The Lynchburg Hillcats won their third straight over the Charleston RiverDogs on Thursday
Lynchburg received five innings from their starter
It was an offensive eruption for the Hillcats in the first three innings
Jeffrey Mercedes drove home a run as Tommy Hawke touched home
Ryan Cesarini would follow suit to score Welbyn Francisca
the Hillcats would strike again in the third
Mercedes would open the scoring with an RBI single
Both Luis Merejo nad Mercedes would scamper home
driving home Cesarini and extending the Lynchburg lead to six
The RiverDogs would scratch a run back in the fifth inning as Brailer Guerrero would drive home Larry Martinez with a high grounder that found left field
the Hillcats would add some insurance to put the game out of reach
Espinola delivered a run on a sacrifice fly to center field
Robert Lopez found right field on a ground ball to score Cesarini
Charleston would get one in the ninth on a soft single from Jose Monzon
Lynchburg and the RiverDogs will square off for game four of the series on Friday evening at Bank of the James Stadium
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Joseph “Grandpa JoeJoe” Alfaro passed away at Holston Valley hospital after a brief illness
He was the proud and loving son of José de Jesus Alfaro and Irene DeGeorge Alfaro
Joseph was a native to Detroit but relocated to Tennessee to be with family after his retirement as a supervisor for the Detroit Water Department
He briefly attended Ohio State for race horse husbandry and loved horses
He was a graduate of Holy Redeemer in Detroit
He bravely served his country in the Korean War and was a proud veteran of the United States Army.
Joey was a man who always did the right thing and he always did right by other people
He was passionate about caring for other humans and would give the shirt off his back to anyone in need
He loved spending his time at the theatre with his granddaughters and he loved music and art with all of his heart
He loved his Detroit Teams and cheering them on from their worst to their best
He was the type of person who took in feral animals to keep them warm and he was a passionate supporter of St
Joey was also extremely proud of his Mexican and Italian heritage and enjoyed researching his family’s history
He was passionate about the state of his country and passionate about politics.
He was proceeded in death by the love of his life
and Joseph is survived by his special granddaughters
Kristen and Jennifer Williams; His sister Emilie
all of whom called him “Grandpa Joe Joe.”
Many people who weren’t his family called him “Grandpa Joey” because he opened his arms and his home to everyone
He would help anyone and everyone he could and cared for his family deeply
Joseph was an organ and tissue donor and saved lives through his passing and would implore others to do the same
Jude’s Children’s hospital in his name
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Due to recent events, you can now leave online condolences with each obituary posted on the Kutis Funeral Home website. COVID-19 Funeral Assistance – FEMA is now helping those that have lost a loved one from COVID-19. Click HERE to review the information on eligibility and requirements on the COVID-19 Funeral
Ronald Bernard went home to be with the Lord on Tuesday March 4
Beloved husband of Angeline Teresa Alfaro (nee Tinervia)
Cherished grandfather to Chelsea (Sean) Muncy
Dear great grandfather to Callister Muncy and Sullivan Muncy
Dear son of the late John and Julia Alfaro
Dear brother of the late John Alfaro and the late Adrienne Osburg
He will be laid to rest at Jefferson Barracks National Cemetery
A celebration will be held at a later date
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— A 24-year-old man has now been arrested and charged in the murder of a 15-year-old girl in Chesterfield County last month
The charges previously filed against a 30-year-old man in the case have been nolle prossed
Officers were called to the 6300 block of Pewter Avenue just after 12:20 a.m
they found the 30-year-old man and a 15-year-old girl inside a vehicle with gunshot wounds
The teen was pronounced dead at the scene and the man was taken to an area hospital with life-threatening injuries
Police said the man and teen knew each other
Based on the "initial investigation," the man in the car was charged with second-degree murder and use of a firearm in the commission of a felony
detectives said that as their "investigation progressed and additional evidence was gathered and reviewed," Luis Manuel Cruz-Alfaro
was charged with second-degree murder and use of a firearm in the commission of a felony
Police believe the man in the car and Cruz-Alfaro know each other
Detectives said their investigation into the case is ongoing
Anyone with information about the incident is asked to call Chesterfield Police at 804-748-1251 or Crime Solvers at 804-748-0660 or through the P3 App
This is a developing story. Email the CBS 6 Newsroom if you have additional information to share.
This story was initially reported by a journalist and has been converted to this platform with the assistance of AI
Our editorial team verifies all reporting on all platforms for fairness and accuracy
EDINBURG – Maria De Jesus Reyna De Alfaro
Maria enjoyed watching her favorite football team the Dallas Cowboys and play Loteria with family
Ruth (Julio) Bautista; numerous grandchildren
Funeral services are under the direction of Memorial Funeral Home in Edinburg
Enter your phone number above to have directions sent via text
Channelsreels-443257Reelsarrow-expand-443258Jorge Alfaro's three-run home runRoyals @ BrewersFebruary 27
2025 | 00:00:29add-reel-443259Reelsshare-square-2-443260ShareJorge Alfaro crushes a three-run home run over the batter's eye in center field for his first home run of Spring Training
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TrendingResidentialSouth FloridaALongtime Elliman agent Pablo Alfaro joins CompassAlfaro most recently was sales director at Rivage Bal Harbour
Listen to this article00:001xKey PointsAI Generated.✨This summary is reviewed by TRD Staff
Longtime Douglas Elliman agent Pablo Alfaro joined Compass
Alfaro left Elliman after about 14 years
He’s been involved in sales totaling more than $1 billion over his 20-year career
That includes helping to bring new developments to Elliman such as Faena House
Alan Faena and Len Blavatnik’s ultra-luxury condo building; and Ian Schrager’s Edition Residences
Alfaro joined Compass on Monday
He’ll be based out of the Lincoln Road office in Miami Beach
SIGN UP“I see a lot of major changes going on in the industry
Compass was the best partner for me,” Alfaro said
“I run my business in a very private way.”
