Friday, February 15, 2013

SunPower - U.S. Innovation Vs. Chinese Low Costs

Introduction

SunPower (SPWR) is the second-largest U.S. solar panel manufacturer after First Solar (FSLR). The company has a big presence in the downstream part of the solar supply chain, being one of the biggest residential and utility solar panels installers in the U.S.. The company makes the most efficient crystalline solar panel using a proprietary process, which is different from the production process used by the majority of the Asian solar module producers. The company, which went through tough times like the rest of the solar industry has shown a remarkable stock price increase in recent times. This has been due to the general market going up and a couple of huge deals signed by SunPower with Buffett-owned MidAmerican Energy. SunPower was spun off from Cypress Semiconductors in 2008 and a majority stake was bought by French oil giant Total in 2010. The company has benefited from the strength of its parent as it would have been bankrupt without Total support.

SunPower Positives

  1. Total backing - The biggest strength that SunPower has is the backing of its parent Total. Even as other big oil majors such as Shell and BP have retreated from solar energy, Total made a big bet on solar energy by buying a majority stake in SunPower. This eliminates the possibility of SunPower shutting down due to capital issues. A number of big western solar manufacturers like Solyndra and Q-Cells have gone bankrupt as they did not have the money to see through the downturn. Chinese companies like LDK Solar (LDK) and Suntech (STP) are surviving solely due to the government largesse.
  2. Strong downstream operations - SunPower has a big presence in solar integration, installation as well as third-party financing of solar panel systems. This has helped SunPower to fight cheaper Chinese competitors as it can sell its solar panels to its in-house system installation team.
  3. Utility and Government Strengths - SunPower has a long history of installing large megawatt size solar power plants for both government as well as private players. The company has developed strong relationships with customers and can showcase past experience to win big solar contracts. The recent win in selling the 579 MW solar farm to MidAmerican proves its expertise in this area.
  4. Innovation and Differentiation - SunPower is not only strong in solar panel innovation but has also introduced other solar products like solar trackers, which help in delivering lower LCOE (levelized cost of energy). The new project with MidAmerican will use the new 1 megawatt power blocks made by SunPower. The company has also been using CPV to increase the efficiency of its crystalline solar panels, which are reaching the upper limit of efficiency.
  5. Visibility of Long-Term Revenue - SunPower's utility deals have been the main reason why the stock has gone up from its 52-week low of $3.71 to its 52-week high of ~$10. Investors have liked the fact that almost 33% of its revenue forecast till 2015 is tied up in long-term deals. Even though the Q412 results were below expectations, the long-term visibility gave a big boost to the stock price.
  6. Cost Reduction - SunPower has managed to execute its cost reduction program with panel costs falling faster than ASPs in 2012. The company has eliminated extra jobs and capacity at its manufacturing facility in Philippines. It has partnered with AUO Electronics to reduce the capex requirements.
  7. Solar Trade Wars - SunPower is set to benefit from the solar trade wars that are going on between major trading powers such as the EU, the USA, India and China. With the U.S. already imposing duties on imports of Chinese-made solar panels, Europe is expected to follow soon. This will raise the prices of Chinese solar panels in these markets negating some of the low-cost advantage.

SunPower Negatives

  1. SunPower is becoming too dependent on North America - SunPower is becoming too dependent on the North American market, as Chinese solar panel competitors have captured the other markets. SunPower has almost no presence in China, which is going to be the biggest solar market in 2013 with ~25-30% of the global demand. Even in other parts of Asia, Africa and Latin America SunPower has not been able to win big deals.
  2. Cost Disadvantage - SunPower suffers from a cost disadvantage compared with other c-Si solar panel makers. Though the company has managed to cut costs sharply in the last couple of years by improving polysilicon utilization (4.2 grams/watt now) and improving efficiency, it is still behind its main competitors like Yingli (YGE) and Trina Solar (TSL) in terms of costs.
  3. Profitability visibility missing - SunPower has been making losses for the last 7 quarters as the industry has been mired in a massive over capacity situation. The company reported a bigger loss than expected in the recent 4Q12 results. The margins from the massive billion dollar deal with MedAmerican have not been disclosed, so we can't judge how the company's profits will look in the future. Solar Installation and EPC business generally has low overall margins (10-20% GM), so while big utility deals can provide a lot of revenue, the big profits are generally missing.
  4. Accounting issue in the past - We don't think it is a big risk now but investors should know that SunPower got embroiled in an accounting issue in the past. The stock saw a big hit at that point of time. However, we don't think the company with Total parentage should have any accounting issues now.
  5. Global overcapacity in solar panels - Despite a number of solar company bankruptcies, the global solar panel market remains heavily oversupplied. The Chinese government is not helping matters by preventing the bankruptcies of nonviable companies. The return to a healthy supply demand balance is taking much longer due to government intervention.
  6. Falling Marketshare - SunPower has lost marketshare as Chinese rivals like Trina Solar , Yingli Energy , Jinko Solar (JKS) have gained at the expense of western manufacturers such as First Solar , Solarworld etc. The company now gets most of its revenue from its home market.

