Master artist gives master class

first_imgHerbie Hancock radiated coolness — from his hip, all-black attire, to his trademark, slightly tinted glasses, to his deep soulful voice, to his calm, measured delivery. And as unmistakable as his aura of cool was his sincerity.Both qualities and more were on display Friday (Feb. 29) in the junior common room in Kirkland House where the noted musician sat and talked about his career and his thoughts on music and life with about 50 students including members of the Harvard Jazz Band and other musicians.The event was part of a two-day celebration in conjunction with the 2008 Artist of the Year award bestowed on Hancock by the Harvard Foundation for Intercultural and Race Relations.Hancock was happy to share his insight with the group, many of whom arrived with instruments in tow. They came eager to perform for and with the celebrated composer and pianist in the august hall full of dark-wood-paneled walls briefly transformed into a mini-music studio full of vibrant jazz riffs.The artist, who studied music and electrical engineering at Grinnell College in Iowa, alluded to the years he spent as a member of the Miles Davis Quintet in the ’60s, and some of the lessons the great trumpeter taught him.“One of the first things I learned from Miles was the value of listening. That’s not solely applicable to music, is it?” he asked the group.Listening, Hancock continued, “shows your respect for other people.”Hancock, who took up the piano at age 7 and by 11 was performing a Mozart piano concerto with the Chicago Symphony Orchestra, first sat and listened as members of the group of students performed for him. His head kept time with the music and he was the first to clap his appreciation as the students took turns with brief solos.Later he joined in on the piano in a jam session where he gave each performer the spotlight before he took the lead with a short display of his inspiring talent.He counseled the young players to explore their own musical style and creativity.“You have to develop your own personality,” he said, “that transcends the instrument. … It’s all about being in the moment, compassion, caring, passion for excellence, and having the courage to explore.”last_img read more

Diana Shipping Reports Financial Results for 2019

first_img Author: Baibhav Mishra Sea News, February 24 Net loss for 2019 amounted to $10.5 million and net loss attributed to common stockholders amounted to $16.3 million, including a $14.0 million impairment loss and $6.2 million loss from sale of vessels. This compares to net income and net income attributed to common stockholders of $16.6 million and $10.8 million, respectively, for 2018. Time charter revenues were $220.7 million for 2019, compared to $226.2 million for 2018. Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, on Friday reported net loss of $14.0 million and net loss attributed to common stockholders of $15.4 million for the fourth quarter of 2019, including a $6.5 million impairment loss and $3.3 million loss from sale of vessels. This compares to net income of $2.9 million and net income attributed to common stockholders of $1.5 million reported in the fourth quarter of 2018. Time charter revenues were $51.5 million for the fourth quarter of 2019, compared to $62.9 million for the same period of 2018. The decrease in time charter revenues was mainly due to decreased revenues due to the sale of two vessels in December 2018 and six vessels in 2019 and decreased average time charter rates that the Company achieved for its vessels during the quarter.last_img read more

