Most influential women in Tampa Bay sports: Stella Thayer (FL, '95), Tampa Bay Downs

Tampa Bay Downs has always played a pivotal role for women in a male-dominated industry. 

In 1981, Julie Krone, then an apprentice jockey, won her first race at the Oldsmar track. She finished her career with 3,704 victories — the most of any female jockey — and was the first woman inducted into the National Museum of Racing and Hall of Fame.

But the most influential woman at Tampa Bay Downs has been Stella Thayer (FL, '95), who has been involved with the track for more than 50 years.

Her love of horses began much earlier. She started riding when she was 5. Her father, Chester Ferguson, was part of an ownership group that acquired Tampa Bay Downs in 1965 (it was then called Florida Downs and Turf Club).

When Thayer purchased the track for $16.5 million in 1986, she outbid former New York Yankees owner and Tampa icon George Steinbrenner.

Soon after, Thayer named controller Lorraine M. King as Tampa Bay Downs' general manager. It marked the first time in turf history a thoroughbred track had separate female ownership and management.

Thayer has been a pioneer for bay area women in the business world, too. She was the first woman to preside over the Tampa Chamber of Commerce and has served on a number of boards.

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Vituro Health, physicians partner to provide latest in prostate cancer care

 Vituro Health, a comprehensive prostate care provider that empowers men during all stages of life, has partnered with five practices in the Washington metropolitan area to offer the latest in prostate management services, including minimally invasive high intensity focused ultrasound (HIFU) therapy and advanced diagnostics.

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"This new partnership, which brings together some of the top urologists in this region, contributes to our ongoing efforts to bring the best in prostate cancer care to the one in seven men who will face this disease," said Clete Walker (AL, '11), CEO of Vituro Health.

Kevin Blumenthal, M.D., from Central Maryland Urology Associates, says partnering with Vituro Health was an easy decision to make.

"The ability to work with a leading HIFU expert such as Medical Director Stephen Scionti, M.D., was a no-brainer for me as I have been performing HIFU cases with him since 2010," Blumenthal said. "Clete has a vision of growing this company to encompass a broader men's health focus which is something that is currently missing in the marketplace."

Blumenthal is excited to bring HIFU to his local patients, as the minimally invasive procedure has the ability to offer fewer side effects and better maintain a patients' quality of life, as compared to other treatments.

Another new partner in the Washington metropolitan area, Arnold Willis, M.D., FICS, of the MidAtlantic Urology Associates, came across HIFU after becoming more interested in minimally invasive prostate cancer therapies.

"I tried brachytherapy and cryotherapy and now am part of the focal therapy movement," Willis said. "I turned to HIFU because it is a safe, very effective and minimally intrusive procedure for patients; HIFU takes care of the cancer, cures it and they are back on their feet quickly with very little side effects."

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Investing In US Equities: Valuations - Clouded by Uncertainties

Opinions about the attractiveness of US equity markets vary considerably. There is particular uncertainty about whether unconventional monetary policy has made the markets seem more appealing than they really are.

C.T. Fitzpatrick (AL, '09), CEO of Vulcan Value Partners, an asset manager based in Birmingham, Alabama, says loose monetary policy has had a significant impact. “Valuation metrics show the US equity markets are pretty overvalued but there is a view that valuation levels need to be adjusted for the historically low interest rates,” he says.

That would certainly support the stance of Connor Browne, a portfolio manager at Thornburg Investment Management, based in Santa Fe, New Mexico. “Overall we don’t think the US market looks too expensive to us,” he says. “The S&P 500 is trading at 15 times next year’s and 18 times this year’s earnings. Not low, but not crazy.” The Boston Company portfolio strategist, Michael Arends, agrees. “Taking earnings on a five-year or 10-year rolling basis, the S&P 500 is broadly in line with long-term averages but there are pockets of excess,” he says.

Fitzpatrick and other bears argue that record-low interest rates make US markets appear more overvalued than they are. “If you adjust discount rates for today’s levels, you might say markets are at fair value and you may even say they are slightly cheap. We don’t accept that. We take a very long view and we are using longer-term averages as inputs for our discount rates, which means we are not using the current levels of interest rates and we don’t think inflation is going to be as low as it currently is forever,” Fitzpatrick says. 

