Principal closes deal to buy Wells Fargo retirement business

first_imgDES MOINES, Iowa (AP) — Principal Financial Group says it has closed its purchase of the Wells Fargo’s Institutional Retirement & Trust business.Principal said Monday it is beginning the integration of the Wells Fargo’s 401k, pension, executive deferred compensation, employee stock ownership plans and asset advice business.Principal Chairman Dan Houston says Principal broadens offerings in retirement and asset management, doubling the size of its U.S. retirement business with the deal.Principal says it’s appointing several executives from the Wells Fargo business to its retirement leadership team and says it will keep open locations in Minnesota, North Carolina, Texas and the Philippines.The Wells Fargo retirement businesses manage about $827 billion in assets.Principal previously announced the $1.2 billion deal would be financed with cash and senior debt financing.Principal has a pension processing center in Mason City.last_img read more

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Warren Backholm Serves as a Page in the Washington State Senator

first_imgFacebook27Tweet0Pin0 Submitted by Sen. Karen FraserTumwater’s Warren Backholm recently served as a page for Sen. Karen Fraser, D-Olympia, in the Washington State Senate.“Warren is very interested in the legislative process already.  I hope this experience serves to further those interests and that he left here having had a positive and educational experience,” Fraser said.Backholm, 15, lives in Tumwater where he is home schooled.  He has an interest in debate, politics, economics and has served as a campaign volunteer.last_img

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STABLE NOTES BY ED GOLDEN – THURSDAY MAY 14, 2015

