ADDITIONAL E-MAIL FROM CHAIRMAN OF THE VCRP CONCERNING DAN McGINN RESIGNATION FROM VANDERBURGH COUNTY…

first_imgFrom: Wayne Parke [mailto:[email protected]]Sent: Saturday, October 14, 2017 3:06 PMTo: Dan McGinn Subject: Dan McGinn Email–Tax Increase/Redistricting/Resignation. Dan— You are correct; I have criticized your recent city council votes because in my opinion your recent City Council votes that you have cast are not in the best interest of the citizens and the Republican Party. This is the United States and every citizen has a right to express their viewpoint to their elected officeholders—including if they believe, the officeholder made a mistake. On top of that, you are my representative on the City Council and I am the Chairman of the Republican Party. With this party position, I have a responsibility to do what I can to make sure Republicans remain in good standing with the Party. I have received many complaints on your recent votes and not one person has indicated to me that they support your votes on these two positions. You ran for and was elected as a Republican—not an Independent. As I have in the past, I will continue to voice my opinion on issues to all elected officials no matter what party they belong to if I believe their vote is not in the best interest of the citizens and the Republican Party. As I have in the past, I will continue to voice my opinion on issues to all elected officials no matter what party they belong to if I believe their vote is not in the best interest of the citizens and the Republican Party. You are not acting like the person I once knew and I do not know why…“ As can be seen in my email below, I ask Dan to resign from the City Council. I stated “…If your email is an accurate representation of your line of thinking, I suggest you also resign from your City Council position as well. You ran and was elected as a Republican. You have already stated you are not going to run for re-election in 2019–so resign now from your position as a City Councilman, so voters can be represented by a Republican because that is what they thought they were getting when you ran for office. You are not acting like the person I once knew and I do not know why. Some of you have ask to see the three emails related to Dan McGinn withdrawing from the Republican Party. He states he is withdrawing from the GOP because I criticized him for voting for a local tax increase and my criticism of him on his vote for passing a resolution regarding redistricting. Note the three emails related to this subject are below. As previously stated, in my opinion, your vote to increase the local income tax on all the citizens of Evansville and Vanderburgh County was very poor judgement on your part. In your email, you state I am “totally ignorant” on the financial conditions of our City. What is the basis of this statement? Since some City Council members voted against the ordinance to raise income taxes, are Justin Elpers, John Hayden, Connie Robinson and Jim Brinkmeyer also ignorant? If Our City is in bad financial condition, you have been on the City Council for several years and played a big role in getting it that way. I do not believe the City is in bad financial shape. Dear PC—  If you agree or disagree with my thought/reasoning process, please email your opinion/thoughts to me. I am very interested in your opinion on these issues. FYI—so far, no one has told me they supported Dan McGinn’s email. Thanks.  Wayne ParkeChairman [email protected]+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ I accept you resignation as a Republican Precinct Committeeman. If your email is an accurate representation of your line of thinking, I suggest you also resign from your City Council position as well. You ran and was elected as a Republican. You have already stated you are not going to run for re-election in 2019–so resign now from your position as a City Councilman, so voters can be represented by a Republican because that is what they thought they were getting when you ran for office. The method of drawing political districts/boundaries is not dishonest, it is not unconstitutional and it is not cheating as indicated in your email below. What facts do you have to support your slanderous and incorrect claims? Elected legislators are the ones that setup the redistricting process. They must follow the Indiana Constitution and the Indiana State Statues when overseeing the redistricting process. If the Democrats believed this process was against the Indiana Constitution/Statues, they would be in court in a heartbeat. If voters do not like the things an elected officeholder does, they vote them out of office. That is the American process. Republicans have won most recent elections because they have had the best candidates and they best represent the desires of the voters. I suggest you examine the makeup of the Evansville City Council. I believe the last time the City Council was controlled by Republicans was over 35 years ago. Following your logic–does this mean the City Ward boundaries were illegally gerrymandered to help Democrats? If yes, have you introduced and supported an ordinance to get the City County Council to pass an ordinance to redraw the boundaries? The answer is– no you have not. What facts do you have to back up your slanderous statement that the Republican Party and I are dishonest? If I do not agree with you, does that make me dishonest? Subject: Dan McGinn Related Emails-Withdrawal from Republican Thanks. Wayne ParkeChairman VCRP EDITOR FOOTNOTES: The above e-mails are posted without bias, opinion or editing.FacebookTwitterCopy LinkEmailSharelast_img read more

