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The ESOP Association CEO James Bonham to Testify at Congressional Hearing on Restoring Trust at the DOL's Employee Benefits Security Administration
The ESOP Association CEO James Bonham to Testify at Congressional Hearing on Restoring Trust at the DOL's Employee Benefits Security Administration

Business Wire

time4 days ago

  • Business
  • Business Wire

The ESOP Association CEO James Bonham to Testify at Congressional Hearing on Restoring Trust at the DOL's Employee Benefits Security Administration

WASHINGTON--(BUSINESS WIRE)--James Bonham, President and CEO of The ESOP Association, has been invited by U.S. Rep. Tim Walberg, Chair of the House Education & Workforce Committee, to provide testimony at a subcommittee hearing titled 'Restoring Trust: Enhancing Transparency and Oversight at EBSA.' 'EBSA's anti-ESOP bias is well documented and a serious threat to ESOPs, plan participants, and fiduciaries." Bonham will address the longtime systemic anti-ESOP bias at EBSA, how abusive investigative practices have caused a chilling effect on ESOP formation in contravention of Congress's bipartisan intent, and how Congressional action and oversight can help curb such abuses. Bonham will specifically highlight the practice of secret common interest agreements, where taxpayer resources are used to subsidize private law firms and plaintiffs' attorneys' class action lawsuits against employee benefit plan sponsors and fiduciaries. The ESOP Association has been concerned by these agreements for some time, which were first brought to light in an ESOP case currently under litigation. The DOL Inspector General announced an investigation into the matter last month. Bonham will also share concerns about never-ending investigations, indiscriminate 'dragnet' style investigative tactics, and EBSA's continued practice of regulation by litigation that has led to arbitrary and capricious enforcement of unwritten rules. 'EBSA's anti-ESOP bias is well documented and a serious threat to ESOPs, plan participants, and fiduciaries. Members of Congress want to see employee ownership flourish in the United States, but this is deeply curtailed by EBSA's practices,' said Bonham. 'The ESOP Association thanks Education & Workforce Chair Tim Walberg and Subcommittee Chair Rick Allen (GA) for holding this hearing and allowing these concerns to be raised publicly and on the record, and we urge the Congress to take the necessary action to protect the future of ESOPs and employee ownership.' There are currently two bills pending action in the Education & Workforce Committee that would serve to create greater accountability at EBSA. The EBSA Investigations Transparency Act (HR 2869), introduced by Rep. Lisa McClain (MI), would require EBSA to submit an annual report to Congress on the status of open investigations. The Balance the Scales Act (HR 2958), introduced by Rep. Michael Rulli (OH), would require EBSA to disclose all common interest agreements it has entered into. The ESOP Association strongly supports both bills, and its advocates made these issues a priority during the Association's annual ESOP Advocacy Day on Capitol Hill in May. About The ESOP Association The ESOP Association is the largest organization in the world supporting employee-owned companies, the more than 10 million U.S. employees who participate in an ESOP, and the professionals who provide services to them. Headquartered at the International Employee Ownership Center in Washington, DC and operating as a 501(c)6 organization with the affiliated Employee Ownership Foundation, The ESOP Association conducts and funds academic research, provides more than 160 annual conferences and events attended by nearly 15,000 individuals, and advocates on behalf of employee owners and their businesses to federal and state lawmakers.

Telus (TU) Gets a Hold from Barclays
Telus (TU) Gets a Hold from Barclays

Business Insider

time6 days ago

  • Business
  • Business Insider

Telus (TU) Gets a Hold from Barclays

In a report released on July 17, Lauren Bonham from Barclays maintained a Hold rating on Telus, with a price target of $15.00. The company's shares closed yesterday at $16.24. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Bonham is an analyst with an average return of -18.2% and a 0.00% success rate. Bonham covers the Communication Services sector, focusing on stocks such as BCE, Rogers Communication, and Telus. In addition to Barclays, Telus also received a Hold from Canaccord Genuity's Aravinda Galappatthige in a report issued on July 9. However, on July 15, Scotiabank maintained a Buy rating on Telus (NYSE: TU). TU market cap is currently $24.99B and has a P/E ratio of 28.80. Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TU in relation to earlier this year.

