USS Blue Ridge Now Second Oldest in US Navy Fleet

first_img View post tag: Oldest USS Blue Ridge Now Second Oldest in US Navy Fleet View post tag: fleet View post tag: USS Blue Ridge View post tag: Second Blue Ridge’s keel was laid Feb. 27, 1967, and she was commissioned Nov. 14, 1970. Since 1970 the flagship has had a rich history to include commanding Operations Eagle Pull and Frequent Wind during the Vietnam War, receiving the Humanitarian Service Medal in 1984 for rescuing Vietnamese refugees during Operation Boat People, performing a nine-and-a-half month deployment as flagship for U.S. Naval Forces Central Command during the Persian Gulf War and rushing supplies and relief to Japan during Operation Tomodachi.To maintain her position as the most capable flagship in the world, Blue Ridge utilizes the most advanced communication satellite and computer technologies available.As the demands of the mission evolve over the years, so too must Blue Ridge. The ship is constantly updating its equipment to stay a step ahead of its competition.In 2016 Blue Ridge is scheduled to install a brand new Consolidated Afloat Network Enterprise System (CANES).The flagship is currently on patrol in the Indo-Asia-Pacific with embarked 7th Fleet staff, Helicopter Sea Combat Squadron 12 and Marines from Fleet Anti-Terrorism Security Team Pacific.Blue Ridge has been forward deployed to Yokosuka, Japan for 34 years. As the flagship for Commander, U.S. 7th Fleet, Vice Adm. Robert L. Thomas, Blue Ridge is vital in maintaining partnerships in the 7th Fleet area of operations.[mappress]Press Release, August 18, 2014; Image: US Navy View post tag: US Back to overview,Home naval-today USS Blue Ridge Now Second Oldest in US Navy Fleet View post tag: Naval August 18, 2014 View post tag: News by topic View post tag: now U.S. 7th Fleet flagship USS Blue Ridge (LCC 19) now holds the honor of being the oldest ship in the U.S. Navy’s active duty fleet, next to USS Constitution, after the decommissioning of the USS Denver (LPD 9) Aug. 14. Authorities View post tag: Navy View post tag: americas Share this articlelast_img read more

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Lifeguard Family Legacy Lives On

first_img1961 OCBP doubles rowing champions: from left, Charle Bowman, Commissioner D. Allen Stretch, Tom Oves, and Captain Thomas Williams. The Ocean City Beach Patrol rookie hires begin their lifeguard training school today. The rookie’s have already been given their uniforms, hats and whistles. They are ready and eager to learn all they can from the training officer and the veteran lifeguards.There’s a lot to learn. Ocean City Beach Patrol has a proud history, dating all the way back to it’s inception in 1898. In the 118 seasons since, no one has drowned on a protected beach. The beach patrol credits their stellar reputation on their well-trained lifeguards.2017 – Charlie Bowman Sr, Luke Bowman, AJ Oves, Tom Oves Sr.Two of the new recruits have an extra wealth of knowledge to count on during their training, their grandfathers. Rookie lifeguards, Luke Bowman and AJ Oves, placing first and second respectively in the try-outs, are cousins. Their grandfathers, Charlie Bowman Sr. and Thomas Oves Sr. are both former OCBP lifeguards and champion rowers who married twin sisters, Beth and Anne.The Ocean City Beach Patrol is a big tradition in their families. Tom Oves Sr’s father, Reuben Oves joined the lifeguards way back in 1910. Both Tom Sr. and Charlie Bowman Sr. joined in the early 1950’s. Charlie Bowman Sr.’s son Bill Bowman joined in 1983. Tom Sr.’s son Chris Oves joined in 1984. Cousin Joe Sheffer joined in 1982. Tom Sr.’s eldest grandsons, Dustin and John Oves joined in 2016.AJ and Luke, both sixteen-year-old OCHS students, are looking forward to starting training today. AJ says, “I was so happy to get the job. Being a part of the family legacy is a big honor. Luke agrees, “I’m excited to uphold the family tradition and I look forward to working on the beaches this summer.”last_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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McIlroy savours ‘incredible’ run

