Club fosters Wall Street networking

first_imgThe Notre Dame Wall Street Club is planning trips to New York, Boston and Chicago to allow current members to visit firms, connect with alumni and increase the University’s presence on Wall Street. Although the club is in the early stages of planning, the trips will be daily trips for small groups, and include visits to four or five financial firms in each city to form a network for Notre Dame students. Senior club co-president Lauren Baldwin said the club wants to keep the group small in order to facilitate personal communication between group members and Notre Dame alumni working on Wall Street. Senior Shawn Cappello, another one of the club’s three co-presidents, said these trips will “take the club to the next level.” “These trips are part of a larger plan to legitimize the club and increase Notre Dame’s presence on Wall Street,” Cappello said. The club, which was founded in 2010, currently has an estimated 300 active members and 880 students on the email list, making it the largest undergraduate business-oriented club. Three co-presidents and 9 vice presidents make up the club structure. These members communicate with the Investment Office, Career Center, Notre Dame alumni and senior mentors in order to form a network for group members. Sixty percent of members are freshman and sophomore, which Baldwin said is an emphasis of the club. “We’re connecting freshmen and sophomores with firms they will potentially be interviewing with,” Baldwin said. Cappello said the club’s rapid growth is proof of its necessary role it serves for so many students. “The club is a long overdue resource for students,” Cappello said. “This allows for students to get internships and receive great support from Notre Dame alumni.” Baldwin said weekly club meetings are divided into two halves. The first half is devoted to teaching financial skills and the second half focuses on interview skills. “This club helped me so much in the past two years,” Baldwin said. “This is the reason I have become so involved.” Cappello said senior members of the club conduct mock interviews to help improve underclassmen’s interviewing skills. The club also plans to introduce workshops to teach members financial modeling skills, like comparable companies analysis, discounted cash flow, and LGO modeling skills, that are not taught until senior year. “These are skills I had to teach myself like other finance majors,” Baldwin said. “This will give freshmen and sophomores important skills they need.” The club has also introduced new initiatives in order to attract non-business major members, a group that makes up 8.3% of the group. “Executives want a wide array of experiences,” Cappello said. “We’ve gone to non-business related classes and let students know about the resources we have.” Cappelllo said the club will begin its speaker series in the second semester, which will include information on topics like real-estate, private equity, and hedge funds. Contact Ben Horvath at [email protected]last_img read more

Bernstein analysts say Mountain Valley, Atlantic Coast pipeline projects may not get finished

first_imgBernstein analysts say Mountain Valley, Atlantic Coast pipeline projects may not get finished FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Even with 10 Bcf/d of new pipeline capacity added in the past 15 months, Appalachia’s pipeline buildout may be finished, putting the completion of late comers such as the EQM Midstream Partners LP-led Mountain Valley Pipeline LLC project and the Dominion Energy Inc.-led Atlantic Coast Pipeline LLC project in doubt, analysts at the investment management company Sanford C. Bernstein & Co. LLC told clients Jan. 24.“We had anticipated that building through [North Carolina and Virginia] would be difficult,” Bernstein’s midstream analyst Jean Ann Salisbury said in a research note. “The perfect combo of no major recent new pipelines and no state upstream benefit usually leads to problems —just ask [Williams Cos. Inc.’s Constitution Pipeline Co. LLC].”The costs of the 2-Bcf/d Mountain Valley pipeline and the 1.5-Bcf/d Atlantic Coast pipeline have grown to $4.6 billion and $7 billion, respectively, Bernstein said. These increases may force the operators to charge too high a tariff and make them uncompetitive, according to the firm.“This translates to $1.30-$2.60/MMBtu, almost certainly more than the cost differential to source from another basin,” Bernstein said. “To us this suggests that we are nearing the end of the buildout period, and even that possibly only one of these projects will ultimately get done.”Bernstein said that while producers in the dry gas portion of the Marcellus and Utica shales in northeast Pennsylvania will begin to bump up against a cap on takeaway capacity sometime this year, producers in the southwest portions of Appalachia have lots of running room. With capacity currently available out of both Appalachian regions, producers can look forward to better price realizations, Bernstein said, which is good for companies such as Cabot Oil & Gas Corp., Range Resources Corp. and Southwestern Energy Co. However, Bernstein said, there is a danger that the more Marcellus gas is on the national market, the further national prices will fall.More ($): Appalachian pipeline buildout looks to be ending, Bernstein analyst sayslast_img read more

