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MSU Hire Cohen as New AD
By bryanflynnFormer Mississippi State Athletic Director Scott Stricklin recently left the program to take the same position at the University of Florida. But MSU didn’t have to look to far to find its new athletic director: The university gave current head baseball coach John Cohen for the job.
Cohen is the 17th athletic director in Mississippi State history. He is a two-time SEC Coach of the Year, once at the University of Kentucky and once at MSU, for his work as the baseball coach.
MSU hired Cohen as head baseball coach in 2009, and since then, the team has won 284 games. He has seen 135 Bulldogs get selected in the MLB Draft. Two of his assistants, Nick Mingione and Butch Thompson, have become head coaches at the University of Kentucky and Auburn University.
In his eight years leading the MSU program, Cohen built a 284-203-1 record. Last season, he led the Bulldogs to a 44-18-1 record, and MSU went from worst to first after the program posted a 24-30 season the previous year.
The Tuscaloosa, Ala., native played at MSU and was a part of the Bulldogs’ 1989 SEC Championship team and 1990 College World Series team. He graduated from the University with a bachelor’s degree in English in 1990.
Cohen received a master’s degree in sports management from the University of Missouri in 1994. He spent six seasons as a graduate assistant and coach with the Tigers before taking the head coaching job at Northwestern State University from 1998 to 2001.
While at Northwestern State, Cohen built a 146-84 record before becoming an assistant coach at the University of Florida from 2002 to 2003. He left Florida to take over at the University of Kentucky.
Cohen finished his time with the Wildcats with a 175-112-1 record from 2004 to 2008.
During his time and MSU and Kentucky, he led seven teams to NCAA Regionals.
In 2013 Cohen led the Bulldogs to one of the best seasons in MSU history with a 51-20 record, and the Bulldogs reached the College World Series finals before falling to the University of California at Los Angeles.
Cohen has been a coach in the SEC for 13 seasons and has coached in the conference for 15 years overall. In July, he was named associate athletic director, along with his duties as head baseball coach.
While head coach at MSU, Cohen has helped the athletic program raise funds to upgrade Dudy Noble Field. The upgrades make the baseball stadium one of the best in the country.
Lake Charles, La.’s American Press newspaper has reported that current LSU assistant coach Andy Cannizaro is the new head baseball coach at MSU. Cannizaro joined the LSU coaching staff in 2014, when he began his coaching career.
Cohen is the third former coach to become athletic director at a SEC school. He joins Skip Berkman, the athletic director at LSU, and Ray …
Showdown Saturday & Week Six College Football Picks
By bryanflynnThe Leaves have begun to fall and the weather is changing from the heat of September to the cooler temperatures of October. College football doesn't cool down with the weather it only begins to get hotter. Gone are the September routs of weak scheduling of out of conference opponents. Finally, conference games are in full swing and their will be no where for the pretenders to hide.
I Love This Video From the JPL 'Mission Control' During Mars Landing
By Todd StaufferWhen we looked at the clock last night and realized it was only about 20 minutes before Curiosity was set to land on Mars, I decided to root around and find a Web feed to see if we could watch it in action. Having been warned that there might be a blackout on communication between Curiosity and Earth, I figured it'd be a relatively uneventful web feed, if still a bit dramatic while they waited.
Well, it turned out that the 10-year-old satellite that NASA has in orbit around Mars -- Opportunity -- didn't fail JPL (Jet Propulsion Laboratory) the way they were concerned it might, so they were able to maintain communication throughout and learn how Curiosity had done step-by-step through its complicated landing sequence.
Curiosity started the journey on Nov. 26, 2011, blasting off from Cape Canaveral, Florida, arriving at Mars pretty much exactly on time.
The video starts after a long deceleration that included Curiosity employing a heat shield to enter the Mars atmosphere (thus slowing down from its interplanetary cruising speed) and then free-falling from 81 miles up to 7 miles up, reaching about 900 mph.
At that point, the most crazy-bad supersonic parachute ever deployed opens up and slows the 2000-lb contraption until its braking jets kick in -- I said braking jets -- and Curiosity slows down to basically hover about 65 feet in the air, when the "sky crane" deployed and gently placed the rover on the surface. (This is, for the record, pretty much how Hollywood has always envisioned the Martians invading us.)
The crew seems pretty excited for the 10 minutes prior to where this video starts, presumably because they knew they had access to Opportunity and would receive data on the descent -- instead of waiting minutes or hours for a quiet confirmation from their $2.5 billion rover on the surface.
Remember, though, that because of the 14-minute delay, by the time they do receive word that Curiosity has entered the Martian atmosphere, Curiosity has actually already hit the surface of Mars... they have no control over the landing; just an opportunity to find out "how hard."
The video starts with JPL communications desk saying "ready for sky crane" and saying "down to 10 meters per second" which means Curiosity has decelerated to under 10 miles per hour at about 40 meters above the surface. It continues decelerating quickly to nearly hover, followed by the "sky crane" going into action and placing the rover on the surface.