Alfaro is the latest agent to leave Elliman for Compass over the past year. In South Florida, that list includes Thor Brown in Palm Beach and Bonnie Heatzig in Boca Raton. More recently, New York broker Holly Parker
joined Compass after 24 years with Elliman
The moves have gone in both directions. While Elliman’s senior vice president of sales for development marketing in Miami, Nikol Solares, left the brokerage for Compass in January, Elliman brought on Drew Backoff as vice president of marketing for new development
Backoff was previously a senior leader at Compass’ development marketing arm
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surrounded by buildings where groundbreaking research was taking place and patients were being cared for
He was accompanied by several content creators and influencers who had been invited to tour the campus of St
Jude Children's Research Hospital® in Memphis
he felt an instant connection."I saw parents with babies the same age as my daughter
and there were people helping them through such a difficult time," he said
It was at that moment that the Guatemalan writer and creator
where the staff strives daily to ensure every child gets the chance to live their best life and celebrate every moment.
"What struck me was seeing the happiness of the children undergoing treatment.; I think that motivated me to get more involved
Jude so people know how incredible their work is with those families," he said
Alfaro is widely recognized for developing Sí Sabo Kids
puzzles and games that foster early Spanish language development while immersing young minds in the colorful tapestry of Latino heritage
along with his creation of the bestselling game Millennial Lotería and his collaborations with various brands and engaging social media content
celebrates identity and bilingualism among Hispanics in the United States
His work aims to represent a new generation of Latinos
"I remember walking into an area of the hospital where there are many flags from different countries
That was very important to me because I understood that this mission is global," he said.
Alfaro uses his digital platform to inspire others to learn about and support the St
such as the Los Angeles Times Festival of Books in Southern California this April
where Mike will have a performance on the Children's Stage
It will combine his passion for culture and education with his commitment to St
donating all the proceeds from his book sales during the event to the institution
“It is a way to build community and hope with St
"It fills me with joy to be able to do this," he said
it provides crucial support exactly when it's needed the most."
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The artistic director of the Magic Theatre talks to the playwright of ‘The Travelers,’ the playscript in our Summer print issue
SEAN SAN JOSÉ: We’ve been working together for decades now
but the journey continues with The Travelers; this truly life-changing experience feels like it wants to keep walking with us
Part of the journey I’ve been having with you is also a journey about the Magic Theatre
It’s a kind of mythical place; it’s got all of its history
even though I hadn’t participated there—just knowing Mame Hunt
and it has a history we’re both so intimately involved in
with people like Jessica Hagedorn and Paula Vogel
The Travelers feels like a play that lives in the building
People that will read the play may notice that the character names for the most part carry the actual given names of the actors
while somehow being about these epic journeys
it’s a room full of people—it’s not a writer-to-actor-alone journey
The last few experiences of working with you and Campo Santo have been deeply emotional
My dad died when we were working on all Alleluia
The Road; that was a show where I just wanted to stop
and you guided me through that journey of grief
the pandemic had been such a part of this play
I never felt depressed or lonely like I felt during the pandemic
So the piece is really an expression of a moment
Normally when I go into a room—I work a lot with Chay Yew
So we’re talking structure and form and story a lot
we didn’t start with the play; we started with this amazing meal with everybody there
You look around and it’s not just the actors: It’s the sound designer Chris Sauceda and the stage manager Lauren Quan
all the collaborators—such as long-time collaborators Joan Osato and Tanya Orellana—who are going to make this thing
There’s something very joyful in feeling held up in community
You fall in love with everybody; you’re very real with everybody
You’re spending a lot of time with people that normally get parsed out to different points of the schedule; everybody starts together
So I never felt like I sat at the table alone
but in my time at the Oregon Shakespeare Festival
I loved being there and writing for very specific people
But rep theatres don’t really exist anymore
So something about this fulfilled something for me around that: writing specifically for people
I’m the writer and I’m gonna sit over here.” But that doesn’t happen in a Campo Santo show
What happens is that everybody’s story is in the show; everybody is in the experience of the creation of the play
The strains inside of this play are really people’s blood and tears
How fun to do a play that’s not a play—that’s more of a ritual
slightly formless in terms of play structure
But I will not allow you to let this experience of your process be told as something where you were merely an observer and you recorded stories
What you did in this piece is really stunning: You created characters and a world and a story
and then almost subconsciously filtered in these soul threads of people’s lives or their stories
It couldn’t really be legible on the page; it wasn’t discernible even while reading it together
It was only experienced when you watched an actor embrace this secretive or unconscious part of themselves
something they buried—as with the characters in the play
the thing that has prevented them from transforming or has them stuck
I think that’s what makes the thing so rarefied
that’s Juan Amador’s story.” That’s why it’s resonating
It’s like putting something in the river; how are you going to see that
Even then you might not see it—you’ll just feel it
I’m thinking about swimming: You jump in the water and, if you learned how to swim when you were two or three or four, you just swim again. That’s the joy of the process I learned from María Irene Fornés: I just let go of everything
there’s this long history of writing plays and thinking about arc and character and everything that you’re supposed to think of
that’s not how you’re leading; you’re leading with your heart
“Fuck that—we’re not telling a straight story
because we haven’t lived straight lives.” Your play has a really clear structure and really strong characters
But I remember a certain point where you led the company
“This ain’t that; we’re doing a different thing.” Do you realize that when you’re writing it
Or was it a new sprout that arose somewhere in the middle
I think the joy of the early years of writing with Irene or Mac Wellman or Paula Vogel—they were all really invitations to bump in the dark a lot
to go into rooms where you had no idea what was going on
write without having to know what your ending is
