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The Finke Finance Labs at TAMUC Invest in Student Success – Ksst Radio

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The Finke Finance Labs at TAMUC Invest in Student Success – Ksst Radio

The Finkes’ $1 million endowment provides invaluable resources for business students.

COMMERCE, TX, Sept. 23, 2024—Texas A&M University-Commerce hosted a special dedication ceremony on Thursday, September 12, to celebrate the renaming of two finance labs in the College of Business. The Nathan and June Finke Finance Labs are located on the university’s main campus and at A&M-Commerce at Dallas.

In 2023, Nathan and June Finke generously committed $1 million to support the finance labs and provide other invaluable resources for business students. The dedication was a heartfelt tribute to the couple’s enduring commitment to higher education and joyful spirit of giving. Faculty, staff, students and guests packed into the finance lab to share in the celebration. Special guests included June Finke, niece Ann Marie Roberts and nephew Craig Roberts, executive vice president of Guaranty Bank & Trust. Several other family members were also in attendance, many of whom are A&M-Commerce alumni.

Attendees at the Finke Finance Labs Dedication Photo by Tyler Holloway A&M-Commerce Marketing and Communications

A collaborative learning space

The Finke Finance Labs offer collaborative spaces where students can engage in hands-on learning as they prepare for their business careers. They enable students to achieve personal financial literacy and learn wealth management and investment strategies using cutting-edge tools.

The lab on the Commerce campus features 24 state-of-the-art computer stations, whiteboard workspaces, and a stock ticker broadcasting the latest stock market information. The Dallas finance lab offers similar amenities, ensuring students at both locations benefit equally from this incredible resource.

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Enhanced education for business students

The Finkes’ gift will significantly enhance the educational experience for business students. It will support student scholarships as well as operations, programming and staffing in the finance labs.

FactSet data platform

A major highlight of the Finke’s gift is a subscription to FactSet, a powerful financial data platform. This resource allows students to access real-time global market data, research historical market data and manage investment portfolios.

Scott Wheeler, interim dean of the College of Business at A&M-Commerce, emphasized that students may access FactSet from their computers wherever they are, not just in the finance labs.

“It’s a very deep tool that is used by professional analysts in the real world,” he said.

Student-managed fund

Notably, the Finkes’ gift will also establish a student-managed investment fund. The fund will allow business students to make real investment decisions using FactSet data under faculty guidance.

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“The student-managed fund will help differentiate our university and put us in a league with some of the biggest and best business schools where students actually manage real money so that they can grow it and turn it into something bigger and more beneficial for future students,” Wheeler said.

LinkedIn and social media labs

Other unique offerings in the finance labs will include LinkedIn labs where students can build their professional online presence, and social media labs to support student organizations. The labs will also host business classes and tutoring for business math.

Attendees at the Finke Finance Labs Dedication Photo by Tyler Holloway A&M-Commerce Marketing and Communications II
Attendees at the Finke Finance Labs Dedication Photo by Tyler Holloway A&M-Commerce Marketing and Communications II

A spirit of joyful giving

The Finke’s gift is not their first to A&M-Commerce. Over the years, they have established numerous endowments and scholarship programs, as well as The Lion Food Pantry. Through prudent long-term investing, they have assisted students with their financial needs and provided transformational educational opportunities.

At the dedication, Devin Girod, vice president for Philanthropy and Engagement at A&M-Commerce, emphasized that the Finkes’ joyful spirit of generosity has impacted thousands of students over the years.

“I rarely see people that embody the spirit of joyful and generous giving [as much] as June and Nathan,” Girod said.

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Investing in others

Beyond philanthropy, the Finkes hope to inspire the next generation of leaders and givers. Wheeler emphasized that the skills students gain in the finance labs will empower them to follow in the Finkes’ footsteps of financial success and generosity.

