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Maurice Brown To Play New Music At Intimate NYC Performance

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first_imgMaurice ‘Mobetta’ Brown is widely recognized for his tenure with Tedeschi Trucks Band, but the Grammy-Award-winning trumpet virtuoso has also been featured on dozens of stellar recordings alongside greats like Aretha Franklin, Talib Kweli, De La Soul, Diddy, Lettuce, and Cee-Lo Green, to name a few. More recently, he’s dedicated his time entirely to a solo career, featuring a stellar band blending hip-hop, jazz, soul, and funk-inspired beats from all over the map.On Monday, April 4, he’ll be bringing the band to the Blue Note for a very special night of music, showcasing all original music including several new tunes off his upcoming album The Mood, which is due out in June.Maurice Brown Performs Two Tracks From Upcoming Hip-Hop/Jazz Album [Watch]The evening’s festivities will be extra celebratory in honor of drummer Joe Blaxx‘s birthday, so come prepared for more than a good time. The full band includes Chelsea Bartaz on tenor sax and vocals, Ben Williams on bass, James Francies on keys, and Marcus Machado on guitar, plus special guests.Tickets are available here, and you can purchase a table here.last_img read more

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Jerry Garcia & Merl Saunders’ Famed “Keystone Companions” Album To Get Vinyl Re-Release

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first_imgThere’s just something that’s purely magical when Jerry Garcia and Merl Saunders performed together. When Garcia wasn’t out with the Grateful Dead, there was a good chance you could find him jamming with Saunders at a JGB performance. Saunders was the king of the Hammond B3 organ, and perhaps no recording captures the musical harmony between the two than Keystone Companions: The Complete 1973 Fantasy Recordings.Captured over two nights at the Keystone Club in Berkeley, CA from July 10-11, 1973, the new vinyl re-release will feature each and every song performed throughout the run for the complete listening experience. Spread across six LPs, the release will also include an extensive booklet with new photos and words from David Gans. A collectible poster is also included.The deluxe release is set for October 21st, and pre-orders can be found here. Until then, we can listen to some of the music from that night, streaming below:last_img read more

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Wandering mind not a happy mind

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first_imgPeople spend 46.9 percent of their waking hours thinking about something other than what they’re doing, and this mind-wandering typically makes them unhappy. So says a study that used an iPhone Web app to gather 250,000 data points on subjects’ thoughts, feelings, and actions as they went about their lives.The research, by psychologists Matthew A. Killingsworth and Daniel T. Gilbert of Harvard University, is described this week in the journal Science.“A human mind is a wandering mind, and a wandering mind is an unhappy mind,” Killingsworth and Gilbert write. “The ability to think about what is not happening is a cognitive achievement that comes at an emotional cost.”Unlike other animals, humans spend a lot of time thinking about what isn’t going on around them: contemplating events that happened in the past, might happen in the future, or may never happen at all. Indeed, mind-wandering appears to be the human brain’s default mode of operation.To track this behavior, Killingsworth developed an iPhone app that contacted 2,250 volunteers at random intervals to ask how happy they were, what they were currently doing, and whether they were thinking about their current activity or about something else that was pleasant, neutral, or unpleasant.Subjects could choose from 22 general activities, such as walking, eating, shopping, and watching television. On average, respondents reported that their minds were wandering 46.9 percent of time, and no less than 30 percent of the time during every activity except making love.“Mind-wandering appears ubiquitous across all activities,” says Killingsworth, a doctoral student in psychology at Harvard. “This study shows that our mental lives are pervaded, to a remarkable degree, by the nonpresent.”Killingsworth and Gilbert, a professor of psychology at Harvard, found that people were happiest when making love, exercising, or engaging in conversation. They were least happy when resting, working, or using a home computer.“Mind-wandering is an excellent predictor of people’s happiness,” Killingsworth says. “In fact, how often our minds leave the present and where they tend to go is a better predictor of our happiness than the activities in which we are engaged.”The researchers estimated that only 4.6 percent of a person’s happiness in a given moment was attributable to the specific activity he or she was doing, whereas a person’s mind-wandering status accounted for about 10.8 percent of his or her happiness.Time-lag analyses conducted by the researchers suggested that their subjects’ mind-wandering was generally the cause, not the consequence, of their unhappiness.“Many philosophical and religious traditions teach that happiness is to be found by living in the moment, and practitioners are trained to resist mind wandering and to ‘be here now,’” Killingsworth and Gilbert note in Science. “These traditions suggest that a wandering mind is an unhappy mind.”This new research, the authors say, suggests that these traditions are right.Killingsworth and Gilbert’s 2,250 subjects in this study ranged in age from 18 to 88, representing a wide range of socioeconomic backgrounds and occupations. Seventy-four percent of study participants were American.More than 5,000 people are now using the iPhone Web app.last_img read more

