Experts Connection Research Paper Example | Topics and Well Written Essays - 750 words

Experts Connection - Research Paper Example Administrators of special education programs need to be aware of the issues in special education so as to deal with them effectively. Special education programs are designed to cater for the needs of students with sensory or physical disabilities, emotional difficulties, behavioral difficulties, communication problems, medical/health conditions and learning difficulties (Simpson & Sonja, 2009). There are many issues in special education programs. They include legal issues, funding issues and personnel issues among others (Pardini, 2002). It is important for administrators of special education programs to comprehend these issues so as to effectively manage the programs and deal with problems that may arise. These administrators of special education programs that serve students who receive special education services should be aware of all the potential issues that may face the programs. Administrators of special education programs are faced with numerous legal issues. There are laws that are designed to protect the rights of learners with disabilities. These legislations should be clear to the administrators of special education programs so that they can be able to comply with the law when managing special education programs and serving the educational needs of students with special needs. An example of such legislation is the Individuals with Disabilities Education (IDEA) Act which is meant to ensure education for children with disabilities in public schools in the most conducive environment (Cortiella, 2009). The law stipulates that special designed instructions and services should be provided to all students with special needs and disabilities. Another example is the No Child Left Behind (NCLB) Act, under which all educational programs in the US are governed. The laws governing special education do so at both state and federal

U.S. TRADES Essay Example | Topics and Well Written Essays - 750 words

U.S. TRADES - Essay Example The major export categories were Machinery, Mineral Fuel and Oil, Vehicles, and Plastic. NAFTA (North American Free Trade Agreement) has promoted this link by including wide-ranged, market-opening regulations in the agreement. It is also developed a more impartial set of trade policies so the trade barriers can be decreased and removed in Mexico (BesedeÃ… ¡, 2013). Since this agreement was signed, the trade has increased sharply among the nations who are parties to it; however, this increase of trade activity has caused increasing trade deficits for the US with both Canada as well as Mexico. Japan is the third largest partner of the US with around 300 billion USD in goods and private services trading during the year 2013. In 2010, the Economic Harmonization Initiative was launched between US and Japan to boost the economic growth of both countries by promoting collaboration to harmonize policies that facilitate trade. With the four percent (around 3.00 billion USD) drop as compared to 2012, the US goods trade deficit with Japan was 73 billion USD during 2013, and accounted for 11 percent of the entire US goods trade deficit. The Asia-Pacific region is of vital significance for the US as it is the rapidly developing region as well as a key driver of international economic development. In fact, the region already formed more or less 60 percent of international gross domestic product and around 50 percent of global trade, and is likely to grow by nine percent in 2014. During 2011, the Trans-Pacific Partnership (TPP) nations had the entire GDP of 18 trillion USD, of which more or less â€Å"85 percent comprised the US economy† (Williams, 2013, p. 98). United States exports to existing TPP affiliates were around 110 billion USD during 2011 and imports were 95 billion USD, indicating that the US had a trade surplus with existing TPP economies of approximately 14 billion USD. Benefits to the US from the trade

Shipping companies listed on New Yorks Stock Exchange

Shipping companies listed on New Yorks Stock Exchange This study was based on 21 shipping companies listed in New York Stock Exchange, over the period of 2005 to 2009. On the table below the selected shipping companies are shown. Shipping Companies listed in the New York Stock Exchange DIANA SHIPPING INC NAVIOS MARITIME HOLDINGS INC 3 SAFE BULKERS INC 4 GENCO SHIPPING TRADING LIMITED 5 TEEKAY CORPORATION 6 TSAKOS ENERGY NAVIGATION LIMITED 7 EXCEL MARITIME CARRIERS LTD 8 DANAOS CORPORATION 9 AEGEAN MARINE PETROLEUM NETWORK INCORPORATION 10 FRONTLINE LIMITED 11 SEACOR HOLDINGS INCORPORATED 12 NORDIC TANKERS 13 GLOBAL SHIP LEASE INCORPORATION 14 GENERAL MARITIME CORPORATION 15 SEASPAN CORPORATION 16 SHIP FINANCE INTERNATIONAL LIMITED 17 KIRBY CORPORATION 18 OVERSEAS SHIPHOLDING GROUP, INC 19 DHT MARITIME INCORPORATION 20 INTERNATIONAL SHIPHOLDING CORPORATION 21 TIDEWATER INC This paper seeks to examine the relationship among three corporate governance mechanisms (board composition, chief executive status and audit committee) and some firm performance measures (return on investment capital, return on equity, Return on Assets and Current Ratio). Also, the essay examines the relationship among these three corporate governance mechanisms and the operating performance (Net Sales to Operating Cost) of the corporations. Part 1 Corporate Governance Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled with the objective to enhance shareholders wealth. Corporate governance also includes the relationships among the stakeholders involved and the goals by which the corporation is governed. It is supposed that better corporate governance leads to better corporate performance by preventing the expropriation of controlling shareholders and ensuring better decision-making. Corporate governance is a priority along with financial indicators when evaluating investment decisions according to investors. The majority of them are prepared to pay a premium for companies having high governance standards. On the opposite, there are also bad forms of corporate governance that lead corporations to problems. Good corporate governance is considered to be a fundamental necessity to run a firm successfully. Moreover corporate governance is a process which can ensure growth for a firm and the economy in general. Most of the selected shipping companies are foreign private issuers established in Marshal or Bermuda islands. The minority of the selected companies are U.S corporations. Consequently most of them are not required to comply with the corporate governance practices followed by U.S. companies following the New York Stock Exchange (NYSE) listing standards. However, they are required to state any significant differences between their corporate governance practices and the practices required by the NYSE according to Section 303.A.11 of the NYSE Listed Company Manual.  