Gavel Gamut By Jim Redwine(Week 31 October 2016)♪ THE NAME GAME ♪As a lifetime member of the Indiana University Alumni Association I receive regular email postings from IU. Not all of them are requests for more money. Today I received notice my alma mater has renamed the basketball gymnasium “Simon Skjodt Assembly Hall”.In 2008 I received notice my Indiana University Law School had been renamed the Indiana University Mauer School of Law in honor of Micky Mauer. The Skjodt family gave $40 million dollars. Micky Mauer gave $35 million dollars. Nobody from IU sought input from me on either change. As far as I can tell both changes were made for the best of reasons, i.e., we wanted the money.When I was on campus (1963 – 1970) we had another arena where we held ballgames, enrolled in classes and ran around a dirt track. At the law school we had a library, classrooms and study areas. My guess is they still do.I recall as an undergraduate being involved in the pros and cons of building the $28 million dollar Assembly Hall. The pros named it Assembly Hall in an effort to convince the cons it would not be just a gym for basketball but an educational edifice where academic and cultural events would trump mere athletics. I never had an English or psychology or geology or any other class there. Cultural events were then and are now held in the IU Auditorium by Showalter Fountain.The taxpayers of Indiana established IU in 1820. Indiana University has several campuses with Bloomington being the main one. The total budget for all campuses for 2015 – 2016 is $3.27 billion dollars. The gifts from Mauer and Skjodt are a total of $75 million or about .2% of the total budget.I appreciate people who contribute money, time, talent and sweat to IU. I think they should be encouraged to do so and be rewarded when they do. That is why we have statues, plaques, paintings and busts of heroes and contributors. Perhaps a room within Assembly Hall and the Indiana University School of Law where contributors are honored might be good. A statue or bust of Mauer and Skjodt, and others, would be fine with me. I assume they are fine people.However, the naming of an edifice built with money from all Hoosiers and maintained with money from all Hoosiers might best be named for all Hoosiers. What’s to be done when someone wealthier or more narcissistic comes along? Do we rename the entire institution or perhaps tear it down and start anew so we can give it a new name?I understand and, in fact, agree with honoring those who have performed great service to others by naming things after them. The city of Washington, D.C. comes to mind.However, the current trend of pay for play in which multibillion dollar institutions sell naming rights for relatively small amounts reminds me of that old joke about quibbling over the price of an evening’s entertainment with someone who will play for a large sum but is offended by a small one.FacebookTwitterCopy LinkEmail
It added that it made losses on its emerging market equity investments, without providing further details.The scheme’s 5% property portfolio delivered a quarterly return of 3%, following positive results for both listed and non-listed real estate.Investments in private equity and hedge funds – 2.6% of assets under management – produced a combined return of 1.7%.The pension fund reported a loss of 0.1% on its currency hedge, as a result of a slightly weakening euro against the Japanese yen and the Australian dollar.Over the first quarter, the pension fund saw its coverage ratio increase by 7.6 percentage points to 135.8%. However, this was chiefly due to an additional contribution of €879m by the employer following the agreed financial independence of its scheme, closed for new entrants on 1 January 2014.Currently, it has 72,775 participants.New pensions accrual will take place in two new pension funds, providing collective defined contribution arrangements.A new ING CDC Pensioenfonds will provide pensions for staff of ING Bank and Westland-Utrecht Bank, while NN CDC Pensioenfonds will manage the pension plan for staff at ING Insurances and ING Investment Management.The two new schemes come in anticipation of the planned split of ING into a banking company and an insurance and investment firm – ordered by the European Commission due to the financial support ING received from the Dutch government during the financial crisis. The €20.7bn pension fund of banc-assurer ING has returned 6.6% on its investments over the first quarter.The scheme cited the effect of falling interest rates on its fixed income allocation of almost 72%, which returned 9.3%.Last January, the pension fund increased its fixed income allocation by 6.6 percentage points – at the expense of its equity holdings – on the back of strong equity returns last year.Equities – accounting for 18.4% of the overall portfolio at March-end – returned 1% over the first quarter, mainly thanks to the performance of US and European investments, Pensioenfonds ING said.
