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Sunday, May 26, 2013
Actor Tyler Perry donates $100K to Ohio schools
COLUMBUS, Ohio (AP) ? Filmmaker and actor Tyler Perry has surprised middle school students in Ohio by showing up at a musical concert and donating $100,000 to help student athletes in the city's South-Western schools.
The Columbus Dispatch (http://bit.ly/13Qe0uR ) reports that Perry was drawn to Finland Middle School on Friday after seeing a TV report about teacher Mary Mulvany starting a foundation to raise scholarship money to cover fees.
South-Western schools earned national attention when athletics and extra-curricular activities were eliminated after a failed levy in 2009. The ballot request was later approved by voters, and sports, clubs and other activities were resurrected for a fee.
Perry says he wants to sponsor as many children as possible and wants part of the money to go toward Finland and some to the foundation.
Source: http://news.yahoo.com/actor-tyler-perry-donates-100k-ohio-schools-074843275.html
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Christie wants to talk with Rutgers about Hermann
FILE - In this Wednesday, May 15, 2013 file photo, Julie Hermann speaks during a news conference where she was introduced as the new athletic director at Rutgers University, in Piscataway, N.J. Hermann, hired to clean up Rutgers' scandal-scarred athletic program, quit as Tennessee's women's volleyball coach 16 years ago after her players submitted a letter complaining she ruled through humiliation, fear and emotional abuse, The Star-Ledger reported Saturday, May 25, 2013, on its website. (AP Photo/Mel Evans, File)
FILE - In this Wednesday, May 15, 2013 file photo, Julie Hermann speaks during a news conference where she was introduced as the new athletic director at Rutgers University, in Piscataway, N.J. Hermann, hired to clean up Rutgers' scandal-scarred athletic program, quit as Tennessee's women's volleyball coach 16 years ago after her players submitted a letter complaining she ruled through humiliation, fear and emotional abuse, The Star-Ledger reported Saturday, May 25, 2013, on its website. (AP Photo/Mel Evans, File)
FILE - In this Wednesday, May 15, 2013 file photo, Julie Hermann listens during a news conference where she was introduced as the new athletic director at Rutgers University, in Piscataway, N.J. Hermann, hired to clean up Rutgers' scandal-scarred athletic program, quit as Tennessee's women's volleyball coach 16 years ago after her players submitted a letter complaining she ruled through humiliation, fear and emotional abuse, The Star-Ledger reported Saturday, May 25, 2013, on its website. (AP Photo/Mel Evans, File)
NEWARK, N.J. (AP) ? New Jersey Gov. Chris Christie plans to speak with Rutgers officials about a report that the athletic director hired to clean up the school's scandal-scarred program quit as Tennessee's women's volleyball coach 16 years ago after her players complained she ruled through humiliation, fear and emotional abuse.
Christie spokesman Michael Drewniak says the governor is aware of the report about Julie Hermann in The Star-Ledger of Newark, but wants to get more details before commenting.
"He's not going to make any judgments at this time," Drewniak said in an email to The Associated Press on Sunday.
The Star-Ledger reported that Tennessee players wrote the mentality cruelty they suffered when Hermann was coach was unbearable, adding she called them "whores, alcoholics and learning disabled."
Hermann was hired May15 to replace the ousted Tim Pernetti, who was let go after basketball coach Mike Rice was fired for abusive behavior.
The 49-year-old Hermann is scheduled to take over at Rutgers on June 17. She is set to become the first woman to run the Scarlet Knights' athletic program and one of three female ADs at the 124 schools playing at college football's top tier.
However, it's uncertain whether the report will force Rutgers to re-consider the appointment. It also could give impetus to those who want new Rutgers President Robert Barchi to step down after yet another black eye for the state's largest university.
The university had not issued a comment by 5 p.m. Sunday.
Hermann was not immediately available for comment, but told The Star-Ledger that she did not recall the Tennessee letter. The newspaper said when it was read to her by phone, she replied, "Wow."
