Daily Archives: October 17, 2012

New Securian Investment Product Offers Team Approach to Portfolio Management

Posted: October 17, 2012 at 11:21 pm

ST. PAUL, Minn.--(BUSINESS WIRE)--

Securian Freedom is a turnkey asset management program offered by Securian Financial Services, Inc. (SFS) that offers a disciplined approach to investing for the long term. It combines the investment expertise of the professionals in SFS Investment Resource Group (IRG) and the convenience of the Pershing platform. Securian Freedom is available for investments of $50,000 or more.

Advisors can offer a range of Securian Freedom model investment portfolios to their clients and help them choose the one that best suits their financial goals, risk tolerance and investment horizons. Client accounts are managed by the IRG on a discretionary basis in accordance with the model portfolios selected by clients, allowing advisors to focus on client investment objectives while building their businesses.

Advisors new to investment advisory business or those who wish to expand and diversify their practices will find Securian Freedom especially useful, said Richard A. Diehl, chief investment officer, Securian Financial Services, Inc. It gives clients professional asset management that includes ongoing monitoring and account adjustment, and its not as time-intensive for the advisor.

Each of the five model portfolios combines 13 17 sub-asset classes to maximize risk-adjusted returns They range from an aggressive growth option whose objective is the highest possible long-term growth of capital, to an income option for investors whose primary objective is current income. The target market is individuals who:

Securian Freedom also gives clients access to institutional share class pricing, reducing the cost and maximizing returns. Additional services include performance reporting; consolidated statements; online access; and email delivery of statements, trade confirmations and other important documents. One transparent advisory fee covers all investment advisory and transaction expenses, though miscellaneous fees may be charged, depending on the size and structure of the account.

Securian Freedom is one of many value-adds available to advisors who work with Securian Financial Services, said Diehl.

Detailed information about the program, including costs, is contained in Securian's Freedom program brochure. A copy of the brochure is available upon request by contacting Securian's Service Center at 1-800-820-4205.

Since 1880, Securian Financial Group and its affiliates have provided financial security for individuals and businesses in the form of insurance, investments and retirement plans. Now one of the nations largest financial services providers, it is the holding company parent of a group of companies that offer a broad range of financial services.

Neither diversification nor asset allocation guarantees against loss. They are methods used to manage risk. Investments will fluctuate and when sold may be worth more or less than when originally invested.

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New Securian Investment Product Offers Team Approach to Portfolio Management

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Nayland Blake: Freedom key to Tool Box

Posted: at 11:21 pm

Nayland Blake's hot-colored new installation at Yerba Buena Center for the Arts, "Free!Love!Tool!Box!," celebrates sexual and artistic liberation as it played out in San Francisco during two culture-changing periods: the early 1960s, when the artist was a toddler in Manhattan and knew nothing of places like the storied South of Market leather bar called the Tool Box, and the early '90s, when the pioneering queer performance artist, as Chronicle Art Critic Kenneth Baker recently called him, was at the hub of the action.

"It was this moment that was post-ACT UP, post the activism coming out of the AIDS epidemic," said Blake, a warm, gray-bearded bear of a man who was busy mulling what to put where in this improvised project, which he calls a big installation with discrete parts. "There was this kind of flowering of a new sort of drag scene, a new art scene, an explosion of activity among a lot of queer people in San Francisco.

"The show tries to evoke those two moments," adds Blake, who was lit up by the famous 1964 Life magazine photograph of the Tool Box that figured prominently in Life's revealing spread on homosexuality in America. Many of the patrons in the photo, which Blake came across a few years ago, appear in the striking 1962 black and white mural Chuck Arnett painted on the wall behind the bar. Blake, who moved to Brooklyn in '96 but has remained a presence in museums and galleries here, has re-created the mural on a gigantic digital print on silk, which fills an entire wall at Yerba Buena.

The artist is also mixing things from his box of materials - plastic bags, an old wood bench and other discarded objects he found on the street outside his house, clown shoes, tutus, latex face casts and other things he's used in performances and sculptures - with personal objects from people at ancillary events whom the artist asked to bring something expressing freedom.

He's placing them on shelves on a canary-yellow wall (he chose the color because it had a psychedelic feel that suggested the free-loving hedonism of '60s San Francisco). A reading in the gallery last week yielded a self-published chapbook, and a studded dog collar in a red velvet-covered case.

Blake has also built some new things in the galleries. There's a hanging sign glowing with red and yellow bulbs that says "Tool Box" on one side and "Free Love!" on the other.