There’s something very exciting about this for me
let your emotional side be the thing that’s writing the play
Then you have the muscle of writing that’s always with you
that’s not going to let you go too far off the deep end
The combination of those two for me felt like: Okay
I see what’s going on here is that I don’t know what’s going on
but I have to trust that we’re going somewhere
and then the little things will happen—the little breakthroughs and connections start to happen
And the play starts to leave your yellow pad and it starts to have a sound
which I think is always my favorite part of writing—the place when it starts to go away from me because somebody else is now voicing it
“I just don’t know what’s going on here!” You have to be excited about not knowing what’s going on; that’s the joy of making art
is that I just get lost more and more often
and to experiment deeper and fuller and richer and to trust your instincts about what is intuitive and what isn’t instinctual
something very essential about the life-and-death experience
It’s not a surprise that this story came to me
I think it is truly about how we survive in the landscape of America right now
which feels like a dumpster fire but also beautifully possible
We’re always sort of living on that strange edge
I feel that very much in my life right now
how wonderful and possible everything is right now
keeps me filled with the inquiry of people and the joy of discovery
That’s what was so joyful about this experience: being so intimate with actors
We had meals together that will always remain deep in my heart
So much of the play is about what’s happening in this current moment
and where do you find love; and there’s also all the stuff you bury inside the play about the things that have not allowed us to change in our lives
There was a point that I really distinctly remember
you and I talked on the phone every day during rehearsal
I’m interested in characters creating the world.” From the moment you said that
we were able to focus on and embrace fully the people in it
but also that the world was about transformation
If you create an environment of possibility
It was interesting that I had written all of this pre-play—I wrote a play before the play
it starts right at the moment this guy enters with this gunshot wound
I think I would have written three or four scenes before that
We did have these endless scenes with information and how things worked
They don’t necessarily want us to show them how church works; they want to just get to the spirit of the church
the reference points are always interesting
“It’s Beckett.” It’s so interesting that that’s the place they enter from: the absurd
But you and I both know the Central Valley really well
and the Central Valley is as American as you can honestly get
But it also seems like a landscape that’s deserted
Not to be on the nose about “travelers,” but I feel like I’ve been training for this for years
That’s the same place that a lot of our brown and API people came to
where we put our fucking fingers in the dirt and got beat up and shit on and then produced all the food for the fucking country
It’s this crazy disjunct that you’re walking through or driving through
And then all of a sudden I get to work on plays with you and others
like Richard Montoya—people with deep family roots in 99 and what it means sociopolitically
I always feel like if you set something on Highway 99
If California isn’t a statement about the country
It’s not San Francisco or Los Angeles; the Central Valley is the true reflection of both the history and in some ways the future of this whole thing. You don’t have to name every single thing: It’s in the dirt
and let’s never forget that the country we’re living in is filled with people of color
As this play is filled with people of color who’ve been either abused or broken
on whose backs the rest of the country has walked in order to eat
I love being able to be a part of that kind of storytelling—it doesn’t have a protest sign out in front
from your years with ACT UP—all of that energy is still inside your writing
Whether it’s AIDS or poverty or color or immigration status
that something that looks on the surface like a Beckett play is actually to me much more like an act of protest
When you were talking about the Central Valley
I was thinking: There’s a reason why we became collaborators and friends so long ago
Filipino heritage and my Chicano heritage plays into the work
That is slightly different for me from working in the regional theatre; with you I get to really write to the voices of the people
It also shows up in the structure and form that the play takes
I think that if a person lives an experience
so you just have to see them onstage and they tell you their stories without telling you their stories
That’s one of the joys of just watching everybody work
then writing to everybody’s best expression
You’re not losing the thing you want to do in the process
That means that playwriting is not a singular art form at all
I think since we’re in American Theatre magazine
I would encourage everyone in any position any place to say: Believe in the writer
To tell the stories of our ever evolving communities
That means the community of collaborators and artists you’re working with
And the gift works both ways; not only the writers but we get such great gifts when that happens
does the spark of inspiration come out of being in the room with people you enjoy being around?
but the less I separate my art life and my citizen life
the more interesting I am and the better I am
So I keep no line between what I do as a person in my everyday world and what I do in my art world
I wake up in the morning and I do what I call my yoga
so I’m constantly making a community of artists; I’m helping other people make their art
which is to say: It’s a honor to labor and a pleasure to rest
There’s always a drama if you’re working in a university
all of it’s going to be processed and will become a gorgeous little gem
The ridiculous faith that we all must have is to embrace change
The only thing that art asks of me is to change
You and I have been changing together for a long time
You’re not the same guy I met a million years doing a Nilo Cruz play
But change is how we make this work happen
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About
Laura Alfaro wanted to be an economist since she was a young girl in Costa Rica
That she went from studying economics in college in her native country to a professorship at Harvard Business School is a reflection
that she's a bit necia — foolishly stubborn
Even more important: "I had the bliss of ignorance
I didn't know women didn't get Ph.D.s in economics in Costa Rica; I thought it was normal."
while Alfaro was in her doctoral program in economics at the University of California
she had an early exposure to the significance of trade and foreign investment: Intel announced plans for a major investment in her small country
Work was soon underway on a $300 million manufacturing complex there
with direct employment for 2,000 workers and untold indirect jobs
Intel's presence in Costa Rica — which continues today — helped shape Alfaro's research interest in global supply chains and trade in general
a major shift in supply chains away from China
a trend that she has labeled the "Great Reallocation."