Rutgers board members Candace Straight and Joseph J. Roberts Jr. didn't return telephone calls by the AP seeking comment.
"The questionable decision-making at this program so heavily funded by taxpayers continues to astound me," Assembly speaker Sheila Oliver said in an email to the AP.
New Jersey state Sen. Ray Lesniak said in a telephone interview with The AP that Barchi "has proven not to be up to the task" and has written a letter to Christie recommending that Pernetti be given the job back, adding he has been a scapegoat from the start.
A couple of Hermann's colleagues came to her defense.
Louisville volleyball coach Anne Kordes has known Hermann as a coach and a former Cardinals' student-athlete for 15 years.
I have only known Julie to conduct herself with the highest level of professionalism and integrity," Kordes said in an email. "She serves as an incredible role model for female athletes, coaches, and administrators and has always made it clear that she is supportive of her coaches starting and expanding family."
Susan Bassett, the director of athletics at Carnegie Mellon University, has worked with Hermann on the NACWAA Board of Directors for the past 10 years and said she has been the consummate professional whose philosophy of sport is absolutely aligned with the academic mission of her University, the NCAA, and NACWAA.
" I know through her support of Louisville student-athletes and the mentoring of aspiring female administrators through NACWAA programming, Julie Hermann has the best interests of all human beings at heart," Bassett said in an email. "Respect and common decency are core values for her, which pervade her work. "
Louisville Athletic Director Tom Jurich, who was Hermann's boss for almost the last 16 years, was surprised by the report.
"For me to say this is a shock, it totally is because of the tremendous job she did for me," Jurich said Sunday in a telephone interview. "When she was with me at Northern Arizona, her players adored and loved her. I never heard anything about this at all from the Tennessee players and a lot of them have come through Louisville a number of times. Everybody is always singing her praises."
The Star-Ledger report said that wasn't the case late in her coaching career at Tennessee.
In the letter submitted by all 15 team members in 1996, the volleyball players said Hermann called them "whores, alcoholics and learning disabled" and they wrote: "It has been unanimously decided that this is an irreconcilable issue." The players told The Star-Ledger that Hermann absorbed the words and said: "I choose not to coach you guys."
After a series of interviews with many of the former Tennessee players about Hermann, The Star-Ledger said:
"Their accounts depict a coach who thought nothing of demeaning them, who would ridicule and laugh at them over their weight and their performances, sometimes forcing players to do 100 sideline pushups during games, who punished them after losses by making them wear their workout clothes inside out in public or not allowing them to shower or eat, and who pitted them against one another, cutting down particular players with the whole team watching, and through gossip.
"Several women said playing for Hermann had driven them into depression and counseling, and that her conduct had sullied the experience of playing Division I volleyball."
The Star-Ledger asked Hermann about the players' lingering grievances.
"I never heard any of this, never name-calling them or anything like that whatsoever," she told the newspaper. "None of this is familiar to me."
Hermann had promised a restart the Rutgers' athletic program following the ouster of its men's basketball coach and the resignation of other officials.
"No one on the coaching staff doesn't believe that we need to be an open book, that we will no longer have any practice, anywhere at any time, that anybody couldn't walk into and be pleased about what's going on in that environment. It is a new day. It is already fixed," Hermann said at her introductory news conference.
At that news conference, Hermann was questioned about a 1997 jury verdict that awarded $150,000 to a former Tennessee assistant coach who said Hermann fired her because she became pregnant.
Rutgers' problems started in December when Rice was suspended three games and fined $75,000 by the school after a video of his conduct at practices was given to Pernetti by Eric Murdock, a former assistant coach. The video showed numerous clips of Rice firing basketballs at players, hitting them in the back, legs, feet and shoulders. It also showed him grabbing players by their jerseys and yanking them around the court. Rice can also be heard yelling obscenities and using anti-gay slurs.
