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State sues owner of NFL’s KC Chiefs in investment scandal – Santa Fe New Mexican

Posted: September 4, 2017 at 4:43 am


The owner of the Kansas City Chiefs struck a pay-to-play deal with former Gov. Bill Richardsons administration, the State Investment Council alleges in a new lawsuit, claiming the billionaire NFL scion secured hundreds of millions in state investment money by leaning on Richardson insiders Anthony and Marc Correra.

The father and son are at the heart of a massive Richardson administration investment scandal that continues to shake out almost eight years after Richardson left office. Richardson and the Correras have denied any wrongdoing, though Marc Correra, who filed for bankruptcy last year, has admitted he received about $20 million in fees from fund managers and others doing business with the State Investment Council.

The council, responsible for managing $21.5 billion in public trust funds, claims Chiefs owner Clark Hunt, 52, was able to secure $300 million in investments for a hedge fund in which he was a partner by using the Correras influence with former state investment officer Gary Bland.

The lawsuit, filed in the First Judicial District Court in Santa Fe in late August, is just the latest legal case involving investment deals during the Richardson administration. In July, a state district judge approved a deal between the state and a Chicago-based investment firm, Vanderbilt Capital, for $24.25 million in a decadelong case. Vanderbilt had lost about $90 million in state funds through bad investments, though a judge did not determine there was evidence the company had committed fraud.

The state also has a pending lawsuit against the Correras, as well as Bland and Guy Riordan, a Richardson friend and former securities broker.

Hunt, the son of Lamar Hunt, who founded the Chiefs franchise as the AFLs Dallas Texans in 1960, became CEO of the team after his fathers death in 2006.

A message left for an Albuquerque lawyer of Hunts was not immediately returned.

The State Investment Council says in its lawsuit that the $300 million allocation from the council to the Hunt hedge fund was three times larger than any other received by fund managers who responded to the investment councils request for proposals.

Hunt and his business partner met face to face in 2005 with the Correras at the Albuquerque International Sunport, according to the complaint, where the Correras told Hunt that by virtue of Anthony Correras close relationship with Governor Richardson and their close relationship with Bland, they had influence with respect to the selection process. The suit claims fund managers referred to the elder Correra as gatekeeper to Richardson and state investments.

Hunt and his partner, Barrett Wissman, who is not named as a defendant by the suit, paid Marc Correra a fee, according to the complaint, and Bland then awarded the Hunt-connected hedge fund the $300 million allocation, even though the State Investment Councils hedge fund adviser did not recommend that hedge fund be given any allocation whatsoever.

Bland was authorized to award the investment funds unilaterally, without advising the investment council or obtaining its consent. But the millions in management fees paid to the hedge fund enriched Hunt and Wissman, the suit claims, at the expense of the states billions in public trust funds, which include the Land Grant Permanent Fund and Severance Tax Permanent Fund.

The suit claims Hunt authorized the fund to pay a broker-dealer associated with Marc Correra 25 percent of those management fees as a finders fee, despite the fact, as the suit claims, that Correra did not find the well-publicized request for proposals but rather was able to tilt the selection process.

Hunt and Wissman knew they were paying for influence and were participating in a fraudulent scheme, the complaint alleges, seeking restitution, civil penalties, compensatory and punitive damages and others.

The hedge fund underperformed the state benchmarks; one of its investments lost the State Investment Council more than $13 million, the suit says.

The complaint names as defendants Hunt, the hedge fund which received the SIC allocation known at the time as Arbitex Asset Management, now called HFV Asset Management and 20 unnamed defendants. These John Does are, the State Investment Council says, Hunt family trusts through which Hunt owned some or all of his interest in HFV and/or of the trustees of those trusts.

The case was assigned to District Court Chief Judge Sarah Singleton, according to court documents.