In case you couldn't hear it for the cheering, the line is: "Touchdown confirmed. We're safe on Mars."
Update: Here's another fun version that NASA has put together that includes their animation of the Curiosity landings along with an edit of the live call from JPL.
Aaron Kromer Takes Over Saints Head Coaching Duties When Joe Vitt's Suspension Starts
By bryanflynnAaron Kromer will take over as New Orleans Saints head coach when Joe Vitt begins his six game suspension (begins Sept 3), starts at the beginning of the NFL season. Kromer is the offensive line and running game coach.
This is the fifth season the 45-year old coach has been with the Saints. General Manger Mickey Loomis and team owner Tom Benson tapped Kromer over offensive coordinator Pete Carmichael Jr. and defensive coordinator Steve Spagnuolo.
Kromer interviewed for the St. Louis Rams job last season but the Rams hired Jeff Fisher instead. The offensive line coach has been talked about becoming the interim coach since the suspensions of Sean Payton and Vitt were announced in late March.
With Kromer taking over the job as head coach, Carmichael Jr. will be able to focus on the offense and working with Drew Brees. Spagnuolo was head coach in St. Louis but is in his first in New Orleans as Saints defensive coordinator and he can focus on installing his defense.
Vitt stated after practice today that Kromer will be next to him during the final two preseason games. New Orleans plays the Houston Texans at home on Saturday and finish the preseason at the Tennessee Titans next Thursday .
Thoughts:
I have no problems with Kromer taking over the head coaching job when the Vitt begins his suspension. He (Kromer) can lean on Carmicheal Jr. and Spagnuolo if he needs advice or talk through a situation.
Also, I like the Saints named one guy head coach and not head coach by committee. One person needs to be the guy to make the big decisions like going for two-point conversions or on-sides kick.
Instead of Kromer standing by Vitt over the final two preseason games, Kromer needs to take over and make the big decisions. He needs to get a feel for the game during game situations and not during the first game of the season against the Washington Redskins.
Kromer needs to be seen by the players as decisive and ready to make pregame and in-game decisions. I am not sure if that feeling will come across in the final two preseason games just standing next to Joe Vitt.
This might sound strange but Vitt needs to be in the coaches’ box at the top of the stadium or not even been at the stadium over the next two preseason games. Kromer needs to have the situation as close to opening day as the Saints can make it in the preseason.
The Saints only play one team with a winning record from last season (Green Bay Packers) in their first six games. New Orleans faces Washington Redskins (5-11), Carolina Panthers (6-10), Kansas City Chiefs (7-9), Green Bay (15-1), San Diego Chargers (8-8) and Tampa Bay Buccaneers (4-12) over the first six games.
There are thoughts by several NFL writers that Kansas City and San Diego will be improved and Carolina will make leaps in year …
Mumme's the Word on New Belhaven Football Coach
By R.L. NaveSee the following press release from Belhaven University:
Belhaven University and the Department of Athletics is pleased to announce that Hal Mumme will be the next Head Football Coach. Mumme comes to Belhaven from Southern Methodist University, where he served as an Assistant Coach and Passing Game Coordinator under Head Coach June Jones in 2013.
“I heard for years Hal Mumme’s reputation as a football genius and innovator,” said Belhaven University President Dr. Roger Parrott. “Then when I got to know him personally, I was amazed at how what we as football fans see on the field is just the tip of the iceberg of this remarkable coach and leader. I am excited for our students, our players, and our alumni, because Belhaven football is going to join the “Air-Raid” and soar, with Hal Mumme coming to be our head coach.”
Under the coaching of Mumme, SMU quarterback Garrett Gilbert set multiple single game and single season records during the 2013 season. Gilbert racked up 635 yards of total offense against Temple, seventh most in a game in NCAA history. Gilbert also recorded single season school records, second for most total offensive yards (3795), second in passing yards (3528), and first in completions (335). As a team, the Mustangs recorded 5,222 total yards with 4,097 of those yards coming through the air in 2013.
“I want to thank Hal for his work over the past year,” said SMU Head Coach June Jones. “He is an innovator and a friend. I really enjoyed the time we spent together. We wish him well at Belhaven.”
Mumme not only brings experience as an assistant coach at the NCAA Division I level, but has been a head coach at Division I Kentucky, New Mexico State, and Southeastern Louisiana. Mumme was also the Head Coach at NCAA Division II Valdosta State, Iowa Wesleyan (NAIA), and most recently McMurry (Division III and now Division II).
Mumme spent four seasons at McMurry and led the team to a 27-16 record, including three consecutive winning seasons. Mumme resurrected a McMurry program that had lost 13 consecutive games and had not had a winning season for eight years prior to his arrival. In 2011, Mumme posted a 9-3 record with the team and secured McMurry’s first postseason victory since 1949 by beating Trinity in the first round of the Division III playoffs.