Alfaro stepped into a decidedly nonacademic job in 2010
taking a leave of absence from Harvard to become a cabinet minister: Costa Rica's minister of national planning and economic policy
a role that largely combines the functions of the U.S
and Council of Economic Advisers chair regarding economic strategy and policy coordination
mainly because she would otherwise lose tenure (the university generally limits leaves of absence to two years)
her research has explored foreign direct investment
Her work has been published in numerous top journals
Price interviewed Alfaro by videoconference in September
EF: You've studied the economies of Latin America extensively
and you've served as cabinet minister for economic policy in Costa Rica
What lessons do you think Americans should take from Latin American economic experiences
Alfaro: I'll give two positive lessons and one negative
Latin America went through several crises in the 1980s and 1990s
Most of the countries actually have learned from past mistakes
to the point that no Latin American country of this subset — I'm thinking Mexico
This is due to more flexible exchange rate regimes
We used to have bank failures and that's why a crisis was so devastating
But this has not been the case in these countries
Some firms went bankrupt and there were some other bad things that happened
but it was not a systemic financial crisis
I'm not including Argentina; I'm not including Ecuador
The other positive lesson comes from my country
We have had a long history now of trying to get along with the environment
We have protected 25 percent of our country
And I think we have managed to make this into a successful economic proposition
Many people come for tourism and enjoy our national parks
So I do think saving the planet and making money are compatible
I don't see the United States paying attention to unsustainable fiscal debt
Politicians have been just offering to spend money and this at some point comes back to roost
It is true that the United States has advantages
It's the biggest economy in the world; it has its own currency
So we tend to assume that it can go on forever — that when the end of the world comes
sovereign debt will be around along with the cockroaches
I would argue that it would be good if the United States learned from Latin America that populism doesn't pay off
EF: In your work, you've described what you call a "Great Reallocation" in global supply chains — a reallocation away from China
Alfaro: This is a paper that I wrote with Davin Chor for the Jackson Hole Symposium in 2023
We documented this great reallocation of supply chains
The countries that have gained the most are Mexico
what we call high-income Asia — namely
Singapore and South Korea — and middle-income Asia — India and Thailand
But what our regressions and research show is that what brought this about was not the pandemic
The pandemic situation is interesting because during the pandemic
a lot of companies were thinking of reallocating
but a lot of the network of supply was in China
I think during the pandemic we had a view that trade was a problem behind a lot of supply chain issues
I'm actually of the opposite view: Trade saved us
in the United States; everyone wanted furniture and computers and toys and so on
It would have been impossible to deal with the demand
that we observed during the pandemic without our trade with China
the pandemic slowed down the great reallocation
EF: How will this reallocation affect the U.S
the share of imports from China was 22 percent; in 2022
This has been on the back of tremendous growth in the U.S
the tremendous growth of global trade during this period from the U.S
So it's not a move away from trade; it's just a move away from China's trade
"We tend to assume that it can go on forever — that when the end of the world comes
We also looked for evidence of reshoring — operations coming back here — and near-shoring
We did find that a lot is coming to Canada and Mexico
One has to wait because it takes time for investment to materialize
EF: In trying to build more resilient supply chains
are companies embracing more vertical integration — that is
Alfaro: More than one-third of trade in the United States is intrafirm trade
Some of the main players in trade are multinationals importing and exporting to themselves
Whether the firms are responding with more integration
the data that we're using on this study doesn't allow me to tell you
But I will be able to tell you in a year or so because I got access to the confidential census data on foreign direct investment
EF: Does the just-in-time type of supply model have a role here
which are the ones that started just-in-time
actually did better with supply in the pandemic
They just have better relations with their suppliers
and a lot of that flexibility comes from having better relations with your suppliers
These Japanese firms were not the ones that got into big trouble
but what companies will tell you regarding the pandemic period is that no one would have stockpiled that amount
most firms thought it would be like the global financial crisis — it would be a demand problem
car companies thought people wouldn't demand as many cars
And these chips are not so easy to substitute
everyone was buying cars and computers and electronics and houses
China has a strong role in the global supply of rare earth elements
Alfaro: Rare earth elements have the property that
And these are the characteristics of everything we use now
we tend to like things smaller and lighter
Rare earth elements are also used in catalytic converters
There are reasons why a lot of the mining and refining happens in China
Rare earth elements are not rare; they are just very expensive to mine depending on your geological conditions
The United States is full of rare earth elements
some are relatively easy to mine because the site may be just bluffs and sand
It just so happens that China had some that were relatively easy to mine labor-wise
but then also eventually they achieved economies of scale in processing
have byproducts that may be environmentally more complicated
The Europeans at some point decided they didn't want to deal with that
But the Chinese now have an advantage in terms of economies of scale
I've found these issues interesting to look at because it turns out there's a technical side that can be tricky to work through but also fascinating
the last time I took chemistry was in high school
The most helpful books on this subject go deep into the chemical properties of the element and how you mine them
Now I have a periodic table on my wall to help me get through the books
My students always ask about it because they find it puzzling that I have one
EF: You've done something unusual for an economist: You looked at Americans' reactions when they're exposed to positive or negative information about trade and jobs
Alfaro: There seems to be a backlash against globalization
I did this work with Davin Chor and Maggie Chen
I have seen my country in many ways benefit from that era
Even though there have been some undesired effects
has always had the tools to deal with them
has always had the capacity to redistribute
I think a lot is because the education system in the U.S
is not working as well and we never talk about it
We were thinking that what's going on is people have not been explained the benefits of globalization
They're exposed to all these 10-second tweets
and they're just not getting the knowledge of what's going on
That was the objective of the paper: Let's give people facts about trade to see if we convince them that trade is good
has never seen the level of employment it has seen during globalization
If you look at the number of employed people in the U.S
We also showed the fact that the price of goods has come down
The nominal price of computers has gone down
if you tell them there was a loss of manufacturing jobs
But even if you tell them everything positive — it created more jobs
tariffs increase prices — the process still made them more against trade
And so we went and asked people: I just told you trade was good
What we found is that people cannot differentiate trade from a link with China and jobs
it instantly triggers an association with China
So we walked away a little bit more humble because our models are not models that deal with national security
We economists should probably try to think more about how to incorporate national security concerns
Our conclusion is that if we do want people to support trade — and as I said
and we do need to do things to improve redistribution
reskilling — if we want people to be open to it
we need to address the concerns about the particular bilateral interaction with China
Perhaps that reallocation is one way to deal with it
Let's try to trade a little bit more with Vietnam and some other countries
in our own work what we have found is that even as the U.S
indirectly the exposure might still be there
one still needs to worry because people eventually may also note that the relation is indirect
given the concerns of the bilateral relationship with China
EF: In what ways do you think attitudes about trade are likely to change