first_img McIlroy carded a closing 68 at Valhalla to finish 16 under par, one shot ahead of Phil Mickelson after a remarkable final day which finished in near-darkness with the lights blazing from the clubhouse behind the 18th green. Rickie Fowler and Henrik Stenson had been part of a three-way tie with Mickelson on the back nine but dropped shots on the closing stretch to finish two behind McIlroy. Press Association World number one Rory McIlroy was delighted to claim his second major in four weeks and a third win in succession after a thrilling, weather-affected climax to the US PGA Championship on Sunday. A torrential downpour which flooded the course and caused a delay of almost two hours meant it was a race against time to get play finished, so much so that Mickelson and Fowler stood aside on the 18th to allow the final group to tee off and play their approaches to the green. “It’s been just incredible,” McIlroy said. “I didn’t think in my wildest dreams I would have a summer like this. I just played the best golf in my life.” McIlroy, who won the 2011 US Open and 2012 US PGA by eight shots and was six clear going into the final round of the Open at Royal Liverpool, added: “I gutted it out today, it was a little different to my previous major wins. I think I showed a lot of guts to get the job done. “I want to thank Phil and Rickie for letting us tee off, if they didn’t it would have been a struggle to finish. It showed a lot of sportsmanship and class from those two guys.” Asked if he considered not finishing the hole, McIlroy added: “No, I wanted to win this thing and get out of here! It was very tough with the bunker shot and the depth perception so I decided to just chunk it out there, take my two putts and run.” Mickelson did not appear happy with the decision to allow McIlroy and Bernd Wiesberger to hit their approach shots to the 18th as he and Fowler stood aside, but added: “It didn’t affect the outcome I think. It’s not what we normally do but it’s not a big deal. “It’s a courteous thing to let the guys tee off in case they blow the horn. It gave everyone a chance to finish just in the nick of time.” As for a closing 66 which sealed his place on the US Ryder Cup team, Mickelson added: “It was fun to get back back in the mix and feel the pressure. I just ran out of steam after 12 holes. “I wasn’t really firing on all cylinders but making some key putts and had a nice round going. After that birdie on 11 I thought if I could get one or two more I would be right there and it was a costly bogey on 16 in the end. “I am disappointed in the outcome, if I could have finished the last five or six holes strong it could have flipped the way I feel about the whole year.” Fowler has now finished fifth, second, second and third in the year’s four majors but acknowledged today was the first real chance he had to win. “This is the first one that hurts,” Fowler said. “I played well to put myself in a good position and unfortunately just made a couple of bad swings on the back nine that put me in bad positions. “The performances in the majors is something I can be proud of but Rory has been a deserving champion every time. We will see if we can get one away from him at some point.” Stenson was left to rue a three-putt on the 14th, adding: “There were a lot of roars being thrown back and forth and a lot of birdies being made. It must have been a great championship to watch on television or out there. I was part of it. I’m happy with that. Gave it my best. “I was four shots back when we started today. It would have taken a back nine similar to my front nine, I guess, to pull it off. I just didn’t have it. I had one half of it, not two.” last_img read more

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US-23 in Alpena Cleaner Thanks to Special Group of Volunteers

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisThanks to volunteers and members of MDOT, U.S. 23 South is looking quite spotless. The 6th Annual South Bay Corridor Clean Up allowed folks to pick up unwanted waste and trash.Organizer Larry Clark said keeping the area clean would allow residents and tourist to enjoy a healthier environment.Business owner’s like Hal Neiman believes that maintaining a clean area in this part of Alpena attracts future businesses and increases residential population.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious Gembel Sisters Receive Awards After Traveling to Lansing to Present ‘Fallen Officer’ Plaques to MSPNext What’s Trending for July 27last_img read more

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