first_imgCAN THE PHAROAH RULE AGAIN IN PREAKNESS?SADLER HAS PAIR FOR ‘TOUGH’ ANGELS FLIGHTTRAINER REMEMBERS JUMRON IN 1995 DERBYCHAMP BEHOLDER GOES BACK TO THE TRACK Doug O’Neill35710520%$333,550 Elvis Trujillo3341312%$187,200 GARY LEWIS, JUMRON REMEMBERED 20 YEARS LATERIt’s been 20 years since Gary Lewis had his day in the sun, running Jumron in the 1995 Kentucky Derby. Off at 5-1 under jockey Goncalino Almeida, the English-bred horse finished fourth, beaten three lengths and a head by Thunder Gulch.Lewis is long done training, but he’s still around to cherish the memories.“Jumron won the El Camino Real Derby, the Golden State Derby and was third in the Santa Anita Derby behind Larry the Legend and Afternoon Deelites,” said Lewis, now retired, who turned 74 on March 22. Lewis still makes an appearance at the track on occasion.He took out his trainer’s license in 1979 and had several stakes winners along the way in addition to Jumron, most notably the crack sprinter Lucky Forever, a Washington-bred gelding who set a world record of 1:13.24 for 6 ½ furlongs at Hollywood Park almost 20 years ago, on May 20,1995.“He’s probably the best horse I ever had,” Lewis said. Dan Hendricks831038%$71,890 FINISH LINES: Two-time Eclipse Award winner Beholder went back to the track Thursday, recovered from a fever that forced her to miss the Grade I Vanity Stakes last Saturday. “She went out with a pony,” said Richard Mandella, who has the daughter of Henny Hughes ticketed for the Grade III Adoration Stakes at 1 1/16 miles on June 13, while American Stakes winner Bal a Bali goes in the Grade I Shoemaker Mile on turf June 13. Precisionist Stakes winner Catch a Flight, a candidate for the Grade I, $500,000 Gold Cup at Santa Anita on June 27, went four furlongs for Mandella in 49.20 . . . San Onofre, runner-up in the Kona Gold Stakes, worked six furlongs in a bullet 1:11.20 for Karen Headley, who has designs on the Grade III Los Angeles Stakes at six furlongs on May 25. Getting in a turf work before late morning rain fell was Santa Barbara Handicap winner Queen of the Sand for Paddy Gallagher . . . Trainer A.C. Avila served the final day of his 60-day suspension yesterday and was back at Santa Anita Thursday morning, happy to be on hand but 15 pounds overweight after living the good life in Miami, Kentucky, Italy and his native Brazil during his sojourn. He bought some fresh stock at Keeneland and in Brazil . . .Three Hearts, third in the Santa Barbara Handicap on April 18, worked seven furlongs for Neil Drysdale on Santa Anita’s firm turf course Sunday in 1:29.80 for the Grade I, $300,000 Gamely Stakes for fillies and mares at nine furlongs on the grass Monday, May 25. Drysdale also worked Brazilian import Going Somewhere seven furlongs on turf Sunday in 1:29.40 for the Grade II Charles Whittingham Stakes for 3-year-olds and up at 1 ½ miles on grass May 24. Going Somewhere won the Group 1 Gran Premio Internacional Carlos Pelligrini in 2012 in his native country . . . Professional horse player Duke Matties and horse player Billy Blake will be Tom Quigley‘s guests 10:20 a.m. Saturday and 11:20 a.m. Sunday, respectively, in the East Paddock Gardens . . . The Great Race Place presents its Santa Anita Carnival on Memorial Day weekend, Saturday, May 23 through Monday, May 25. The entire family is invited for three days of live racing, carnival rides, games and prizes, with unlimited rides for children for only $10. Admission and parking to the Infield is free through Gate 6 off Colorado Place. SANTA ANITA STATISTICS (Current Through Sunday, May 10) Alex Solis1123118%$110,400 Edwin Maldonado3348612%$177,160 Fernando Perez4077618%$294,780 Tiago Pereira2346317%$187,670 Felipe Valdez3857413%$198,080 Joseph Talamo4172817%$254,162 Robertino Diodoro1021120%$47,640 Victor Espinoza821025%$98,270 Santiago Gonzalez3137110%$130,458 Bob Baffert921122%$94,740 Richard Mandella1755129%$385,840 Rafael Bejarano4188920%$361,570 Brayan Pena282127%$55,410 Mike Smith1231125%$314,280 Alonso Quinonez1921511%$73,268 John Sadler232439%$137,598 Mark Glatt1823311%$89,354 John Shirreffs2200100%$67,200 TrainerSts1st2nd3rdWin%Money Won Philip D’Amato2072235%$278,960 Peter Miller222819%$171,510 JockeyMts1st2nd3rdWin%Money Won Flavien Prat451110224%$620,370 Richard Baltas2163129%$307,610 Michael Machowsky922122%$68,850 Drayden Van Dyke3564217%$240,310 SMALL BUT QUALITY FIELD IN ANGELS FLIGHTThe purse for Saturday’s Angels Flight Stakes is only $75,000, but in the eyes of trainer John Sadler, who has two horses entered in the seven furlong race for 3-year-old fillies, it’s not an easy race.“It’s a tough race,” said Sadler, who sends out Ben’s Duchess and Suva Harbor. “Even though it’s a small field, there’s plenty of quality. Suva Harbor won a stakes at Sunland Park (the Island Fashion on Feb. 22), but the race after that on turf, the Ultra Fleet here, she didn’t run well. We don’t think she liked the grass. She’ll be better on dirt.”The field for the Angeles Flight, the second race on an 11-race card that starts at 11:30 a.m.: Ultimate Holiday, Felipe Valdez, 12-1; Tara’s Tango, Mike Smith, 1-1; Suva Harbor, Edwin Maldonado, 12-1; $1,500 supplemental nominee Moon’s Over, Elvis Trujillo, 6-1; Fantastic Style, Rafael; Bejarano, 9-5; and Ben’s Duchess, Joe Talamo, 7-2. Martin Jones520040%$199,350 Jerry Hollendorfer232549%$200,504 PREAKNESS OFF TRACK SHOULD AID PHAROAH American Pharoah is one-third of the way to capturing racing’s most elusive prize: the Triple Crown. A hundred and forty one horses