Mumme began his coaching career in the NAIA at Iowa Wesleyan in 1989 and led the Tigers to the playoffs in 1991. In 1992, he moved on to NCAA Division II Valdosta State and then to Kentucky in the SEC where he coached Number One NFL Draft Pick Tim Couch. In 1998, the Wildcats went 7-5 and played in the Outback Bowl, becoming the first coach to take the team to a New Year’s Day bowl game since Bear Bryant in 1951. He is the only coach in the modern era at Kentucky to beat Alabama and numerous college head coaches’ are part of his coaching tree, …
Jackson Among First Bloomberg Philanthropies’ “What Works Cities”
By ellington_supportFull release from the office of Mayor Tony Yarber:
Jackson, Miss., Selected as One of First Cities to Participate in Bloomberg Philanthropies’ “What Works Cities”Initiative
Jackson to use data and evidence to advance strategic goals
Jackson, Miss.–August 5, 2015 –Mayor Tony T. Yarber announced today that Jackson is one of the first cities selected to participate in Bloomberg Philanthropies’ What Works Cities - a $42 million initiative to help 100 mid-sized American cities enhance their use of data and evidence to improve the lives of residents.
Jackson is one of eight cities that will receive expert on-the-ground support and peer-to-peer learning opportunities to make local government more effective. Since the launch of the What Works Cities initiative in April 2015, mayors from every region of the country have expressed their desire for assistance to address local challenges using data and evidence and within the first six weeks alone, 112 U.S. cities across 41 states applied.
"Making better use of data is one of the best opportunities cities have to solve problems and deliver better results for their citizens. The first group of cities in the What Works Cities program represent the range of local leaders across the country who are committed to using data and evidence to improve people's everyday lives," said Michael R. Bloomberg.
What Works Cities collaborates with participating municipalities to review their current use of data and evidence, understand where they are utilizing best practices and identify areas for growth. Through its expert partners, What Works Cities then designs a customized approach to help mayors apply tools to address a variety of local issues including economic development, public health, job creation, and blight.
“We are honored that Jackson was selected to participate in What Works Cities, funded by Bloomberg Philanthropies,” said Mayor Yarber.“This initiative will give us access to experts who can help us in our drive toward transparent, data-driven governance – empowering us to make decisions necessary for our city’s future based on the facts instead of just our feelings. In this economic climate, we must do more with less. This initiative will help us dramatically improve the lives of our citizens.”
Working with the What Works Cities world-class partners, we will implement open data practices for the first time and launch a citywide, mayoral-led performance management program using data and evidence to track progress on key priorities and improve day-to-day operations.
In addition to Jackson, the other inaugural cities selected to participate are Chattanooga, Tennessee; Kansas City, Missouri; Louisville, Kentucky; Mesa, Arizona; New Orleans, Louisiana; Seattle, Washington; and Tulsa, Oklahoma.
One hundred cities will be admitted to the program on a rolling basis through 2017, adding momentum to the national movement among cities to use data and evidence to improve the delivery of government services and advance cities’ strategic goals.The What Works Cities initiative capitalizes on Bloomberg Philanthropies’ belief in the importance of data and evidence to improve people’s lives and make government more effective.
The consortium of leading organizations that has been assembled …
Can Football's Past Save Its Future?
By bryanflynnRugby was a precursor to American football. Soccer is also attached to early football as well, and all three games can trace their roots back to Greek and Roman games.
The first football game in America is credited to Rutgers University and Princeton University on November 6, 1869. Rutgers won the game 6-4 over Princeton.
Football began to gain popularity in the U.S., especially on the east coast, and at universities such as Harvard University, Yale University, Princeton University and others. While the game grew fans, it also grew detractors.
Early football was even more violent than today’s football. In fact, punching or drop-kicking an opposing player was not against the rules. Neither were shots to the head or other moves you might see in bar fight or pro-wrestling match.
Football tried to clean itself up with rule changes from the “Father of American Football” Walter Camp. Under Camp, the game added the line of scrimmage, cut players on the field down to 11, changed the size of the field, created the downs system used today and many other advances.
While these rules helped, the game was still dangerous to play. In the early 1900s, the game came under fire to be banned for how violent it was at the time.
There are reports that upwards of 20 people died playing football in 1905. That spurred change even as then-President Teddy Roosevelt got involved because of the public outcry.
Rules were changed again, this time adding the forward pass and the formation of the Intercollegiate Athletic Association the forerunner to the NCAA. These rule changes helped make the game safer in the long run.
Fast Forward to 100 years later and there is a public outcry over the safety of football. This time about concussions.
Let’s be honest. Football, rugby, hockey and other impact sports are going to always have a risk of injury or even death. That doesn’t mean officials should stop working to make the game safer, but there will be a certain amount of risk involved in playing these sports.