Furthermore almost every chosen shipping company adopts NYSE required practices, such as having a majority of independent directors, establishing audit and compensation and nominating committees as well as adopting a Code of Ethics.   NYSE requires companies to adopt and disclose corporate governance guidelines.   The guidelines should address to the director qualification standards, the director responsibilities, the director access to management and independent advisers, the director compensation, the director orientation and continuing education, management succession as well as an annual performance evaluation. However,   most of the shipping companies trade in NYSE are not obliged to comply with these rules due to that they are foreign private issuers as well as most of them are offshore. For these companies there is no obligation of complying with any corporate governance guidelines or code of ethics. Shareholders can be informed via the annual reports and Code of Ethics, both of which have been publicly filed by the United States Securities and Exchange Commission available on the companies web-sites. Corporate governance guidelines and shipping companies intend to publish an overview of the Companys gu iding principles which focuses on social issues. This Code cannot cover every applicable law or provide answers to all questions that may arise but it can set out general principles about an organization belief on matters such as mission, quality, conflicts of interest, internal reporting, privacy or the environment. Furthermore, it may define proper procedures to determine whether a violation of the code of ethics has occurred. Code of ethics and corporate social responsibility is a neglected issue in the shipping industry. Traditionally there is no reason for the shipping companies to invest in advertising or in any other activity that could improve their image. Consequently the main goal of the management of a shipping company is to attract as many as possible new clients. Any characteristic that can improve the reputation of the company is not a priority for the managers of a shipping company. Many years have passed and shipping companies were not obliged to follow some rules of social responsibilities. Fortunately, the last decade various regulations have been imposed to the operation of a shipping company, although the control mechanisms were not always efficient. Board of Directors An important aspect that influences the corporate governance is the board of directors. The board of directors plays an important role to the company operation. It oversees top management and is entrusted with the responsibility of monitoring and supervising the company resources and operation. Moreover, it undertakes the obligation of appointing a qualified person as the Chief Executive Officer and other management staff. Therefore, the board is seen as a team of individuals with fiduciary responsibilities of leading and directing a firm, with the primary objective of protecting the shareholders interests with high sense of integrity and commitment to the firm. The role of the Board is significant in designing efficient corporate monitoring and ratification mechanisms. With respect to reducing agency costs at the Board level, Boards of directors have three key decision rights: (1) Monitoring (2) Ratification (3) Reward and punishment rights. They may even remove top managers from their positions and sanction them for their decisions. NYSE rules require the size of the board of directors not to be smaller than three members. As it can be observed by the survey the size of the board of directors of the sample is between five and seven members. Although there are some shipping companies that have more than seven members in the board and some others that have less than five members. It can be concluded that the majority of the board members in the board of directors are outside directors (member of a company board of directors who is not an employee or stakeholder in the company). The role of independent directors on the board of directors is to effectively monitor and control firm activities in reducing opportunistic managerial behaviors and expropriation of firm resources. The majority of the board members are outsiders for most of the companies; some of them use relatives as well as acquaintances as board members. This indicates a tendency for the shipping companies to be governed by a closed team of people. In accordance to NYSE rules the board should have audit, compensation, and nominating committees made up entirely by outside directors. Almost all of them are consisted by the three obligatory committees opposed to the majority of the selected shipping companies that do not have the obligation to comply with the NYSE rules. The role of these committees is significant; they are assigned to evaluate the board The role of the Audit Committee The purpose of the Audit Committee is to: Monitor the integrity of the firm financial statements. Monitor the qualifications, independence and performance of the company independent auditors. Monitor the performance of the company internal audit function. The audit committee ensures that the books of the company are not fake and that shareholders are properly informed of the financial status of the firm. In this essay it is made an effort to examine the importance of the audit committee in shipping companies listed in the New York Stock Exchange. NYSE requires from a listed U.S. company to have an audit committee with a minimum of three members. But it is permitted by Rule 10A-3 under the Securities Exchange Act of 1934 that audit committees of foreign companies can have less than three independent members in the audit committee. The Chief Executive Officer (CEO) Status The Chief Executive Officer position and the whole management team is an important position to hold in a corporation. They are responsible for Operating the firm in an effective way. Preparing the annual operating plans and budgets. Establishing an effective system of internal control. In this essay it is examined the role of the Chief executive officer (CEO) in the shipping companies. There are two types of leadership structure i.e. combined leadership structure and separated structure. Combined leadership structure happens when the CEO is also the chairman of the board. On the other hand separated leadership structure takes place when the Chairman of the board is a different person from the CEO. Many studies identifying the implications of CEO duality exist. It is thought that the operating performance may be improved as a result of less debate among the CEO and chairman and/or other directors. From the sample of the shipping companies that it was taken a significant tendency cannot be provided. In some of the shipping companies the CEO is also the chairman of the board while in others is not. Part 2 Methodology The aim of this research is to figure out if the corporate governance mechanisms have an effect on firm performance. Therefore, the measurement of firm performance is primarily comprised of two factors: operating and financial