Tuesday, September 23, 2014
Autumn in the City
Autumn has arrived; the cider and donuts are the best at the Franklin, Michigan Cider Mill, Laura Verbal has the fall seasonal craft beers on tap at Pizza N’ Such, women and men still wear leopard pattern clothing, the Detroit Lions continue to get our hopes up but as always will greatly disappoint us, Faculty meetings are in full force – egos are the rule, cool crisp mornings and warm sunny afternoons make golf the best this time of year, the City of La Verne continues to have a Farmers’ Market without any “real” Farmers, politicians continue to make promises and excuses, technology continues to shape our lives, and the hypocrisy of professional and big time college sports continues to get even worse, it is a bit too early to get into the new hockey season but NHL Centre Ice has been purchased, undergraduate students are beginning to figure out that Mom and Dad cannot help them any more with their homework, graduate students are beginning to figure out that their financial aid is coming to an end and now it is time to find a job, this is the best time of year to have a late Saturday afternoon pizza and a cold mug of Labatt Blue at The Beach Bar on Michigan’s Clark Lake, and the LA County Fair is finally coming to an end.
Such is the state of Autumn in the City.
SCOTLAND SAYS EMPHATIC "NO" TO INDEPENDENCE - Scottish voters strongly rejected a referendum to divorce itself from the rest of the United Kingdom, a result that will come as a huge relief to the White House and Wall Street. Washington policy makers feared that a spilt would spark political chaos in the UK, distracting the United States' top ally at a time of major geopolitical uncertainty and a fresh military campaign in the Middle East.
While some on Wall Street stood to gain from Scotland-inspired volatility, many analysts and market players worried about the longer term impact of a splintered UK on the European and global economy. Those worries are now gone. The BBC officially called the election at 12:17 a.m. EST (5:17 a.m. in Scotland). With 30 of 32 councils reporting at 1:10 a.m. EST, "No" had 1,877,252 (55.4 percent) and "Yes" had 1,512,688 (44.6 percent). Fife made it official.
CLAREMONT WATER – Rink Rats will vote “No” on the water ballot come this November. RR will probably be on the losing side but our conscious will be sound. Local governments should not run businesses, yes, some do, the City of Pasadena for one. But they have been doing this for decades. The City of Claremont will have to hire and spend to manage this utility with very little expertise and experience. Does the taxpayer of the city want to pay for all this? The City of Claremont now is in a boom period, tax bases are growing, new visitors are flocking to the City to spend money. Why ruin a good thing with increased City costs and borrowing.
Rink Rats agrees Golden State Water has done a poor job, but to warrant a change in bureaucracy, we say no.
TECHIE WATCH-- How Many Times A Day Do You Check Your Phone? Checky Will Tell You: This very basic app simply shows you how many times per day you've checked your phone, and maps out where that usage occurred. Love the screengrab. http://tcrn.ch/1p207F6
The app: http://bit.ly/YUgsWI
COLLEGE CHRONICLES – UNDERMINING PELL: Even as some policymakers have moved to expand Pell Grants, college financial aid practices are leaving the neediest students with potentially unmanageable costs, a New America Foundation report says today. Hundreds of colleges expect their neediest students to pay a net price amounting to at least half their families' yearly earnings, the report says, and the problem is growing. More private nonprofits are charging higher net prices for low-income students while providing deep discounts to wealthier students, and public colleges are making up for lost government funding by adopting similar tactics. Even private colleges with large endowments are being stingy with need-based aid, opting to use aid to attract top students instead.
Boston becomes first city to require safety measures for college athletes. CBS Sports: http://cbsprt.co/1r2aTzK
MIXED BAG FOR GRADUATE ENROLLMENTS: Graduate schools saw a 1 percent increase in first-time enrollments between fall 2012 and fall 2013, a new report finds, with more than 459,000 students entering graduate certificate, education specialist, master's or doctoral programs in fall 2013. However, the Council of Graduate Schools and Graduate Record Examinations Board report also shows a 0.2 percent decline in total graduate enrollment - following a 2.3 percent decline the previous year - to about 1.7 million students in fall 2013. First-time enrollment of U.S. citizens and permanent residents shrank by 0.9 percent, but temporary residents more than made up for it with an 11.5 percent increase. And while first-time enrollments among Hispanic students saw a boost, other underrepresented groups, as well as white students, moved in the opposite direction.
SYLLABUS – Executive Director of Finance, St. Lawrence University
Reporting directly to the Vice President for Finance & University Treasurer, the Executive Director will support the Vice President by providing strategic leadership to the department of Planning, Analysis & Decision Support. The Executive Director is someone who recognizes that analysis, figures, and forecasts represent the underlying activities in the University's community and works as a partner with University colleagues to prepare and implement budgets, financial projections and analysis that clarify and enable decision-making, and strengthen the University's position as a leader in liberal arts education. The Executive Director provides oversight of: the annual operating budget of $175 million and capital budget cycle; the development of associated financial targets; the assessment of forecast/budget versus actual results; and other financial and/or operational analysis.
