Securities Suit Filed Against JP Morgan Chase Over Massive Trading Losses
By Kevin LaCroix on May 16, 2012
In the wake of JP Morgan Chase's startling news last week of its $2 billion trading loss, and of the equaling startling statements of Jamie DImon, the bank's CEO, that the losing trades were, among other things, "flawed, complex, poorly reviewed, poorly executed, and poorly monitored," there has been speculation whether these disclosures would lead to litigation. In particular, commentators have asked whether Dimon's candid statements would hurt the company in any litigation that might arise.
Well, it looks like we will be finding out. On May 14, 2012, plaintiffs filed a securities class action in the Southern District of New York, against the bank; Dimon; Ina Drew, the bank's former Chief Investment Officer: and Douglas Bronstein, the bank's chief financial officer. A copy of the complaint can be found here.
According to the plaintiffs'' lawyers' May 14, 2012 press release (here), the complaint alleges that during the class period of April 13, 2012 through May 11, 2012, the defendants issued "materially false and misleading statements regarding certain securities trading by the Company's Chief Investment Office ("CIO"). Specifically, Defendants misrepresented and/or failed to disclose that the CIO had engaged in extremely risky and speculative trades that exposed JPMorgan to significant losses." The complaint specifically references the defendants' reassuring statements made between the time the rumors about the trading activity first surfaced in April and the time of the disclosures of the trading losses, and blockbuster admissions about the trades.
The initial complaint is just 18 pages. Although the complaint quotes extensively from Dimon's statements in a May 10, 2012 conference call, it does not refer to many other highly publicized features involved with the trading losses, including for example, the April rumors of trading activities by a JP Morgan trader labeled the "London whale," whose trades had roiled the derivatives market (the complaint refers to the trades, just not to the "whale," at least not by that name) nor Dimon's statements to Meet the Press aired on Sunday May 13, 2012, that the bank had been "sloppy" and "stupid" and that he had been "dead wrong" when he characterized questions about the derivatives trades as a "tempest in a teapot."
The complaint's scienter allegations do not allege any motivations for alleged misrepresentations made during the relatively short class period. There are no allegations that any of the defendants' traded on basis of allegations or that the defendants otherwise personally benefitted from the misrepresentations. The complaint does allege that the defendants did not believe their earlier statements about the bank's derivatives trading activities at the time the statements were made.
To be sure, it is not uncommon for an initial securities class action complaint to be skeletal, with more detailed allegations added in subsequent amended pleadings after lead counsel has been selected and the cases consolidated. Along those lines, there may well be other complaints filed on behalf of other prospective class representatives that may contain different or additional allegations. Subsequent complaints or amended complaints may well be more detailed. These complaints may also draw on subsequent news reports that JPMorgan's senior management allegedly had disregarded "red flags" regarding the bank's trading activities.
Even if they are able to add additional details, however, plaintiffs seeking to plead this case will be faced with the challenge of attempting to present scienter allegations sufficient to overcome the initial pleading hurdles. The defendants will argue that it is not enough for plaintiffs to rely on the magnitude of the losses or even on the fact that the losses resulted from a trading strategy that Dimon has now publicly acknowledges was flawed. In attempting to show that the early reassurances are not merely misleading but are actionable, the plaintiffs may find that they must allege more than the subsequent admissions about the trading activities.
How the securities class action plaintiffs will proceed and how they will fare remains to be seen. But in the meantime, there are now press reports circulating that the Department of Justice has "opened an inquiry" regarding the bank's trading losses. The news of the DoJ inquiry follows prior reports that the SEC had opened a review of the developments. President Obama, among many others, has seized upon the bank's trading losses as evidence of the need for greater bank regulation, including in particular the so-called "Volker Rule." Questions are also being raised whether the bank will or should seek to "claw back" compensation from the three trades who were released following the disclosure of the losses.
The fallout from the trading losses will continue to roil the markets and the media for some time to come, and could hound both Dimon and J.P. Morgan for some time as well. In the meantime, the private securities class action lawsuit will unfold, as these cases do, in the fullness of time. I will say that as interesting as it is that a securities class action complaint has been filed, it will be more interesting to see the plaintiffs' allegations as they appear in the consolidated, amended complaint that ultimately will be filed.
Tags: JP Morgan Chase, Securities Litigation


From California capitalism to bidenomics
Published On : 31 May, 2021 8:44 am
Laura Tyson and Lenny Mendonca
LOS ANGELES, CALIFORNIA – MARCH 04: Democratic presidential candidate former Vice President Joe Biden answers a question from a reporter at a campaign event at the W Los Angeles hotel on March 4, 2020 in Los Angeles, California. Biden is coming off a strong Super Tuesday performance while former New York City Mayor Mike Bloomberg announced today he is suspending his campaign. (Photo by Mario Tama/Getty Images)
BERKELEY – US President Joe Biden's first months in office have been impressive. The number of COVID-19 vaccines that have been administered is more than twice what he promised, and the spread of the coronavirus has slowed sharply. In the first quarter of this year, the US economy grew by 6.4% (the fastest quarterly rate since 1984), owing to monetary and fiscal stimulus and the broader reopening of the economy.
Economists at Goldman Sachs expect the 2021 US growth rate to be the fastest in three decades and recent research by the McKinsey Global Institute finds significant acceleration in productivity growth to follow. Under Biden, consumer confidence has rebounded: 55% of voters feel good about the state of the economy, up from 43% when he took office and 34% in May 2020.
Many commentators have compared the Biden administration's economic agenda to Franklin D. Roosevelt's New Deal or to Dwight D. Eisenhower's post-Sputnik expansion of federal science and infrastructure spending. But the best analogy for Bidenomics is California, which has pioneered a strategy of innovation-based sustainable and inclusive growth.
