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Birmingham summit provides sounding board for property

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Bernie Sanders is not a friend of Wall St, but he has fans there

first_img“I’m not Lloyd Blankfein — I work in a family owned business, I’m a small business guy. I see the health insurance bill every month,” said Wade Black, a founding member of Scarsdale Equities, an investment group.- Political diversity on Wall Street -The 45-year-old Black — who spoke to AFP at his office in Rockefeller Center in the heart of Manhattan — is a card-carrying Democrat who says he has moved farther left with age.And he believes that Wall Street is not as conservative as political legend would have it.”A lot of people who work on Wall Street are just salaried — they’re not overcompensated hedge fund managers. There are clerks and admin people,” Black said.”I’d be shocked if they didn’t reflect somewhat of the diversity of the political opinion that America has.”That opinion is shared by Dan Alpert, a 61-year-old co-founder of the New York investment bank Westwood Capital.”Wall Street has become younger. You don’t know what the young people are really thinking because they can’t talk — they’re muzzled,” Alpert said.”And those people who are left who are older are generally in the C suite or near C suite level and just humming the party line.”Alpert thinks that income inequality in America has helped Sanders’ underlying campaign platform to resonate, even in the world of finance.There are no polls that would indicate the percentage of those in banking and finance who support Sanders.But according to the Center for Responsive Politics, which tracks donations made by individuals and political action committees of $200 or more, Sanders has received $1.7 million from the finance, insurance and real estate sectors since he launched his 2020 campaign. Out of a total of $108 million, it’s not an insignificant amount, though it pales in comparison to the $4.4 million raised from the sectors by Indiana moderate Pete Buttigieg, or the $4.1 million raked in by Biden.Trump has taken in $2.7 million from the same sectors.However, Sanders has taken in virtually nothing from hedge funds, private investment groups or venture capital funds — he brags that most of his campaign is funded by small-time individual donors.Black says he sent about $400 to the Sanders campaign, and did it when he felt the senator was unfairly attacked.- Is he a threat to markets? -While Sanders regularly criticizes Wall Street and the world of high finance, bemoaning the whims of the “one percent” and championing the other 99 percent of Americans, his backers in the sector don’t feel targeted.”He’s talking about investment banking firms, the Goldmans and Bank of America of the world. They wield incredible power, more than they did in 2008″ at the time of the global financial crisis, says Black.Sanders’ platform calls for dismantling banks that are “too big to fail” and to end what he calls impunity for their leaders. For several American billionaires, these proposed reforms and others along the same lines could spark a market crash if Sanders wins the White House and makes good on his promises.”They said the same thing about Trump and the market actually did fall the day after the election — and then turned around,” Alpert says, calling the fears about Sanders “preposterous.”Topics : That would give him the right to take on Republican incumbent Donald Trump in November.Sanders’ plans to hike taxes on the wealthy and tighten government controls of the banking and finance sectors have certainly spooked New York’s finance leaders.Former Goldman Sachs chief Lloyd Blankfein has said Sanders is “as polarizing as Trump,” and billionaire hedge fund manager Leon Cooperman has called Sanders a “communist” who poses a bigger threat to the markets than the deadly new coronavirus epidemic.But others in the finance industry have welcomed the possibility of a Sanders presidency with enthusiasm. Democratic presidential frontrunner Bernie Sanders likes to take aim at Wall Street and everything it represents — big money, big power. But even in the world of New York finance, he has supporters.The self-described “democratic socialist” is riding high in the polls — the latest national average offered by RealClearPolitics puts him a full 10 points in front of former vice president Joe Biden at 27.8 percent. And some pundits are saying that if the 78-year-old senator from Vermont continues to do well, he might have an insurmountable lead in terms of delegates by Super Tuesday on March 3. last_img read more

