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  • Porter quits amidst accusations

    first_imgHowever, Colclough advised that tact was required, saying “Steve’s clearly been a great asset to the College, and a real help to all of the students here. He’s always done his best to help anyone in the JCR and it’s really sad to see him go.“However, today I received a letter from the Principal expressing his sadness and that of the SCR that Steve was leaving (which, in fairness, was a nice touch from the Principal).“Any further letters/protests/hunger strikes aren’t going to suddenly transform the situation. Steve hasn’t been sacked, he has resigned, so any further action on our part isn’t going to change anything (and I’m not entirely sure what else College could do anyway, other than bunging him a few million quid). Internal staffing politics isn’t necessarily black and white.“The College has heard our opinion and understands how much the JCR appreciates Steve. The best thing to do now rather than getting overly militant is to sign Steve’s leaving card when it is passed around next week and meet him at the Lodge when he leaves on Friday.”Jamieson himself, who was previously a scout at Hertford and played 1st XI football for the College, was unwilling to comment on the details of his departure. He declared how deeply sad he was to be leaving Hertford, saying, “It’s just a shame. I’ve loved the last three and a half years here, I thought I’d stay here all my life.”“I have always had the interests and the welfare of the students at heart. It’s just a shame that certain members of the College don’t share my views.”“It’s all about the students – these guys are fantastic, they are like family.”Jamieson is an exceptionally popular figure around Hertford, and this has been reflected by the overwhelming weight of student tributes towards him. Alex Woolgar, creator of the Facebook group, called him “one of Hertford College’s greatest assets, and a credit to the College. His professionalism is exemplary, and he’s a fantastic guy too.“It is absurd that Hertford is letting him go, considering his outstanding service to the College and its members.”Tim Boothman, JCR Treasurer at Hertford, added that Steve “will be sorely missed by all at College, including the vast majority of the JCR, MCR and SCR, as well as the other staff.”“He was an extremely professional, competent and friendly person who kept College functioning as it should, the first port of call for anyone with a query.”Another undergraduate, Qu Hsueh Ming, called Jamieson “an absolute hero”, adding that he was “frankly disgusted that Hertford are treating him so poorly. No doubt he’ll boss whatever he’s doing next, but Hertford won’t be the same without his dry wit.”Finalist Rohan Kandasamy echoed his sentiments, saying “Steve was the first person in Hertford I met when I visited the College for the first time. It was partly because of him that I applied here. He can’t leave! He’s too friendly!”Elsewhere in the group, affectionate tributes have been made to Jamieson’s attributes. According to Lowe, “There is no theory of evolution. Just a list of creatures Steve Jamieson has allowed to live.” Woolgar added, “when Steve Jamieson goes swimming, he doesn’t get wet. The water gets Steve Jamiesoned.”Hertford College declined to comment on Jamieson’s departure. Hertford students have been shocked and saddened this week by the resignation of popular Head Porter Steve Jamieson, following managerial disputes and clashes over internal College politics.Exact details of Jamieson’s departure have been clouded by the reluctance of both the College and the JCR to speak out, leaving the majority of Hertford students still unclear over the exact reasons for his resignation.A Facebook group set up in protest has gained over 300 members under the title, ‘Hertford College in support of Steve Jamieson’.On the group wall, ex-JCR President Thomas Lowe suggested Jamieson’s resignation had been strongly provoked by College actions.Lowe wrote, “Steve’s role as Head Porter had been expanded over the past few years because the College needed someone to be fire marshall etc.Then the College appointed a Home Bursar. Steve (and the Lodge) and the Home Bursar came into conflict over who was in control of what. This was exacerbated by Steve being better qualified than the Home Bursar and having more experience of the College.“The bureaucratic turf war came to a head when the College began an ‘efficiency drive’ and focused on the Lodge. Steve asked for mediation and for a public apology from the College over what he felt was bullying of Lodge staff. The College refused and he felt his position was untenable. He therefore handed in his resignation.”At the bottom of the comment, Lowe added: “*Disclaimer: This is my interpretation of events. Any references to real individuals/events is entirely incidental.”Current JCR President Jon Colclough wrote, “All I can say is that Steve has told me he would prefer to stay, we would prefer him to stay, but he is leaving. I would say that is reason enough to express dissatisfaction.” last_img read more

