Andy Wirth’s Battle With Backers Of Incorporation In Lake Tahoe

The Reno-Gazette Journal covered some interesting developments in the tourist community of Lake Tahoe in a recent article. Lake Tahoe has not had the best of luck in the last four years, and the area has also been the site of a political and civic struggle over an attempt to have businesses incorporated. The resorts in the area depend greatly on favorable weather to thrive. Favorable weather in Lake Tahoe means a lot of snow and cold weather. If the resorts and hotels are thriving from tourism during a season, then other businesses such as restaurants and shops would experience a favorable economic injection from increased foot traffic. Unfortunately, the last four years in Lake Tahoe has been slow, but this year has seen a fortunate boost from early winter weather and cold temps, which allowed the resorts to start their tourist season early.

The other problem Lake Tahoe was facing involved the backers of incorporation wanting to establish oversight committees to force resorts and business to effectively kneel before them. The backers of incorporation faced off against a man named Andy Wirth. Andy Wirth is the CEO of Squaw Valley Ski Holdings, which is the owner of Squaw Valley Ski Resort. Allegations have flown back and forth between the two parties over the proposed incorporation. There has also been a lot of money spent on both sides allegedly. The backers claim Andy Wirth’s resort is trying to avoid the oversight of the committee, and they claim Squaw Valley Ski Resort has spent a lot of money to prevent the incorporation. In the article, Andy Wirth waved these allegations off, and pointed out the backers have spent a small fortune to see it pass. He also cites how terrible for the local economy and civic situation it would have been for the area.

Despite the money raised and spent by the supporters of incorporation, their proposal has been trashed by a state commission. This has freed up Andy Wirth to push for the members of the community to come together and work on new projects such as transportation between the resorts.

Andy Wirth is no stranger to adversity either, and the backers of incorporation were nothing compared to what he’s been through. According to his Wikipedia, he was involved in an awful skydiving accident in Lodi, California, which resulted in his arm being torn off. He was luckily able to have it surgically reattached.


Brazilian Economy Fails to Make any Progress

Brazil’s economy has been in the limelight for the wrong reasons for some years now. The country has not been making any progress for some years, especially when the current president of the country, Dilma was elected to office.

Brazil is one of the biggest growing economies in the continent, and many people have some interest in it, and perhaps, this is why their eyes are always fixed on the country. The world cup games also tend to raise a lot of attention to the country, because the country has one of biggest and one of the most powerful teams in the world.
According to the new matrix, an experiment conducted on the country’s economy, Brazil has not been making any progress, and the government ventures have been affected by the economic crisis the most. Experts in the financial sector say that the Brazil was making a lot of progress before the international financial crisis that took place in 2008, and they believe that since then, the country has not been able to recover as most of them have.

The private banks, however, have not been affected like the government institutions. These banks have made shocking profits despite the huge losses reported by the public banks. One of the banking investment strategists in Brazil, Igor Cornelsen says on that this was expected, putting in mind that the government was not keen on their strategists and policies.

The re-elected president of Brazil is one of the key factors to the failure of the public institutions. She has been using her populist ideas in the running of the country, and they do not seem to make any changes. She has promised the citizens that there will be improvements, and nothing is happening.

The macro economy of the economy plays an important part in the whole economy of a country. In Brazil, these investors have not been given a fair opportunity, and they do not have trust in the government at the moment. Igor Cornelsen believes that these individuals must get their trust and also get access to the right funding in order for the country to get back the state it had before the financial crisis.

The country has also been lacking a good finance minister who is qualified and well trained to handle financial matters. In order for a ship to sail to its destination without problems, the person in charge must know their job well. Igor Cornelsen said on he believes that the current minister of finance in Brazil has the skills to bring the country where it belongs. The country has enough natural resources that are not yet fully exploited, and the country can benefit a lot from them if they take the opportunity of understanding them.

Myths About The Koch Brothers Debunked

The Koch brothers have created one of the largest and most successful private companies in the world. Elder brother Charles Koch, who is 80 years old and graduated from the Massachusetts of Technology serves as president of Koch Industries. The firm has yearly revenues totaling about $115 billion dollars. It also employs over 100,000 employees. Younger brother David Koch serves as the vice president of Koch Industries. He also graduated from MIT like his older brother.

