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The First General Council of the Vatican

For three hundred years, the seat of the General Councils had remained still and as the world progressed into a more technologically advanced society, calling many bishops to join in one location for a General Council had become a much easier prospect. With the system of railways which now extended throughout Europe and the Atlantic passage being shortened to that of a few days, the meeting of the bishops would be much simpler now.

Pope Pius IX Calls a General Council Under the Bull Aeterni Patris

On June 29, 1868, Pope Pius IX released his papal bull, Aeterni Patris, summoning all the bishops to a General Council. The purpose of this council, according to his bull, was to “restate the faith in certain matters where it had been attacked or misunderstood; to review the whole matter of clerical life and its needs; to provide new safeguards for Christian marriage and the Christian education of youth; and . . . to promote peace and prosperity in the national life everywhere.” The Church in Crisis: A History of the General Councils, 325 – 1870 – By Philip Hughes

But what the council is remembered for and will always be remembered for is the final declaration determining papal infallibility in matters regarding to the faith or morals

There was a great deal of dissent on this issue, many bishops disagreed either with the concept itself or the timing of the proclamation. Obviously, the Protestant Reformation had changed the entire landscape of the church and such a proclamation could make matters worse. But it went ahead as planned and the doctrine of Pastor Aeternus was passed despite a lot of hesitation and concerns.

Other Issues Resolved in the First General Council of the Vatican

Much was done in this General Council, so it is only possible to summarize the doctrines which were formally defined.

God was defined as the Creator of all things and it was defined as an error to deny one true God. Revelation was defined as something which can be known by the natural light of human reason but can also be taught by extraordinary divine intervention. Faith was defined in a manner stating that God may juxtapose understanding upon someone within the context of their own human reason. And it was stated that it would be an error to believe that within the context of divine revelation there remain no mysteries and that all things can be understood by simple human reason. In essence, faith is essential and divine revelation needful for the mysteries of God to be known in an individual soul.

The General Council of Trent, 1545-63 A.D.

The Second General Council of the Vatican, 1963-65 A.D.

Sources: The Church in Crisis: A History of the General Councils, 325 – 1870 – By Philip Hughes, The General Councils: A History of the Twenty-One Church Councils from Nicaea to Vatican IIBy Christopher M. Bellito, The Documents of Vatican II – By Walter M. Abbott, S.J. and the Very Reverend Monsignor Joseph Gallagher, A Short History of Christian Doctrine: From the First Century to the Present – By Bernard Lohse, The Reform of the Liturgy – Annibale Bugnini, www.catholicdigitalstudio.com/councils.htm

The Fourth General Council of the Lateran

Pope Innocent III, the Pope to reign over the Fourth General Council of the Lateran, was known for many things, the council only one of them. After following a series of five aged popes who died quickly in succession between 1179 and 1198, Pope Innocent III was only 37 years old and would reign for 18 years. Those 18 years would be considered among the highest peaks of papal power. But there is another reason Innocent III will never be forgotten.

The Historical Time of Pope Innocent III

Two great saints emerged during Pope Innocent III reign, Dominic and St. Francis, both of whom would start two of the greatest orders that still reign supreme today – the Dominicans and the Franciscans. The story of Pope Innocent III’s meeting with St. Francis is legendary, because he recognized St. Francis only after having a dream.

Declarations about the Fourth General Council of the Lateran

Innocent III declared that the two primary jobs which lay before him in his pontificate were the recovery of the Holy Lane – the crusades continued in great force – and the reform of Catholic Life. This would be the foundation of the 70 canons agreed to during this General Council.

Innocent the III is considered on par with Alexander the III, who came before him in the formation of canon law and the systems which eventually evolved from them.

Manichaeanisn and Albigensianism, Heresies of the Day

Manichaean cosmology believed in two supreme beings which ruled the earth, one evil and one good. All things regarding the material world, in their view, were evil. Therefore, they embraced a very ascetic life where they tried to avoid contact with matter. This manifested in food, property and sex. Marriage was enslavement. They even had rather odd rituals involving starving themselves to death to make them worthy of the kingdom of heaven.

