Umphrey’s McGee Shines On Pink Floyd Cover At Hulaween Pre-Party [Video]

first_imgThe pre-party kicked off for Suwannee Hulaween on Thursday, and the evening’s lineup itself was well worth the price of admission. With a dream-like schedule that took attendees from Spafford to Lettuce, Umphrey’s McGee to Joe Russo’s Almost Dead, back into Umphrey’s and bookended with Joe Russo’s Almost Dead, campers were treated to a night full of jams on the Patch and Amphitheatre stages.As the sun was set, Umphrey’s McGee kicked things off on the Patch stage with a tropically-inspired “There’s No Crying In Mexico.” The band continued with their signature jamming through a seven-song first set, closing with “Push The Pig” and “Dump City” (which was dedicated to Spafford) sandwiched by a huge “All In Time.” Within literal minutes, Joe Russo’s Almost Dead plugged into the Amphitheatre stage and brought with them a five-song, Grateful Dead-inspired set for the ages. With Dave Dreiwitz gone for the evening, bassist on Jon Shaw took his place. The bands swapped once again on Thursday night, complimenting their unique takes on old school favorites.Perhaps one of the biggest highlights of the night was Umphrey’s McGee’s unexpected version of “Shine On You Crazy Diamond” by Pink Floyd. The dark and ominous introduction left fans wondering what would come next, until a light shined over guitarist Jake Cinninger who slowly revealed what was about to happen. The band dug deep into this cover, as you can see in the 20+ minute video below:The festival technically begins today with headlining sets from the String Cheese Incident (x2) and Bassnectar. Check out the full lineup here.Setlist: Umphrey’s McGee | Suwannee Hulaween | Live Oak, FL | 10/26/17I: There’s No Crying In Mexico > 40’s Theme > Wappy Sprayberry > All In Time > Push The Pig, Dump City > All In TimeII: Le Blitz > Remind Me > The Triplewide > The Floor, Day Nurse > Shine On You Crazy Diamond > Day Nurse, Booth LoveSetlist: Joe Russo’s Almost Dead | Suwannee Hulaween | Live Oak, FL | 10/26/17I: Alligator -> Ruben & Cerise -> Throwing Stones > Ramble On Rose @, Feel Like A StrangerII: Jam # -> Bird Song -> Truckin $ -> Space -> Truckin -> Bird Song Reprise -> Truckin Reprise % -> Mississippi Half Step -> Playing In The Band ^ -> The Other One & > Shakedown Street@ – With a Dark Star Tease (TH) & an Unknown Tease (MB)# – With Dark Star Teases (Band)$ – With a Bird Song Tease (MB)% – With a Bird Song Tease (Band)^ – With a Feel Like A Stranger Tease (Band) & a lengthy Afrobeat Jam& – Verse One onlyNot Fade Away (to close Set One) & Samson & Delilah (as the Encore) were on the setlist as written, but not played.[photo by Phierce Photo]last_img read more

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Havens, professor of psychology, dies

first_imgLeston Havens, professor of psychology emeritus at Harvard Medical School, died on July 29 after an extended illness. Havens was also a member of the Cambridge Health Alliance faculty for more than 25 years.A memorial will be held on Oct. 16 in the Memorial Church from 2 to 4 p.m.last_img

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CRN Recognizes 8 Dell Technologies Leaders in 2019 Top 100 Executives List

first_imgEvery year, CRN presents its Top 100 list, which recognizes the key players who are setting the pace for the IT industry. At Dell Technologies, our purpose is to drive human progress, through greater access to better technology, for people with big ideas around the world. And this is something pursued in collaboration with our extensive network of partners, which is why having 8 leaders recognized by CRN this year is worth celebrating!Michael Dell – CRN’s most influential executive of 2019, in recognition of his incredible foresight to build a $91B infrastructure powerhouse.Pat Gelsinger – CRN’s most influential executives of 2019, in recognition of his foresight to make markets and passion to get people on board.Jeff Clarke – CRN’s top 25 disruptors, in recognition of the people who push boundaries in the IT market.Jenni Flinders and Joyce Mullen – CRN’s most influential channel sales leaders, highlighting those leading the channel charge.Rohit Ghai, Cheryl Cook and Marius Haas – CRN’s top 25 innovators, in recognition of their ability to break new ground and forge new paths.Our partners have access to the industry’s most innovative technology and services portfolio spanning from edge to core to cloud. Do you want to work with some of the industry’s most successful business leaders to help customers build their digital future and transform how they work and live? Join the Dell Technologies Partner Program for an experience that is simple, predictable and profitable.last_img read more

