justice and inequality, and in some cases made matters worse. Only two presidents – Abraham Lincoln and Lyndon Johnson – achieved massive breakthroughs on race and moved the nation in a sustained way toward tolerance, justice and equality. Obama clearly wants to join their ranks but he has been cautious so far.
[b][url=http://www.ifakewatches.com]swiss Mechanical movement replica watches[/url][/b] [ PHOTOS: Remembering Martin Luther King Jr. ]
[b][url=http://www.ifakewatches.com]top brand watches[/url][/b] Lincoln led the North in the Civil War during the 1860s and signed the Emancipation Proclamation that started the process of ending slavery. A century later, Johnson broke free from his past as a senator from segregated Texas and signed the Civil Rights Act of 1964 and the Voting Rights Act of 1965 as part of his embrace of the civil rights movement.
[b][url=http://www.ifakewatches.com]high quality swiss replica watches[/url][/b] Yet, as I point out in my book "Family of Freedom: Presidents and African Americans in the White House," even presidents who had the reputation for being pro-civil rights often came up short and insisted on more patience from African-Americans. King rejected this argument in his famous speech 50 years ago. "We have also come to this hallowed spot to remind America of the fierce urgency of now," King said, in a line that Obama himself has used. "This is no time to engage in the luxury of cooling off or to take the tranquilizing drug of gradualism."
[b][url=http://www.ifakewatches.com]swiss replica watches[/url][/b] Franklin D. Roosevelt was pressured by his wife Eleanor to do more for black Americans but he mostly refused. He argued that Southern barons in Congress would fight him on the New Deal if he moved too aggressively on racial issues, so he largely settled for the status quo. FDR felt that New Deal initiatives providing widespread federal help for those in need would do much to lift African-Americans economically, and he felt that other race-specific actions would have to wait for a more enlightened time. It was Harry Truman, Roosevelt's successor, who braved the fury of racists and ordered the desegregation of the armed forces, bypassing Congress in the process.
[ READ: Martin Luther King Jr., in His Own Words ]
John F. Kennedy, who was president during the March on Washington that featured King's historic speech on Aug. 28, 1963, took a long time to recognize the need for urgent action on race. At first, he opposed the march, arguing that it might make matters worse by angering members of Congress who would feel under undue pressure, and Kennedy feared that the march might result in violence. But the march's leaders, including King, persuaded him that the protest would be non-violent, which it was, and they moved the final rally from the Capitol to the Lincoln Memorial so the protesters would not appear to be threatening the nation's legislators.
On the day of the march, which drew 250,000 persons to the Mall, Kennedy was so impressed that he gave a televised address to the nation and made the case that the civil rights movement was a moral imperative. Kennedy declared, "One hundred years of delay have passed since President Lincoln freed the slaves, yet their heirs, their grandsons, are not fully free. They are not yet freed from the bonds of injustice. They are not yet freed from social and economic oppression, and this nation, for all its hopes and all its boasts, will not be fully free until all its citizens are free."
This was a follow up to his address of June 1963 when Alabama Governor George Wallace tried to block a schoolhouse door to prevent African American students from entering the University of Alabama—Tuscaloosa . The Wallace incident, coupled with anti-black violence in Birmingham, prompted Kennedy to condemn the oppression of blacks one hundred years after the signing of the Emancipation Proclamation.
Advocating the most comprehensive civil rights laws in history, Kennedy told the nation, "It is as old as the Scriptures and as clear as the Constitution. The heart of the question is whether ... we are going to treat our fellow Americans as we want to be treated." Kennedy was assassinated in November 1963, and it's unclear how aggressively he would have pushed the civil-rights agenda.
[ OPINION: The Story Behind JFK’s 1963 Landmark Civil Rights Speech ]
Obama's advisers have made the point that the original March on Washington wasn't only about seeking freedom and justice, it was also about insisting that blacks had good jobs with decent pay. The full name of the event, in fact, was the March on Washington for Jobs and Freedom. It's likely that this very practical theme of job creation will be a pillar of Obama's speech Wednesday as he tries to update the magnificent words of King for a new century.