While concussions are a part of rugby as well as football, there is something football could learn from rugby.
The Seattle Seahawks and other teams in both pro and college football are teaching shoulder tackling. The Seahawks have even produced two videos on how to shoulder tackle properly.
Both videos show drills that can be done with and without pads to learn to shoulder tackle. The idea is to take the head out of the game. Nothing is 100 percent effective, but it should be worth studying to see if players’ head injuries are reduced by using rugby tackling.
Seattle, like them or hate them, is one of the best tackling team in the league and one of the most physical teams as well. The changes in how they tackle haven’t affected their ability to be physical on …
USA Faces Tough Test in Group Stage of Copa América Centenario
By bryanflynnIf you didn’t know, the Copa América Centenario started last week. Here is a brief history of the tournament and some background on why this Copa América is so special.
This is the first time in the history of the Copa América that it has taken place outside of South America. Normally, the tournament takes place on that continent and crowns a champion in CONMEBOL, which is the governing body of South American soccer.
The first Copa América was held in 1916, making this the oldest international continental soccer tournament. CONMEBOL has 10 members and has invited only two teams outside of it to take part in the competition since 1993.
The 10 CONMEBOL members are: Argentina, Brazil, Bolivia, Chile, Ecuador, Colombia, Paraguay, Peru, Uruguay and Venezuela.
Most of the time, CONMEBOL invites teams from CONCACAF, the governing body of which the United States is a member, but has invited Japan to play in the tournament. The US has played in the 1993, 1997 and 2007 Copa América.
Eight of the 10 CONMEBOL countries have won the tournament, with Ecuador and Venezuela being the only countries yet to win. Uruguay has the most titles with 15, but Chile is the reigning champion.
Since this is the 100th year of the tournament, this installment is a mega event with 16 teams instead of the normal 12 teams. The US is hosting the event for the first time, and five other CONCACAF teams—Mexico, Costa Rica, Jamaica, Haiti and Panama—have joined in.
The USA is in Group A with Colombia, Costa Rica and Paraguay. This might be the toughest group of the tournament with all four teams having strong squads.
Colombia, already the favorite to win the group, confirmed that thought after the team’s 2-0 win over USA. That leaves the US, Costa Rica and Paraguay fighting for the second spot to advance. Costa Rica and Paraguay played to a 0-0 draw in their first group game.
In the first game of the tournament, Colombia made a spectacular goal off a corner kick. The US keeper had no chance of making the save. The second Colombian goal was off a penalty kick for a USA player’s handball in the box. The call was iffy at best and didn’t look like the American athlete made the action deliberately, but it is a subjective call.
Even before the opening loss, many didn't expect much from USA after the team struggled in matches at the Gold Cup and in World Cup qualifying.
The best player in Group A is Colombia's James Rodriguez, who was the breakout star of the last World Cup. Rodriguez made the penalty but left the game with a shoulder injury, which could affect the group if he is going to be out of action.
Clint Dempsey, Michael Bradley, Jermaine Jones and 12 other 2014 World Cup players on this squad will need to show leadership after the loss. It seems almost …
Jackson Indie Music Week Rides Again
By micah_smithIt’s only been about five months since the inaugural Jackson Indie Music Week brought music-industry panels, podcasts and performers from every genre to about 12 venues throughout the capital city, but preparations are already underway to make 2017 Jackson Indie Music Week, which takes place Jan. 8 through Jan. 15, even larger in scale.
53 Former Wrestlers Sue the WWE Over Concussions
By bryanflynnThe NFL is trying to settle a concussion lawsuit against it. A concussion lawsuit against the NHL is currently pending.
Now, 53 former wrestlers are suing the WWE over concussions. It really only seemed to be a matter of time before the biggest wrestling organization in America ended up in court.
Some of the lawsuits’ better known plaintiffs are Jimmy “Superfly” Snuka, Paul “Mr. Wonderful” Orndorff and Joseph “Road Warrior Animal” Laurinaitis. Some interesting facts: Snuka was just declared mentally incompetent to stand trial for the murder and manslaughter charges stemming from 1983, Laurinaitis’ brother John still works for the WWE, and Orndorff made an appearance at WrestleMania XXX and on Monday Night Raw in 2014.
James Harris, better known as Kamala, is a Mississippi native and is also named as a plaintiff in the lawsuit. Harris had both his legs amputated due to diabetes in 2014.
The lawsuit alleges that the WWE hid the risk of brain trauma from wrestlers and put profits over the welfare of performers’ health. Attorney Konstantine Kyros, whose name sounds like wrestling heel or bad guy, filed the lawsuit.
Kyros has tried to sue the WWE in the past and has already seen two class-action lawsuits against the Stamford, Conn.-based company dismissed. He also has two wrongful death lawsuits pending against the WWE.
One major obstacle to this lawsuit is if the wrestlers can prove the WWE knew the dangers of concussions and hid them from them. As ESPN’s legal expert Lester Munson points out, do the wrestlers and their lawyers have a “smoking gun” to prove that the WWE knowingly withheld concussion information?