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FBI slayings show risk surveillance cameras pose to police

first_imgFORT LAUDERDALE, Fla. (AP) — Police nationwide are facing a heightened danger: Criminals are using home surveillance cameras to monitor their movements. The FBI believes that may have happened this week when two of its agents were gunned down by a child pornography suspect in South Florida. Authorities are investigating whether the suspect used a surveillance camera in his doorbell to spot the agents as they prepared to search his apartment and computer. He opened fire through the front door with a high-powered rifle as they approached, killing agents Laura Schwartzenberger and Daniel Alfin. Three other agents were wounded. The suspect killed himself.last_img

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Will your credit union be providing real time payments by 2024?

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr It’s Possible, just Possible, that yesterday marks a key development in how people send and receive payments. If I am correct then this is a change that will help all consumers and  all businesses, as well as all credit unions and community banks that will be able to compete with the banking behemoths in the years to come.Yesterday, if all goes according to plan, the Federal Reserve committed itself to implementing a real time payment system by 2024. That’s right by 2024 all credit unions and banks irrespective of their size and location will be able to clear checks, debits and credits instantaneously. 7 days a week, 24 hours a day, and 365 days a year.Why is this such a big deal? Do I really have to tell you? As the Fed put it yesterday in an FAQ and a Request for Comment accompanying its announcement “Everyone deserves the same ability to make and receive payments immediately and securely, and every bank deserves the same opportunity to offer that service to its community,” said Federal Reserve Board Governor Lael Brainard. “FedNow will permit banks of every size in every community across the country to provide real-time payments to their customers.” The Fed also noted that even though it was using the term bank it intended to give credit unions access to this platform. continue reading »last_img read more

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Letters to the Editor for Monday,Feb. 25

first_imgCategories: Letters to the Editor, OpinionTrump latest to use fear tactics on publicPresidential control tactics: Create enemies using fear and hate, then pound away at them until the American public no longer remembers the difference between right and wrong. In my lifetime, two topics have been successful: communism and weapons of mass destruction. President Trump is working on others: fear of Muslim, the not-so-white-people on our southern border, and he’s getting started an another [fear]. Examples: The war in Vietnam and fear of communism. Four presidents terrified us from the 1950s until 1973. From early on, they knew it was unwinnable. It cost us 50,000 American soldiers, more than 1 million Vietnamese died, we wasted billions of dollars, and all with no personal accountability from the creators. Unbelievably, we did it again. This time the lie was WMDs. Using the 9/11 attack on the Twin Towers as an excuse, the war-mongering mishmash of Bush, Cheney, Rumsfeld, Wolfowitz and Pearle, who I think are guilty of war crimes against humanity, successfully created a fear of WMDs that never existed to initiate our ongoing 17-year-old war in the Middle East.They had no interest in just capturing the crazed Osama bin Laden, thereby eliminating the need for war. That choice would have saved millions of people from misery, along with the more than $3 trillion that we’ve already spent on another unwinnable war. So, what’s Trump’s next fear-mongering tactic you ask? It’s dreaded socialism as he tries to scare us out of Medicare for all. I wonder, just how gullible are we? Livia CarrollSchenectady What is Cuomo’s next act of horror?I think it was one of the darkest moments in New York state history when a room full of moronic buffoons cheered wildly when their hero, “Criminal Cuomo,” signed into law the Reproductive Health Act, or what some of its supporters would call “isn’t infanticide great act.”What’s next for our dear governor, an amendment where a mother can take her baby home for 30 days and decide “it just doesn’t go with the decor,” return the baby to the hospital where it would be made “comfortable” of course, while the mother and perhaps a hospital janitor confer on whether to terminate the baby or not? I can only hope that Cuomo and the band of supporters who cheered him that day can join Kermit Gosnell, the Baby Butcher of Philadelphia, in hell.Ray WeidmanLathamMore from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Beware of voter intimidationFoss: Should main downtown branch of the Schenectady County Public Library reopen?Cuomo calls for clarity on administering vaccineEDITORIAL: Urgent: Today is the last day to complete the census Radical liberals turn country upside downIs America going crazy? The radical liberal left has an agenda to turn this country upside down. Law and order is being scoffed at. Our right to create humanity and not destroy it is under attack by abortionists.Our right to the freedom of religion of our choice is being ridiculed as irrelevant.The right to bear arms per our Constitution is being undermined by our court system.It’s our choice to teach our children moral values and rear them how we please, not the twisted logic of our education system.Socialism is not the answer. It has destroyed many countries.Please don’t let them take the cows from our farmers because they pollute the air too much.George LymanHalfmooncenter_img Dems destroying a once-viable partySpeaking as a former Democrat, I can only say that the present Democratic Party is gradually destroying what was once a viable, functional party, both state and federal. Take a look at the most recent legislative positions. Two states as an example, New York and California, both under Democratic control. George PrattAltamontlast_img read more

