The Mortgage Banker’s Association (MBA) announced earlier this week that Jonathan L. Kemper, current President and CEO, will be stepping down on December 31, 2008. According to the same MBA statement, during Kempner’s seven years with the MBA, the association doubled its revenues and operating reserve fund.

“This has been an extremely intellectually stimulating and rewarding period in my professional life,” said Kempner. “Navigating the highs and lows of the real estate cycles, with a first rate leadership and wonderful membership, afforded me a rare opportunity to contribute to one of the most important industries in our society. I am very proud for the extraordinary staff I have helped assemble at MBA, as my colleagues’ dedication, intelligence, and expertise make a true difference in the overall quality of life for many Americans. MBA’s mission, I am convinced, will be enhanced with new leadership, and on a personal level I very much look forward to a new position of leadership myself after nearly eight wonderful years at MBA.”

Kieran P. Quinn, MBA Chairman of the Board of Directors had this to say of Kempner, “Jonathan has been an exceptional leader for MBA. He has led a major transformation in our operations, and put in place a first rate staff that is widely acknowledged to be one of the most effective in the Washington association world. He has poured his heart and soul into MBA with the highest degree of professionalism, integrity, and devotion to our members, and always with a personal warmth and sense of humor. The entire MBA family will miss him.”

Quinn also announced that John A. Courson, former MBA Chairman, will become their COO effective August 1, and will assume the position of President of MBA, effective January 1, 2009.

Quinn said that, “John Courson brings tremendous industry knowledge, business savvy, and political skills to MBA. John has worked tirelessly on behalf of our industry for more than 40 years. He has been an advocate ensuring safe and affordable housing for all Americans and for simplifying the mortgage process. We are lucky to have John join MBA and steer our association to represent the real estate finance industry as we continue to build America’s communities.”

Courson, who currently serves as Chairman of the Board of Directors of the California Housing Finance Agency, served as Chairman of MBA in 2003 and as a member of MBA’s Board of Directors, the Residential Board of Governors (RESBOG) and the Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG).]

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Katherine Rose Novak, a director at Arthur Young & Co. in New York yesterday, was married to James Stockard Vick International Treasury Manager of American Standard Inc. in New York. The Rev. Thomas Buckley, the ceremony of the Saint Francis of Assisi Roman Catholic Church in Medford, Mass.

The bride, daughter of Mr. and Mrs. John E. Novak of Medford, is a graduate of Newton (Massachusetts) College and Sacred heart of the New York University Graduate School of Business Administration. His father, retired, he was a professor of science at Framingham, Massachusetts, and her mother, Claire Hassett Novak, a second career teachers to school in Medford Davenport. My maternal grandfather, the late George P. Hassel was a Democratic state legislator Massachuetts and City Clerk of Medford.

Mr. Vick is a son of Mr. and Mrs. William L. Vick of Penfield, NY He was graduated from Ridley College in St. Catharines, Ontario, Hamilton College and the NYU Graduate School of Business Administration. His father is an industrial management consultant and his mother, Louise Stockard Vick, founded the farm school for children in pre-Penfield. His Ur-Ur-grandfather, the late James Vick, James founded Vick Seed Company in Rochester.

Louis Banks, a former editor of Fortune magazine and former editor of Time Inc., died Sunday at his home in Naples, Fla. He was 77

The cause was congestive heart failure, Fortune said in a statement yesterday.

Mr. Banks, when began in 1945 as a correspondent in Los Angeles office. He was editor of Fortune from 1965 to 1970 and as editor from 1970 to 1973, he occupied the second position in the editorial Time Inc.

He wore a number of new businesses, especially money Magazine. It as a member emeritus of the Corporate Board reached in the year 1987, when he reached the age of 70.

Mr. Banks was in Pittsburgh was born and raised in southern California, where he studied economics at UCLA during the Second World War, he was Marine pilot in the Pacific with the rank of lieutenant.

In 1969, he took a sabbatical to study at Harvard University as a Nieman Fellow Research. Kehrte it Time Inc, whether tenders Editorial Director’s Post, with a seat on the company.

In 1973, he was a visiting professor at Harvard’s Graduate School of Business Administration.

Mr. Banks leaves his wife, Mary Campbell banks, four son, Robert L., William C. and Theodore R., a daughter, Margaret Czekaj banks, and eight grandchildren.

Significant progress of interest for the chemical industry (CPI), no doubt, continue to arise in catalysis and other aspects of chemistry. But, as part of the industry to make the most of their duty draw similar progress in the engineering of chemical reactors.

Chemical Engineering reactor to understand:

(1) What chemical transformations should take place

(2) How will these changes occur quickly

(3) What is the best way to discover the desired changes

Based on this understanding, engineering reactor include the hardware and minutes of configurations operating system for the reactions desired, without compromising on safety, environmental and economic constraints. The hardware and operating system minutes were manipulated to ensure that the delivery (or elimination), materials and energy will be in the right place at the right time.

Clearly, various types of reactors and economies of scale in practice, are required to have an impact on the requirements specific to the desired reaction. Where the economy of scale is the main factor (for example, the production of fuels, polymers, fertilizers and cement, water and waste treatment …

“Students need dreams in their head, compassion in their heart and fire in the belly to achieve success”, said Dr Mujumdar, Founder-Director, Symbiosis Society, Pune.
He was speaking at the Annual Convocation ceremony for the Class of 2002, Symbiosis Institute of International Business (SIIB).
Close to three hundred people were gathered in the main auditorium of the Vishwa Bhavan to bid a final adieu to the class of 2002 at the 10th annual convocation ceremony. The keynote speaker was Dr I G Patel, former governor, RBI.
Dr Mujumdar delivered the welcome address that was followed by a presentation on the college. Soon after, Dr Patel delivered his convocation address where he mentioned that it was ‘more important to ask the right questions than have the right answers; that it was critical to remember the value of trust and ethics in business’.
Representatives of the Class of 2002 shared their experiences with the house and thanked their alma mater.
The ceremony concluded with a felicitation of both Sharad Marathe, chairman advisory body and Dr I G Patel. Dr Mujumdar the gathering that out of a total of 40,000 foreign students studying in the country, Pune educates 9,000 of them.