Bill Close was born in Washington, D.C. in 1931 and grew up in Summit, NJ where he graduated from Summit High School in 1949. He was captain of the soccer team and ran the high hurdles for the track team. At Princeton, he was Batallion Commander of the NROTC unit his senior year and went on to serve three years in the Navy from 1953-1956 as a deck officer in the USS Warrington, a destroyer based in Newport, RI. After his naval service he went to Harvard for an MBA and then on to Wall Street with first, Smith Barney and then, in 1962, with E.F. Hutton as a floor partner on the New York Stock Exchange. There he traded for Hutton until 1988 when he changed to a sole proprietorship. Retiring from the Exchange in 1994 he has continued to live in Rowayton and Norwalk up to the present.
Sailing and skiing were the main activities for many years with Bermuda Races and Ski Club trips all a part of the mix along with a fair amount of world travel. He has three sons and a daughter as well as a stepson and stepdaughter. He and his wife, Stephanie have been married for 27 years. They have 12 grandchildren.
He is a member of the New York Yacht Club, the Cruising Club of America and the Sachem’s Head Yacht Club, as well the as the United Church of Rowayton and the Darien Men’s Association.
Life Is Full!!!!!!
Lawrence D. Cavanagh was born in 1942 in Norwalk and graduated from Portsmouth Abbey School in Portsmouth, R.I., in 1961. After high school, he attended Georgetown School of Foreign Service, worked in the merchant marine and served in the U.S. Navy. Larry graduated from New York University in 1971 with a B.S. degree and from its Stern School of Business with an M.B.A. in 1973. For the next three years, he worked at the Federal Reserve Bank of New York, monitoring and assisting senior economists with database operations and econometric analysis. From 1976 to 1991, he was involved with money reports, currency forecasting, econometric analysis for currency forecasts and gold hedge strategies at Business International, European American Bank, Dean Winter Reynolds, CBOE, Elders and Montgomery Investment Technology. In 1991, Larry joined Value Line as editor of the Value Line Daily Options Survey. Since 2011, he has worked at Hunt Street Associates as a principal, handling financial modeling. Larry and his wife Eleanor live in Rowayton. He belongs to the Saugatuck Shore Club and Inisfad Foundation and is a board member of the Norwalk Symphony. His hobbies include reading, writing, lecturing, financial modeling and travel. Sponsored by Jim Frayer.
Bill was born on September 16, 1929 in Minneapolis, MN to Willam Isaac Nightingale and Gladys Joslyn Nightingale. He married Carla Carroll of Wayzata, MN in 1957 and in 1966 moved his family to Darien, CT, where he lived for almost 30 years. In 1993, Bill married Deborah Watson and lived in Rowayton, CT before recently relocating to New Canaan.
Bill graduated from Bowdoin College in 1951 and from the Harvard Business School in 1953. He served as a Lieutenant in the U.S. Navy Supply Corps in Port Lyautey, French Morocco from 1954 – 1956.
Bill began his career at General Mills in Minneapolis. After he moved to the New York area, he worked in senior management positions at Booz, Allen and Hamilton, Hanes Corporation, and The Bali Company of New York, NY, where he was President and CEO.
In 1975 he founded Nightingale and Associates LLC, one of the first crisis management and turn-around consulting firms in the U.S. After a long successful run at the helm, he retired in 1995.
After retirement, Bill served on many corporate and charitable boards. He was particularly proud of his service as president of Person to Person.
Bill was a long-standing member of St. Luke’s Episcopal Church in Darien, where he was on the vestry and was senior warden. He was an active member of The Harvard Club, Wee Burn Country Club, and Noroton Yacht Club.
Throughout his life, Bill had many friends. A generous optimist, his glass was always half full. He loved his home in Bridgewater, VT, the Maine coast, skiing and traveling. He was a role model to many and imparted advice with wisdom and humor.
Bill is survived by his wife Deborah of New Canaan; his son Paul Nightingale, and wife, Kate, of Marblehead, MA; daughter Sara Nightingale of Sag Harbor, NY; son William J. Nightingale Jr., and wife, Julie, of Rowayton, CT; and daughter Margot Nightingale, and husband, Henry Personnaz, of Paris, France. He is also survived by his nine grandchildren, his brother Donald Nightingale, and wife, Gerda, of North Oaks, MN, and step-children Ian and Sarah Watson. He was pre-deceased by sister Nancy Jones.
In lieu of flowers, please send donations in Bill’s memory to Bowdoin College or Person to Person in Darien, CT.