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Innovation Labs revamps President’s Innovation Challenge

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first_imgNew initiatives, such as additional funding for winners, a new venue for finalists, and increased support for participants, are at the heart of efforts to continue to grow participation and access around the 2019 Harvard President’s Innovation Challenge.The Challenge brings the Harvard community together to engage with pressing issues facing the world and explore turning their ideas into impactful, real-world ventures. A record 460 teams from all 12 Harvard schools entered the 2018 competition — more than double the entries than the previous year.“Every year we’ve seen a significant increase in applications to participate in the President’s Innovation Challenge, as well as growing interest from the Greater Boston innovation community in learning more about the innovators at Harvard,” said Jodi Goldstein, executive director at the Harvard Innovation Labs. “We look forward to elevating the 2019 President’s Innovation Challenge, with a focus on resourcing the transformational ideas that will have the biggest impact on the world.”For the eighth annual Challenge, Harvard is awarding an additional $100,000 as part of the new Launch Lab X track, and adding a $10,000 Ingenuity Award for the most creative and impactful ideas with the potential to drive world-changing innovation. This brings the total prize money to $410,000, which is funded entirely by a gift from The Bertarelli Foundation. President’s Innovation Challenge finalists will also have the opportunity to present their work in front of a larger number of people from the business and innovation community. For the first time, the President’s Innovation Challenge Showcase and Awards Ceremony will take place in Klarman Hall, the 1,000-people convening space at Harvard Business School.Harvard Innovation Labs. Kris Snibbe/Harvard Staff PhotographerIn addition to increasing funding and community access, the Harvard Innovation Labs is creating more programming designed to encourage students to enter the President’s Innovation Challenge, ranging from broad informational sessions to workshops on how to submit a strong entry.“The Harvard Innovation Labs uses inputs rather than outputs to measure success. We believe if we are able to encourage as many students as possible to enter the Challenge, as we have in previous years, we will see incredible results,” added Goldstein.The 2018 winners of the President’s Innovation Challenge include PionEar, a company that is revolutionizing the treatment of ear infections; STEMgem for its device toolkits to bring the impact of tech innovation to STEM education; and OZÉ for creating a mobile app that helps small businesses in Africa improve their performance.“Many President’s Innovation Challenge participants, finalists, and winners have gone on to have incredible impacts on the world,” said Chris Colbert, managing director of the Harvard Innovation Labs. “The aim of this competition is to provide students with the resources they need to grow their ideas at their earliest stages, and we see previous participants’ success as an indicator of this competition’s impact.”To learn more about the 2019 President’s Innovation Challenge, visit https://innovationlabs.harvard.edu/presidents-innovation-challenge/ Read Full Storylast_img read more

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Exhibit charts history of Apollo 11 moon mission