performance. The data used for this research were extracted from the audited financial statements of 21 shipping companies listed in the New York Stock Exchange. The survey covers the time period through 2005 2009. The sample consists of the annual observations for the board size of every company, for the CEO status and for the size of the audit committee of every shipping company. The aim of the research is to find if these corporate governance mechanisms influence the operating and financial performance ratios. Consequently regression models have been constructed in order to prove the association between the corporation governance in operating and financial performance. Microsoft Excel and the statistical package Eviews were used so as to collect the data run the appropriate regressions and identify the results. Moreover except from the companies annual reports a lot of information was extracted through the Thomson Database. In the end panel data methodology was adopted because it combined time series and cross sectional data. The method of analysis is that of multiple regressions and the method of estimation is Ordinary Least Squares (OLS). By running the appropriate regressions via Eviews and by using Return on equity and the profit margin as the dependent variables, the results were considered inadequate. Consequently it was considered integral to proceed to further research. That is why the below financial ratios were used as dependent variables. For the financial performance: Return on equity ratio: Profitability ratio, it can indicate the management effectiveness Return on assets ratio: Profitability ratio, it can also indicate the management effectiveness Return on investment capital ratio: Profitability ratio, it can also indicate the management effectiveness Current ratio: liquidity  ratio Finally in order to measure the operating performance: The above formulas contributed on calculating the ratios of the shipping companies for the time period of 2005 2009. Moreover, many independent variables were used to define the most accurate and specifically those that would give some results. Consequently as independent variables are defined the above: Out_Board = the proportion of the independent directors over the total directors. CEO = if the same person occupies the post of the chairman of the board and the Chief executive is defined by valuing with zero, otherwise value with one. Audcom1 = the proportion of the audit committee. In the end in order to run the regression, the economic models should be defined. For the return on equity: For the return on assets For the return on investment capital For the current ratio So as to measure the operating performance of the shipping companies the above economic model was used. Furthermore the above parameters should be defined. ÃŽÂ ²o:Constant term ÃŽÂ ²1:Coefficient of the regression ÃŽÂ ²2: Coefficient of the regression ÃŽÂ ²3: Coefficient of the regression eit: Disturbance term Empirical Results and Discussion It is important to mention some important data before continuing to comment on the outputs of the regression. First of all the regression outputs will be tested for all the three confidence intervals 90%,95% and 99%. In order to have a statistical significant output the t statistic has to be greater than 1.64, 1.96 and 2.576 respectively. Moreover so as to have a statistically significant variable the p value has to be less than 0,1 , 0.05 and 0.01 respectively. As it can be observed from the table below, the three independent variables are statistically insignificant because the t statistics are lower than the critical values. Moreover it can be confirmed because all the p values are greater than the level of significance. Dependent Variable: ROE Method: Panel Least Squares Total panel (unbalanced) observations: 99 Variable Coefficient Std. Error t-Statistic Prob. OUT_BOARD -0.00683 0.552604 -0.01236 0.9902 CEO 0.017437 0.17098 0.101982 0.919 AUDCOM1 -0.002796 0.101423 -0.027571 0.9781 C 0.18661 0.529641 0.352334 0.7254 R-squared 0.000114 Adjusted R-squared -0.031461 F-statistic 0.003613 Prob(F-statistic) 0.999698 S.E. of regression 0.791347 Dependent Variable: ROA Method: Panel Least Squares Total panel (unbalanced) observations: 99 Variable Coefficient Std. Error t-Statistic Prob. OUT_BOARD -0.095721 0.061678 -1.551956 0.124 CEO -0.032232 0.019084 -1.688972 0.0945 AUDCOM1 0.009389 0.01132 0.829387 0.409 C 0.140099 0.059115 2.369954 0.0198 R-squared 0.078318 Adjusted R-squared 0.049212 F-statistic 2.690791 Prob(F-statistic) 0.050602 S.E. of regression 0.088325 Dependent Variable: ROA Method: Panel Least Squares Total panel (unbalanced) observations: 99 Variable Coefficient Std. Error t-Statistic Prob. OUT_BOARD -0.104552 0.060653 -1.723773 0.088 CEO -0.028425 0.018493 -1.537033 0.1276 C 0.171387 0.045439 3.771807 0.0003 R-squared 0.071644 Adjusted R-squared 0.052303 F-statistic 3.704289 Prob(F-statistic) 0.028204 S.E. of regression 0.088181 It is evident from the tables above that there is a correlation between return on assets and the independent variables. On the first table it can be observed that the CEO independent variable is statistically significant on 10% confidence interval. Also R- Squared is 7.16% of the variability of the return on assets and is explained by the regression. On the second table one independent variable is excluded from the regression in order to prove that the proportion of the outside directors over the total number of the board is also statistically significant at the 90% confidence interval. It is evident that these two variables influence the financial performance of the shipping companies that are selected in the sample. On the table below it is shown the regression output between the return on investment capital and the independent variables. It can be observed that the proportion of the outside directors and the CEO are statistically significant on the 90% confidence interval. It implies that the majority of the sampled firms, in the period under study, have separate persons occupying the posts of chief executive and the board chair. Dependent Variable: ROIC Total panel (unbalanced) observations: 97 Method: Panel Least Squares Variable Coefficient Std. Error t-Statistic Prob. OUT_BOARD -0.108758 0.062348 -1.744367 0.0844 CEO -0.031869 0.019189 -1.660741 0.1001 AUDCOM1 0.00542 0.011377 0.476405 0.6349 C 0.199476 0.059341 3.361532 0.0011 R-squared 0.081182 Adjusted R-squared 0.051542 F-statistic 2.738981 Prob(F-statistic) 0.047783 S.E. of regression 0.088251 Dependent Variable: CURRENT_RATIO Method: Panel Least Squares Total panel (unbalanced) observations: 99 Variable Coefficient Std. Error t-Statistic OUT_BOARD 0.554821 1.498786 0.37018 CEO -0.636588 0.463736 -1.372737 AUDCOM1 0.538569 0.275082 1.95785 C 0.954122 1.436504 0.664197 R-squared 0.047648 Adjusted R-squared 0.017574 F-statistic 1.584356 Prob(F-statistic) 0.198271 S.E. of regression 2.146311 Another ratio so as to observe the financial performance of a company is the current