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Simmons and the NBA

first_imgSimmons and the NBA October 1, 2001 Regular News Simmons and the NBA I n what was supposed to be a celebration of the year’s accomplishments and a gathering to set new goals turned into a groundswell of controversy at the NBA annual convention. “I was prepared to tell you that all was well with the State of the Bar. And then calm became a storm, order became chaos, and good intentions became bad suspicions,” Evett Simmons said at the NBA Opening Plenary Session. The conflict arose from a lawsuit the NAACP had filed against the hotel for incidents that occurred during the Black College Reunion event in Daytona Beach in May 1999, and the NAACP’s urging to boycott the very hotel where the NBA conference was to meet. A dozen days before the July 28 convention began, Simmons sent out an urgent plea to NBA members not to join the boycott of the hotel chain because pulling the plug at the last minute could cost the NBA as much as $1 million. “Such a financial blow would ruin our organization and punish the community we serve,” Simmons said in a letter to NBA members. “As your president, I humbly urge you to bring your questions and concerns about the NAACP boycott to our 76th convention in Dallas where we can respond collectively and rationally.” The convention carried on at the Adam’s Mark, and Simmons told those gathered: “[NAACP] President [Kweisi] Mfume assured me that the relationship between the NAACP and NBA was not jeopardized by this temporary obstacle. We spoke also tonight with Chairman Julian Bond, who assured us that the NAACP had nothing to do with any picketing last night. Rest assured that our relationship with the NAACP is intact.” Simmons added that the chief executive officer of the Adam’s Mark chain and his staff met with NBA members to tell their side of the dispute with the NAACP, including a lawsuit he filed against the NAACP less than a week earlier. After the NBA was unable to persuade him to withdraw the lawsuit, the NBA membership appointed a task force to immediately deal with the Adam’s Mark litigation against the NAACP. “Let me say clearly, for the record, we are not afraid of taking strong action against the Adam’s Mark,” Simmons told the NBA members gathered at the convention. “We have not ‘sold out,’ nor will we hesitate to do whatever is necessary to make sure our members are treated with respect while we are in this hotel. At the same time, we must be careful not to demonize each other. We must be careful not to neglect the agenda that we came here to deal with. Out of the differences that divide, us, we must find a way to leave this convention whole, speaking with one voice.” When Simmons looks back on her year as president of the NBA, she counts among her successes: • “For the first time in our 76-year history, we are financially in the black. For the first time in our 76-year history, we are issuing an annual report on the activities of the bar. For the first time in our 76-year history, we established a partnership with the ABA and the National League of Cities to begin a campaign reducing racism in our cities.” • The NBA partnered with the National Organization of Black Law Enforcement and the National League of Cities to speak out against racial profiling. “Racial profiling is not limited to law enforcement,” Simmons said. “It is also prevalent in education. It has been labeled ‘tracking’ or ‘leveling’ or ‘ability grouping,’ but the bottom line is that it is ‘racial profiling.’” A recent Harvard study, Simmons said, revealed that black students were three times as likely as white students to be categorized as needing special education services. “Moreover, the richer the school district, the more likely that black male students will be classified as mentally retarded,” she said. • The NBA was very active during what Simmons calls the presidential “Election Fiasco.” “On two days’ notice, we filed an amicus curiae brief to the United States Supreme Court in the case of Bush v. Gore, wherein we set forth recommendations involving election reform,” Simmons said. “We established an Elections Task Force that took the lead in organizing other bar associations, working with the NAACP, the Lawyers Committee on Civil Rights and others in advocating voting reform and condemning the disenfranchisement of over 20 percent of the African Americans in this country.” As Simmons said: “Denying former felons the right to vote is a vestige of segregation. There is no reasonable explanation to deny a person the right to vote who has paid his or her debt to society. In the 2000 election in Florida, nearly one-quarter of the African Americans who were of voting age were denied the right to vote because they had a felony record.” • “Too many African-American youth are being tried as adults and being arrested at higher percentages than other youth,” Simmons said. “We have addressed the problems of youth who are too often being tried as adults in unfair legislation.” The NBA spoke out and held seminars on the disparate sentencing of black youth and the inequities of mandatory sentencing. • At a time when only about three percent of lawyers in the country are African American, Simmons pledged the NBA was “on a mission to grow our own lawyers.” The seeds were planted when 34 high school students of color traveled in July to the Crump Law Camp at Howard University for a two-week experience in law school. “All of the students’ expenses were paid so no student was deprived of coming because of expense,” Simmons said. “We even afforded two student spots each for the Asian Pacific Bar, Native American Bar, and the Hispanic National Bar Associations. The students of color, primarily African Americans, learned, worked, and played together with the common goal of going to college, then to law school to become lawyers.” • The NBA spoke out against the dearth of black federal judges. “At the time of my installation, we still had no African American on the federal bench in the Fourth Circuit, notwithstanding there being more African Americans in that circuit than any other,” Simmons said. After an emergency appointment by then President Bill Clinton, followed by pressure from the NBA, Simmons said, President George W. Bush nominated Roger Gregory for a permanent position on the federal bench, and he was confirmed by the Senate. • The theme of Simmons’ year as president was: “National Bar Association, from Social Engineer to Economic Engineer – the Next Frontier.” During its first 75 years, NBA lawyers were engineers for social change. The new challenge is to be engineers for economic empowerment, Simmons said. “Leading by example, I am president of Unity Property Development Corp., which owns real estate valued at nearly $2 million,” Simmons said. “The shareholders and officers of this corporation are all African-American lawyers, doctors, teachers, retired persons, blue-collar workers and others who came together to build one of the finest commercial buildings in Port St. Lucie, Florida,” Simmons said. “It took five years, but the property is doing very well, and the corporation is solvent. We need more of our members to be engineers for economic change. This does not necessarily mean investing. It can mean brokering a deal or making sure the legal aspects of a deal are beneficial to the African Americans involved.” In her last presidential message, Simmons said: “Many of us were children when formal segregation ended in this country. Many of us are first-generation middle- or upper-middle class. Yet, there are many of us who do not want to be associated with the past that brought us to where we are. We do not want to remember the ghetto, the farm, or the town from which we came, because it reminds us of an era to which we do not want to return. “However, if we thought long enough, we would remember that the reason that we are where we are is because someone came back or gave back and motivated us to do better. It is time for us to do the same.”last_img read more