The actual Tool Box stood at Fourth and Harrison streets, a block from where the long-delayed Yerba Buena project would eventually rise, a connection not lost on Blake. It closed in '71 and the building was torn down. But the mural, which had been painted on a wall adjoining another building, was exposed and visible to drivers coming off Highway 101 until it was demolished a few years later.

"It's a piece of art that allowed guys to identify with something they only thought about in their heads before," Blake said, "and it counteracted the image of these people as freaks and losers. They're not tortured souls." He speaks of the moment in the early '60s when artists and "people in these sexual minorities" embraced the idea that "freeing yourself sexually would lead a kind of transformation of society. This photograph served as a kind of siren call to all these guys who were into leather, around the world, that San Francisco was a place you could go."

Blake, who hopes this show offers a taste of liberation, has also built a tall metal pole with crossbars, draped at the moment with chains made of black construction paper of the kind we all used in grade school.

"I was thinking of maypoles. I wanted to come up with something that would be like scaffolding," the artist said. "I like that it suggests a ship's mast and also a Christmas tree."

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EU Ambassador to Ukraine: There Is Freedom of Self-Expression in Ukraine

Posted: at 11:21 pm

KYIV, Ukraine, October 17, 2012 /PRNewswire/ --

"There is a complete freedom of self-expression and no censorship in Ukraine," stated the Head of the Delegation of the EU to Ukraine Jan Tombinski. At the same time, he said, there was an issue regarding the ability of citizens to express their views through the media.

Tombinski mentioned that the Ukrainian media were focused on influencing voters instead of educating them. It is only after the election that it would be possible to see to what extent access to the media or its absence influenced the results of the vote, he added. Many international and local activists, including the international NGO CANADEM, indicate that media freedom has been an important factor for Ukrainian voters while making an informed choice at the October 28 parliamentary elections.

While the media in Ukraine is widely criticized for placing paid publications and spreading biased information regarding both the opposition and the ruling party, Freedom House gave free Internet freedom status to Ukraine in the organization's September 2012 report. Ukraine received 27 points out of 100 (maximum points indicate the least free environment) - the best Internet freedom result among the researched CIS countries.

"Ukraine has relatively liberal legislation governing the Internet and access to information," reads the report. The document states that access to broadband Internet in Ukraine is fairly affordable, Internet penetration in Ukraine has been growing steadily, YouTube, Facebook, Twitter, WordPress and LiveJournal are freely available. The authors note that the backbone connection of UA-IX to the international Internet is not centralized.

Notably, in September 2012, Ukraine hosted the 64th World Newspaper Congress and 19th World Editors Forum. Almost 1,000 representatives of the world-leading media from more than 90 countries attended the event in Ukraine, receiving first-hand experience in the state of the media environment in the Eastern European country. International media CEOs had a chance to meet Ukrainian government officials and reflect on the issues of freedom of press and speech in Ukraine.

The issue of media freedom is particularly important on the eve of the parliamentary elections in Ukraine, which will take place on October 28, 2012.

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EU Ambassador to Ukraine: There Is Freedom of Self-Expression in Ukraine

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Liberty, Pendleton haven't met expectations this season

Posted: at 11:21 pm

A season ago, Liberty went into its Week 8 de facto region championship game with Pendleton in the midst of one of the best seasons in school history.

Things are a bit different for both teams this year as they prepare for their showdown at Cunningham Stadium on Friday.

Sitting on the playoff bubble in Region 1-AA, Liberty (4-4, 2-3) has adopted a win-or-go-home mentality the last few weeks. Meanwhile, Pendleton (5-3, 2-2), a preseason region favorite riddled with injuries, is already out of the mix for the region championship and is looking to stay under the radar as the postseason approaches.

Liberty coach Kyle Stewart can understand some fans' disappointment as the Red Devils were coming off a 9-3 season that included a playoff victory. Yet, while his team hasn't quite taken the next step in the rebuilding process, Liberty is a far cry from the 4-46 record it carried from 2007 to 2010.

"It's easy to look at past results and say it'll be duplicated," Stewart said. "But this is a different team."

And it's a lot harder to sneak up on teams after last season.

After suffering significant losses to graduation last year, Liberty dropped three league games in a row to Landrum, Blacksburg and Chesnee, the latter two of which will be playing for the region crown Friday.

But something changed last week against Crescent, this year's surprise team in the region. Up 14-7 at halftime, Stewart and his staff reminded their team that its season was on the line.

"A lot of what we do is mental," Stewart said. "At halftime we had a little spark of emotion and got what we needed."

Liberty forced five turnovers Colby Gibson and Payton Dameron returned interceptions for touchdowns and scored 27 unanswered points in the second half of the 41-7 rout.