The controversy went public in April when ESPN aired the videos and Barchi admitted he didn't view the video in the fall. Rice was fired and Pernetti, assistant coach Jimmy Martelli and interim senior vice president and university counsel John Wolf resigned.
Even when Rutgers has made a move that was well received, there was a glitch.
After hiring former Scarlet Knights star Eddie Jordan to take over the basketball program, the university made the mistake of calling him a graduate when he had never finished work for his degree.
Now the Hermann problem has popped up when many thought the worst was over, and that the athletic department could start focusing on its move to the Big Ten in 2014.
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Saturday, May 25, 2013
Blackstone notifies Cohen's SAC it intends to pull money: pension consultant
By Matthew Goldstein
(Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.
A pension consultant, in a May 21 letter to clients, said Blackstone has notified Cohen that it intends to "fully redeem" a significant portion of the roughly $550 million the investment firm has invested with the $15 billion hedge fund. The letter from pension consulting firm Russell Investments said Blackstone submitted its redemption notice to SAC Capital sometime before May 15 because of ongoing concerns about the insider trading investigation that continues to engulf Cohen's fund.
Blackstone's investment with SAC Capital is through several investment funds known as hedge fund of funds and also through separately managed accounts it maintains for clients. The decision to redeem from SAC Capital impacts only client money invested in its hedge fund of funds, according to the letter. It's not clear how much of the $550 million is in those hedge fund of funds and it is not clear what Blackstone is advising clients who have money in separately managed accounts that is invested with SAC Capital.
Russell did say in the address to its pension clients that Blackstone "expects to receive 100 percent of investors' capital by year-end." Russell, which manages $173 billion in assets and oversees a number of index funds, also provides advice to pensions and institutional investors on where to invest their dollars in hedge funds.
The timing of Blackstone's request to withdraw money from SAC Capital is critical because it came before the hedge fund told investors on May 17 that its cooperation with federal authorities was no longer unconditional. Soon after, news broke that federal prosecutors had issued grand jury subpoenas earlier this month to Cohen and several of his top executives, seeking their testimony about insider trading at the hedge fund.
The decision by Blackstone, which has invested with SAC Capital for at least a decade, is a big blow to the 56-year-old fund manager, who is widely regarded as one of the most successful traders of his generation. Blackstone - which manages about $46 billion in hedge fund investments for public pensions, foundations, corporations and wealthy individuals - is seen as something of a bellwether for other investors in the $2.2 trillion hedge fund industry because of its stature.
Representatives for Blackstone did not immediately respond when asked for comment on Saturday. An SAC Capital spokesman declined to comment.
The letter from Russell Investments, which was reviewed by Reuters, made no mention of the subpoenas on Cohen and his executives and was sent after a Russell representative talked to a Blackstone executive about the redemption decision. The letter said Blackstone decided to submit a redemption notice to SAC Capital after reviewing the terms of a $616 million deal SAC Capital reached in March with the U.S. Securities and Exchange Commission to settle allegations that the hedge fund's employees had engaged in insider trading in four stocks.
Blackstone, according to the letter, said the settlement with the SEC "did not give additional comfort that the issues at-hand were resolved."
A representative for Russell Investments did not respond to a request for comment about the letter from its Russell Research division.
Outside investors in SAC Capital like Blackstone, who account for roughly $6.75 billion of the $15 billion managed by Cohen, have until June 3 to decide whether to submit redemption notices for the second quarter. In the first quarter, outside investors notified Cohen they intend to withdraw about $1.7 billion of that $6.75 billion by year's end.
People close to SAC Capital said Cohen, who has roughly $8 billion of his money invested in SAC Capital, is bracing for another large round of redemption requests. The speculation is growing in the hedge fund world that if Cohen gets another large round of redemption requests, he may opt to return all the outside money and convert SAC Capital into a family office ? an unregistered firm that manages money just for himself and his friends and family.
SAC Capital is one of the world's larger hedge funds with 1,000 employees.