Another hurdle for the wrestlers will be that they were, and still are, considered independent contractors. Unlike the NFL and other sports leagues, wrestlers don’t have a union to represent them.
The current lawsuit addresses the fact that the wrestlers are independent contractors and states that independent contractor is the wrong designation.
Even if the wrestlers get the lawsuit in front of a judge or jury, many of them worked for other organizations. In the days before the WWE became a national company, wrestlers worked for organizations that were territory based.
Several of the wrestlers in this lawsuit started out during the territorial days. In those days, the different territories were under gentleman's agreements, and the National Wrestling Alliance was the governing body.
Nearly all of the wrestlers in the lawsuit wrestled for organizations such as World Championship Wrestling, New Japan Pro Wrestling, Extreme Championship Wrestling, Total NonStop Action and others.
In fact, some wrestlers in the lawsuit spent more time with other organizations than they did with the WWE. The fact that the WWE bought both WCW and ECW might play a part in the lawsuit.
Any wrestler who spent time in ECW might have a hard time proving any health problems they had were suffered in the WWE. The former
Saints Win Over Seattle Could Lead to Great Things
By bryanflynnThe New Orleans Saints won a game that might turn their fortunes around this season after using their rushing attack and a late defensive stand to defeat the Seattle Seahawks on Oct. 30.
There will be more talk about Seattle’s failure to close out the Saints than New Orleans’ win. Many fans and sports analysts expected the Seahawks to be one of the best teams in the league and in the race to represent the NFC in the Super Bowl.
Most people expected New Orleans to be an offensive juggernaut again but to come up short on defense. While that script has played out at times this year, the Saints’ defense has shown growth as the season has gone along.
The Saints’ defense sparked a comeback over the San Diego Chargers to get their first win of the season and racked up stops against the Carolina Panthers in the team's second win.
On defense, New Orleans has done enough to win games since beating the Chargers, even if it didn’t always go so well on the other side of the ball. For instance, on Oct. 23, the Kansas City Chiefs used two Saints turnovers to get past New Orleans with a pick-six early and a forced fumble late. Those turnovers cost the Saints a chance at a win.
Against Seattle, the Saints ran the ball 35 times for 123 yards, and New Orleans quarterback Drew Brees attempted 35 passes. It was a balanced attack for the Saints. New Orleans also saw running back Mark Ingram return a fumble for a touchdown but still end up in the doghouse since he fumbled for a second week in a row. The Saints trailed most of the game but only gave up 13 points on defense.
The Saints are now 20th in total defense instead of sitting at the complete bottom of the standings. They’re turning things around despite several key players still being out due to injuries.
This week, New Orleans travels to face the San Francisco 49ers on Sunday, Nov. 6. As the once-division rivals clash, this could be the game where the Saints reach .500, but can they keep pushing upward?
The Saints follow up the 49ers with a home game against the 6-2 Denver Broncos on Nov. 13. This will be a tough game to win but not impossible if the Superdome is truly returning to the home-field advantage that opposing teams once feared.
New Orleans finishes the season with seven winnable games: the 2-5 Carolina Panthers, the 3-4 LA Rams, the 4-4 Detroit Lions, the 3-4 Tampa Bay Buccaneers, the 3-4 Arizona Cardinals, Tampa again and the 5-3 Atlanta Falcons to end the season. That is just two teams at or above .500 at this moment for the rest of the season. There is nothing left on the schedule that should be impossible for this team to win.
There is no question whether …
Combine Knowledge
By bryanflynnThe top draft prospects will be at the NFL Combine, which runs from Friday, March 3, to Monday, March 6. Players are broken up by position, with running backs on one day and quarterback on another day and so forth.
If you want to watch the Combine but never have, you will need to know a few things. Even if you don’t have a firm hold of everything, it doesn’t hurt to watch and figure it out over the next few days.
The main attraction of each day of the Combine is the 40-yard dash. It can get redundant at times because, let's face it, once you have seen one 40-yard dash, you have seen them all. That is, until someone runs a blazing time for their position. Seeing a 250-pound player running a 4.4-second 40-yard dash is something to behold.
Come for the 40-yard dash, but stay for the on-the-field drills. The football-related drills are a great way to see the differences in players.
Those drills also bring a ton of lingo to the broadcast. One thing you will hear a lot about is hips. Players will have “stiff hips,” “loose hips,” “tight hips,” “good hip movement” and a few more hip-related phrases. Don’t be surprised to hear about ankles, “bubble butts,” legs, thighs and more.
Stiff or tight hips are normally considered a bad thing because football is about a quick change of direction. Loose hips are normally a good thing, as it means that a player is good at moving on the field.
Another phrase that you will hear a good bit is “red flags.” Those can be for medical reasons, run-ins with the law, suspensions from the team or anything that could make a team weary about drafting a player.