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Liberty, Pendleton haven't met expectations this season

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Liberty Mutual Insurance Schedules Third Quarter 2012 Earnings Conference Call

Posted: at 11:21 pm

BOSTON--(BUSINESS WIRE)--

Liberty Mutual Holding Company Inc., the parent corporation of the Liberty Mutual Insurance group of entities (the Company), is scheduled to review its third quarter financial results on October 30, 2012. At 11:00 a.m. EDT that day, David Long, Liberty Mutual Insurance President and CEO, will host a conference call to discuss the Companys financial results.

The earnings release, financial results and other supplemental information will be available on the website http://www.libertymutual.com/investors prior to the call.

To listen to the call and participate in the Q&A, please dial 8008572190, providing the pass code Liberty when prompted. A replay will be available until 5:00 p.m. on November 6, 2012 at 866-351-2782.

For further information, please contact Alison Erbig, Vice President and Director, Investor Relations, at 617-574-6655 or email investor_relations@libertymutual.com.

About Liberty Mutual Insurance

"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2011 direct premiums written as reported by the National Association of Insurance Commissioners.

Liberty Mutual Insurance also ranks 84th on the Fortune 100 list of largest corporations in the U.S. based on 2011 revenue. As of December 31, 2011, Liberty Mutual Insurance had $117.1 billion in consolidated assets, $99.3 billion in consolidated liabilities, and $34.7 billion in annual consolidated revenue.

Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 45,000 people in more than 900 offices throughout the world.

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The Obama-Romney 'Assault Weapons' Duel

Posted: at 11:18 pm

Gun control, assault weapons, and the Second Amendment all surfaced in the lively second presidential debate. Unfortunately for devotees of the firearm issue, fireworks were also exploding on Libya, immigration, energy, binders of women, and the size of the candidates respective retirement plans.

Lets go back and take a look at the gun exchange, because, like the rest of the debate, it was pretty darned interesting.A town hall attendee named Nina Gonzalez got things rolling with an admirably concise question. (You can find the complete transcript, courtesy of Politico, here.)

President Obama, during the Democratic National Convention in 2008, you stated you wanted to keep AK-47s out of the hands of criminals, Gonzalez asked. What has your administration done or planned to do to limit the availability of assault weapons?

The simplest answer would have been, Nothing. Or perhaps, Nothing beyond enforcing existing criminal and civil laws as I found them when I took office. Obama has signed no new federal gun control legislation of any significance, much to the despair of a gun-control movement that has been politically marginalized over the past dozen years. (Ive addressed that marginalization and its causeshere and here.)

Obama did not give the simplest answer. Instead he began this way:

Were a nation that believes in the Second Amendment, and I believe in the Second Amendment. Weve got a long tradition of hunting and sportsmen and people who want to make sure they can protect themselves.

This is the same answer that Mitt Romney could have offered. For that matter, it is the same answer that Wayne LaPierre, the top gun at the National Rifle Association, might have volunteered. Its an indisputable statement about the deep-seated American attachment to firearms. It does not say anything about AK-47s in the hands of criminals. What it does reveal is Obamas determination to steer clear of the gun issue at all costs. He and most other Democrats in Washington long ago decided that popular support for gun ownership and the political acumen of the NRA make this issue a loser. In an era of declining gun homicide rates, there simply is no widespread demand among voters for stiffened federal gun control. This reality is unaffected by the periodic and horrific mass shootings in movie theaters or shopping malls.

Obama continued his answer with an irrelevant anecdote about meeting one of the survivors of the July, 2012, multiplex massacre in Aurora, Colo. Then he said this:

I also share your belief that weapons that were designed for soldiers in war theaters dont belong on our streets. And so what Im trying to do is to get a broader conversation about how do we reduce the violence generally. Part of it is seeing if we can get an assault weapons ban reintroduced. But part of it is also looking at other sources of the violence. Because frankly, in my hometown of Chicago, theres an awful lot of violence and theyre not using AK-47s. Theyre using cheap handguns.

The president thus made a vague commitment to think about, maybe, one day, talking about a renewed assault weapons ban. If I were a gun control activist, I would not hold my breath. In a second Obama administration, the White House might say that an assault weapons ban would be nice in theory. Obamas tepid remark, however, did not sound like a promise that hed make it a priority.