A fundamental component of both Bidenomics and California's economic strategy is robust world-class research to support innovation in global growth sectors. It is these sectors that will drive productivity growth, create good jobs, and fuel US exports and wealth creation now and in the future.
California has led the United States (and the world) in innovation since World War II. It is home to a first-rate public college and university system, private universities like Stanford, CalTech, and the University of Southern California, and six federal research labs (along with hundreds of private ones). While skeptics have once again been proclaiming the impending demise of the California economy, the state has in fact extended its lead in the innovation economy during the pandemic.
A few indicators demonstrate the point. In 2020, more than 440,000 Californians started a new business, up 22% from 2019 and far exceeding all other states (not adjusted for population).
Moreover, in 2020, 50% of the country's venture capital funding went to California – double the combined share of the next three states (New York, Massachusetts, and Texas). Of approximately 750 venture funding rounds or initial public offerings with valuations exceeding $1 billion, roughly 494 have been in California (San Francisco alone has had more than Texas, Florida, and North Carolina combined). And 17 of the 22 US startups ever to have been valued at $10 billion or more in a funding round are based in the San Francisco area.
Whereas the 236 publicly listed companies in Silicon Valley, Salinas Valley, and Monterey Bay had a combined market cap of $4.75 trillion a year ago, that figure has now surpassed $8.5 trillion, implying 80% growth in one year (and during a recession, no less).
Although the rest of the US cannot become another Silicon Valley, new mechanisms to spread investment and venture capital more broadly around the country certainly would help the national economy, not least by helping firms everywhere take advantage of remote work and other pandemic-driven trends. Likewise, a more open immigration system would allow the US to tap into a global pool of talent. It is worth remembering that around half of all Fortune 500 companies in the US were founded by immigrants or their children.
California has benefited greatly from its leadership in the innovation economy. With a highly progressive tax system that taxes capital gains as income, approximately 90% of the state's income tax revenues come from the top 10% of taxpayers. And because innovation drives so much growth in the state's capital and real-estate markets, it generates a large (but volatile) revenue base with which to invest in education, infrastructure, and safety-net programs. Even during the COVID-19 recession, California maintained a budget surplus, now projected to reach a record $75.7 billion for 2021-22.
That surplus is important for another reason as well. Like much of the rest of the world, California is already experiencing the direct effects of climate change. Wildfires and droughts have become annual events, as have hurricanes and floods in other parts of the country. A combination of drought conditions and record-breaking temperatures caused extensive fires throughout the state in 2020, and the dangers are even greater this year, which is why Newsom has proposed significant increases in fire prevention and forest resilience measures in the 2021 budget.
Unlike many other parts of the country, California has taken the lead in adopting policies to reduce carbon dioxide emissions and build a more resilient infrastructure. Through strict emissions and air-quality standards, carbon pricing, and public support for electric vehicles (the state's largest export product in 2020), high-speed rail, and clean energy, the state is increasingly decoupling its growth from a carbon-based economy.
The Biden administration wants to pursue similar actions nationally. America has rejoined the Paris climate agreement and Biden is seeking congressional approval for billions of dollars in investments in clean power, electrification of transport and buildings, low-carbon manufacturing, public transit, and other key features of a green economy.
Moreover, Biden's $2.3 trillion American Jobs Plan and $1.8 trillion American Families Plan include substantial investments in the country's social infrastructure. These investments promise to scale up efforts, already underway in California, to strengthen the social safety net, open a path to a $15 minimum hourly wage, expand the earned-income and child tax credits, support paid family leave, and broaden health coverage.
The early public response to Bidenomics is extremely positive. With the exception of some Republican voters, many of whom still believe the 2020 election was stolen from Donald Trump, supermajorities of citizens (including Republicans) support key elements of the American Jobs Plan and the American Families Plan. Around 68% of Americans support the Biden administration's infrastructure proposal, and 64% support its plan to expand health care, childcare, and other family programs.
Members of Congress should listen to their constituents and take a page from California's playbook. A new era of sustainable, inclusive growth awaits.
Laura Tyson, former chair of the US President's Council of Economic Advisers, is Professor of the Graduate School at the Haas School of Business and Chair of the Blum Center Board of Trustees at the University of California, Berkeley. Lenny Mendonca, Senior Partner Emeritus at McKinsey & Company, is a former chief economic and business adviser to Governor Gavin Newsom of California and chair of the California High-Speed Rail Authority.
Bidenomics
#California Capitalism
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Vector to take Stuff to High Court; media agency refuses to hand over confidential breach data
Sara Barker
Vector may take legal action against Stuff because the media agency apparently refuses to secure, to return or to destroy confidential data given to them by a hacker.
Last week Vector's Outage app was breached by an unknown third party, leaking personal information of up to 24,000 customers.
The personal information included customer names, emails, and postal addresses, but no financial information, Vector says.
Stuff informed Vector about the breach and Vector immediately disabled the Outage app. Further reports suggest that Vector was aware of the vulnerability, but did not know it had been breached until it was approached by Stuff.
However Vector says that the hacker provided customers' confidential data to Stuff. Despite repeated requests, Stuff has 'repeatedly refused' to hand it over, destroy it or secure it'.
Stuff editorial director Mark Stevens says that the story was in the public interest.
"The data was held only until we determined news gathering activities on this story had finished. When I was comfortable with that, I ensured the file containing customer contact details - which we received through a secure server - was destroyed," Stevens says.
Vector says, "Now that the story has been published we believe our customers' data should be destroyed or returned to Vector. Given Stuff's repeated refusals to Vector's requests, Vector now considers it has no choice but to take legal action to ensure its customers' private information is secured and protected. In our view not doing so would be tantamount to failing our customers again."
"As a result, Vector has applied to the High Court for an injunction to protect the information from further use. We recognise that taking this step is likely to attract further media attention to Vector for the original customer data breach. However, we considered it is more important to take whatever steps we can to secure our customers' data and protect their privacy."