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first_img McWhorter’s project probes many sides of scientist Wernher von Braun With the 50th anniversary of the first moonwalk nearing, former astronaut Ellen Ochoa reflects on the Apollo landing Researchers unveil an image for the ages Rocketwoman From V-2 rocket to moon landing A black hole, revealed The Daily Gazette Sign up for daily emails to get the latest Harvard news. As the 17th century’s most famous Italian astronomer surveyed the heavens, he likely never dreamed a rocket shooting fire would one day power people up among the stars he eyed through his telescope, or that his work would help guide a ship to the moon.But Galileo Galilei’s observations would become a key link in the chain of scientific research and discovery fundamental to our understanding of the universe and our drive to explore it.That scientific continuum is at the heart of a new Houghton Library exhibit connecting early celestial calculations to the Apollo 11 mission that put two American astronauts on the lunar surface 50 years ago this July. “Small Steps, Giant Leaps: Apollo 11 at Fifty” features gems from Harvard’s collection of rare books and manuscripts as well as NASA artifacts from an anonymous lender and Harvard alumnus, many of which were aboard the spaceship that left Earth’s orbit in 1969.“The show gives you a picture of what happened in 1969 but it also connects those historic events to the scientific tradition that stretches back several centuries,” said John Overholt, the library’s curator of early books and manuscripts. “That kind of context is very much what Houghton’s mission is all about.”Eight glass-topped cases in the building’s first-floor Edison & Newman Room contain material from Houghton’s collection, including a number of treasures directly related to the Apollo flight and about a dozen “real classics in physics and astronomy,” said Overholt, who curated the new show.,“The show gives you a picture of what happened in 1969 but it also connects those historic events to the scientific tradition that stretches back several centuries.” — John Overholt, Houghton’s curator of early books and manuscripts (pictured above),Among the early masterworks on view is an edition of “De revolutionibus orbium coelestium” (“On the Revolutions of the Heavenly Spheres”) by Nicolaus Copernicus. The groundbreaking book by the Renaissance-era scholar upended the then-accepted order of the universe, placing the sun at the center of the solar system instead of the Earth.A copy of Galileo’s book “Siderius Nuncius,” containing the very first images of the moon as observed through a telescope, is also on display. “It is just a breathtaking moment for everybody in the time period,” said Overholt of Galileo’s seminal text. “It lets them see the moon up close and shatters the Aristotelian myth that it’s just a perfect smooth sphere, proving instead that its landscape looks very familiar to observers on Earth.”,Other early mathematical advances that helped pave the way to the stars include those contained in a 1687 volume of Isaac Newton’s “Principia Mathematica.” In his text, considered critical to the development of modern physics and astronomy, Newton outlined his three laws of motion and defined elliptical orbits and gravitation. The work “deals specifically with the eccentricities of the moon’s orbit, which are crucial to eventually calculating an accurate path for spacecraft in the 20th century,” said Overholt.Of course, space travel powered by super-boosted rockets was preceded by simpler aircraft. In one case, articles by aviation pioneers Wilbur and Orville Wright documenting their first flights in Kitty Hawk, N.C., highlight the early history of flight. Rocket-related ephemera include the first image of Earth taken from space courtesy of a V-2 rocket designed by Nazi scientist Wernher von Braun. Secretly employed by the U.S. Army after World War II, von Braun would go on to become the director of NASA’s Marshall Space Flight Center and chief architect of the Saturn V launch vehicle that blasted American astronauts beyond Earth’s gravitational pull.,Then there are the items that landed on the lunar surface. “Awe-inspiring” aptly describes the actual star chart the Apollo astronauts consulted to gain their bearings. “It was the first time someone was looking at the stars and not standing on the Earth,” said Overholt of the map that returned from space with moon dust embedded in Velcro affixed to its back.Other treasures connected to the historic mission include a sheet of paper from the required quarantine that followed the astronauts’ splashdown in the Pacific Ocean on July 24. Neil Armstrong, the commander of Apollo 11 and the first person to walk on the moon, scrawled on the page his instantly famous line: “One small step for a man, one giant leap for mankind.” (Whether he actually uttered the “a” has long been a topic of debate, but Armstrong insisted he did and included it in the inscription.) Technical manuals offer an inside look at the complex and complicated process of evaluating error codes; the astronauts had to act quickly as they approached the moon to determine if warning signals meant abort.,For Overholt, the scientific through line is the show’s defining feature.“The exhibit shows that this historic event didn’t happen in isolation,” he said. “It took centuries of research and discovery to develop the knowledge of physics and the understanding of what the moon was like and how we might create a vehicle that could travel there. By putting those two halves together I think we are offering visitors that complete picture.” “Small Steps, Giant Leaps: Apollo 11 at Fifty” is on view through Aug. 3. For more information and a list of programs connected to the exhibit, click here. Relatedlast_img read more

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CAP provides inside-the-industry investment option