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How Texas could win big by the U.K.’s exit from the EU

Great Britain’s withdrawal from the European Union could put Texas in the international catbird seat. That’s the take of Peter Zeihan (TX, '15), a well-regarded economic and geopolitical analyst in Austin.

Three years from now, the 42-year-old principal of Zeihan on Geopolitics LLC expects us to be talking about the  United Kingdom joining the North American Free Trade Agreement.

 “The multinational supply chain that we have among Canada, Mexico and ourselves is phenomenal,” says Zeihan, who is known for mapping out, literally, geographic, demographic and economic consequences. “Add the United Kingdom, and you get another 60, 65 million people with one of the world’s most advanced industrial bases. From an economic and market point of view, it’s brilliant for us.”

By “us” he means the United States and the one with the Lone Star.

“This would be perfect for Texas,” says Zeihan, pointing out the state's epicenter  location. “Being able to integrate British, American, Canadian and Mexican supply chains all in one place? Texas can’t possibly lose.”

Unfortunately for D-FW, most of the U.K.’s exports are transported by ship, so Corpus Christi and Houston will be the biggest beneficiaries, he says.

But the U.K. ranks second behind the U.S. in petroleum engineering. “So you’re going to have a lot of Brits coming over to play in the American shale patch,” Zeihan says. D-FW, Midland and San Antonio are the likely key beneficiaries of this.

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GEORGIA Contract awarded to grade industrial site grading

Grading on potential industrial property on the northwest corner of Ga. 53 and Ga. 140 is expected to begin soon, said Al Hodge (GA, '10), president of the Greater Rome Chamber of Commerce. The Rome-Floyd County Development Authority and Development Authority of Floyd County, which own the property, approved a contract for the work Tuesday.

Brad Cole Construction of Carrollton will grade 68 acres of the 100-acre tract for $1,310,608. The highest of the nine bids was $7,468,491.10. Assistant Floyd County Manager Gary Burkhalter said the preliminary estimates for the work were between $700,000 and $900,000. Cole’s original bid figure was $1,496,608, but it was negotiated down.
The 2013 special purpose, local option sales tax package included funds that will pay to make the property pad ready for a potential industry. 

“We are working with active prospects, plural, on various sites in the community including the 100-acre site,” Hodge said. The contract calls for the project to be substantially completed within 300 days from the date the contractor gets the order to proceed.

Cambria Partnership Creates Innovative Digital Education Series

Cambria, the first and only family-owned, American-made natural quartz producer in North America, is launching a free online course, Dream. Plan. Do. - The Inspired Kitchen, led by popular TV host, trusted contractor, and savvy real estate investor Scott McGillivray. Dream. Plan. Do. - The Inspired Kitchen provides expert advice for homeowners to make smart investments that add beauty, unmatched quality, and lasting value in their homes.

McGillivray, along with Jane Lockhart, award-winning international, designer and TV host, will share professional advice and insights through nine comprehensive lessons focused on the key construction and design decisions during a kitchen project. Through the Dream. Plan. Do. course, homeowners will learn style and design concepts, the best way to use space, color tips and how to select high-quality materials while making smart investments.

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All course material is accessed through the digital education platform, TheBigKnow.com. The Big Know's interactive learning courses include videos, projects and discussion activities to make online learning more customized and engaging. With the ability to access lesson materials at any time, registrants can tailor the course to their individual pace and interests. The free online course is available at CambriaUSA.com/DreamPlanDo.

"Cambria has always led the industry with our commitment to unmatched innovation and beautiful designs inspired by nature," said Peter Martin, Cambria's Executive Vice President of Sales, Marketing & Business Partner Services. "We're excited to offer this course with our partners, Scott McGillivray and Jane Lockhart, as an innovative resource, leveraging the latest technology and digital education tools to inspire homeowners planning their dream kitchens."
"I've spent much of my career teaching my viewers and fans how to balance making beautiful design decisions with creating long-term value for their properties. The Dream. Plan. Do. course is a new way to make learning more accessible and fun," said Scott McGillivray. "After this course -- whether seeking inspiration, in the middle of renovating or building a brand new home -- homeowners will be able to make smart kitchen renovation and design decisions."