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IBM Germany pension fund makes first foray into private equity

first_imgIBM Germany is preparing to diversify its pension portfolios by making its first foray into in senior secured loans and private equity.Speaking at the recent Handelsblatt conference in Berlin, Hans Dieter Ohlrogge, chairman at the company’s Pensionskasse and Pensionsfonds, said the former could not have considered private equity sooner due to the regulatory uncertainty for insurance-based vehicles surrounding the implementation of the Alternative Investment Fund Managers (AIFM) Directive.“But now we know we do not need complicated structures to invest in this asset class, we can start choosing managers and decide on which segment to invest in,” he said.Amendments to the new investment rules – applicable to insurers, Pensionskassen and Versorgungswerke – clarify which funds qualify for investments in private equity, direct lending or real estate. Any closed AIF or similar vehicle domiciled within the EEA or OECD with a sufficient license can be used to invest in private equity up to a limit of 15% of the total portfolio.Ohlrogge said it was important for the Pensionskasse to “really understand the products and their mechanics” offered in any asset class.“This has so far not been really the case for private equity, and we do not like managers that play their cards close to their chests,” he said.Ohlrogge said the pension fund would “like to do buyouts” but that this market was “more or less emptied out”.He said the scheme was therefore looking into venture capital, adding that, “in any case, if possible, we would also like to include secondaries”.For the initial planning process, IBM Germany enlisted the support of its US-based parent company, which has  invested in private equity for last 25 years.Ohlrogge also noted that the pension funds of IBM’s Dutch and UK subsidiaries invested in private equity in recent years and “have generally had good experiences”.But he acknowledged that, for the IBM Germany scheme, co-investments with the parent company or other subsidiaries would be “impossible”, as UK and US asset managers found it “difficult to guarantee tax transparency in those vehicles”.Additionally, IBM Germany used a consultant to come up with a long-list of possible managers, but Ohlrogge said he and his team wanted to do the final beauty contest themselves, “as we do in other alternative asset classes with face-to-face meetings”.Overall, Ohlrogge said he liked real assets because “yields are lastingly higher than from securitised debt”.However, the Pensionskasse is not invested in real estate because “too many others are looking into top locations, especially large insurers”.As a next step, he wants to look for further bond surrogates in the alternatives space and diversify more of the portfolio out of Germany.In the equity portfolio, Ohlrogge said he was “very content” with the overlay the Pensionskasse has had in place for more than four years now.He said this overlay was necessary, as “you cannot have a sufficient real-asset allocation without a risk overlay” in an equity portfolio.He confirmed that the overlay had cost the Pensionskasse 100 basis points of return in 2012 when markets were volatile, but he added that it gained the scheme the same amount a year later when markets were more stable.“Overlays cost money and cut off performance at the top, but, if you know that and calculate that in, it can protect you from massive losses and outperform in stable markets,” Ohlrogge said.For more on the changes in the new investment directive, particularly for real estate and infrastructure, click herelast_img read more

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Andersen scores big win at Eagle

first_imgBy Greg SoukupEAGLE, Neb. (July 9) – Shelly Andersen was the NAPA IMCA Northern SportMod winner dur­ing the Freedom Fest program Saturday at Eagle Raceway.This is Andersen’s first season back in the car after taking two years off to give birth to her daugh­ter Lexi.“The car felt really good tonight. Roger Sluka and Bruce Haskell do wonders with it. My cousin Jessie passed away Tuesday and I talked to my aunt on the way out to the races tonight,” she said. “This win is dedicated to Jessie and my family.”Jack Dover made a fantastic run in the RaceSaver IMCA EMI Sprint Car main after coming through the B and moving from his 16th starting spot to take the checkers. Dover’s only previous Racesaver Sprint Car victory came two years previous when he took the crown for the Sprint Nation­als.Rik Gropp raced to his first Kaplan University IMCA Modified victory since he took home the tro­phy in the 2008 Icebreaker Challenge.Travis Albracht made his first visit to the winner’s circle at Eagle following the Valentino’s IMCA Hobby Stock feature while Cole Krichau raced from 11th starting to win the Mountain Dew Kick Start IMCA Sport Compact main event.last_img read more

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I will fight to keep Lloris and key Spurs men, vows Pochettino

first_imgMauricio Pochettino says he will fight to keep Tottenham’s best players at White Hart Lane beyond the summer.The North London club have become well known for selling their star assets in recent years with the likes of Gareth Bale, Luka Modric and Dimitar Berbatov all making big-money moves.In recent weeks, Tottenham keeper Hugo Lloris has been linked with a switch to Manchester United, while Christian Eriksen and Jan Vertonghen are all likely to attract interest from top clubs in Europe, which is a real concern for Spurs fans.However, the Argentine head coach is adamant he will do everything to ensure the best players remain at the club and give them every chance of securing a top-four finish next season.Pochettino said: “Personally, if I want a player to stay with us, I will fight for them to remain at the club.“In football it is difficult. If you sign a contract, there is still no guarantee.“The key is to take the right decision, it is not just about money but about the right profile, the right position to build the right squad. This is our job now.” 1 Mauricio Pochettino last_img read more

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