City Vision Opposes Helipads In Residential Areas
City Vision Opposes Helipads In Residential Areas

Scoop

time10-07-2025

  • Politics
  • Scoop

City Vision Opposes Helipads In Residential Areas

City Vision does not support private helipads in residential areas – the impacts on direct neighbours and wider neighbourhoods are too great. Julie Fairey, Councillor for Albert-Eden-Puketāpapa, and our team in Waitematā, are appalled that the consent for the new helipad in Rawene Avenue, Westmere has been granted in the face of council and community opposition. 'It was disappointing, and surprising, to see independent commissioners approve the new helipad in Westmere. Although it's outside my ward the noise travels to Pt Chevalier so has an impact on my constituents and I attended Helen White MP's meeting with Quiet Sky Waitematā in November. The discussion about the effects on neighbours and the environment were very concerning' says Fairey. 'It seems absurd commissioners equated the noise from a helicopter with that of a motorbike or a bus (assumedly diesel and we are phasing those out!).' City Vision is focused on working towards an enduring solution for the community on the broader issue of helipads in residential areas of Auckland, as well as identifying how to best support those who wish to oppose the specific approval given for the Westmere site. City Vision member on the Waitematā Local Board Alex Bonham has been working on this issue for some time, including presenting at the hearing to oppose the granting of the consent for Rawene Avenue. 'The impact of noise pollution on a growing urban population and all waterfront users is a problem that will only get worse' says Bonham. 'Impacts on neighbours and users of the beaches and coastline include rotor wash (down draught) and distressing noise. The environmental impacts on beaches, the foreshore and coastal bird habitats are irreversible. Once granted, helicopter consents in perpetuity will permanently destroy peaceful neighbourhoods, waterfronts and biodiverse habitats.' Bonham and Fairey have supported work already underway to tighten rules for helicopter use in residential areas, including a current plan change for operations in the Hauraki Gulf. Waitemata & Gulf ward candidate for City Vision, Patrick Reynolds, shares these concerns. 'City Vision will work to do what is necessary to fix the Auckland Unitary Plan during next year's review, working alongside the community and interested parties to protect residential areas and the environment' says Reynolds. City Vision representatives, including Bonham and Reynolds, will be at Quiet Sky Waitematā Public Meeting on Thursday 10th July at 7pm at Hawke Sea Scout Hall, 55 West End Road.

Boston Celtics jersey history No. 21 - Ron Bonham (1964-66)
Boston Celtics jersey history No. 21 - Ron Bonham (1964-66)

USA Today

time22-06-2025

  • Sport
  • USA Today

Boston Celtics jersey history No. 21 - Ron Bonham (1964-66)

The Boston Celtics have had players suiting up in a total of 68 different jersey numbers (and have three others not part of any numerical series) since their founding at the dawn of the Basketball Association of America (BAA -- the league that would become today's NBA), worn by well over 500 players in the course of Celtics history. To commemorate the players who wore those numbers, Celtics Wire is covering the entire history of jersey numbers and the players who sported them since the founding of the team. With 25 of those jerseys now retired to honor some of the greatest Celtics to wear those jerseys, there is a lot of history to cover. And for today's article, we will continue with the ninth of nine people to wear the No. 21, Boston wing alum Ron Bonham. After ending his college career at Cincinnati, Bonham was picked up with the 18th overall selection of the 1964 NBA draft by the Celtics. The Muncie, Indiana native would play the first two seasons of his pro career with Boston before temporarily retiring from the league, winning two titles with the team in a reserve role in that stretch. During his time suiting up for the Celtics, Bonham wore only jersey No. 21 and put up 6.3 points and 1.5 rebounds per game. All stats and data courtesy of Basketball Reference.

5 best classic rock tracks to test your new headphones
5 best classic rock tracks to test your new headphones