Alfaro: I don't think they will get better
The tariffs were put in place under President Trump
but President Biden didn't get rid of them
there were more subsidies via the Inflation Reduction Act and the CHIPS Act
it's a contest among politicians as to who does more
EF: You've been on the faculty at Harvard Business School for 25 years
What's the biggest difference there between now and when you started
Alfaro: The environment in many ways is different
The biggest change is that I came to HBS during the globalization era and that's over politically for the time being
I was the one writing the global cases [case-study articles for courses]
doing the first case on the Asian financial crisis
the first case on the Latin American crisis
current account deficit that still gets taught
Now talking about other countries is normal
We always have had people from many countries and walks of life
But topics have changed just because life has changed
Global considerations are part of the way companies do business
I'm starting to see my students now as though I'm their parent
that has some advantages because it gives you a little bit more authority since one has lived through more
EF: Has the role of elite business schools in the U.S
Alfaro: HBS has always been a little bit different because we have always taught this course that is called BGIE — Business
And we have always told students they need to care about the macro trends and they need to have an understanding of politics
It's not because students may want to go into government
It's because they need to understand the processes that bring about taxes
I think that has always been a difference of HBS from other programs
because HBS has always had a general management type of view: We assume you will become the CEO
and these are the things you need to understand
So I don't think that the role of HBS has changed
It just has become more visible that students need to have a view on these macrotrends
from politics and geopolitics to economics to society
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Tim Sablik
Dávila & Scherer (ADS) is a boutique investment-banking firm that provides highly specialized and sophisticated financial advisory on often complicated transactions involving Mexican and foreign companies
Founded in August 2003 and with offices in Mexico City and Monterrey
prioritizing mergers and acquisitions (M&A) and debt restructurings but also providing its expertise in capital raising and other activities
The firm’s goal is to facilitate even the most complex financial transaction for a client
The firm’s partners have more than 105 years of combined experience
including their prior work at some of the most renowned financial institutions in both Mexico and the United States
ADS has a strategic alliance with Moelis & Company (a leading global boutique investment bank that provides advisory services to corporate and governmental clients through 23 offices worldwide)
While ADS’s focus is on local and cross-border transactions involving Mexico
it seamlessly collaborates with Moelis in select situations in which deep industry expertise or specialized product knowledge adds value for its clients
The firm aims to be guided by the specific needs of each of its clients and focuses on building long-term relationships
It thus prefers to be engaged on a select number of projects
ensuring the highest quality and delivering the best results
two partners are involved in each transaction throughout the entire advisory process
International Banker recently asked founding partners Isauro Alfaro and Ricardo Dávila and partners Pedro Scherer
Mariana Fitzmaurice and Rodrigo García Triana a series of questions about ADS’s achievements in the Mexican investment banking space
Thanks to all five of you for being with us today
We’ll start by introducing you one at a time…
What were some of the key challenges you faced when launching the firm
I worked at large investment banks such as Salomon Brothers
I was given more managerial responsibilities
which eventually became boring and bureaucratic
That’s when Ricardo and I decided to start an advisory firm to spend 100 percent of our time with clients
The challenge was to get our first mandate
luck and persistence played a big role in getting ADS a good cross-border assignment very quickly
both you and Isauro previously worked together at Credit Suisse and Donaldson
Was there a specific reason why you both decided to leave those firms and subsequently create ADS
Was there anything lacking in those firms from a business and/or a client-service perspective that you were able to resolve at ADS
Our experience at those firms was very enriching
Working at bulge-bracket firms allowed us to participate in large
sophisticated transactions around the world
jobs at large investment banks tend to become more and more administrative
That leaves less time to focus on the origination and successful execution of transactions
Isauro and I recognized that there was a latent need in Mexico for independent
unconflicted and sophisticated strategic advice
We strongly believe that we offer our clients value-added services based on trust
the close involvement of highly experienced bankers and deep knowledge of the Mexican market
What would you say are the key attributes that a successful investment-banking firm such as ADS must possess in order to maintain excellent long-term customer relationships
And what specifically does ADS offer to ensure that its customers receive superior service compared to competitors
I would say the key is earning our clients’ trust (which comes from having their best interests as our top priority)
and being open and transparent throughout the process
always keeping in mind that the transactions we work on range from highly strategic to transformational
I think the key differentiators at ADS are our people and the culture throughout the firm
which is completely focused on deeply understanding each unique situation and delivering the best outcomes for our clients
what would you say are the key factors that help to elevate ADS’s reputation above that of your competitors in the local market
And how specifically can the firm continue to boost its reputation over the next 12 months and beyond
I would highlight the following three factors: the quality of our strategic partnership
the expertise of our team and our strong commitment to excellence
our strategic alliance with Moelis provides us with industry-specific insights and access to a global network
our rigorous recruitment and training programs ensure that our team consistently operates at the highest standards
All of our bankers undergo training in New York through the same programs used by leading Wall Street firms
our team’s proven track record in executing highly complex transactions
along with senior attention during all phases of a transaction
has earned us a reputation for reliability and delivering exceptional results
we plan to deepen our collaboration with Moelis
enabling more Mexican companies to benefit directly from its sector and product expertise
Moelis is a leading global independent investment bank providing strategic advice and solutions to clients through 23 offices in North and South America
For what main reasons did ADS decide to form a strategic alliance with Moelis for operations in Mexico
And what does this partnership enable ADS to achieve that was previously not possible
We are very fortunate to have Moelis & Company as our international partner
They have extraordinary capabilities and are very easy to work with
we regularly see different senior colleagues getting involved in parts of a transaction that require their specific expertise for the benefit of our clients
Having a team of several senior bankers involved in a single transaction is not very common in our industry
but we find that “delivering the firm” with all its capabilities makes a significant difference
we believe the combination of specialized professionals
global reach and local execution capabilities with a robust and experienced senior team is beneficial for ADS’s clients
What have been some of the key challenges facing ADS when executing and concluding cross-border transactions
And how does its partnership with Moelis help ADS resolve some of those challenges
The great majority of transactions we are involved in are cross-border
different accounting standards and sometimes even cultural differences
it is important to have an experienced team that is prepared to respond quickly and efficiently and is deeply involved in all aspects of a transaction
when a transaction involves specialized industry or product knowledge
such as capital markets or the need to reach a particular potential investor in a given geography or sector
ADS has achieved major milestones in advising its clients on strategic transactions
capital raisings and debt restructurings in Mexico and abroad
What was the firm’s single most significant accomplishment during this time
Our biggest accomplishment is that for over 21 years
ADS has had a great partnership where all the partners are team players and share a common philosophy of integrity