On Friday, he gave what was likely a preview of his Wednesday remarks. Answering a question from an African-American studies professor at Binghamton University in New York, Obama said, "Fifty years after the March on Washington and the 'I Have a Dream' speech, obviously we have made enormous strides. I'm a testament to it, you're a testament to it, the diversity of this room and the students who are here are a testament to it. And that impulse toward making sure everybody gets a fair shot is one that found expression in the civil-rights movement and then spread to include Latinos and immigrants and gays and lesbians."
"What's wonderful to watch," Obama continued, "is the younger generation. Each generation seems wiser about wanting to treat people fairly and do the right thing and not discriminate and that's a great victory that we should all be very proud of. On the other hand, what we've also seen is the legacy of discrimination, slavery, Jim Crow, has meant that some of the institutional barriers for success for a lot of groups still exist. African American poverty in this country is still significantly higher than other groups. The same is true for Latinos, same is true for Native Americans."
Opinion: Promoting Black Entrepreneurship 50 Years After the March on Washington
Obama Compares Himself to Trayvon Martin
Walsh: Obama Courts the Youth Vote
Ken Walsh covers the White House and politics for U.S. News. He writes the daily blog "Ken Walsh's Washington" for and "The Presidency" column for the U.S. News Weekly. He is the author of the new book " Prisoners of the White House : The Isolation of America's Presidents and the Crisis of Leadership." Ken Walsh can be reached at kwalsh@ and on Facebook and Twitter.
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Coach Takes a Hit: 4 Other Choices - Analyst Blog
By Zacks.com , August 02, 2013, 02:59:01 PM EDT
) released a disappointing fourth quarter earnings report this
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for the quarter came in at ,222.7 million, an increase of 6%
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was also lower than the Zacks Consensus Estimate of , 236
Reasons for the Decline
North American Sales, which account for 63% of Coach's total
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the company open for at least a year declined by 1.7% in the
The decline in sales of women's handbags in the North American
region is at the root of the company's problems. [b][url=http://www.toptimberlandsales.com]timberland boots[/url][/b] In this case, a
drop in comparable-store sales occurred for the second time in
It seems the company has lost some ground to young shoppers who
are well informed about current fashion trends. The company's
executives accepted this criticism. In fact, Coach expects only a
low-double-digit percentage increase in sales of handbags and
accessories in North America.
The situation has been compounded by the departure of several key
officials. President for North America Mike Tucci and chief
operating officer Jerry Stritzke said they will be quitting the
company next month. Such departures are a matter of deep concern
as the company tries to reposition itself as a lifestyle brand
and attempts to expand into clothing, jewelry and shoes.
4 Other Choices
Overall, the company seems to be have a tough time ahead.
Investors will receive a better indicator about the company's
future only after it launches its first clothing line in October.
Clearly, there seem to be better choices in the clothing and
accessories domain going forward.
The one competitor whom Coach has been trying to keep pace with
Michael Kors Holdings Ltd
). The National Retail Federation has said that that the company
is now in second place on its STORES Hot 100 Retailers list,
gaining one spot since last year. In the last quarter, the
company's total revenue jumped 57.1% to 7.2 million in the
quarter, well ahead of the Zacks Consensus Estimate of 1
Slated to report earnings next week, Michael Kors holds a Zacks
Rank #2 (Buy) and has expected earnings growth of 26.08%. The
forward price-to-earnings ratios (P/E) for the current financial
year (F1) is 26.69.
Next up is Canadian company
Gildan Activewear Inc.
). Gildan, which posted earnings this week, experienced a 47%
increase in third quarter earnings. Owner of such brands as Gold
Toe and Anvil, the company's earnings touched 5.8 million (94
cents a share) for the third quarter.