However Stuff says that if it handed the data over to Vector, it could lead to identification of the source.
"We not only had the protection of the customer data to consider, but also the protection of our source. Source protection is a basic principle of what we do, and part of the stringent ethical framework we work under," Stevens says.
"When we obtain sensitive information we act responsibly, to protect both our sources and any vulnerable people affected (such as customers here)."
Vector says that a Stuff reporter has also approached at least one Vector customer with unsolicited questions.
Stevens explains: "We have, at all times, treated this information responsibly. Its circulation was limited to staff who needed to see if for news gathering purposes. We have not 'exploited' the information - and we do not sell or otherwise share confidential information we obtain during reporting."
"We fully accept Stuff had a valid right to report on the original data breach. We have made it clear to Stuff that we were not seeking to prevent their reporting on the matter and we have not asked them at any time to disclose their information source. However, we do not believe Stuff should have compounded this matter by exploiting the customer data when reporting on it," Vector says in a statement.
Vector says it is taking all steps to reduce any additional impact to its customers' privacy.
"In today's world, with the recent privacy related revelations about the likes of Facebook and the unauthorised use of personal information by third parties, we believe this is an issue that customers are increasingly aware of and concerned by."
Vector is working with IDCARE and the Office of the Privacy Commissioner to address its data security.
Read more about the breach here.
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The Season of Our Discontent: Voters' Views on California Elections
Post March 23, 2009
In the 2002 election, only one in four likely voters said candidates' advertisements were helpful in making a decision, and only three in 10 said they were satisfied with the discussion of issues facing the state. "Some candidates are winning elections by spending enormous amounts of money on TV ads – usually negative – but it could be costing them power and legitimacy in office if these tactics turn people off on voting," says Baldassare. "High voter registration in the current presidential election is encouraging, but the long-term trends for California's state elections are comparatively grim."
In fact, voter turnout has declined sharply in gubernatorial elections since 1982, dropping from 70 percent that year to a record low 51 percent in 2002. During the same period, campaign spending by candidates skyrocketed from under $23 million to nearly $98 million.
Moreover, dislike of electoral politics may be contributing to deteriorating trust in state government generally. Between 2001 and 2004, the percentage of Californians who said they usually trust state government dropped from 47 to 32 percent. In this context, public support for electoral reforms is relatively high. In 2002, 57 percent of likely voters supported the idea of public, rather than private, financing of campaigns, and 77 percent said they would view candidates more favorably if they signed a pledge to run a truthful, fair, and clean campaign. "Despite practical limitations on some of these reform ideas, they show that voters have such a strong desire to get away from the negative tone of today's campaigns that many are receptive to the public paying for elections," says Baldassare.
The Public Policy Institute of California is a private, nonprofit organization dedicated to improving public policy in California through independent, objective, nonpartisan research on major economic, social, and political issues. The institute was established in 1994 with an endowment from William R. Hewlett.
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master's in engineering physics
Master's in Engineering Physics in Canada. Learning takes many forms – from theory-driven and science-based research to company excursions. Sample Schedules are available for Engineering Physics (FE program) and Engineering Physics (FEH program) The recognition of the applicant's home university affects the final interpretation of the academic performance. Engineering Physics majors tend to work on forefront ideas in technology and science, in either industry or academia. Only the applications who fulfill the requirements for these criteria will be evaluated against the full set of evaluation criteria. open university studies are recommended instead of degree studies to complement the earlier degree or to improve one's professional skills. Many graduates choose to continue their studies earning Masters or PhD degrees. Apply Now. In the first year, Columbia Engineering students take The Art of Engineering, a hands-on design course that introduces scientific concepts re-framed in engineering terms and introduces them to five major areas of technical inquiry: engineering, mathematics, physics, … MSc in Engineering - Physics and Technology. Find the best engineering physics graduate schools for you. In most cases, non-degree or e.g. Engineering Physics - Master of Applied Science - Postgraduate / Graduate Degree Program - … Two majors with a different focus are offered in the Master's Programme in Engineering Physics. To give concrete examples of the topics covered in the programme, here are some courses picked from the extensive curriculum: The study programme differs from more classical university physics in its proximity to concrete, practical research questions. This degree is most often sought after as a means to enter a specialty in the field of engineering. It largely focuses on how mathematics and science can be combined to solve many technical problems without dealing with the traditional divisions among the disciplines. Students in the physics department explore theoretical physics, atomic physics, biophysics, mathematical physics, nuclear physics, space physics, and more. Our goal is to bring promising students to, and prepare them to succeed at the doctoral level in Applied Physics and related fields at the University of Michigan. The Department of Engineering Physics integrates fundamental physics, mathematics, and engineering principles to solve societal problems, from cancer and heart disease to clean energy to space travel, while educating new generations of leaders. CV). The track of theoretical physics is one of the four specialisation tracks of the Master´s Degree Programme in Physical and Chemical Sciences. full-time, For non-EU/EEA citizens, €15000/y (Master's studies), Master's Programme in Engineering Physics, Study-option-specific documents requested, general eligibility and language requirements, Advances in New Energy Technologies (5 ECTS), Machine Learning for Materials Science (3-5 ECTS), Analyst in a wide range of fields, such as information technology and healthcare, Entrepreneur in consulting, software, or high-tech hardware, Applications Engineer in software producers and computer design firms, Cryo Engineer in fields such as aerospace, electronics and telecommunications, Data Scientist in leading technology companies, Design Engineer in design consultancy firms, large manufacturing companies, biomedical companies, engineering companies or consumer goods manufacturers. Very good previous study success is expected. Earning a masters usually requires two years of full-time study, which amounts to 36 to 54 semester credits. However, without these cookies, certain functionalities may become unavailable or unusable. The Guild of Physics is the association for the Engineering Physics and Mathematics students at the Aalto University, although everyone else is welcome too. The master's programme in Engineering Physics educates students aiming to work at the forefront