free of conflicts that may arise from a multi-product platform”
What are some of those “conflicts that may arise”
And do you have any specific examples of how the firm avoids such conflicts in practice
A very common conflict in this field is when an advisor recommends that a company do a deal
even if it’s not clear that it’s in the best interest of the client
We pride ourselves on having advised our clients many times not to complete a transaction if it does not make sense or is not the right time
tombstones of transactions that did not close because we recommended not doing them than those we have closed successfully
we have been very clear from the beginning about taking the long view and putting our clients’ interests first
This has led to building trust and continued recommendations from existing and former clients
is geopolitical risk much of a concern to ADS in 2025 in terms of its influence on the investment-banking environment in Mexico
Relations between the United States and Mexico
could become a growing concern over the next few years under their respective new administrations
Could this influence investment banking and dealmaking activity within the Mexican market
It is true that the current geopolitical environment introduces volatility
The reality is that Mexico is well positioned not only geographically but also through its strong manufacturing base and integration with the US to continue being an important ally and have a mutually beneficial relationship
While we see some companies delaying certain strategic decisions until they have more clarity
we also see strong continued interest in Mexico from sophisticated investors who recognize the latent opportunities in Mexico not only as an important market on its own but also as a springboard to serve the US market in many cases
given your own extensive investment-banking experience
what is your outlook for dealmaking activity over the next 12 months or so
We are currently seeing an increase in M&A activity but remain cautious
One of the key advantages of our business model is that it is countercyclical
allowing us to rapidly adapt to changing market conditions
whereas during economic shocks or periods of slow growth
we shift our efforts toward debt restructurings
all of our ongoing M&A deals were put on standby
but we immediately pivoted to restructurings in industries such as real estate
are you satisfied with the level of gender equality and diversity that currently exists at ADS
And how exactly does the firm strive to recruit and promote diverse talent
especially in an industry that tends to attract fewer female professionals
The investment-banking industry has historically been male-dominated; however
we’ve always made a conscious effort to hire and promote female professionals
having joined the firm in 2008 as an analyst straight out of college
I believe this gives us a distinct advantage in recruiting more women compared to firms with all-male teams
and we remain committed to continuing our efforts toward building a stronger
we would love to have more female colleagues
as we truly believe in the richness that stems from complementary points of view
ways of working and diverse perspectives and how this ultimately benefits our own team and our clients
One of the bank’s key principles involves maintaining strong levels of confidentiality: “We strive to create value for our clients and earn their trust by taking confidentiality very seriously.” In terms of specific company policies and/or any other approaches taken by ADS
how exactly can clients be assured that confidentiality will never be breached
they’re entrusting us with something deeply personal—their life’s work
That’s why confidentiality is non-negotiable for us
A breach wouldn’t just impact a transaction’s success; it would break the trust we’ve worked so hard to build
Every banker at ADS signs strict NDAs (non-disclosure agreements); we implement corporate policies based on industry best practices; and we use advanced technology to safeguard sensitive information on every project
selecting individuals who not only excel technically but also understand the importance of their jobs
Continuous training reinforces our team’s awareness of how their actions impact our clients and the trust they place in us
what would you say are some of ADS’s qualities and advantages that clients most value (for example
speed and agility during the dealmaking process)
Do you believe that clients receive a higher-quality service at ADS than they would at a large bank
we think that the quality of our service is as good or better than that of large investment banks
the teams that work on our assignments are always “A” teams because we don’t have “B” teams like some of the large banks
when a transaction requires a higher level of specialization
like a Chapter 11 restructuring or a cross-border deal in certain countries or industries
our partner Moelis & Company provides that capability
I would say that clients value having a trusted advisor who is able to provide independent advice in a timely manner and execute each transaction efficiently
fulfills the role of trusted advisor in every way
It was a great pleasure speaking with all five of you today
and website in this browser for the next time I comment
Pham — Commodity Futures Trading Commission (CFTC)
Scott O’Malia — International Swaps and Derivatives Association (ISDA)
Marco Annunziata — Annunziata + Desai Advisors
Ken Simonson — Associated General Contractors of America
Handorf — George Washington University School of Business
Salvatore Cantale — International Institute for Management Development
Peter Nathanial — International Institute for Management Development
Xu Hu — Chinese Academy of Financial Inclusion (CAFI)
Rafael Amiel — S&P Global Market Intelligence
Maria Paula Bertran — University of São Paulo
Alejandro Duran-Carrete — Alejandro Duran-Carrete
Lucas Lopes de Freitas — University of São Paulo
Rodrigo Caputo — Universidad de Santiago de Chile
Constantin Gurdgiev — University of Northern Colorado
Miguel Moreno Tripp — EGADE Business School
(WSET) — Lynchburg starting pitcher Jervis Alfaro dominated the Hillcats home opener
throwing 5 innings of shutout baseball in a 4-0 win at Bank of the James Stadium
Alfaro was rarely challenged on the mound for Lynchburg (3-1)
while the pitching staff struck out 11 batters total
Kannapolis (1-3) went 0-4 with runners in scoring position
and Garrett Howe all added RBI hits for Lynchburg
The series runs through Sunday at Bank of the James Stadium
This versatility makes him an excellent addition to the CTPE team.
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MLB Trade Rumors
By Darragh McDonald | January 16
The Brewers and catcher Jorge Alfaro are in agreement on a minor league deal with an invite to major league spring training, reports Robert Murray of FanSided
His power was considered his best trait and he has occasionally showed flashes of tapping into it during his big league career but he has largely undercut that with his lack of plate discipline or contact skills
he has appeared in 496 major league games and stepped to the plate 1,710 times
Only 4.2% of those ended with Alfaro taking a walk while 34% of them resulted in a strikeout
Both of those numbers are well worse than typical league averages
He did launch 48 home runs in there but his .253/.302/.393 batting line leads to a wRC+ of 86
That middling glovework would perhaps be acceptable with big offensive numbers but Alfaro hasn’t been able to provide that
The Brewers have a strong reputation for improving a catcher’s defense
so perhaps they can give Alfaro a bit of a bump there
since he essentially missed the 2024 season
He signed a minor league deal with the Cubs but was released just before Opening Day and didn’t sign anywhere else
he has been playing winter ball this offseason and performing well
In 12 games for Tigres del Licey of the Dominican Professional Baseball League
He had seven strikeouts in 36 plate appearances
He started 2024 at the Triple-A level but required shoulder surgery after just one game and missed the rest of the year
has just one game of Triple-A experience and missed essentially a full season
the Brewers will probably not want to push him too hard to start 2025
Alfaro might slot in as #3 on the club’s depth chart right now behind Contreras and Haase
though further moves could obviously change that
He’ll give the club some experienced non-roster depth who could step onto the roster if an injury creates a need
Milwaukee Brewers Transactions Jorge Alfaro
I guess they saw writing on the wall that wasn’t there
Yep with Will Stewart & Sixto Sánchez and some said JTR is great but we are trading away the future
sas – Yes because competent catchers are like gold these days
These are spring training catchers hope we don’t have to ever use them
It’s disappointing his BBR profile photo doesn’t show off his beautiful flow
Plays bad defense and can’t hit either
He hit an occasional dramatic HR and mostly was bad otherwise
Do the Yankees have a back up after trading Trevino??