The Executive Director for Finance must possess a strong educational background in finance and/or accounting. A bachelor's degree is required, an advanced degree is preferred. A financial professional designation such as a CFA, CMA or CPA is desirable but not required. Candidates will have a minimum of five years' experience, 10 years preferred, in finance, financial planning and analysis, ideally in a sophisticated higher education environment. Experience from commercial service industries, including healthcare, is also welcomed.
BIRTHDAYS THIS WEEK – Birthday wishes and thoughts this week to: Cynthia Denne …famous Health Manager, Michael Douglas (70), Catherine Zeta-Jones (45), Steve Largent (60), Tommy Lasorda (87), Lute Olson (80), Bruce Springsteen (65), Julius Walecki …famous Beach Volleyball player, Barbara Walters (85).
ALIBABA GETS $21.8 BILLION IN IPO - Shares officially start trading last week, but the figures it pulled in last Friday make its initial public offering the biggest ever in the U.S.: The staggering amount made Facebook's $16 billion IPO two years ago look puny by comparison. The offering bolsters the wealth and prominence of Alibaba founder Jack Ma, a former English teacher and already the richest man in China. He was at the stock exchange Friday to ring the opening bell. The IPO is also a windfall for Yahoo and Japan's SoftBank, which have sizable stakes in the company.
Alibaba is the largest e-commerce company in the world and is often described as larger than Amazon and eBay combined, though it isn't well-known among U.S. consumers.
Alibaba opened trading at $92.7 per share - a whopping 36 percent jump from the $68 its investors paid during its IPO Thursday night. And things aren't over yet - Alibaba can still exercise an option to make 15 percent more shares available to institutional investors at the IPO price, which could up its IPO take to $25 billion. That would make its IPO the largest in the world. There are 30 days to exercise that option. Right now, Alibaba has said it will use its new cash to bolster its Chinese businesses - but there's no doubt that the splash it made Friday is making other tech giants a little jumpy.
FORE - World Golf Rankings on Sep 22, 2014...
# 1 Rory McIlroy, N. Ireland
# 2 Adam Scott, Australia
# 3 Sergio Garcia, Spain
# 4 Henrik Swensen, Stenson
# 5 Jim Furyk, USA
# 6 Justin Rose, England
# 7 Bubba Watson, USA
# 8 Jason Day, Australia
# 9 Matt Kuchar, USA
# 10 Ricky Fowler, USA
COLLEGE FOOTBALL PICK OF THE WEEK – Thursday 9/25, 10:00 PM ET, ESPN: #11 UCLA Bruins (3-0) at #15 Arizona State Sun Devils (3-0). A huge Pac-12 opener for both clubs, ASU in an upset, 24 – 17. Season to date (3-1)
SMALL COLLEGE FOOTBALL PICK OF THE WEEK – Saturday 9/27, 1:30 PM ET, BRAVO: #19 Ithaca College Bombers (2-0) visit Alfred Saxons (3-0). A huge E8 Conference matchup at Merrill Field (see below), we like the Saxon Warriors (Roger Auerbach famous Alumnus) 28 – 24. Season to date (2-1)
NFL PICK OF THE WEEK – Sunday 9/28, 4:30 PM ET, Fox: Philadelphia Eagles (3-0) at San Francisco 49ers (1-2). 49ers lose their season is in Big Trouble, they don’t 49ers 32 Eagles 24. Season to date (1-2)
THE SWAMI’S WEEK TOP PICKS –
(NCAA, Sept. 27) Arkansas Razorbacks (3-1) 17 at #6 Texas A&M Aggies (4-0) 35
(NCAA, Sept. 27) Cornell University Big Red (0-1) 14 at Bucknell Bisons (3-0) 28
(MLB, Sept. 27) Kansas City Royals (85-71) 4 at Chicago White Sox (72-84) 2
(NFL, Sept, 28) New Orleans Saints (1-2) 35 at Dallas Cowboys (2-1) 28
(Ryder Cup, Sept. 26-28) U.S.A. 10 ½ at Europe 17 1/2
Season to date (49 - 42)
DRIVING THE WEEK - President Obama will travel to NYC this week to preside over a meeting of the UN Security Council ... Treasury Secretary Jack Lew speaks on climate change at 4:00 p.m. today at Brookings ... Existing home sales this morning at 10:00 a.m. expected to rise 1 percent to 5.20M pace ... New home sales Wednesday at 10:00 a.m. expected to rise to 430K pace from 412K ... Q2 GDP third estimate Friday at 8:30 a.m. expected to rise to a robust 4.6 percent ... Univ. of Michigan consumer sentiment at 9:55 a.m. Friday expected to rise to 84.7 from 82.5.
There are 100 days left in the year -- what's one goal you could accomplish? ... To tell your kids: This is the first day of fall. Summer ends at 10:29 Monday night - the autumnal equinox. ... Rosh Hashanah, the Jewish New Year (5775), begins at sundown Wednesday. ... Two big anniversaries on Saturday: 50 years since the Warren Commission released its 888-page report concluding that the assassination of President Kennedy was the work one man ... and 20 years since Newt Gingrich and his House Republicans unveiled the Contract with America on the steps of the Capitol, six weeks before the Republican Revolution of 1994.
Next week: Jack Ass of the Month and Fashion Week.
Until Next Monday, Adios.
September 22, 2014
CARTOON OF THE WEEK – Dilbert