Abidjan, Ivory Coast | AFP |Flying Crystal Palace winger Wilfried Zaha looks set to make his Ivory Coast debut after he was named in their final 23-man squad for the Africa Cup of Nations on Wednesday.The 24-year-old is among several Premier League stars included by coach Michel Dussuyer for the January 14-February 5 tournament in Gabon, where the Ivory Coast are defending champions and among the favourites to retain their crown.Dussuyer last week named a 24-man provisional squad and it is forward Nicolas Pepe, who plays in France for Angers, who misses out.England manager Gareth Southgate had urged Zaha, who was born in Abidjan but appeared in two friendlies for England under former boss Roy Hodgson, to stick with the country where he grew up.But the former Manchester United man ignored that and now looks set to play a major part in Gabon after pledging his allegiance to the Ivory Coast in November.Missing for the Ivory Coast is captain Gervinho, who is out injured, but Dussuyer can still call upon an array of European-based players, among them defender Eric Bailly (Manchester United), Serge Aurier (PSG), Salomon Kalou (Hertha Berlin) and Wilfried Bony (on loan at Stoke City from Manchester City). Ivory Coast are playing Sweden in a friendly on Sunday and Uganda three days later.At the Nations Cup, Ivory Coast play Togo on January 16 in their opening match followed by Democratic Republic of Congo and Morocco.Ivory Coast squad:Goalkeepers: Sylvain Gbohouo (Mazembe/DRC), Mande Sayouba (Stabaek/NOR), Ali Badra Sangare (Tanda/CIV)Defenders: Eric Bailly (Manchester United/ENG), Serge Aurier (Paris SG/FRA), Simon Deli (Slavia Prague/CZE), Ousmane Viera (Adanaspor/TUR), Wilfried Kanon (The Hague/NED), Lamine Kone (Sunderland/ENG), Adama Traore (Basel/SUI), Bagayoko Mamadou (St-Truiden/BEL)Midfielders: Geoffroy Serey Die (Basel/SUI), Victorien Angban (Granada/ESP), Cheick Doukoure (Metz/FRA), Franck Kessie (Atalanta/ITA), Serge N’Guessan (Nancy/FRA), Jean-Michael Seri (Nice/FRA)Attackers: Wilfried Bony (Stoke City/ENG), Max Gradel (Bournemouth/ENG), Jonathan Kodjia (Aston Villa/ENG), Giovanni Sio (Rennes/FRA), Salomon Kalou (Hertha Berlin/GER), Wilfried Zaha (Crystal Palace/ENG)Share on: WhatsApp
Facebook0Tweet0Pin0 Submitted by Saint Martin’s UniversityShannon Porter broke her own school record in the 1,500 meters.The Saint Martin’s University track and field teams broke five school records today at the SMU Last Chance Qualifier at the SMU track and field.The Saint men won the meet with 183 points and the women finish third with 136 points behind Seattle Pacific and Central Washington.Shannon Porter broke her own school record in the 1,500 meters that she set earlier this season. She won the event with a time of 4:35.32 to break the record of 4:35.56.Kirby Neale set an NCAA Provisional Mark and broke the school record in the shot put with a toss of 14.24m (46-08 3/4). Neale broke the school record of 42-6 1/4 set in 2000 by Julie Mattson.Angel Rodgers broke her own school record in the hammer with a toss of 160-0. She broke the record of 159-1 set last season.Kirby Neale set a new Saint Martin’s record in shot put, breaking the record set in 2000. Cody House, Jaysen Yoro, Mikel Smith and David Durden broke their own school record in the 4×100 meter relays with a time of 42.61. They broke the record of 43.50 set earlier this season.Andrew Andrada broke the school record in the pole vault with a mark of 4.68m (15-4 1/4) to win the event. He broke the record of 14-11 set in 2012 by Kevin Johnson.“Saint Martin’s track and field athletes had one of their best days of the entire season as several personal bests and school records were set,” said head coach Jim Brewer. “Kirby had a huge PR in the shot and I am so proud of how well our athletes really put it on the line today in front of their home crowd.”“Our meet would not have been as successful if it wasn’t for the many volunteers and officials,” added Brewer. “A big thank you to them.”Saint Martin’s is back in action May 8-9 in Monmouth, Ore., for the Great Northwest Athletic Conference Outdoor Championships.