Albigensians were not that far removed from the Manichaeans, and neither were very far removed from Gnosticism and what became Cathar belief. Their cosmologies were complex, but the primary reason for their popularity was the perception of the Catholic Clergy as having lost its way, corruption, etc.

Innocent III fought hard to change these perceptions and was successful during the Fourth General Council of the Lateran, the 12th General Council.

Seventy Canons Introduced

Among the 70 canons introduced included a new confession faith, canons involving the dealing of heretics, the dignity of patriarchal sees, yearly provincial councils, inquests, on the appointment of priests and schoolmasters, a prohibition against new religious orders, clerical incontinence, gluttony, drunkenness or lack of decorum. Clerics were forbidden to participate in soldiering, the introduction of locking up the chrism and Eucharist in churches, the introduction of yearly confession and communion, the seal of confession wherein the penitent could be assured of absolute secrecy was made canon law, numerous new procedures introduced to insure the proper training of the priesthood, and among others, rules were established in the handling and passing on of the relics of the saints.

It was thorough and much was achieved, and it is considered the first council to really solidify the church, the canons, the teachings, and the future of the Catholic Faith.

The Third General Council of the Lateran, 1179 A.D.

The First General Council of Lyons, 1245 A.D.

Sources: The Church in Crisis: A History of the General Councils, 325 – 1870 – By Philip Hughes, The General Councils: A History of the Twenty-One Church Councils from Nicaea to Vatican IIBy Christopher M. Bellito, The Documents of Vatican II – By Walter M. Abbott, S.J. and the Very Reverend Monsignor Joseph Gallagher, A Short History of Christian Doctrine: From the First Century to the Present – By Bernard Lohse, The Reform of the Liturgy – Annibale Bugnini, www.catholicdigitalstudio.com/councils.htm

Microsoft Dynamics GP Modifications – overview Microsoft

Dynamics GP Modification, Customization, Custom development, Reporting and Scripting overview.

Microsoft Great Plains or Microsoft Dynamics GP currently version 9.0 has variety of customization tools. General directions for so-called Project Green or Microsoft Dynamics project expose more Microsoft Dynamics GP business logic to be modified in .Net

... by Visual Studio developer in C# or VB. eConnect, originally created for Microsoft Great Plains eCommerce developers will be expanding the number of Microsoft Dynamics GP object in its scope, plus web services will allow to resolve eConnect objects for .Net developer. When we are talking about modifications, we think about light custom pieces, when older tools, such as Microsoft Dexterity or Modifier with VBA (this one seems to be in phasing out mode, so you need to make your judging prior to coding), Report Writer (reports with light possible Dexterity modifications) and new tools such as Extender. Let’s come through the tools one-by-one

  • Microsoft Dexterity. This tool can help you with small adjustments as well as will huge customizations for Microsoft Great Plains. Dexterity however requires programmer with some experience, because it is unique for Great Plains and not wide spread on the market as Visual Basic, for example. Dexterity customization is usually done for DYNAMICS.DIC dictionary in Sanscript scripting language, you modify existing Dex forms (such as SOP Entry, making it alternate form) or create new Dexterity forms (preferred over modifying existing), then you extract your custom piece from DYNAMICS.DIC and distribute in the form of so-called “chink” file (*.CNK). The problems of using inexperienced programmer (who could learn as she/he goes) are multiple restrictions or rules, such as inability to change existing tables – you create new table instead, upgrade issues with existing customized forms, conception of Dex triggers, combining of dex and SQL Procedures logics, Dexterity source code availability and programming, etc.
  • Modifier with VBA. This tool is probably legacy now, because it is going out of the scenes with the advance of Microsoft .Net and VB.Net as the successor of old Visual Basics (which subset is VBA or Visual Basic for Applicatons). The idea is simple – Modifier uses Dexterity tool (user friendly restricted version of dex) to create so-called modified forms, where you can take off some fields, add new, change the name of existing, etc. Then you attach VBA scripts to the fields, especially new ones and so modify the logic of the form. Your customization is stored in DYNAMICS.VBA or custom dictionary with VBA extension. Again as we said above – you should think about longevity of your customization and its future.
  • Developer Toolkit. We suggest you to discover this tool on your own and enjoy. Please be sure, however – if you are MBS VAR and plan your modification as the product for the market – you should think about Dexterity, if you plan to extend fat client, or maybe eConnect directly – if you are thinking about modifications to Business Portal
  • Extender. Make your own discovery. We respect new tools and the efforts of MBS to design user or functional-consultant friendly modification tools, you should be ready to some restrictions, and they are understandable for the first versions of the module
  • ReportWriter modifications. In Great Plains Report Writer you can modify such important reports as SOP Invoice Long form, placing logo on itFind Article, to be the first idea. The technology of ReportWriter is Dexterity and you can use it intuitively or even add Dex finctions with rw_ prefics to be enabled in ReportWriter customization

