Robert C. Davidson, Jr. Re-elected, Third Term as Chairman of the Board of Trustees at Art Center College of Design

first_img 8 recommended0 commentsShareShareTweetSharePin it First Heatwave Expected Next Week Education Robert C. Davidson, Jr. Re-elected, Third Term as Chairman of the Board of Trustees at Art Center College of Design Alumnus and lynda.com Co-founder Bruce Heavin Joins Board From STAFF REPORTS Published on Friday, June 20, 2014 | 3:34 pm Herbeauty11 Signs Your Perfectionism Has Gotten Out Of ControlHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeautyTiger Woods’ Ex Wife Found A New Love PartnerHerbeautyHerbeautyHerbeauty9 Gorgeous Looks That Have Been Classic Go-tos For DecadesHerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeauty Subscribe Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Business News Name (required)  Mail (required) (not be published)  Website  More Cool Stuff Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Make a commentcenter_img Your email address will not be published. Required fields are marked * Top of the News Community News Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday The Board of Trustees of Art Center College of Design announced today that Robert C. Davidson, Jr. has been re-elected to a third term as board chairman. The unanimous vote of confidence by his peers represents an endorsement of his exceptional leadership, deep commitment to the strategic growth of the College and unwavering dedication to delivering the best education possible to each individual student.Davidson is the first African-American to serve as board chairman at Art Center, and among the first African-Americans to assume Board leadership of a member institution within the Association of Independent Colleges of Art and Design.“It’s abundantly clear that the College—and the Board itself—has thrived under Bob’s leadership,” said Dr. Lorne M. Buchman, president of Art Center. “The Board and I unanimously voted to re-elect him to ensure the forward momentum he has so thoughtfully facilitated.”“My guiding principal in every decision we make is always to ask how will this strengthen student learning,” said Davidson. “It is paramount that we provide our future creative leaders with resources to maximize their long-term success.”Davidson has served on the Board since 2004. As chairman since 2010, he has contributed significant guidance and oversight to numerous committees, including Executive, Advancement and Lead Gifts, Audit, Governance and Compensation. During his Board chairmanship, the College initiated a five-year strategic plan already realized, in part, through the launch of four new degree programs, thoughtful campus expansion, Board growth and engagement, and record-breaking financial support from Board members and alumni.The Board also announced today the election of Art Center alumnus and lynda.com co-founder Bruce Heavin as a Trustee. Heavin, who earned a Bachelor of Fine Arts in Illustration, will serve on the Board’s Academic Affairs and Facilities committees.“I’ve realized that everything the College has achieved in recent years is in direct support of its students,” Heavin said. “I’ve been a staunch advocate and longtime supporter of my alma mater, and now it’s especially rewarding to join the Board during this important era of growth and advancement in Art Center’s history.”“Bruce’s knowledge and expertise will be extremely valuable as the College builds a robust curriculum in the virtual space online,” said Fred Fehlau, provost at Art Center. “The goal is to make our unique brand of rigorous art and design education available to the global community of students who desire to become the culture makers, professional influencers and leaders of the creative economy.”About Art Center College of DesignFounded in 1930 and located in Pasadena, California, Art Center College of Design (artcenter.edu) is a global leader in art and design education. Art Center offers 11 undergraduate and six graduate degrees in a wide variety of visual and applied arts as well as industrial design disciplines. In addition to its top-ranked academic programs, the College also serves members of the Greater Los Angeles region through a highly regarded series of year-round educational programs for all ages and levels of experience. Renowned for both its ties to industry and its social impact initiatives, Art Center is the first design school to receive the United Nations’ Non-Governmental Organization (NGO) status. Throughout the College’s long and storied history, Art Center alumni have had a profound impact on popular culture, the way we live and important issues in our society. EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,PCC – EducationVirtual Schools PasadenaDarrell Done EducationHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

FHFA, Nomura Trial Expected to Continue for a Month

first_img Demand Propels Home Prices Upward 2 days ago The trial in the case of FHFA vs. Nomura Holdings over claims that the bank misrepresented mortgage-backed securities to Fannie Mae and Freddie Mac in the run-up to the financial crisis is expected to last for at least a month, according to a report from Reuters.Judge Denise Cote, overseer of the non-jury trial which began Monday in the U.S. District Court of the Southern District of New York in Manhattan, said she may schedule closing arguments for the trial on April 8, according to the report.FHFA is seeking $1.1 billion in damages. The Agency alleges it suffered monumental losses when the sponsor of the mortgage-backed securities, Nomura, and the securities’ underwriter, Royal Bank of Scotland, did not follow underwriting guidelines on 68 percent of a sample of a bundle of securities backing more than $2 billion worth of mortgages sold to the GSEs prior to the financial crisis of 2008.A lawyer for FHFA said in Monday’s opening statements that Nomura and RBS were “very willing participants” in a scheme to defraud the GSEs, which precipitated the financial crisis. A lawyer from Nomura responded by saying that “no falsehoods were made” and that any losses FHFA suffered were due to declines in the housing market that were unforeseeable, according to the report.Nomura, which is headquartered in Japan and is one of the world’s biggest banks, is the first financial institution to go to trial out of the 18 lenders FHFA sued in 2011 to recoup U.S. taxpayer costs following the government’s $188 billion bailout of Fannie Mae and Freddie Mac in 2008, after which the government seized control of both Enterprises. The only other financial institution out of the 18 that has not settled with FHFA is Royal Bank of Scotland, which is expected to go to trial sometime next year if no settlement is reached. The other 16 lenders have paid a combined total of about $24 billion to settle with FHFA, including $9.3 billion paid by Bank of America in March 2014. The Best Markets For Residential Property Investors 2 days ago About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago FHFA, Nomura Trial Expected to Continue for a Month Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Related Articles Tagged with: FHFA Mortgage-Backed Securities Nomura Holdings  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Consumer Advocates Concerned Over Non-Borrowing Spouses Facing Foreclosure Next: DS News Webcast: Tuesday 3/17/2015center_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago FHFA Mortgage-Backed Securities Nomura Holdings 2015-03-16 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. March 16, 2015 1,325 Views Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / FHFA, Nomura Trial Expected to Continue for a Month The Best Markets For Residential Property Investors 2 days ago Subscribe in Daily Dose, Featured, News, Secondary Marketlast_img read more