Valuation

SunPower has a market capitalization of $1.2 billion, which is much higher compared with that of other Chinese solar companies with higher solar panel sales and market share. While the P/S of 0.5x and P/B of 1x is not expensive on an absolute basis, it is much higher compared with the rest of the solar panel industry. On a comparative basis, SPWR stock is not cheap but on an absolute basis, the stock is cheap and has potential to appreciate. However, for that to happen, the industry will have to return to a normal supply-demand balance.

Summary

SunPower is a complex investing case given the competing positives and negatives. However, the biggest advantage that SunPower has over other U.S. solar companies such as First Solar and Solar City (SCTY) is the backing by Total. The company might also be a beneficiary of the current trade wars, in which it will mostly be unaffected. SunPower is an innovative company and technology will become one of the most important differentiators in the coming years. We are not sure of First Solar because of its Cd-Te thin film solar technology, which we don't think is competitive anymore. In case of Solar City, we have found it to be overvalued with the segment having low competitive barriers. However, if you are looking into investing in a big U.S. solar company, then SunPower is your best bet. The stock has run up a bit too sharply in recent days. We would look to buy on pullbacks.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)

Source: http://seekingalpha.com/article/1184711-sunpower-u-s-innovation-vs-chinese-low-costs?source=feed

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'Nightmare' cruise ends for thousands of passengers

The last passengers left the crippled Carnival Triumph cruise ship early Friday, ending a five-day ordeal aboard a vessel described as a "nightmare" of filth.

About 3,100 weary passengers lined up and filed off of the ship after it docked in Mobile, Ala., at around 10:30 p.m. ET. They had suffered for days without sufficient food, power or working bathrooms.

Some aboard chanted, "Let me off, let me off!" Homemade signs on the ship included "Sweet Home Alabama!" and "The ship's afloat, so is the sewage."

Teams were in place to receive the passengers with warm food, blankets, cellphones, and refreshments, said Terry Thornton, senior vice president of Carnival Cruise Lines. Some 100 buses took passengers to Galveston, Texas, or hotels in the area.

At 1:49 a.m. ET, Carnival tweeted: "All guests have now disembarked the Carnival Triumph."

Texas native Brittany Ferguson, 24, said she was "feeling awesome just to see land and buildings."

"The scariest part was just not knowing when we'd get back," she told The Associated Press.

As the ship docked, Carnival Cruise Lines CEO Gerry Cahill spoke to the media ? with some passengers cheering in the background ? and apologized for the ordeal.

"I appreciate the patience of our guests and their ability to cope with the situation. And I'd like to reiterate the apology I made earlier. I know the conditions on board were very poor," he said. "We pride ourselves on providing our guests with a great vacation experience, and clearly we failed in this particular case."

He also thanked the U.S. Coast Guard and the city of Mobile for their help.

Passenger Janie Baker told MSNBC's Ed Schultz that people managed the situation well and that the crew was "fantastic," but on the final night, "people's tempers started flying." She described one incident where another passenger tried to disrupt a movie, and was taken away by the crew. "If we had gone any longer, it could have been much, much worse," she said.

Kendall Jenkins also had praise for the crew. "The crew was awesome, they were always smiling," she told NBC's Mark Potter just after disembarking.

Helicopter footage earlier Thursday showed the ship in the open Gulf of Mexico with passengers holding giant signs reading ?SOS? and ?Help! Get us to Eunice, LA.?

In a news conference Thursday night, Thornton said crew members would have the option of staying on the ship or moving to a hotel.

Slideshow: Passengers share photos of life on crippled Carnival Triumph

Earlier in the day, with the vessel in sight from shore, a cable snapped between the Triumph and one of the four tugboats dragging it to land, forcing yet another delay in the rescue.

'It smells like the zoo'
A fire in the engine room Sunday disabled the ship about 150 miles off the Yucatan Peninsula of Mexico. The flames were put out without any injuries, but passengers have described the conditions since as sweltering, unsanitary and becoming dangerous.

?It smells like the zoo ... it?s horrible,? passenger Shannon Caceres told NBC News in a telephone interview on Thursday afternoon as the ship approached land. After the power went out and toilets stopped working, the cruise staff instructed passengers to urinate into the showers and put fecal matter into plastic bags, which were regularly collected by room stewards and put into a giant trash bag, Caceres said.

She confirmed reports of passengers being fed onion-and-cucumber sandwiches, but said she has not touched anything the crew has prepared with their hands, choosing instead to subsist on potato chips and pretzels purchased from the gift shop. Many people on board have been getting upset stomachs, she said.

Caceres, who lives in Flower Mound, Texas, booked the cruise with three of her co-workers as part of an employee vacation. She described a ship that was descending into chaos, with reports of people looting rooms and taking laptops, phones and cameras.

'People were acting like idiots'
There were also frightening moments when the cruise staff began serving alcohol to passengers at one point during the ordeal.