Latin American Air Forces Strengthen Cooperation to Fight Organized Crime

first_imgBy Dialogo August 21, 2014 It’s a very good initiative, unfortunately in Argentina the reigning short-sighted ideology along with the impositions of the triumphant empire in 1982 do not allow public policies to involve military air means in matters of internal safety such as drug trafficking and organized crime, which allows our airspace to continue being a great carrier of the most profitable business. Commanders of Latin American air forces recently agreed to strengthen international cooperation to defeat transnational organized crime and aid civilian populations during natural disasters. These were two of the key agreements reached at the 54th Conference of Chiefs of the American Air Forces (CONJEFAMER) in Medellín, Colombia. Seventeen of the 20 countries comprising CONJEFAMER participated in the summit, as well as three other countries which were invited as observers, and two international organizations: the Inter-American Air Forces Academy (IAAFA) and the Inter-American Defense Board (IADB). The 20 member countries of CONJEFAMER include Chile, Colombia, Ecuador, El Salvador, Guatemala, Guyana, Honduras, Nicaragua, Mexico, Panama, Paraguay, Peru, the Dominican Republic, Uruguay, Venezuela, Argentina, Bolivia, Brazil, the United States and Canada. The commander of the Colombian Air Force, General Guillermo León, directed the conference. The importance of cooperation Colombian Defense Minister, Juan Carlos Pinzón, inaugurated the conference with opening remarks in which he spoke of the importance of cooperation in matters of security. In addition to directing the conference, Gen. León also delivered a speech at the opening of the event. “It is a wonderful opportunity to have so many Air Force commanders (here),” Gen. León said, according to Radio Santa Fé. “We have another opportunity to renew the arrangement to have helping hands and reiterate the commitment to work together for the peace of our people and a better future for our American nations.” Commanders who attended the conference agreed to protect the airspace in the hemisphere against transnational criminal organizations, some of which transport drugs in their own airplanes. The commanders of the American air forces forged “bonds of brotherhood and synergies of cooperation” by the end of the three-day conference, the Colombian Air Force said in a press statement. Military leaders also defined strategies to maintain security on the continent, the Colombian Air Force reported on the day of the closing ceremony. Protecting the civilian population Devising strategies to ensure the security of civilians from transnational criminal organizations, in which “the drug trade continues to be the most representative,” was an important part of the conference, said Javier Rincón, a security analyst who studies and teaches military law at Universidad Javeriana. The agreement reached by the air forces regarding joint cooperation in the event of war and natural disasters is especially noteworthy,” Rincón said. For the Andean countries, providing security in the event of natural disasters – such as earthquakes and tsunamis – is a recurring challenge. Eleven of the senior officers who attended the conference signed the agreement on cooperation and mutual assistance related to such disasters, the Colombian Air Force announced in a written report. The agreement establishes a general regulatory framework commonly applied to members of the System of Cooperation among the American Air Forces (SICOFAA) to facilitate the participation of these combined air operations to be implemented and developed in disaster situations caused by natural events or destruction caused by man. In addition to the agreement spelling out military cooperation to protect civilians during natural disasters, the senior commanders agreed to strengthen the information and telecommunications systems of air forces in the region. The commanders also agreed that individual air forces would show reciprocity when it comes to issues of education and efforts to preserve the environment. Commanders tour CACOM-5 Senior commanders who attended the conference also visited Air Combat Command No. 5 (CACOM-5) located in San Nicolás Valley, Antioquia, where they observed a static exhibit of the institution’s advances in science and technology. CACOM-5 is one of the units responsible for conducting air operations to ensure security and protect national sovereignty. At CACOM-5, senior officers observed one of the C-130 Hercules aircraft, the new Harpia IV modernized by officers and non-commissioned officers of the Colombian Air Force, Super Tucano fighter aircraft, and medically-equipped Caravan aircraft used to transport the injured to hospitals from the country’s most remote areas. By 2019, CACOM-5 will be equipped with combat aircraft technology with real-time information to meet the country’s comprehensive security needs. The aircraft will help security forces protect state infrastructure, such as roads and bridges, as well as public property. Colombia signs nine agreements During the conference, Colombia signed nine transnational security agreements with several countries, according to El Tiempo. These agreements strengthen defenses against drug and arms trafficking and money laundering. “With new proposals, firm objectives and unwavering commitment of the commanders of the American air forces to work for the welfare, progress and security of the sister nations of the hemisphere, the CONJEFAMER conference has concluded,” officials said on the final day of the gathering. The conference is a continuation of a cooperation plan that began more than 53 years ago. Officials gathered for the first CONJEFAMER meeting on April 16, 1961 at Randolph Air Force Base in San Antonio, Texas. Fourteen commanders of Air Forces from the Americas attended the inaugural conference. The same year the first CONJEFAMER conference took place, commanders from 14 air forces in the Americas created SICOFAA in order to strengthen cooperation and mutual support among member states. Since its inception, SICOFAA has worked to foster the exchange of experiences, resources, and training among its members. It also promotes the use of air assets in an integrated manner as crucial national defense elements, according to a June 24th press release from the Colombian Air Force. This is the third time that CONJEFAMER has been held in Colombia. The last time Colombia hosted the conference was in 1991.last_img read more