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Letters to the Editor for Saturday, Oct. 19

first_imgPrint media shifted from neutral to liberalThe recent letters of George Nigriny (“Liberal bias comes from Times, Post”) and Mike Eplite (“Paper has shifted too far to the left”) accurately sum up the Daily/Sunday Gazette, and 99 percent of the printed U.S. news media of today.Like The Gazette, the U.S. print media abandoned AP and UPI since their historically neutral position no longer fit the modern media liberal bias. Thus today, UPI exists in name only and AP exists in much-reduced form, with only about 30 percent of its income from the United States.But the ultra-radical,-far-left New York Times and Washington Post do fit – a perfect fit.And that is the status of modern printed “news” media in the United States today. If you want the biased, liberal news, sadly you can read it in The Daily Gazette; if you want unbiased news, go selectively to digital news sources.Clyde MaughanSchenectadyCyclists don’t belong on roads with carsAs a motorist, using roads is a privilege. I must first get a permit and learn the rules. Then I must take a test to get a driver’s license, proving that I know how to use the roads. I have to pay for license, inspection, tolls, taxes, registration and really expensive car insurance.If I don’t follow these rules, I will get a very pricey ticket. And after a few of those, I can lose my license (a privilege).When I am driving, I am trying to pay attention to other drivers. Most are texting, eating, putting on makeup or otherwise not paying attention. Now I have to watch out for someone riding a bike on the road. If I have to swerve around you, I have to cross over into another lane, trying not to hit someone head on or push another car into another lane. If you get hit while riding in the road, it is automatically my fault. And my insurance goes through the roof. If the weather is bad, that’s a whole other mess.You have sidewalks and bike paths. I cannot drive on either. You are a danger to everyone around you, including yourself.Brian PelletierBallston LakeGrateful for all who help make a differenceI’m writing in response to the article, California Woman, 97, gone missing found by “junior detectives” on bicycles, in the Oct. 13, Sunday Gazette.I applaud these children for taking a positive, helping initiative that made a powerful difference.I’ve had such helpers in my life in caring for my husband, who lived with Alzheimer’s for 10 years.I got help from my children, grandchildren, neighbor, Catholic Charities and my co-workers, to name a few. My granddaughter found my wandering husband on her bicycle, too. The local police also brought my husband home.Project Life Saver gave me peace of mind, as well as a tracking device on my husband’s phone, thanks to his son, who knew of such things. It takes more than a spouse, more than one person, to care for someone with Alzheimer’s. It’s an all-consuming disease. It tries to take the caregiver, too. So I applaud these children for stepping up. I also applaud all those who’ve stepped up to help the afflicted, and their caregivers. We don’t have to look across the continent to find these marvelous people. They live here in our own community.Linda MosseyScotiaMore from The Daily Gazette:Gov. Andrew Cuomo’s press conference for Sunday, Oct. 18EDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Beware of voter intimidationFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Find a way to get family members into nursing homes Saturday, Oct. 26 is our first opportunity to vote early in local elections. Two weekends of voting and weekday hours at Niskayuna Town Hall between Oct. 26 and Nov. 3 make voting more accessible.I’m voting early for Rosemarie Perez Jaquith for Town Board. Rosemarie went to kindergarten speaking only Spanish. But with a supportive community behind her, she became a lawyer, a huge volunteer in our community and a member of our Board of Education. She credits her commitment to service to her upbringing, including her dad who, as a recent immigrant, had a daily mantra: “This is the best county in the world.”Rosemarie was co-founder of the annual St. Baldrick’s “head shaving” fundraising event benefiting local children with cancer. As a member of Niskayuna School Board, including as board president, Rosemarie worked with fellow members of all political affiliations to build a board that is effective and collaborative.Her list of priorities reflects my concerns with speeding on neighborhood roads, holding the line on taxes, improving walkability and bikeability around town, preserving green spaces and reducing our carbon footprint. Rosemarie Perez Jaquith is endorsed by the Democratic, Independent, Conservative,and Working Families parties.Susan PolsinelliNiskayunaDalton has best traits for Public Safety seatThe race for Public Safety commissioner in Saratoga Springs calls for bipartisan support. The commissioner works closely with our police and fire departments, and the community at large. This person must have integrity and be trusted by those they serve in order to effectively carry out their duties.The traits needed for success are not owned by a particular political party, but rather by one candidate in particular, Robin Dalton.As part of deciding to run for this office, Dalton has met with the police and fire departments, gone on multiple ride-alongs with local police, and met with a broad and diverse range of community members. This has enabled her to truly understand the needs of our community and how to best ensure public safety goals are met.Robin’s opponent was not endorsed by the party whose ticket he is running on, and other local Democratic candidates have rescinded their support of him.We urge voters to put aside party-line thinking and vote for the best person for the job. That person is Robin Dalton.Kelly KaneMelissa ZiekerSaratoga SpringsFilm tax credit has had positive effectsThe Oct. 6 editorial “More reasons to rethink TV/movie tax credits” makes several inaccurate statements and relies on a flawed study to assess the New York State Film Tax Credit Program without consulting Empire State Development.The program drives employment and investment in communities around New York that, as several states have learned, would disappear without