Daily Archives: July 6, 2014

MURRIETA: Murrieta Mayor’s letter to President Barack Obama over immigration

From City of Murrieta Facebook:

Murrieta Mayor Alan Long wrote a letter to President Barack Obama over the blockade at the Border Patrol station. Long said the incident did not reflect the city’s “compassionate and caring” nature.

And here is the letter to President Obama dated July 3, 2014:

 

Murrieta City Manager’s message to the community concerning protest on arrival of undocumented immigrants for processing

I am posting this message from the City Manager for the City of Murrieta, CA concerning the protest over the undocumented immigrants that arrived for processing.There has been so much talk in the media concerning this issue and what is painted in the media concerning the city of Murrieta and the mayor. Regardless of what one stands on this complicated issue, the bottom line is that a immigration reform must be on the table for Congress to fix. Here is the City Manager’s message on the city of Murrieta’s website on July 3, 2014:

This has been a difficult week in the city of Murrieta.  We have been challenged and in some ways we fell down in the face of the challenge.  We have been both celebrated and vilified locally and in the national press — and mostly based on inaccurate interpretations of the same issue.  On Monday, Mayor Long gave a press conference.  During that press conference he recognized people’s right to peaceful protest.  He also expressed frustration with the federal immigration policy that appears to be encouraging women and children from Central America to migrate to the US via the Rio Grande Valley.  He recognized that immigration is the responsibility of the federal government, but was concerned that the Murrieta Border Patrol station would be receiving 140 women and children every 72 hours for processing.  This facility is not appropriate for that purpose – it is essentially a jail, designed to hold drug runners and criminals caught at the Border Patrol checkpoint on I-15 just south of Temecula.  When Mayor Long expressed frustration with the federal government and recommended protest, he was suggesting that concerned citizenscontact their US Representatives and the President to share their thoughts.  To that end, a list of federal offices, Members of Congress representing our area and the White House phone numbers were compiled on a list that was shared at the press conference. 

Sadly, too many people took this as encouragement to protest the arrival of buses carrying the women and children to the Border Patrol station in Murrieta.  Protesters came from around the southland to oppose the arrival of undocumented immigrants to Murrieta for processing.  In the face of the protest, three buses were turned around and the protesters claimed victory.  This was not victory.  It was a loss for the city of Murrieta, for the community that we live in and love.  It made this extremely compassionate community look heartless and uncaring.  That is NOT the Murrieta that we all know and love. 

There appear to be two sides to this issue – those who believe Mayor Long was encouraging them to stand in front of the buses in protest, and those who believe that Murrieta does not recognize that the US is the envy of the world and that people want to migrate here, even at the risk of their lives and the lives of their children.  Both sides are wrong.  We understand that people want to come to the US to seek a better life for their families, and we are a compassionate people who want to help.  But we also are a country whose legal system is based on the rule of law, and the people migrating must do so within the boundaries of the law.  The protests resulting from the incorrect interpretations of Mayor Long’s comments have given our community a black eye. 

To be clear, the City of Murrieta’s primary role is public safety.  Our police department has been out in force to protect the lives and the rights of those individuals who have chosen to protest.  We are proud of our police department knowing that they have done an outstanding job of maintaining the peace. 

Beyond that, we recognize that there is a battle in play between the Congress and the President over immigration.  True, this is a federal issue and should be resolved at the federal level.  But it is affecting our community is a very real and ugly way.  This brings us back to Mayor Long’s original message – we should be contacting our US Representatives and the President and letting them know that their failure to resolve this issue has damaged our community, and not only ours, but communities throughout the southwestern US.  We should be encouraging them to begin a dialogue – a dialogue that we are very ready to be part of.

And above all, we should show everyone what a truly compassionate and caring community Murrieta is!

Rick Dudley
City Manager

When CEO has cancer, board must plan for more than succession

When Goldman Sachs’ then-senior partner, Gus Levy, suffered a stroke in the middle of a client meeting in 1976 and died shortly after, the bank’s management didn’t know who would lead the firm. No one, it seemed, had planned for succession.

What happened next is not entirely clear. As Roy Smith, a former Goldman partner, tells the story, Levy had left a note in the top drawer of his desk in the office. It said if anything were to happen to him, the management committee should name John Whitehead and John Weinberg as co-senior partners, and so Goldman did that, Smith said.

Whitehead said he never saw the letter. He said both Weinberg, who died in 2006, and he knew they were next in line and proposed to the committee that they share the title equally.

“It was a very short period of people not knowing,” Whitehead said.

Succession planning at most major U.S. companies has evolved considerably since then. When JPMorgan Chase & Co Chairman and Chief Executive Jamie Dimon announced this week that he had been diagnosed with throat cancer, the largest U.S. bank said its board already had plans for a full-range of scenarios in place.

Sudden, life-threatening ailments such as cancer present unique management challenges, which can throw a company into limbo and need more than the typical succession planning that boards do.

Companies must decide how much to tell investors while balancing disclosure with privacy of the CEO and his or her family. They have to accelerate their succession planning, while remembering that the person can fully recover and continue to do the job. They must ensure day-to-day management can continue smoothly, but also be prepared to deal with the situation if a crisis suddenly hits the company while its chief is out of commission.

Treatment for an ailment like throat cancer can be very debilitating, sometimes leaving the patient with mouth sores, and difficulty swallowing and speaking, according to doctors. There is often also residual damage from the radiation, which means recovery takes time.

“The real question is, how much distraction and energy and focus do you still have to keep running the company effectively?” Smith said. “If you’re worried about whether you’re going to die, the affairs of the bank become less interesting but to the shareholder they’re as important as they were before.”