Mandate roundup: Dorset County, Wiltshire Pension Fund, Loomis Sayles

first_imgAsset managers should have a minimum three-year track record with £1bn in the strategy or pooled fund. Segregated mandates will be considered.The smart-beta strategy, Dorset said, should be factor based or a fundamental strategy, also with no exposure to emerging markets.Likewise, asset managers should have £1bn in the strategy or fund, with a three-year track record.The fund has a target 22% allocation to global equities in developed markets, its second-highest allocation after the UK equity market.Dorset forms part of the Hermes Infrastructure investment fund, which recently took stakes in Continental rail operator Eurostar and UK ports operator Associated British Ports.In other news, the Wiltshire Pension Fund has appointed Loomis Sayles to manage its £200m diversified fixed income portfolio.The £2bn LGPS fund has made equal commitments to two of Loomis Sayles’ offerings – an absolute return fixed income fund that invests across global markets, and a global multi-credit strategy.The pension fund said it was keen to diversify away from its equity weights and hedge potential interest rate rises and low returns in the UK bond market. The £2.2bn (€3bn) Dorset County Pension Fund had tendered for the management of nearly £500m of its global equity assets.The UK local government pension scheme (LGPS) has two portfolios available for management – a £240m active global equity fund and a smart-beta global equity fund of the same size.The fund said it would prefer one or two managers to handle the investments on its behalf.For its global active equity portfolio, the fund said it was seeking a long-only strategy, with managers operating a fundamental discretionary approach, with no exposure to emerging markets.last_img read more

Growing price of a ‘free’ education

first_imgNZ Herald 9 October 2015Survey shows families struggling to keep up with schooling’s extra costs.Half of middle-income parents believe they don’t have enough money for their children’s schooling, as experts warn of the growing costs of modern education going unmet by the state.The survey, from an inaugural ASG Parents Report Card including 350 Kiwi parents, found that 83 per cent of parents would like more money to spend on their children’s education.Extra-curriculars or tutoring was too expensive for 44 per cent, while 20 per cent said at least one parent worked two jobs to support their children’s learning.“This includes more than school fees. It’s about travel, books, uniforms, laptops. The things that play on parents’ minds,” said John Velegrinis, CEO of ASG.The results, compiled by Australia’s Monash University, follow concerns from experts that education in New Zealand is now heavily reliant on private funding, with middle-income families struggling to keep up, while lower-income families miss out.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11526028last_img read more

Liverpool mayor says Everton FC should host Merseyside derby

first_imgRelatedPosts Lampard: I still have confidence in Tomori Mane double eases Liverpool to win over 10-man Chelsea EPL: Chelsea, Liverpool in cagey duel Runaway English Premier League leaders Liverpool should face Everton at Goodison Park in the Merseyside derby instead of the game being switched to a neutral venue.Liverpool mayor Joe Anderson, who said this on Sunday, disclosed that local authorities can now provide a safe environment for the game. Liverpool will resume their quest for a first top flight title in 30 years against Everton on June 21.But the venue for the behind-closed-doors fixture was not confirmed when the league released its revised fixtures for the season’s restart.Last month, police chiefs had advocated that the match should be played at a neutral venue to prevent fans from congregating outside the stadium.They said this would have led to violating social distancing rules amid the COVID-19 pandemic.“We’re in a better place than we were four weeks ago and we’ve been able to convey why it’s so important nobody congregates outside or near grounds,” Anderson said. “We’ve had the opportunity since then to speak to fans and the clubs have done their part and got the message across that the supporters need to stay away.“Both clubs have made it clear. (Liverpool manager) Juergen Klopp has made it clear.“So I would have no objection to the games being played at our clubs’ home grounds —- both the derby at Goodison and Liverpool’s games at Anfield.”Liverpool, 25 points clear with nine games left, need six points to guarantee winning the league.But if second-placed Manchester City lose their game in hand at home to Arsenal on June 17, the Reds would secure the title by beating Everton. Anderson said Merseyside police had also given the nod for the derby to take place at Goodison Park.“Merseyside police have made it clear they support the derby going ahead and they are the ones responsible for policing outside the ground and maintaining social distancing,” he added.Reuters/NAN.Tags: everton fcGoodison ParkJoe AndersonLiverpoolMerseysidelast_img read more