Give us a call 1-866-528-0577 or help@albaspectrum.com if you need additional information or directions.

Morgan Stanley Federal Securities Probe Mortgage Derivative Deals

The global investment bank Morgan Stanley face informal federal scrutiny over its collateralized debt obligations (CDOs), bond-related derivative investments marketed to investor pools. While Morgan Stanley officials state they have not received a Wells notice from the SEC - which informs individuals and firms that the SEC staff plans to bring charges - the issue reportedly under an informal probe is whether Morgan Stanley misled investors by betting against CDO deals that it created.
Disclosure Standards to Derivative Investors

According to a 05/11/10 Wall Street Journal news report, the informal probe was originally initiated by the SEC investigators in 2009. The New York Times DealBook blog 05/12/10 reports that "traders have said that Morgan Stanley was involved in the selecting and selling of [CDOs] to investors," which Morgan Stanley also bet against in separate transactions without disclosing these parallel deals to CDO investors.

This informal probe comes on the heel of a similar probe and subsequent filing of civil charges against Goldman Sachs. The Goldman civil complaint involves mortgage-derivative transactions (the Abacus deal) and raises the issue of what is the legal standard of disclosure in securities transactions in the United States.
Morgan Stanley's "Dead Presidents" Deals

According to the WSJ report, the main Morgan Stanley deals under the federal probe were dubbed "Dead Presidents" by traders because the transactions were named after President Andrew Jackson and President James Buchanan. These pair of derivatives were valued at $200 million and tied to mortgage-backed securities that lost significant value during the U.S. mortgage crisis.

The so-called Dead Presidents deals were not marketed to clients by Morgan Stanley. Instead, Citigroup Inc. and UBS AG marketed and underwrote the derivatives to investors. This is slightly different than the Goldman Sachs facts, as Goldman reportedly directly marketed the Abacus deal that brought about the filing of a civil fraud lawsuit by federal securities prosecutors this year.
U.S. Investment Banks Undergo Increased CDO Scrutiny

"Every investment bank has been receiving subpoenas about CDOs and the marketing of CDOS," said Mark Lane, a William Blair analyst, to the WSJ. At the time of this report, Morgan Stanley Chief Executive James Gorman had not been contacted by the U.S. Department of Justice and made a public statement in Tokyo that Morgan Stanley has no "reason to believe that there is any substance behind any supposed investigation."

Federal criminal investigators must prove criminal securities charges beyond a reasonable doubt. The level of knowledge of an investment bank is important if such a burden of proof is to be proven in a court of law. It should be noted, however, that SEC informal probes do not always lead to filing of either civil or criminal securities charges.

References:

"U.S. Probes Morgan Stanley: Prosecutors Look at Mortgage Securities; Firms Say It Hasn't Been Contacted," by Amir Efrati, Susan Pulliam, Serena NG, and Aaron Lucchetti, The Wall Street Journal (May 11, 2010).
"Morgan Stanley Said to Face C.D.O. Scrutiny," DealBook blog edited by Andrew Ross Sorkin, The New York