Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
Journalist @baltimoresun writer artist runner #amwriting Md Troopers Assoc #20 & Westminster Md Fire Dept Chaplain PIO #partylikeajournalist

Monday, March 18, 2013

Neptune rides the sea monster

Perhaps saxaphone-playing alligator might be great addition to Westminster Band

New York Times DealBook: SAC Looks on the Bright Side | Dimon's Clout Is Questioned | Stocks Fall on Cyprus Bailout | A Blankfein Wedding

New York Times DealBook: SAC Looks on the Bright Side | Dimon's Clout Is Questioned | Stocks Fall on Cyprus Bailout | A Blankfein Wedding

NYTimes.com Home |Business Day| Video
The New York Times

MONDAY, MARCH 18, 2013
TODAY'S TOP HEADLINES

M & A Diller Takes on Cable TV

INVESTMENT BANKING HSBC Said to Plan Thousands of Job Cuts

PRIVATE EQUITY AXA Private Equity Raises $2.3 Billion Fund

HEDGE FUNDS Pershing Square Investors Want Details on J.C. Penney

OFFERINGS Moleskine to Woo Investors Before I.P.O.

VENTURE CAPITAL Square's Dorsey Has Political Ambitions

LEGAL/REGULATORY Central Banks Urge Overhaul of Libor

For the latest updates, go to dealbook.nytimes.com »
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BY WILLIAM ALDEN
SAC LOOKS ON THE BRIGHT SIDE The $616 million fine against SAC Capital Advisors that was announced on Friday by the Securities and Exchange Commission would be enough to cripple some hedge funds. But SAC saw the positive in the penalty, which settles two insider-trading lawsuits brought by the government, DealBook's Peter Lattman writes. The $15 billion hedge fund said in a statement that the settlements were "a substantial step toward resolving all outstanding regulatory matters."

Some investors also cheered the development, as it removed the fund's exposure to litigation against two former employees. The Blackstone Group, whose $550 million investment makes it SAC's largest outside client, views the settlements favorably, Mr. Lattman reports. But it's still too early to say what Blackstone will decide to do come the mid-May deadline to ask for its money back, a person familiar with Blackstone's thinking said.

Rival hedge fund managers and securities lawyers criticized the settlements of $602 million and $14 million as too weak, even though the S.E.C. called the larger penalty the biggest settlement ever of an insider trading case. "While $616 million would normally be a massive penalty, for Cohen this is basically a drop in the bucket," said Bradley D. Simon, a criminal defense lawyer and former federal prosecutor in New York. "There is also no debarment or admission of wrongdoing."
DIMON'S CLOUT IS QUESTIONED The Senate hearing on Friday over JPMorgan Chase's huge trading loss shines an uncomfortable spotlight on Jamie Dimon, the bank's influential chief executive. Though Mr. Dimon wasn't present while his top lieutenants were being grilled, the hearing and the Senate panel's report could create fresh challenges for an executive long considered an expert manager of risk, Ben Protess and Jessica Silver-Greenberg report in DealBook.

Some investors and even members of the bank's board are becoming frustrated with Mr. Dimon's "off-putting arrogance," as one shareholder put it. Mr. Dimon isn't likely to face a serious threat to his power. Still, two board members are concerned about the repercussions of Mr. Dimon's comments last April that dismissed the disastrous trades as a "tempest in a teapot," people briefed on the board's thinking said. "The concern is that those statements - made months after Mr. Dimon learned the trades had breached the firm's internal alarm system hundreds of times, according to the Senate report - could put the bank in a precarious situation with regulators investigating the trades," DealBook writes.

"And government officials who would speak only anonymously say that Mr. Dimon, faulted in the Senate report for strong-arming regulators, is also losing sway with some authorities in Washington."
STOCKS FALL ON CYPRUS BAILOUT Shares of big banks fell on Monday after the announcement this weekend that bank depositors in Cyprus would be forced to share the cost of a European bailout. HSBC fell more than 2 percent in Hong Kong trading, and Standard Chartered was down about 2 percent in trading in London.

The scene in Cyprus was chaotic. "The euro fell sharply against major currencies ahead of the action, as investors around the world absorbed the implications of Europe's move," The New York Time's Liz Alderman and Landon Thomas Jr. reported.