Millen expecting Pardew on Friday

first_img Press Association And Millen, caretaker manager since Neil Warnock was sacked last month, is just waiting for Pardew’s appointment to be rubber stamped. He said when asked if all was on track: “I think so, I don’t think he would have been at the game if there was a problem, he wouldn’t have been sitting in the stands. “We are preparing for Alan to come in tomorrow to start working. We have a big game against Dover on Sunday so we have to get our heads around that one. “I kept the lads in the know from what I knew from the chairman. Before the game when we left the hotel we weren’t sure but then I got a message to say Alan was coming. “He didn’t have any input during the game or before but he came in after and was pleased and proud with what he saw. “He said we need to add more to our game to score more goals and win football matches but it’s a good start for Alan to see us.” Millen is also set to stay with Palace after Pardew asked him to continue at the club. He said: “As the weeks go by he’ll analyse what we do. We have to learn what he wants and hopefully we can do that. Former Palace midfielder Pardew watched the Eagles’ 0-0 draw at Aston Villa ahead of his anticipated move from Newcastle. The draw failed to lift Palace out of the Barclays Premier League relegation zone but Millen confirmed Pardew was pleased with the point after coming into the dressing room after the game. Caretaker manager Keith Millen expects Alan Pardew to be installed as Crystal Palace boss by Friday. “If Alan wants to bring in people I’m sure he will, we haven’t got a big staff but we work hard and are organised.” A dull draw was only punctuated by Yannick Bolasie hitting the bar with just Brad Guzan to beat while Alan Hutton was denied by Julian Speroni and Christian Benteke fired Villa’s best chance over. Paul Lambert’s side have failed to score in 11 of their 20 league games but are 12th in the table after the point. They were jeered off by the home fans – after a second stalemate in a row following Sunday’s 0-0 draw with Sunderland. They have drawn blanks in their last three games and have failed to score in 39 out of 96 league games under Lambert and the manager insisted he understood the fans’ reaction. He said: “The fans have been great but I understand their frustration. I’m sure if we had scored nobody would have batted an eyelid. “They want to see their team win. I can’t fault the lads for dominating the ball and trying to score. We have started a new way of playing and the lads are really comfortable with it. We just need the finishing touch and it will come.” Ron Vlaar limped out of the game early in the first half and will go for a scan on Friday with Lambert hoping his knee injury is not serious. He added: “I’m not 100 per cent sure about Ron but we think it’s his knee, the same as what he did at the World Cup. He thinks it may be that. To be fair I didn’t want to bring on Ciaran (Clark), I wanted to give him a break.” last_img read more

South Point School Clinch Title of The 1st Royal Cup U-16 Inter-School Tournament

first_imgGUWAHATI: South Point School lifted the 1st Royal Cup U-16 Inter-School Tournament defeating Oakland School by virtue of the first innings lead at the Latasil ground here today. The star of the final is Dhruv Raaj Bora of winning outfit who made brilliant performance with both bat and ball in the two-day final. Elected to bat, Oakland English High School bowled out 150 runs in the first innings. Dhruv Raaj Borah (5/33) and Ziyad Zaman (4/29) shared nine wickets between them. In reply, rode on a nice century from Dhruv Raaj Bora, South Point School scored 292 losing all wickets.Dhruv Raaj Bora, faced 147 balls, scored 133 runs and there were 25 boundaries in his innings. Ziyad Zaman (53) also scored half century in the first innings. Among the bowlers of Oakland Sahid Ali (5/80) came out with best performance. Oakland were 150/5 in their second innings when the match came to an end. Akash Basfor(56) and Sahid Ali (55) scored half centuries while Pratay Raj Das (3-24) were most successful bowler for South Point in the second innings.Individual awards: Best Discipline Team: Don Bosco School, Best Fielder: Garg Agarwal (Royal Global School), Best wicket keeper: Sivam Chetri (Fairy Land High School), Best Batsman: Dhruv Raaj Borah (South Point School), Best Bowler: Ziyad Zaman (South Point School), Man of the match in final: Dhruv Raaj Borah (South Point School), Man of the Series: Shahid Ali (Oakland English High School).Also Read: LOCAL SPORTSlast_img read more