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State sues owner of NFL's KC Chiefs in investment scandal - Santa Fe New Mexican

Written by grays |

September 4th, 2017 at 4:43 am

Posted in Investment

Indonesia’s regulator eases investment rule to aid infrastructure funding – Reuters

Posted: at 4:43 am


JAKARTA, Sept 4 (Reuters) - Indonesias financial regulator has changed its rules governing investments by non-bank financial institutions, according to a new regulation signed last week, in a move aimed at getting those firms to support government infrastructure projects.

The OJK revised a regulation first implemented in January last year that required insurance companies, pension funds and other non-bank financial institutions to keep a minimum percentage of government bonds in their portfolio to help provide stability to the debt market.

In the revised version, the OJK has expanded the options for required investment products to include instruments issued by state-owned companies and their subsidiaries used to finance government infrastructure projects.

The new list of instruments includes asset-backed securities, as well as the so called limited participation mutual funds (RDPT), according to the regulation signed on Aug. 29, which took effect immediately.

The government is trying to create a market for such instruments. Last week, state-controlled toll road operator PT Jasa Marga sold 2 trillion rupiah of securities backed by the future revenue from one of its toll roads.

Other state-owned firms plan to raise funds in a similar way as part of a presidential drive to secure $10 billion in additional inflows, capitalising on Standard & Poors May 19 upgrade of the countrys credit ratings to investment grade.

Accelerating infrastructure projects is among the main focuses of Indonesias government and project financing is one the main hurdles.

The World Bank estimated that Southeast Asias largest economy would have to spend $500 billion to meet its infrastructure needs in the next five years and public spending alone wouldnt be enough.

The overall amount of government-linked securities the OJK requires non-bank financial institutions must keep as a minimum percentage of their investments remains unchanged from last years rules.

Such securities must make up at least 30 percent of pension funds and life insurance companies investments and 20 percent of general insurance firms investments. (Reporting by Gayatri Suroyo and Fransiska Nangoy; Editing by Sam Holmes)

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Indonesia's regulator eases investment rule to aid infrastructure funding - Reuters

Written by admin |

September 4th, 2017 at 4:43 am

Posted in Investment

HEALTH AND FITNESS: How to be carb smart – Aiken Standard

Posted: at 4:42 am


Nutrition information tends to be complicated and contradictory, making an answer to the question, What should I eat? anything but simple.

This is particularly true when it comes to carbohydrates. On one hand, current recommendations call for carbohydrates to be a major part of your diet. On the other hand, very popular low-carbohydrate diets are at odds with these recommendations.

Low-carbohydrate diets work because eating too much carbohydrate leads to fat storage and weight gain, so restricting carbohydrates can promote fat loss. People who follow low-carbohydrate diets tend to lose weight, so this approach makes sense. It is also likely that people who follow low-carbohydrate diets find them easier to stick to than other diets, so they may end up eating fewer calories.

Considering that the typical American diet contains too much carbohydrate from sugars and refined grains and not enough whole grains, restricting carbohydrates may have some benefits. But there is another approach: be smart about your carbohydrate choices. Instead of cutting out all carbohydrates, focus on reducing refined grains and sugars and emphasizing whole grains.

Sources of carbohydrates include whole grains (such as whole wheat bread), refined grains (white bread), and sugars. Both refined grains and sugars tend to raise blood glucose rapidly, a measure called the glycemic index, which leads to an increase in certain hormones. One of these is the hormone insulin, which stimulates the uptake of nutrients into cells, including the storage of fat in adipose tissue. This is one reason why eating carbohydrates are linked to fat gain and why restricting carbohydrates leads to fat loss.

But carbohydrates from whole grains dont raise either blood glucose or insulin as much. This low and slow response has several benefits, including improved blood glucose regulation, lower triglycerides, and, potentially, reduced fat storage. For these reasons, complex carbohydrates from whole grains are called good carbs, in contrast to refined grains and sugars, known as bad carbs.