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Amendment two: Strict scrutiny review for gun laws

Posted: at 11:18 pm

Leesville, La. -- The second amendment to be voted on the Nov. 6 general ballot is an amendment dealing with strict scrutiny for gun laws. The amendment states whether someone "supports an amendment to the Constitution of the State of Louisiana to provide that the right to keep and bear arms is a fundamental right and any restriction of that right requires the highest standard of review by a court?" The three levels of law review include rational basis, intermediate scrutiny and strict scrutiny, with rational baas being the lowest and most common standard, according to the Public Affairs Research Council of Louisiana (PAR). Strict scrutiny is reserved for cases about the validity of laws that may infringe on an individual's fundamental rights. Traditionally, Louisiana has been recognized as having some of the least restrictive gun laws in the state because it is an "open carry" state. Under strict scrutiny, a law must pass three tests in order to be considered valid. First, the government must first prove that it has a compelling interest that justifies the passage of the law; second, the law may not be overly broad in its reach; and third, the law must also be the least restrictive means of achieving the state's compelling interest. A vote for the amendment, according to PAR, would require that any laws restricting the right to keep and bear arms be subject to the highest level of judicial review, known as strict scrutiny. Voting for the amendment would also delete a line in the constitution that says the right to keep and bear arms shall not prevent the passage of laws to prohibit the carrying of concealed weapons. A "no" vote would retain the existing language in the constitution, which affirms that the right to keep and bear arms shall not be abridged but does to require strict scrutiny of arms laws and expressly allows the Legislature to regulate concealed weapons. Supporters of the amendment say that this amendment would give Louisiana the strongest protection of guns rights in the nation. In addition, the change would protect the Second Amendment rights of residents in the future. Those who oppose the amendment say that if passed, the amendment could lead to some laws used to help prosecute criminals could be overturned, and any of the statutes regarding the possession and carrying of guns could be affected.

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Index Interview: The salami slicing of free speech

Posted: at 11:17 pm

Conservative MP Dominic Raab talks to Mike Harris about civil liberties, free speech and how he wouldnt lose any sleep if the UKs communications data bill were canned

This is the first of a new Index Interviews series

LONDON, 16/10/2012 (INDEX). Dominic Raabs father fled Czechoslovakia just before the Second World War. The Conservative politician cites the fall of the Berlin Wall as one of his biggest political influences and Soviet dissident Alexander Solzhenitsyn as the writer whose life he most admires. In many ways, his style is from another generation of politicians; he shoots from the hip describing Vladimir Putin as a very Machiavellian, ruthless politician, he is unaccompanied by an aide, and, rarer still, he doesnt check his BlackBerry every five minutes.

Index is meeting Raab in a side room off Portcullis House, Parliaments new office block for members of Parliament (MPs) and their staff. On the agenda are free speech issues both in the UK and abroad from the Leveson Inquiry to the Kremlins suppression of Russian NGOs.

Lets start with an easy question: Does he believe the culture of offence has got worse? He does.

There is certainly much more legal restriction on what you can say. Weve seen it with the incitement to religious hatred debate, he says, the glorification of terrorism debate and the ASBOs (Antisocial Behaviour Orders) that originated under the last government. His concern is that these limitations are making society less open: Were narrowing the space where free speech and open debate takes place.

Raab defends preacher Philip Howard, who was banned from street preaching by Westminster Council in 2006:

I used to walk past him on Oxford Street with his microphone. The eccentricities of British life thrive on there being an open space where free expression can take place, and I dont think most people thought he was such a nuisance that he ought to have been banned from preaching. Were seeing the salami slicing of free speech.

The law I draw is the very clear one that John Stuart Mill drew, that you shouldnt be saying things which incite violence or disorder, or cause tangible concrete harm to other people. Mere offence or insults dont satisfy that test.

Raab is clear he thinks the Crown Prosecution Service (CPS) has over-prosecuted free speech cases in the past citing the Paul Chambers Twitter joke trial case: Aside from the free speech issue, what a waste of money!

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Reddit CEO defends free speech — even for creeps like Violentacrez

Posted: at 11:17 pm

Everyone has a right to free speech -- and that even extends to creeps.

49-year-old computer programmer Michael Brutsch was the main moderator for Reddits Creepshot forum, which sparked outrage last month for encouraging users to post covert photos they had taken of women in public, typically close-ups of body parts for voyeuristic sexual thrills.

Brutsch was publicly exposed by Gawker writer Adrian Chen last weekend, leading his real-world employer to fire him and many Reddit administrators to ban links to Gawker websites as a show of solidarity with head creep Brutsch.

Please dont do that, said Yishan Wong, CEO of the massive social news site.

We stand for free speech, Wong wrote in a private post on the site obtained by Chen. We will not ban legal content even if we find it odious or if we personally condemn it. Not because thats the law in the United States but because we believe in that ideal independently.

Besides, banning any links from Reddit to Gawker just looks bad, he wrote.

