среда, 14 марта 2012 г.

ICBA applauds SEC for extension under SOX 404(b)

The Independent Community Bankers of America has applauded the Securities and Exchange Commission for extending the date by which non-accelerated filers must begin to comply with the Sarbanes Oxley Section 404 (b) requirement to provide an auditor's attestation report on internal controls.

"We commend the SEC for extending the deadline for non-accelerated filers" said Karen Thomas, ICBA executive vice president for government relations. "The extension will not only mean lower auditing fees next year for many community banks and other smaller companies, but will allow them an additional year to consider, and adapt to, the proposed changes in …

Washington St. Eyeing Rare Pac-10 Title

Now that No. 8 Washington State has defended its home court and finally beaten Oregon, it's time to hit the road. Up next for the No. 8 Cougars: A trip to the Arizona schools as they try to win their first conference title since 1941.

"In this conference race, you have to protect home court," coach Tony Bennett said, noting that UCLA just dropped a home game to Southern Cal.

The Cougars are tied with No. 4 UCLA and No. 22 Arizona State with 4-1 conference records. They play at Arizona on Thursday and at Arizona State on Saturday.

Washington State (16-1, 4-1) needed to come from behind to hold off Oregon 69-60 on Sunday night.

The …

Gospel singer, part of famed trio

The hawk defines Chicago blues and the sparrow is a metaphor for the city's soul.

The Barrett Sisters were Chicago's gospel songbirds in good times and bad.

DeLois Barrett Campbell, the soprano of the internationally known trio, died Tuesday in a Chicago hospital. She was 85.

Mrs. Campbell is regarded as one of the first sopranos of note in gospel music. The Barrett Sisters were inspired by the rich harmony of the legendary Roberta Martin Singers. Martin was anointed by "Father of Gospel" Thomas A. Dorsey to serve as accompanist of the junior choir at Ebenezer Baptist Church in Chicago.

Layered primarily over Martin's heavy piano, the singers stretched as …

FDIC seeks $548 million judgement against Ernst & Young

Citing professional negligence and accounting malpractice, the FDIC is seeking a judgement of $548 million in compensatory damages, punitive damages in an amount three times the compensatory damages, interest and costs against Ernst & Young LLP.

In the action filed in the U.S. District Court for the Northern District of Illinois, the FDIC charged that the actions taken by Ernst & Young resulted in the failure of Superior Bank, FSB, Hinsdale, Ill.

The legal action reports that the accounting firm finally admitted to the FDIC that its annual financial audits of the failed thrift were erroneous, requiring a $270 million reduction in assets. Further investigation …

WORLD SPORTS at 0000 GMT

TOP STORY:

CYC--TOUR DE FRANCE

AIGURANDE, France — Overall leader Thor Hushovd led the other riders out in the eighth stage of the Tour France as the race entered the mountains for the first time. By 1800 GMT. By Jerome Pugmire. Separates on merits.

NEW/DEVELOPING:

OLY--IOC-ROGGE

DURBAN, South Africa — IOC President Jacques Rogge said he would be "delighted" if the United States decides to bid for the 2020 Olympics despite the stinging rejection of American cities in the race for two previous Summer Games. Moved. By Stephen Wilson.

CAR--F1-BRITISH GP

SILVERSTONE, England — Red Bull driver Mark Webber edged out teammate Sebastian Vettel in …

Parent's imprisonment tough on kids

An estimated 1 in 10 children nationwide has a parent in the criminal justice system. In Chicago, schools have no way to identify such children-and few resources to support them.

In summer school earlier this year, "James," a 6th-grader at Howe Elementary, was having a run of bad days. He had enrolled at Howe a couple of years earlier and had some minor discipline problems, but soon became a star student.

Then came an abrupt switch. "He was talking back and was disrespectful to teachers," says Sanya Gool, Howe's social worker for the past six years. Even though she is responsible for nearly 700 students, Gool remembers James well.

Later, Gool would learn from James' grandfather and primary guardian that the boy's mother had recently returned to prison. "It gave me some insight on why he was having these problems, and I was able to share this with his teachers," Gool says.

Gool did not provide James' real name, to protect the juvenile's identity. But unfortunately, his family's upheaval is not unusual among public school students in Austin-a community where a significant chunk of people who are released from prison go to get back on their feet.

In 2005, 2,537 people left prison under supervision and returned to zip code areas that partially or totally lie within Austin. That's about 13 percent of the 19,167 former prisoners who returned to communities in Cook County last year, and about 8 percent of those released statewide.

Even though the number of families coping with an incarcerated parent may seem jarring, there are no targeted programs in Chicago Public Schools to help identify or support students like James.

"The status of a student's parent is private information that we cannot require, therefore it's difficult for us to determine whether a student's parent is incarcerated," says CPS spokeswoman Ana Vargas. A child in James' situation would be handled the same as a child who needed intervention for any reason, such as a death in the family, she adds.