Tom's Guide

time16-06-2025

  • Entertainment
  • Tom's Guide

5 best classic rock tracks to test your new headphones

So you just got a new pair of the best wireless headphones. Lucky you! You're now unconstrained by wires, tethered by a 30-year-old connection standard, and you might even have futuristic tech that blocks out all the noise. But, as you pull them from their cardboard prison, you glance at the Led Zeppelin Fallen Angel poster on your wall; 'What's the best classic rock track that I can test these puppies out with?' Well, wonder no more — I am both an insufferable audio nerd and a fan of classic rock music. Here are the 5 best tracks that I use to test headphones, thanks to their sound quality, stereo recording, or specific strength that puts your headphones through the ringer. So get the best music streaming services running — we're going on a trip to the seventies, baby. Don't forget your corduroy. From $10.83 per month If you're looking for the best way to listen to your classic rock tracks, look no further than Qobuz. It's full of all your favorite tracks and boasts the best streaming quality that Tom's Guide has ever heard. In fact, it's what the Tom's Guide testing team uses to test all the headphones we get in for review! Led Zeppelin IV is chock full of some of the best classic rock to ever grace the ears of a headbanger — and while Stairway would normally be a go-to for most (and banned in Guitar Center), Misty Mountain Hop is my choice for testing headphones. It's all down to the rock n' roll beat, immaculate seventies stereo separation, and the expansive soundstage. Before the days of Dolby Atmos and other spatial audio formats, acts wanted to play with two-channel stereo recording to see just what it was capable of. I'm not sure many acts played with it quite like Led Zeppelin — screeching guitars that dance between left and right in the likes of Whole Lotta Love, dancing moans in Lemon Song… you get the picture. But Misty Mountain Hop uses stereo to make the music sound bigger and more layered. I want to see if my new headphones can separate the guitars at the beginning of the track, and nail the vocals directly into the center of the mix. I want to hear the drums move from ear to ear, as Bonham dances across the kit. I want the track to feel huge — and some of that is down to the headphones and their ability to widen a soundstage and replicate the stereo mix with precision. I'll admit, part of this list is just me showing my knowledge of various classic rock acts and their back catalogue. Could I have chosen Shine On You Crazy Diamond or Money as quintessential tracks to test your headphones? Yes, but they're not as fun as the final track on Atom Heart Mother. For 13 minutes, Pink Floyd make you wonder what you want for breakfast, as the (presumably) titular Alan goes about his morning, intertwined with various trippy musical interludes. This is another stereo mix that I like to use. I want to make sure that when Alan is pouring his cornflakes, the left channel is completely silent, before the plucked guitar line picks itself up from the studio floor. The placement of Gilmore's restrained solo needs to be smack bang in the center of the mix, and the steady warming of the track has to build with each low note. The voice that comes in around the seventh minute needs to be just out of earshot, and crackling bacon needs to sound like it's next to me. It's a bizarre fever dream, and the weird, occasional loud voice has to be really loud. Headphones lacking in dynamics often struggle with Alan's Psychedelic Breakfast, so I use it every time. Apart from being one of the most heartfelt love songs ever written, Knights In White Satin is a great way to test how dynamic a pair of headphones is. While not the highest fidelity, it goes from calm and restrained to huge and orchestral in the blink of an eye — and I need my headphones to keep up. The drums need to move from earcup to earcup, and the strange vocal affectations need to be clear and high without being fatiguing and dominating. The bass guitare needs plenty of body, and the track needs to sound huge as the instruments layer onto each other. It's song sung and played from the heart — and I want to hear and feel every beat from my headphones. I am not immune to Geddy Lee's rock epic. Not only is it a wonderful showcase of what rock was becoming in the dawn of the eighties, but it's also a great way to test out your newest pair of wireless headphones. It's big, loud, a little bit silly, and loads and loads of prog-rock fun. From that first synth drop and the instantly catchy drum beat to the closing seconds as the music fades back to silence, there's plenty for a good pair of headphones to get their teeth into. It's detail that I'm looking for when I listen to Tom Sawyer. The cymbals of the drums need to be detailed and precise, and while Lee's almost falsetto vocals need to be high without being too piercing. Then there's the drum beat. The drums are set up tight, with a fairly sharp snare tone. It needs to sound quick — some headphones struggle with timing, and the snare often ends up feeling flabby. Finally, there's that guitar solo that, like the cymbals, needs to be just on the tolerable side of piercing. It is a high note — that is unavoidable — but it shouldn't sound like it's detracting from the rest of the track. Whenever Ann Wilson opens her mouth, brilliance emerges. Magic Man's perfect rock n' roll beat and twanging guitars are a great example, and the perfect way to test how rhythmic your headphones are — and Wilson's voice makes a great test for the vocal clarity of your cans. It also happens to be an excellent piece of seventies rock, reminding you that Robert Plant didn't have a patent on soaring rock vocals throughout the decade. The drums need to be well-timed in your headphones. They're another tight rock and roll kit, and some headphones aren't as exacting in pulling out all their resolution. Similarly, the guitar part needs to be wide and warm, while Wilson's vocals move across the frequency range. Then there's the bongo drum — it has a habit of disappearing with some headphones, overlaid and forgotten by the rest of the ensemble. This is an exacting track, and your headphones need to keep up to give you that 70s rock kick.

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