Lets be honest, this ban on links from the Gawker network is not making Reddit look so good, Wong wrote.

Wong began his post -- titled we seem to be in a bit of a pickle -- by laying down the law: Reddit is all in favor of the freedom of legal speech, even if that speech is as clearly offensive as Brutschs Creepshots was.

The majority of Wongs posting dealt not with free speech or whether Reddit ought to host forums such as Creepshots -- a revolting collection of images so widely denounced that it was ultimately removed from the site -- but Chens investigative journalism and ultimate decision to reveal the identity of the forum moderator.

Moderators were enraged by Violentacrez's "doxxing" (hacker slang for outing) and decided to censor Gawker links in protest, Chen explained.

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Why the Violentacrez Story Isn't About Free Speech [Reddit]

Posted: at 11:17 pm

Note: This posta response to Reddit's free speech argument in the wake of Gawker's Violentacrez storywas originally published on writer John Scalzi's personal blog, and is republished here with permission. You can find the original here.

I've been watching with some interest the drama surrounding Gawker writer Adrian Chen revealing Reddit user/celeb/moderator/troll Violentacrez's real life identity (Michael Brutsch), which among other things resulted in Brutsch losing his job, presumably because Brutsch's employer was not 100% comfortable employing someone who spent his days moderating online forums with titles like "Chokeabitch" and bragged about the time he performed oral sex on his 19-year-old stepdaughter. It also resulted in Reddit globally banning links from Gawker (since rescinded, although forum moderators ("subredditors") can choose to block links within their forums - and do), and various bannings due to discussion of the drama.

Wrapped up in all of this are various chest beatings about free speech and whether someone's online anonymity is sacred, even if he is a creep, the culture of Reddit in particular and the Internet in general, and in a larger sense where the rights of one individual - say, a creepy middle-aged dude - begin to impinge on others - say, young women who don't believe that merely being in public is an invitation to be sexually degraded. This is all interesting stuff, to be sure, and naturally I have a few thoughts on these topics. In no particular order:

1. The "free speech" aspect of this is largely nonsense. Reddit is not a public utility or a public square; it's a privately owned space on the Internet. From a legal and (United States) constitutional point of view, people who post on Reddit have no "free speech" privileges; they have what speech privileges Reddit itself chooses to provide them, and to tolerate. Reddit chooses to tolerate creepiness and general obnoxiousness for reasons of its own, in other words, and not because there's a legal or constitutional reason for it.

Personally speaking, when everything is boiled down to the marrow, I think the reason Reddit tolerates the creepy forums has to do with money more than anything else. Reddit allows all those creepy subreddits because its business model is built on memberships and visits, and the dudes who visit these subreddits are almost certainly enthusiastic members and visitors. This is a perfectly valid reason, in the sense of "valid" meaning "allowing people to be creepy isn't inherently illegal, and we make money because of it, so we'll let it happen." But while it makes sense that the folks at Reddit are either actively or passively allowing "we're making money allowing creeps to get their creep on" to be muddled with "we're standing up for the principles of free speech," it doesn't mean anyone else needs be confused by this.

If someone bleats to you about any of this being a "free speech" issue, you can safely mark them as either ignorant or pernicious - probably ignorant, as the understanding of what "free speech" means in a constitutional sense here in the US is, shall we say, highly constrained in the general population. Additionally and independently, the sort of person who who says "free speech" when they mean "I like doing creepy things to other people without their consent and you can't stop me so fuck you ha ha ha ha" is pretty clearly a mouth-breathing asshole who in the larger moral landscape deserves a bat across the bridge of the nose and probably knows it. Which is why - unsurprisingly - so many of them choose to be anonymous and/or use pseudonyms on Reddit while they get their creep on.

On the subject of anonymity:

2. Anonymity/pseudonymity is not inherently evil or wrong. Astute observers will note that on this very site I allow both anonymous and pseudonymous postings, because sometimes you want to say something you wouldn't normally say with your name attached and/or because you have personal/business reasons to want not to have a trail of comments lead back to you. Perfectly reasonable and perfectly acceptable, and as I moderate this site pretty attentively, anyone who decides to use the cloak of anonymity to be an assbag will get their words malleted into oblivion in any event.

It's not anonymity or pseudonymity that's the issue. The issue is people being assholes while anonymous because they don't believe it's ever going to get back to them. This is a separate issue from anonymity/pseudonymity. Someone who is anonymous shouldn't be assumed to be an assbag, any more than someone who uses their real name should be assumed to be a kind and decent human being. In both cases, it's what they say that should be the guide.

However:

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Why the Violentacrez Story Isn't About Free Speech [Reddit]

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