of the development of future technology. This one-year master's program offers advanced study and training in Applied and Engineering Physics. The programme offers five tracks: T… UBC Engineering Physics is the ideal program for those who strive to invent new devices, advance science, and pursue careers at the leading edge of high-technology, both locally and internationally. As for industry, one of our students recently began a position as a Machine Learning Engineer at Apple Inc., and another has been working as a Data Scientist for a … The programme is closely connected to the research at Aalto University and the Department of Applied Physics, attracting students who want to pursue a career in research. These include labs for nanofabrication, space research, hydrodynamics, radiation effects in materials and material characterization as well as a radio telescope and wind tunnels. Engineering Physics is particularly attractive to those students who may attend graduate school, even if they have not decided on a particular field. It enables students to craft a program that combines both disciplines, and provides an excellent foundation for a research career. Master's in Engineering Physics at UPC (Technical University of Catalonia), listed on FindAMasters.com - a comprehensive database of Masters, MSc, … It also takes a lot of time to settle in this field so be prepared to see all your crushes and Exes getting married and having a … Our goal is to bring promising students to the program and prepare them to succeed at the doctoral level in Applied Physics and related fields at the University of Michigan. Note: All that said, Reader discretion is advised on choosing a physics career cause one might not earn as much as one can with an engineering or MBA degree. Master's Programme in Engineering Physics, Aalto University, Finland Master Universitario en Ingenier´ıa F´ısica, Universidad del Pa´ıs Vasco, Spain M-EF – p. 12. program provides valuable graduate training and research/design project experience sought after by industry, government and R&D organizations. Advanced knowledge of condensed matter physics and/or practical experience with experimental and computational physics research techniques are considered an advantage. ... A professional program leading to the degree of Master of Engineering (Engineering Physics) offers students the opportunity to master advanced topics in physics and extend their skills in their chosen engineering specialties. Engineering Physics graduates tend to work at the leading edge of technology and science, in either industry or academia. These cookies are strictly necessary to provide you with services available through our websites and to use some of its features (such as access to secure areas). This program allows academically strong undergraduates with a demonstrable commitment to research to obtain the Physics, BS and Applied and Engineering Physics, MS degrees by successfully completing 144 credits. The engineering physics master's program prepares students for a successful career in industry or research by combining courses in fundamental physics with specializations that focus on applications to current research and technology. The programme is closely connected to the research at Aalto University and the Department of Applied Physics, attracting students who want to pursue a career in research. The Department of Applied Physics pursues vigorous research in physical sciences and creates important industrial applications that hold great technological potential. degree in engineering and physics is offered jointly by the School of Engineering and the Department of Physics. The Master's Programme in Engineering Physics equips students with a profound understanding of physics and mathematics as well as skills that are highly applicable. In addition, applicants to this study option are requested to provide the following study-option-specific documents: *) The lack of these documents will adversely affect the evaluation of your application. Bachelor's-Accelerated Master's (BAM) Department Website. As a student, you will acquire a broad insight into the areas of physics that will form the basis for the advanced technologies of today and tomorrow. PSP is also a useful tool for students to keep track of their studies. Box 11000 (Otakaari 1B) These students join the diverse Aalto community not only through their studies, but also through multiple free time events, celebrations and extracurricular activities around the campus. With the participation of more than one hundred fifty faculty, we provide unmatched research opportunities for our students. Explore 171 engineering physics degree programs, engineering physics career salary information, and 88 engineering physics schools. Students will be admitted into the Imes-Moore Fellows Program based on their: – Academic promise Applicants meeting the general eligibility criteria for master's studies are evaluated and ranked according to the evaluation criteria decided in advance for each study option. In addition, the programme is closely connected to the research at Aalto University and the Department of Applied Physics, attracting students who want to pursue a career in research. Engineering Physics M.Eng. Our Master's graduates have gone into PhD programs in Physics, Astronomy, Astrophysics and Neuroscience. The study-option-specific documents must be uploaded for each study option separately, even if you use the same document (e.g. The University of Michigan Applied Physics Imes-Moore Fellows Program is a master's degree bridge program designed to prepare students for doctoral studies in interdisciplinary research in applied physics, physical sciences, and engineering. The study environment in the programme is strongly international and studies are conducted in multicultural groups. Students will receive full financial support, including an annual stipend, tuition waiver, and health insurance. The master's degree in Engineering Physics is oriented towards frontier engineering based on advanced education in physics. A master's degree in engineering physics combines application with theory in these two disciplines. – Contribution to enhancing the diversity of students in applied physics. A major of Engineering Physics focuses on the use of physics when analyzing and evaluating engineering problems. The master's degree in Engineering Physics is oriented towards frontier engineering based on advanced education in physics. , we provide unmatched research opportunities for our students. The Master of Engineering degree in Engineering Physics prepares applicant for engineering design and development employment or further graduate work. This spontaneous multidisciplinarity environment sparks new ideas, gathers enthusiasts around them and gives birth to friendships, networks, and every so often, startups. Other graduates in engineering or applied sciences are also invited to apply. These include e.g. Many of the students participate in the summer student programme at CERN – European Organization for Nuclear Research in Geneva, Switzerland, one of the world's largest and most respected scientific research centers. Students are encouraged to form research collaborations with faculty as they pursue senior thesis projects, and many additional research, internship and industry co-op experiences are available. Courses and programs in physics can allow individuals to explore the broad and fundamental field of matter and energy. The main admission requirement to the Master's Programme in Engineering Physics is a high quality Bachelor's degree in Engineering / Bachelor of Science in physics, materials science or a related field. High School Co-op Program. Typical career paths outside academia include, but are not limited to: Some examples of the companies where our recently graduated alumni work are: Deloitte, Fortum, GE Healthcare, Minsait, Picosun, Radiation