CUNA: S&L bill should prompt action on credit union parity

first_imgAs a bill to give federal savings associations rights and duties equal with national banks passed a U.S. House committee, a series of lawmakers said Congress should also focus on relief for credit unions, which have a superior safety and soundness record.The House Financial Services Committee passed the bill, H.R. 1660, during a markup Tuesday.During the markup Rep. Ed Royce (R-Calif.) expressed concern that credit union relief was not on the day’s agenda.“Credit union regulatory relief should be front and center when we’re talking about relief for community financial institutions,” Royce said, just before submitting a letter from CUNA into the record. “I am hopeful this committee’s agenda will encompass a discussion in the near future on how to provide credit unions greater flexibility to underwrite small biz growth to underwrite job creation.”Royce’s sentiments were echoed by Reps. Brad Sherman (D-Calif.) and Maxine Waters (D-Calif.). Waters also urged the committee to take action on legislation that would increase credit unions’ member business lending cap to 27.5% of assets, up from the current 12.25% cap, in “the near future.”“We appreciate the support that members of the committee, including Reps. Waters, Sherman and Royce, gave to credit unions and we thank Chairman Jeb Hensarling [R-Texas] for his support of credit union regulatory relief legislation in recent years,” said CUNA Chief Advocacy Officer Ryan Donovan. “We look forward to working with the committee to advance more credit union legislation in the near future.” continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Want to learn, grow and change? Look in the mirror!