?There were people screaming obscenities in the hallways, wasted,? Caceres recalled. ?People were acting like idiots. You have children sleeping out on the lido deck with drunk people running around, that?s not OK.?

Caceres, who was on Deck 8 in a room with a balcony, at first kept the door of her cabin open to allow a breeze to come in so that passengers with interior rooms across the hall would be more comfortable. But as reports of looting spread, she kept her door closed.

Still, she was most scared at the beginning, when the fire broke out, alarms began going off and people stood terrified in the hallways with their life jackets on.

?I thought we were going to die,? Caceres said. ?I have never been that scared in my whole life.?

Other passengers described a similar ordeal.

?Pipes are busting, I know the sewer is backing up, and water is in the cabins, and it?s just a nightmare,? Jamie Baker told TODAY on Thursday in a telephone interview from aboard the ship.

Baker said she and her friends slept with life vests one night because the ship was listing and they feared that it would capsize. Baker also said she saw one woman pass out.

Carnival disputed passenger accounts and said that crews had done the best they could. However, the company confirmed that fewer than two dozen public toilets were working.

The disabled ship was initially going to be towed to the Mexican port of Progreso, but strong winds pushed it 90 miles north, and Carnival decided to tow the ship to Mobile instead.

'Conditions have improved greatly'

Late Thursday, passenger Chase Maclaskey told NBC News that U.S. Customs officers came on board around 11 a.m. and processed passengers quickly.

?Conditions have improved greatly since yesterday and previous days,? he said. ?There have been bands performing to try and lift the mood. I have to stress, the staff, all of those who directly interface with guests, have gone above and beyond to try and lighten the burden while sleeping right alongside guests in lounges and on decks."

Passengers will get $500, reimbursement for the cruise and a credit for a future cruise, Carnival announced earlier this week.

The Triumph had 3,143 passengers and 1,086 crew on board.

NBC News' Joe Myxter and The Associated Press contributed to this report.

Source: http://www.nbcnews.com/travel/nightmare-cruise-ending-thousands-passengers-1B8325828

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Thursday, February 14, 2013

MacBreak Weekly 337: Put Another Book on the Fire

Leo Laporte, Andy Ihnatko, Don McAllister and I talk iWatch rumors, a lawsuit from Apple shareholders, the reason Tim Cook isn't building a car, and more.

Subscribe or download: TWiT.tv



Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/_g871N7VSs0/story01.htm

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AutoTether for Android produces an instant in-car hotspot

AutoTether gives Android and Automatica users an instant incar hotspot

If you're anything like us, you get slightly twitchy when you can't use any of your WiFi-only devices when parked (or a passenger) in a car. You now won't even have to think about whether or not you're online, if you're an Android user. Inrete's new AutoTether app automatically invokes an Android phone's WiFi hotspot as soon as the handset pairs up with a given Bluetooth device: step into a ride with a Bluetooth-equipped stereo and you'll have an internet connection for every device inside, as long as you're present. Inrete sees its app as a syncing tool for its Automatica car audio companion, but it clearly has uses for the kids' Nexus 7 in the back seat or a significant other's MacBook Air in the front. Check the Google Play link for what could be the next-best thing to a hotspot built into the car itself.

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Comments

Source: Google Play

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/ErU_WlhkBCc/

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Wednesday, February 13, 2013

Direct Marketing Requires Effective Data Management | Data Ladder

Let?s say you?re a small to medium business and a direct mail marketing campaign is part of your strategic plan for 2013.? The budget has been insanely tight because of cash flow, but you know these campaigns get results for your company. You and your team spent the past two weekends developing the layout and graphics to perfection.? Everyone is in agreement that this project will exceed all expectations and give your bottom line a bump up.? Now you?re ready to deliver your baby to the printer and have several mailing lists for them to use to get out the good word!? Just before leaving the office to deliver the goods to your friendly printer, you check your email and see a marketing note about fuzzy data and data matching. At first, you want to hit the ?X? in the upper right corner, but words ?mailing lists? jump out of the message. You freeze in your tracks and then take in the entire message in front of you, learning a great deal about fuzzy data and data matching. Wow man, is this project doomed?!? Am I going to take a hit on the bottom line and have a panic at the CPA?s office?

Well, there is both good news and bad news in response to your question.? If you followed around Google Chrome learning about the buzzword ?big data,? undoubtedly you found some interesting and daunting facts that affect your project. Browsing through those Google links, you find three facts that are real eye-openers:

  1. U.S. business lose over $600 billion each year because of bad data or poor data quality
  2. Poor data or ?lack of understanding the data? are cited as the main reasons for overrunning project costs
  3. Poor data can cost businesses 20%?35% of their operating revenue

Those three factoids, courtesy of Google, reminded you of the dicey burrito you had for lunch and sent you reaching for some relief in your top desk drawer.