Mark Davis (MN, '03) - Chairman, Davis Family Holdings, Inc.
Marty Davis (MN, '04) - President & CEO, Cambria

Rodolfo Panisi (MN, '16) - President/CEO, Cambria USA
Jeff Hovanec (MN, '10) - Executive Vice President of Business Affairs, Cambria USA

Cushman & Wakefield Launch Asset Services Platform in China

Cushman & Wakefield, a global leader in commercial real estate services, announced today the successful launch of a new Asset Services platform with three service areas, namely Property Management, Facilities Management and the newly-established Asset Management. Greater China Asset Services will be led by Johnson Yip. Meanwhile, Allan Zhang will be appointed as Head of Asset Management, Greater China, leading the team to provide clients with new, larger-scale professional real estate services.

The creation of this new Asset Management platform is an important strategic action taken by Cushman & Wakefield in response to the ever-evolving needs of clients and the company’s business development. With an increasing number of developers switching to an “asset-light” model in the past two years, more and more commercial properties are being acquired by funds, generating demand for asset management services. The ongoing transformation of state-owned enterprises in China is also increasing the need for improved asset management and optimized asset allocation. To better align with market demand, the new Asset Management will provide life-cycle professional services for property assets to improve property rental income and maximize asset value. At present, the services are expected to focus on asset upgrading/remodeling/renovation, tenant mix optimization, operations & property management, and related areas.

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. In Greater China, the firm has a co-branded presence under the name of DTZ/Cushman & Wakefield and operates 20 offices in the region. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of US$5 billion across core services of agency leasing, asset services, capital markets, facility services, global occupier services, investment & asset management, project management, tenant representation and valuation & advisory.

SIBF member Doug Rothschild (FL, '14) currently serves as Executive Managing Director at Cushman & Wakefield.

2020 Leaders Forum Followup: New details on Elon Musk's mission to Mars

Ever since Elon Musk founded a start-up space company 14 years ago, the goal has always been the same: Establishing a colony on Mars. Now he’s finally beginning to reveal how he plans to get there.

Starting as soon as 2018, Musk’s SpaceX plans to fly an unmanned spacecraft to Mars. The unmanned flights would continue about every two years, timed for when Earth and Mars are closest in orbit, and, if everything goes according to plan, build toward the first human mission to Mars with the goal of landing in 2025, Musk has said.

But in an interview with The Post this week, Musk laid out additional details for the first time, equating the spirit of the missions with the settlement of the New World by the colonists who crossed the Atlantic Ocean centuries ago. And he acknowledged the immense difficulties of getting to a planet that is, on average, 140 million miles from Earth.

The months-long journey is sure to be “hard, risky, dangerous, difficult,” Musk said, but he was confident people would sign up to go because “just as with the establishment of the English colonies, there are people who love that. They want to be the pioneers.”

Before those pioneers board a rocket, though, Musk said the unmanned flights would carry science experiments and rovers to the planet. The equipment would be built either by SpaceX, or others. The early flights also would serve to better understand interplanetary navigation and allow the company to test its ability to safely land craft on Mars.

“Essentially what we’re saying is we’re establishing a cargo route to Mars,” he said. “It’s a regular cargo route. You can count on it. It’s going to happen every 26 months. Like a train leaving the station. And if scientists around the world know that they can count on that, and it’s going to be inexpensive, relatively speaking compared to anything in the past, then they will plan accordingly and come up with a lot of great experiments.”

The mission is all the more audacious in that SpaceX is a private company without the resources of a government agency. NASA has previously said it would provide “technical support” for the 2018 mission, though not financially, in exchange for what it said was “valuable, descent and landing data to NASA for our journey to Mars, while providing support to American industry.” NASA is planning its own manned Mars mission with the goal of landing in the 2030s. But some in Congress have indicated they are inclined to steer the agency back toward a moon mission first.

SpaceX's 2018 trip would use what the company calls its Dragon spacecraft boosted into space by Falcon Heavy, a massive rocket powered by 27 first-stage engines. When it flies for the first time later this year, it would become the “most powerful operational rocket in the world by a factor of two,” SpaceX says on its website. Falcon Heavy would have more than 5 million pounds of thrust at liftoff, or about the equivalent of 18 747 airplanes.

The rocket needs to be big. The Dragon spacecraft would become the largest object to land on the Martian surface “by a factor of 10,” Musk said. That would make it one of the most ambitious Martian landings ever attempted—and difficult. Of the 43 robotic missions to Mars, including flybys, attempted by four different countries, only 18 have been total successes. The latest, a NASA mission, delivered the unmanned Curiosity rover that is currently roaming the planet.