have won the Kentucky Derby; one does each year, as Pharoah did on May 2. Hundreds have won Breeders’ Cup races and other valued stakes.But none has swept the Derby, the Preakness and the Belmont Stakes since 1978, a drought that would extend to 37 years should Pharoah fail this year. Affirmed was the last to win the Triple, and only 11 in racing history have done so since its inception nearly a century ago, in 1919, when Sir Barton became the first.Theories abound as to why. Three of the most prevalent cite the increased fragility of the Thoroughbred; the penchant to breed for speed; and the daunting task of winning three classic races at different distances over different race tracks in a span of five weeks, a challenge no trainer short of Barry Abrams would attempt these days unless so mandated.Gary Young has been watching horses train in Southern California for 35 years, betting on them, buying them and recommending them to others.The private clocker and bloodstock agent picked American Pharoah to win the Derby in no uncertain terms, putting his reputation boldly on the line when he said before the Run for the Roses, “There’s no such thing as cinches, but barring anything unforeseen, this horse is going to be awful tough to beat.”Breaking from post position 15 in a field of 18 and wearing saddle cloth No. 18, American Pharoah won the 1 1/4-mile Derby by a length, for the first time in three starts this year being strongly urged the length of the stretch by jockey Victor Espinoza. Can the two win Saturday’s 1 3/16-mile Preakness Stakes after drawing post position one in a field of eight?“Mile and a half races, especially on dirt, are not run very much at all in the United States anymore,” Young said, alluding to the Belmont Stakes, the final leg of the Triple Crown which is run at that distance, this year on June 6.“The Belmont is about the only meaningful race at that distance on dirt in America. Name any other mile and a half race of any consequence in America. It’s definitely a unique race. There are some on turf, but not on dirt.“It has never been America’s forte to produce mile and a half horses through breeding and it’s even more so nowadays. There have been plenty of horses able to run back in two weeks and win the Derby and the Preakness, but running a mile and a half three weeks after the Preakness takes a certain kind of horse, and that’s why there hasn’t been a Triple Crown winner in so long.“When I was a kid growing up and Secretariat won the Triple Crown in 1973, he was the first to do it since Citation in 1948. I thought that was a long interval back then, but now it’s been a really long time.“That said, American Pharoah is definitely the horse to beat in the Preakness everything being equal, and with the National Weather forecast calling for 40 percent chance of showers in Baltimore Friday and Saturday, that would only give him a greater edge, when you consider how easily he won the Rebel Stakes on an off track before he won the Kentucky Derby.“It will be quite warm Saturday with a high of 87. Not that he needs any more breaks the way he skipped through the mud at Oaklawn, but he might get one if the Pimlico track is off.”Bob Baffert’s record in the Preakness and 3-year-old classics in general is another plus. The Hall of Fame trainer has four wins in the Run for the Roses and is seeking his sixth Preakness victory Saturday, with American Pharoah and/or Santa Anita Derby winner Dortmund, beaten only three lengths in the Derby after setting the pace until deep stretch.“He certainly knows how to get a horse ready for Triple Crown races,” Young said of Baffert. “That shouldn’t hurt him come Saturday.”Espinoza, meanwhile, was well-received at Dodger Stadium Tuesday night when he tossed out the ceremonial first pitch before the game–that veered “high and away” to Dodger bench coach Tim Wallach.In conjunction with the Preakness, Santa Anita will present an attractive day of live racing along with a big Preakness party featuring the Preakness Handicapping Challenge offering $100,000 in prizes this weekend, May 16 and 17.For details, visit santaanita.com. A ‘SPECIAL’ MONDAY AT DERBY RESTAURANT With the Special Olympics World Games being held throughout Southern California from July 25-Aug. 9, the City of Arcadia will be among the many communities hosting a group of participating athletes and their coaches for three days prior to the competition.And the legendary Derby restaurant at 233 Huntington Drive is doing its part to help.This Monday, May 18, the Derby will donate, after costs, all proceeds from lunch, dinner and alcohol to a volunteer committee that has been making plans to house, feed, transport and entertain a contingent of approximately 100 from the twin-island country of Trinidad & Tobago and the Kyrgyz Republic, the former Soviet Union country of Kyrgyzstan.A number of jockeys, including Mike Smith and Gary Stevens, and retired great Laffit Pincay Jr., plus horse trainers and city dignitaries, have indicated they will be at the Derby on Monday. Reservation are highly recommended and can be made by calling 626 447-2430. A mention of Special Olympics is encouraged.For further information, contact committee member Larry Stewart at 818 512-1608. Mike Puype2022310%$126,560 Jorge Periban722129%$45,870 William Spawr730043%$59,220 Gonzalo Nicolas353279%$111,236 -30- Vladimir Cerin720229%$74,180 Martin Garcia1020120%$56,990 Tyler Baze631091216%$486,750 Mario Gutierrez1522413%$115,120 Peter Eurton1421414%$64,956last_img read more

