Fed up Canada tells U.S. to help with China crisis or forget about favors

Reuters | May 05, 2019

Canada is leaning on the United States to help settle a dispute with China, which has started to block imports of vital Canadian commodities amid a dispute over a detained Huawei executive. In a sign of increasing frustration at what it sees as a lackluster U.S. response, Prime Minister Justin Trudeau’s government is signaling it could withhold cooperation on major issues. China has upped the pressure on Canada in recent weeks over the arrest of Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou, arrested last December on a U.S. warrant. It halted Canadian canola imports and last week suspended the permits of two major pork producers. After Meng’s Vancouver arrest, Chinese police also detained two Canadian citizens. Beijing is refusing to allow a Canadian trade delegation to visit, forcing officials to use video conference calls as they try to negate a major threat to commodity exports.

Spotlight

Numerous academic studies document that retail investors make systematic “mistakes” in assessing the risk and return characteristics of their portfolios. In this paper, I introduce a computing tool which can help individuals better assess these characteristics by displaying simulated portfolio returns. This paper features a demo version of this calculator for the federal government’s Thrift Savings Plan. The output shows that riskier investments can lead to higher wealth outcomes than less risky investments although this outperformance is sensitive to assumptions about the mean return, particularly at long horizons. In addition, the risk of such investments does not decrease but rather increases with time horizon.


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GOVERNMENT BUSINESS

Knightscope Deploys K5 Autonomous Security Robot (ASR) in California Park

Knightscope | June 01, 2022

Knightscope, Inc., a developer of advanced physical security technologies focused on enhancing U.S. security operations, announced the deployment of a K5 Autonomous Security Robot (ASR) in a popular northern California park. A parks and recreation organization that serves a large, densely developed suburban population will be using the ASR to patrol the area with specific mission of protecting the quality of life and environment of the community. The Huntington Park, California, chief of police recently participated in a webinar on the introduction of robots into the federal government where he relayed his success using an ASR in a public park. According to the new client, the chief’s experience contributed to the decision to select Knightscope as an integral part of their security program. About Knightscope Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. Knightscope’s long-term ambition is to make the United States of America the safest country in the world.

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GOVERNMENT BUSINESS

Red River Names Industry Veteran Brian Roach as Chief Executive Officer

Red River | May 21, 2022

Red River, a technology transformation company serving government and enterprise customers, announced that Brian Roach has been appointed Chief Executive Officer, effective May 31. Roach joins Red River from SAP North America, where he led the Regulated Industries practice in the United States. He oversaw the business’ strategy, operations, and customer relationships, partnering with federal, state, and local governments, as well as organizations in the higher education, aerospace and defense, healthcare, and utilities industries. “Brian is ideally suited to lead Red River into the future. He is an accomplished industry veteran with a deep understanding of our clients and markets. He also has a strong track record of building partnerships and bringing people together. This combination of experience and leadership is just what Red River needs in its next chapter of expanded growth.” Nana Banerjee,Red River Chairman Prior to SAP, Roach spent six years with Juniper Networks, where he led the National Government business unit, selling and delivering high-performance networking and security systems to U.S. government agencies. He has also had leadership roles at Microsoft, Lockheed Martin, and Unisys during his more than 20-year career. “This is an exciting time to join Red River,” said Roach. “Technology integration and modernization has never been more critical to organizations and Red River’s unique ability to combine cutting-edge solutions with unmatched engineering expertise has made it a distinct leader. I look forward to working with this talented team and our ecosystem of partners to deliver solutions tailored to customers across all segments.” Red River is a portfolio company of Cerberus Capital Management, a global leader in alternative investing. “Red River continues to meet the evolving needs of government agencies and businesses with its market-leading capabilities,” said Michael Sanford, Cerberus Senior Managing Director. “With the company’s exciting growth trajectory, it’s great to welcome Brian to this strong management team as Red River builds on its more than 25 years of leadership.” About Red River Red River brings together the ideal combination of talent, partners and products to disrupt the status quo in technology and drive success for business and government in ways previously unattainable. Red River serves organizations well beyond traditional technology integration, bringing more than 25 years of experience and mission-critical expertise in security, networking, data center, collaboration, mobility and cloud solutions.