The Koch Brothers are known for their philanthropy and support for political movements that support conservative policies and libertarianism. Charles massive wealth and huge contributions to conservative groups and think tanks such as Americans For Prosperity, the Cato Institute and many others have drawn accusations against them from the media that they are trying to gain political clout and power. This distortion by the media and some journalists couldn’t be further from the truth. Charles Koch is simply trying to support libertarian economic causes and conservative policies that have helped make America one of the wealthiest and strongest countries in the world. Below I debunk some of the myths about the Koch brothers.

The brothers have been accused of entering the political scene to oppose Barack Obama and his liberal policies. This is outright false. The Koch brothers have been actively involved in supporting research groups and think tanks such as the CATO institute since the 1970’s. David Koch was even actively involved in the Libertarian political party in the 1980’s when he ran as a vice presidential candidate. To further disprove that the brothers are just entering the political scene to try and stop Barack Obama and liberals, is the fact that the brothers have opposed many of George W. Bush’s policies. They opposed some regulations and an expansion of social spending proposed by the Bush administration.

Another misconception of Charles and David Koch is that the political network they have established in the United States is their own “pet project.” The current Koch Network actually has hundreds of other wealthy families and donors who like the Koch brothers want to see more conservative and libertarian policies in the country. It is true that the Koch brothers are one of the biggest donors and that they are one of the wealthiest in the network. However, they are not the only players in the Koch Network. Yet they are unfairly targeted and singled out.

CEO Mann Introduces $5,000 Academic Scholarship

Keith Mann, CEO of Dynamics Search Partners, collaborated with Uncommon Schools to offer a $5,000 academic scholarship to college bound students in Brooklyn, New York. The scholarship is aimed at underprivileged students who show potential as future, inventive business leaders. Uncommon Schools is a network of forty-four public charter schools in the northeast – including Boston and New York.

Starting in 2016, the scholarship will be offered yearly to a graduating senior from one of the Uncommon Schools’ high schools located in Brooklyn. Presently, 2 high schools exist – Uncommon Charter High School and Uncommon Collegiate Charter High School.

This year’s scholarship seekers must compose a 1,000-word essay on the career benefits of attaining a college degree. Essays may be submitted starting on February 29 and one winner will be announced in late March. The $5,000 scholarship would be applied to the winning student’s college tuition. Only graduating seniors from Uncommon Charter High School may apply for the scholarship.

Keith Mann is co-founder (and current CEO) of Dynamics Search Partners (DSP) – a premiere executive search firm specializing in the hedge fund industry. Keith Mann has over 15 years of pertinent industry experience. He co-founded DSP in 2009.

Keith Mann is a philanthropist who has a heart and passion for education – especially helping low income students pursue the dream of earning a college degree. This is not the first time Mr. Mann has worked with Uncommon Schools. In 2015, DSP held a fund raising event in New York and, with the help of other local financial service organizations, they raised $22,000.

Dr. Avi Weisfogel starts GoFundMe Campaign to Support Operation Smile

Avi Weisfogel is a licensed dentist who has invested in starting his own GoFundMe campaign to raise money for Operation Smile. Operation Smile is a charity organization that participates globally to help aid children and young adults who are in need of dental care. The dental care can be a simple procedure or something more intense like cleft palate surgery, lip surgery or other facial deformities. Avi Weisfogel wanted to support Operation Smile because of their dedication to children and young adults as well as their focus to help them out when the situation does not present itself to be in the favor of the children. They want children to know that there is help out there and wants them to remain hopeful. The organization works to treat the children as if they were their own and know the importance of their issue at hand. Dr. Weisfogel believes in this foundation and supports them fully. The international charity was founded in 1982 by Bill and Kathy Magee. They originally began their mission in the Philippines, helping young children with their dental needs. The Operation Smile charity, throughout the years began to grow rapidly and reach children in need all over the nation. They focus on working with local medical offices, hospitals and government agencies.

Avi Weisfogel is a New Jersey based dentist who owns his own practice and has studied for years in the sleep disorder industry. His practice was established in 1999 where he began to develop his experience and professionalism involving sleep therapy. After realizing that many people all over the world suffer from sleep disorders, he began to study further. In 2010, he co-founded Healthy Heart Sleep which is a company that works with doctors to help them understand and educate them on the status of sleep labs and how they’re managed throughout the country.

Avi Weisfogel also began a program dedicated to lecturing and providing educational materials for dentists across the nation teaching them how to notice and help those who suffer from sleep disorders. He helps them understand how oral sleep devices can benefit patients with obstructive sleep apnea and other sleep disorders that prevent them from getting deep sleep due to hindered breathing. Dr. Weisfogel has dedicated much of his life to helping others through their dental and oral issues and received his bachelor’s degree in biology and psychology. He then went on to get his DDS from a dentistry college in New York.