it.The editorial incorrectly states the program doesn’t “nearly return the investment.” It actually has a positive return on investment, which is repeatedly noted in legislatively-mandated, publicly available biannual studies that are published online.Instead, the editorial bases many of its opinions on a Koch Foundation-funded study that claims there’s been no change in industry employment since the credit was created in 2004. Yet the industry grew in 2005, 62 productions applied for the credit and spent nearly $900 million here; and in 2017, 229 productions applied and spent nearly $4 billion. The number of hires rose from more than 68,000 to more than 112,000.The study’s data set excludes many below-the-line workers on film and TV productions. It also measures the percentage change in employment, not the actual number of jobs lost or created. So numbers that look negligible actually represent significant changes.In just the last few years, 35 productions that filmed in the Capital Region have spent over $307 million, including Succession, A Quiet Place, The Place Beyond the Pines and many others. Film and TV productions support livelihoods for production workers, caterers, hospitality workers and many others throughout the state.Rhoda GlickmanAlbanyThe writer is senior vice president, Film, Arts and New Media Development, Empire State Development.Meg Kelly is capable, committed as mayorOn Nov. 5, I will vote to re-elect Meg Kelly, mayor of Saratoga Springs. Collaboration, compromise and communication are the guiding concepts of her administration. Meg is a Five C’s candidate worthy of serving a second term. Meg is:Caring: Meg is a champion for CODE Blue, Saratoga’s homeless and other deserving populations, consistently seeking partnerships and funding for those most in need.Centered: Meg is goal-oriented and self-confident. Whatever the issue, you can count on Meg to listen well, consider all options and engage partners in productive dialogue and action.Committed: As an example, Meg’s commitment to sustainability and environmental stewardship has resulted in numerous initiatives including recycling, solar panels, transportation options, open spaces, enhanced natural resources and trails.Constructive: Meg has linked partners, settled pending lawsuits and negotiated the development of the new parking structure at the City Center. The long-awaited Geyser Trail will break ground this fall.Creative: Meg is close to locating a new Fire/EMS station for the Eastern plateau, seeking out all options, using her resourcefulness to establish a much-needed viable alternative.Let’s join together to re-elect Meg: capable, competent with a can-do attitude for all Saratoga Springs residents.Connie SullivanSaratoga Springs Trump puts personal profits above livesWhy would Donald Trump withdraw our troops supporting our Kurdish allies, resulting in a bloody assault by the Turks, causing hundreds of deaths and purging thousands of Kurds off their land?For the same reason he does everything else: his own self-interest.Throughout his life, this egomaniacal narcissist, who claims to be a “stable genius” with “unmatched wisdom,” has had one top priority: himself and his business interests.This is followed by his family, his billionaire cronies, dictators like Putin and, lastly, his “core.”Trump Towers Istanbul is actually two towers holding shops, cinemas and offices for many businesses based in Europe and the Middle East. Trump actually admitted in 2015 that he had “a little conflict of interest because I have a major, major business in Istanbul.” Ergodan and others demanded that Trump’s name be removed after Trump placed an immigration ban on Muslims. But it now seems they are cozy again.But Turkey is only one of many countries where Trump has investments, which should raise concerns about potential foreign influence. Although he supposedly transferred control to his adult children with the promise of “no new deals” while in office, new properties have opened since, with several providing direct income to him.Trump has holdings in China, Georgia, Russia and Saudi Arabia and hotels in the United States where foreign officials pay him exorbitant rents. Several groups have filed lawsuits alleging violation of the Constitution’s Emolument Clause, but the money keeps rolling in. And the Kurds keep dying.Richard W. Lewis, Jr.GlenvilleGarcia most qualified for Supreme CourtTo the citizens of the 4th Judicial District: I am writing this letter as an endorsement of Julie Garcia for the Supreme Court of the 4th District. I have known Julie my entire life as a resident of her hometown of Moriah and as a teacher at Crown Point Central School where I teach Social Studies.As district attorney for Essex County, she engaged public and private partners to minimize crime and maximize public safety, all while reducing government spending. She also worked proactively to reduce crime, collaborating with treatment agencies, law enforcement, probation and other organizations to decrease underage drinking, driving while intoxicated, drug abuse and domestic violence.Julie is from the North Country of New York and knows what the people’s needs are. She has been tempered by personally tragedy and gained valuable experience around New York in various law professions. Julie is fair, reasonable and intelligent. She will make an excellent judge for our area.In addition, Julie is the only candidate that has years of experience as a prosecutor and defense attorney. Please join me in voting for Julie Garcia on Nov. 5.Shane A. ThelenMineville Categories: Letters to the Editor, OpinionFollow the leash law at Riverside ParkThe Riverside Park in the Stockade is a place my dog and I very much enjoy. However, I no longer feel comfortable taking her for walks there.On a daily basis, there are a number of other dog owners who completely ignore the signs posted to keep their dogs leashed.Recently, my leashed dog was attacked by a dog off-leash. Two deep bite wounds, a 4-hour visit in the animal hospital, two weeks of pain and a $500 vet bill could have been completely avoided if the owner had followed the leash law.We were lucky in that our dog will eventually recover. However, the situation could have been much worse. This leaves me wondering how another situation like this could be prevented.Could the