  • CIO at APG warns of dwindling benefits of diversification

    first_imgIt has also improved access to all asset classes.“Ten years ago,” he said, “investors were reluctant to invest in emerging market debt, but nowadays, this is a normal practice.”But he also warned that the new-found ease with which investors could shift assets worldwide had also increased herd behaviour.“There is an incredible amount of money looking for returns, and the current is always in the direction of the same investment opportunities,” he said. Van Gelderen said he was not particularly surprised by the increase in correlation among the various asset classes.“At the end of the day, all returns are based on economic growth, and this applies to all investments,” he said.In his opinion, increasing investments in non-listed assets such as infrastructure will fail to deliver the diversification pension funds desire, “as these investments are also GDP-driven”.However, he said there was no reason for APG to shy from less liquid investments.“For us, as a large investor, these investments carry the benefit that we can participate immediately,” he said. “Further, we are required to share profits with fewer players.”Van Gelderen made clear that the “new reality” of increasing correlation and dwindling diversification would not lead to direct changes in APG’s investment policy. Correlation within various asset classes has increased markedly in recent years and thereby reduced the risk-smoothing benefits of diversification, according to Eduard van Gelderen, CIO at €390bn asset manager APG.Speaking at Beleggersberaad 2014, the PensioenPro conference for investors, Van Gelderen said diversification was the “only investment belief APG needed to adjust”, following changes in the financial markets.“For a long period,” he added, “diversification was the only ‘free lunch’ in the financial sector, and one of our seven investment beliefs.”Van Gelderen attributed the increase in correlation to improvements in technology, which has made transferring assets from one asset class to another much easier.last_img read more

  • Powder Substance At Honda Not Toxic; Production Resumes *Update*

    first_imgUpdate (1:52 p.m.)We’re learning the powdered substance has been tested and police determine it is non-toxic and does not pose as a safety risk.Honda spokesman Anita Sipes says the substance was discovered along with a written note inside the manufacturing facility. State and local authorities were notified immediately.“Because the health and safety of our associates and their families is our highest priority, we stopped production during testing,” Sipes said.The Greensburg plant is working with law enforcement to investigate the criminal nature of the note. Production has resumed at the plant, Sipes added.First Report (12:30 p.m.)GREENSBURG, Ind. – An “unknown substance” was discovered at the Honda Plant in Greensburg Thursday morning.Greensburg Police and state troopers were called after the powder substance was found at the manufacturing plant.Spokesman Anita Sipes said a line had been shut down.Stay tuned to WRBI for any new details in this developing story.last_img read more

  • Here’s why Colin Kaepernick had to quickly change start time, venue for NFL workout