CHINA AND THE UNITED STATES ARE HEADING TOWARD A WAR NEITHER WANTS. The reason is Thucydides’s Trap, a deadly pattern of structural stress that results when a rising power challenges a ruling one. This phenomenon is as old as history itself. About the Peloponnesian War that devastated ancient Greece, the historian Thucydides explained: “It was the rise of Athens and the fear that this instilled in Sparta that made war inevitable.” Over the past 500 years, these conditions have occurred sixteen times. War broke out in twelve of them. Today, as an unstoppable China approaches an immovable America and both Xi Jinping and Donald Trump promise to make their countries “great again,” the seventeenth case looks grim. Unless China is willing to scale back its ambitions or Washington can accept becoming number two in the Pacific, a trade conflict, cyberattack, or accident at sea could soon escalate into all-out war. In Destined for War, the eminent Harvard scholar Graham Allison explains why Thucydides’s Trap is the best lens for understanding U.S.-China relations in the twenty-first century. Through uncanny historical parallels and war scenarios, he shows how close we are to the unthinkable. Yet, stressing that war is not inevitable, Allison also reveals how clashing powers have kept the peace in the past — and what painful steps the United States and China must take to avoid disaster today.
See entry about Thucydides Thucydides
Two pieces shared by Tom Igoe
Oleg Gordievsky was a spy like no other. The product of a KGB family and the best Soviet institutions, the savvy Russian eventually saw the lies and terrors of the regime for what they were, a realization that turned him irretrievably toward the West. His career eventually brought him to the highest post in the KGB’s London station-but throughout that time he was secretly working for MI6, the British intelligence service”-
The full inside story of the breathtaking rise and shocking collapse of Theranos–the Enron of Silicon Valley–by the prize-winning journalist who first broke the story and pursued it to the end in the face of pressure and threats from the CEO and her lawyers. In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup “unicorn” promised to revolutionize the medical industry with a machine that would make blood tests significantly faster and easier. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in an early fundraising round that valued the company at $9 billion, putting Holmes’s worth at an estimated $4.7 billion. There was just one problem: the technology didn’t work. For years, Holmes had been misleading investors, FDA officials, and her own employees. When Carreyrou, working at the Wall Street Journal, got a tip from a former Theranos employee and started asking questions, both Carreyrou and the Journal were threatened with lawsuits. Undaunted, the newspaper ran the first of dozens of Theranos articles in late 2015. By early 2017, the company’s value was zero and Holmes faced potential legal action from the government and her investors. Here is the riveting story of the biggest corporate fraud since Enron, a disturbing cautionary tale set amid the bold promises and gold-rush frenzy of Silicon Valley
Discussion leader: Charlie Goodyear
SINGLE PAYER HEALTHCARE SYSTEMS
USA Healthcare System
-17% of GDP (was 7% in 1971) vs. 9% Canada,10% UK, 10% Germany
+50% Employer (155 million people, cost $20,000/family, employee pays
+14% Medicare (+/- 55 million people)
+12% Medicaid, Veterans, Native Americans (+/- 50 million people)
+ 7% ACA purchased (+/- 20 million people)
+ 8% Emergency Room, Other
+ 9% Uninsured (+/- 30 million people)- 80% US citizens
-Drug costs : $1000/per person/year vs. OECD $500
-Estimated 100-130 million people have “pre-exsisting conditions”
-Life expectancy below OECD countries, Infant mortality higher
-Reasons for higher costs vs OECD countries :
+ Technology and drugs ( eg more MRIs per capita, no drug price controls)
+ Obesity (35% vs 19% OECD) and chronic illnesses (32% of Medicare costs
cover the last two years of life)
+ Much higher administrative costs (4% of GDP), double the staffing vs Canada
-Healthcare costs a major factor in personal bankruptsy( !0 million have bills they can’t
Canada Healthcare System
-Single payer system covering 100% of the population -no co-pays or deductables
-Doctors and hospitals privately owned and managed within system rules
-Managed by Provincial governments who pay all doctor and hospital charges
-System funded 50/50 with Federal government
-Provinces set prices and proceedures that comply with Federal requirements
-No private insurance allowed except for drugs and dental not covered by System
-Heavy involvement in drug pricing and approval, cost benefit analysis
-Essentially no US type media drug advertising
-Doctors earn about 2/3 of what US doctors earn/year
-Lower availability of medical devices (eg. 75% fewer MRIs per capita than US)
-Open heart and transplant surgery restricted
– Major problems: waiting times for referral to specialists (+/- 16 weeks ), doctor
choice limited, long delays for elective surgery
United Kingdom Healthcare System
-Single payer system covering 100% of the population-no co-pays or deductables
-Doctors are government employees and hospitals are government owned
-Managed by major regional authorities (ie Britain, Wales,Scotland, etc)
-Drug prices controlled by the government, strict cost/benefit analysis. No US
type media drug advertising
-Drug prescriptions cost about $12/ each, free for children.