One thing that scouts and teams have to worry about are workout warriors, or guys who kill it at the Combine but didn’t necessarily stand out during the past season. These players might drive up their draft stock because of the numbers they put at the Combine, but it might not translate to success in the NFL.
Remember, every player has practiced taking the wonderlic (an IQ test for NFL players), and worked on running the 40-yard dash, the broad jump and the on-the-field drills. The Combine is a job interview that can earn or cost players millions of dollars.
So it is not the player’s fault if a team falls in love with a workout warrior or player that explodes at the Combine. It is up the teams to do their homework on every player they are going to draft. That brings up another point. The Combine should confirm what scouts and coaches have seen on tape. If a player runs a faster time than what is expected, teams should go back and look at the tape to see if they were wrong about the player or if that player has worked on his 40-yard dash …
A Look Back & A Look Forward for State's College Football Teams
By bryanflynnAfter near postponement due to a hurricane the first week of college football in the state of Mississippi is in the books. Most of the games went true to form but there were a couple of surprises. Each week, JFP Sports is going to spend Thursdays with a look back and a look head for each Mississippi team. Also, we will give you predictions for week two college football games.
Just Out: New York Attorney General Subpoenas Bain Documents
By Donna LaddIn its Sunday edition, The New York Times is reporting that New York Attorney General Eric Schneiderman is investigating several private equity firms, including Bain Capital for possibly abusing a tax strategy "in order to slice hundreds of millions of dollars from their tax bills."
The attorney general, Eric T. Schneiderman, has in recent weeks subpoenaed more than a dozen firms seeking documents that would reveal whether they converted certain management fees collected from their investors into fund investments, which are taxed at a far lower rate than ordinary income.
Among the firms to receive subpoenas are Kohlberg Kravis Roberts & Company, TPG Capital, Sun Capital Partners, Apollo Global Management, Silver Lake Partners and Bain Capital, which was founded by Mitt Romney, the Republican nominee for president. Representatives for the firms declined to comment on the inquiry.
Mr. Schneiderman’s investigation will intensify scrutiny of an industry already bruised by the campaign season, as President Obama and the Democrats have sought to depict Mr. Romney through his long career in private equity as a businessman who dismantled companies and laid off workers while amassing a personal fortune estimated at $250 million.
The subpoenas, by a Democrat, went out before a huge document leak recently that raised questions about Bain Capital's practices:
The tax strategy — which is viewed as perfectly legal by some tax experts, aggressive by others and potentially illegal by some — came to light last month when hundreds of pages of Bain’s internal financial documents were made available online. The financial statements show that at least $1 billion in accumulated fees that otherwise would have been taxed as ordinary income for Bain executives had been converted into investments producing capital gains, which are subject to a federal tax of 15 percent, versus a top rate of 35 percent for ordinary income. That means the Bain partners saved more than $200 million in federal income taxes and more than $20 million in Medicare taxes.
The subpoenas, which executives said were issued in July, predated the leak of the Bain documents by several weeks and do not appear to be connected with them. Mr. Schneiderman, who is also co-chairman of a mortgage fraud task force appointed by Mr. Obama, has made cracking down on large-scale tax evasion a priority of his first term.
As a retired partner, Mr. Romney continues to receive profits from Bain Capital and has had investments in some of the funds that documents show used the tax strategy.
Be sure to read the entire article for a succinct explanation about the fees/interest practices of many financial firms. This ends the piece:
The leaked documents show that Bain has in recent years waived management fees in at least eight private equity and other funds, including one formed as early as January 2002. The documents stated that Bain executives had the right to decide either annually or each quarter whether to waive some or all of their management fees; they also had …
Eagles Hope to Put Another Nail in the Saints Playoff Coffin
By bryanflynnMonday night football, tonight, will end the debate of who has been more underachieving in the NFC this season. New Orleans (2-5) faces Philadelphia (3-4) in a game many would have thought before the season was a playoff preview. That was before the Saints stumbled out of the gate losing their first four games and the Eagles lost four of their last five games. Now both of these teams come into this game knowing that loss could damage their their playoff hopes beyond repair.
DOR Not Coming to Downtown Jackson
By R.L. NaveThe Mississippi Department of Finance and Administration, which oversees the operation of state buildings, has recommended the former Worldcom Building in Clinton as the permanent home for the Department of Revenue, now housed in what's practically a shed, also in Clinton.
Downtown Jackson had been a front-runner for agency HQ, especially after a 2011 report commissioned by then-Gov. Haley Barbour said buying the Landmark Building would be the cheapest option for our cash-strapped state.
The issue has since become politically charged with Speaker Philip Gunn wanting to keep the agency close to his Clinton district.