Jomboy mentioned it during an episode a few weeks back
some catcher from the Reds that they got in the Jose Trevino trade
but he’s the right-handed replacement for now
Originally a 1st round pick that never reached his full potential
Not to be confused with Alan the country music superstar who had a magnificent mustache and was on those Kmart clothes ads in the day
He did not hit well for the Padres but had a knack for walk-offs
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Office sought: Elgin City Council (Vote for 4)
Occupation: Latinx Business Development Manager
What is the most serious issue your community will face in the coming years and how should the city council respond to it
A strong local economy is vital as we navigate rising inflation
Department of Labor highlights the severity of inflation — egg prices surged 53% over the last year
These price spikes are forcing residents to carefully reassess their spending habits and financial priorities
I would make strategic investments aimed at these economic results:
Create joint awareness campaigns to promote economic assistance programs
Address retail sales leakage — Elgin Development Group's 2021 Retail Market Analysis
Elgin residents spend about $240 million outside our community
Strengthen our physical and organizational infrastructure
How would you describe the state of your community's finances
What should be the top priorities for spending during the next few years
Are there areas of spending that need to be curtailed
Elgin's financial strength is evident by our exceptional bond ratings
Our city maintains a healthy reserve fund while operating on a budget that eliminates unnecessary spending
I will collaborate with fellow council members and city staff to be financially responsible
and property taxes while ensuring our community receives essential services
We must balance these competing demands thoughtfully to limit the tax burden on our residents
We can strengthen our financial position by addressing retail sales leakage and fostering business growth throughout Elgin
This strategy would fund key priorities: upgrading water infrastructure
establishing a fire station in Highland Woods to ensure timely emergency response
and maintaining appropriate staffing levels to serve our growing community
Through innovative solutions and careful planning
we can meet these needs while preserving Elgin’s legacy of strong fiscal management
What do you see as the most important infrastructure project the community must address
what project(s) can be put on the back burner
Water infrastructure is a critical priority for our community — addressing safe
Our focus must be on removing all lead pipes
and ensuring our distribution system meets the highest reliability standards
To fund these essential upgrades without burdening taxpayers
One significant opportunity lies in addressing our retail sales leakage — about $240 million in annual resident spending occurs outside our community
By recapturing even a portion of this spending
we can generate sustainable funding for critical infrastructure improvements
While economic uncertainties may require postponing some non-water-related capital projects
strategic planning and creative funding approaches will maintain momentum on essential water infrastructure upgrades
Through careful prioritization and innovative thinking
we can ensure Elgin’s water system serves our community safely for generations
Describe your experience working in a group setting to determine policy
What is your style in such a setting to reach an agreement and manage local government
Explain how you think that will be effective in producing effective actions and decisions with your city council
My approach to policymaking is thorough and community-focused
including studying the outcomes of similar policies in other communities to learn from their experiences
engaging deeply with stakeholders to understand their priorities and concerns throughout the policy development process
My commitment to inclusive governance means ensuring all affected parties are well-informed and have meaningful opportunities to shape decisions
I maintain open communication channels and respond promptly to questions and concerns
leads to more effective policies that truly reflect community needs and values
This experience in building consensus and making data-driven decisions will serve our community well on the city council
where my priority will be ensuring that policies authentically represent our residents’ voices and aspirations
What makes you the best candidate for the job
I am uniquely qualified to serve on Elgin's city council
bringing a powerful combination of professional expertise
I understand firsthand the transformative power of community support
Qualifications include over 10 years in federal regulatory compliance in higher education
and 5-plus years driving economic development at the state level
focusing on removing barriers for marginalized business owners
My leadership approach combines data-driven decision-making with deep community engagement
and International Public Service from DePaul University
I combine academic knowledge with practical experience
and drive inclusive growth makes me ideal for helping shape Elgin's future on the city council
What’s one good idea you have to better the community that no one is talking about yet
I propose creating a pilot City Economic Development Advisory Group
This diverse coalition would unite local business owners
stay-at-home parents and city staff to shape our economic vision
Develop strategies to increase local spending by Elgin residents and neighboring communities
Expand community engagement in economic initiatives
Identify and address emerging economic challenges
This inclusive approach ensures we tap into the collective wisdom of our community
Economic development is key because it powers everything from infrastructure to job opportunities and reducing those experiencing homelessness
and measurable outcomes for Elgin’s long-term prosperity
Channelsreels-439349Reelsarrow-expand-439350Kyle Freeland strikes out Jorge AlfaroBrewers @ RockiesFebruary 23
2025 | 00:00:14add-reel-439351Reelsshare-square-2-439352ShareKyle Freeland ends the top of the 1st inning by striking out Jorge Alfaro
Share on FacebookShare on X (formerly Twitter)Share on PinterestShare on LinkedInPOLK COUNTY
(WWSB) - The Polk County Sheriff’s Office arrested and charged an illegal immigrant from Guatemala for sexual battery by a custodial figure and child abuse
Those felonies have now been enhanced and upgraded one degree due to the fact that the suspect is here illegally in the country
Alvaro Alfaro Jimenez was taken into custody on Feb
“This is the first case so far in our county
where we are able to increase the severity and penalty of felonies committed by a suspect who is in our country illegally
his crimes are the worst of the worst - he has been sexually abusing a girl for several years
This brave young victim reached out for help
and we will make sure she receives all the resources available to be able to recover from this terrible abuse,” said Sheriff Grady Judd
The victim contacted the sheriff’s office for help
and with the aid of a Spanish-speaking deputy and detective
she reported that she was brought to the United States illegally by the suspect in 2019
where they first went to Michigan and South Carolina
the suspect has not enrolled the victim in school and has kept her enslaved inside the home in Mulberry
where he repeatedly sexually abused her for approximately three years since she was 12 years old
The victim was immediately taken to a local hospital to be examined and treated for abdominal pain
The Florida Department of Children and Families has taken custody of and is caring for the victim
was booked into the Polk County Jail and charged with four felonies
including sexual battery by a custodial figure
He is being held in the Polk County Jail on no bond
Pursuant to Florida State Statute 775.0848
the criminal charges are upgraded one degree due to the suspect’s specific illegal entry into the United States and the state of Florida
According to Immigration and Customs Enforcement
Jimenez unlawfully entered the United States in 2019
Tony Alfaro—a 20-year veteran of the Chesterton Police Department’s Patrol Division—will be leaving the street early in 2025 to begin his new assignment as a School Resource Officer (SRO) at Liberty Intermediate/Middle School
the kind kids take a shine to but also respect because he respects them as well
whom parents want to see riding herd on their children
“He’s great with kids and he’s the right kind of person to take that position,” Police Chief Tim Richardson told the Police Commission at its meeting Thursday evening
"I am honored to be assigned to the role of SRO for the Duneland School Corporation,” Alfaro said
“I grew up in this fantastic school district and attended Liberty Middle School
I am looking forward to making a positive impact on the students at Liberty Middle/Intermediate Schools and I can't wait to start my new assignment there.”