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Ben Rechter (TN, '91) receives Francis S. Guess Bridge to Equality Award

Civic leader Ben Rechter (TN, '91) received the Francis S. Guess Bridge to Equality Award Tuesday for his efforts to create equal opportunity in Nashville.

The Community Foundation of Middle Tennessee presented the award at a luncheon at the Music City Center, noting Rechter "exemplifies Guess’s spirit of leadership and commitment to equal opportunity," according to a prepared news release.

Rechter is president of Rogers Group Investments Inc., a board of directors member for the National Museum of African American Music, an emeritus board member of Nashville Public Television and a trustee with The Community Foundation of Middle Tennessee.

He has demonstrated leadership in a number of local organizations, from Fisk University to the Metro Development and Housing Agency to the Leonard Bernstein Center for Education Through the Arts.

Francis S. Guess, who died last year, was a local civil rights champion and trailblazer in Nashville's business industry. He was appointed to the U.S. Civil Rights Commission by President Ronald Reagan and served 30 years on the Tennessee Commission on Human Rights.

Rechter is the first to receive this newly created award, which will be given annually to individuals who create equal opportunities for all persons.

Shelby Grubbs (GA, '05) to make Atlanta a global hub for arbitration

Like many metro areas, Atlanta historically has struggled with how best to maximize the impact of its airport beyond moving people and goods across its taxiways and terminals. Airport operations are an enormous economic engine, leading to $34.8 billion in direct business revenue and employing 63,000 workers, according to a 2013 report released by the airport. However, transferring the most international travelers to somewhere else does not take full advantage of broader economic potential.

So Atlanta’s leaders have been assessing how to align the region’s distinctive economic specializations with its international aviation connectivity, beyond their more conventional efforts to promote cargo flows and commercial real estate development. They combined airport access with the region’s sophisticated legal community, unusually intense concentration of multinational corporate headquarters, and the international presence of 78 consular and trade offices.

And they identified an emerging market opportunity in the growing number of complex disputes associated with global business activities. Arbitrating legal issues between foreign companies in a neutral country is an increasingly common remedy when firms are concerned that judgment in either native court would give a “home-court advantage” to one party. International arbitration is enforceable in the over 150 countries that are signatories to a 1950s agreement that established common practices.

As a result, the Atlanta Center for International Arbitration and Mediation at Georgia State University was opened last fall to help tap this potential for the region and compete with other emerging cities. Making Atlanta a global hub for arbitration proceedings between foreign firms will increase exports through delivering legal services and hosting litigant teams, and it will bring more global awareness and business links to the region. One study placed the 2013 economic impact of international arbitration in Toronto at nearly $275 million Canadian dollars.

ACIAM markets and pursues agreements to bring more cases to the region, offers meeting space and services to support arbitration, and offers continuing education classes for area lawyers, among other activities. “The practice of international law is less and less the exclusive purview of the international firms in New York or London or Paris and the Continent,” Shelby Grubbs (GA, '05), the ACIAM executive director, said in a phone interview.

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Benjamin Robinson (NC, '13) named to Bottomline Technologies Board

Bottomline Technologies (NASDAQ:EPAY), a leading provider of cloud-based payment, invoice and banking solutions, today announced the appointment of Mr. Peter Gibson and Mr. Benjamin E. Robinson III (NC, '13) to its Board of Directors.

Mr. Gibson is Co-CEO of Knowledgent Group, a data analytics and technology firm headquartered in Warren, NJ. Prior to this, he led global sales for the consulting arm of EMC Corporation, was a founder of BusinessEdge Solutions and was an early member of Trecom Business Systems. Mr. Gibson is a trustee of Long Island University, a member of Rutgers University Board of Overseers and a Board member of Qello Concerts, a media streaming company.

Mr. Robinson held a number of executive roles at Prudential Corporation, most recently including Senior Vice President and Chief Administration Officer for Prudential Annuities. Prior to joining Prudential, Mr. Robinson held executive positions at Bank of America and MasterCard International. Earlier in his career, he was Congressional Advisor to the US House of Representatives' Committee on Banking, Finance & Urban Affairs. He currently serves as a member of the Executive Leadership Council and the Society of International Business Fellows.

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