Chicago Teachers Pension Overpays Some Retirees

The State of Illinois and City of Chicago are both well known to have some level of financial distress. According to a recent news article (http://www.chicagotribune.com/news/local/breaking/ct-teacher-pension-payment-error-met-20160815-story.html), part of this issue could be due to mismanagement of funds in the various pension programs that the city and state sponsor.

The Chicago Teachers Pension Fund, which is one of the largest pension programs in the country, has reportedly been overpaying teachers out of the pension program. In recent years, the managers of the fund have reportedly overpaid retired teachers a total of $2.8 million. The overpayment was related to the misinterpretation by fund managers of laws that were enacted in 2012 that changed the way that the vesting dates of some former teachers were calculated.

In total, the school system and pension program believe that about 250 different retired teachers received benefits that they were not supposed to receive. The teachers that received the excess pension proceeds earn between $50,000 and $217,000 from pension income and the average teacher received about $12,000 in excess over the two year period.

At this point it is not yet determined how or when the pension program will be able to recoup the money that they lost. It is assumed that the teachers that received the pension income will be paying the money back over a certain period of time through either a lump sum payment or by received reduced benefits for several years. The issues that resulted in the overpayment have reportedly been fixed and cleared up by all parties involved and the city is also considering putting forth a more detailed plan of how to recoup overpayments should a situation such as this arise again.

The Interesting Rise of Yanni Hufnagel

At first glance Yanni Hufnagel might seem rather unassuming, a lithe, young Jewish man who was raised in Scarsdale and had a youthful penchant for basketball. However, Yanni Hufnagel along is anything but ordinary. In high school a youthfully optimistic Hufnagel learned to shoot, got pretty good at it but ultimately he was not good enough for Varsity and was eventually kicked off the team. He quickly realized that though he might not be able to make it as a pro player himself he knew that his theoretical grasp on the game was second to none. With these thoughts in mind he quickly gained a position as a recruiter and basketball coach at Harvard for The Crimson’s.

 

This opportunity provided quick momentous, not just for Yanni Hufnagel’s career but also for the Crimson’s win record. In the four seasons which Mr. Hufnagel has coached for the Crimsons they won the Ivy League for the first time in their tenure. Additionally, Hufnagel’s recruiting skills have also netted Harvard the 6’3 basketball phenom known as Jeremy Lin which has brought both men into the spotlight of the broader basketball world.

 

As of 2011, Yanni Hufnagel was voted one of the most likely to make it as a top recruiter in the basketball industry by CBS. The basketball coach Josh Pastner of the University of Memphis has also publicly stated that, “Yanni is a better recruiter than I am.” High praise indeed! As one might have assumed from Mr. Hufnagel proclivity for recruiting, he did indeed rise high in his profession and now works for the Nevada Wolf Pack Men’s Basketball Team and still keeps in touch with his old friend, Jeremy Lin who himself is now one of the most famous basketball players in the world.

Dr Shiva Vasishta has Some Exciting News about Treating MS.

A disastrous autoimmune ailment in which a person’s own immune system hunt for and assaults the central nervous system, is known as Multiple sclerosis. Up to date medical studies, however, has exposed that using large doses of immunosuppressive therapies that then make use of a transfer of an person’s own stem cells might create a remission of the multiple sclerosis, or MS.

Medical trials have revealed that 69% of participants who experienced high-dose treatments of immunosuppressants, afterwards using their own body’s stem cells, had lived without the illness advancing further along. People who encountered a remission of the illness were not required to take any prescription to carry on treating their multiple sclerosis.

The symptoms of multiple sclerosis differ to a great degree. The symptoms might consist of weakness, chronic pain, and speaking difficulties, in addition to extreme fatigue. This experimental and new treatment expects to restrain the illness by removing the MS related cells, and forcing a reset of the immune system.

Patients in the trial were discovered to have stayed in MS remission five years following the trial’s inception, in effect stabilizing their multiple sclerosis. Some people in the trial also exhibited obvious recovery, for example being able to now move around.