“Nathan Finke’s favorite quote was ‘You work to make a living; you invest to make money,’ Wheeler said. “The Finke Finance Labs will further Nathan and June’s goals of teaching people how to make money so they can do good things with it. And that’s where I think their gift is going to have the greatest impact.”

Honoring the Finkes

Nathan, a 1970 Texas A&M University graduate, earned a Bachelor of Business Administration in Finance on a tennis scholarship and went on to build a successful career in institutional investment management. His career took him to prominent institutions such as First National Bank, Bank One, and U.S. Trust Company in Dallas. Sadly, Nathan passed away on November 29, 2023, just a day after his 76th birthday.

June graduated from East Texas State University (now A&M-Commerce) in 1969 with a Bachelor of Science in English and History/Secondary Education. She later became a government bond trader at First National Bank in Dallas, where she met Nathan. They married in 1971 and shared a large extended family, including nine nieces and nephews and 20 great-nieces and nephews.

Nathan was an avid fisherman who enjoyed trips to Alaska and Canada. June loves spending time with family, traveling, reading and playing bridge. Nathan’s passing was a great loss, but his and June’s enduring legacy of supporting education will make a difference for future generations.

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June Finke and family members at the Finke Finance Labs Dedication Photo by Tyler Holloway A&M-Commerce Marketing and Communications
June Finke and family members at the Finke Finance Labs Dedication Photo by Tyler Holloway A&M-Commerce Marketing and Communications

A lasting legacy

The Nathan and June Finke Finance Labs are more than just physical spaces. They represent the Finkes’ deep commitment to empowering students and making financial education more accessible. The Finkes’ transformative gift will enrich the lives of countless students, preparing them to invest in their futures with knowledge and confidence.

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Finance

Departing inspector general targets Council Office of Financial Analysis

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Departing inspector general targets Council Office of Financial Analysis

The $537,000-a-year office created in 2014 to advise the City Council on financial issues and avoid a repeat of the parking meter fiasco has failed to deliver on that mission, the city’s chief watchdog said Tuesday.

Days before concluding her four-year term, Inspector General Deborah Witzburg said a shortage of both adequate staff and financial information closely held by the mayor’s office prevents the Council’s Office of Financial Analysis from helping the Council be the the “co-equal branch of government” it aspires to be.

In a budget rebellion not seen since “Council Wars” in the 1980s, a majority of alderpersons led by conservative and moderate Democrats rejected Mayor Brandon Johnson’s corporate head tax and approved an alternative budget, including several revenue-generating items the mayor’s office adamantly opposed.

But Witzburg said the renegades would have been in an even better position to challenge Johnson if only their financial analysis office had been “equipped and positioned to do what it’s supposed to do” — provide the Council with “objective, independent financial analysis.”

“We are entering new territory where the City Council is asserting new, independent authority over the budget process. It can’t do that in a meaningful way without its own access to financial analysis,” Witzburg told the Chicago Sun-Times.

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Chicago Inspector General Deborah Witzburg’s latest report focuses on the Chicago City Council’s Office of Financial Analysis.

Jim Vondruska/Jim Vondruska/For the Sun-Times

But the Council’s financial analysis office, she added, “has never been equipped or positioned to do what it needs to do. It needs better and more independent access to data, and it needs enough staff to do its job. It has a small number of employees and comparatively limited access to data.”

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The inspector general’s farewell audit examined the period from 2015 through 2023. During that time, the financial analysis office budget authorized “either three or four” full-time employees. It now has a staff of five .

Witzburg is recommending a staffing analysis to identify how many people the financial office really needs — and also recommending that the office “get data directly” from other city departments, “ rather than having it go through the mayor’s office.”

The audit further recommends that the office develop “better procedures to meet their reporting requirements” in a timely manner. As it stands now, reports are delivered “sometimes late, sometimes not at all,” the inspector general said.

“We find that those reports have been both not timely and not complete in terms of what they are required to report on and that those reports therefore have provided limited assistance to the City Council in its responsibility to make decisions about the city’s budget,” she said.