first_imgHere’s an excerpt from a McKinsey Quarterly article titled: “Why leadership development programs fail.”“Becoming a more effective leader often requires changing behavior. But although most companies recognize that this also means adjusting underlying mind-sets, too often these organizations are reluctant to address the root causes of why leaders act the way they do. Doing so can be uncomfortable for participants, program trainers, mentors and bosses, but if there isn’t a significant degree of discomfort, the chances are that the behavior won’t change.”That’s right.1. Change is usually uncomfortable.2. All change starts with YOU––the leader. This means taking a good look in the mirror.3. Looking in that mirror might be the most uncomfortable thing you’ll ever do. I’m not just talking about correcting a bad behavior either. It’s uncomfortable to change the status quo, especially when you think it’s working––or when you don’t realize that it isn’t.As a leader you’re an agent for transformation. It’s your responsibility to take individuals and transform their efforts into a collaborative force for success. The most effective way to transform others is to lead by example- to model the behavior and level of performance you expect, and hope inspire in others.Embrace that mirror and become comfortable with being uncomfortable. You can’t change without discomfort- not yourself and certainly not others. It takes courage. A big part of the problem is our natural aversion to pain and discomfort. This is a hard-wired survival mechanism and it works great when we touch a hot stove or eat something that makes us sick. The bad news is this aversion to discomfort can also prevent you from straying from your cave to hunt for food when it’s cold outside––and it can keep you from growing as a person and as a leader.The status quo sucks!Seriously- you didn’t get where you are by clinging to the past––not if you’re a genuine leader. If you want truly inspire and lead others, you’ve got to keep learning, growing and moving forward. You’ve got to embrace the continual process of self-improvement.“Perfection is not a destination- it’s a never-ending process!”In The Sensei Leader I wrote:“When you truly lead by example, you are always engaged in the natural cycle of transformation. This cycle is as critical to an organization as it is to an individual. The leader’s role is to engage others in that process.”You know in your heart as well as your mind that your organization’s success depends on continual growth, development and innovation. You need and expect your people to learn, grow and develop. You expect them to change, adapt to change and embrace change.You’ve got to start with you!McKinsey continues…“Identifying some of the deepest, ‘below the surface’ thoughts, feelings, assumptions and beliefs is usually a precondition of behavioral change- one too often shirked in development programs.”Not in mine! We hold up the mirror and expect you to take a good look.The purpose of my workshops is to identify the human qualities and interpersonal strategies that help you become a more effective leader and finding out exactly where you need to build some muscles. You’ve got to be willing to take a good look in the mirror and you’ve got to be willing to embrace the discomfort of training to improve.One more thought from the McKinsey article:“Just as a coach would view an athlete’s muscle pain as a proper response to training, leaders who are stretching themselves should also feel some discomfort as they struggle to reach new levels of leadership performance.”Effective training is sometimes painful and even frustrating. When it gets frustrating, lean on this bit of wisdom we share in the dojo:“Frustration is the well from which all wisdom springs.”And when it gets painful, take a little dose of Hemingway:“The world breaks everyone, and afterward, some are strong at the broken places.”We call those people……leaders. Vision: To promote … Web: TheSenseiLeader.com Details 19SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Jim Bouchard “THE SENSEI LEADER is not just another leadership development program. It is a movement.”Our programs support this movement and help us fulfill our vision and mission…                                                                    last_img read more

CU tax exemption safe; remains NAFCU top priority

first_img continue reading » 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr House Republican leaders on Thursday introduced their tax reform bill, which, as urged by NAFCU, leaves the credit union tax exemption intact. NAFCU is examining the bill for any additional impacts on credit unions.“NAFCU thanks House Republican leaders for continuing to recognize the economic value the credit union tax exemption provides to the U.S. economy and American consumers,” said NAFCU President and CEO Dan Berger. “We’re staying in close contact with lawmakers in both the House and Senate – especially those on the House Ways and Means Committee and Senate Finance Committee – to ensure the preservation of credit unions’ tax exemption and to look out for credit union interests as this process continues to unfold.”The House Ways and Means Committee is scheduled to mark up the bill, the Tax Cuts and Jobs Act (H.R. 1), next week.The bill preserves the mortgage-interest deduction with a cap of $500,000 for newly purchased homes (grandfathering in existing homes), maintains state and local property tax deductions up to $10,000 and keeps the 401(k) retirement account intact. NAFCU is reviewing the bill for any potential changes to the unrelated business income tax (UBIT). The bill does propose making tax changes to executive compensation at tax-exempt organizations. It also proposes some Subchapter S tax relief, although it would fully eliminate the tax deduction for FDIC premiums for institutions with more than $50 billion in assets.last_img read more

Master of all I survey

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Time for nuclear power? Luhut tells tale of Indonesia ‘having it all’