As you enter your printer?s office, your panic rises about data matching and a lack of relief from the dicey burrito. To your surprise, your old printer buddy is on his game! He quickly calms your nerves and assures you he is on top of his game. He has been on top of the data matching game for the past couple of years.? Being a pro in his business, he learned quickly the importance of managing big data issues. Your printer did that same panic Google search, but quickly found answers. Since that epiphany, his printing business has tackled his issues with fuzzy matching and data cleansing tools. And since that fateful day, he has improved productivity, customer satisfaction and fiscal performance.? He also found he could open another line of service to his clients to resolve all those data matching issues they bring him with their projects. In the end, it has been a win-win for everyone involved.

To learn more about how your printer friend solved his issues with fuzzy data and data matching, go to Data Ladder and find solutions that will let you keep the antacids in the top drawer and your bottom line on the upswing.

Source: http://www.dataladder.com/blog/2013/02/12/direct-marketing-requires-effective-data-management/

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Church of England evidence to Same Sex Marriage Bill committee ...

Yesterday the Right Rev. Graham James, the Bishop of Norwich, William Fittall, secretary-general of the General Synod of the Church of England and Alexander McGregor, deputy legal adviser to the General Synod and the Archbishops Council, gave evidence to the Public Bill Committee of the House of Commons.

I have edited the Hansard report, rearranged the order in some cases and deleted words, phrases and sections that are less relevant to Changing Attitude?s prime concerns. I was struck by the Bishop of Norwich, referring to Sir Joseph Pilling?s review group, when he said he thinks it is possible that the House of Bishops? understanding of the status of same-sex relationships and how we treat them will change.

I have retained the majority of the evidence because the way questions were phrased and the content of many answers is very revealing.

The Lord Bishop of Norwich?s opening statement:

The Lord Bishop of Norwich:

The Church of England?s understanding of marriage is rather unambiguously set out in Canon B30, which says, according to Christ?s teaching, marriage is the union of one man and one woman for life to the exclusion of all others. Since canon law is part of the law of the land, clearly there has been a need for the sort of legislation before us which acknowledges two understandings of marriage, one which will be gender neutral and one which will be more traditional.

Our concern has not been simply to ensure rights and freedoms for the Church of England, but is Overall, we are broadly content with the way the Bill has developed, although there is more work to be done. Our regret is that until now there has been a single understanding of marriage across Church and state, and between the world faiths. We regret there will not be the same unanimity and we think that there may well be consequences for this which none of us has fully identified as yet.

Is homosexuality curable?

Chris Bryant:

Is homosexuality curable?

The Lord Bishop of Norwich:

I do not think myself it is. There are Christians who believe it to be curable, but that is not the view that I take.

Reasons for marriage

Chris Bryant:

The Book of Common Prayer of 1662 lays down three reasons for marriage. First of all, procreation, which does not apply to many who get married because they either have no intention or no ability to have children, and we do not consider theirs not to be proper marriages. Secondly, to prevent fornication. The third reason was for mutual society. The bit I do not understand about the Church of England?s position is why?and that is reaffirmed in the 1928 prayer book, not passed by Parliament, but passed by the Church of England?if you do not believe homosexuality is a moral disorder or you do not believe it is incurable, why you would be opposed to homosexual couples being able to have that mutual society?

The Lord Bishop of Norwich:

I think the mutual society, help and comfort one may have of the other is affordable in civil partnerships. When the Church of England marries someone, the preface in the Book of Common Prayer is recited even when the woman is past child-bearing age. There is a distinction between idealism in relation to what the purposes are for marriage and realism about the couple who stand before you. I have married a couple who are both in their 80s and I have said the first purpose of marriage is for the procreation of children and they have understood it. It does not apply in its fullness to them, but it is a purpose for which marriage exists.

Other views within the Church of England

Stephen Gilbert:

Do you accept that there are other views within the Church, with vicars in different parishes in different places, and that the Church of England does not have one stable view across the country shared by every member?

The Lord Bishop of Norwich:

The Church of England has doctrine which is expressed in its canons which it believes to be consistent across time and with the teaching of Jesus Christ. I think that I have been ordained in the Church of England long enough to know that unanimity of view on anything is impossible to find, on this as on everything else. So no, certainly there is no unanimity of view, but there is a distinction between the doctrine of the Church of England and what people who belong to it think. One of the glories of the Church of England is that we recognise conscientious dissent.

Should civil partnerships be extended to heterosexual couples?

?

Jonathan Reynolds:

If this Bill is passed, same-sex couples will have the choice of a marriage or a civil partnership; heterosexual couples will just have marriage. Do you believe civil partnerships should be extended to heterosexual couples?

The Lord Bishop of Norwich:

I am here supposedly speaking on behalf on this variegated body of the Church of England, and it does not have any official position on equal civil partnerships. I can tell you, from my own point of view, it seems a strange anomaly that heterosexual couples cannot register a civil partnership. It may well be that heterosexual civil partnerships might fulfil a need for them. That is not something over which the Church of England generally would have an opinion.