ratio. By running a regression it can be concluded that the audit committee size is statistically significant at a 90% and 95% confidence interval. Because of the different financial performance ratio it can be observed a different correlation between the dependent and the independent variable. On the particular output the positive relationship between the liquidity ratio and the audit committee seems to be a very reasonable result. Shipping companies follow the corporate governance guidelines which are given by the NYSE for the audit committees. In the end a regression was run for the operating performance of the shipping companies. On the table below it is shown that the proportion of the outside directors is statistically significant at 90% confidence interval with t statistic greater than the critical values. Also it is shown that the audit committee variable is also statistically significant for all the confidence intervals. But the R squared of the output is very low which means that only the 8.76% of the variability of the dependent variable is explained. Dependent Variable: OPER_PERF Method: Panel Least Squares Total panel (unbalanced) observations: 99 Variable Coefficient Std. Error t-Statistic Prob. OUT_BOARD -0.951585 0.50254 -1.893552 0.0613 CEO 0.083654 0.15549 0.538005 0.5918 AUDCOM1 -0.23875 0.092234 -2.588514 0.0112 C 3.109729 0.481657 6.456321 0 R-squared 0.087671 Adjusted R-squared 0.05886 F-statistic 3.043024 Prob(F-statistic) 0.032629 S.E. of regression 0.719653 Descriptive statistics The table below presents the result of the descriptive statistics analysis between the dependent variables and the independent variables by measuring the mean, the standard deviation and the percentage of distribution range of the pooled years of the sample under study. Descriptive Statistics Oper_Perf Roa Roe Roic Cur_ratio Out_Board CEO AUDCOM1 Mean 1.741854 0.078202 0.18183 0.11603 3.243112 0.762211 0.474747 2.808081 Median 1.527139 0.072055 0.156449 0.110134 1.86132 0.777778 0 3 Maximum 5.409894 0.513177 3.84573 0.368966 70.57955 1 1 5 Minimum 0.889839 -0.42841 -4.60062 -0.41285 0.1406 0.428571 0 1 Std. Dev. 0.737746 0.090581 0.779185 0.09045 7.100746 0.153031 0.501903 0.816623 Skewness 1.867152 -0.45139 -1.94635 -1.54254 8.614659 -0.20659 0.101139 0.250996 Kurtosis 8.233289 16.32647 24.76835 14.17857 81.7566 2.085215 1.010229 3.44567 Jarque-Bera 177.3846 735.9403 2017.183 549.1192 27351.86 4.156112 16.50043 1.858795 Probabil. 0 0 0 0 0 0.125173 0.000261 0.394791 Sum 179.411 7.741993 18.00119 11.3709 327.5543 75.45889 47 278 Sum Sq. D. 55.51539 0.804091 59.49867 0.793579 5042.06 2.295021 24.68687 65.35354 Observ. 103 99 99 98 101 99 99 99 As it can be referred from the table above the number of the observations is all close to the hundred. This is because some of the data were not available and could not be extracted from the financial reports. Moreover another reason of the lack of some data is that some of the shipping companies were listed in the New York Stock Exchange after 2005. Conclusion The aim of this essay was to prove that there is a relationship between corporate governance mechanisms and firm performance using a sample of 21 shipping companies which are listed in the New York Stock Exchange from 2005 until 2009. The study used firm performance ratios and three mechanisms to prove the above relationship. Panel data methodology is employed; the method of analysis is multiple regressions and the method of estimation is Ordinary Least Squares. The study concludes to the followings: There is no significant relationship between ROE and none of the independent variables. There is a significant relationship among ROA and CEO status and the proportion of the outside directors. There is significant relationship among ROIC, board composition and CEO status. There is a significant relationship between Current ratio and audit committee. And there is a significant relationship among operating performance, board composition and audit committee. Concerning future research, efforts should be made to increase the sample size and the corporate governance variables to achieve a clearer view about the affection of the corporate governance mechanisms on the shipping companies. It can be said that shipping industry has been expanded all over the world from family to family. It is a closed industry which excludes many people. Consequently the nature of the industry makes it very difficult to perform an in depth research and establish an outcome. References Web Sites http://www.investopedia.com/ http://en.wikipedia.org http://www.dianashippinginc.com Home page

Dale :: essays research papers

Earnhardt dies following Daytona 500 accident DAYTONA BEACH, Fla. -- Seven-time NASCAR Winston Cup champion Dale Earnhardt, 49, was fatally injured Sunday in a multi-car accident on the final lap of the 43rd Daytona 500 at Daytona International Speedway. "NASCAR has lost its greatest driver," said NASCAR Chairman of the Board Bill France, who himself is recovering from life threatening illnesses, "and I personally have lost a great friend." His wife Teresa was at his side at the time of death. Dr. Steve Bohannon, emergency trauma surgeon who was on one of the ambulances that responded, said, "My speculation would be head injuries, basically to the base of the skull." Earnhardt, who won the 1998 Daytona 500, was unconscious when he was cut from his No. 3 Richard Childress Racing Chevrolet after the accident between Turns 3 and 4 of the 2.5-mile speedway as a tangled pack of cars raced to the checkered flag. He was immediately transported to Halifax, less than one-mile from the speedway. "I don’t know what to say. This is incredible, just incredible. I think everybody is just in shock right now. "I didn’t see much of what happened up there (in the fourth turn). After the race was over, I heard things didn’t look very good but, man, Earnhardt. You figure he’ll bounce right back," said Jeremy Mayfield, driver of the No. 12 Penske Ford. Your first thought is, hey, he’ll probably come back next week at Rockingham and beat us all. "My heart goes out to Theresa and Dale, Jr., Kerry and Kelly, and to Taylor Nicole." Earnhardt was pronounced dead while his driver, Michael Waltrip, was being interviewed in the Daytona press box after his first career victory in 463 starts. In the accident, Ken Schrader's No. 36 Pontiac was pinned against the outside wall by Earnhardt's out-of-control No. 3 Richard Childress Racing Chevrolet, which came from a lower lane on the 31-degree banked turn. "I don't know what happened -- all of a sudden we were all crashing," said Schrader, who was unhurt in the accident. "I guess someone got into Dale because Dale got into me and then we went up. We hit pretty hard and Dale hit harder." Schrader tried to visit Earnhardt's car after the accident ended, but quickly left the area. I didn't get to talk to Dale," Schrader said of his escape. "I went over there and then they (safety workers) got there real quick, so I got the hell out of the way.