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GECOM putting cart before the horse with fingerprint cross-matching – Jagdeo

first_imgOpposition Leader Bharrat Jagdeo has positioned that moving ahead with the proposed fingerprint cross-matching exercise is useless at this point in time since it would not yield any significant information while wasting valuable time.Opposition Leader Bharrat JagdeoThis announcement was made during his weekly press conference on Friday, where it was clearly explained that the cross-referencing of registered fingerprints is done solely at the end of the Claims and Objections period to remove duplicates.To move forward with such a step now, he noted, would not produce any pertinent data such as the names of new registrants but rather, only cases where duplicates are present. He insisted that the main attention should focus on new names to be added to the National Register of Registrants (NRR) before forging ahead.“They want to now cross-match the fingerprints. At the end of the Claims and Objections, that is something that is necessary. You have to check all the fingerprints, cross-match to see that you don’t have duplicates. That will come at the end. Before then, they want to do that now too, and spend nearly (US) $350,000 of our money in a lengthy process that will only tell you if there are duplicate fingerprints, not who the new registrants are,” he informed.Jagdeo also shared concerns about the time this process would take, further pushing elections to a later date. Adding to that, it is a waste of taxpayers’ money.“This current fingerprint matching exercise is a waste of time to delay once again the elections because, at the end, you still have to cross-match when you finish the Claims and Objections. That’s the final test of the list…It’s a useless activity that will cost us a lot of money,” Jagdeo directed.The House-to-House Registration exercise ended on August 31, as ordered by the Guyana Elections Commission (GECOM) Chairperson, retired Justice Claudette Singh. However, it was decided that persons registered during that time would be merged to the NRR. At that time, 370,000 were already registered.Immediately after the decision was taken, however, the People’s Progressive Party nominated GECOM Commissioners were less than happy about the decision to merge the House-to-House Registration data. According to Commissioner Robeson Benn, this was not a product of their proposals.“The difficulty we have is merging and verification of the data. It was not our proposal. We have said that any merging or verification of the data is wrong. It will take a long time and it will contaminate the NRR. It will result in duplicates. And having appeared as duplicates, each one of those will have to be investigated.”Once again, Jagdeo contended that only the new registrants should be merged to the list since a complete combination of the database would take much longer. Merging all 370,000 persons would also present difficulty in eliminating the names of those who were already registered since their names would be listed twice. For this, he also questioned the accuracy of the software that would be used to eliminate duplicate names, since a simple error can result in anomalies on the final list.“You don’t have to merge the entire database and take three months. First of all, prepare it because it is in registration forms…You can do it easily otherwise and in the Claims and Objections period, the 2000 new people could easily be registered. Not that they would be disenfranchised,” the Opposition Leader stated.He added, “They want to create a new dataset and then merge the two to find out who the others are. We pointed out that even if you do a software that recognise duplicate names and eliminate them, if they make an error in the inputting or the enumeration of your name, then the computer would read that same person with an error in the name, because it is spelt differently as a new person, and merge that person over to the NRR.”After last Tuesday’s statutory meeting, it was noted that a team from GECOM including the Deputy Chief Elections Officer, Roxanne Myers and the Information Technology Manager were in Jamaica, observing the process of cross-matching fingerprints.Upon their return, Chief Elections Officer (CEO) Keith Lowenfield will prepare a plan, proposing the timeframe to merge the data with the register.Notwithstanding these decisions, former Attorney General Anil Nandlall had also asserted that the registration data could not be used in the NRR.“The decision says House-to-House will be terminated. And the second component of the decision is more disturbing. It is that the data will be merged into the database. So we are rewarding those who acted in defiance of the Constitution. The data generated by this exercise is deeply flawed,” Nandlall said.last_img read more

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Fishing the North Coast: Plenty of green water for steelhead anglers

first_imgIf you’re looking to get on the water this weekend and to chase some winter steelhead, you shouldn’t have any trouble finding a fishable river. Just about every coastal river will be some shade of green — and likely fishable — come Saturday morning. This many green river options doesn’t happen often, and I’m having a hard time thinking of any excuse not to be on the water. Every creek and river, except for the main stem Eel, from the Chetco down to the South Fork of the Eel, should be fishable …last_img