Additionally, it announced that it was planning to purchase the
New Buffalo Shirt Factory Inc. for million in order to expand
operations. Currently, GIL holds a Zacks Rank #2 (Buy) and
has expected earnings growth of 11.67%. It has a P/E (F1) of
) is our third choice. The company reported second-quarter 2013
adjusted earnings of .27 per share this month, higher than
.11 for the year-ago quarter. Owner of brands such as
Timberland and The North Face, the company's total revenue of
,220.4 million grew 4.0% compared with ,141.8 million
recorded in the year-ago period.
This was primarily due to robust growth in its Outdoor &
Action Sports brands, international as well as direct-to-consumer
revenues. Besides a Zacks Rank #2 (Buy), the company has expected
earnings growth of 12.28%. It has a P/E (F1) of 18.38.
Our fourth choice is
), which posted impressive second quarter earnings this week.
Earnings per share increased 77.6% from the comparable prior-year
quarter to .19. This was also higher than the Zacks Consensus
Estimate of 96 cents by 24%.
These impressive results were primarily due to the 'Innovate to
Elevate' strategy adopted by HBI. The strategy lays greater
emphasis on value-added, higher-priced and higher-margin items,
produced at lower cost. The company has a Zacks Rank #1 (Strong
Buy), with expected earnings growth of 14.00% and a P/E (F1) of
Apart from the odd disappointment, apparel stocks seem to be good
bets at this point. All of these four choices would make good
additions to your portfolio.
COACH INC (COH): Free Stock Analysis Report
GILDAN ACTVWEAR (GIL): Free Stock Analysis
HANESBRANDS INC (HBI): Free Stock Analysis
MICHAEL KORS (KORS): Free Stock Analysis
V F CORP (VFC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
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John Teeling's IWC agrees deal with Diageo to buy Great Northern Brewery in Dundalk
Updated: 10:33, Thursday, 22 August 2013
John Teeling, director of Irish Whiskey Company
Whiskey distillery to open in Dundalk
iwc Entrepreneur John Teeling's Irish Whiskey Company has reached agreement with Diageo to buy the Great Northern Brewery site in Dundalk, Co Louth.
iwc portuguese swiss replica The two companies have reached agreement in principal on a deal that will see Diageo move production of Harp from Dundalk to its St James' Gate facility in Dublin.
iwc swiss replica IWC is a new venture majority owned by John Teeling and his family. Mr Teeling was the founder of Cooley Distillery which was bought by US firm Jim Beam for €71m in 2011.
fake iwc watch IWC will focus on supplying whiskey to private label brands. It intends to produce whiskey using some of the existing equipment at the Great Northern Brewery.
copy iwc watches In a statement Diageo said IWC "will be making a significant investment in modifying and adapting it and adding specialised whiskey distilling equipment".
IWC plans to begin distilling late next year with the first whiskey available for delivery in late 2017.
John Teeling said Irish whiskey sales are growing rapidly, a trend IWC expects to continue. "As the industry grows segments emerge. IWC will supply segments not currently served at all or at best poorly served. Dundalk will be an efficient, low cost quality distillery," he said.
The focus will be on supplying grain whiskey to pot still distilleries while grain and malt and pot still whiskeys will be supplied as Private Label products to large retailers worldwide and as Bulk Whiskey to companies wishing to develop their own brands."
Paul Armstrong, Diageo's Supply Director at its international brewing supply division said the company will be centralising brewing at St James' Gate. "We have secured the future of brewing in Ireland well into the future. This ensures that great brands like Guinness, Smithwick's and Harp will continue to be brewed in Ireland," he said.
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Ahead of the Bell: Tiffany & Co.
Analyst cuts Tiffany rating on stock price, raises price target on improved visibility
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[b][url=http://www.tiffanycheapstore.com]tiffany rings[/url][/b] NEW YORK (AP) -- A Citi Investment Research analyst is lowering his rating for Tiffany & Co. due to the high-end jewelry company's stock price, but raising its price target on improved visibility.
[b]tiffany and co[/b] On Tuesday, Tiffany boosted its full year-earnings forecast after reporting a 16 percent increase in its second-quarter profit on strong sales in China that offset sluggish growth in the U.S.