Evolutionary Psychology

Evolutionary psychologists view human behavior and psychological traits as a result of evolutionary adaptation in response to reproductive needs – much like the concept of natural selection applied to reproduction, or sexual selection. Drawing from this perspective, evolutionary psychologists and professionals seek to explain the differences between male and female dating and mating rituals and sexual attitudes and how they have evolved throughout the centuries.For example, researchers employ the evolutionary perspective to discuss the differences in male and female promiscuity, aggressiveness, dominance, dating patterns, and the development of sexual attitudes – differences which seem to become less apparent in modern times than the more traditional sexual values expressed throughout history. Evolutionary psychologists would propose that differences between male and female promiscuity are a result of the evolving need to ensure reproduction.While traditional female sex ual attitudes and values are evolving and females are increasingly becoming more comfortable in expressing sexual aggression or dominance in modern times, these traditional differences may be explained from the standpoint of adaptation to reproductive demands as well. Women are more limited in reproductive opportunity than men, having a limited number of eggs and a limited amount of time in which to reproduce optimally, while men have a much more unlimited reproductive opportunity with hundreds of thousands of available sperm and a many more reproductively-viable years than women.Evolutionary psychologists would propose that the differences in sexual attitudes and behaviors among men and women are directly attributable to these reproductive differences as evidenced by the innate desire of men for sexual promiscuity, as compared to the highly selective manner of reproductive behavior among women.While the evolution of social attitudes towards female sexuality has produced an acceptan ce of evolving sexual behavior among women, evolutionary professionals propose that the innate differences between men and women with regard to parenting style, romantic behavior, preferences in sexual partners, and the extent to which looks and personality play a role in mating selection, are a result of evolutionary adaptations.Evolutionary psychology would propose that male and female sexual behavior is centered on the innate need to optimize reproductive opportunity – men being visually stimulated and aggressive in order to ensure a fertile mate and reproductive opportunity, while women express nurturance and attraction towards partners who can provide, ensuring survival of the family unit. These sexual and mating differences, according to evolutionary psychology, ensure the passing on of ones’ genes.

Bag of Bones CHAPTER NINETEEN

The telephone was ringing. I climbed toward it from a drowning dream where I couldn't catch my breath, rising into early sunlight, wincing at the pain in the back of my head as I swung my feet out of bed. The phone would quit before I got to it, they almost always do in such situations, and then I'd lie back down and spend a fruitless ten minutes wondering who it had been before getting up for good. Ringgg . . . ringgg . . . ringgg . . . Was that ten? A dozen? I'd lost count. Someone was really dedicated. I hoped it wasn't trouble, but in my experience people don't try that hard when the news is good. I touched my fingers gingerly to the back of my head. It hurt plenty, but that deep, sick ache seemed to be gone. And there was no blood on my fingers when I looked at them. I padded down the hall and picked up the phone. ‘Hello?' ‘Well, you won't have to worry about testifyin at the kid's custody hearin anymore, at least.' ‘Bill?' ‘Ayuh.' ‘How did you know . . . ‘ I leaned around the corner and peered at the waggy, annoying cat-clock. Twenty minutes past seven and already sweltering. Hotter'n a bugger, as us TR Martians like to say. ‘How do you know he decided ‘ ‘I don't know nothing about his business one way or t'other.' Bill sounded touchy. ‘He never called to ask my advice, and I never called to give him any.' ‘What's happened? What's going on?' ‘You haven't had the TV on yet?' ‘I don't even have the coffee on yet.' No apology from Bill; he was a fellow who believed that people who didn't get up until after six A.M. deserved whatever they got. I was awake now, though. And had a pretty good idea of what was coming. ‘Devore killed himself last night, Mike. Got into a tub of warm water and pulled a plastic bag over his head. Mustn't have taken long, with his lungs the way they were.' No, I thought, probably not long. In spite of the humid summer heat that already lay on the house, I shivered. ‘Who found him? The woman?' ‘Ayuh, sure.' ‘What time?' †'Shortly before midnight,†Ã¢â‚¬Ëœ they said on the Channel 6 news.' Right around the time I had awakened on the couch and taken myself stiffly off to bed, in other words. ‘Is she implicated?' ‘Did she play Kevorkian, you mean? The news report I saw didn't say nothin about that. The gossip-mill down to the Lakeview General will be turnin brisk by now, but I ain't been down yet for my share of the grain. If she helped him, I don't think she'll ever see trouble for it, do you? He was eighty-five and not well.' ‘Do you know if he'll be buried on the TR?' ‘California. She said there'd be services in Palm Springs on Tuesday.' A sense of surpassing oddness swept over me as I realized the source of Mattie's problems might be lying in a chapel filled with flowers at the same time The Friends of Kyra Devore were digesting their lunches and getting ready to start throwing the Frisbee around. It's going to be a celebration, I thought wonderingly. I don't know how they're going to handle it in The Little Chapel of the Microchips in Palm Springs, but on Wasp Hill Road they're going to be dancing and throwing their arms in the sky and hollering Yes, lawd. I'd never been glad to hear of anyone's death before in my life, but I was glad to hear of Devore's. I was sorry to feel that way, but I did. The old bastard had dumped me in the lake . . . but before the night was over, he was the one who had drowned. Inside a plastic bag he had drowned, sitting in a tub of tepid water. ‘Any idea how the TV guys got onto it so fast?' It wasn't superfast, not with seven hours between the discovery of the body and the seven o'clock news, but TV news people have a tendency to be lazy. ‘Whitmore called em. Had a press conference right there in Warrington's parlor at two o'clock this morning. Took questions settin on that big maroon plush sofa, the one Jo always used to say should be in a saloon oil paintin with a naked woman lyin on it. Remember?' ‘Yeah.' ‘I saw a coupla County deputies walkin around in the background, plus a fella I reckonized from Jaquard's Funeral Home in Motton.' ‘That's bizarre,' I said. ‘Ayuh, body still upstairs, most likely, while Whitmore was runnin