– No dental coverage for adults
– Doctors earn about 2/3 of what US doctors earn
– Individuals may purchase insurance coverage with doctors in private practice
– Major problems: Long wait times (+/- 10 weeks for general surgery), limited availabiliy
of new(expensive) or experimental treatments, cost/benefit analysis, lack of mental
health services, very long delays for elective surgery
-Per capita costs $4K/year vs US $10K/year
-Many say “Underfunded but not broken “
Germany Healthcare System ( An alternative to “single payer” ??)
-An insurance based system with non profit and for profit insurers
-Covers 90% of population- required participation for all but highest earners
-Funded by 50/50 contribution by employers and employees -15% of earnings
up to about $70K/year (2014 data)
-Private doctors and hospitals but highly regulated
-No deductables and low co-pays -children are free
-Managed by regional authorities via “sickness funds” that are used to control
– Drug prices are controlled, cost/benefit analysis, no US type public advertising
– Doctors earn about 2/3 of US doctors/year
– Per capita costs less than 1/2 of US
– Surveys indicate significantly higher public satisfaction with the system vs US,
Canada or UK
( The relationship between the insurance companies, doctors, hospitals ,employers,
employees individuals and the regional government bodies is unclear and needs
further analysis and understanding)
The article below on drug cost shows how complicated healthcare is to understand, much less manage. Factors such as age of population, availability of new drugs, the number of insured, etc. all interact.
Born 1940 in Fenton MI. Awarded BS in Chemical Engineering from Michigan State University 1962. Started career in General Electric’s Manufacturing Management Training Program 1965. Went on to International Sales & Marketing at Shipley Co in Newton, MA.
Elected to American Society of Electroplated Plastics trade association President & Hall of Fame. Published multiple technical articles including: Society Automotive Engineers, Interference Control, Products Finishing, Society of Plastics Engineering.
William M Winship III was born in Scarsdale NY in 1931. He earned a BA from Hamilton College where he played football ,ice hockey, and lacrosse. He was on the Green Bay Packers draft list. He received an MBA from the Wharton School at U of PA.
Married to Nancy Apgar. They have three married children – Sandra (Cheshire CT) , Anne (Cape Elizabeth ME) Will (Andover MA) and eleven Grandchildren – ages 26 to 11.
His career was in the printing industry where he was executive and partner of McCall Printing Co,
Arcata, Graphic Arts Center, Danbury Printing (BANTA).
He’s a member of Tokeneke Club (former governor and other committees), Tokeneke
Association (past president and board member), DMA (past president , board
member and social committee chairman).
Hobbies- Skiing (National Ski Patrol 25 years), Tennis (GOB’s member),
Watching Grandchildren play high school and college sports.
Edwin J. Sweeney was born in Weymouth, Mass., in 1949 and grew up in Hingham, Mass. He graduated from Archbishop Williams High School in Braintree, Mass., in 1967 and was active on the hockey team for four years. He graduated from St. Anselms College in Manchester, N.H., with a B.A. and the University of Notre Dame with a B.S. in civil engineering in 1972. At Notre Dame, he participated in varsity sailing. He received an M.S. in civil engineering in 1974 from the University of Massachusetts at Amherst. He is a registered professional engineer in Connecticut and California. His working career started as a consulting engineer for Carollo Engineers in Walnut Creek, Calif., in 1974. He joined Dorr Oliver in 1977 as a sales engineer for industrial filtration products and in 1989 became vice president of sales for water and wastewater filtration systems for Dorr Oliver Environmental Systems. In 1989, he joined Krauss Maffei Corp (Munich & Rowayton) as sales manager of industrial filtration and in 2007 was with Flottweg Separation Technology (Munich & Rowayton) as industry manager of filtration systems for petro chemical and mineral processing. Ed and his wife Vivian of 39 years live in New Canaan and have two sons, one living in Darien and the other in London. Ed is a past commodore of Noroton Yacht Club, past president of the Darien Winter Club, member of Silvermine Golf Club, New Canaan Men’s Club and former member of the Darien Environmental Protection Commission. For hobbies, Ed is an active competitive sailor, likes golfing and is an avid Red Sox, Bruins, Patriots and Notre Dame fan.