Who was St. Patrick and why is his day celebrated on March 17?

first_imgSt. Patrick’s Day is a national holiday in the Republic of Ireland, since this saint is the patron of the country. A holiday celebrated on March 17, is of Catholic origin and has a special meaning for the people of Éire and the Celtic culture. But who was it and why is St. Patrick celebrated this day?The first thing to know is that St. Patrick is neither holy, nor was his name Patrick, nor was he originally from Ireland. This man, who has never been officially canonized by the church, was called Maewyn Succat, was born in 385 in what is now Scotland and was the son of a cleric and Roman officer. Throughout his life, he himself was reflecting the events that occurred in a series of writings and thanks to this he can be known for everything that happened until he became the figure venerated by the Irish.Maewyn’s history with the country of which he would be patron is born at age 16, at which time he was kidnapped by Celtic pirates who moved him from Scotland to the northwest coast of Ireland. At that time, the country was divided into independent tribes and there they sold him as a slave to a Druid. At the service of this teacher, the young man dedicated himself to caring for sheep and began to experience faith in God that would lead him to a new future.After six years of slavery, one night the young man dreamed that God revealed to him by showing the ship in which he had to flee the island. Maewyn walked about 300 kilometers along the Irish coast and when he finally found the ship that was supposed to move him, the captain of the latter refused to embark him given the shortage of money of the boy. It was his pleas that would convince the crew chief, which finally led him to French Brittany.Finally free, the young man delved into the Catholic faith and, first in Canes and then in Auxerre, where he was consecrated bishop and adopted the name of Patrick (meaning father of all citizens), he was preaching and evangelizing different people. From France he would undertake a trip to Rome in which he would meet Pope Celestine I, who would entrust him with the function of being a missionary in Ireland.Returning to the Emerald Island (Ireland is known for the number of green areas), Patrick began to preach the gospel by the various tribes in order to turn the heathen into Christians. It was in Down County where he spent much of this stage and in a barn, nowadays converted into a church in his honor, he began celebrating his masses. From there his word spread throughout the island while he founded new churches and brought together Catholic congregations. The feast of St. Patrick was chosen to extol the culture and values ​​of Ireland. Image: Reuters Thanks to all these actions, St. Patrick became the first person who preached Christianity for Ireland, a pagan land at the time and that today is the third country with more Catholics in the West, behind Italy and Spain. In addition, for his actions, he is credited with a symbol that has ended up linked to Irish culture. This is the three-leaf clover, an object that St. Patrick used to explain the Holy Trinity by assigning to each leaf one of the three divine personalities (Father, Son and Holy Spirit), something that was simple for the learning of the Irish. This plant is the one that symbolizes the saint and which has ended up becoming the country’s heritage along with the color green.St. Patrick died on March 17, 461 in Downpatrick (today in Northern Ireland) and there the Down Cathedral was built where his grave is located but not his relics, it is unknown where he was buried. It was this date of his death the one chosen in 1903 by the Irish nationalist leader, James O’Mara, to commemorate a public holiday in the country that would eventually become the massive National Day of the Republic of Ireland that is currently.Parades and parties of the worldBut St. Patrick’s Day is not originally from the country that welcomed the saint, but from the United States, where immigrants began celebrating it in the 18th century to keep Ireland’s roots alive. This population was increasing from the famine that affected Europe in the nineteenth century and today reaches 40 million Americans with Irish ancestors.Therefore, the American country has become the great exponent of Celtic culture and some of its cities have a society influenced by Ireland. In Boston there is a basketball team dedicated to the culture of the Emerald Island (Boston Celtics), in Chicago the river turns green when it approaches March 17 and in New York, a non-Irish city with more Irish people, the most famous and largest parade in the world for St. Patrick’s Day. Even the city cathedral is dedicated to Saint Patrick.As for Ireland, the first ride that took place on this day was in Dublin in 1931. However, it would not be until 1990, amid tensions between the Republic of Ireland, Northern Ireland and the United Kingdom, when it would host the crowd of people with whom the event is known in the 21st century. The government of the country saw on this date the perfect opportunity to promote nationalist symbols, traditional culture and the exaltation of Irish roots in the figure of St. Patrick.In addition, this March 17 monuments from around the world commemorate the saint’s holiday. Places like the One World Trade Center and the Empire State Building in New York, the London Eye in London, the Sydney Opera House, the Colosseum in Rome, the Great Wall of China, the Tower of Pisa or the statue of Christ the Redeemer in Rio de Janeiro they light up emerald green for the National Day of the Republic of Ireland.Spain is also a participant in the #OlaVerde from different parts of the country as it has been celebrating for other years. In Madrid the City Hall, the Puerta de Alcalá and the Cibeles Fountain are illuminated, in A Coruña, the Celtic city par excellence of Spain, the Tower of Hercules, in Seville the Glorieta de Don Juan de Austria and in Tenerife the Plaza de España. They debut in this play of lights: Barcelona, ​​Santander, Malaga, Zaragoza, Murcia, Cáceres, Valladolid and Tarragona.center_img St. Patrick was born in Scotland, his name was Maewyn and he was never canonizedHe used a clover to explain Christianity and the Holy TrinityThe holiday was spread by Irish immigrants in the USlast_img read more

