Philanthropy Today:Jake Gittlen Memorial Golf Tournament 2013

The Jake Gittlen Memorial Golf Tournament will be held this week from August 14-18 at the Hershey Country Club,Pennsylvania.The tournament began in 1965 as the Blue Ridge Invitational,founded by Jake Gittlen to bring together the Blue Ridge Country Club and public course golfers.When he died of cancer in May 1970,it was renamed in Gittlen's honor by the country club.His son Warren,who had been a Penn State golf team captain,transformed the tournament into a fundraiser for cancer research at the Penn State Hershey Medical Center in his father's memory.*The first Jake Gittlen Memorial was held in September 1970 with 50 players.It was moved to the Hershey Country Club in 1996.Funds raised contributed to the development of the first anti-cancer vaccine,Gardisil,which helps prevent cervical and other cancers.*The tournament has grown from raising 2,500 dollars in 1970 to 850,000 in 2012,for a total of 15,840,000 to date.It is the nation's largest amateur golf fundraiser,with major support from Giant Food Stores.Other corporate sponsors include ABC27;AFLAC;Highmark Blue Shield;Merrill Lynch;Northwestern Mutual;Pepsi;Sysco;Sprint;T-Mobile;and Wells Fargo Advisors,LLC.

Birthday People August 9-10,2013

August 9-Fashion magnate Michael Kors is 54.August 10-Author Suzanne Collins,50.She wrote "The Hunger Games" trilogy and "The Underland Chronicles."*You can help assure the future by clicking an ad and sharing this blog with friends.*Have a great weekend.

Reports Of Suburban Damage As Microburst Hits Rockland County « CBS New York

Reports Of Suburban Damage As Microburst Hits Rockland County « CBS New York

Should Omnicom Merge With Publicis

Madison Avenue advertising titan Omnicom and France's Publicis have announced their merger,resulting in a firm with a combined worth of just over 35 billion dollars,with more than 130,000 employees.The deal promises to achieve 500 million dollars in cost savings and a combined annual revenue of around 23 billion.The deal could face objections by regulators fearful of the decreased competition in the advertising industry that would result.*Omnicom CEO John Wren will eventually become sole CEO of the combined firm,and Publicis CEO Maurice Levy will be non-executive chairman after a period of being co-CEOs.The new company will be stronger in the emerging markets and better equipped to compete with Google and Facebook in the digital ad realm.Most of the time,Google collaborates with Omnicom,Wren said;sometimes it competes with us.*Omnicom faces a new world.Revenue is slowing down on the difficulty of adjusting to new places where the ads go,Google and Facebook's new way to advertise,according to Julie Roehm,Senior Vice President of Marketing at SAP.The merger makes perfect sense.It's a very good opportunity for them and their customers,taking the inefficiencies to invest them in big data and analytics.Mobile is a huge opportunity.Very few companies have cracked that code.They're going to take traditional creativity and merge it with the digital side.They are representing lots and lots of customers.They want to get ahead of the ball,Ms.Roehm noted.*Omnicom Group Inc(OMC),Publicis Groupe SA(Paris:PUB)

Asia This Day:China,Sri Lanka,Australia

Overall,there is still some risk appetite across the world,said David Gaud,Senior Portfolio Manager at Edmond de Rothschild Asset Management.Europe could become a second growth driver,probably going from -0.6% growth to 2%.That would help China.China is extremely cheap currently.The earnings growth has been revised up from 8-9% to 12-13%.There is a real case for investing in China by the end of this year.*Sri Lanka is opening a 500 million dollar container terminal built by China at Port Colombo today,It is the largest investment ever in the country's harbours.*China's official July Services PMI was at 54.1,up from 53.9 in June,and above the estimate.A reading above 50 signifies growth.The services sector represents 45% of Chinese GDP.*Australia's election is to be held September 7.Polls have the Labour government slightly behind the opposition coalition,although Labour leader Kevin Rudd is preferred as Prime Minister over opposition leader Tony Abbott.*Toyota Motors will return 30% of its 37 billion dollar cash hoard to shareholders in the form of dividends.It will also increase R&D and CapEx spending,heeding the call of Prime Minister Shinzo Abe.*Beijing is planning to raze a village just outside the capital in order to build a new airport.*The Edmond de Rothschild Group offers private banking;asset management;private equity;institutional and fund services;and corporate finance advisory services from its offices worldwide.The group draws on the heritage of its founding family,bankers to royal houses,who "walked with kings,while never losing the common touch,"as the saying goes.*Toyota Motor Corporation(TM)

Birthday People August 2-3,2013

August 2*Christian singer Britt Nicole is 28.August 3*NFL football player Tom Brady,35.He is married to Brazilian supermodel Gisele Bundchen.

New Study Suggests Dementia-Oral Health Link

A new British study from the University of Lancashire School of Medicine and Dentistry suggests a link between poor oral health and dementia,including Alzheimer's disease.The study detected a specific bacterium,Porphyromonas gingivalis,in the brains of four out of ten dementia patients.Sim Singhrao,PhD,senior research fellow at the School,said that when the brain is repeatedly exposed to bacteria and/or material from our gums,subsequent immune responses may lead to nerve cell death and possibly memory loss.Seeing your dentist could be vital for brain health.The future of the research aims to discover if P.gingivalis can be a marker,via a simple blood test,to predict the development of Alzheimer's disease in at-risk patients,she noted.Further research is needed to confirm the theory,several other British scientists emphasised.A number of other studies have suggested a link between dementia and inflammation from bacterial infection.