Carlyle (NASDAQ: CG) has appointed Masahiko Fukasawa as the Head of Global Portfolio Solutions Japan, effective immediately. In his new role, Mr. Fukasawa will focus on enhancing Carlyle's portfolio operational value creation efforts in Japan by leveraging global resources and capabilities for the benefit of portfolio companies in the region.Mr. Fukasawa will collaborate closely with Carlyle Japan's Co-Heads, Kazuhiro Yamada and Takaomi Tomioka, as well as Richard Elder, the Global Head of GPS based in Washington D.C., U.S. In response to the appointment, Yamada and...
Columbia University researchers, particularly those at the Zuckerman Institute, have made a groundbreaking discovery regarding the memory capabilities of black-capped chickadees. These small birds have been revealed to possess an extraordinary memory system that allows them to recall the locations of thousands of food caches, crucial for their survival during the winter months.Lead researcher Dmitriy Aronov, PhD, described chickadees as "memory geniuses" and highlighted the significance of their ability to remember specific moments such as hiding food. Through their...
The City University of New York (CUNY) commenced National Community College Month by recognizing 28 CUNY community college students who have been named as semifinalists for the Jack Kent Cooke Foundation’s prestigious Undergraduate Transfer Scholarship. Celebrating this achievement, CUNY is actively promoting its successful support program, CUNY ASAP, which has served over 100,000 students.CUNY Chancellor Félix V. Matos Rodríguez commended the semifinalists, stating, “Congratulations are in order for CUNY’s Jack Kent Cooke Scholarship semifinalists, who embody the great...
The Federal Reserve Bank of Philadelphia has announced changes to its Community Depository Institutions Advisory Council (CDIAC), appointing a new chair and welcoming two new members in April 2024.Jeffrey Stopko, president and CEO of AmeriServ Financial, Inc., has been appointed as the new chair of the CDIAC for 2024, representing the Third Federal Reserve District. Stopko, who has been a member of the advisory council since 2021, will lead the council in its discussions on economic and business trends facing community depository institutions.Joining the CDIAC are James...
WASHINGTON – Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s cabinet for America’s more than 33 million small businesses, announced the Office of Surety Guarantees award winners recognized for their continued work to help small contracting businesses acquire surety bonds.Guzman commended the award winners, stating, "SBA’s surety guarantee partners play a crucial role in helping the SBA facilitate billions of contracting dollars to America’s small businesses, and our 2024 Surety Guarantee...
Virginia Apgar, known for developing the APGAR Score, was honored with a commemorative stamp issued on October 24, 1994. Ruth Bader Ginsburg, the second woman to sit on the U.S. Supreme Court, had a stamp issued in her name on October 2, 2023. Shirley Chisholm, the first Black woman elected to Congress, was commemorated with a stamp on January 31, 2014. Anna Julia Cooper, an advocate for education and civil rights, had a stamp issued in her honor on June 11, 2009. Amelia Earhart, the iconic female aviator, was remembered with a stamp on July 24, 1963. Margaret Mead, a...
SBA Administrator Isabel Casillas Guzman announced the selection of 17 new Women’s Business Centers (WBCs), with 13 of them hosted by established Minority Serving Institutions (MSIs) across ten states. Guzman highlighted the impact of these centers on women entrepreneurs, especially women of color, stating, “Under the Biden-Harris Administration, we have seen a historic Small Business Boom, with women, especially women of color, filing new business applications at double the rates of men.”The SBA’s WBCs provide essential resources to women entrepreneurs, offering...
The National Credit Union Administration (NCUA) has taken action against three individuals, permanently prohibiting them from participating in the affairs of any federally insured depository institution. Sarah C. Conley, a former employee of Summit Federal Credit Union in Rochester, New York, Carlene Bartley, a former employee of Municipal Credit Union in New York, New York, and Esther A. Olson, a former employee of Educational Employees Credit Union in Fresno, California, are the individuals named in the prohibition notices and consent order issued by the NCUA in March...
WASHINGTON – Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, recognized four SBA Resource Partners of the Year awardees. The awardees – from Wisconsin, Michigan, Colorado, and Mississippi – will be honored at a ceremony during National Small Business Week, April 30-May 1, 2024."This year’s Resource Partner of the Year awardees are making a real difference in the lives of countless small business owners — connecting them with...
NEW YORK—The Federal Reserve Bank of New York today announced the appointment of Izzy Martins to the New York Fed’s Second District Advisory Council, effective immediately. Martins, who is the executive vice president and chief financial officer of Avis Budget Group, has a vast experience in the financial sector, having served in various roles within the company and prior to that at Deloitte & Touche.The Second District Advisory Council, consisting of senior business leaders, meets regularly to provide valuable insights on business and economic conditions in the Second...