Ben Bradshaw:

Do you not accept, Bishop Graham, that the Church of England?s opposition?not yours, because you have an honourable position on this?to this has been blunted by its failure to welcome, support and celebrate civil partnerships?

The Lord Bishop of Norwich:

The Church of England had a varied view in relation to civil partnerships. There were a good many people in the Church who were very glad that civil partnerships were introduced and supported them. There was a big distinction between how we were to regard civil partnerships in relation to lay people within the Church of England and the clergy. The relative ambiguity about civil partnerships in comparison with marriage and the fact that vows did not have to be made and that it was simply a registration caused us some puzzlement in trying to work all that out, which I am quite happy to recognise. You only have to read the pastoral statement on civil partnerships to know how anguished that debate was in preparation for civil partnerships. I recognise why you ask that question, and I would love the whole of the Church of England to take the view that I take, but I recognise that that is not entirely the case.

Legality of C of E clergyperson performing same-sex marriage elsewhere

Tim Loughton:

I have a vicar in my own constituency who, I am sure, would like this to happen. If after this legislation goes through, a Church of England licensed vicar performs a wedding of a same-sex couple on licensed premises, be it Quaker or otherwise, within that parish, will that marriage be illegal after it has happened? Does it therefore effectively have to be annulled by the Church?

Rev. Alexander McGregor:

The Bill, as you know, does not extend to marriages according to the rites of the Church of England. The marriage, therefore, could not take place as a lawfully effective marriage using the rites of the Church of England. The scenario you have put forward is where a clergyman or woman of the Church of England went to another denomination and did some work there. The general ecclesiastical principle rules that the clergy of the Church of England can use only Church of England rites and forms of services. There is a special exception to that in relation to Churches with which we have formal ecumenical relations. As far as I am aware, none of the Churches with which we have formal ecumenical relations is proposing to opt in to same-sex marriage.

Tim Loughton:

But on civil premises?if they did it in an hotel?

Rev. Alexander McGregor:

As far as I am aware, no clergy of the Church of England are employed by local authorities as marriage registrars. In hotels, they can only be civil ceremonies.

The Lord Bishop of Norwich:

The Church of England is excluded from performing any ceremony under the law that extended civil marriages to registered premises.

Tim Loughton:

I just want to know at what point does it become a non-marriage. It is performed by a Church of England vicar. The couple could say that they were married by a Church of England vicar, even if it were on civil hotel premises with all the trappings. What makes it a non-marriage?

Rev. Alexander McGregor:

Only civil marriages can take place in hotels. If a clergyman of the Church of England went mad and thought that he could officiate at a marriage in a hotel, then the marriage would not have any legal effect.

Ben Bradshaw:

If I were a Church of England priest and I had a gay or lesbian couple in my congregation, under this legislation I would not be allowed to marry them in my church. Would I be allowed to officiate at a ceremony at a Quaker meeting house, or one of the other churches that will offer marriage?

Maria Miller:

This is very much something you would perhaps want to talk to the Church of England about. I have considered that very carefully, and my interpretation of their rules?and it is my interpretation?would be that for a priest within the Church of England to officiate at a ceremony at another church in their official capacity might well put them in breach of their obligations to the Church of England. As I say, that is something about which you may want to question the Church of England further. Each religious institution in this country has its own different ways of dealing with marriage. In the Church of England a vicar is able to practise within that Church, and also within the premises of that Church. If they are given a dispensation to go into a Quaker church to practise, our interpretation would be that that would potentially be in breach of the Church of England?s regulations.

Ben Bradshaw:

May I ask the question I posed to Maria Miller about what would happen to a priest who wanted to give pastoral support to a gay or lesbian couple in his or her parish, and wanted, but was not allowed, to officiate at a ceremony at a Quaker meeting house or anywhere else?

The Lord Bishop of Norwich:

In the first place?I do not think we have discussed this in the Church of England?it would need to be recognised and regarded in another denomination in order to operate. He or she might need to be recognised as a civil registrar to undertake that function. Whether or not that would be an offence against the canons of the Church of England, I would need to ponder and think about. Within the Church as it is at the moment, there are possibilities of Church of England clergy presiding at marriages in non-conformist Churches if they are recognised and regarded under the ecumenical Canons. I would need to go back and look at that, and we could write to you with a much more informed answer.

What scope for the Church of England to change position?

Stephen Doughty:

The Archbishop of Canterbury was widely reported after his installation as restating the Church?s official position, but given the lack of unanimity and the variegation in the Church to which you have referred, how do you feel that he and indeed other bishops will approach the issue in the years to come within the Church, and what scope is there for a change in position in due course if that were to be the wish of the bodies of the Church of England?