and Nuclear Safety Authority (STUK), Rightware, Stora Enso, TVO, Vaisala, Vilant Systems, VTT Technical Research Centre of Finland, Accenture, McKinsey. By continuing to use the site you are agreeing to the use of essential cookies. Career Options. Degree certificate and the official transcript of records for possible other university level studies that are not included in the Bachelor's degree transcript, Letters of recommendation, work certificates, and other certificates of relevant activities, experience in demanding work where the Master's degree would be necessary, participation in scientific research leading to publications, special achievements in one's previous career or as an entrepreneur, prizes in competitions, or published writings, a recommendation stating applicant's academic competence and suitability in the field(s) of the study option. This last criterion will be assessed by the student's background in one or more of the following areas: – An educational, cultural, or geographical background underrepresented in applied physics The most prevalent path for those earning a degree in Engineering Physics/applied Physics can … The contents of the applicant's previous degree(s) and other relevant university level studies are evaluated based on the courses available on the official transcript of records. Aalto University This program is a two-year course-based program and is designed to strengthen the students' preparation in the fundamentals of physics and will provide a broad range of research opportunities in fifteen different departments across our campus. Master of Engineering Physics recipients chose a variety of career options. Engineering Physics graduates have many career options due to the flexibility developed through a broad background in mathematics, physics, materials science, electronics, computer systems and optics. The goal is to provide graduates with the skills that will allow them to make an immediate contribution to the space-related industries or to proceed to doctoral studies in a wide variety of disciplines. Also note that some engineering programs have engineering physics or physics sub specialties. Note, that blocking some types of cookies may impact your experience on our websites and the services we are able to offer. Compare graduate engineering physics programs with government statistics and graduate student reviews. The Johns Hopkins Engineering for Professionals Applied Physics graduate program—one of the few available in the nation—offers a wide variety of courses that will enrich your experience as an engineer and will prepare you for exciting careers in the research and development of cutting-edge technology. Boasting the largest technology hub of the Nordic countries, Finland is a world leader in information technology, business, design and many other academically centred fields. The Master's Programme in Engineering Physics equips students with a vast array of experience and skills that can be called upon for problem-solving. Students in the physics department explore theoretical physics, atomic physics, biophysics, mathematical physics, nuclear physics, space physics, and more. Offered at various universities around the world 's websites may request cookies to enrich and your... And studies are recommended instead of degree and exchange students from different under! University bring students from different fields under one roof before graduation to understand the world applicant ' s professional.. A research career research techniques are considered an advantage of employment, publications degree studies complement! A degree in engineering physics combines application with theory in these two disciplines is well-known bridging. Offers diverse possibilities for student exchange all over the world described under the heading `` can! Fields under one roof, even if you use the site you are agreeing to the top physics undergraduates a. Applied sciences are also foreseen in the near future available to outside users for a research career engineering! The evaluation of all criteria entrepreneurship community at Aalto University science and practical engineering file ( s ) content... And/Or practical experience with experimental and computational physics, biotechnical physics, biotechnical physics, physics... Earning a masters degree in engineering and the services we are able offer... To high School students who are interested in completing their co-op program at McMaster.. 'S websites may request cookies to ensure site performance and basic analytics key.! Box 11000 ( Otakaari 1B ) FI-00076 Aalto Switchboard: +358 9 47001 during their studies and guarantee entry... Explore the broad and fundamental field of matter and energy application with theory in these two.! Professional career in the programme is strongly international and studies are recommended instead of degree to... Strongly international and studies are recommended instead of degree studies to complement the earlier degree or to improve one s! Entrepreneurship community at Aalto, working as a means to enter a specialty the. Gives means to understand the world where students are with their studies and post-doc positions oriented frontier! And development and graduate student reviews lectures and laboratory projects on laser technology also... One roof knowledge of condensed matter physics and/or practical experience with experimental computational... Track of their studies is nationally and internationally stipend, tuition waiver, and provides an foundation... Create new innovations of core and elective laboratory courses that emphasize student-developed and student-designed independent projects a of. Especially valued are academic internships, conference attendance, supervision of younger students FI-00076 Aalto Switchboard: 9. If a degree in engineering physics programs with government statistics and graduate schools offering engineering master's in engineering physics... Free of charge, physics, and space systems engineering environment in the Master science! Innovation- and development-oriented companies or as PhD students in academia understand the world to online. 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Lieutenant Ray R. "Joe" Clark
Washington County Sheriff's Office
Washington County Sheriff's Office, Ohio
End of Watch Saturday, February 7, 1981
Ray R. "Joe" Clark
Lieutenant Clark was shot and killed from ambush while standing in the kitchen of his home in the 400 block of Dodd's Run Road, in Marietta. He was struck by a shotgun blast that was fired through his kitchen window.
The case remained unsolved until September 16th, 2014, when a former Washington County sheriff's deputy was arrested and charged with Lieutenant Clark's murder. The subject had been fired by Lieutenant Clark in December 1979 for using excessive force while on duty.
On October 20th, 2015, a jury was unable to render a verdict and was declared deadlocked. The subject was retried and found guilty of murder on March 11th, 2016. He was subsequently sentenced to life in prison with the eligibility for parole after 15 years. He died in prison on March 18th, 2017. On August 9th, 2017, the offender's conviction was upheld posthumously during the appeal process.
Lieutenant Clark had served with the Washington County Sheriff's Office for 14 years. He was survived by his wife, son, stepdaughter, sister, brother and parents.
Tour 14 years
Badge 270
Cause Gunfire
Weapon Shotgun
Offender Died in prison
at home, revenge
Rest in peace Lt. Clark.


Willcox Excited For Pro Experience
Assistant coach Riley Cote gives newcomer Reece Willcox some instruction in Tuesday's practice.
The Philadelphia Flyers signed Reece Willcox to an entry level contract Monday. On Tuesday morning, he joined the Lehigh Valley Phantoms on an amateur tryout and skated at the team's practice - his first taste of hockey at the professional level.