You can be smart about carbs by limiting your intake of sugars, especially added sugars, and refined grains while increasing your consumption of whole grains, fruits and vegetables that are high in fiber. When comparing food labels, look for foods that contain whole grains (the first ingredient should be something like whole wheat flour) and higher levels of fiber. But be aware that some foods, like many breakfast cereals, contain whole grains but are also high in added sugar. The best advice is to get the majority of your carbohydrates from real food, including vegetables, fruits, whole grains and legumes, rather than from processed foods.

Something to keep in mind is that although low-carbohydrate diets are associated with weight loss and good health, they are not the only way to achieve these benefits. Indeed, people who are considered to be fit and healthy have a wide range of eating patterns. The one factor they have in common is that they are active. It seems that regular exercise is just as important as what you eat when it comes to promoting health. So, regardless of what you eat, make physical activity part of your daily routine.

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HEALTH AND FITNESS: How to be carb smart - Aiken Standard

Written by grays |

September 4th, 2017 at 4:42 am

Posted in Health and Fitness

Health and Fitness Center celebrated its 10th anniversary on Thursday – The Rotunda

Posted: at 4:42 am


You have to be able to take care of yourself, before saving the world, said Alina Cioletti, a fitness and wellness coordinator for Longwood University.

The Health and Fitness Center had their 10-year anniversary on Aug. 31, going from 10 a.m. to 7 p.m. The event sought to incorporate all of campus, trying to offer something for everyone.

I can remember the grand opening, saidDean of Wellness MatthewMcGregor.McGregor was there for the opening of the gym before then there wasnt a place for students to maintain a fitness life who were not involved in sports.

Half of the gym was left open for students to come in and have their normal workout, but then it was hoped that the students would stay for the Wellness Fair and to check out the other festivities.

The Involvement and the Human Resources Faculty Benefits fairs coincided with the anniversary, at different points of the day. The Health and Fitness Center also decided to have their annual wellness fair on their anniversary date.

We decided to reach out and collaborate with others, said Associate Director of Campus Recreation Marissa Musumeci. We didnt just want it to be another event.

All events took place inside or outside of the building with water provided at different stations.

I hope to see that we have a lot of faculty, students, and staff members; part of the day will be raffles and games, said Musumeci leading up to the event. The other part will be educational, where people can learn about services on the university or in the community.

Outside of the Health and Fitness Center, WMLU, Longwood's student radio, provided music. There was also a collection of students participating in a variety of outdoor activities. There were moon bounces both inside and outside of the facility.

A few of the specialty activities involved in the fair included the moon bounces, aqua massages, oxygen bar, paraffin wax and smoothies.

There were also machines to help with stretching of the back muscles along with free smoothies all offered in the back of the gym. McGregor said the goal is to help students, faculty and staff understand the value of living a healthy life style.

Both faculty and student staff members worked during the anniversary and enjoying the festivities when their shift ended.

Working the fair is really fun because you get to meet a lot of people around the campus, said kinesiologysophomore Katy Bonilla. (Im) most excited about the free stuff and (the) aqua massage.

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Health and Fitness Center celebrated its 10th anniversary on Thursday - The Rotunda

Written by grays |

September 4th, 2017 at 4:42 am

Posted in Health and Fitness

Take the Back Pain Out of Backpacks – Quad City Times

Posted: at 4:42 am


Take the Back Pain Out of Backpacks | Health and Fitness | qctimes.com Already a subscriber?

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Little boy elementary student with backpack and sandwich box isolated on white

Little boy elementary student with backpack and sandwich box isolated on white

SUNDAY, Sept. 3, 2017 (HealthDay News) -- Backpacks can mean backaches for schoolchildren, but an orthopedic surgeon has advice for parents and kids about how to keep soreness at bay.

"Parents should inspect their child's backpack from time to time," said Dr. Joshua Hyman of New York-Presbyterian Morgan Stanley Children's Hospital in New York City.

Kids "often carry much more than they should, with extra shoes, toys, electronic devices and other unnecessary items," he explained in a hospital news release.

Hyman suggests that before sending kids off to school, parents should follow these backpack safety tips:

Researching family history? Looking for a photo of something you remember from childhood? Want to see what was happening the day you were born? Try our digital archive, where you can search the text of every edition we've published -- in all its iterations -- going back to 1855.

