The Blackstone Group Inc. is an American multinational private equity, alternative asset management, financial services firm based in New York City. As the largest alternative investment firm in the world, Blackstone specializes in private equity and hedge fund investment strategies. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last decade, while its real estate business has acquired commercial real estate. Since its inception, Blackstone has invested in such notable companies as Hilton Worldwide, Merlin Entertainments Group, Performance Food Group, EQ Office, Republic Services, AlliedBarton, United Biscuits, Freescale Semiconductor and Travelport. Blackstone was founded in 1985 as a mergers and acquisitions boutique by Peter G. Peterson and Stephen A. Schwarzman, who had worked together at Lehman Brothers. In 2007, Blackstone became a public company via a $4 billion initial public offering to become one of the first major private equity firms to list shares in its management company on the public stock market.
Blackstone is headquartered at 345 Park Avenue in Manhattan, New York City, with eight additional offices in the United States, as well as offices in London, Dublin, Düsseldorf, Sydney, Hong Kong, Beijing, Shanghai and Dubai. As of 2019, the company's total assets under management were US$545 billion dollars. In April 2019, Blackstone disclosed it was converting to a corporation from a publicly traded partnership; the Blackstone Group was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with $400,000 in seed capital; the founders named their firm "Blackstone", a cryptogram derived from the names of the two founders: "Schwarz" is German for "black". The two founders had worked together at Lehman Brothers. At Lehman, Schwarzman served as head of Lehman Brothers' acquisitions business. Prominent investment banker Roger C. Altman, another Lehman veteran, left his position as a managing director of Lehman Brothers to join Peterson and Schwarzman at Blackstone in 1987, but left in 1992 to join the Clinton Administration as Deputy Treasury Secretary.
Blackstone was formed as a mergers and acquisitions advisory boutique. Blackstone advised on the 1987 merger of investment banks E. F. Hutton & Co. and Lehman Brothers, collecting a $3.5 million fee. From the outset in 1985, Schwarzman and Peterson planned to enter the private equity business, but had difficulty in raising their first fund because neither had led a leveraged buyout. Blackstone finalized fundraising for its first private equity fund in the aftermath of the October 1987 stock market crash. After two years of providing advisory services, Blackstone decided to pursue a merchant banking model after its founders determined that many situations required an investment partner rather than just an advisor; the largest investors in the first fund included Prudential Insurance Company, Nikko Securities and the General Motors pension fund. Blackstone ventured into other businesses, most notably investment management. In 1987 Blackstone entered into a 50–50 partnership with the founders of BlackRock, Larry Fink and Ralph Schlosstein.
The two founders, who had run the mortgage-backed securities divisions at First Boston and Lehman Brothers initially joined Blackstone to manage an investment fund and provide advice to financial institutions. They planned to use a Blackstone fund to invest in financial institutions and help build an asset management business specializing in fixed income investments; as the business grew, Japanese bank Nikko Securities acquired a 20% interest in Blackstone for a $100 million investment in 1988. Nikko's investment allowed for a major expansion of its investment activities; the growth firm recruited politician and investment banker David Stockman from Salomon Brothers in 1988. Stockman had a mixed record with his investments, he left Blackstone in 1999 to start his own private equity firm, Heartland Industrial Partners, based in Greenwich, Connecticut. The firm advised CBS Corporation on its 1988 sale of CBS Records to Sony to form what would become Sony Music Entertainment. In June 1989, Blackstone acquired CNW Corporation.
That same year, Blackstone partnered with Salomon Brothers to raise $600 million to acquire distressed thrifts in the midst of the savings and loan crisis. As the 1990s began, Blackstone continued its expansion into new businesses. In 1990, Blackstone launched its fund of hedge funds business intended to manage investments for Blackstone senior management. In 1990, Blackstone extended its ambitions to Europe, forming a partnership with J. O. Hambro Magan in the UK and Indosuez in France. In 1991, Blackstone created its Europe unit to enhance the firm's presence internationally. In 1991, Blackstone launched its real estate investment business with the acquisition of a series of hotel businesses under the leadership of Henry Silverman. In 1990, Blackstone and Silverman acquired a 65% interest in Prime Motor Inn's Ramada and Howard Johnson franchises for $140 million, creating Hospitality Franchise Systems as a holding company. In October 1991, Blackstone and Silverman added Days Inns of America for $250 million.