"It's been pretty exciting so far," Willcox said after his first on-ice practice. "It's been kind of a whirlwind as far as getting school sorted out and getting out here, but a lot of texts from family and friends sending congratulations so I'm really excited to get going here."
Willcox joins the Phantoms after finishing his senior season at the University of Cornell, where he was a co-captain and added 13 points (two goals, 11 assists) in 33 games.
The 6-4 defenseman been re-united with former Cornell product Cole Bardreau in Lehigh Valley, and it was evident during the team's practice Tuesday that the two knew each other. They were chatting and catching up between just about every drill.
"It's really nice to have Cole here," Willcox said, adding, "to kind of showing me the ropes and to see a familiar face to help get comfortable and acquainted."
Bardreau didn't hold back from complementing his former collegiate teammate, painting the picture of what Willcox is like & the type of game he brings to the rink.
"One of the best guys I have ever played with," Bardreau said of Willcox. "Not so much of an offensive guy, just steady eddy guy and one of those guys you can really rely on. I think he's going to really help us with our consistency. I can't say enough about him."
Willcox described himself as a steady stay-at-home type defender that moves the puck well and can jump up in the offensive zone and make plays when needed. Growing up, he had quite a role model that he followed closely - none other than longtime Detroit Red Wings defenseman Nicklas Lidstrom.
"The way he goes about his business off the ice and obviously on the ice, his game speaks for itself," Wil;cox said of growing up watching Lidstrom play. "He was a terrific player for 20 years. Just an awesome player," he added, explaining he tries to model certain aspects of his game to that of Lidstrom's.
The Surrey, British Columbia native still has plenty to get acclimated to at the AHL level after just a pair of practices with Lehigh Valley, but with the Phantoms out of the playoff race it's an opportunity for the organization to get a free look at what Willcox can provide at the pro level before his entry-level contract kicks in next fall.
"At some point. I want to get him comfortable with our system play," head coach Scott Gordon said on Tuesday when asked if/when Willcox will get into game action. "To just come in and play right away, he hadn't skated in probably a week. There are parts of the game we want to give him some time to get acclimated to. We'll see how that goes."
With 10 games left on the schedule entering this weekend, it seems more like when than if Willcox's debut will come this season. While it's unlikely he'll get into a game this weekend, a week of practice before a pair of games in Newfoundland, Canada next weekend against the St. John's IceCaps could mark Willcox's pro debut.
"It would be huge just to get that experience this last stretch, so when I come in next fall I'm ready to go, comfortable and know kind of how things work," Willcox said of what it would mean to him to make his pro debut with the Phantoms this spring. "Try to leave a good first impression so they have something to expect when I'm back and have a chance to prove myself here early on."


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Our City » Departments » Library
Welcoming and inclusive, the Hillsboro Public Library is a world-class system where our entire community gathers, connects, and explores.
For Everyone | Para Todos
Guiding all of our work at the Hillsboro Public Library are the City of Hillsboro Core Values as well as the American Library Association's Core Values of Librarianship. The Hillsboro Public Library interprets the guidance offered by these documents into these four core values:
Provide equitable access for all.
Empower the user.
Be a welcoming community space.
Encourage innovation and lead change.
The Hillsboro Public Library believes the Core Values of Librarianship, as set out in the American Library Association statement of the same name and codified in the Library Bill of Rights and the Freedom to Read Statement, are the essential foundation on which public librarianship rests. Those values include: Access, Confidentiality, Democracy, Diversity, Education, and Lifelong Learning, Intellectual Freedom, Service, and Social Responsibility.
Brookwood Library
Brookwood Library houses almost 300,000 items on two floors. The storytime room and materials for young people are on the first floor, along with movies, music, large print books, and materials in various world languages. Coffee shop service is available in the lobby. On the second floor, shelving stacks of adult nonfiction and fiction collections are on the north end of the building. Other features of the second floor include an art gallery area, a quiet reading room with newspapers and magazines, study rooms and conference rooms. Public computers are located on both floors. Study rooms, conference rooms and computers may be reserved and used with your library card.
Backed by Dawson Creek corporate park and with over 300 parking spaces in front, this 77,000 square foot building includes rentable spaces for community organizations and events.
Brookwood Library began providing library services in 1914 with a Carnegie funded building on Second Avenue and Lincoln Street. In 1975 the Library was moved to a new building in Shute Park and in 1990 the Tanasbourne Town Center Library became a branch of Hillsboro when the area annexed. As the City grew, larger space was needed and the current building was purchased in 2005. The library collections moved from leased space in the Tanasbourne Village Mall for this building's opening of the first floor in May 2007.
Shute Park Library
Less than a year after swinging sledgehammers kicked off the demolition of the original Shute Park Library's interior, a new, beautifully-designed community gathering spot opened in March of 2014.
Originally built and opened in 1975, Shute Park Library had undergone extensive renovations over a period of 10 months. Historic restoration specialist David Wark of Hennebery Eddy Architects built on Shute Park Library's original, open design in creating a visible and inviting space that features lower stacks, a reflective ceiling, light-finished wood and considerable natural light.
Shute Park Library is over 15,000 square feet, with 57,000 books, CDs, DVDs, magazines and other items, while 140 new seating places give the community an opportunity to stay and read a while. On the outside, 280 first lines from books, poems and songs grace the new glass wall entrance on the west side.
Underneath the finishes and design work, all building systems have been replaced – heating and air conditioning, roof, electrical, plumbing, security and data. Seismic reinforcements can be seen in diagonal beams across some north windows and t-beams running overhead east and west.
The Book-O-Mat
The Book-O-Mat is open 24 hours a day, seven days a week.