DFA explains its rational in the following verbatim news release:
MS Department of Finance & Administration Recommends New Location for the MS Department of Revenue
Today, the MS Department of Finance & Administration has determined that, on the basis of receiving the highest evaluation score, the Mississippi Department of Revenue should execute a 20 year lease agreement with Duckworth Realty for the relocation of its offices to the South Pointe Building (the former Worldcom Building) in Clinton, MS. The initial annual cost to the State would be $2,878,000 resulting in a total cost of $41,428,492 (net present value) for the term of the lease agreement. This offer represented the lowest total cost to the State. The proposal submitted by Duckworth for the South Pointe Building includes 187,511 square feet of office space, 600 parking spaces, tenant improvements, security and janitorial services. The lease term would begin July 1, 2014.
Kevin J. Upchurch, Executive Director of the Mississippi Department of Finance & Administration, stated “We are pleased to have a more permanent solution to the issue of housing the MS Department of Revenue. The selection process was thorough and comprehensive. The main objectives of this process were the cost to the taxpayers, ease of access for citizens, and securing a more permanent, functional facility for MDOR employees. I am satisfied that this location meets all of those objectives.”
On November 1, 2012, DFA issued a Request for Proposal (RFP) to obtain new offices for the Mississippi Department of Revenue (MDOR) via a long term lease. A team consisting of three DFA employees and two MDOR employees was assembled to evaluate all proposals based on pre-defined calculations and scoring criteria. The State received six proposals and three were selected for further review. The three finalists were Hertz Investment Group, LLC (The Landmark Building), Ergon (Diversified Technologies Building), and Duckworth Realty (South Pointe Building).
DFA contracted with Allred Architectural Group, P.A. of Ocean Springs, MS to perform test fit analysis, building assessments, and environmental assessments of the three proposed buildings. This review was designed to determine each building’s ability to meet the needs of the MDOR. The review was also designed to identify any deficiencies within the buildings. Based on the results of these analyses, each finalist was asked to the submit a Best and Final Offer in which they were to explain how any noted deficiencies would be addressed, as well as, make any final …
Federal, State Indictments Rain Down in DMR Probe
By R.L. NaveBill Walker, the former executive director of the Mississippi Department of Marine Resources, and nine other people have been indicted on state and federal charges related to an ongoing investigation into the state agency's spending.
State Auditor Stacey Pickering issued the following statement:
GULFPORT, Miss.- Federal and state grand juries returned indictments this week following a joint investigation into the activities of the Mississippi Department of Marine Resources (“DMR”) and a $3 million grant issued to the City of D’Iberville, announced U.S. Attorney Gregory K. Davis, FBI Special Agent in Charge Daniel McMullen, Mississippi State Auditor Stacey Pickering, Second Circuit District Attorney Joel Smith and Nineteenth Circuit District Attorney Tony Lawrence. The State Auditor’s Office also issued civil demands totaling more than $1 million.
William W. Walker, 68, of Ocean Springs, Scott J. Walker, 34, of Ocean Springs, Sheila Tina Shumate, 52, of Saucier, and Joseph C. Zeigler, Jr., 66, of Gulfport, have been named in a five-count federal indictment, returned on Tuesday, November 5, 2013, charging conspiracy to commit federal program fraud, federal program fraud, conspiracy to commit mail fraud and mail fraud involving DMR and the Mississippi Marine Resources Foundation.
Scott J. Walker is also named in a separate federal indictment along with Michael Janus, age 47, of Biloxi, charging conspiracy to commit program fraud, program fraud, bribery in connection with a federal program and money laundering. The indictment alleges that Walker and Janus caused a false invoice in the amount of $180,000 to be submitted to the City of D’Iberville for payment of consulting services.
A Harrison County grand jury returned indictments this week against Sheila Tina Shumate, Leslie Young Gollott, Susan Perkins, Jere Grant Larsen, Jr. and Kerwin Cuevas for multiple counts of fraud and embezzlement which allegedly occurred during their employment with the Department of Marine Resources.
In addition, the Mississippi State Auditor’s Office issued demands against ten individuals as part of this investigation totaling $1,022,308.55. The individual demands are listed below:
William Walker- $362,689.14 Joseph Ziegler- $258,268.75 Sheila Shumate- $127,608.57 Leslie Gollott- $117,593.10 Susan Perkins- $ 30,959.34 Grant Larson- $1,342.08 Kerwin Cuevas- $108,420.70 Walter Chataginer- $1,279.85 Kerry Endris- $13,020.66 Samantha Hebert- $1,126.36 “The indictments and demands announced today are one step toward restoring the trust of taxpayers, but they do not close the investigation,” State Auditor Stacey Pickering said. “As alleged in the indictments, these men and women abused their positions, stole from the taxpayers of Mississippi, and they will be held accountable for their actions. I appreciate the hard work and cooperation from the local, state and federal agencies involved including our Special Agents, District Attorneys Joel Smith and Tony Lawrence, Gregory Davis, U.S. Attorney for the Southern District, and Daniel McMullen, Special Agent in Charge for the Federal Bureau of Investigation.”