In 1993, Hospitality Franchise Systems acquired Super 8 Motels for $125 million. Silverman would leave Blackstone to serve as CEO of HFS, which would become Cendant Corporation. Blackstone made a number of notable investments in the early and mid-1990s, including Gre
Somnoplasty® is a trademark by Somnus Medical Technologies used for its radiofrequency ablation medical devices cleared by the Food and Drug Administration to treat habitual snoring, chronic nasal obstruction, obstructive sleep apnea to shrink the tissues that are causing obstruction. Somnoplasty is an outpatient procedure that takes 30–45 minutes. Prior to somnoplasty procedure, a doctor may want a patient to attempt more conservative remedies such as sleeping in a different position. Once the Somnoplasty procedure is started, the patient is given a local anesthetic and a special needle-like electrode with an insulating sleeve covering all but the tip, that delivers RF energy under the surface of the tissue; the electrode is used to administer controlled, low-power RF energy to create coagulative lesions, where tissue is denatured, beneath the mucosa of the targeted areas: For chronic nasal obstruction, the turbinates are targeted For habitual snoring, the soft palate and the uvula are targeted For obstructive sleep apnea, the base of the tongue and other airway structures are targetedNote: the actual areas targeted depends on each individual's specific anatomy, so the above are just general associations.
After 6–8 weeks, the lesions are resorbed as the necrotic tissue is swept away and the surface sinks to fill the void, which reduces the volume of the tissue while stiffening what remains. When this occurs the airway is enlarged. In addition, the scar tissue at the margins of the lesion is firm and less inclined to contribute to snoring. Several follow-up treatments are required to obtain the desired results. Most insurance companies do not cover somnoplasty since it is not a accepted treatment for sleep apnea. Common side effects include discomfort. Rarer side effects include infection. Somnoplasty was invented by Stuart D. Edwards, Ingemar Henry Lundquist of Menlo Park, California; the original patent assignee was Inc.. It is marketed by Somnus Medical Technologies, Inc. of Sunnyvale, California. Nasal concha Nasal obstruction Turbinectomy Septoplasty Empty Nose Syndrome
The She River known by its Chinese name Sheshui, is a left tributary of the Yangtze in central China. It has a length of 112 km; the route of the She River was noted in the Commentary on the Water Classic. It is the namesake of Shekou in Wuhan. Shekouxincheng Station is located near the mouth of the She River; the headwaters of the She River flow from Mount Sanjiao in Hubei in Xiaogan. The river travels east across Hong'an County in Huanggang entering the Huangpi District of Wuhan, its watershed area is rectangular in shape. On the lower reaches of the She River, there are several archaeological sites including the Masai archaeological site dating from the Warring States Period, the Chengmentan archaeological site, the Sangujing archaeological site; the Warm Winter on the She River is one of the ten important aspects of Huangpi District, as recognized from the Qing Dynasty. Huanglong, one of the Eight Immortals was named Qi Tianlong, married Ho Xiangu, they lived on a boat, helped others. One year, the rain came down in torrents, the mountains burst, the fertile fields flooded, the animals were slaughtered.
Qi Tianlong and his wife rescued many villagers from the calamities. But the two of them became tired, were swept away by the floodwaters, their bodies were found in the county in the north, the couple were buried on the banks of the She River. In honor of the couple who saved their lives, the villagers built the Xianyou Tai and Xian You cave in front of the couple's tomb, dedicated to their memory; this touched the Eight Immortals, every winter solstice after the couple's death, the group gathered here and give a wine libation as a sacrifice. 滠水 at Baidu Baike
Milo Ray Baughman, Jr. born in Goodland, was a modern furniture designer. His American designs were unpretentious and affordable. Contemporary furniture designers and dealers continue to copy and revive his work in the new and secondary decorative arts markets. Baughman designed for a number of furniture companies starting in the mid-1940s until his death, including Mode Furniture, Glenn of California, The Inco Company, Pacific Iron, Murray Furniture of Winchendon, Arch Gordon, George Kovacs and Drexel, among others, he is most famous, for his longtime association with Thayer Coggin Inc. of High Point, NC, which began in 1953 and lasted until his death in 2003. He lectured broadly on the state of modern design, extolling the positive benefits of good design on the lives of human beings, helping to define and shape the discussion for years to come. Baughman moved with his family in his infancy to California. At the age of 13, Milo was assigned the task of designing both the interior and exterior of his family's new house.
Following high school he served for four years in the Army Air Forces during World War II, during which time he was active in designing officer's clubs. After the war he returned to Southern California to study product and architectural design at the Art Center School of Los Angeles and at Chouinard Art Institute, which became the California Institute of the Arts. Upon completing his studies, he was hired to work at the Frank Brothers furniture store as an interior and custom furniture designer; the store had the distinction of being the first west coast all-modern specialty store, proved to be a good launch pad for his career. While there, he met Georgia Christensen, who founded and published Furniture Forum, an important early publication on modern design complete with photos, pricing, as well as designer photos and biographies, he left Frank Brothers in 1947 to establish "Milo Baughman Design Inc." and did commissions for Glenn of California and Pacific Iron, helping to place these companies at the forefront of a new California modernist design movement.