police who drive through the park come at more heavily populated times and speak to the owners breaking the law? Could more signs be posted? Would a dog park in the abandoned tennis courts be beneficial in Riverside Park?Megan NoonanSchenectadyWill vote for Jaquith in early votingcenter_img As a senior citizen and active member of this community, I support Rosemarie Perez Jaquith for Town Board, and appreciate the opportunity of participating in early voting at Niskayuna Town Hall.Rosemarie is running for Town Board for the first time. As an elected member of the Niskayuna Board of Education, she regularly reached out to individuals in our community to understand their interests and concerns: one is our school budget. During five years of board service, Rosemarie voted for a  zero-percent increased budget whenever possible, but never in favor of exceeding the tax cap.Further, she deserves our thanks for her leadership during the years she served as school board president and vice president.It’s about time for New York to proactively improve voter participation. The flexibility of allowing nine days of early voting, including two weekends, eliminates barriers for many seniors and others in our community facing obstacles on Election Day.Early voting at Niskayuna Town Hall starts this weekend on Oct. 26. I will cast my ballot during early voting at Niskayuna Town Hall, Oct. 26 through Nov. 3. Rosemarie Perez Jaquith has earned my vote.Lynn SchnellNiskayunaRep. Stefanik lacks healthcare answersLast week. Rep. Elise Stefanik was at a community meeting in Johnstown. I asked questions on health care and her poor voting record. I questioned her on her vote to repeal the Affordable Health Care Act (AHCA), and her response was, “I did not like the way this bill was originated.”My follow-up question was if that were the case, why didn’t the Republican Party, which had control of the Senate, House and presidency in 2016-2018, reform the ACHA? They were dealing from a position of strength. The Republicans could have forced the minority party to alter or change the issues they were unsatisfied with. Instead Rep. Stefanik voted to repeal entirely the ACHA with no replacement plan. She had no answer.Stefanik has voted consistently to undermine the ACHA. Currently, the Republicans have legal cases to undermine the ACHA. On further questions to Rep. Stefanik, I asked would she prefer to go back to a health care system that was in place before 2009. Her reply was “No.” Yet Rep. Stefanik has no viable health care plan. Instead she vehemently decries she is against Medicare for all. It seems she is just against any health care.When will the congressional district hold Rep. Stefanik accountable for her poor record on health care?Jim NovotnyGloversville Hadam, Ringuette will move town aheadI am excited to see the town of Wright attracting so many young, new families who are bringing vitality and talents with them. Jackie Hadam and Anne Ringuette have chosen to locate in Wright and to raise their families here. They have also chosen to apply their talents and skills to town government by running for the town board.Jackie and Anne know the importance of creating a caring community. They and their families participate in events at the Gallupville House. Their children attend our local schools. After more than 10 years here, they have set down deep roots. Their professional knowledge and commitment will enable the board to wisely utilize tax money. Anne, a teacher, lives on a town road and knows how important and costly local road maintenance can be. Jackie is an attorney with a wealth of knowledge regarding unions and contracts.Both Jackie and Anne have done their homework to understand the town budget as well as the highway budget. They are sharp, intelligent, and ready to serve the residents of Wright. They will keep the town moving forward. I support them 100 percent.Jean BurtonGallupvillePratt deserves second term on LegislatureSara Mae Pratt was selected to fill a slot on the Schenectady County Legislature last spring. She has since decided to run for that position in our local elections next month. I’m pleased to have such a fine citizen running for office in Schenectady County, and I’m proud to give her my vote and my support.Sara Mae is an entrepreneur. She’s the owner of Puzzles Bakery & Café in Schenectady. Restaurants are a tough business to run successfully— many of them fail in the first year. But Puzzles is alive and well since its opening in 2015. If you didn’t already know, they employ people with developmental disabilities. Every purchase at Puzzles is a victory for our whole community.Sara Mae is smart and caring, as well as compassionate and strong. She understands the struggles of people and families who are affected by disabilities. Her drive, her compassion and her creative thinking are what we need to bring more solutions to the lives we live here. These are just some of the reasons why she is, and will continue to be, an excellent legislator for the people of Schenectady County.Steve OillGlenvilleRybak runs firm, fair court in Clifton ParkI am proud to support Clifton Park Town Justice Robert Rybak, who has served our community for 40 years. His record of community involvement has benefited the residents of Clifton Park in a variety of ways.I worked with Judge Rybak and a group of concerned citizens who successfully fought to preserve 37 acres of pristine forest that the school district wanted to sell to a commercial developer. This land is now owned by the town for community use. His leadership kept us focused on winning this fight.Judge Rybak requires defendants to pay for any damage that they cause, attend a Victim Impact Panel when convicted of drunk-driving, and have a parent or legal guardian appear in court if they are under the age of 18.Judge Rybak is an experienced judge who runs one of the most transparent, efficient and effective courts where the rights of all parties are protected. An indication of his wide support is his endorsement by the Democratic, Conservative and Independence parties. He will also appear on the Working Families and Green parties’ lines. I hope the residents of Clifton Park will join me in voting for Judge Rybak on Nov. 5.Daniel MathiasBallston LakeVote early for Jaquith to Niskayuna boardlast_img read more