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GOVERNMENT BUSINESS

CNSI Announces New Board of Directors Following Carlyle Acquisition

CNSI | June 14, 2022

CNSI, a leading provider of innovative healthcare technology products and solutions, announced the formation of its new Board of Directors, following the company's acquisition by investment funds affiliated with global investment firm Carlyle in December 2021. The Board includes several industry leaders with extensive experience in government technology and healthcare, including: Donna Morea (Chair), Lawrence B. Prior III, Penny Thompson, and Tom Weston. As a Carlyle portfolio company, CNSI is very pleased to be working with the outstanding team of health and IT industry experts who have joined our new Board of Directors. I am excited for the journey ahead as we work together to further strengthen CNSI's market-leading products and solutions while also accelerating key investments that will help us bring even greater value and innovation for our state and federal healthcare clients." Todd Stottlemyer, CEO, CNSI Donna Morea serves as Board Chair; she is the former President of CGI, where her clients included many of the world's largest and most complex organizations in federal, state and local government, healthcare, and financial services. Since 2016, she has served as an Operating Executive with Carlyle, advising portfolio companies on strategic and growth initiatives. Morea also serves as a Trustee of Inova Health System, the largest healthcare system in Northern Virginia, and she is a Chair Emerita of the Northern Virginia Technology Council, which is the nation's largest technology council. "Having worked with Todd Stottlemyer and other CNSI executive leaders throughout my career, I know the team's drive and commitment to be a trusted partner to their clients, a best place to work, and a good corporate citizen within the community," said Morea. She added, "With exceptional products, people, and processes already in place, CNSI is poised for tremendous growth, and I'm looking forward to helping them maximize their full potential." In addition to Morea and Stottlemyer, CNSI's Board of Directors includes the following members: Dayne Baird – Managing Director at Carlyle, who leads the firm's efforts in the government services sector. Michael Echemendia – Vice President at Carlyle, with a focus on investments in the aerospace, defense, and government services sectors. Michael Gozycki – Managing Director at Carlyle, with a focus on a broad range of growth, middle market, and large cap technology investments. Lawrence B. Prior III – Carlyle Operating Executive, with a focus on government services, and the former CEO of CSRA Inc. Penny Thompson – Healthcare Advisor and former Chair, MACPAC Commission; former CMS Deputy Director, Center for Medicaid and CHIP Services. Tom Weston – Former Executive Vice President, Chief Financial Officer, ECS Federal, LLC. AboutCNSI CNSI delivers a broad range of health information technology enterprise solutions and customizable products to a diverse base of state and federal agencies in the United States. CNSI aligns, builds, and manages innovative, high-quality, cost-effective solutions that help clients achieve their mission, enhance business performance, reduce costs, and improve the health of individuals and communities. Headquartered in McLean, Virginia with a major technology center in Chennai, India, CNSI employs a world-class team of technologists, program managers, and subject matter experts with large-scale, mission-critical information technology implementation experience.

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CYBERSECURITY

BedRock Systems Joins United States National Cybersecurity Excellence Partnership (NCEP) Program

BedRock Systems | June 06, 2022

BedRock Systems, the leading software company delivering an unbreakable foundation for secured computing from edge to cloud, announced it has joined the National Cybersecurity Excellence Partnership (NCEP) program. NCEP is a collaborative public-private partnership between U.S. companies and the National Institute of Standards and Technology’s (NIST) National Cybersecurity Center of Excellence (NCCoE), formed to advance the state of cybersecurity practice in the United States. It’s an honor to participate in the NCEP program. Through partnership and collaboration with NCCoE and other NCEP participants, we look forward to identifying pressing cybersecurity challenges and driving innovations that bolster the security of U.S. information systems.” John Walsh, SVP Strategy and Business Development at BedRock Systems BedRock Systems joins a community of NCEP partner companies that have pledged to provide hardware, software, and expertise to foster rapid adoption and broad deployment of integrated cybersecurity tools and techniques and address technology gaps affecting multiple sectors of the economy. In addition to contributing equipment and other products to the NCCoE’s test environments, partner companies can designate guest researchers to collaborate and work with NCCoE researchers at the center, in person or remotely. To address the challenges of securing the country’s IT environments, the NCCoE has developed 167 publications, which have been downloaded more than 1 million times. In addition to joining the NCEP program, BedRock Systems has participated in reviewing NIST’s recent Special Publication 1800-32, titled “Securing Distributed Energy Resources: An Example of Industrial Internet of Things Cybersecurity.” “Fostering collaboration and leveraging the expertise that exists across the private and public sectors is an important part of NCCoE’s strategy to drive innovation and address technology gaps affecting critical systems and industries,” said Jim McCarthy, Senior Security Engineer, National Cybersecurity Center of Excellence (NCCoE). “We are pleased to have BedRock Systems join the community of NCEP partners who help NIST and NCCoE design, build, deploy, and document standards-based solutions that can be leveraged across multiple segments in our economy.” McCarthy recently joined BedRock for a webinar discussion on Dissecting Critical Infrastructure Risks: The Double-Edged Sword of Interoperability. The expert panel of cybersecurity professionals discuss requirements and challenges related to connecting the OT and IT systems that power critical infrastructure. About BedRock Systems BedRock Systems is the leading software company delivering an unbreakable foundation for secured computing from edge to cloud. Designed on the principles of Zero Trust and formal methods, BedRock Systems provides unprecedented levels of security and resiliency to the world’s most critical systems and infrastructure. Industries like Financial Services/DeFi, Government, Defense, Healthcare, Pharmaceutical and critical infrastructure sectors all use BedRock to improve cyber security, reduce cost and unlock new revenue by enabling innovation, even while under attack. BedRock your applications and workloads today.

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Spotlight

Numerous academic studies document that retail investors make systematic “mistakes” in assessing the risk and return characteristics of their portfolios. In this paper, I introduce a computing tool which can help individuals better assess these characteristics by displaying simulated portfolio returns. This paper features a demo version of this calculator for the federal government’s Thrift Savings Plan. The output shows that riskier investments can lead to higher wealth outcomes than less risky investments although this outperformance is sensitive to assumptions about the mean return, particularly at long horizons. In addition, the risk of such investments does not decrease but rather increases with time horizon.

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