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
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.
Claremont, CA
September 22, 2014
#V-23, 232
CARTOON
OF THE WEEK – Dilbert
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