Seven million children, or one in 10 nationwide, have a parent behind bars, on probation or on parole, according to a 2005 report by San Francisco Children of Incarcerated Parents Partnership, an advocacy group for children whose parents are in prison.

Last year, the organization issued a bill of rights for children whose parents are arrested or imprisoned that asserts, among other things, their right to specially trained counselors and other mentors.

Nationwide, those helping ex-offenders to reconnect to their communities have increasingly turned their attention to children, who can have problems with behavior, self esteem and social adjustment as a result of their primary caretaker being incarcerated. Much of this work has occurred on the East and West coasts, but Chicago has become increasingly involved, activists say.

In Illinois, a task force for children of prisoners was formed in 2003, and after hosting a conference two years later, it established a mission and goals like increased training and support for caregivers as well as social educators, social workers and other mentors.

Having a parent locked up in prison can be devastating for a child, particularly if it's the mother, who most often is the primary caretaker, says task force member Gail Smith, executive director of Chicago Legal Advocacy for Incarcerated Mothers.

Typically, women have shorter sentences, "but it can have a huge impact on their child." Smith says. "It's hard [for them] to concentrate in school. Most children grieve by getting angry. A teacher may read that as something else."

'PROBABLY A LOT MORE THAN WE KNOW'

Gool, James' social worker, says it took a couple of years for her to learn that James' behavior problems were tied to his mother's imprisonment. She can only wonder how many other children at Howe are dealing with similar issues.

"There are probably a lot more than we know about, but there's no way to identify those students," Gool says. "It's not like we can send out a survey."

When James was having a rough time back in 4th grade, he was enrolled in an art therapy program at Howe that helped children deal with anger and build better social skills. To help children confront bottled up emotions, a therapist working with students once a week might have students draw super heroes who squeeze out anger. Or they might be assigned to work with a classmate on a joint project to learn teamwork. The art therapist was provided by a grant from Chicago Communities in Schools, a group that connects public school students and their families with social services. James was in the program for two years. "Eventually, he became the model student," Gool says.

Complications arising from a parent's incarceration extend beyond a child's emotional and behavior problems. A parent's imprisonment can also lead to logistical problems, like where a child can enroll in school, Smith says. A child whose parent is in prison often acquires a new address because they have to move in with a grandparent or guardian. That can affect school admissions, which for most public elementary schools is tied to an attendance area. In some instances, Smith says, guardians have been falsely accused of "school shopping," the practice of using false addresses to get a child into a desired school.

Worse yet, Smith notes, are instances when teachers and other school staff know that a child is dealing with a parent's incarceration but stigmatize rather than support them.

"We have had situations where a caretaker has shared [information about a parent in prison] and really regretted it," Smith says. "If something is missing, everybody looks at that child first."

"We tell parents it can be helpful to talk to a school social worker but to be careful because sometimes it can backfire," Smith explains.

'I HAVEN'T SEEN HER IN A LONG TIME'

Howe Principal Vanessa Young, an Austin High School graduate, says it would be easier to identify children like James, whose mother recently returned home, if the school had a second social worker whose primary responsibility was to handle such cases. "You tend not to come up to school and blurt that out," says Young, who does volunteer work with ex-offenders at her West Side church.

While some students like James have the benefit of a social worker such as Gool, others-for instance, "Jordan," a 14-year-old 8th-grader whose parents and two older brothers are behind bars-rely on grandparents.

Jordan and his 13-year old brother, "Robert," live with their maternal grandmother, but they also spend a lot of time with their father's mother, Alice Jackson, who is executive director of Mother's House, a halfway house in Austin for women who are ex-offenders or are confronting other issues such as domestic violence.

"Of course it's a big deal," says Jackson, noting the impact of Jordan's mother and father being in prison. Teenaged boys, like Jordan and his younger brother, often assume an I-don't-care attitude about their parents, but it's just a cover, she adds.

Both of Jordan's older twin brothers are in prison on drug charges, says Jackson. His father is serving a six-year term on drug-related charges at a federal prison and is slated for release in June 2008.

However, Jordan has his sights set on Feb. 9 of next year. That's when his mother will be released after completing a two-year sentence for retail theft, according to state Dept. of Corrections records.

"I'll just be happy to see her," says Jordan. "I haven't seen her in a long time."

[Sidebar]

CHILDREN OF THE INCARCERATED

This is the first report in an investigative series by Catalyst and The Chicago Reporter, both published by Community Renewal Society, on the lives of children whose parents are or have been behind bars. The articles, in turn, will inform the work of Civic Action, Community Renewal's organizing and advocacy arm, to build a broad-based regional coalition to help these children. Children's names have been changed to protect their privacy.