Talk Fusion: A Service And An Opportunity

Talk Fusion, a video communication service, has been in the news for its recent growth. Because of page views and unique visitors to their website, Talk Fusion jumped up 30 thousand positions in Alexa web rankings. Business For Home recently published an article discussing Talk Fusion’s growth. In the article, they made mention of the fact that Talk Fusion is also a direct selling opportunity. They even got feedback from some of the successful sellers, like Steve and Susan Baran, who said that with the launch of all of the new products and the exciting opportunities to come with Talk Fusion, everyone involved is only becoming more positive about their future of partnering with Talk Fusion. The article also got some information from employees of Talk Fusion. Allison Roberts is the Vice President of Training and Development at the company. She believes that there is only considerable growth in Talk Fusion’s future. She even went so far as to say that it will be a household name.

Talk Fusion is a leading company in video solutions. They have patent pending and proprietary video technology that they want to change lives with. It was founded by Bob Reina in 2007 and it is now being sold in more than 140 countries around the world. The selling is done through direct sales of independent associates. This means that not only does Talk Fusion provide a service for people to utilize for personal and business matters, but there is also an opportunity to make money. Talk Fusion is also well known for its ground breaking payment system. The company pays its independent associates immediately after they make a sale. It is deposited onto a credit card that associates are sent by the company and can be used at any Visa accepting location.

Talk Fusion is also big on giving back to the communities that they are in. It has been reported that they have given large donations to organizations such as an orphanage in Indonesia, the SPCA, and children’s sports teams in their communities.

Oisin Hanrahan is Building a Unique On-Demand Giant

Handy, a niche service that provides professionals in cleaning and repairs has seemingly dominated its specific market. In the three years it’s been in operation, Handy has increased in value from $50 million to $500 million. Oisin Hanrahan, founder of Handy, has been a constant magnet for attention by others hoping to learn the secrets to his business savvy.

The idea for Handy came about during Hanrahan’s time in college, developing a real estate business that would operate in Hungary. It was at this time that he saw a need for accessible cleaning and handyman services to perform jobs needed at properties for sale or rent. This idea wouldn’t take full form until he lived in London while working for Excel Ventures. Seeing the popularity of on-demand services, Hanrahan started formulating a business model that would combine the two, then put that plan into motion while at Harvard University while working on his Masters in Business Administration.

With $50,000 on hand, Hanrahan moved the company from Boston to New York, seeing it as the optimal place for the company to grow and reach the largest, ever growing customer base possible.

Part of Handy’s success lies in their relationship with their contractors, who prioritize their flexibility and responsibility, helping to maintain a reputation of professionalism. This makes it easier for clients who want a reliable contractor, increasing the number of clients that keep contractors working.

With a staff of 160 employees and more than 10,000 contractors working through Handy, Hanrahan is set on increasing flexibility even further, which compliments the low hours many contractors work without compromising its business model as it had with similar businesses in the past. This will hopefully increase their competitiveness against similar startups, and eventually expand to new markets in the UK and Europe.

This article recapped

Highland Capital Management are Prospective Buyers of Argentinian Bonds

Argentina will be entering the bond market again, after a long awaited return in an effort to raise $12 billion. Highland Capital Management is looking to be one of the first buyers.

Highland Capital Management is under the leadership of James Dondero and has been overseeing $19 billion worth of emerging market hedge funds as well as credit hedge funds. James Dondero believes they will focus on buying up a significant portion of the Argentinian bonds. Highland Capital Management had been the biggest holder of Argentina’s notes which are due in 2033 but over the last 6 months it has been reducing some of those holdings.

The fact that Highland Capital Management is looking to invest in Argentina is a good thing for the country. It is selling debt in an effort to pay for settlements with holdout creditors. This is all being done under the billionaire Paul Singer who is leading this venture. Over the years there have been many distressed debt investors who have entered in to Argentina but it is possible that these will remain buyers of the countries debt.

Dondero said in an interview that they will be holding onto the original bonds but may also look to purchase some of the new issuance. He is very optimistic with regards to where the country will price the debt as well as where it will trade. This is important especially when comparing it to other Latin American Sovereigns.