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first_img continue reading » 19SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Besides being one of the stickiest products for boosting member loyalty, credit cards can be a revenue center for credit unions that manage their portfolios well. Through the Collateralized Asset Program from TMG Financial Services, credit unions can benefit from the returns of a well-run portfolio, whether or not they have one themselves.The way this works is for credit unions to invest—in the form of a collateralized loan to a CUSO—in CAP, which is a portfolio of credit union credit card accounts that have been sold to TMG Financial Services. CAP investors receive competitive yields—often better than CDs—based on soundly underwritten assets, as the average cardholder in the TMGFS card portfolio has a credit score of 740. An ownership stake in the CUSO is not required.Other CAP features include:fixed interest ratea wide variety of terms and ratesinterest payments made semiannually to credit unions that have investedconsistent and frequent reporting that models reporting for publicly traded, asset-backed credit card securities; andcredit and fraud losses assumed by TMG Financial Services, not shared with CU investors.To many credit unions, making investments that support the movement as well as their bottom lines is important. The more than 60 credit unions that take part in CAP—now 10 years old—are ensuring critical credit card assets stay inside the credit union industry.last_img read more

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CUNA board member brings ‘common-sense’ solutions to SBC

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first_img continue reading » 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr INOVA FCU CEO and CUNA board member Dallas Bergl will share common-sense proposals to help credit unions foster economic growth with the Senate Banking Committee Thursday, as he testifies before the Senate Banking Committee on behalf of CUNA. Bergl’s appearance before the committee is scheduled to begin at around 10 a.m. (ET) Thursday, and will be streamed live on the committee’s website.“My testimony presents commonsense proposals that will help responsible financial institutions, like credit unions and small banks, continue to serve their members and communities so they can grow and thrive,” reads Bergl’s testimony. “Regulatory changes that can be tailored to address the problem institutions in this country without punishing solid ones; and proactive steps that can be taken with credit unions’ regulator, the NCUA, to help foster the continued safety and soundness of the credit union system.”These proposals include principles from CUNA’s bipartisan, pro-consumer Campaign for Common-Sense Regulation.These include changes to mortgage lending, the Consumer Financial Protection Bureau, NCUA and housing finance reform, among others.last_img read more

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Start-up pension provider aims to cut costs in Latvia

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first_imgThe independent company raised €2.3m in share capital from more than 30 Latvian CEOs and entrepreneurs earlier this year, with Kreicbergs saying the firm had to turn down some investors due to high demand. INDEXO attracted €13.5m in assets under management in its first month of operation.It is the eighth provider in the country’s €3bn second-pillar system. The majority of other providers are subsidiaries of banks.In Latvia, all workers born after 1 July 1971 pay 6% of salary into a second-pillar scheme, with the money forwarded to pension plans by the government. Participants can choose their asset manager and pension plan.INDEXO’s first offering is INDEXO Izaugsme, a passively managed plan investing in a set allocation of low-cost index funds. Its target allocation to equities is 47% – just under the maximum 50% permitted under Latvian rules.Kreicbergs said: “It will be buy and hold all the way, which cuts down transaction charges. This strategy hasn’t been used in Latvia before.”INDEXO primarily relies on BlackRock’s index fund range to build its portfolios. Besides the low fee structure associated with passive management, INDEXO also expected to incur lower costs than its competitors because of its relatively small financial team. Percentage fees would be reduced even further as INDEXO grew its assets under management, the company said.Kreicbergs said INDEXO hoped to acquire a 20% market share over the next five to 10 years. “Our business plan is to achieve profitability within a few years, and we are very much on track,” he said. A start-up pensions provider has claimed it will revitalise the Latvian fund industry with low-cost second-pillar products.INDEXO, which began operations at the start of July, said it was the first pensions provider in the country to offer passively-managed pension plans.Toms Kreicbergs, CEO, INDEXO, told IPE: “Latvian pension plans have long had some of the highest fees throughout Europe, while delivering disappointing returns. We wanted to create a low-cost, passively managed alternative.”He added: “The average management fee for the second-pillar market over the past five years has been 1.5%, but we are charging 0.75%. While the market has grown substantially, percentage costs have remained the same, so existing providers are making excess profits.”last_img read more