her gums . . . but she claimed she was just followin the boss's orders. Said he left a tape sayin he'd done it on Friday night so as not to affect the cump'ny stock price and wanted Rogette to call in the press right off and assure folks that the cump'ny was solid, that between his son and the Board of Directors, everythin was going to be just acey-deucey. Then she told about the services in Palm Springs.' ‘He commits suicide, then holds a two A.M. press conference by proxy to soothe the stockholders.' ‘Ayuh. And it sounds just like him.' A silence fell between us on the line. I tried to think and couldn't. All I knew was that I wanted to go upstairs and work, aching head or no aching head. I wanted to rejoin Andy Drake, John Shackleford, and Shackleford's childhood friend, the awful Ray Garraty. There was madness in my story, but it was a madness I understood. ‘Bill,' I said at last, ‘are we still friends?' ‘Christ, yes,' he said promptly. ‘But if there's people around who seem a little stand-offy to you, you'll know why, won't you?' Sure I'd know. Many would blame the old man's death on me. It was crazy, given his physical condition, and it would by no means be a majority opinion, but the idea would gain a certain amount of credence, at least in the short run I knew that as well as I knew the truth about John Shackleford's childhood friend. Kiddies, once upon a time there was a goose that flew back to the little unincorporated township where it had lived as a downy gosling. It began laying lovely golden eggs, and the townsfolk all gathered around to marvel and receive their share. Now, however, that goose was cooked and someone had to take the heat. I'd get some, but Mattie's kitchen might get a few degrees toastier than mine; she'd had the temerity to fight for her child instead of silently handing Ki over. ‘Keep your head down the next few weeks,' Bill said. ‘That'd be my idea. In fact, if you had business that took you right out of the TR until all this settles down, that might be for the best.' ‘I appreciate the sense of what you're saying, but I can't. I'm writing a book. If I pick up my shit and move, it's apt to die on me. It's happened before, and I don't want it to happen this time.' ‘Pretty good yarn, is it?' ‘Not bad, but that's not the important thing. It's . . . well, let's just say this one's important to me for other reasons.' ‘Wouldn't it travel as far as Derry?' ‘Are you trying to get rid of me, William?' ‘I'm tryin to keep an eye out, that's all caretakin's my job, y'know. And don't say you weren't warned: the hive's gonna buzz. There's two stories going around about you, Mike. One is that you're shacking with Mattie Devore. The other is that you came back to write a hatchet-job on the TR. Pull out all the old skeletons you can find.' ‘Finish what Jo started, in other words. Who's been spreading that story, Bill?' Silence from Bill. We were back on earthquake ground again, and this time that ground felt shakier than ever. ‘The book I'm working on is a novel,' I said. ‘Set in Florida.' ‘Oh, ayuh?' You wouldn't think three little syllables could have so much relief in them. ‘Think you could kind of pass that around?' ‘I think I could,' he said. ‘If you tell Brenda Meserve, it'd get around even faster and go even farther.' ‘Okay, I will. As far as Mattie goes ‘ ‘Mike, you don't have to' ‘I'm not shacking with her. That was never the deal. The deal was like walking down the street, turning the corner, and seeing a big guy beating up a little guy.' I paused. ‘She and her lawyer are planning a barbecue at her place Tuesday noon. I'm planning to join them. Are people from town going to think we're dancing on Devore's grave?' ‘Some will. Royce Merrill will. Dickie Brooks will. Old ladies in pants, Yvette calls em.' ‘Well fuck them,' I said. ‘Every last one.' ‘I understand how you feel, but tell her not to shove it in folks' faces,' he almost pleaded. ‘Do that much, Mike. It wouldn't kill her to drag her grill around back of her trailer, would it? At least with it there, folks lookin out from the store or the garage wouldn't see nothing but the smoke.' ‘I'll pass on the message. And if I make the party, I'll put the barbecue around back myself.' ‘You'd do well to stay away from that girl and her child,' Bill said. ‘You can tell me it's none of my business, but I'm talkin to you like a Dutch uncle, tellin you for your own good.' I had a flash of my dream then. The slick, exquisite tightness as I slipped inside her. The little breasts with their hard nipples. Her voice in the darkness, telling me to do what I wanted. My body responded almost instantly. ‘I know you are,' I said. ‘All right.' He sounded relieved that I wasn't going to scold him take him to school, he would have said. ‘I'll let you go n have your breakfast.' ‘I appreciate you calling.' ‘Almost didn't. Yvette talked me into it. She said, â€Å"You always liked Mike and Jo Noonan best of all the ones you did for. Don't you get in bad with him now that he's back home.† ‘Tell her I appreciate it,' I said. I hung up the phone and looked at it thoughtfully. We seemed to be on good terms again . . . but I didn't think we were exactly friends. Certainly not the way we had been. That had changed when I realized Bill was lying to me about some things and holding back about others; it had also changed when I realized what he had almost called Sara and the Red-Tops. You can't condemn a manor what may only be a figment of your own imagination. True, and I'd try not to do it . . . but I knew what I knew. I went into the living room, snapped on the TV, then snapped it off again. My satellite dish got fifty or sixty different channels, and not a one of them local. There was a portable TV in the kitchen, however, and if I dipped its rabbit-ears toward the lake I'd be able to get WMTW, the ABC affiliate in western Maine. I snatched up Rogette's note, went into the kitchen, and turned on the little Sony tucked under the cabinets with the coffee-maker. Good Morning America was on, but they would be breaking for the local news soon. In the meantime I scanned the note, this time concentrating on the mode of expression rather than the message, which had taken all of my attention the night before. Hopes to return to California by private jet very soon, she had written. Has business which can be put off no longer, she had written. If you promise to let him rest in peace, she had written. It was a goddam suicide note. ‘You knew,' I said, rubbing my thumb over the raised letters of her name. ‘You knew when you wrote this, and probably when you were chucking rocks at me. But why?' Custody has its responsibilities, she had written. Don't forget he said so. But the custody business was over, right? Not even a judge that was bought and paid for could award custody to a dead man. GMA finally gave way to the local report, where Max Devore's suicide was the leader. The TV picture was snowy, but I could see the maroon sofa Bill had mentioned, and Rogette