The National Credit Union Administration (NCUA) disclosed its Office of Minority and Women Inclusion (OMWI) Annual Report to Congress for fiscal year 2023, underscoring the agency’s dedication to diversity, equity, inclusion, and accessibility. NCUA Chairman Todd M. Harper emphasized the agency's strong commitment, stating, "The NCUA has a deep commitment to diversity, equity, inclusion, and accessibility." He further linked this commitment to the historical role of credit unions in serving marginalized communities.Key highlights from the OMWI 2023 Annual Report to...
The U.S. Small Business Administration has revealed the co-sponsors and educational session topics for the upcoming 2024 National Small Business Week (NSBW) Virtual Summit, set to take place from April 30 to May 1. The event aims to provide valuable resources and networking opportunities to small business owners across the nation.Han Nguyen, Associate Administrator for the Office of Communications and Public Liaison at the SBA, highlighted the significance of National Small Business Week, stating, “SBA’s National Small Business Week recognizes entrepreneurs and small...
According to a new report from the Federal Reserve Bank of Cleveland, US banks increased their capital ratios well before the Basel III reforms required them to do so. Research economist Jan-Peter Siedlarek noted that banks preemptively raised their capital ratios rather than waiting for the rules to become binding.The report highlighted that larger and better-capitalized banks took the lead in increasing their capital ratios before smaller and less-well-capitalized banks. However, on average, banks of all sizes notably boosted their regulatory capital ratios between 2009...
Investment funds managed by Morgan Stanley Capital Partners (“MSCP”) have successfully completed the sale of World 50 Parent LLC and its subsidiary companies to a single asset GP-led continuation fund investment vehicle. The continuation fund is backed by investments from Pantheon, Blue Owl Strategic Equity, Lexington, Norwest, Ares Management Funds, AltamarCAM, and Churchill.Adam Shaw, Managing Director and Head of Business Services at MSCP, expressed pride in the transformation of World 50, stating, “We believe World 50 is a unique business model with multiple levers...
The Federal Reserve Bank of Philadelphia’s Consumer Finance Institute (CFI) has launched the Labor, Income, Finances, and Expectations (LIFE) Survey and today published the first report in the quarterly series, which summarizes the latest survey results.According to Bob Hunt, senior vice president and associate director of CFI, "The LIFE Survey is designed to be agile, so that CFI can gather timely information from consumers even when there are sudden, rapid, or unusual shifts in the economy."The survey, which gathers data every quarter from a large cross-section of...
Columbia Nursing recently hosted an event titled “Art in the Time of Crisis: Still Rising,” where members of the community came together to explore the role of art in times of distress. The event was part of the Values in Action initiative launched by President Minouche Shafik and Interim Provost Dennis Mitchell, DDS, to reinforce the university's core values and mission.The original initiative, "Art in the Time of Crisis," was started by Janine Inez, DNP ’22, and Alden Bush, DNP ’22, to provide a platform for students and faculty to express their emotions and experiences...
Morgan Stanley Private Credit (“MSPC”) announced today that several of its investment funds have led a $220 million recapitalization for Grass Valley, a leading media technology company. The recapitalization aims to strengthen Grass Valley's balance sheet and expedite investments in software and integrated hardware solutions, enhancing its cloud-native media platform.Peter Ma, Managing Director at Morgan Stanley Private Credit, expressed the firm's support for Grass Valley's growth, stating, “We are pleased to be Grass Valley’s financing partner and support the company in...
Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) has announced a groundbreaking memorandum of understanding with the Michigan Department of State (MDOS) to promote civic engagement and voter registration in Michigan. The agreement, running through Jan. 1, 2036, marks the SBA's first-ever collaboration of this kind.In a statement, Administrator Guzman emphasized the importance of democracy in economic success, stating, “Protecting and strengthening our democracy is critical to our economic success and a core goal of the Biden-Harris...
Psychology PhD student Courtney Jimenez and her colleagues conducted a study to explore how the brain processes social information when at rest. The researchers used the documentary film Samsara to investigate how study subjects' brains reacted to scenes featuring people and how they remembered the film after watching it.In an interview with Columbia News, Jimenez explained the goals of the study, stating, "What we’re interested in is whether there are brain mechanisms that specifically prioritize our ability to learn social information when we are resting and the default...
On an overcast Friday afternoon, 140 medical students at the Columbia University Vagelos College of Physicians and Surgeons celebrated Match Day, discovering where they will begin their residency training this summer. The event at VP&S featured remarks from various faculty members, including Katrina Armstrong, MD, dean of VP&S.Addressing the unique challenges faced by the class of 2024, Jean-Marie Alves-Bradford, MD, associate dean for student affairs, support, and services, acknowledged their resilience, stating, “Regardless of what the envelopes say—you have made it,...