European Union leaders are proposing a 6.75 percent tax on deposits of up to 100,000 euros to help pay for the bailout. Nicos Anastasiades, the Cypriot president, who said he was trying to persuade the leaders to modify those demands, described in apocalyptic detail what might happen if Cyprus did not approve the rescue: a "complete collapse of the banking sector," major losses for businesses and depositors and a possible exit for Cyprus from the euro zone.
ON THE AGENDA Chancellor Angela Merkel of Germany holds a press briefing in Berlin with with President Francois Hollande of France at 1:45 p.m. Peter Orszag, the former White House budget director and current Citigroup executive, is on Bloomberg TV at 8:10 a.m. Bart Chiltonof the Commodity Futures Trading Commission is on CNBC at 8:30 a.m. The analyst Meredith Whitney is on CNBC at 4:10 p.m.
A BLANKFEIN WEDDING Lloyd C. Blankfein, the chief executive of Goldman Sachs, has gained a daughter-in-law. Mr. Blankfein's son, Alexander, 27, was married on Saturday at the Vizcaya Museum and Gardens in Miami, in an outdoor ceremony beneath a chuppah and a canopy of trees. The bride, Cristina Mercedes Ros, 26, is a founder of Circle of Women, a group in Cambridge, Mass., that promotes women's education. The couple met at Harvard, where they are both pursuing M.B.A. degrees, according to an item in The New York Times. Rabbi Judy Kempler officiated the ceremony. The groom is to become a consultant at Bain & Company in September, according to The Times.

Among the guests at the wedding was Joshua Kushner, founder of the venture capital firm Thrive Capital. Mr. Kushner, son of the real estate developer Charles Kushner and brother of Jared Kushner, owner of The New York Observer, was Mr. Blankfein's roommate when they were undergraduates at Harvard.
Contact: @williamalden | E-mail
MERGERS & ACQUISITIONS »
Diller Takes on Cable TV Barry Diller, the chairman of IAC/InterActiveCorp, is backing Aereo, a start-up that challenges the television business by streaming broadcast signals over the Internet. "In this environment, your friends really are your enemies. Anything you're going to do more than likely disrupts somebody's business," Mr. Diller told The New York Times's David Carr.
Dropbox Buys an E-Mail App Dropbox is buying the maker of the e-mail app Mailbox, in a move to expand beyond file-sharing and storage. The terms were not disclosed.
AT&T Hints That It May Sell Assets
In Sweden, Cinema Chains Agree to Merge The combination of Finnkino and SF Bio would have an enterprise value of about $468.85 million, according to Reuters.
INVESTMENT BANKING »
HSBC Said to Plan Thousands of Job Cuts The Financial Times reports: "HSBC is gearing up for thousands more job cuts, with Europe's biggest bank by market value set to outline the next stage in its strategic overhaul at an investor day in two months' time."
JPMorgan Fund Raises $5 Billion for Corporate Debt Highbridge Capital Management, a hedge fund operator owned by JPMorgan Chase, raised a $5 billion fund to invest in certain types of corporate credit, Reuters reports.
Erin Callan: 'I Leaned In Far' In an interview on "Rock Center With Brian Williams," Erin Callan, former chief financial officer of Lehman Brothers, discusses issues facing women in the workplace.
China Commits $2 Billion to Latin American Investment Fund
For the latest updates, go to dealbook.nytimes.com »
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PRIVATE EQUITY »
AXA Private Equity Raises $2.3 Billion Fund The private equity arm of AXA, the French insurer, raised a fund to invest in European infrastructure, Reuters reports.
Ex-Goldman Partner Opens Private Equity Firm in Europe
HEDGE FUNDS »
Pershing Square Investors Want Details on J.C. Penney Officials at two state pension funds that are invested in William A. Ackman's hedge fund told Reuters that they plan to ask Mr. Ackman for more information about the long-term plan to turn around the ailing retailer J.C. Penney.
A Cautionary Tale at J.C. Penney James Surowiecki of The New Yorker writes that Ron Johnson, the chief executive of J.C. Penney, is demonstrating the wisdom of an observation by Warren E. Buffett: "When a manager with a reputation for brilliance tackles a business with a reputation for poor fundamental economics, it is the reputation of the business that remains intact."
Paulson Not Planning a Move to Puerto Rico After reports that he had looked at real estate in Puerto Rico for its tax advantages, John A. Paulson issued a statement saying he had no plans to relocate to the island.
I.P.O./OFFERINGS »
Moleskine to Woo Investors Before I.P.O. The notebook maker Moleskine is about to embark on its roadshow before an offering in Milan that could value it at up to $732.5 million, Dow Jones reports.
Empire State Building Moves Closer to I.P.O. According to a letter sent to investors on Friday, "the owner of New York's Empire State Building has secured nearly three-quarters of the votes it needs to proceed" with a controversial I.P.O., The Financial Times reports.
VENTURE CAPITAL »
Square's Dorsey Has Political Ambitions Jack Dorsey, the entrepreneur behind Twitter and Square, has dreams of becoming New York City mayor, he told "60 Minutes."
Tech Investors Back Start-Ups to Curb Gun Violence These investors are betting that "smart guns" and other technologies to prevent gun violence will be big business in the future, Reuters reports.
LEGAL/REGULATORY »
Central Banks Urge Overhaul of Libor The Libor rate should be replaced by a set of rates based on actual transactions, a group of central bankers said on Monday, Reuters reports.
To Reassure Investors, Fed Expected to Continue Stimulus"When the Fed's policy-making committee meets on Tuesday and Wednesday, its members are likely to spend a lot of time talking about the potential costs of the current stimulus campaign. Then the Fed's chairman, Ben S. Bernanke, will probably seek to reassure investors that the Fed plans to press on," The New York Times's Binyamin Appelbaum writes.
Attorneys General Press White House to Fire Housing RegulatorA group of state attorneys general is arguing that the policies overseen by Edward J. DeMarco, the acting director of the Federal Housing Finance Agency, are impeding the economic recovery, The New York Times reports.
S.E.C. Files Fewer Fraud Cases as Crisis Fades
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New York Times: Turmoil in Cyprus Over a Bailout Rattles Europe