first_imgCoordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has shared a story of his enlightenment that maybe Indonesia, after all, needs to have nuclear power.Luhut, a retired Army general, recalled a moment at the World Economic Forum in Davos, Switzerland, last month, in which he spoke to President Joko “Jokowi” Widodo, asking: “Who has wrought havoc in the world? It’s countries with nuclear power.”Luhut shared the story at the launch of the “Agriculture War Room” at the Agriculture Ministry in Jakarta on Tuesday. He said he was “triggered” to start the discussion on nuclear power with the President after seeing an American general who only wanted to speak with North Korea and China, and not with Indonesia. “[Indonesia] was overlooked. In my mind I was, ‘damn you’. I told him, ‘Hey, general, I am also a US graduate. You know what? Our country has it all’,” Luhut said.“As a general I also thought of having nuclear power, but President Jokowi is still discussing about prosperity issues. [But the American general] told me, ‘General, don’t ever think about that’. I thought in my mind, maybe only if we have nuclear power will it scare you.”Luhut closed his remarks with that statement, after boasting of the vast resources of green energy that Indonesia can develop. He shared the nuclear story to make a point that: “Indonesia has it all” in terms of resources for power generation and to become self-sufficient.It was not certain whether Luhut implied that he would use nuclear power for power plants, research or weaponry. Still, his current position contrasts with his previous stance that prioritized nuclear development for research purposes only, not as an energy source.Luhut in 2017 expressed reluctance when the Russian Rosatom State Atomic Energy Corporation offered to develop turnkey nuclear power plants in Indonesia.“However, we have told them that we are not ready yet. We need to raise public awareness, which takes time,” he said following a meeting with Rosatom representatives at his office in Jakarta in 2017.The new “Agriculture War Room” will allow the Agriculture Ministry to better update its data through a satellite-backed monitoring system, generating informations on the area of ​​paddy fields, fertilizer supply and harvest area. Apart from Luhut, Agrarian and Spatial Planning Minister Sofyan Djalil, Agriculture Minister Syahrul Yasin Limpo and House of Representatives’ Commission IV chairman Hasan Aminuddin attended the launch event, among others.Topics :last_img read more

COVID-19 infections among children overshadow plans to reopen schools

first_imgIn a separate statement issued on Monday, the IDAI noted that Indonesia was among the countries with the highest COVID-19 case fatality rates (CFR) among people aged 18 years and younger in the Asia-Pacific region.The CFR among children in the country stood at 1.1 percent, the group said, citing data from the national COVID-19 task force as of Aug. 16. This was much higher than the rates in China, Italy and the United States, each of which stood below 0.1 percent, while in Europe it was 0.3 percent.The CFR is the proportion of infection cases resulting in death.Meanwhile, the incidence proportion among children stood at 9.1 percent in Indonesia, which compares to 0.9 percent in China, 1.2 percent in Italy and 5 percent in the US. Incidence proportion is the likelihood of children being infected with COVID-19.The figures cited were collected by the IDAI from a number of publications, some of which used data prior to August.One of the reasons why more children in Indonesia contract and die from COVID-19 is malnutrition.“The prevalence of stunting, malnutrition and pneumonia is still high here. There are also those with tuberculosis and other comorbidity factors.“Even before the pandemic, we didn’t have a good report card [on health], so when the pandemic hit, the burden instantly tripled,” Aman said.The double burden of malnutrition in Indonesia has prompted concerns over children’s immunity.Basic Health Survey (Riskesdas) data from 2018 show that 30.8 percent of children below 5 years of age were stunted, while 2013 data show that the prevalence of obesity among 5-12-year-olds was 18.8 percent.Children below the age of 14 accounted for 8.4 percent of tuberculosis cases in 2018, while the United Nations Children’s Fund (UNICEF) said that pneumonia, congenital diseases and diarrhea were the main causes of death among young children.Government data as of Aug. 6 show that, from a sample size of about 6,000 confirmed infections, as many as 34 children were found to have pneumonia, while four had tuberculosis and