A cheapskate’s guide to shopping for credit cards

first_img FILE- In this July 17, 2018 photo, a customer buys groceries with a credit card in Salem, N.H. Cheapskates and low spenders aren’t the ideal credit card customers for banks because they’re typically not as profitable as fast-swiping spendthrifts who rack up finance charges. Still, banks offer credit cards with features that can fit well into a frugal lifestyle. (AP Photo/Elise Amendola, File) Cheapskates and low spenders aren’t the ideal credit card customers for banks because they’re typically not as profitable as fast-swiping spendthrifts who rack up finance charges. Still, banks offer credit cards with features that can fit well into a frugal lifestyle.Some penny pinchers prefer paying only with cash, especially if they think the pain of handing over dollar bills instead of plastic helps to rein in spending. But credit cards can have appeal for their ability to help build credit, along with the allure of getting something for nothing with rewards cards. 1 of 2 There’s no such thing as a “best” credit card. The key is finding one that fits your spending habits — even if your habit is to spend little, experts say.“If you look at dumb things that smart people do, that’s one of them — get into a product that’s not for them,” says Paul Golden , spokesman for the National Endowment for Financial Education . “People who live more on the frugal side tend to be much more thoughtful and cautious about how they’re using credit. So they’re really going to be looking at the features of a card.”Four-person U.S. households annually spend an average of about $80,000, according to the U.S. Bureau of Labor Statistics. Much of that can be charged to a credit card. But what if you spend nowhere near that much?Here are credit card features that may appeal to low spenders:– NO ANNUAL FEE. Many cheapskates might find paying an annual fee for a credit card too much to stomach when so many cards, even ones with competitive rewards, charge none. That’s especially true if they’re using a card infrequently, Golden says.– REWARDS ON PRACTICAL SPENDING. Rewards cards are good for people who pay off their monthly credit card balances in full. That probably describes cheapskates, who likely balk at paying finance charges for carrying a balance. And because frugal types don’t do much discretionary spending, they’ll likely prefer rewards cards that give extra points for everyday spending at such places as gas stations and supermarkets, instead of at restaurants and entertainment venues.– CASH-BACK REWARDS. A frugal lifestyle often means a simple one, which jibes with easy-to-understand cash-back reward programs, as opposed to complicated points and miles systems. In a recent J.D. Power study, 36 percent of credit card customers said they don’t fully understand the rewards available to them. Cash-back cards rack up rewards in the most straightforward and useful way.– NO SPENDING TIERS OR REDEMPTION THRESHOLDS. Card issuers sometimes provide reward incentives to spend more. But low spenders will have trouble meeting spending thresholds — sometimes set at thousands of dollars — to get better rewards and sign-up bonuses. And some cards have a minimum amount for redeeming points, such as requiring $50 worth of rewards to accrue before you can cash them in. Frugal spenders might get frustrated by such a wait to redeem rewards.– REWARDS NOT TIED TO A BRAND. Cheapskates typically aren’t brand loyal; they like to shop around for the best deal. So credit cards affiliated with brands, such as retailers and airlines, aren’t likely a good choice because optimizing them requires spending heavily with that brand and cashing in points with that same brand.– BANK LOYALTY REWARDS. Some cards issued by large banks give outsized rewards to cardholders who keep piles of money in the bank’s checking, saving and investment accounts. Because stashing money in the bank is a cheapskate’s go-to move, it’s a winning feature.– HIGH INTEREST RATES. Nobody prefers high interest rates, but frugalistas who pay their monthly balances in full won’t pay finance charges, so they don’t care about cards that have high rates. Ignoring rates can simplify shopping for the right card. “Interest rate is probably not a big factor,” Golden says. “They might be looking more toward perks and reward programs.”– BUDGETING TOOLS. Using a credit card for most purchases means you can easily examine your spending by reading your monthly statement. Better yet, many card accounts offer additional budgeting tools that might delight cheapskates whose idea of fun is conducting an autopsy on where their dollars went.“For some people, that gives an accurate picture of how they’re truly spending money over the course of a month,” Golden says. “That’s the benefit of using a credit card for all your spending; it gives you that snapshot. It can be useful when you’re trying to build a budget.”This article was provided to The Associated Press by the personal finance website NerdWallet. Gregory Karp is a writer at NerdWallet. Email: [email protected] Twitter: @spendingsmart.RELATED LINKS:NerdWallet: How to pick the best credit card for you: 4 easy stepshttps://nerd.me/4-steps-choosing-credit-cardNational Endowment for Financial Educationhttps://www.nefe.org/ FILE- This June 10, 2015, file photo shows chip credit cards in Philadelphia. Cheapskates and low spenders aren’t the ideal credit card customers for banks because they’re typically not as profitable as fast-swiping spendthrifts who rack up finance charges. Still, banks offer credit cards with features that can fit well into a frugal lifestyle. (AP Photo/Matt Rourke, File)last_img read more

Man United overhaul Spanish giants as Europe’s biggest earners

first_imgManchester United enjoyed the biggest revenue of any European club in the last financial year after a 32 per cent increase propelled them above Real Madrid and Barcelona, UEFA said in an annual report published this week.The European Club Football Landscape report said revenues among Europe’s 700-odd top-flight clubs totalled 18.5 billion euros ($22.7 billion) for 2016, compared to 16.9 billion the year before and 2.8 billion in 1996.However, the report acknowledged that nearly half that amount – 9.1 billion euros – was generated by 30 clubs and that the financial gap between the elite ones and the rest was increasing.English Premier League television revenues were now such that mid-table Bournemouth earned the same as three-times European champions Inter Milan.United’s revenue for 2016 was 689 million euros, compared to 521 million euros in 2015, the report said.United were followed by Barcelona and Real Madrid (both 620 million), Bayern Munich (592 million), Paris St Germain (542 million) and Manchester City (533 million).United’s operating profit of 232 million euros was also the highest followed by Real Madrid, PSG, Bayern Munich, Arsenal and City.United was also burdened with the highest net debt of 561 million euros, ahead of Benfica, Inter Milan, Juventus and Liverpool.The report confirmed that the English Premier League enjoys by far the highest revenues in Europe, averaging 244.4 million euros per club.Next was Germany’s Bundesliga with 149.6 million per club followed by Spain (126.3 million) and Italy (100.2 million)Revenues fell dramatically elsewhere, even in traditional football nations such as the Netherlands (26.7 million) and Portugal (20.3 million).Greek clubs earned an average of 8.9 million euros while figures for Eastern Europe were even lower at 5 million euros for Hungary, 4.4 million for Czech Republic and 1.5 million for Slovenia.“Once more, we cannot help but note that the polarisation of commercial and sponsorship revenues between the top tier of clubs and the rest is accelerating,” UEFA President Aleksander Ceferin said.“As the guardians of the game, UEFA must ensure that football remains competitive even as financial gaps are augmented by globalisation and technological change.”UEFA analyst Sefton Perry said that “only a limited number of clubs are able to fully exploit the enormous commercial opportunities offered by the global market”.Sixteen of the top 20 clubs in terms of domestic broadcast revenues were English with Manchester United top on 146 million, edging out Real Madrid and Barcelona.Bournemouth earned 99 million euros, level with Inter Milan who, along with Juventus, were the only Serie A side in the top 20.The report confirmed that transfer spending reached record levels of almost 5.6 billion euros in the European summer of 2017, including six of the top 20 most expensive transfers ever recorded.Arsenal were the club who made the most from paying fans. UEFA said their yield of 97.8 euros per spectator was the highest in Europe, followed by Chelsea, Real Madrid, Liverpool, Bayern Munich, Manchester United, Barcelona, Galatasaray, Manchester City and West Ham United.last_img read more