Alfaro will be the sixth CPD officer tasked to SRO duty
after the Porter County Sheriff Jeff Balon was forced by staffing concerns to reassign the Sheriff’s Department’s own SRO from LIS
Alfaro will be joining a seasoned and popular SRO team:
Chris Swickard: Chesterton High School.*Cpl
Jacob Ray: Westchester Intermediate/Middle School.*Officer Adam Alicea: Bailly
and Yost elementary schools.*Officer Shauna Jesse: Chesterton High School
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who led the team in the CONMEBOL Copa América 2024™
“The feeling towards a national team is sublime; I want wearing the Paraguay jersey to be something that’s earned
because there is a lot of quality and quantity of players
It's not easy to get a player to perform the same way in their club as in a national team
and the challenge is for the players to adapt to the national team
we just need to work hard,” Alfaro said during his presentation
Alfaro comes from coaching Costa Rica
which he led and managed in the last CONMEBOL Copa América™
a team with which he reached the Quarterfinals
Alfaro's coaching staff will include Carlos González (Assistant Coach)
Gustavo Alfaro's debut with Paraguay will be on September 6th, in the South American Qualifiers
in the playoff spot for the next World Cup
Senior Operations Officer in the Country Advisory and Economics unit of IFC
Mayra Alfaro de Morán has over twenty years of expertise in designing and implementing projects focused on private sector development
She serves as a Senior Operations Officer in the Country Advisory and Economics unit of IFC
She is the team leader for the Caribbean Green Finance Framework project
This initiative has not only contributed to the development of the Dominican Republic Green Taxonomy but has also paved the way for sustainable and environmentally friendly practices in the private sector
Mayra holds an MBA from the University of Delaware in the United States
she has pursued post-graduate studies at institutions such as Georgetown University and Instituto Tecnológico de Monterrey
COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER
Gustavo Alfaro is no longer the head coach of the Costa Rican Men’s National Soccer Team
as confirmed by the Costa Rican Soccer Federation (FCRF) in a brief press release
“The FCRF informs that head coach Gustavo Alfaro has decided to leave his position as coach of the Costa Rican National Team
Alfaro and his staff for their dedication during their time in charge,” the Federation stated
He leaves with an average of 1.45 goals scored per game and 1.22 goals conceded
Alfaro faced a 0-3 loss to Panama in the Nations League and a similar defeat against Colombia in the Copa América group stage
His standout victory came with a 4-0 win over St
Kitts and Nevis in the first elimination match at the National Stadium
Continuity has been a recurring challenge for the national team
rumors circulated about Alfaro being courted by other national teams
Paraguay later confirmed their interest in securing his services
affirmed that Alfaro remained part of the national squad
Alfaro’s departure brings a financial benefit to the Costa Rican Soccer Federation
as Paraguay and Alfaro are required to compensate the Federation with a sum close to $400,000
Paraguay is reportedly offering Alfaro five times his Costa Rican salary
which influenced his decision to pursue a new challenge
the former ‘La Sele’ coach has not publicly commented on his departure or his next steps
the Costa Rican Federation has begun the search for a new coach to lead the team through upcoming challenges and prepare for the 2026 World Cup
we will continue building towards the 2026 World Cup
We will keep our fans informed and reaffirm our commitment to the development and success of national soccer,” the Federation added
A former teacher at a Derwood church pleaded guilty Tuesday to sexually abusing a minor and three counts of third-degree sexoffense
according to Montgomery County Circuit Court records
He entered the plea before Judge Margaret Schweitzer
The charges stem from a May 2023 report in which a victim accused Alfaro-Lopez of sexually assaulting her when he was her teacher at a church on the 15700 block of Crabbs Branch Way in Derwood
Investigators determined the offenses occurred between 2016 and 2018
when the victims were between 6 and 12 years old
after an investigation by the Montgomery County Police Special Victims Investigations Division
State’s Attorneys John Grochowski and Lauren Fetsch are prosecuting the case
Kiliane Gateau is an intern at Montgomery Community Media
and is currently pursuing a master's degree in broadcast journalism at the University of Maryland
Recognized as one of ADWEEK's Top 100 Creatives of 2024 and one of TikTok's 2023 Latinx Visionary Voices
he also earned a spot in the inaugural class of the LA Times 2022 Vanguardia List—celebrating Latino innovators
and power players breaking through barriers for his work creating the best selling Latino game Millennial Lotería and his new line of bilingual education books
Millennial Lotería was originally a creative outlet for Mike Alfaro
it caught the attention of Latinos and major retailers in the US
Adweek is the leading source of news and insight serving the brand marketing ecosystem.