The public is reminded that an indictment is an allegation that a defendant has committed a crime. All defendants are presumed innocent until and unless proven guilty.
Indie Music Week: Having 'Done the Knowledge'
By micah_smithDespite somewhat of a rough start, the "Do the Knowledge" panel, one of the first major events for the inaugural Jackson Indie Music Week, delivered some useful advice for music-industry hopefuls.
LeBron James Legacy Will Nearly Be Made in These NBA Finals
By bryanflynnLegacy. It is a word that is thrown around a ton these days. But most of the time, it is thrown around too much and at the wrong times.
LeBron James’ legacy has been discussed a lot over the years. But at age 31, we are finally getting to the point where we can really discuss his legacy as a great player.
James is one of the greatest players in NBA history, no question. Depending on how each person ranks their own personal list, he in the top 10 players, top 15 at worst.
Anyone who questions how great he is has to remember that he is playing in his sixth straight NBA Finals. Last season, he dragged an injured and talent-depleted Cleveland Cavaliers team to the finals.
This year, he returns with a healthy team to face the Golden State Warriors for a second straight year. And this years' finals could begin to set his legacy in stone.
James currently has a 2-4 NBA Finals record. People judge him because he went into the league behind Michael Jordan, who went 6-0 in final appearances. Kobe Bryant was 5-2 in final appearances and took the torch as the best NBA player from Jordan.
James took the torch from Bryant but hasn’t had the success that either Jordan or Bryant had on the biggest stage in the NBA. It didn’t help that James lost two of those finals to a great San Antonio Spurs team.
You can make the case that James, when he was with the Miami Heat, shouldn’t have lost to the Dallas Mavericks. On the other hand, you have to remember that he was lucky to win one of his titles against the Spurs after San Antonio fell apart in game six.
There are several reasons the public judges James harshly. His ESPN special, “The Decision,” which talks about him leaving Cleveland for Miami, hurt the public’s opinion of him.
It hasn’t helped that James has a habit of disappearing at times in the finals. He also has a bad habit of becoming a jump shooter, one of his weaknesses, during those times. People remember when he shrinks in the biggest moments.
No one remembers how great you were getting to the finals. They only remember how great you played on that stage.
Things have come around now that James is back in Cleveland. People have returned to the idea that they would like to see a native son bring back a title to city that is struggling and dreaming of one.
James winning for Cleveland would be like the Chicago Cubs winning a World Series. It would change the perception of his titles and his final appearances. Winning a title in Cleveland would mean more than winning a title, period.
With a win, James would up his record to 3-4 in NBA Finals. The win for Cleveland would make it seem like he has an even …
NFL and Teams Are Using Technology to Improve the Game
By bryanflynnTechnology has the power to make nearly everything in our lives better. It also could have the power to make our sports better or at least provide in-game analytics that could change them for the better.
In two recent articles, the Toronto Star reported on ways in which the NFL and teams are using technology to try to improve the game.
In one article, it details how teams are using sound-producing footballs to cut down on fumbles. The ball beeps or whistles when a player is holding it in the correct way.
Players have to hold the ball at five fundamental points of pressure to cause the ball to beep. When done correctly, it beeps at around 80 decibels. This way, players can work on ball security in noncontact and contact drills. A player can have his career cut short if coaches deem that he has a fumble problem. Running backs, in particular, don’t want to get labeled as a player who fumbles.
Division II Northwood University coach Tom Creguer developed the new football, which he dubbed the “High and Tight,” or HnTv1 for short. The ball weighs 1.6 pounds more than the average game ball and costs $150.
Several NFL teams are already using this new ball, including the Washington Redskins, Dallas Cowboys, San Diego Chargers, Baltimore Ravens, Tampa Bay Buccaneers and New Orleans Saints, among others. Several college and high-school teams are also using the High and Tight.
NFL teams aren’t the only ones using technology to improve the game, though. The league itself has decided to add custom computer chips to kicking balls, or “K balls,” during the preseason and in regular-season games on Thursday night.
These chipped balls will give the NFL Competition Committee valuable information next offseason to determine if the goal posts should be narrowed to make extra points and field goals more challenging.
Even with moving extra points back to a 33-yard kick, players still made 85 percent of their attempts. The league wants to make extra points count and add some excitement to the play, and narrowing the goal posts could be a solution.
The current distance between posts is 18 feet and 6 inches. In the 2015 Pro Bowl, the league used goal post at 14 feet.
There could be more advantages to chipped footballs, which the NFL could decide to use on every play in the future.
A ball with a chip in it could give officials a more accurate placement when the defense tackles the carrier. In games where officials question whether a player reached a first down or not, chipped balls would provide the right spot.
This technology could also determine if a player has crossed the goal line. This might help if a player is in a scrum, making the ball less visible to the officials.
Two things could hold back the use of chipped balls on every play.
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