Recently the Finance Ministry Officials told their Congress that they are looking to issue $11.68 billion of the bonds and that they should yield 7.5 to 8 percent in mid April. At the same time they issued a debt bill to open the possibility of another deal that will offer most holdouts. The Finance Secretary, Luis Caputo believes they will sell 3 types of bonds with 5,10 and 30 year maturities.

James Dondero is the CEO of Highland Capital Management as well as the co-founder. Jim Dondero has been in the investment industry for over 30 years so has a lot of knowledge and experience which have led to their success.

Jim’s focus is on equity and credit markets as well as high yielding distressed investing. The company was founded in 1993 and has been the leader in CLO market development.

This article recapped

Madison Street Capital Avails 2016 Outlook for the Hedge Fund

The Madison Street Capital is known to be one of the leading investment banks in the financial services industry. The company has just released the fourth edition of its hedge fund industry and the M&A overview which entailed transaction activity and opportunity from M&A.
The company reported that up to 42 hedge deals were either closed or revealed worldwide in 2015. This is said to have exceeded the thirty two transactions conducted in 2014. The 2015 transaction volume which was done by ALUM was roughly 27% higher than what was recorded in 2014. This is believed to have been propelled by the wave of transactions in the fourth quarter of the 2015. However, there are major drivers who are creating deal momentum and position the 2016 to be a record year in terms of M& A transactions and hedge fund.
The following is a summary of the report:
The assets of the hedge fund are at an all-time high despite the low performance across most of the 2015 hedge fund strategies. Though most of the hedge fund performance dropped, most of the institutional companies are continuing to make allocations to alternative asset management department with an aim of getting higher returns that will be able to match the rising liabilities. Currently, the lower level hedge fund managers are getting it hard trying to attract new capital thereby resorted to operating below the lowest portfolio levels.

The managers are recording higher costs of operation while at the same time feeling the downward pressure on the fees. All these factors have forced the managers of hedge fund to reconsider their strategic alternatives.

Karl D’ Cunha, the Senior Managing Director at the Madison Street Capital revealed that the environment deal for the hedge fund used to be strong in 2015 and will grow to be much stronger in 2016. Actually, there are a variety of deal mechanisms being used to accommodate the buyers and seller. Apart from the traditional M&A, transactions are being developed .The hedge fund which has been fragmented will continue to realize consolidation especially the opportunistic partnerships that helps in the bridging of distribution to offer products. This article is also available on
About Madison Street Capital
Madison Street Capital is known to provide a full service and integrated approach to both the financial advisory and strategic that provides solution to different clients around the globe. The industry specialists advice on the Hedge Fund and other asset managers on Portfolio Valuation, Financial Sponsor Coverage, Financial Restructuring, Capital Introduction and M&A Advisory.


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All you Need To Know About Sam Tabar

Sam Tabar is a popular attorney and capital strategist, and he is based in America, specifically in New York City. He has worked in this area for quite a long time, and this has game him enough experience to handle key positions in any organization in almost any part of the world. In 2013, he was given an opportunity to work as the head of Asia Pacific Capital. He was quite successful in this position, taking this company to greater heights. He has also had an opportunity to work with Roth and Zabel as the associate lawyer. Apart from his expertise in law, Sam Tabar is also a good hedge fund manager, and this is what makes him have an upper hand for getting top positions in big companies.

He acquired a lot of training especially in the legal matters, and this is why it is so easy for him to deal with any challenges that come his way in the hedge fund sector. He is a graduate of the Oxford University, and he also boasts of another degree from Columbia School of Law. Most companies in the United States look for individuals who are well trained in to handle senior positions, and this has helped Sam Tabar get the positions he has worked for which lists in full.

Sam Tabar had an opportunity to work in a big company in Hong Kong. In Hong Kong, he had a major position, and this enabled him to attain a lot of experience which has given him the respect he has today. In this country, he had to learn a new language just to cope with the job and excel in all aspects. He managed to create unique asset strategies for the company, something he is remembered for.

Today, Sam Tabar has a newly invested portfolio that he is campaigning for. He met two women one day who were introduced to him by his friends one evening. The women had started a company called THINX. The ladies explained how their business was conducted, and he immediately fell in love with the idea. The company designs classy and affordable underwear that is available for all people in America. People who purchase this underwear have an opportunity to help women in Africa get at least a packet of sanitary pads. These pads are delivered into Africa by an organization known as Afripads. Girls in Africa miss school when they are on their periods, and THINX wants to change this by giving them sanitary pads.