Medical Doctor Shiva Vasishta has broad expertise in neurology and psychiatry, out of New Jersey. Dr. Shiva Vasishta has almost 40 years of know-how in the arena of neurology. He graduated in 1979, from the esteemed Government Medical College and is a member of Eastern Neurodiagnostic.

Dr. Shiva Vasishta practices medicine and is licensed in New Jersey. His workplace accepts a range of insurance policies such as Blue Cross & Blue Shield, Medicare and Aetna. Dr. Shiva Vasishta is board certified in the arena of Neurology. His staff speak English and Spanish.

Ricardo Tosto, An Eminent Jurist Defines Brazilian Business Litigation

Ricardo Tosto, an eminent jurist and one of the major entrepreneurs of Brazilian law, defines Brazilian law and business litigation better. He has more than 25 years of experience in Brazilian law, and that helped him to define and understand almost all the complexities associated with the law. Ricardo Tosto is a partner in Leite, Tosto e Barros Advogados Associados, a São Paulo-based litigation and business consulting firm with more than 400 employees that includes lawyers and assistants.

Brazilian judiciary hierarchy is quite similar to how many of the countries have. The Superior Court of Justice is the highest court with state courts, and federal courts are considered to be ordinary courts. It has specialized courts like electoral courts to handle the disputes related to electoral matter and labor courts to take care of various disputes between employees and firms. Additionally, it has Military courts to ensure justice in Brazilian Armed Forces.

When it comes to business litigation, normally a case is filed by or against a business. There are many types of business disputes generally reported. However, when it comes to businesses, they normally file Breach of Contract, Interference with Business Relationships, Patent or Trademark Infringement, and Unfair Trade Practices. When it comes to the business, it can also be of four types, namely Wrongful Discharge, Bad Faith, False Advertising, and Personal Injury.

As a jurist specialized in business litigation, Ricardo Tosto is regularly consulted by politicians of various ideological shades, for governments, Brazilian and multinational groups, and Non-Governmental Organizations. His leads the lawyers in his firm and helps them in complex case scenarios. Apart from that, Ricardo Tosto trains and engages the new attorneys in making the transition easier. Ricardo Tosto collaborates with other jurists to initiate discussions to shape the business and corporate laws that are needed to address various complex situations of current times including business related cyber laws.

https://www.facebook.com/people/Ricardo-Tosto/100010033200857 for more.

 

Seattle Helps Local Nonprofit with Crowdfunding

When InterConnection’s founder, Charles Brennick, parked the company’s donation van at its Fremont headquarters during the holidays, he did not expect it to be stolen. After all, as a non-profit organization, InterConnection is not a prime target for significant theft. They refurbish older surplus computer equipment from individuals or companies to sell at discounted rates to low-income consumers or other nonprofit organizations. Unfortunately, the van was stolen over the holidays by a group of people who planned a different use for it. After stealing the donation van, the car thieves apparently then used it in an attempted robbery, damaging the van beyond repair.

 

This left InterConnection without any means of collecting the equipment donated to them. Donations primarily include electronic equipment such as computers and accessories, which is inconvenient for donors to drop off themselves. The pick-up service is a key part of how InterConnection obtains donations from individuals and businesses. Many of their donors simply don’t have the time or resources to bring the items to the headquarters, which will simply leave the company – and their clients – without donations. The high-demand of these generic vans also makes them a challenge to obtain.

 

Fortunately, the holiday spirit has not left the city of Seattle. InterConnection quickly started a crowdfunding campaign on GoFundMe, where they’ve raised over $2,000 already. Crowdfunding has become a fast way to notify a wide audience of a funding need, and allow them to securely donate to the cause of their choice. InterConnection is listed as a certified charity, and donations can be made via PayPal.