    first_imgColin Kaepernick’s workout scheduled for Saturday afternoon started falling apart before he even touched a football.The free agent quarterback was originally set to work out in front of NFL team representatives at the Falcons’ facility in Flowery Branch, Ga., beginning at 3 p.m. ET. That start time changed less than an hour before Kaepernick was supposed to take the field, however, because of “transparency” issues with the NFL. Kaepernick moved his workout back to 4 p.m. ET and shifted to a high school stadium in Riverdale, Ga. MORE: Kaepernick’s workout brings out protestors, supportersHere is the full explanation from Kaepernick’s representatives:Because of recent decisions made by the NFL, the workout for Colin Kaepernick will be changing to an alternate location in Atlanta which will now start at 4 p.m. All representatives from clubs are invited to attend and will be provided the location. Further, all media will be invited to attend and upon request will be provided with the location. From the outset, Mr. Kaepernick requested a legitimate process and from the outset the NFL league office has not provided one. Most recently, the NFL has demanded that as a precondition to the workout, Mr. Kaepernick sign an unusual liability waiver that addresses employment-related issues and rejected the standard liability waiver from physical injury proposed by Mr. Kaepernick’s representatives.Additionally, Mr. Kaepernick requested all media be allowed into the workout to observe and film it and for an independent film crew to be there to ensure transparency. The NFL denied this request. Based on the prior conduct by the NFL league office, Mr. Kaepernick simply asks for a transparent and open process which is why a new location has been selected for today. Mr. Kaepernick looks forward to seeing the representatives from the clubs today.Charles Robinson of Yahoo Sports offered additional details on the disagreement between Kaepernick and the NFL:A few things triggered the move of the Kaepernick workout:1.) There was a significant problem with the type of waiver #NFL requested. Kaepernick agreed to sign a normal Pro Day injury waiver. NFL asked for a more complex waiver with clauses about non-guarantees of employment.— Charles Robinson (@CharlesRobinson) November 16, 20192.) Kaepernick’s camp requested to tape the workout alongside the #NFL’s crew. They didn’t trust the NFL being the only ones with the tape. Kaepernick wanted it taped and released in its entirety to teams and the public after the workout. The NFL refused to allow them to tape it.— Charles Robinson (@CharlesRobinson) November 16, 20193.) When #NFL refused to allow Kaepernick to tape the workout and control their own copy, Kaepernick asked that media be allowed into the workout to view/record the session. NFL said no. That’s when Kaepernick felt the league refused to be transparent and asked to change venues.— Charles Robinson (@CharlesRobinson) November 16, 20194.) It’s now up to the #NFL teams to decide if they want their reps to relocate to the new venue. They have been invited on-site in Flowery Branch. The new location will also make it far easier for teams to access the local airport, meaning NFL reps can attend and easily fly out.— Charles Robinson (@CharlesRobinson) November 16, 2019The NFL reportedly presented the Saturday workout to Kaepernick as a take-it-or-leave-it deal, fueling speculation that the 32-year-old would choose to pass on the league’s offer. Kaepernick ultimately agreed to participate, though, saying he has “been in shape and ready for this for three years.”Unfortunately for Kaepernick, the event sounded more like a PR stunt than a genuine opportunity given the hoops he had to jump through in order to ensure he got a fair shot at landing a job. Several team executives were confused by the NFL’s decision to schedule the workout, and multiple reports point to reasons ranging from NFL commissioner Roger Goodell feeling bad about Kaepernick’s situation to the league being tired of teams reaching out about his status.Only adding to the circus, former NFL coach Hue Jackson, who was supposed to lead the drills at the workout, did not travel to the Riverdale venue.1) Former Raiders and Browns HC Hue Jackson flew to Atlanta this morning to conduct the Kaepernick workout at the league’s request…— Michael Silver (@MikeSilver) November 16, 20192) Kaepernick’s agent invited him to attend the relocated workout (which is more than an hour from the original location) less than an hour before it was due to begin. Jackson, however, is headed back to the airport.— Michael Silver (@MikeSilver) November 16, 2019More than 24 teams were expected to attend Kaepernick’s workout as of Friday night, per ESPN’s Adam Schefter, but it is unclear how many traveled to the new location Saturday afternoon.UPDATE: The NFL issued a lengthy statement regarding Kaepernick’s workout, expressing disappointment he did not appear for the original 3 p.m. start time and revealing it found out about his decision at 2:30 p.m. ET.”Today’s session was designed to give Colin what he has consistently said he wants — an opportunity to show his football readiness and desire to return to the NFL,” the statement said. “Twenty-five clubs were present for the workout, and all 32 clubs, their head coaches, general managers and other personnel executives would have received video footage of the interview and workout, shot by the Atlanta Falcons video crew.”The league claimed it made “considerable effort” to work with Kaepernick’s representatives, including agreeing to a request from Nike to shoot an ad at the workout. The NFL disputed Kaepernick’s description of the liability waiver process, saying that Kaepernick’s reps sent the league a “completely rewritten and insufficient waiver.” While the NFL did note that Kaepernick wanted to bring his own video production team and open the event to reporters, it did not specify if those requests were discussed or explicitly denied. The statement says it was always clear this would be a “private workout.”Despite all of the chaos surrounding the workout, Kaepernick’s status hasn’t changed.”[Kaepernick] remains an unrestricted free agent eligible to sign with any club,” the statement said.last_img read more