Live IPL 2018 MI vs RR, Highlights: Stunning Buttler helps Rajasthan win by 7 wickets

first_img# Rahane: “Great win for all of us. 168-169 on this wicket was 10-15 runs short. Jofra’s couple of wickets in that over changed the game actually. We didn’t get a partnership in the earlier games but we knew that if we get one early on, it’ll be easy to chase. The discussion before the game was to get used to the wicket as soon as possible. There’s room for improvement in the fielding department. I want the boys to stand up and do well in that. For all the Latest Sports News News, Indian Premier League News, Download News Nation Android and iOS Mobile Apps. New Delhi: Mumbai Indians host Rajasthan Royals at the Wankhede Stadium, Mumbai in the ongoing Indian Premier League 2018. In a battle for play-off spots, both the MI and RR team would be looking to win this game and bag the much needed 2 points and help the team push for the top 4.Mumbai Indians have won their last four games against RR at the Wankhede Stadium, with RR’s only win coming here in 2011.Buttler has scored four fifties since he was promoted to open – 67, 51, 82 & 95* and he will be a player to keep an eye on.Highlights: # Buttler – Player of the Match: “Found some good form and I’m trying to keep it going. Bit of do-or-die situation for us. I’ve spent a lot of time batting in the middle order, so I try to be there till the end. Our bowlers bowled very well and restricted them to about 15 runs less. The familiarity of the ground and the wicket helped me today. Looking forward to the next game.” # Rohit Sharma: On a pitch like that we should have scored 15-20 runs more. In the games that we lost in the past, we didn’t finish well with the bat. Today was another game we didn’t finish well, but I don’t want to be too harsh because we have been playing good cricket. We need to work on a few areas. We need to keep our heads high and hope for two good games. It’s not going to be easy defending whatever target is set, but that’s not an excuse for us. We have played enough cricket to understand the conditions here. He (Buttler) has been in great form.# 17.6 Overs: SIX! Buttler finish it in style, what a form he is enjoying!# After 16 Overs, RR are 144/2# After 6 Overs, RR are 51/1# After 4 Overs, RR are 33/1# 0.6 Overs: FOUR! Classy drive by classy Rahane. RR 13/1# 0.5 Overs: OUT! His poor form continues!  D Arcy Short c Ishan Kishan b Bumrah 4(5) RR 9/1# After 20 Overs, MI finish at 168/6# 19.5 Overs: OUT! Hardik Pandya walks back after a good cameo. Hardik Pandya c Samson b Stokes 36(21)  MI 166/6# 16.5 Overs: OUT! Another one goes..Krunal Pandya c Gowtham b Unadkat 3(7) MI 131/5# 14.2 Overs: OUT! Good catch at the deep. Ishan Kishan c Samson b Stokes 12(11)  MI 119/4# After 14 Overs, MI are 119/3# 10.5 Overs: OUT! Archer is on fire and takes a big wicket in Hitman.. Rohit c Unadkat b Jofra Archer 0(1) MI 87/2# 10.4 Overs: OUT! Archer draws the first blood. Suryakumar Yadav c Unadkat b Jofra Archer 38(31)  MI 87/1# After 10 Overs, MI are 86/0# 8.2 Overs: SIX! Back to back big hits by Lewis! MI 74/0# After 6 Overs, MI are 51/0# After 4 Overs, MI are 34/0# 0.6 Overs: FOUR! Evin Lewis joins the party. MI 14/0# 0.4 Overs: FOUR! Another one for Yadav. MI 8/0# 0.3 Overs: FOUR! Yadav starts the proceedings for MI. MI 4/0# Suryakumar Yadav and Evin Lewis start for MI, Gowtham with the new ball.# Rajasthan Royals (Playing XI): Jos Buttler(w), D Arcy Short, Ajinkya Rahane(c), Sanju Samson, Ben Stokes, Stuart Binny, Jofra Archer, Krishnappa Gowtham, Shreyas Gopal, Jaydev Unadkat, Dhawal Kulkarni # Rajasthan have won the toss and opted to field first # Mumbai Indians (Playing XI): Suryakumar Yadav, Evin Lewis, Rohit Sharma(c), Ishan Kishan(w), Hardik Pandya, Ben Cutting, Krunal Pandya, Jean-Paul Duminy, Mitchell McClenaghan, Mayank Markande, Jasprit Bumrahlast_img read more