Whitmore sitting on it with her hands folded composedly in her lap. I thought one of the deputies in the background was George Footman, although the snow was too heavy for me to be completely sure. Mr. Devore had spoken frequently over the last eight months of ending his life, Whitmore said. He had been very unwell. He had asked her to come out with him the previous evening, and she realized now that he had wanted to look at one final sunset. It had been a glorious one, too, she added. I could have corroborated that; I remembered the sunset very well, having almost drowned by its light. Rogette was reading Devore's statement when my phone rang again. It was Mattie, and she was crying in hard gusts. ‘The news,' she said, ‘Mike, did you see . . . do you know . . . ‘ At first that was all she could manage that was coherent. I told her I did know, Bill Dean had called me and then I'd caught some of it on the local news. She tried to reply and couldn't speak. Guilt, relief, horror, even hilarity I heard all those things in her crying. I asked where Ki was. I could sympathize with how Mattie felt until turning on the news this morning she'd believed old Max Devore was her bitterest enemy but I didn't like the idea of a three-year-old girl watching her mom fall apart. ‘Out back,' she managed. ‘She's had her breakfast. Now she's having a d-doll p-p-p . . . doll pi-p-pic ‘ ‘Doll picnic. Yes. Good. Let it go, then. All of it. Let it out.' She cried for two minutes at least, maybe longer. I stood with the telephone pressed to my ear, sweating in the July heat, trying to be patient. I'm going to give you one chance to save your soul, Devore had told me, but this morning he was dead and his soul was wherever it was. He was dead, Mattie was free, I was writing. Life should have felt wonderful, but it didn't. At last she began to get her control back. ‘I'm sorry. I haven't cried like that really, really cried since Lance died.' ‘It's understandable and you're allowed.' ‘Come to lunch,' she said. ‘Come to lunch please, Mike. Ki's going to spend the afternoon with a friend she met at Vacation Bible School, and we can talk. I need to talk to someone . . . God, my head is spinning. Please say you'll come.' ‘I'd love to, but it's a bad idea. Especially with Ki gone.' I gave her an edited version of my conversation with Bill Dean. She listened carefully. I thought there might be an angry outburst when I finished, but I'd forgotten one simple fact: Mattie Stanchfield Devore had lived around here all her life. She knew how things worked. ‘I understand that things will heal quicker if I keep my eyes down, my mouth shut, and my knees together,' she said, ‘and I'll do my best to go along, but diplomacy only stretches so far. That old man was trying to take my daughter away, don't they realize that down at the goddam general store?' ‘I realize it.' ‘I know. That's why I wanted to talk to you.' ‘What if we had an early supper on the Castle Rock common? Same place as Friday? Say five-ish?' ‘I'd have to bring Ki ‘ ‘Fine,' I said. ‘Bring her. Tell her I know â€Å"Hansel and Gretel† by heart and am willing to share. Will you call John in Philly? Give him the details?' ‘Yes. I'll wait another hour or so. God, I'm so happy. I know that's wrong, but I'm so happy I could burst!' ‘That makes two of us.' There was a pause on the other end. I heard a long, watery intake of breath. ‘Mattie? All right?' ‘Yes, but how do you tell a three-year-old her grandfather died?' Tell her the old fuck slipped and fell headfirst into a Glad Bag, I thought, then pressed the back of my hand against my mouth to stifle a spate of lunatic cackles. ‘I don't know, but you'll have to do it as soon as she comes in.' ‘I will? Why?' ‘Because she's going to see you. She's going to see your face.' I lasted exactly two hours in the upstairs study, and then the heat drove me out the thermometer on the stoop read ninety-five degrees at ten o'clock. I guessed it might be five degrees warmer on the second floor. Hoping I wasn't making a mistake, I unplugged the IBM and carried it downstairs. I was working without a shirt, and as I crossed the living room, the back of the typewriter slipped in the sweat coating my midriff and I almost dropped the outdated sonofabitch on my toes. That made me think of my ankle, the one I'd hurt when I fell into the lake, and I set the typewriter aside to look at it. It was colorful, black and purple and reddish at the edges, but not terribly inflated. I guessed my immersion in the cool water had helped keep the swelling down. I put the typewriter on the deck table, rummaged out an extension cord, plugged in beneath Bunter's watchful eye, and sat down facing the hazy blue-gray surface of the lake. I waited for one of my old anxiety attacks to hit the clenched stomach, the throbbing eyes, and, worst of all, that sensation of invisible steel bands clamped around my chest, making it impossible to breathe. Nothing like that happened. The words flowed as easily down here as they had upstairs, and my naked upper body was loving the little breeze that puffed in off the lake every now and again. I forgot about Max Devore, Mattie Devore, Kyra Devore. I forgot about Jo Noonan and Sara Tidwell. I forgot about myself. For two hours I was back in Florida. John Shackleford's execution was nearing. Andy Drake was racing the clock. It was the telephone that brought me back, and for once I didn't resent interruption. If undisturbed, I might have gone on writing until I simply melted into a sweaty pile of goo on the deck. It was my brother. We talked about Mom in Siddy's opinion she was now short an entire roof instead of just a few shingles and her sister, Francine, who had broken her hip in June. Sid wanted to know how I was doing, and I told him I was doing all right, I'd had some problems getting going on a new book but now seemed to be back on track (in my family, the only permissible time to discuss trouble is when it's over). And how was the Sidster? Kickin, he said, which I assumed meant just fine Siddy has a twelve-year-old, and consequently his slang is always up-to-date. The new accounting business was starting to take hold, although he'd been scared for awhile (first I knew of it, of course). He could never thank me enough for the bridge loan I'd made him last November. I replied that it was the least I could do, which was the absolute truth, especially when I considered how much more time both in person and on the phone he spent with our mother than I did. ‘Well, I'll let you go,' Siddy told me after a few more pleasantries he never says goodbye or so long when he's on the phone, it's always well, I'll let you go, as if he's been holding you hostage. ‘You want to keep cool up there, Mike Weather Channel says it's going to be hotter than hell in New England all weekend.' ‘There's always the lake if things get too bad. Hey Sid?' ‘Hey what?' Like I'll let you go, Hey what went back to childhood. It was sort of comforting; it was also