A unique book that provides an up-close and personal look at farm life. Yours for only $29.95 for a limited time.

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Take the Back Pain Out of Backpacks - Quad City Times

Written by admin |

September 4th, 2017 at 4:42 am

Posted in Health and Fitness

Health and Fitness Blog: Fight off the Freshman 15 – The Charlatan

Posted: at 4:42 am


Everyone at one point in time entering university has probably heard of the infamous freshman 15, the so-called 15 pounds first-year students often gain.

So how can youa bright-eyed, bushy-tailed freshmanavoid said 15 pounds? How can you stay healthy throughout the entire school year? Its actually pretty simple. Eat a well-rounded diet and exercise.

Before we get to the tips, lets address a few things.

Being healthy is 80 per cent diet and 20 per cent exercise, so believe it or not, but consuming your weight in alcohol and following that with a basket of chicken wings will not be balanced out by a bottle of water and 30 minutes of running the next day. Lastly, slimness isnt the same thing as healthiness, so regardless of your body size, keep your health habits in check!

So now that we have that out of the way, maybe keeping off the freshman 15 isnt enough to deter you from late nights of drinking, eating junk food and consuming a litre of your preferred energy drink. But, there are plenty of other reasons one can consider. To name a few, youll have more energy, and eating well and exercising can promote better mental health, so youll feel more confident overall.

Without further ado, here are some tips from an upper-year to stay healthy in university.

Exercise regularly.

Figure out what you enjoy and make time for it in your schedule. Carleton has a great gym and offers classes throughout the week. Or if youre cheap, go on a scenic run or do some yoga around our gorgeous campus.

Drink up.

Water, that is. Water promotes healthy skin, energizes the muscles, balances your bodily fluids and keeps your brain in top shape.

Follow your moms orders and eat your fruits and veggies.

Believe it or not, your body is not made up of ramen and chips. Fruits and veggies provide your body the nutrition it needs to stay healthy that typically wont be found in your mac and cheese boxes.

Try to sleep 6-8 hours a night.

I personally think its really unhealthy that our generation promotes thriving off of little to no sleep constantly. Your body needs sleep. Look up any medical study and it will show you that your body needs sleep to repair itself and work at its optimal condition. Most of the best students I know get ample amounts of sleep, do well in their academics and are able to have extracurriculars because they have good time management skills. So moral of the story: prioritize sleep.

I hope you find these tips useful and youll be able to thrive this year in university, not just survive. Remember that balance is key: a night on the town with your friends is always a good idea if done in moderation. Best of luck!

Photo by Angela Tilley

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Health and Fitness Blog: Fight off the Freshman 15 - The Charlatan

Written by grays |

September 4th, 2017 at 4:42 am

Posted in Health and Fitness

Make health and fitness your priority EverFit Studios Open House this week! – countylive.ca

Posted: at 4:42 am


Open house week begins Tuesday, Sept. 5 at Everfit Studios, 8 Stanley St., Bloomfield.

Kathy Terpstra, owner

The studio specializes in small group fitness, personal training, nutrition for weight loss, Fascial Stretch therapy and being proactive with your health. (See schedule and descriptions below)

Everybodys invited to try out the classes to see which ones work best for your health goals! As well as clases, there will be information sessions throughout the week on fascial stretch and the InForm Nutritional Program.

Fascial stretch can help alleviate pain, increase flexibility and improve blood circulation. Find out more: Tuesday, Sept. 5th 4:00-4:30pmWednesday, Sept. 6th 11:00-11:30amThursday, Sept. 7th 9:30-10:00am

Those looking to lose some weight, have more energy and feel good in their skin again are invited to sit in on the InForm nutritional program Tuesday, Sept. 5 at 5 p.m. or Thursday, Sept. 7 at 5:30 p.m

Sign up for the free class pass, or get more information by contacting owner Kathy Terpstra at http://everfitstudios.ca/contact

Terpstra brings 20-plus years to the fitness industry and is a certified Fascial Stretch Therapist and nutritional coach, CanFitPro personal trainer specialist, yoga and pilates instructor.