[b][url=http://www.tiffanycheapstore.com]cheap tiffany[/url][/b] Oliver Chen of Citi Investment Research said that the New York company's shares are up 42 percent for the year to date. He cut the chain's rating to "Neutral" from "Buy."
[b][url=http://www.tiffanycheapstore.com]cheap tiffany[/url][/b] "We believe the stock could be in wait and see mode as Tiffany works to reinvigorate growth in the Americas," he wrote in a client note.
But the analyst believes there's better visibility on the company now, and lifted its price target to from .
Chen said that he's impressed by the retailer's strong performance in Asia, Europe and Japan during the second quarter. He noted that there is rising global awareness of the brand, with customers snapping up its more expensive statement and fine jewelry.
Looking toward the holidays, Chen said that Tiffany will likely remain dependent on sales of items in the 0 to 0 range. He views the company as being on the right track, as they are looking to raise prices, incorporate new fashion jewelry and provide a better product mix to shoppers.
Tiffany does not comment on analyst reports. Its shares finished at .82 on Tuesday after hitting a 52-week high of .33 earlier in the day.
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Italy's Tamburi seeks investments to follow Moncler Reuters – Wed, Aug 14, 2013 4:32 PM EDT
RELATED QUOTES Symbol Price Change TIP.MI 1.82 0.00 AMP.MI 3.94 -0.01 PRY.MI 16.91 -0.48
[b][url=http://www.outletmonclershop.com]moncler[/url][/b] MILAN (Reuters) - Italy's Tamburi Investment Partners (TIP) (MIL:TIP) is looking for further purchases after leading a consortium to buy into luxury ski wear maker Moncler, chief executive Giovanni Tamburi said on Wednesday.
[b][url=http://www.outletmonclershop.com]moncler outlet store[/url][/b] TIP, which Tamburi said has investments worth about 1 billion euros (.3 billion), acquired an indirect stake in Moncler this month when its majority-owned vehicle Clubsette bought 14 percent of Moncler President Remo Ruffini's holding company.
[b]cheap moncler vest[/b] The independent investment bank, which also holds stakes in hearing aid maker Amplifon (MIL:AMP) and cable maker Prysmian (MIL:PRY), is mulling deals in the technology, fashion and retail sectors in Europe, at a pace of between one and three a year.
[b][url=http://www.outletmonclershop.com]cheap moncler vest[/url][/b] "We have absolutely not finished," Tamburi told Reuters. "We still have liquidity, we still have investors who want to join us, so we're still looking at potential deals - and there are lots of opportunities in Europe."
[b][url=http://www.outletmonclershop.com]moncler boots[/url][/b] TIP booked a capital gain worth about 33 million euros in July from the sale of its stake in holding companies for French department store chain Printemps, but the cash will not make it any less choosy about its investments, Tamburi said.
[b][url=http://www.outletmonclershop.com]moncler outlet fashion[/url][/b] "We won't let having lots of money make us rush to invest."
The 103 million euro investment in holding company Ruffini Partecipazioni, which owns 32 percent of Moncler, is primarily a bet on the ski wear brand, Tamburi said.
"Ruffini Partecipazioni effectively means 32 percent of Moncler," Tamburi said, adding that its other investments, in secondary brands in the Moncler group such as Henry Cotton's and Marina Yachting, are valued far below the flagship label.
The goosedown jacket label is set to list - without the secondary brands - on the Milan bourse in the last quarter of this year. Sources have told Reuters that Ruffini plans to keep his 32 percent stake.
Sources close to the matter have said the IPO values Moncler at about 2 billion euros, but Tamburi declined to put a value on his stake.
Tamburi said the decision to invest in Ruffini was taken regardless of whether Moncler would list or not.
"Our participation in Ruffini Partecipazioni completely disregards the possible effects of a listing - whether it takes place sooner or later."
( = 0.7538 euros)
(Reporting by Isla Binnie; Editing by Anthony Barker)
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