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Chart of the Week: Equity returns drive LGPS investment gains in 2018-19

first_imgThe £8.4bn (€9.2bn) pension fund for the county of Lancashire was the stand-out performer across the UK’s Local Government Pension Scheme (LGPS) in the 12 months to 31 March 2019, according to data from PIRC.An analysis of 64 LGPS funds from across England, Wales and Scotland showed Lancashire gained 11.7% in the 2018-19 financial year, ahead of the £1.2bn scheme for the London borough of Kensington & Chelsea, which gained 10.9%.Both schemes were aided by strong equity performance, with Lancashire posting the top equity return across PIRC’s sample, with 16%. Kensington & Chelsea’s equity allocation gained 12.9%.At the other end of the performance spectrum, the £733m Havering Pension Scheme – also linked to a London borough – reported a 3.4% return. Its performance was negatively affected by a 1.4% loss incurred on its allocation to diversified growth strategies. Four other London funds posted returns of between 4.3% and 4.9%. Best and worst performers in the LGPSChart MakerThe biggest fund in the LGPS, the £23.8bn Greater Manchester Pension Fund, performed below the median return for PIRC’s sample with a 5.6% gain, compared to the 6.2% average.Within asset classes, PIRC’s data showed that alternatives allocations performed particularly strongly across the LGPS. Islington’s £1.4bn scheme reported a 35.6% return from its alternatives portfolio, which was predominantly allocated to infrastructure, according to council documents.The £2bn pension fund for Gwynedd in north Wales reported a 24.8% return from its alternatives holdings, which included private equity and infrastructure allocations.The West Yorkshire Pension Fund posted the best returns from property, adding 13.3% for the year. The pension funds for Southwark, Surrey and Newham all also reported double-digit property returns.Long-term performancePIRC’s data also revealed LGPS funds’ longer-term performance, with figures covering five, 10, 20 and 30 years to 31 March 2019. Over 10 years, the London borough of Bromley’s £1bn scheme added 13.7% a year on average, the best of any of the LGPS funds analysed by PIRC.Bromley was closely followed by Scotland’s Orkney Islands Council Pension Fund, which has returned 13.4% a year over the same period. At £391m it is the smallest fund within the LGPS system.The two funds also led the way over 20- and 30-year periods.Best LGPS performers over 10 yearsChart MakerAsset allocationPIRC’s numbers showed little year-on-year change in asset allocation across the 64-fund sample, with the exception of a slight increase in fixed income holdings and decrease in diversified growth strategies.LGPS funds held an average of 55% in equities and 19% in bonds as of 31 March, the data showed. They allocated 11% to alternatives and 9% to property, on average.At the end of March 2019, there were 100 funds across the UK’s LGPS system with £347.1bn in assets under management, an increase of 6.3% compared to 31 March 2018, according to data compiled by IPE.Average LGPS asset allocation (%)Chart Makerlast_img read more