The Council Office of Financial Analysis responded to the audit by saying it hopes to add at least three full-time staffers in the short term and has made “some progress” over the last three years in improving their access to data, but not enough.

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The office was created in 2014 to provide Council members with expert advice on fiscal issues.

For nearly two years the reform was stuck in the mud over whether former 46th Ward Ald. Helen Shiller had the independence and policy expertise to lead the office.

Shiller ultimately withdrew her name, but the office was a bust nevertheless. In an attempt to breathe new life into it, sponsors pushed through a series of changes.

Instead of allowing the Budget chair alone to request a financial analysis on a proposal impacting the city budget, any alderperson was allowed to make that request.

The office was further required to produce activity reports quarterly, not just annually.

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Now former-Budget Chair Pat Dowell (3rd) then chose Kenneth Williams Sr., a former analyst for the office, as director and gave him the “autonomy” the ordinance demanded.

Two years ago, a bizarre standoff developed in the office.

Budget Committee Chair Jason Ervin (28th) was empowered to dump Williams after Williams refused to leave to make way for a director of Ervin’s own choosing.

The standoff began when Williams said he was summoned to Ervin’s office and told the newly appointed Budget chair was “going in a different direction, and I’m putting you on administrative leave” with pay.

“He took all my credentials and access away. I would love to come to work. I wasn’t allowed to come to work,” Williams said then.

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Williams collected a paycheck for doing nothing while serving out the final days remainder of a four-year term.

Ervin’s resolution stated the director “may be removed at any time with or without cause by a two-thirds” vote or 34 alderpersons. He chose Janice Oda-Gray, who remains chief administrator.

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Finance

Reilly Barnes Returns to Little League® as Purchasing/Finance Assistant

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Reilly Barnes Returns to Little League® as Purchasing/Finance Assistant

Little League® International has announced that Reilly Barnes accepted a new role as Purchasing/Finance Assistant, effective April 6, 2026. Barnes transitions from a temporary Purchasing Assistant to this full-time position to assist in the year-round demands of purchasing for the organization, as well as the region and Little League Baseball and Softball World Series tournaments. 

“We are thrilled to welcome back Reilly to our team as a full-time Purchasing/Finance Assistant. Reilly’s prior experience, time management, and attention to detail make him an invaluable asset to the purchasing team,” said Nancy Grove, Little League Materials Management Director. “We look forward to the positive contributions he will have on our organization.” 

In this role, Barnes will be responsible for processing purchase requisitions, coordinating souvenir products, and tracking order fulfillment. He will also assist with evaluating suppliers, reviewing product quality, and negotiating contracts for effective operations.  

After most recently working as a Logistician Analyst at Precision Air in Charleston, South Carolina, Barnes, a Williamsport native, returns after honing his skills in the fast-paced environment. Prior to his time at Precision Air, Barnes served as a Procurement Specialist at The Medical University of South Carolina, where his expertise and knowledge were instrumental in supporting both education and healthcare needs.  

“I am thrilled to return to Little League in this full-time role,” said Barnes. “Coming back to my hometown and having the opportunity to work for an organization that has played such a special part of my upbringing means a lot. I can’t wait begin this new opportunity.” 

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Barnes graduated from the University of Pittsburgh in 2022 with a B.A. in Supply Chain Management, Finance, and Business Analytics.  

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Finance

Why this sleepy Swiss town has become a ‘bolt-hole’ for the Gulf elite

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Why this sleepy Swiss town has become a ‘bolt-hole’ for the Gulf elite

As conflict continues to destabilise the Middle East, the Gulf States elite are seeking solace in European alternatives that offer comparable financial benefits with a far lower risk of war on the doorstep. One such destination is the small Swiss town of Zug, which is becoming a “bolt-hole” for Gulf-based wealth, said the Financial Times.

‘Swiss Monaco’

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