 

The Exceptional Career Profile of Dr. Scott M. Rocklage in the Healthcare Management Sector

Healthcare is one of the world’s sectors that are growing at a fast rate. Some of the areas within healthcare are expected to expand at rates, which are plainly out of the charts. Health care management is one of the fields that hold the top position in the healthcare industry for its ability to offer job stability and greater earning potential. Scott M. Rocklage is one of the individuals who has set an outstanding record of accomplishments in the arena of healthcare management. His unmatched experience coupled with strategic leadership opportunities have resulted in the licensing of three new drug applications, Cubicin, Omniscan, and Teslascan, by the U.S. FDA. He has also managed to enter six drugs into clinical stages.

Education

Rocklage is a proud alumnus of the prominent University of California and holds an undergrad in chemistry. He earned his Ph.D. in chemistry from the prestigious MIT where he carried out his research in the Richard R. Schrock’s laboratory. Dr. Rocklage is a developer or a co-developer of more than 30 U.S. patents and has over 100 peer-reviewed published research papers.

Career

Rocklage secured a high-status entry into the 5 AM Ventures in the capacity of venture partner in 2003. His commitment, research abilities, and exceptional leadership paid off and, within a year, he ascended to the managing partner position. Dr. Rocklage has served in many prominent firms as a healthcare management executive. For instance, he was the chairperson and chief executive of Cubist Pharmaceuticals, Relypsa’s board chairman, president and managing principal of Nycomed Salutar. He has also served at Catalytica and Salutar.

Dr. Rocklage previously sat on the Board of Governance of Relypsa and Novisa as the chairman. He is the current Board Chair of Kinestral, Epirus, Pulmatrix, Cidara, and Rennovia. He is the former executive director of healthcare firms such as Ilypsa, Semprus, and Milkana.

Philanthropy

Dr. Rocklage loves donating toward philanthropic causes that aim at improving life. He donated heavily towards the advancement of scientific research. He recently joined forces with Patty, his wife, to pledge $250,000 to finance the renovations of MIT’s nanotechnology and nanochemistry lab space.

An overview on 5 AM Ventures

5 AM Ventures is a premier venture capital company that specializes on establishing state-of-the-art life science firms with the ability to deliver exceptional revenues to its investors. The company offers unwavering support to companies, which are striving to find long-lasting solutions to pressing healthcare problems through groundbreaking breakthroughs in the fields of medicine and science. Its portfolio companies lead with unique tactics for diagnosing, preventing, and treating an extensive collection of medical conditions. 5 AM’s talented investment professionals boast superior scientific, operational, finance, legal, and medical expertise. The firm’s team utilizes time-tested, practical strategy for company building.

Relax, Chicago! Sasha Was Studying For A Test And Missed Dad’s Farewell Address

The beautiful city of Chicago was the scene of President Obama’s farewell address to the nation on Tuesday night. There in his hometown, Barack Obama bid an emotional good-bye after eight years in office. He paid a moving tribute to the First Lady Michelle “wife, mother of my children and best friend.”

 

President Obama then discussed his daughters, Malia and Sasha, calling them amazing young women. “You are smart and you are beautiful. But more importantly, you are kind and you are thoughtful and you are full of passion.”

 

It was quite moving, and Malia wiped tears from her eyes. Sasha, however, was not in attendance to hear her father’s wonderful speech. That is when her absence became quite noticeable during the farewell address.

 

The internet went wild with speculation about the Obama’s youngest daughter.

 

Where was Sasha, and why would she miss a huge milestone like this one?

 

Social media sites like Twitter were ablaze with questions, under the hashtag #WhereIsSasha.

 

Relax, city of Chicago and the rest of the world. Sasha had a good excuse for missing the President’s farewell address.

 

It’s called school and a next day exam, and that, ladies and gentlemen, is the reason the 15-year-old daughter of Barack Obama was missing in action during his good-bye speech in the Windy City. Sasha was busy hitting the books, confirmed CBS News’ Mark Knoller. The White House told Knoller that Sasha did not make the trip to Chicago, and she decided to stay in D.C. for an exam on Wednesday morning. By the way, the test was in science, according to the school website.