Photograph of a branch of the Bank of Cyprus taken by Kevin E. Dayhoff on a recent trip to Crete in Greece. http://twitpic.com/ccbtw6

By LIZ ALDERMAN and LANDON THOMAS Jr. Published: March 17, 2013


NICOSIA, Cyprus — Europe’s surprising decision early Saturday to force bank depositors in Cyprus to share in the cost of the latest euro zone bailout set off increasing outrage and turmoil in Cyprus on Sunday and fueled fears that the trouble will spread to countries like Spain and Italy.

Facing eroding support, the new president, Nicos Anastasiades, asked Parliament to postpone until Monday an emergency vote on a measure to approve the bailout terms, amid doubt that it would pass. The euro fell sharply against major currencies ahead of the action, as investors around the world absorbed the implications of Europe’s move.

In an address to the nation, Mr. Anastasiades painted an apocalyptic picture of what would happen if Cyprus did not approve the strict terms: a “complete collapse of the banking sector”; major losses for depositors and businesses; and a possible exit of Cyprus from the euro zone, the 17 countries that use the euro as their currency…  http://www.nytimes.com/2013/03/18/business/global/facing-bailout-tax-cypriots-rush-to-get-their-money-out-of-banks.html?nl=todaysheadlines&emc=edit_th_20130318&_r=0
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Friday, March 15, 2013

Mismanaged Maryland

Mismanaged Maryland

Despite talk of reforms and budget cuts, Annapolis dabbles in excessive borrowing, noncompetitive projects and risky investments

March 11, 2013 | By George Liebmann

There is a sharp disconnect between the image and reality of the O'Malley administration's fiscal policies. The image features pension reforms, reduced structural deficits, a rainy day fund, and protection of programs. The reality includes deferred maintenance, transfer of costs to local governments, "Medicaid cuts" that shift costs to hospitals and the privately insured, revenue bond financing for core functions, failure to curb pensions and health benefits, raids on open space and Injured Workers' Insurance Fund revenues, over-reliance on gambling (both literally and within the state's pension funds), and set-asides for public employee and construction unions and politically engaged businesses and investment bankers — payoffs funded by kicking the can down the road.... http://articles.baltimoresun.com/2013-03-11/news/bs-ed-state-finances-20130311_1_pension-system-pension-fund-school-construction

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Gateway Pundit: Obama Sends 1,400 Manufacturing Jobs & Sensitive Technology to Brazil

Gateway Pundit: Obama Sends 1,400 Manufacturing Jobs & Sensitive Technology to Brazil

Yesterday, after a conflict-fraught deliberation process, the Obama Administration awarded the Light Air Support (LAS) contract to Brazilian-based Embraer over Beechcraft; a Wichita Kansas based company with a long history of  supplying the U.S. military with aircraft.  Had Beechcraft been granted the  contract, the company expected  to add or sustain 1,400 jobs in the U.S.  The Embraer plane, on the  other hand, will be primarily built in Brazil, with only  about 50 assembly jobs in the U.S.... Breaking: Obama Sends 1,400 Manufacturing Jobs & Sensitive Technology to Brazil

http://www.thegatewaypundit.com/2013/02/breaking-obama-sends-1400-manufacturing-jobs-sensitive-technology-to-brazil/#