The Lord Bishop of Norwich:

It is hard to tell, because this legislation has happened so quickly. We have not had a House of Bishops meeting or a General Synod working party of bishops to look at it. What the Archbishop said, if I have understood him correctly, was that he has to see this in the context of the worldwide communion. For us, quite apart from our own individual consciences and what we think the Church of England should do, what the Church of England does and what the Archbishop does and says is observed by a worldwide communion that he leads. It would be fair to say that for a great proportion of the Anglican communion around the world, this is not even a subject that has been discussed or thought about for understandable reasons. As for how quickly things might change, we have, at the moment, a working party being chaired by Sir Joseph Pilling looking afresh at our whole approach to issues related to human sexuality and indeed at our understanding of same-sex relationships. I think it is possible that our understanding of the status of same-sex relationships and how we treat them will change. Whether that would necessarily mean that you would then approve of same-sex marriage is another, quite different, issue. The tradition of marriage within the Christian church, which is shared with other world faiths, is so consistent over the centuries as being one man with one woman for life that I do not think that a change in understanding of same-sex relationships would necessarily lead automatically to the Church approving of same-sex marriage. However, I have to say that I am hazarding guesses here. You asked for evidence, but evidence on these things is a bit hard to come by. I can offer opinions rather than evidence; perhaps there is not a tremendous distinction between the two.

Quadruple lock

Stuart Andrew:

A recurring area of concern for my constituents has been the threat of legal challenge. Are you satisfied that the quadruple lock is sufficient?

William Fittall:

I think that we accept the Government?s good intentions in terms of protecting the religious freedom of the Churches. That is obviously something that has to be done in a different way for different Churches, given that the starting point for us is different: our position in law is different from that of all other Churches..

As far as the Church of England is concerned, we believe that the safeguarding of the position of canon law has been achieved.

Gender reassignment

Kate Green:

If a member of a married heterosexual couple undergoes gender reassignment, under this legislation they would not be required to annul their marriage, but would remain married as a same-sex couple. How will the Church regard that same-sex marriage?

The Lord Bishop of Norwich:

I think there may be a distinction between what is legal and what is pastoral. Would you like to say what is legal and I will tell you what I think pastorally?

Rev. Alexander McGregor:

As a matter of law, they would be whatever the Act said, which would be that they were married. That would be the legal position. The pastoral and theological implications are possibly different from that, however.

Kate Green:

If they had had a church wedding as a heterosexual couple and that marriage continues but one member of the couple changes gender, will the marriage continue in the eyes of the Church?

William Fittall:

It is already the case that clergy are not required to conduct the marriages of people who can already marry under existing law following a change of gender; there is a conscience clause, so that clergy are not required to marry people. That is the starting point.

The Lord Bishop of Norwich:

The marriage would have continued. That is what you are saying.

Kate Green:

The marriage will continue, but the clergy will not have to do anything.

The Lord Bishop of Norwich:

I can think of only one couple that I know?I am sure there are plenty of others?who are in that position. They are members of a Church of England congregation and are treated with all the honour and respect that you would expect. I suspect that that congregation do not think too much about what their legal status is. They see them as human beings who are connected with each other and are part of that Christian community.

Freedom to be married in the Church of England

Stephen Williams:

Coming back to the duty of the Church of England to marry whoever wishes to be married in a parish church, would the Church actually like that duty to be removed?

The Lord Bishop of Norwich:

I think that a very considerable number of people in England look to their parish church as the natural place in which to be married. To add to the complexity by which they would get married, which is what you would be talking about if they had to go to the civil registrar and then come to church afterwards, would probably not be appealing to them. It would not be appealing to us, because we recognise that the relationships that are built up with couples at the time of their marriage are very important to them.

The Church of England has recently done some extensive empirical research. What we discovered was that nine and a half out of 10 of all the couples who were married said that the most important element in their marriage was the vicar. They had made a relationship with the priest prior to the marriage and had been prepared for their marriage, and when they came to church on the day, they knew the person who was marrying them, and they felt that they belonged.

People who are married need to belong to their communities and be connected with others. That is one of the things that the Church can do extremely well and that is the challenge to us.

Chris Bryant:

It is rather charming, Mr McGregor, that you think that Anglican clergy only ever perform services according to the rites of the Church of England. I have been to All Saints, Margaret street for the installation of a new vicar or curate that has been performed in the middle of a service of benediction, which is not a rite of the Church of England and, effectively, contradicts the 39 Articles.

The Lord Bishop of Norwich:

It must be a rite of the Church of England?I have performed it. [Laughter.]

Chris Bryant:

My point is that, as a former priest in the Church of England, I hope that the Church will one day be able to change its mind more completely on this matter. I just wonder when you think the Church of England might change its mind. This is material to the Bill because we might think that all you have to lose is your locks.

William Fittall:

Earlier you discussed the difference between evidence and assessment and opinion. I have observed our bishops in discussion around these matters, and the other bodies of the Church of England such as the Archbishops Council, and you have to recognise the fact that, as the Bishop of Norwich has said, the Church of England is obviously divided on the ethical issues around same-sex relations; there are those who want to be more affirming of civil partnerships and those in active same-sex relations and there are many others for whom that is off limits. You have seen that debate played out publicly.