The "California Modern" collection created for Glenn of California in 1950 used walnut and aluminum, put forth a distinctive Los Angeles style. Next, the large furniture manufacturer Drexel invited him to their North Carolina headquarters to create three collections. Following this, Murray Furniture of Winchendon Massachusetts introduced "The Milo Baughman Collection" in 1953. During this time, Milo found time to run his own custom design shop with Olga Lee in Los Angeles from 1951–1953. Lee contributed hand printed fabrics, wallpaper and accessories to go alongside Baughman's furniture designs; the Baughman-Lee showroom was located at 744 1/2 North La Cienega Blvd. Los Angeles. In 1953, his 50-year association with Thayer Coggin Inc. began. "In a way and Milo got their start together," according to Dot Coggin, Thayer’s wife and spokeswoman for the 59-year-old furniture business success story. "Milo came here. Thayer was looking for a designer and their relationship began with a handshake agreement."
By the 1960s and 1970s, his new collection was eagerly awaited at the High Point Market every year. Some of his most famous and iconic designs come from this period, including the "951-103" chair, c. 1962, "820–400" chaise, "989–103" Lounge Chair, "955-304" Sofa. He was regarded among his peers, his quick wit and clear reflection were always in demand as he spoke about modern design. In 1965, Baughman converted to The Church of Jesus Christ of Latter-day Saints, was active and passionate about his newfound faith until his death. In 1969, he was invited by Brigham Young University in Provo, Utah to establish the Department of Environmental Design, where he remained chairman and adjunct professor for six years while he continued his professional design business, he split his time between a farmhouse in Virginia and a home in Winston-Salem, NC for twelve years, back to Utah in 1987, where he was a senior lecturer at BYU for another nine years. Baughman has lectured at Rhode Island School of Design, the University of Tennessee, the University of Wisconsin–Madison and North Carolina State, among others.
He remained in Utah where he maintained a professional design studio until his death on July 23, 2003. In addition to the "High Styles" show at the Whitney Museum of Art in New York City, Baughman's furniture has been exhibited in museums and shows throughout the United States, including the Southeastern Center for Contemporary Art in Winston-Salem, NC. Milo Baughman was inducted into the Furniture Designer's Hall of Fame in 1987. Thayer Coggin website Architonic website on Milo Baughman Artnet reference to Milo Baughman Milo Baughman at R20th
In mathematical logic, a judgment or assertion is a statement or enunciation in the metalanguage. For example, typical judgments in first-order logic would be that a string is a well-formed formula, or that a proposition is true. A judgment may assert the occurrence of a free variable in an expression of the object language, or the provability of a proposition. In general, a judgment may be any inductively definable assertion in the metatheory. Judgments are used in formalizing deduction systems: a logical axiom expresses a judgment, premises of a rule of inference are formed as a sequence of judgments, their conclusion is a judgment as well. A characteristic feature of the variants of Hilbert-style deduction systems is that the context is not changed in any of their rules of inference, while both natural deduction and sequent calculus contain some context-changing rules. Thus, if we are interested only in the derivability of tautologies, not hypothetical judgments we can formalize the Hilbert-style deduction system in such a way that its rules of inference contain only judgments of a rather simple form.
The same cannot be done with the other two deductions systems: as context is changed in some of their rules of inferences, they cannot be formalized so that hypothetical judgments could be avoided—not if we want to use them just for proving derivability of tautologies. This basic diversity among the various calculi allows such difference, that the same basic thought must be proven as a metatheorem in Hilbert-style deduction system, while it can be declared explicitly as a rule of inference in natural deduction. In type theory, some analogous notions are used as in mathematical logic; the abstraction in the notion of judgment in mathematical logic can be exploited in foundation of type theory as well. Typed lambda calculus Mathematical logic Martin-Löf, Per. "On the meanings of the logical constants and the justifications of the logical laws". Nordic Journal of Philosophical Logic. 1: 11–60. Dybjer, Peter. "Intuitionistic Type Theory". In Zalta, Edward N.. Stanford Encyclopedia of Philosophy. Pfenning, Frank.
"A judgmental reconstruction of modal logic". Mathematical Structures in Computer Science. 11: 511–540. CiteSeerX 10.1.1.43.1611. Doi:10.1017/S0960129501003322. ISSN 1469-8072. "Judgments in formal systems". Everything2. Pfenning, Frank. "Natural Deduction". 15-815 Automated Theorem Proving. Martin-Löf, Per. "On the meaning of the logical constants and the justifications of the logical laws". Siena Lectures
The 2016 Jubilee Trophy is the national championship for women's soccer clubs in Canada. It was held in St. John's, Newfoundland from October 5–10, 2016. Ten teams were granted entry into the competition; as host and Labrador was permitted a second entry into the competition. This represents an increase of two teams from the eight sides that contested the 2015 Jubilee Trophy. Teams are selected by their provincial soccer associations; the ten teams in the competition are divided into two groups of five teams each, which play a single-game round-robin format. At the end of group play, each team faces the equal-ranked team from the other group to determine a final seeding for the tournament; the final round consists of one game for each club, where they are paired with their equal-ranked opponent from the opposite group to determine a final ranking for the tournament. Canadian Soccer Association National Championships