Canceled Fountain Run replaced by Senior Run

first_imgThe cancellation of USC’s end-of-the-year Fountain Run tradition led to the creation of multiple alternatives for seniors to celebrate their impending graduation.For nearly a decade, students participated in the unofficial Fountain Run tradition which was not sanctioned by the university. On the evening of the last Thursday of spring semester classes, graduating seniors would run through every fountain on campus.The Fountain Run was canceled this year, however, because according to university administrators, it had become too dangerous for students and too damaging to campus property. Assistant Provost for Student Affairs Monique Allard said that in the past five years, there have been 73 medical calls and 25 ambulance rides during the Fountain Run, most of which were caused by alcohol-related incidents. Last year’s campus destruction from the Fountain Run included biohazardous materials in the fountains, broken fixtures and significant damage to the Youth Triumphant statue  in total, almost $50,000 in property damages.Some students were disappointed by the cancellation. Nicole Daviau, a rising senior majoring in business administration, was upset by the cancellation of the Fountain Run because she wanted to celebrate the college careers of her graduating friends.“It seems unfair. When the seniors leave, the Fountain Run is often what they say is the greatest thing they did at USC, even if they’ve studied abroad or did something really cool throughout their years here,” Daviau said. “I feel like I was being robbed of an experience.”As an alternative, the administration Student Affairs hosted the Senior Run, on April 30.“[T]his year, USC Student Affairs launched an educational campaign informing students of the dangers and destruction that this unsanctioned event causes,” Allard wrote in an email to the Daily Trojan. “Our approach was to inform students about the facts while simultaneously supporting student leaders in creating a new, fully sanctioned that was termed the ‘Senior Run.’”The event, which was led by Undergraduate Student Government, Interfraternity Council, Panhellenic Council and Residential Student Government, was a festival that included inflatables, music, food trucks and giveaways.Approximately 1,500 students picked up wristbands, which were required to attend the Senior Run. Because of the large attendance, Allard said she was hopeful that the event grows in years to come.“We are looking to the campus’ student leaders to continue to invest their time and energy in coordinating this as a new tradition,” Allard wrote. “USC Student Affairs believes that celebrating the culmination of years of students’ hard work is important. Even more important is celebrating while keeping our community safe.”Students also attempted to organize another alternative to the Fountain Run — an Undie Run. Also held on April 30, the Undie Run event was created on Facebook as a response to the Fountain Run’s cancellation. The Facebook page instructed attendees to meet at Tommy Trojan at 10:30 p.m. dressed in undergarments. Daviau felt it could be a good alternative to the Fountain Run.“As a commuter and transfer student, it can be hard to find a sense of community on campus and feel really connected to the Trojan Family … But something that comes up for most people is that the Fountain Run gives them that sense of community,” she said. “The Undie Run could have replaced what was taken away.”When the night of the run arrived, however, the student-organized event was too uncoordinated to take off.“When people got there, [they] set off running in opposite directions because there was no map or plan on where to go,” Daviau said. “There was not enough information to the students, so at the given time, some people ran forward about 10 feet and then stopped and ran back because they were confused.”Some people congregated around the meeting area, a few of which were also attending the Senior Run. When the running did not happen, people eventually left.“There was an underlying sadness during the Undie Run because there was that lack of cohesion. I really hope in the upcoming years that we come up with something to celebrate our years here,” Daviau said.last_img read more