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Polish second-pillar fund returns plunge as stock market falls

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first_imgThe MSCI Poland index was up 4.7% in dollar terms in the 12 months to the end of March, according to FE Analytics data. However, since the start of 2018 to the end of April the index lost 6.2%.PZU Group’s OFE, known as Złota Jesień, gained 2.5% during the 12 months to the end of March, the strongest return recorded by any second-pillar fund. Pekao’s OFE ranked bottom with a 0.1% loss.Three-year average returns edged down to 11.4%, from 12.9% 12 months earlier, the KNF reported. Five-year returns fell from 37.1% to 20.5%, while 10-year returns moved up from 42.9% to 51%.The Polish broker Trigon estimated that equities accounted for 85.1% of pension funds’ portfolios at the end of March. More than three quarters of total portfoliows (77.8%) were invested in Polish-listed stock.Net assets, according to the KNF, fell by 1.1% year-on-year in Polish zloty terms to PLN165.7bn (€39.4bn), and members by 2% to 16.1m.Inflows in the first three months of the year totalled PLN798m, against PLN2.3bn transferred to the first pillar under the slider regime for members with 10 or fewer years left until retirement. The average 12-month annual return of Poland’s second-pillar pension funds (OFEs) plunged to 1.5% as of 31 March, according to the Polish Financial Supervision Authority (KNF).This compared to the average gain of 27.8% recorded six months earlier, and 17.6% reported in March 2017.The fall-off after last year’s record performance was largely due to the downturn on the Warsaw Stock Exchange (WSE), which saw its bull run end in the third week of January this year.At the end of March the WSE’s benchmark WIG index had lost some 9% of its value since the start of the year, dragging down the value of the equity-weighted second pillar.last_img read more

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UK schemes preparing for endgame with equity cuts and liability hedges

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first_imgEmily McGuire, partner at Aon, said the survey showed than many themes in the previous incarnation of the poll, completed in 2017, were repeated but with a higher pace of change and increased levels of activity. “Schemes have firmed up their views and acted decisively,” she added.Biggest investment allocation changes in the past 12 monthsChart MakerInterest rate hedging ratiosChart MakerMcGuire continued: “The way schemes have acted has been very much driven by their own circumstances but typically actions have fallen into two categories: schemes that have reduced equity exposure but increased liability hedging to reduce overall volatility, and those that have diversified from equities into alternative growth assets.“We have also seen continuing interest in illiquid asset classes as schemes look to alternative investment ideas.”She also highlighted the 90% of schemes that had hedged more than 40% of their interest rate risk, while 45% were hedging more than 80% of this risk.“This change has meant that more and more schemes have insulated themselves from the fall in Gilt yields that we have seen in recent times and the adverse impact it would have had on their funding levels,” McGuire said. “Instead, some of these schemes now have their endgame in sight.”Nearly a quarter of respondents (23%) said they had increased their exposure to illiquid asset classes such as private credit and real estate, with a similar proportion planning to do so in the next 12 months.Of those planning an increase, 47% said they were targeting private credit, while 29% aimed to raise exposure to infrastructure.Aon included bulk annuities in its definition of illiquid assets. A third (33%) of respondents planning to increase illiquid exposure said this was an area of interest, reflecting forecasts from insurers and consultants that more than £30bn (€33.9bn) worth of defined benefit insurance deals could be completed by the end of 2019.Anticipated interest in illiquid investmentsChart Maker UK pension funds are stepping up their de-risking activity by reducing equity allocations and increasing their liability hedges, according to a new survey from Aon.The consultancy firm surveyed 170 UK schemes, and found that 59% had reported reducing their exposure to domestic equities in the past 12 months. Almost half (48%) had cut back on overseas equities.More than a third (35%) of respondents had raised their exposure to index-linked government bonds, with 30% putting more into traditional Gilts. Half of schemes (50%) said they had increased their use of liability-driven investment (LDI) strategies.The high level of interest in LDI reflected the number of schemes targeting a specific endgame strategy, Aon said. In particular, 35% of respondents said they were targeting buyout with an insurance company, while 43% aimed to become self-sufficient.last_img read more

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