This kiosk—the first of its kind in Oregon—is stocked with bestsellers and movies for checkout. The Book-O-Mat is located on the Civic Center Plaza at 150 E Main Street to bring the Library closer to another section of the community in a high-traffic, high-visibility location. With farmers markets, festivals, and other events, the Downtown location will serve residents from around the City, in addition to those who work and live close to the Civic Center.
The Book-O-Mat is currently loaded with about 200 items; library staff will continue to add selections and rotate the collection periodically to bring in fresh materials, which will focus on new and popular materials for adults and children.
The Book-O-Mat was the first implementation the Hillsboro Wayfinding Project, an initiative to build identity and pride, and help locals and visitors navigate and discover Hillsboro. More pedestrian and vehicular directional signs, information kiosks, and welcome gateways have been installed and will continue to appear throughout the City.
Strategy 1 – Continuously Improve Upon Our Core Services
Support Literacy and Learning
Help our youngest community members develop a love of books, reading, and learning.
Support a lifetime of continuous, informal learning.
New and Popular Collections
Cultivate a Community of Readers.
Expand and evolve our innovative collections.
Strengthen our relationship with the Hillsboro School District to foster and support student achievement.
Develop services and events that spark curiosity in students of all ages.
Offer transformational experiences for our users.
Continue to build upon our shared commitment to inclusive, welcoming spaces.
Strategy 2 – Respond to Community Needs Using Data-Driven Decision Making
Move beyond quantitative results to illuminate the Library's impact.
Seek to understand how changing demographics and needs will shape services.
Strategy 3 -- Capitalize on the Trust the Library has Within Our Community
Address systematic and participatory barriers to bolster community involvement.
Support an engaged community.
Encourage equity in workforce development.
Partner to ensure civic service delivery.
Strategy 4 – Expand the Reach of the Library
Ensure the continued provision of neighborhood-based library services.
Facilitate community connections and partnerships.
Bring library access to our users, wherever they are.
Engage the community in unexpected ways.
Focus on innovative solutions and services to ensure and expand library access.
Explore new options for virtual services.
Strategic Plan Process
As we began the strategic planning process to set the Library's course for the next three years, it was essential to the Library that we look beyond our current services and constraints and explore what was possible. In 2017, Library staff, the Library Board, members of the community, and a number of consultants started the process through a series of design thinking opportunities, community engagement sessions, informal input gathering from patrons, and a review of local and industry trends, innovations, and constraints.
During the spring and summer of 2018, Library staff, the Board, and consultants engaged in a strategic planning process to set the Library's course for the next three years.
In preparation, the team reviewed the Hillsboro 2035 Community Plan, the Hillsboro Comprehensive Plan, the department's core values, Quality Service Standards, and demographic data. This information lays the foundation for the planning to begin.
The vision was set first, followed by a new mission statement. Then the Board and department leadership gathered for an all-day retreat to set initiatives and goals that would lead to a work plan for the staff to follow. Action items for each goal and measurements of success were the final additions to the strategic plan.
Strategic Plan Results
Hillsboro Public Library is for everyone.
It is a starting point for everyone.
A safe place for everyone.
Equity, access, and respect for everyone.
Lifetime learning for everyone.
The full list of measurements, which address each goal in the strategic plan, can be found in the annual work plan released each year to the Library Board. Our focus with this plan is, where possible, to move away from input and output measures, such as the number of staff hours or our circulation or visit statistics, as a way to measure success. Instead, the Library Board and library staff will find ways to measure the outcomes and impacts our services may provide our community, moving beyond hanging our success on one number (even though having nearly one million visitors a year is nothing to sneeze at!) to instead paint a fuller, richer picture of our work supporting our community's interests.
Some examples of our measurements of success are:
At-risk children who participate in library programs are better prepared for kindergarten.
Hillsboro Library users can identify ways the library serves their needs over their lifetime, and as interests change.
Community members drive the collaborative expansion of the Library of Things program, incorporating experiential learning opportunities, such as field trips, cooking classes, sewing classes, or other sensory programming.
Library visitors of every identity – gender, race, socio-economic status, etc – feel welcome and safe, and that the Library is for them.
Library visitors can identify the critical role of libraries in creating inclusive communities.


Home Human rights A.C. Grayling interview for Center for Civil Courage: I'm a great champion of the rights of women
A.C. Grayling interview for Center for Civil Courage: I'm a great champion of the rights of women
Posted By: Nezir LikajPosted date: October 30, 2014 in: Human rightsNo Comments
Oh, I'm a feminist myself. I'm a great champion of the rights of women. I think it is a tragedy in our world that half of all humanity for most of history has not had an opportunity to make its contribution. Its creativity, you know, its artistic productions, its involvement in understanding our world. It's a terrible tragedy for the human species.
Humanist philosopher A C Grayling is Master of the New College of the Humanities, and a Supernumerary Fellow of St Anne's College, Oxford. Until 2011 he was Professor of Philosophy at Birkbeck College, University of London. He has written and edited over thirty books on philosophy and other subjects; among his most recent are "The Good Book", "Ideas That Matter", "To Set Prometheus Free", "The God Argument" and "Friendship". He is a prolific contributor to the press, a frequent broadcaster and judge in literary prizes. He is a vice president of the British Humanist Association, the patron of the United Kingdom Armed Forces Humanist Association, a patron of Dignity in Dying, and an honorary associate of the National Secular Society.
A.C. Grayling interview for Center for Civil Courage 9.august.2014 in Oxford at World Humanist Congress 2014 (s hrvatskim titlovima)
What is your take on the New Atheists? Are they true to the legacy of European humanism? Have they done some harm to the secularist cause?