Black Knight Reports Q1 2018 Financial Results

first_imgFlorida-based Black Knight, Inc., a provider of software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital markets verticals, announced unaudited financial results for the first quarter ended March 31, 2018.Revenues for the first quarter of 2018 increased 5 percent to $270.3 million from $258.1 million in the prior-year quarter. Net earnings attributable to Black Knight for the first quarter of 2018 were $42.7 million, or $0.29 per diluted share, compared to $12.2 million, or $0.18 per diluted share, in the prior-year quarter.Adjusted Revenues for the first quarter of 2018 increased 5 percent to $271.2 million from $259.5 million in the prior-year quarter. Adjusted Net Earnings for the first quarter of 2018 increased 42 percent to $64.1 million, or $0.43 per diluted share, compared to $45.3 million, or $0.30 per diluted share, prior-year year quarter.Adjusted EBITDA for the first quarter of 2018 increased 9 percent to $129.9 million from $119.4 million in the prior-year quarter. Adjusted EBITDA Margin was 47.9 percent, an increase of 190 basis points compared to the prior-year quarter.Black Knight Executive Chairman Bill Foley said, “We had a solid start to 2018, as we delivered Adjusted Revenues growth of 5 percent and Adjusted EBITDA growth of 9 percent, which drove margin expansion of 190 basis points. Our first quarter results reflect our continued focus on driving organic growth through cross-sell, adding new clients and the delivery of innovative solutions. The underlying fundamentals of our business remain strong, and we are on course to achieve the financial targets we have set for 2018.”Foley continued, “On behalf of the board of directors, we are excited to welcome Anthony Jabbour to Black Knight as Chief Executive Officer. I am confident that the extensive experience and skills he brings to the company will drive our future success, and we look forward to his leadership.”Black Knight CEO Anthony Jabbour added, “It is a privilege to join the Black Knight team and I am excited about where this company is today and where I believe it can be in the years to come. The unique blend of industry-leading solutions, exceptional client partnerships and an employee base with deep industry knowledge lead me to believe that Black Knight is well positioned to continue its successes on all fronts.”Definitions of non-GAAP financial measures and the reconciliations to related GAAP measures are provided in subsequent sections of the press release narrative and supplemental schedules. Black Knight has not provided a reconciliation of forward-looking Adjusted Net Earnings Per Share and Adjusted EBITDA to the most directly comparable GAAP financial measures, due primarily to variability and difficulty in making accurate forecasts and projections of non-operating matters that may arise, as not all of the information necessary for a quantitative reconciliation is available to Black Knight without unreasonable effort.Segment InformationSoftware SolutionsAdjusted Revenues for the first quarter of 2018 increased 5 percent to $233.6 million from $223.1 million in the prior-year quarter. Our servicing software business had Adjusted Revenues growth of 7 percent, primarily driven by strong loan growth on our core servicing software solution from new and existing clients, price increases and new client wins. In our origination software business, Adjusted Revenues declined 4 percent as increased professional services and new client wins were more than offset by lower Exchange volumes as a result of the 14 percent decline in refinancing originations as reported by the Mortgage Bankers Association and client contract termination fees in the prior-year quarter. Adjusted EBITDA increased 9 percent to $136.8 million from $125.4 million, with an Adjusted EBITDA Margin of 58.6 percent, an increase of 240 basis points compared to the prior-year quarter.Data and AnalyticsAdjusted Revenues for the first quarter of 2018 increased 3 percent to $37.6 million from $36.4 million in the prior year quarter primarily driven by growth in our multiple listing service business and increased volumes in our tax and title data businesses. Adjusted EBITDA was $8.6 million compared to $6.9 million in the prior-year quarter, with an Adjusted EBITDA Margin of 22.9 percent, an increase of 390 basis points compared to the prior-year quarter.Share Repurchase ProgramDuring the first quarter of 2018, we repurchased 3.0 million shares of common stock for $141.5 million, or an average price of $47.15 per share. As of March 31, 2018, we had approximately 3.8 million shares remaining under our share repurchase authorization.Segment RealignmentOn January 1, 2018, we realigned the composition of our two reportable segments. Certain enterprise business intelligence offerings in our Data and Analytics segment were moved to our Software Solutions segment (the “Segment Realignment”). This change aligns with our go-to-market strategy and with the internal management of our business operations, including the allocation of resources and assessment of performance. Prior-period results have been reclassified to reflect the Segment Realignment.Balance SheetAs of March 31, 2018, we had cash and cash equivalents of $9.9 million and debt of $1,502.6 million. As of March 31, 2018, we had available capacity of $363.5 million on our revolving credit facility.Business OutlookThe following forward-looking statements reflect Black Knight’s expectations as of today’s date. Given the number of risk factors, uncertainties, and assumptions discussed below, actual results may differ materially. Black Knight does not intend to update its forward-looking statements until its next quarterly results announcement, other than in publicly available statements.Black Knight’s full-year 2018 outlook is as follows:Revenues are expected to be in the range of $1,102 million to $1,122 million.Adjusted Revenues are expected to be in the range of $1,105 million to $1,125 million.Adjusted Net Earnings Per Share is expected to be in the range of $1.73 to $1.81.Adjusted EBITDA is expected to be in the range of $530 million to $545 million.Earnings Conference Call and Audio WebcastBlack Knight will host a conference call to discuss the first quarter 2018 financial results on May 7, 2018, at 5:00 p.m. ET. The conference call can be accessed live over the phone by dialing (877) 407-4018, or for international callers (201) 689-8471. A replay will be available from 8:00 p.m. ET on May 7, 2018, through May 14, 2018, and can be accessed by dialing (844) 512-2921, or for international callers (412) 317-6671, and entering replay passcode 13679141.The call will also be webcast live from Black Knight’s investor relations website at http://investor.bkfs.com. Following completion of the call, a recorded replay of the webcast will be available on the website. Black Knight Financial Results Q1 2018 2018-05-13 David Wharton May 13, 2018 572 Views Black Knight Reports Q1 2018 Financial Resultscenter_img in Headlines, journal, News Sharelast_img read more