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Seanamic Boosts Flexlife and Umbilicals International US Teams

first_imgSeanamic Group has strengthened its ranks in Houston-based companies Flexlife and Umbilicals International.Specialist in the integrity management of flexible pipelines and umbilicals, Flexlife, has welcomed Paul Chittenden as business development manager.Chittenden has experience in the energy industry, having held similar roles at Proceanic, Pulse Monitoring Systems and GE Oil and Gas.Kirk Francis, regional director for Flexlife, said: “Paul’s skills will be invaluable as our office in Houston continues to grow. He has a vital role as we take on new projects, and cement our combined asset integrity management capabilities in the Seanamic Group.”Furthermore, Chris Kuykendall and Linda Villa have joined Umbilicals International as sales manager and procurement manager, bringing more than 30 years combined subsea experience to the firm.Bob Conners, CEO of Umbilicals International, said: “Chris and Linda are a welcome addition to Umbilicals International as we expand our capabilities to include subsea production control umbilicals with the addition of our Channelview site, and strengthen links between UI and the other companies in the Seanamic Group. I’d like to welcome them on board and wish them the very best.”last_img read more

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NCAA Football Playoffs

first_imgThe first rankings which will determine the final four in football will be released today.  They will continue to do this each week until the final listing occurs in early December.  That release will be the four teams that play for the National Championship.  The five major conferences are all hoping one of their teams will be in this 4-team exclusive list.This first release might contain 4 members of the SEC.  You can pick a whole bunch of those conference teams and not have to try very hard to justify their being in that group.  You can make an easy case for Mississippi State and Florida State since they are at or near the top of the current poll.  Add Alabama and Auburn and you will have the 4 members from this conference.I know that Michigan State will disagree as well as many other teams.  After TCU lit up the scoreboard with 82 points against Texas Tech, their fans will be very disappointed if they are not a member of this elite group.  I know the fans who see this first list will have bragging rights, but there are a lot of games to be played between now and when that final listing comes out.last_img read more

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