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Folkways Records and Service Corporation

Folkways Records began recording and selling albums in a small New York City office in 1948. Owned, operated and financed by recording engineer Moses Asch (1905-1986), the label deliberately set out to document and preserve “people’s music” from around the world.

Moe Asch WallWhen asked to define the meaning of ”Folkways”, Asch replied that it was “anything that is sound, from Indonesian folk music to James Joyce reading his own poetry.” Keeping in mind this populist view of “music as a means of expression for the people,” Asch refused to remove any album from the catalogue, no matter how poor its sales. His labour of love resulted in an astonishingly diverse collection of over 2,100 records encompassing folk, roots, blues, bluegrass, jazz, spoken-word pieces, and ethnic performance traditions from around the globe.

Complying with Moses Asch’s wishes, the Asch family transferred Folkways and its satellite labels to the Smithsonian Institution in 1987 with the proviso that all albums remain in print in perpetuity. At the Smithsonian, the process of collecting and disseminating recordings in the Folkways tradition continues to this day.

Spanish yields come off highs

stocks bounced back in midday trade on Tuesday as investors snapped up beaten down shares in energy and industrial sectors while Spanish bond yields came off their highs, giving relief to the market. economy. Even after a $125 billion aid package to Spain that was announced cheap michael kors handbags over the weekend, the S fell more than 1 percent on Monday, as questions remained about the terms of the bank rescue deal and the impact it could have on Spanish debt levels.

Trading was volatile. Wall Street dipped earlier as yields on Spain’s 10 year bond hit a euro era high, pointing to continued stress in the nation’s debt markets shortly after an announced European Union bailout.

“Into their close, both Spanish and Italian bonds are bouncing off their (price) lows. The daily egg shells we walk on this week over cheap michael kors purses Spain fake michael kors will of course be followed by Sunday’s election in Greece and what, cheap Michael Kors if anything, the FOMC will announce next week,” said Peter Boockvar, cheap michael kors equity strategist at Miller Tabak Co in New York.

The weekend elections in Greece are viewed as a major headwind that could result in the country leaving the michael kors cheap euro zone.

Nicholas Colas, chief market strategist at the ConvergEx Group in New York, predicted swings in equities around the close of European markets, “since that’s where all our catalysts are coming from.

“It is nice to see cheap replica michael kors us holding above 1,300 (on the S which is an important number psychologically, but it is very possible that we see another disappointing sell replica michael kors off like yesterday,” he added.

The Dow Jones industrial average was up 111.52 points, or 0.90 per cent, at 12,522.75. The Standard Poor’s 500 Index was up 10.07 points, or 0.77 per cent, at 1,319.00. The Nasdaq Composite Index was up 24.87 points, replica cheap Michael Kors or 0.89 per cent, at 2,834.60.

Volatility around the close of European markets is expected to persist until more clarity is received on Greece’s government makeup and the stability of Spain’s banking system.

Energy and material shares, both of which are heavily tethered to sentiment about Europe, were cheap Michael Kors the top gainers. Energy stocks were up 1.4 per cent and materials stocks were up 1.2 per cent.

Michael Kors Holdings Ltd rose 5.2 per cent to $40.16 after posting stronger fourth quarter profit growth and giving a strong full year outlook.Articles Connexes:

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