several others asthma or hypertension.From a sample size of 1,000 deaths, some were children that had suffered from pneumonia, heart or liver problems or hypertension.Aman said that, because COVID-19 symptoms may resemble those of other illnesses common among children, like diarrhea and pneumonia, and because of a lack of awareness, among other factors, such cases ended up being treated like other diseases.Families would also be late in seeking treatment – in some cases, even a month after the onset of symptoms, he said. As a result, doctors would often discover that the children were already at a severe stage of illness when diagnosed; some passed away before receiving the optimal treatment, while others died even before undergoing tests.Under such circumstances, and coupled with other concerns by parents and teachers, the decision to allow schools in low-risk areas to reopen raises questions about the government’s preparedness for the possible emergence of new infection clusters from schools, as seen in some other countries.With inadequate testing and tracing capabilities and a limited capacity for isolation and intensive care unit (ICU) beds, there is much at stake for the nation’s young population.Indonesia has a total of 38,494 ICU and isolation beds, including for neonatal and pediatric cases, according to 2018 official data.Meanwhile, national COVID-19 task force spokesperson Wiku Adisasmito acknowledged that tracing capabilities were still low and that the country was trying to reach 30 contacts per confirmed case. Low testing rates also persisted, especially outside Jakarta.There are also concerns about transmission among schoolchildren’s older family members. Riskesdas data from 2019 show that 40 percent of people aged 60 years and older in Indonesia live in three-generation households, meaning they live with their children and grandchildren.Even as the decision to reopen schools would be left up to local administrations, and by extension to schools and parents, a lack of data transparency would not help lead to informed decisions, said Elina Ciptadi, cofounder of crowdsourced database KawalCOVID-19.”It’s not fair to shift the responsibility for reopening schools to parents when the decision itself is not based on data and they don’t know the risks they face,” she said.“Improve testing and tracing, and disclose the data to all the parents and teachers before they decide on whether to reopen schools or not,” she demanded.Much of the dilemma about reopening schools has been prompted by the severe digital divide among regions, which prevents effective distance learning in many cases. A recent study showed that the majority of people still find online learning too costly.The Education and Culture Ministry’s head of research and development, Totok Suprayitno, admitted that Indonesia was not at all prepared for distance learning, with teachers resorting to task-based learning instead of delving into more ideal teaching and learning processes.However, a simplified curriculum that included only essential competencies was expected to help teachers deal with the limitations of time and interaction during distance learning, he said.”Teachers are also allowed to map out their own curricula using the simplified curriculum as inspiration […]. This can [allow for] a diversification of approaches, instead of using a top-down [approach],” Totok said.Topics : Indonesia’s pediatricians have raised concerns over the government’s plan to allow more schools to reopen, given that the share of children among COVID-19 fatalities is higher in Indonesia than in other countries.With around 30 percent of Indonesia’s 270 million population being below the age of 18, at least 9,216 children have been infected with the disease in the country as of Aug. 6.Child deaths accounted for 2.3 percent of the overall COVID-19 death toll, which exceeded 6,000 on Tuesday, official data show. According to figures from the Indonesian Pediatric Society (IDAI), which are lower than those of the government, 59 COVID-19 deaths and 318 suspected deaths among children were recorded as of Aug. 10.Forty-two percent of the 59 deaths are children who never got to celebrate their first birthday, followed by children aged 1-5 years (24 percent), 6-9 years (14 percent) and 10-18 years (20 percent).”Some of the deaths occurred because the children had comorbidity factors, but for others it was because we acted too late,” said IDAI chairman Aman Bhakti Pulungan.“Even with comorbidity factors, they shouldn’t have died,” he said during a press conference held on Monday in protest of plans to reopen schools.last_img read more