University installs solar panels on Galen Center roof

first_imgWelch said the installation of solar panels made sense financially because the rebates — refunds for producing and using solar energy — will end soon in Los Angeles. The center wanted to meet the deadline to receive financial benefits for solar energy, Welch said. According to Office of Sustainability Associate Director Ellen Dux, the initiative has since been revived as an ongoing process by the Office of Sustainability and the USC Sustainability Steering Committee and gained momentum last semester when President Carol Folt arrived and prioritized sustainability.  The installation was funded by the USC Athletics Department and includes constructing a new roof to install the 1,512 solar modules. Once solar panel installation is complete, Galen Center will rely on up to 15% solar energy, the press release stated.  According to a previous Daily Trojan article, the organization hosted rallies in 2016 when the University refused to hear from solar consultants and rejected the solar consultants’ proposals. Zachary Manta, who served as ECore director at the time, said when the protests occurred, ECore had expected to work on sustainability efforts with senior administration, but the organization felt ignored since there was little interest in sustainability initiatives at the time.  In 2014, students from the Environmental Affairs Organization’s Go Solar Campaign sent a proposal calling on USC administration to install solar panels across campus. In Fall 2015, observing that no administrative action was taking place from the proposal, the group, now known as ECore, continued to advocate for installations by organizing protests and has continued to do so since. Now, six years later, USC is taking a step in that direction. On Saturday, the University installed solar panels at Galen Center as part of its commitment to being a carbon-free campus. The project is USC’s biggest solar energy project to date and will lead to approximately $10 million in energy savings over 25 years, according to a press release from the University. The second lift of solar panels will take place March 21, according to the press release. The solar panels will be fully functioning by mid-June. Galen Center is also adopting other sustainability measures, such as the use of LED lights, placement of compost and recycling bins and installation of a pony chiller — a small machine that cools only the office spaces without using energy to cool the entire arena when games or events are not taking place at Galen Center.  The installation of the solar panels follows a series of proposals and petitions from Environmental Core in 2014 and aligns with President Carol Folt’s commitment to campus sustainability. Once the installation is complete, the panels will power up to 15% of the indoor arena. (Photo courtesy of Gus Ruelas Jr.) This Saturday the arena will host a “Green Game” featuring compostable and recyclable stations and educational images explaining the importance of sustainability as part of a pilot study to understand the logistical and financial implications of implementing compost and recycling bins at basketball games.  When Dux heard about the movement to install solar panels at Galen Center, she knew the installation would take time but was necessary to improve energy consumption at USC.  “[The push for sustainability is] just like change everywhere,” Dux said. “[This initiative] starts super slowly, and it seems like it’ll never go anywhere. Then you inch it along, and it picks up speed. More people support it, and then it’s like a downhill snowball — it just rolls and rolls and rolls.” In addition to the solar panels, 3,332 new LED lights have been installed at Galen Center, dramatically reducing the amount of wasted energy. The new setup allows the sports lights to be turned off and on instantly instead of waiting 15 to 20 minutes for the switch to work.   Dux said Galen Center was a good fit for the solar panels for three reasons. Galen Center passed the rooftop assessment, which checks whether the beams directly underneath the roof can carry the weight of solar panels while also assessing the size of the area. According to Facilities Management Services Energy Manager Zelinda Welch, the indoor arena used 6,906,873 kilowatt-hours and 121,385 therms in the 2019 fiscal year, and the solar panels would help reduce energy usage. Dux also mentioned the visibility of Galen Center within the community. This Saturday, the arena will host a “Green Game” featuring compostable and recyclable stations and educational images explaining the importance of sustainability as part of a pilot study to understand the logistical and financial implications of implementing compost and recycling bins at basketball games.  “Through my junior and senior years, we … felt stonewalled,” Manta said. “Our initiatives and our attempts to go about this cooperatively just weren’t really being received, which is why I had to take a more activist bent and why we started marching down Trousdale and around Tommy Trojan with protest signs.” Neidermire said it was also difficult to find a time when Galen Center would be empty to begin the installation because there were only 20 days in the year with no sports games, athletic practices or employees in the building.  “The rain in [Saturday’s forecast] was a big deal,” Neidermire said. “All of a sudden, if we weren’t to do the lift today, we would miss a critical marker in our schedule. The project may have gotten behind schedule, and then we’re not hitting our ultimate deadline to get rebates from the city.” “[Galen Center] is highly visible to our campus, to our community around us and to people on the freeway,” Dux said. “[The installation of the solar panels] is a great opportunity for folks to visibly see USC’s commitment to sustainability.” Galen Center general manager Paul Neidermire said the solar panel installation, like any other construction project, faced challenges with unpredictable weather.  The idea to install solar panels at Galen Center started when the student organization Environmental Affairs Organization, later rebranded as Environmental Core, wrote proposals and petitions for a potential panel installation at Galen Center and submitted the findings including the amount in energy savings the Center would have and solar panels’ purchasing cost to the University in 2014. Solar panels were affixed to the roof of Galen Center Saturday in the first round of installations set to cut the arena’s nonrenewable energy usage and promote sustainability. (Photo courtesy of Gus Ruelas Jr.) “This is kind of a momentous time in a sense,” Welch said. “It’s really how we’re starting to look forward — not just athletics and FMS, but the University. [We’re] really taking this as an opportunity to reframe how we approach sustainability.”last_img read more