 Google profile: https://profiles.google.com/kevindayhoff/
Kevin Dayhoff Art: http://www.kevindayhoff.com/ (http://kevindayhoffart.blogspot.com/http://www.kevindayhoffart.com/ New Bedford Herald: http://kbetrue.livejournal.com/ Twitter: https://twitter.com/kevindayhoff
Google profile: https://profiles.google.com/kevindayhoff/ “Each one should use whatever gift he has received to serve others, faithfully administering God’s grace in its various forms.” 1 Peter 4:10

Wednesday, March 13, 2013

The newly rebuilt graves of Wm Winchester and family in Westminster Cemetery

Sunset at the Westminster Cemetery

A great view of McDaniel College's Gill Stadium in Westminster Md

The McDaniel College women's softball team huddles after a game

More pictures from McDaniel Collage in Greece January 2013

McDaniel College in Greece for January Term 2013 photo exhibition Decker Lounge

The front of Grace Lutheran Church 21 Carroll St Westminster Carroll Co Md

Dr. Jim Lightner of McDaniel College and Westminster Rotary Club honor Carolyn and Dr. Robert Scott

Dr. Jim Lightner of McDaniel College and Carolyn and Dr. Robert Scott join Stephanie Dahlquist for a photograph as the Scotts recently received the Westminster Rotary Club’s Citizen of the Year.

“Carolyn and Robert Scott jointly received the Westminster Rotary Club's Citizen of the Year Award for 20U,only the fourth time the award has gone to a couple in the 50 years it has been given. Noting that the couple had previously received the Philanthropist Family of the Year Award from the Community Foundation of Carroll County.

“Awards Chair James Lightner listed decades of service by each recipient on numerous boards and with charitable organizations. A contribution to a charity of each of the recipient's choice was made by the Rotary Club In their honor. Pictured from left, are: Robert T. Scott, Carolyn S. Scott, Stephanie Dahlquist, and James Lightner.”
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Kevin Dayhoff is an artist - and a columnist for:

Twitter: https://twitter.com/kevindayhoffTwitpic: http://twitpic.com/photos/kevindayhoff
Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net

Tumblr: Kevin Dayhoff Banana Stems www.kevindayhoff.tumblr.com/
Smurfs: http://babylonfluckjudd.blogspot.com/
Google profile: https://profiles.google.com/kevindayhoff/

E-mail: kevindayhoff(at)gmail.com
My http://www.explorecarroll.com/ columns appear in the copy of the Baltimore Sunday Sun that is distributed in Carroll County: https://subscribe.baltsun.com/Circulation/
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Cardinal Jorge Bergoglio of Argentina has been elected the next pope

CNN Breaking News Cardinal Jorge Bergoglio of Argentina has been elected the next pope. He is the first non-European pope.

The decision came after the fifth ballot cast by the 115 cardinals since the papal conclave began Tuesday.

The new pope succeeds Pope Benedict XVI, who became the first pope to resign in hundreds of years. He stepped down February 28, citing advanced age.

The new pope becomes the leader of the world's 1.2 billion Catholics.

Follow complete coverage of the new pope on CNN TV, http://cnn.com
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Washington Post News Alert: White smoke signals new pope elected http://tinyurl.com/a8nu49j



White smoke billows from Sistine Chapel, signaling the college of cardinals has elected the next pope.


By Jason Horowitz and Anthony Faiola, Updated: Wednesday, March 13, 2:09 PM

VATICAN CITY — The cardinals of the Roman Catholic Church elected a new pope Wednesday to succeed Benedict XVI.

White smoke rose from the chimney of the Sistine Chapel, signaling the election and prompting a throng gathered in St. Peter’s Square to erupt in applause and cheers. The new leader of the world’s 1.2 billion Catholics will be revealed shortly when he appears in public for the first time.

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Kev McClellan Run Across America for Cancer


Kev McClellan Run Across America

March 8, 2013

Kev McClellan writes, “Cancer is a terrible thing, and by raising awareness, we can fight it. I'm running across the country to help raise awareness for cancer for the Ulman Cancer Fund for Young Adults.

“Any donation will help me with my journey. Pennies, Nickels, Dimes, Quarters! So if you see me, my pockets will gladly take your spare change!