I would have to say that, in the private discussions that there have been since the Government announced their intention to introduce same-sex marriage, there has not been that same division of view. Yes, there are some people?you have heard some members of the Church of England?who have offered a minority view, but I have to say that, as I observe it at the moment, among the bishops, with the exception of one or two who have gone on their blogs to offer their personal view. I do not detect a strong debate among our bishops around moving to accept same-sex marriage. I think that you have to understand that if ever the Church of England were to change its doctrine, that would require a change to canon law, so there would have to be an amending canon that came through the General Synod and then had the royal licence, and in addition there would have to be a measure that went through the General Synod because it would involve a doctrinal change, which is currently rooted in the Book of Common Prayer, and that measure would also make the necessary changes to the Marriage Act. That would then make it possible for Church of England clergy to conduct same-sex marriages. So it is possible, but I have to say that my assessment is that it is nowhere on the horizon.

Adultery and consummation

?

Jane Ellison:

There has been a lot of correspondence about adultery and consummation. I am interested in how you feel about the fact that there is no plan to redefine that in the ambit of the Bill. Also, a question that has suddenly occurred to me is: if in a heterosexual marriage people commit adultery or are unfaithful with somebody of the same sex as themselves, is that currently covered by the definition? In other words, is there already an inconsistency that if a woman was unfaithful to her husband with another woman, does that already not qualify as adultery?

Rev. Alexander McGregor:

That would not amount to adultery.

Jane Ellison:

So there is already an inconsistency.

Rev. Alexander McGregor:

Yes. The same definition of adultery is effectively maintained, so adultery can be committed only between two people of the opposite sex.

Will discrimination harm the Church of England?

Tim Loughton:

It sounds as though Mr Fittall?s long drawn-out process, as he describes, for the Church of England is unlikely to happen in this millennium either. Contrary to what the Culture Secretary said earlier, the Church of England has a unique position in the Bill in effectively being able to discriminate against marrying same-sex couples. If this law goes through, do you think that it will harm the image of the Church of England that it will uniquely be able to discriminate, as laid out in law?

William Fittall:

I am not sure that I follow that it is in a unique position. It is only unique because the Church of England has canons that have the force of the law of land, it has the duty to marry and it has its own devolved legislature, so we start from a unique position in law, but in substance, what the Government set out to do is to create for us, as for all other denominations, the ability to continue to approach marriage according to our own doctrines and if, in due course, any denomination changes its view, it will be able to do so.

Tim Loughton:

What do you think the effect on the image of the Church of England will be? The uniqueness of the position is as you have described. It would be a very long drawn-out process for the Church of England to be able to change its position, other than being able to opt in as some other Churches would much more simply be able to do. Do you think that this law, if it goes through, with the Church of England in the position of automatically not being able to include same-sex marriage couples, will be damaging to the image of the Church of England in the public consciousness?

William Fittall:

I do not see why it should be. Underlying that question is the assumption that it is a deeply unpopular position not to be in favour of same-sex marriage. If you look at the results of the Government?s consultation and of the petitions that came in, and if you look at the opinion polling, this is a matter on which the country remains pretty divided. There are strong views around. People also respect faith traditions, whether they share those traditions or not, that have their own views and their own integrity.

I do not see a difficulty for the Church of England in having such a position. Indeed, I struggle a little bit to see how the law can be different unless, in the view of Parliament and Government, it should in a sense impose its view on the Churches. It is interesting what has happened in one or two Scandinavian countries, where the relationship between the Parliament and the state Church is different from how it is here. If you go back in history, Parliament legislated directly for the Church of England, because it did not have separate governance bodies of its own. But we have reached a place where we are regarded, like all other Churches and denominations, as having the ability to decide our own doctrine and to act accordingly.

Ben Bradshaw:

Mr Fittall, I must correct you on the opinion polling and refer you to the very helpful document prepared for the Committee by the House of Commons Library, which shows that all of the opinion polls, except those with very leading questions commissioned by the Christian Institute, show clear majorities, including majorities of people of faith, in support of equal marriage. You raised the spectre of successful litigation, but how many divorced people have successfully forced the Church of England in the courts to remarry them in their parish church against the wishes of their local priest?

William Fittall:

I did not suggest that we had any anxiety that we would be forced to marry people. I agree that I am not aware of any litigation of that kind. I think the issue is not whether we would be compelled, and we have expressed satisfaction about that. The issue is more the ability to act, as it were, in the shoes of the state in marrying people without any separate state formality.

Teaching about marriage in schools

Kate Green:

Some other faiths will conduct same-sex marriages as a result of the legislation. What advice will you give teachers in Church of England schools on how they teach about the importance and nature of marriage?

The Lord Bishop of Norwich:

We try always to respond positively to what the Secretary of State suggests in relation to the Education Act, which is to do with recognising the value of marriage. I suppose it is possible, although I was listening to what the Secretary of State for Education was saying, that a lot further down the line there might be some conflict there, which I think you were exploring. Our own view is that the promotion of marriage is part of sex and relationship education. What Church of England schools are good at doing, because the vast majority of them are community schools, is integrating the convictions of the Church of England with a recognition that the Christian opinions held in that school are not totally recognised within the whole of wider society.