sort of spooky. ‘Our folks all came from Prout's Neck, right? I mean on Daddy's side.' Mom came from another world entirely one where the men wear Lacoste polo shirts, the women always wear full slips under their dresses, and everyone knows the second verse of ‘Dixie' by heart. She had met my dad in Portland while competing in a college cheerleading event. Materfamilias came from Memphis quality, darling, and didn't let you forget it. ‘I guess so,' he said. ‘Yeah. But don't go asking me a lot of family-tree questions, Mike I'm still not sure what the difference is between a nephew and a cousin, and I told Jo the same thing.' ‘Did you?' Everything inside me had gone very still . . . but I can't say I was surprised. Not by then. ‘Uh-huh, you bet.' ‘What did she want to know?' ‘Everything I knew. Which isn't much. I could have told her all about Ma's great-great-grandfather, the one who got killed by the Indians, but Jo didn't seem to care about any of Ma's folks.' ‘When would this have been?' ‘Does it matter?' ‘It might.' ‘Okay, let's see. I think it was around the time Patrick had his appendectomy. Yeah, I'm sure it was. February of '94. It might have been March, but I'm pretty sure it was February.' Six months from the Rite Aid parking lot. Jo moving into the shadow of her own death like a woman stepping beneath the shade of an awning. Not pregnant, though, not yet. Jo making day-trips to the TR. Jo asking questions, some of the sort that made people feel bad, according to Bill Dean . . . but she'd gone on asking just the same. Yeah. Because once she got onto something, Jo was like a terrier with a rag in its jaws. Had she been asking questions of the man in the brown sportcoat? Who was the man in the brown sportcoat? ‘Pat was in the hospital, sure. Dr. Alpert said he was doing fine, but when the phone rang I jumped for it I half-expected it to be him, Alpert, saying Pat had had a relapse or something.' ‘Where in God's name did you get this sense of impending doom, Sid?' ‘I dunno, buddy, but it's there. Anyway, it's not Alpert, it's Johanna. She wants to know if we had any ancestors three, maybe even four generations back who lived there where you are, or in one of the surrounding towns. I told her I didn't know, but you might. Know, I mean. She said she didn't want to ask you because it was a surprise. Was it a surprise?' ‘A big one,' I said. ‘Daddy was a lobsterman ‘ ‘Bite your tongue, he was an artist ‘a seacoast primitive.' Ma still calls him that.' Siddy wasn't quite laughing. ‘Shit, he sold lobster-pot coffee-tables and lawn-puffins to the tourists when he got too rheumatic to go out on the bay and haul traps.' ‘I know that, but Ma's got her marriage edited like a movie for television.' How true. Our own version of Blanche Du Bois. ‘Dad was a lobster-man in Prout's Neck. He ‘ Siddy interrupted, singing the first verse of ‘Papa Was a Rollin' Stone' in a horrible off key tenor. ‘Come on, this is serious. He had his first boat from his father, right?' ‘That's the story,' Sid agreed. ‘Jack Noonan's Lazy Betty, original owner Paul Noonan. Also of Prout's. Boat took a hell of a pasting in Hurricane Donna, back in 1960. I think it was Donna.' Two years after I was born. ‘And Daddy put it up for sale in '63.' ‘Yep. I don't know whatever became of it, but it was Grampy Paul's to begin with, all right. Do you remember all the lobster stew we ate when we were kids, Mikey?' ‘Seacoast meatloaf,' I said, hardly thinking about it. Like most kids raised on the coast of Maine, I can't imagine ordering lobster in a restaurant that's for flatlanders. I was thinking about Grampy Paul, who had been born in the 1890s. Paul Noonan begat Jack Noonan, Jack Noonan begat Mike and Sid Noonan, and that was really all I knew, except the Noonans had all grown up a long way from where I now stood sweating my brains out. They shit in the same pit. Devore had gotten it wrong, that was all when we Noonans weren't wearing polo shirts and being Memphis quality, we were Prout's Neckers. It was unlikely that Devore's great-grandfather and my own would have had anything to do with each other in any case; the old rip had been twice my age, and that meant the generations didn't match up. But if he had been totally wrong, what had Jo been on about? ‘Mike?' Sid asked. ‘Are you there?' ‘Yeah.' ‘Are you okay? You don't sound so great, I have to tell you.' ‘It's the heat,' I said. ‘Not to mention your sense of impending doom. Thanks for calling, Siddy.' ‘Thanks for being there, brother.' ‘Kickin,' I said. I went out to the kitchen to get a glass of cold water. As I was filling it, I heard the magnets on the fridge begin sliding around. I whirled, spilling some of the water on my bare feet and hardly noticing. I was as excited as a kid who thinks he may glimpse Santa Claus before he shoots back up the chimney. I was barely in time to see nine plastic letters drawn into the circle from all points of the compass. CARLADEAN, they spelled . . . but only for a second. Some presence, tremendous but unseen, shot past me. Not a hair on my head stirred, but there was still a strong sense of being buffeted, the way you're buffeted by the air of a passing express train if you're standing near the platform yellow-line when the train bolts through. I cried out in surprise and groped my glass of water back onto the counter, spilling it. I no longer felt in need of cold water, because the temperature in the kitchen of Sara Laughs had dropped off the table. I blew out my breath and saw vapor, as you do on a cold day in January. One puff, maybe two, and it was gone but it had been there, all right, and for perhaps five seconds the film of sweat on my body turned to what felt like a slime of ice. CARLADEAN exploded outward in all directions it was like watching an atom being smashed in a cartoon. Magnetized letters, fruits, and vegetables flew off the front of the refrigerator and scattered across the kitchen. For a moment the fury which fuelled that scattering was something I could almost taste, like gunpowder. And something gave way before it, going with a sighing, rueful whisper I had heard before: ‘Oh Mike. Oh Mike.' It was the voice I'd caught on the Memo-Scriber tape, and although I hadn't been sure then, I was now it was Jo's voice. But who was the other one? Why had it scattered the letters? Carla Dean. Not Bill's wife; that was Yvette. His mother? His grandmother? I walked slowly through the kitchen, collecting fridge-magnets like prizes in a scavenger hunt and sticking them back on the Kenmore by the handful. Nothing snatched them out of my hands; nothing froze the sweat on the back of my neck; Bunter's bell didn't ring. Still, I wasn't alone, and I knew it. CARLADEAN: Jo had wanted me to know. Something else hadn't. Something else had shot past me like the Wabash Cannonball, trying to scatter the letters before I could read them. Jo was here; a boy who wept in the night was here, too. And what else? What else was sharing my house with me?