“If you can spare some money, you can donate electronically here. Even $5 helps a lot!

http://4kforcancer.org/profiles/kevin-mcclellan/ (electronically, $5 is the minimum)

“Please, spread the word! Thanks so much.”

Any help you can give to Kev McClellan is greatly appreciated… Small donations to a good guy and a good cause add up. Kevin McClellan a fellow runner is one of “the three Kevins” - McDaniel College classmates – who went on the McDaniel in Greece Jan Term class. (The three Kevins in Greece, January 2013: Kevin E. Dayhoff, Kevin McClellan, and Kevin Alexander. McDaniel in Greece January 2013)




 Google profile: https://profiles.google.com/kevindayhoff/
Kevin Dayhoff Art: http://www.kevindayhoff.com/ (http://kevindayhoffart.blogspot.com/http://www.kevindayhoffart.com/ New Bedford Herald: http://kbetrue.livejournal.com/ Twitter: https://twitter.com/kevindayhoff
Google profile: https://profiles.google.com/kevindayhoff/ “Each one should use whatever gift he has received to serve others, faithfully administering God’s grace in its various forms.” 1 Peter 4:10

President Obama: The sky is falling March 13, 2013 by Kevin E. Dayhoff




Almost two weeks have gone by since the so-called “sequester” of the federal budget went into effect and all indications lead us to believe that the Zombie Apocalypse has not happened. Nor has it otherwise resulted in the end of the world as we know it.

Remember the sequester? It was the key and critical provision of the Budget Control Act of 2011, which took effect on March 1.

According to Dylan Matthews on March 1, 2013, in The Washington Post:

“The 2013 sequester includes: $42.7 billion in defense cuts (a 7.9 percent cut); $28.7 billion in domestic discretionary cuts (a 5.3 percent cut); $9.9 billion in Medicare cuts (a 2 percent cut); $4 billion in other mandatory cuts (a 5.8 percent cut to nondefense programs, and a 7.8 percent cut to mandatory defense programs).”

According to a number of astute political observers, including Chris Cillizza, also of The Washington Post, the sequester may very well have been over-hyped by a president who is not used to media scrutiny.

Mr. Cillizza wrote in “Did President Obama cry wolf on the sequester,” “In the days leading up to the March 1 sequester deadline, dire warnings about its impact were being issued daily from President Obama. Lines at airports would be interminable. First responders would be compromised. Things would be, in a word, bad.”

At my advanced age, I can easily recognize political silliness when I see it.

According to Media Research Center’s Brent Baker, who wrote in an article titled, “Krauthammer: Obama on Charm Offensive Because ‘Media Could No Longer Cover for Him,’” “Charles Krauthammer credited President Obama’s charm offensive toward Republicans to his losing the news media which couldn’t any longer abide his ridiculous sequester ‘cut’ exaggerations.

Mr. Baker is the vice president for Research and Publications at the Media Research Center, a conservative media watchdog organization and think tank.

President Obama’s strongest constituency, which, according to Dr., Krauthammer, “is not the left, it’s the mainstream media, could no longer cover for him without being entirely embarrassed,” Krauthammer observed last Friday night on the Fox News Channel, “It had to expose the one exaggeration after another on the sequester.”

Dr. Krauthammer went on to observe that … http://www.thetentacle.com/ShowArticle.cfm?mydocid=5670
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Jamie's Avon Walk for Breast Cancer



Accessed March 6, 2013 – March 9, 2013

Jamie Hein Petry: Please join my journey to the Avon Walk for Breast Cancer. If you are in a position to do so, please visit my page and click on the link to donate. If you are not, ALL support and prayers will be cherished! Thank you

[…]

I want this page to serve several roles as I make my journey from my couch to walking 39 miles around DC. I need to raise at least $1800.00 in order to be allowed to walk, so I would love for this page to make everyone aware of that need. Secondly, I need all the support, prayers, and love I can g...
Jamie
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Kevin Dayhoff is an artist - and a columnist for:

Twitter: https://twitter.com/kevindayhoffTwitpic: http://twitpic.com/photos/kevindayhoff
Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net

Tumblr: Kevin Dayhoff Banana Stems www.kevindayhoff.tumblr.com/
Smurfs: http://babylonfluckjudd.blogspot.com/
Google profile: https://profiles.google.com/kevindayhoff/

E-mail: kevindayhoff(at)gmail.com
My http://www.explorecarroll.com/ columns appear in the copy of the Baltimore Sunday Sun that is distributed in Carroll County: https://subscribe.baltsun.com/Circulation/
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