[Author Affiliation]

Curtis Lawrence is a Catalyst contributing editor.

E-mail him at editor@catalyst-chicago.org.

вторник, 13 марта 2012 г.

David Beckham leads LA Galaxy to MLS title

CARSON, California (AP) — David Beckham thrust the shiny silver trophy above his Los Angeles Galaxy teammates' heads, and a sold-out stadium roared for its hometown team through a blizzard of confetti.

Although Beckham's five-year American odyssey hasn't always gone according to script, he clearly learned a little something about Hollywood endings along the way.

Landon Donovan scored in the 72nd minute on passes from Robbie Keane and Beckham, and the Galaxy's three superstars won their first MLS Cup together with a 1-0 victory over the Houston Dynamo on Sunday.

The trio's beautiful goal highlighted another brute demonstration of the Galaxy's dominance in perhaps the greatest season for any MLS club. Los Angeles had the second-best record in league history during the regular season before barreling through the playoffs without a loss to win the franchise's third title.

Beckham was brilliant throughout the postseason, setting up four goals and controlling play in midfield despite injuries to his back and hamstrings.

"We've been through a lot this season," Beckham said. "We've had a lot of games. Bruce (Arena) and his staff are the ones that got us to this game tonight."

Los Angeles had the most expensive and eye-catching squad in MLS history, but the Galaxy got full value from their three highest-priced players, particularly in the playoffs. Along with Beckham's brilliance, Donovan scored in each of the Galaxy's final three playoff games, and Keane was a constant offensive threat despite crisscrossing the globe in his spare time on Ireland national team duty.

Galaxy coach Bruce Arena felt the championship justified every expense and expectation of the experiment they started in 2007 with Beckham's groundbreaking move to America.

"David is a champion," said Arena, the first coach to win three MLS titles. "I've been around great athletes and competitors in my life, and this guy is as good as it comes. Unbelievable desire to win. He's a great teammate, a great person. He's done it all in every country he's been in. What more can you say about a guy like this and what he's brought to this organization and this league in five years? He gutted it out tonight. He obviously wanted to be there."

Donovan, chosen the MLS Cup MVP after his record 20th playoff goal, was lifted off his feet with a hug from Beckham after the final whistle. Beckham's three sons then joined him on the field, with 12-year-old Brooklyn carrying the cup after they made their way over to the Galaxy's most ardent supporters in the north end of Home Depot Center, where the Galaxy didn't lose all season long.

Although the 36-year-old global icon insists he hasn't decided where he'll play next year, the Galaxy hope Beckham extends his California sojourn for at least another season. The Galaxy fanatics in the Angel City Brigade supporters' section chanted "We want Beckham!" after the match as Beckham took a long tour of the field with his sons.

"It's been the most enjoyable time of my career in America over the last year, and this just tops it off," said Beckham, whose services are coveted by Paris Saint-Germain and a handful of British clubs. "I've said before, I need to sit back and relax and enjoy this moment, and then I'll figure out what I'm going to do next year. I might talk in the past tense sometimes, but that doesn't mean I'm leaving. It's been an amazing five years."

Despite his injuries, Beckham plans to participate in the Galaxy's friendly tour of Indonesia, the Philippines and Australia in the next few weeks before his contract officially runs out in December.

"Knowing David the way we do, he'd go out there with his leg hanging off," said Keane, who led Ireland to a place in next year's European Championship last Tuesday in Dublin. "From a selfish point of view, I want him to stay. He's been great to me. I've enjoyed the few months I've had with him."

Beckham put a stylish finish on the best season of his five-year stint with the Galaxy, finishing second in MLS with 15 assists. After the game, Donovan revealed Beckham strained his hamstring during training earlier in the week, while Arena said Donovan has been struggling with undisclosed injuries for several weeks.

Beckham grinned at mention of his injury.

"I just had a little bit of champagne and beer, and I can't really feel it anymore," he said.

A sellout crowd of 30,281 cheered Los Angeles past the Dynamo, who hadn't lost in nine games since Sept. 10. Houston struggled for offense in the MLS Cup after losing leading scorer and league MVP runner-up Brad Davis to injury.

"It's a well-balanced team," Houston coach Dominic Kinnear said about the Galaxy. "They've been the best in the league from Day 1 to now. They are a deserving champion. ... We gave ourselves a chance. It took one goal to win it, which is sometimes what finals are about."

This championship had been the Galaxy's to lose since early in the season. Los Angeles won the Supporters' Shield for the league's best regular-season record for the second straight year, but didn't disappoint in the playoffs this time.

"To be honest, the actual goal doesn't mean a lot to me," Donovan said. "I, for the last month, have been so determined. I didn't care who scored. I didn't care if it was an own-goal that won it. Winning feels so good. Goals come and go, but when the whistle blew, that's what I'll remember."