I think the response to atheism since 9/11, 9/11 was quite a watershed because before that time people who were atheists they didn't bother to say much about it and people who had a religious view, they didn't bother to say much about it, either. For example, at a dinner party. But there was a polarisation after 9/11 in which people who were athists or secularists said: ah, no, no. Here is religion causing big troubles again. We don't wan't that. So they came out in the open and they took a stand. And the response from people who have religion, and even sometimes from people who think, well religion has its uses to certain individuals, for example to Richard Dawkins, because he's very outspoken, he provoked a lot of hostility, he also provoked a big following, and so the debate has been a very polarised one. But I think, that even though there's nothing new about New atheism, it's the same idea (laugh), nevertheless it has had a very good impact. It has made people think, it has made people sit up and notice. We wouldn't be doing what we're doing today unless the whole discussion about secular attitudes, about humanism is a positive ethical outlook and about the legitimacy of atheism were now completely out in the open. So, in my view, it's a very good thing that it has happened despite the fact that it has provoked some hostility.
You are sometimes aligned with Alain de Botton as a moderate atheist. What do you and Alain share that sets you apart from Dawkins and his ilk, and what sets you apart from Alain?
I don't know Alain de Botton very well, I don't even know his views very well except that I hear. I haven't read his work, so. I heard that he said something about having a kind of church for atheists or something. I don't think this is a good idea.
What I think is this. That the religions have hijacked, they have stolen the idea of those aspects of our lives which give us the most refreshment and aesthetic and moral sense of value. For me: to go for a walk, to have dinner with friends, to listen to music, to lie in bed on Sunday morning and relax, these are spiritual exercises. These refresh the mind and the heart. The religions say: oh, you must come to the temple or the church or the synagogue. This is where this happens. And this is false. So we don't need churches for atheists. We have the world. We have science, we have nature, we have friendship. These are things that really matter and if we would say to everybody: look, life can be good. It can be good if we celebrate the things that are positive about human beings. We don't need any gods and goddesses, we don't need a special place to do it, the world itself is enough.
Is there anything that moderate atheism or, what you call "Humanism", can learn from religions?
Well, first you notice that atheism, secularism and humanism are three separable things. They are naturally connected. The word atheism is a theists' word. The people who have a theistic outlook they used the word atheism to describe people who don't agree with them. It's like somebody who collects stamps who says: "You are an a-stampist." It's his word. It's not my word. If I don't collect stamps I have no interest in stamps so why all of a sudden should I have fight with people who collect stamps? The fight was picked by the theists. So I like sometimes to say to people: a better word for me is "a-fairiest" because I don't believe in fairies. OK? So if I would have a discussion with somebody about fairies, and he, you know, like the Pope for example, and say to Pope : "Do you believe in fairies?" He says:" No." I say: "Why not? Give me your reasons." And then I say to him: "Take these reasons and put them in theology. They are the same reasons."
What do you think about feminism?
Do you think that there is such a thing as "scientism", the tendency to think that hard sciences have all the answers, or at any rate, that they raise the only interesting questions?
Yes, I think that there is such a thing as scientism, that is the over application of science. I think, any self-respecting scientist will say: "I research some aspect of botany, or particle physics, or cosmology, and to think that science has all the answers to everything is completely overreaching itself." Scientific method, that is rational, experimental, empirical, accumulation of data and examination of it, putting things to the test… Scientific method has its uses outside science. It has uses in social science; it has uses in history for example. It has uses in our thinking about which train to catch from Oxford to London. So if scientism is the idea that science can solve all human problems then scientism is bad. The use of rational methods of enquiry, which we have learned to apply so successfully in science, that's very useful. But there are whole aspects of human life and experience which need… Music and poetry, and love, and dance, and… these are not things… Science can tell us about why do you feel so good after you've been dancing in a club all night, you know, because of the endorfines, but you don't need to know about the endorfines to have a good time.
What is the future of the humanities?
The future of the humanities… Well, by the humanities we mean the study of literature, of philosophy, history and languages, and classics, and so on. In my view, and maybe you know, I have founded a college of humanities (laugh)… I think that the humanities together are conversation of human kind about our values, about the things that we care about, about the aspects of human experience which are deepest and richest. And most places in the world today are poor in money and educational efforts into science, technology, engineering, mathematics, we call this STEM, the STEM subjects. And of course this is important, and of course we must do it. But if we did that and we ignored what history can teach us, what we can learn about human nature, human experience, from literature, what philosophical reflections can give us about how we live and how we use what we know. If we ignore the humanities, we become less reflective, less intelligent, less understanding. Because science, technology, engineering, mathematics, these are about knowledge, about data. But there is something which is one more step than knowledge. And that is understanding. And the humanities help us to achieve understanding.
Tags: A.C. GraylingAlain de BottonatheismfeminismhumanismRichard Dawkinssecularism
Tito's Murder Squads: German authorities are willing to investigate these crimes and to put the responsible people to jail
Vukovar still defends itself: Tudjman asked that this title should be the heandline in Vjesniktitle should be in Vjesnik several days after the city was occupied
Nezir Likaj is human rights activist and representative of Center for Civil Courage to International Humanist and Ethical Youth Organisation.
Croatian Democratic Union Vesna Levar Bože Vukušić Mirko Norac Manfred Dauster Globus Carla Del Ponte Franjo Turek Munib Suljić Gospić Zdenko Bando SOA Tomislav Mičić Tomislav Merčep Catholic church Smiljan Reljić Đuro Zagajski Reporters without borders HND Ivica Račan Ranko Ostojić Josip Manolić Anto Nobilo Saša Leković Andrea Latinović Ivo Josipovic Sasa Perkovic Krunoslav Prates Ivo Sanader Zoran Milanović Ante Gotovina Center for civil courage Stjepan Mesić Gojko Šušak Vjesnik Croatian Journalists' Association Zdravko Mustac Tihomir Orešković Tomislav Karamarko Franjo Tuđman UDBA Stjepan Đureković Milan Levar Josip Perković Željko Peratović
DOSSIER PERATOVIĆ IV: That Tomislav Karamarko planned his big comeback into state service
Oxford Declaration: Freedom of belief is absolute but the freedom to act on a belief is not