By Ashish Sareen ( January 2, 2025, 6:10 PM GMT) — Mayer Brown LLP announced on Thursday that it had hired a senior structured-finance lawyer from White & Case LLP in London to add to its strengths representing clients in the private capital market….
Finance
Minnesota voters back half of school finance levies, reelect most board incumbents
About half the Minnesota districts that asked voters for more money on Election Day got it.
In Northfield, the school district’s $121 million three-question funding request saw full approval, meaning school leaders will be able to move forward with building a new gymnasium, classroom addition and geothermal heating and cooling system.
Minneapolis voters OK’d a $20 million technology spending levy for the financially strapped public school district.
Voters across the state were willing to renew existing levies for building maintenance and upgrades, and for technology. It was a different story, though, when they were asked to pay more for day-to-day operating costs.
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Thirty districts this year asked voters to approve levies for daily costs, including 28 that put questions on ballots this week. Only 40 percent of those requests were OK’d — one of the lowest approval rates since 1980.
“One of the things that really stuck out to us is people were willing to vote to maintain. They weren’t interested in increasing their local property taxes,” said Kirk Schneidawind, executive director of the Minnesota School Boards Association.
Schneidawind said he believes that’s a reflection of how Minnesotans feel about the economy.
“The general default for many voters is, ‘I’m going to vote no if I don’t understand it or don’t know about it,’” Schneidawind said. “People, in their mind, the economy, prices of things and costs of things have gone up. And inflation, even though it’s been coming down, it’s still impacting their pocketbook. And I think perhaps folks saw that or felt that and weren’t supportive of new increases for our public schools.”
Statewide, 45 districts put some sort of financial question on their local ballots this year with 51 percent approved.
School boards
More than 300 Minnesota school districts sought to fill open school board seats this election. In places where incumbents were on the ballot, voters elected to keep them at a rate of nearly 87 percent.
While this year’s competition wasn’t as intense as in recent years, many districts had multiple candidates on their ballots. Behind those candidates were organizations spending time and money on training and endorsements.
The Minnesota Parents Alliance, a conservative organization launched in 2022, endorsed nearly 130 candidates in 56 Minnesota districts in its voter guide. Teacher unions backed nearly 100 candidates in 33 districts. The School Board Integrity Project, a progressive organization launched last year, endorsed 45 candidates in 27 districts.
In the 29 districts where there were candidates from both the Minnesota Parents Alliance and the teachers union or School Board Integrity Project facing off, 31 Minnesota Parents Alliance-endorsed candidates won and 50 union or School Board Integrity Project-endorsed candidates won.
Education Minnesota president Denise Specht claimed victory in an emailed statement, saying union-backed candidates won nearly 75 percent of their races.
Leaders of the Minnesota Parents Alliance also focused on wins, pointing to wins in 56 percent of races with endorsed candidates and seats gained in 47 school boards and majorities gained on boards in Elk River, Lakeville, Forest Lake and Prior Lake, MPA leader Cristine Trooien said in a statement.
Here are the results in a few districts MPR News tracked on Tuesday.
Prior Lake-Savage
In 2022, the open seats on this suburban district’s school board were hotly contested by opposing slates of candidates who staked out sides in a tug of war that involved organized parent groups, teacher unions, networks of political donors and families worried school equity efforts were in jeopardy.
This year there were six candidates running for three open seats. The candidates — just one of whom was seeking reelection — were divided into those backed by the local teacher union versus those who received endorsements from the Minnesota Parents Alliance.
Two of the Minnesota Parents Alliance candidates won, backed by a local parents group that sank at least $1,800 in the election. Just one union-endorsed candidate won, meaning this school board, come January, will be led by a majority of MPA-endorsed candidates.
Voters in this district also rejected the school system’s request for a levy to help pay for daily operations.
Brainerd
In Brainerd, there were seven candidates running for three seats. Only one didn’t secure endorsements from either the Minnesota Parents Alliance or the local teacher union. All union-endorsed candidates were incumbents. Of those, two won reelection. The third open seat was filled by a Minnesota Parents Alliance-backed candidate.
In the 2022 election cycle, Brainerd saw a frenzy of school board campaign spending with candidates racking up nearly $80,000 in disbursements on advertising, mailers and signs. This year, the spending has come way down and is now closer to $11,000.
The three election winners will oversee a district serving at least 6,000 students in north-central Minnesota.
Fergus Falls
Nine candidates were running to fill three seats in this west-central Minnesota district where nearly 3,000 students attend school. Three union-endorsed candidates, supported by about $2500 in union campaign spending, beat out three Minnesota Parents Alliance-endorsed candidates.