Andrew Binks

Andrew Bolton

Personal training is also being offered with Andrew Binks on Tuesday and Thursday mornings and he will be teaching Dance Fusion (Thursday mornings) as well as Barefoot Bootcamp (Thursday afternoon).

EverFit Studios welcomes the addition of Adam Bolton, a part-time County resident who has been teaching in Toronto. He teaches several different types of classes and will be focusing on CORE Dynamics (Mondays) as well as a RESET Restorative class on Tuesday evenings.

Formal classes begin Monday, Sept. 11th and run to Friday, Nov. 3.

See the article here:
Make health and fitness your priority EverFit Studios Open House this week! - countylive.ca

Written by grays |

September 4th, 2017 at 4:42 am

Posted in Health and Fitness

Five ways to mix up your health and fitness routine for the rest of 2017 – Sport360

Posted: at 4:42 am


Dont let 2017 be the year when youre looking back complaining about not achieving certain goals or mixing up your fitness routine.

To help, here are five ways to mix up your training programme to make a happier finish to the year.

There are plenty of excellent group fitness classes daily around Dubai and Abu Dhabi with the chance to train either before work in the morning or the evening time.

All it takes is 50 minutes for a training session to make you feel mentally and physically sharp.

It may take a while to find a class that suits you, but if you go with friends, itll make it easier and more enjoyable.

The benefits of committing to a group class is that youll get pushed harder than an average training session on your own.

If you want to be committed to a class then book into 10 classes for a set fee and that will force you to go on a daily basis.

Although were not blessed with long stretches of sunlight in the evening, you can run any time of the day over here.

If youre eyeing up the Dubai Marathon in January or any event across the calendar year, you should take advantage of the weather as it slowly cools down.

Wherever you live across the UAE, there are plenty of running routes available (check out pick of the best in Abu Dhabi and Dubai).

If you want to take it a bit more seriously, then invest in a sports watch or heart rate monitor which can be linked to many free apps on your IPhone (MyFitnessPal and MapMyRun).

Depending on where you are living around Dubai, there are many outdoor workout stations to train for free, ex: Skydive Dubai, Al Barsha Park, and the Marina.

You dont need fancy equipment and having simple tools like pull-up bars, dip bars make it easier to put a tough workout together.

If youre unsure of exercises you can do that require minimal equipment then google circuit workouts.

Yoga is incredible popular in the UAE, and this was seen during the Reebok Yoga Fest and Dubai Fitness Fest last year.

It has so many benefits, from reducing the risk to injury to increasing muscle strength and flexibility.

There are lots of yoga classes available and can act as a different form of training if you are doing cardio and other sports.

Being part of a sports club is the best way to keep fit and make friends. Spending one to two evenings a week with a team is a great method of socialising, keeping fit in a fun environment, and most importantly, taking your mind off the stressful demands of the working week.

Whether youre in a new country or looking for a lifestyle change at home, being part of a team is one of the best ways to boost happiness and stay healthy.

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Five ways to mix up your health and fitness routine for the rest of 2017 - Sport360

Written by grays |

September 4th, 2017 at 4:42 am

Posted in Health and Fitness

Reasons to Revive Your Healthy Resolutions Today – POPSUGAR Health and Fitness Australia

Posted: at 4:42 am


So you yep, you! cancelled your resolutions for 2017.

Whether you deleted them back in March, when no one was really looking, or you almost made it through Winter but the cold weather got the better of your willpower, we're here to tell you that you absolutely can still smash your healthy new year resolutions . . . and now three months out from Summer is the perfect time.

Here's why:

No need to wait until January 2018 to come up with similar resolutions to the ones you didn't finish this year. If you start now you'll be four months into your new healthier way of life.