There is a balance to be struck, and I think that the Secretary of State for Education was right to say that in teaching there will need to be a recognition that we have a society in which same-sex marriages?assuming the Bill goes through?are possible, and of course the teacher would also indicate why it is that within the majority of Christian traditions such marriages are not celebrated. My sense is that it is not going to be a huge part of sex and relationship education.

Christian attitudes to same-sex weddings and CPs in civil premises

Maria Miller:

Where someone with a strong religious faith who runs a hotel and may be offering civil marriages within their premises would be concerned about the impact of equal marriage, those individuals already have an obligation to offer civil partnerships?it is part of their licence?and they would already be in breach of their duties if they were to refuse same-sex civil partnerships, so those individuals have probably had to take the decision on whether they are happy to undertake same-sex civil partnerships on their premises already. The most telling thing is that I am not aware that there have been any problems in the area or that there have been any breaches of duties in that respect. It does not seem to be creating the problems that people might be worried about.

Source: http://changingattitude.org.uk/archives/6977

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NASCAR?s new Sprint Cup car: Gen-6 looks more like a racecar; Ford, Chevy, Toyota have distinct looks

The boxy ?car of tomorrow,? which debuted in 2007, has been shelved in favor of the new ?Generation Six? car.

After years of complaints that COT specifications made all the cars look the same, with no brand identity, NASCAR and the original equipment manufacturers participating in Sprint Cup worked to create the Gen-6.

?The car looks great; it looks like a racecar to me,? Dale Earnhardt Jr. said. ?I can get excited about that. I can get behind that.

?The cars that you see in the garage, you will stand there and see Fords, Toyotas and Chevrolets driving. It?s great because everything looks different. Everything is instantly recognizable.?

MORE: Anatomy of the Gen-6 | SN's Top 25 | Top crew chiefs |

While strengthening brand identity was the driving force behind the Gen-6, NASCAR and the OEMs hope some of the changes lead to easier passing and more side-by-side racing.

The car is 150 pounds lighter ? minus 80 pounds on the right and 70 on the left ? and the minimum weight for drivers has been reduced from 200 to 180 pounds.

While the wheelbase remains at 110 inches, the length of the car was reduced by 6.3 inches ? from 198.5 inches to 192.2. The width also was increased by three inches ? from 74 inches to 77. There were no significant changes to the height (54.2 inches) or ground clearance (3.5 inches).

?The potential is there for it to create much better racing,? Cup champion Brad Keselowski said. ?There are boxes that are opening up with the car. The most significant is the car is lighter and has better weight distribution.

?That should allow Goodyear to build a better tire that is less prone to failure and permits side-by-side racing because of its grip-to-aero-balance that the car generates.?

As the teams put more test miles on the Gen-6, NASCAR will likely make more minor changes in an effort to improve competition on the track.

?We?re just working on the smaller things ? splitter sizes, underbody stuff, spoiler sizes and things that we can do to help the car run better in traffic,? NASCAR VP of competition Robin Pemberton said late last year and NASCAR and the teams were still developing and testing the car.

Another significant development with the Gen-6 is the attempt to do away with ?crabbing? ? where the rear of the car is skewed to the right.

Crabbing was achieved by altering several rear suspension components and it improved handling by increasing downforce and sideforce.

?Everybody did it to some degree,? Germain Racing crew chief Robert ?Bootie? Barker said. ?Instead of having moveable bushings, you don?t have those anymore, you?re limited on your truck-arm split and you cannot run a rear sway bar (except at the road courses). Elements that went into crabbing have been taken away.

?We?re either going to have to find some other way to do it or just not do it.?

With the new racecars looking more like their production car counterpart, the OEMs were anxious to do away with crabbing.

?None of us want to see our cars going down the straightaways already at 3-4 degrees of yaw,? said Andy Graves, Toyota Racing Development VP of chassis engineering. ?It doesn?t look right; it doesn?t look good. All of the teams were working within the rules to do that ? and there?s a huge performance gain by doing that ? so NASCAR is taking steps to eliminate it.

?They have added some extra downforce on the cars, which helps the drivers and the teams not miss the performance they gained from crabbing.

?At the end of the day, for all of us to see our cars go straight on the straightaways, it?s going to be better for the sport.?

After testing the Gen-6 car, Earnhardt agreed that doing away with crabbing was a good move.

?I don?t miss any of that stuff,? he said. ?It did make the cars go faster, but they were a little bit more of a challenge to drive. The sensations that you got going off in the corner crooked weren?t a lot of fun.

?I kind of like going in the corner with the car going straight, like it?s supposed to.?

Source: http://aol.sportingnews.com/nascar/story/2013-02-12/new-sprint-cup-car-gen-6-look-drivers-manufacturers-ford-chevy-toyota

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