Decision-makers seek a real financial return

first_imgINTRO: IRCA Secretary-General Antoine Martens briefed Murray Hughes on the aims of the XXVIIth IRCA-UIC Congress in MarrakechINTRO: XXVIIth IRCA-UIC Congress, Marrakech, October 6-10WHEN THE world’s most senior railway executives gather in the Moroccan city of Marrakech this month they bear a heavy responsibility. Railways everywhere are undergoing the most far-reaching structural changes in their history as governments press them to stop spending taxpayers’ money. The Marrakech event presents the opportunity to set an agenda for the next five to ten years that could lead to the railways gaining the independence they crave and put them on course to make a real financial return.Not for nothing has the International Railway Congress Association picked the theme ’The Rail Mode: from Economic Necessity to Financial Return. Although the IRCA is bound by statute not to take a particular stance – partly because it counts 27 governments among its members, it is conscious of the need to steer strategic thinking towards what only a few years ago would have been inconceivable. It is a non-profit organisation, and other members include 97 railways and 14 organisations such as the Association of American Railroads and the Association of Latin American Railroads. There are also 10 associate members from the industrial sector.Three sub-themes for the congress are intended to persuade delegates to tackle specific strategic subjects:last_img read more

ADNOC in $4B pipeline investment deal with BlackRock, KKR

first_imgAbu Dhabi’s ADNOC has signed a multi-billion-dollar pipeline infrastructure partnership with KKR and BlackRock, two of the world’s leading institutional investment funds.As part of the transaction, a newly formed entity called ADNOC Oil Pipelines will lease ADNOC’s interest in 18 pipelines, transporting stabilized crude oil and condensate across ADNOC’s offshore and onshore upstream concessions, for a 23-year period.The entity will, in turn, receive a tariff payable by ADNOC, for its share of volume of crude and condensate that flows through the pipelines, backed by minimum volume commitments.Funds managed by BlackRock and KKR will form a consortium to collectively hold a 40% interest in the entity, while ADNOC will hold the remaining 60% majority stake. Sovereignty over the pipelines and management of pipeline operations remain with ADNOC.The transaction will result in upfront proceeds of approximately $4 billion to ADNOC and is expected to close in Q3 2019, subject to customary closing conditions and all regulatory approvals.“BlackRock and KKR’s long-term investment underlines the attractiveness of Abu Dhabi and the UAE as a rapidly emerging investment destination for international capital. This transaction marks the first time that leading, global institutional investors have deployed capital into key midstream infrastructure assets of a national oil company in the Middle East,” ADNOC said.As part of the deal ADNOC Oil Pipelines is leasing 18 pipelines of a total length of over 750km, and a total aggregate capacity of approximately 13,000 Mbblpd (gross).According to ADNOC, these assets represent key midstream infrastructure for Abu Dhabi’s energy ecosystem, allowing for the vast majority of Abu Dhabi’s crude oil production to be transported from ADNOC’s onshore and offshore upstream assets, to Abu Dhabi’s key takeaway outlets and terminals for conversion to other products, or on to global energy markets.Most importantly, this transaction marks a milestone for ADNOC and Abu Dhabi as it paves the way for further significant foreign direct investment into the UAE,” Sultan Al Jaber, UAE Minister of State and ADNOC Group CEOThe pipelines have underlying long-term minimum volume commitments and are supported by crude oil production from ADNOC Onshore and ADNOC Offshore –  onshore and offshore operating companies in ADNOC with global IOCs as JV partners, each with an average remaining concession life of over 35 years.Commenting on the transaction, Sultan Al Jaber, UAE Minister of State and ADNOC Group CEO, said: “The level and sophistication of the investors that we are attracting as financial partners to invest, alongside ADNOC, in these select pipeline assets is a clear reflection of the UAE’s stable, attractive and reliable investment environment. It also demonstrates the global investment community’s validation of ADNOC’s progressive and smart approach to unlocking value from its portfolio of assets while retaining control over their ownership and operation.”“This transaction is another example of the innovative steps we are taking to constantly optimize our assets and capital and deliver sustained value to both ADNOC and the UAE. We are creating a range of attractive opportunities for global and regional institutional investors to partner and invest alongside ADNOC to enhance value from our sizeable infrastructure base, drawing on our expertise in structuring and packaging value-enhancing partnership programs that preserve Abu Dhabi’s ownership and control of its assets. Most importantly, this transaction marks a milestone for ADNOC and Abu Dhabi as it paves the way for further significant foreign direct investment into the UAE.” Henry Kravis, Co-Founder, Co-Chairman and Co-CEO of KKR, said:  “We have created an innovative core midstream infrastructure platform alongside ADNOC and BlackRock that can be a catalyst for further foreign investment and broader economic transformation in the United Arab Emirates. Having long had a presence in the region, we appreciate the high quality of ADNOC as a partner and Abu Dhabi’s investor-friendly environment to enable our first direct investment in the region. With this transaction as a precedent, we believe there is substantial potential to do even more.”“For many years BlackRock has had strong relationships in the United Arab Emirates and across the region, so we are especially pleased to be able to play a role in this landmark transaction,” said Laurence D. Fink, Chairman and CEO of BlackRock. “Public-private partnerships are essential for investment to drive continued economic growth in the region, and we believe that today’s agreement among ADNOC, BlackRock and KKR will be followed by many more such partnerships to invest in the future growth of the region.”last_img read more

Franklin County Resident Arrested for Prescription Forgery

first_imgFRANKLIN COUNTY, Ind. — 1 person was arrested on multiple counts of Prescription forgery.The Franklin County Sheriff’s Department initiated an investigation, after a complaint was made by the Brookville Family Dentistry.During the investigation, the Sheriff’s Department discovered that Jessica Andre, 29, of Brookville, an employee of the practice, was prescribing herself Oxycodone under Dr. Michael Bent’z practice.Andre was arrested on 18 counts of Obtaining by Fraud; Forged Prescriptions.She faces up to 2 and a half years in prison, and up to a $10,000 fine.last_img