 

The Obamas will remain residing in the area until Sasha graduates. She’s a student at Washington, D.C.’s prestigious Sidwell Friends School. Malia and Cheslea Clinton both graduated from Sidwell.

 

 

 

Seattle to Open First Drive-Through Grocery Store

The federal food stamp, or SNAP, program has recently decided to test a program that allows SNAP recipients to shop for groceries online at specific retail grocers. Amazon and Safeway are among the seven grocers chosen for the pilot program, though the USDA intends to eventually expand the program to the rest of the nation.

 

The SNAP program has been undergoing other similar expansions to further ensure security and promote healthy choices for recipients. The USDA has already improved participation by farmer’s markets and incentivized healthy food choices, and this change is another in the same vein, focused on securely getting healthy food to those who need it.

 

Though the pilot program is for online orders, it will still be limited by state. For example, Amazon will be accepting orders in Maryland, New York and New Jersey, while Safeway will be accepting orders from Washington and Oregon. The USDA reports that the same limitations on eligible purchase items will be enforced, and security is a key component of the online ordering system.

 

Amazon is also expanding how it delivers food. The AmazonFresh delivery service already provides grocery delivery to homes. New buildings in Seattle will open soon as the first drive-through grocery stores, though membership and pricing has yet to be announced.

 

Technology innovations are still arriving quickly and their impact on produce and the grocery business are relatively unknown. As companies continue to find new ways of conveniently getting groceries to people, technology will become a key aspect of the process.

 

The Success Story of Highlands Capital Management

Highlands Capital Management is one of the most successful investment advisory companies in the country. The company, together with its affiliates has a net worth of $15.4 billion. The company was founded in 1993 by the duo of James Dondero and Mark Okanda. The company specializes in credit hedge funds, long only funds and CLOs among others. The company has been diversifying their investments so as to include other things such as pension plans, corporations, short and long equities and high net worth individuals. The company has offices in several places including New York, Sao Paolo, Seoul and Singapore.

The company has adopted a system of leadership where they invest in more than just the financial markets. The company has expanded their reach to include the communities in which their employees come from. They have been engaging in activities such as volunteerism, financial donations to both public institutions and involvement in national non-profit organizations. The success of the company was based on among other things the ability of the two men at the helm to strategize and improve the service delivery. By 1997 for instance, the company was in a position to buy out their partners, and they did so. This helped them remain with a major shareholding of their company.

With the start of the new Millennium, the company decided to create a different type of bank fund loan. This helped them create a 40 Act platform, which expanded the number and variety of investments that their customers could take part in. The company then got into a mutual agreement with Columbia Asset Management, the company that helped them acquire two floating funds. It is in 2008 that they decide to extend their reach beyond the US and get to the other locations around the world.

About Equities First

Equities First is a co-founder and the president of Highlands Capital Management. He has three decades of experience in investment banking. The worked at the American Express before he got the idea to work start his own hedge fund. He is a CFA and also a CMA. Through his drive and experience, a small Texas based fund has grown into a global fund.

Wedding Photos from George Street Photos and Videos in Phoenix or Philadelphia

If you are getting married in Philadelphia or Phoenix, then you have many wonderful choices of locations to get your wedding or engagement photos made. Of course, you will want to make it easier by working with the experts at George Street Photos and Video Locations.

Philadelphia

Imagine having amazing soft color photos taken on Broad Street in Philadelphia. Fine art photography looks equally awesome when taken on this street because of its iconic statues like the one of William Penn in the background. Alternatively, couples looking for a more natural environment will want to consider Franklin Eleanor Roosevelt Park with its lake, gazebo and bridges.

Phoenix

The beautiful architecture blends beautifully with the natural desert scenery in Phoenix. Couples may want to consider having their photos taken at Heritage Square with its gorgeous little houses while the Phoenix Science Center makes it easy to capture a more modern flair. The rock building at the Boyce Thompson Arboretum makes a great background for more traditional wedding photos while this place is loaded with beautiful natural settings.

There are endless possibilities in any city when you work with the professionals from George Street Photos and Videos.