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How to Be Increasingly Less Dumb

first_imgThere is a very high penalty to be paid for believing that you are smart. If you believe that you know enough—even in a single domain—then you don’t easily recognize the massive gaps in your knowledge. And there are massive gaps in your knowledge.If there is nothing left for you to learn, then you have cut yourself off from the possibility of growth. Growth necessarily requires “new;” new information, new ideas, new actions, new possibilities, and new results.If there aren’t things that you know and believe that aren’t open to being changed with new information, then there is no way to progress, to improve. One of the best ways to stagnate as a person is to refuse to consider new information. This is especially true when you reject information that conflicts with what you believe you know.If you are the smartest person in the room, if you can learn nothing from others, in addition to being a bore, you will also miss out on ideas that are worth your time and exploration. That doesn’t make you the smartest person in the room.Less DumbWhat you want to be is dumb, and continually getting less dumb. You want to be curious and open to new and challenging ideas.Human knowledge is growing at an incredible pace. In some disciplines, it is doubling every couple years. There is no way one can keep up; the staggering pace is leaving all of us behind. You do, however, have to run the race.Knowing that you know very little, and accepting that what you do know is a very tiny sliver of what is known—even in your domain—creates the possibility of new learning. Recognizing that you know almost nothing about most everything opens up a world of possibilities for acquiring new information, new ideas, and new breakthroughs.Whenever you learn something new, you become less dumb. Whenever you open yourself up to new information that conflicts with what you know, you grow, and by doing so, you grow stronger.When you allow other people to be smart and share what they know, they are transferring their knowledge to you. That’s smart, and therefore, you are less dumb.last_img read more

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21 days agoLiverpool star Salah ‘must rest’ insists ​Egypt coach El Badry

first_imgLiverpool star Salah ‘must rest’ insists ​Egypt coach El Badryby Freddie Taylor21 days agoSend to a friendShare the loveEgypt coach Hossam El Badry believes that his star player Mohamed Salah needs rest.The Liverpool winger is set to miss the nation’s friendly against Botswana during the upcoming international period.And El Badry knows he must take the long term health of the player into consideration when deciding on his line up.”I agreed with him that it is in his best interests and those of the national team that he rests,” El Badry told local channel MBC Masr.”He won’t be with us at the training camp for Botswana, but God willing, he will be with us for the official matches.” About the authorFreddie TaylorShare the loveHave your saylast_img read more

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8 days agoMan Utd boss Solskjaer: Right call to offload Alexis and Lukaku

first_imgMan Utd boss Solskjaer: Right call to offload Alexis and Lukakuby Paul Vegas8 days agoSend to a friendShare the loveManchester United boss Ole Gunnar Solskjaer says he has no regrets offloading Alexis Sanchez and Romelu Lukaku.He insists sending the pair to Inter Milan was the best decision for all concerned.Solskjaer told Sky Sports: “In one-off games, you think we could’ve had a number of extra players with experience. Alexis and Rom are goalscorers and good players, but at the moment, we made those decisions and they were the right decisions.”That’s the only way you’ve got to look at it. All the players here want to give everything for the club and for the shirt – that’s a big thing.”Every day that they come in training, and every day that they put the shirt on, they’re going to give everything that they have. So you can’t really say, ‘oh I wish I didn’t do that’.”Giving a couple of the lads the chance to show themselves, maybe it was a little bit too early for a few of them. But Mason Greenwood has stepped in and scored a couple in the midweek games, so it’s a great experience for them.”We know we haven’t had the results that we wanted, but I wouldn’t have kept the players we sold. It was the right decision.” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

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ELC students Purple Party raising money for Cancer Society at Legion tomorrow

first_imgFORT ST. JOHN, B.C. — A trio of ELC students will be hosting an event at the Fort St. John Legion on Friday to help raise money for the BC Cancer Foundation.Students Duncan Ross, Kurtis Lee, and Brendon Modde decided to help members in the local community who are battling cancer by raising money for the BC Cancer Foundation. The trio, who have played hockey together for a number of years, decided that they could make the biggest positive impact in the community by raising money for cancer research.The group is hosting a Purple Party – named for the colours of the Cancer Foundation – at the Fort St. John Legion on June 15th. The event will feature 50/50 draws, raffle draws, and auctions for items that the group was able to get donated to the cause, including for a round-trip airfare for two to anywhere WestJet flies. “The community was very generous with the support they gave us,” said Ross.“That was one of the things I felt surprised at was how kind and generous all the many businesses and companies actually were,” added Modde.The group says that so far, they’ve raised $2,000 of their $10,000 goal, but after securing the WestJet donation, they anticipate the amount going higher. Tickets for the WestJet draw are $20 each, and so far they’ve sold around 200 of the 1,000 tickets for the draw. The trio says they’ll be selling tickets at various locations around town this weekend ahead of the draw, which is taking place at the Purple Party.The Purple Party is taking place on Friday, June 15th at the Fort St. John Legion beginning at 5:00 p.m.last_img read more

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