Blackstone's hedge fund of funds invests client money with more than four dozen hedge funds, including SAC Capital, Pershing Square Capital Management, Elliott Management and DE Shaw & Co, according to people familiar with the private equity firm's asset management business.
The decision by Blackstone to redeem comes after the private equity and investment firm has stuck with Cohen throughout the course of the long-running investigation that has so far resulted in nine one-time employees of the firm being charged or implicated in insider trading schemes.
Cohen himself has not been charged with wrongdoing, but the investigation is seen as increasingly focusing on him and his firm.
In late April, lawyers for Cohen and his firm met with federal prosecutors in Manhattan to make their best case argument about why the hedge fund billionaire and his SAC Capital Advisors should not be charged with criminal wrongdoing. But people familiar with that meeting said the lengthy presentation did not impress federal prosecutors, who are now considering whether to use a racketeering law aimed at prosecuting the Mafia and drug gangs to pursue a criminal case against Cohen's hedge fund.
(Editing by Martin Howell and Gunna Dickson)
Source: http://news.yahoo.com/blackstone-notifies-cohens-sac-intends-pull-money-pension-154556025.html
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Moon hit by boulder-size meteoroid, causing 'explosion' visible from Earth (+video)
If you had been looking up at the moon at the right moment on March 17, you could have seen a one-second burst of heat caused by the impact of a large meteoroid.
Hundreds of meteoroid impacts on the moon, detected by NASA's lunar monitoring program, are pictured in this undated NASA handout photo. The brightest, detected on March 17, 2013, in Mare Imbrium, is marked by the red square.
NASA/Handout/REUTERS
EnlargeIf you had been looking up at the moon at the right moment on March 17, you could have seen an unusual flash of light ? a one-second burst of heat caused by the impact of a large meteoroid.
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NASA researchers who monitor the Moon for meteoroid impacts have detected the brightest explosion in the history of their program.No telescope required.
?For about one second, the impact site was glowing like a 4th magnitude star,? NASA said in reporting the news Friday.
This meteoroid was the size of a small boulder, and was travelling very fast. NASA estimates the size at 0.3 to 0.4 meters wide, and the speed at 56,000 miles per hour.?
The resulting explosion? delivered a force equal to 5 tons of TNT.
NASA puts a footnote on the word ?explosion.? The bright light wasn?t combustion, since the moon has no oxygen atmosphere. Rather, it was the glow of molten rock and hot vapors after an impact of large kinetic force.
That said, this was the biggest such ?explosion? in eight years of close monitoring of the moon?s surface.
And it?s not that meteoroids on the lunar surface are rare.
The moon lacks a protective atmosphere like Earth?s, in which meteoroids typically burn up. Lunar meteor showers have turned out to be more common than expected, with hundreds of detectable impacts per year.
On March 17, the pyrotechnics on the moon coincided with an active night for meteors in Earth?s atmosphere as well.
NASA?s Space Exploration Policy eventually calls for extended astronaut stays on the moon, so tracking meteor activity has long-term relevance.
?Identifying the sources of lunar meteors and measuring their impact rates gives future lunar explorers an idea of what to expect,? the space agency said in announcing the bright explosion Friday. ?Is it safe to go on a moonwalk, or not?? The middle of March might be a good time to stay inside.??
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Engadget Podcast 345: Xbox One debrief - 05.23.13
Still restless from the Xbox One unveiling, we bring you episode 345 of the Engadget Podcast. This time around, Peter Rojas and Tim Stevens grace the microphones (Brian sadly wasn't able to make it). Ready for our post-event thoughts with sides of Tumblr, Flickr, Yahoo and more? Stream all the audio goodness below or join us past the break to subscribe and watch the video version.
Hosts: Tim Stevens, Peter Rojas
Producer: Joe Pollicino
Hear the podcast:
Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/Zqeenajon2k/
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Battle-bruised King Richard III hastily buried
University of Leicester
The remains of King Richard III showed a curved spine and signs of battle trauma. He apparently was hastily buried -- the grave was irregularly shaped, with sloping sides, and too small for the 5-foot-8-inch skeleton. That may have been because he had already spent days dead in the summer heat. .