Think way back to when (and why) you created your goals. Was after a few weeks of over-indulging? Or was it because you desperately needed a lifestyle change? Whatever the reason, remember the catalyst for the decision and let that be your motivator.

Sure, you ignored your resolution for most of the year but it's still there in that part of the brain where you keep all those other things you know you really should do (like your tax and visiting your grandmother more). Pick it back up and refocus on getting back on track even if it's been six months since.

Okay, not the very first but you'll definitely join a select group of people who see their resolutions through each year. Studies have shown that nine percent of people who make resolutions stick to them, be part of the nine percent.

If you need a little push, or you're not sure how to truly nail healthy eating, your fuss-free guide awaits you. So ditch the excuses and revive/refresh/resuscitate/rejuvenate/rescue (and all the other "R" words) your resolutions this week.

Image Source: POPSUGAR Photography / Diggy Lloyd

Original post:
Reasons to Revive Your Healthy Resolutions Today - POPSUGAR Health and Fitness Australia

Written by grays |

September 4th, 2017 at 4:42 am

Posted in Health and Fitness

Health and Fitness Blog: Balancing work and studies – The Charlatan

Posted: at 4:42 am


For many students, going to university means living away from home for the first time. With that comes a truckload of adult responsibilities, like paying bills, which can be overwhelming on top of a university course load.

For about 50 per cent of Canadian students, working a part-time job during school is necessary to make ends meet. But, maintaining a healthy balance between school, work, and extracurriculars, while still having a social life, can be tough. Here are a few tips so you dont get too overwhelmed and stressed out.

Manage your time

Time management is an important part of a work/school balance, and is a great skill to develop for adult life in general.

If youre a student juggling part-time work and a full course-load at school, odds are you dont have a whole lot of spare time. But there are lots of little ways you can use your time more effectively and get more done in a day.

For example, instead of just putting in your headphones and staring out the window, do your readings on the bus ride to or from work or school. Youre not doing anything during that time anyway, so you might as well learn something.

Prioritize

Something I find helpful is making a list of assignments or tasks I need to accomplish, and then organizing it in order of urgency or importance (if youre a real freak you can even colour-code this list by class, like I do). So if you have a week to do a reading but an assignment due in two days, do the assignment first.

Get a planner, agenda or calendar

If youre anything like me, youve probably completely forgotten to do an assignment at least once. Having a place to write down deadlines is an important part of making sure you meet those deadlines.

Because my memory is garbage, I also find it helpful to put a bunch of alarms and reminders in my phone to help me remember assignment deadlines, tests and other important dates.

Dont want to spend money on a planner that youre not sure youll use? Keep an eye out for all the free stuff available during frosh week. The Rideau River Residence Association and the Carleton University Students Association usually have free agendas and notebooks available in their offices (did I mention that theyre free?).

Ask for help

If youre feeling totally overwhelmed by your job and your courses, odds are your grades are going to be affected. So if youre struggling academically, just talk to your professors! Most of them are human beings who understand what youre going through and will help you out.

Say no

Maybe sometimes youre just too busy with school to cover someones shift or go to that sports game. Maybe you dont want to go to that frat party, and thats fine. Sometimes you need to take time for yourself and recharge.

Take time for you

Self-care is important, but healthy self-care is even more important.

As good as it might feel to stay in bed all day or eat an entire pack of Oreos as a meal or drink your sorrows away at Ollies, there are so many other forms of self-care that are not destructive to your body and mind.

Go for a walk or run or bike ride, and just do something that gets you outside. Studies have shown that going outside can improve your mental health, boost your immune system, restore mental energy and reduce stress.

Get a good nights sleep. Spend time with people you love. Spend some time with yourself. Drink good coffee. Eat good food. Listen to music that makes you happy. Do yoga. Call your mom. Drink water. Meditate. Jam out. Have a nap.

Photo by Angela Tilley

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Health and Fitness Blog: Balancing work and studies - The Charlatan

Written by simmons |

September 4th, 2017 at 4:42 am

Posted in Health and Fitness


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