Read on.

JPMorgan Chase : Ex-JPMorgan trader contests UK regulator’s ‘Whale’ findings – FT

(Reuters) – A former JPMorgan Chase & Co trader has filed an appeal with a London tribunal court to challenge civil findings made by Britain’s financial watchdog against the bank over the “London Whale” debacle of 2012, the Financial Times reported on Sunday, citing tribunal records.

Julien Grout, a junior trader with JP Morgan who was indicted in the United States in September on five charges, will allege that he was “readily identifiable” in findings which were meant to be anonymous, the daily quoted people familiar with the matter as saying.

The French national was accused of participating in a conspiracy to hide losses within JPMorgan’s Chief Investment Office in London by marking positions in a credit derivatives portfolio at inflated prices.

Another former JP Morgan employee, Achilles Macris, won the right to challenge the Financial Conduct Authority in April, after a tribunal court ruled that by failing to give him the right of reply to its report into the affair the regulator had infringed his rights.

Graham Huntley, a London-based solicitor for Grout, and the FCA could not immediately be reached for a comment outside of regular business hours in the UK.

Read on.

Lear Capital execs pay fines for veteran facing foreclosure over American flag

In the spirit of Independence Day, a couple of Los Angeles business executives paid off the fines for a Florida home-owning veteran who faced foreclosure for an American flag on his front stoop.

Larry Murphree, a 73-year-old Air Force veteran, has been fined thousands of dollars by his Jacksonville homeowners association and has even had a lien placed on his home because he refuses to remove a 17-by-12-inch flag from a flower pot on his porch.

“When we read his story it offended our sensibilities,” said Scott Carter, CEO of Lear Capital, Fox News reported. “The thought of him losing his home, we felt it was wrong. We wanted to help.”

Along with Lear Capital founder Kevin DeMerritt, the executives paid the $8,000 he owed plus another $2,500 for tax adjustments.

“They [homeowner’s association were using the strong arm of money to get him to get rid of the flag,” Mr. Carter told Fox. “They were skimming the money from his [paid] dues to pay the fines which created a lien on his house.”

“What was a small contribution from a company was a significant gesture in his eyes,” he said.

“The flag is worth fighting for,” Mr. Murphree said. “If they want to foreclose, bring it on. I’m getting calls from all over the county to stand up. That’s what I’m going to do.”

Read on.

Many Founding Fathers Were Shockingly Young When The Declaration Of Independence Was Signed In 1776

Wow! Amazing! And we have lawmakers who been on Capitol Hill that are out of touch and move this country in the changing times of technologies and philosophies.

Yahoo Finance:

How old were the Founding Fathers when the Declaration of Independence was signed in 1776?

Some were older, like Thomas Jefferson who was 33, John Hancock who was 39, or Benjamin Franklin who was 70. Others were shockingly young — even teenagers. James Monroe, for example, was 18 and Alexander Hamilton was 21.

All Things Liberty compiled a list of the ages of key people during the American Revolution (a period spanning from 1765–1783) when the Declaration of Independence was signed.

Here’s everyone who was younger than 30 on July 4, 1776, including a few signers of the nation-changing document:

  • Andrew Jackson, 9
  • (Major) Thomas Young, 12
  • Deborah Sampson, 15
  • James Armistead, 15
  • Sybil Ludington, 15
  • Joseph Plumb Martin, 15
  • Peter Salem, 16
  • Peggy Shippen, 16
  • Marquis de Lafayette, 18
  • James Monroe, 18
  • Charles Pinckney, 18
  • Henry Lee III, 20
  • Gilbert Stuart, 20
  • John Trumbull, 20
  • Aaron Burr, 20
  • John Marshall, 20
  • Nathan Hale, 21
  • Banastre Tarleton, 21
  • Alexander Hamilton, 21
  • John Laurens, 21
  • Benjamin Tallmadge, 22
  • Robert Townsend, 22
  • George Rogers Clark, 23
  • David Humphreys, 23
  • Gouveneur Morris, 24
  • Betsy Ross, 24
  • William Washington, 24
  • James Madison, 25
  • Henry Knox, 25
  • John Andre, 26
  • Thomas Lynch, Jr., 26
  • Edward Rutledge, 26
  • Abraham Woodhull, 26
  • Isaiah Thomas, 27
  • George Walton, 27
  • John Paul Jones, 28
  • Bernardo de Galvez, 29
  • Thomas Heyward, Jr., 29
  • Robert R. Livingston, 29

Canadians fight to keep water on for 79,000 in Detroit

It is truly a crying shame that another country would come to the aid to Detroit resident when this is humanity issue when the Detroit lawmakers and Michigan Governor is creating gentrification in that city to push low income minority residents out.

City shutting off water to 3,000 delinquent accounts each week

Thousands of Detroit residents are facing a reality rarely seen around the Great Lakes: Life without water.

But a Canadian group is leading the charge against a controversial plan to stop water service on delinquent accounts.

The bankrupt city is shutting off water at a rate of 3,000 residents per week. It also recently increased water rates by nine per cent.

Nearly half of the 329,000 accounts are in arrears and the average cost of a Detroit water bill is double the national average.

Maude Barlow, chair of the Council of Canadians, flagged Detroit’s plan to deal with delinquent accounts to the United Nations earlier this year. The UN calls the plan to shut off water a clear violation of human rights.

“I’ve seen this in the poorest countries in the world,” Barlow said. “This is what we call failed states, but to see this in North America, it’s a disgrace.”

Read on.