By Stephanie Pappas
LiveScience
The body of King Richard III was buried in great haste, a new study finds ? perhaps because the medieval monarch's corpse had been out for three days in the summer sun.
The new research is the first academic paper published on the discovery of Richard III, which was publicly announced in February 2013. A team of archaeologists from the University of Leicester found the body beneath a parking lot in Leicester that was once the site of a medieval church. The full study will be available online on Friday evening.
The archaeological analysis contains details only alluded to in the initial announcement of the findings. In particular, the archaeologists found that Richard III's grave was dug poorly and probably hastily, a sharp contrast to the neat rectangular graves otherwise found in the church where the king was laid to rest. [Gallery: The Discovery of Richard III]
Richard III's journey to Leicester
Richard III ruled England from 1483 to 1485, when he was killed during the Battle of Bosworth Field, the definitive fight in the War of the Roses.
University of Leicester
The skull of the skeleton found at the Grey Friars excavation in Leicester, identified as that of King Richard III.
Historical records reveal that after the battle, Richard's body was stripped and brought to Leicester, where it remained on public display for three days until burial on Aug. 25, 1485. The church where the body was interred, a Franciscan friary called Grey Friars, was eventually demolished around 1538. A former mayor of Leicester built a mansion on the site, but by the 1700s, the land had been subdivided and sold off, the location of the church lost.
With it went all memory of where one of England's most famous kings was buried. Richard III was immortalized by a Shakespeare play of the same name and made out to be a villain by the Tudor dynasty that followed his rule. Today, however, there are societies of Richard III enthusiasts called Richardians?who defend the dead king's honor. One of these Richardians, a screenwriter named Philippa Langley, spearheaded the excavation that discovered Richard III's body.
Digging for Richard
The new paper, published in the journal Antiquity, outlines how archaeologists dug three trenches in a city government parking lot, hoping to hit church buildings they knew had once stood in the area. They soon found evidence of the friary they were looking for: first, a chapter house with stone benches and diamond-pattern floor tiles. This chapter house would have been used for daily monastery meetings.
South of the chapter houses, the excavation revealed a well-worn cloister walk, or covered walkway. Finally, the researchers found the church building itself. The church was about 34 feet (10.4 meters) wide. It had been demolished, but the floors (and the graves in the floor) were left intact. Among the rubble were decorated tiles and copper alloy letters that likely once marked the graves.
Brick dust suggested the outer church walls may have been covered with a brick fa?ade, which would have created a striking red-and-white look with the church's limestone-framed windows, the researchers wrote.
A hasty grave
Most of the graves in the Grey Friars church floor?are neat and orderly, with squared-off rectangle sides. Richard III's is an exception. The grave is irregularly shaped, with sloping sides. It was also too small for the 5-foot-8-inch (1.7 m) skeleton interred within: Richard's torso is twisted and his head propped up rather than laid flat. The body was also crammed against the north wall of the grave, perhaps because someone stood against the south wall to guide the body into its resting place. Whoever it was did not spend time afterward rearranging the body into a more symmetrical position.
"The haste may partially be explained by the fact that Richard?s damaged body had already been on public display for several days in the height of summer, and was thus in poor condition," the researchers wrote.
There was no coffin in the grave, and likely no shroud, judging by the loose position of the skeleton's limbs. However, the corpse's hands were crossed and perhaps tied in front of him.
The study also delineates the 10 injuries on the corpse's skeleton. Most are likely battle wounds, including two fatal blows to the back of the head. Two wounds on the face, one to the ribs and one to the buttock were likely delivered post-mortem, after Richard III was stripped of his armor, the researchers wrote. These "humiliation wounds" may have been designed to disrespect the king in death.
Follow Stephanie Pappas on Twitter?and Google+. Follow us @livescience, Facebook?and Google+. Original article on LiveScience.com.
Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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