Lakeville
In Lakeville, nine candidates vied to fill three seats on a board overseeing district-level decisions for more than 12,000 students in this Twin Cities outer ring suburb.
Campaign finance reports from August and September show close to $20,000 spent on the board elections, mostly from the teachers union. The six endorsed candidates were backed by either the local teachers’ union or the Minnesota Parents Alliance, none of whom are incumbents.
One union candidate and two Minnesota Parents Alliance candidates won, meaning alliance-backed members will hold a board majority come January.
Osseo
In the Twin Cities suburban district of Osseo, there were six candidates running to fill three open board seats. None of the candidates were incumbents. They raised at least $9,000 between them for websites, business cards, flyers, T-shirts, signs and other campaign spending.
This district’s current board has been the site of clashes over policies regarding gender inclusion, instruction and LGBTQ+ pride flags.
On Tuesday voters backed two union and School Board Integrity Project candidates and one Minnesota Parents Alliance candidate.
St. Francis
In St. Francis, in the northern Twin Cities exurbs, there were 10 candidates running for four open school board seats. The Minnesota Parents Alliance and local teachers union each endorsed four candidates, none of whom was an incumbent.
The winners were evenly split — two union-endorsed candidates and two Parents Alliance-endorsed candidates won.
Rosemount-Apple Valley-Eagan
This metro-area district saw two candidates competing in a special election to fill a single school board seat. The local teachers union spent more than $90,000 to support their endorsed candidate, who won the seat.
Finance
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Finance
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Finance
Shamsud Din Jabbar’s tragic decline: $120k job, debt, failed marriages and radicalization behind New Orleans attack | World News – Times of India
Shamsud Din Jabbar, the 42-year-old behind the deadly New Year’s Eve attack in New Orleans, had a stable job as an employee at the prominent accounting firm Deloitte, reportedly earning an annual salary of $120,000. However, despite his relatively high-paying position, Jabbar’s life was marked by financial turmoil that escalated during his second divorce in 2022.
A high-earning professional struggling with debt
New York Post reports reveal that Jabbar, who had a background in IT and military service, was deeply in debt. In emails to his ex-wife’s lawyer, Jabbar admitted to owing over $27,000 in overdue home payments and stated he was at risk of foreclosure. Furthermore, he confessed to racking up more than $16,000 in credit card debt while paying court fees and expenses for a second home. His real estate business, which he had hoped would provide a financial lifeline, had suffered a staggering loss of more than $28,000 the previous year.
A fall from stability to squalor
Jabbar’s personal life took a dramatic turn after his second divorce. He had been married twice and had faced ongoing financial struggles, including child support disputes with his first wife, who sued him in 2012. Despite his job at Deloitte and his military service, Jabbar’s financial issues pushed him to a breaking point.
In the years following his military service, Jabbar’s situation deteriorated, and he found himself living in a dilapidated trailer park in Houston, Texas. The once-promising professional now lived in squalor, surrounded by sheep and goats in his yard. His neighbors, many of whom were Muslim immigrants, knew little about him, with one describing Jabbar as a “simple person” who kept to himself, reported the Post.
From military service to terror
Jabbar’s journey from a decorated military veteran to a terrorist suspect is as complex as it is tragic. He served in the US Army for over a decade, deploying to Afghanistan, where he worked as an IT specialist. He left the Army in 2015 as a staff sergeant after serving both active duty and as a reservist. Despite the stability of his military career, Jabbar struggled with personal and financial issues that seemed to worsen over time.
In a 2020 YouTube video promoting his real estate business, Jabbar portrayed himself as a dependable and trustworthy Texan. However, in the months leading up to the New Orleans attack, he reportedly became more isolated and radicalized. The FBI revealed that Jabbar had made references to the Quran and was reportedly influenced by ISIS ideology, a connection underscored by an ISIS flag found on the truck he used during the attack.
A deadly attack on New Year’s eve
On New Year’s Day, Jabbar carried out a premeditated terror attack, driving a rented Ford F-150 truck into a crowd on Bourbon Street, killing 15 people. Following the attack, he exchanged gunfire with police officers and was killed during the confrontation. Authorities confirmed that Jabbar had an ISIS flag on his vehicle, and law enforcement is continuing to investigate potential accomplices.
Jabbar’s financial struggles, marital issues, and apparent radicalization have painted a picture of a man who spiraled from a successful career and military service to a life of financial ruin and violent extremism.
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