Money principal – Agapes GR http://agapesgr.org/ Mon, 27 Jun 2022 02:02:20 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://agapesgr.org/wp-content/uploads/2021/06/icon-2021-06-25T194407.031-150x150.png Money principal – Agapes GR http://agapesgr.org/ 32 32 King’s School to install plunge pool in headmaster’s on-site residence as plan sparks backlash https://agapesgr.org/kings-school-to-install-plunge-pool-in-headmasters-on-site-residence-as-plan-sparks-backlash/ Mon, 27 Jun 2022 01:24:14 +0000 https://agapesgr.org/kings-school-to-install-plunge-pool-in-headmasters-on-site-residence-as-plan-sparks-backlash/ Outrage as head of one of Australia’s most expensive schools is allowed to install a luxury plunge pool in his private residence: ‘Doesn’t pass the pub test’ The headmaster criticized plans to build a plunge pool in the school’s residence on site King’s School headmaster Tony George had plans approved by the board Questions raised […]]]>

Outrage as head of one of Australia’s most expensive schools is allowed to install a luxury plunge pool in his private residence: ‘Doesn’t pass the pub test’

  • The headmaster criticized plans to build a plunge pool in the school’s residence on site
  • King’s School headmaster Tony George had plans approved by the board
  • Questions raised about the school’s expenses and high tuition fees for its students

The principal of one of the country’s wealthiest schools has come under fire for plans to build a luxurious plunge pool at his on-site residence.

King’s School principal Tony George received council approval on Friday to install the two-by-three meter swimming pool at the North Parramatta campus in Sydney’s west.

The school already has two heated swimming pools, one 50m and one 25m, which sparked outrage from Federal Education Minister Jason Clare, who said a third was totally unnecessary.

The plan has raised questions about the school’s spending habits, where parents are already paying up to $40,000 a year and the government is providing $21 million in support.

“Federal governments have a long history of funding non-government schools and will continue to do so,” Clare said.

“While 76% of this school’s funding comes from parents’ pockets and other private sources, I think most Australians would say the plunge pools for headmasters don’t pass the pub test.”

King’s School principal Tony George has received council approval to install the plunge pool in his on-site residence at the North Parramatta campus in Sydney’s west.

Plans for another pool have raised questions about school expenses, high $40,000 tuition from parents and $21 million in government support

Plans for another pool have raised questions about school expenses, high $40,000 tuition from parents and $21 million in government support

The King’s School released a statement saying the new swimming pool would still belong to the school, the Sydney Morning Herald reported.

“The board has approved this and the manager’s fee will be adjusted to reflect these expenses,” the statement read.

“The residence and the swimming pool will remain entirely the property of the school.”

Daily Mail Australia has contacted The King’s School for comment.

Mr George has come under scrutiny after he booked business class flights for himself, his wife, his assistant and their partner for a trip to the UK.

The group had flown overseas to watch the school’s rowing team compete in the Henley Royal Regatta.

A parent said some students had worked hard to raise money for the trip by organizing sausage sizzles, raffles and auctions.

Another parent, who wished to remain anonymous, said there were concerns about how the money was being spent.

“Parents are genuinely committed to the school and there are significant and immediate issues about where the spending is going,” he said.

The King's School released a statement saying the new pool would still belong to the school

The King’s School released a statement saying the new pool would still belong to the school

Mr George earns more than $700,000 a year as headmaster of the school, which is $150,000 more than a prime minister’s salary, the Australian Financial Review reported.

Parents must pay tens of thousands of dollars a year to send their children to school, with senior year fees costing over $40,000.

The school hit $80 million in revenue in 2020, including $21 million from the federal government, according to federal government data.

Former head of the NSW education department, Ken Boston, has questioned the amount of taxpayers’ money funneled to the school.

“How much more would that add to the growth of our national stock of human capital? And there is absolutely no accountability for this waste,” he said.

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PHS’s Jensen named Deputy Director of the Year for Region 16 https://agapesgr.org/phss-jensen-named-deputy-director-of-the-year-for-region-16/ Sat, 25 Jun 2022 09:00:00 +0000 https://agapesgr.org/phss-jensen-named-deputy-director-of-the-year-for-region-16/ By John Lee | pampanewseditor@gmail.com | Twitter: @jcl1987 Pampa High School will now have a familiar face depicted in the halls of the Region 16 Education Resource Center in Amarillo. Assistant Principal Michelle Jensen was named Assistant Principal of the Year for Region 16 and said the honor was not earned by her alone. “I […]]]>

By John Lee | pampanewseditor@gmail.com | Twitter: @jcl1987

Pampa High School will now have a familiar face depicted in the halls of the Region 16 Education Resource Center in Amarillo.

Assistant Principal Michelle Jensen was named Assistant Principal of the Year for Region 16 and said the honor was not earned by her alone.

“I was excited and honored,” Jensen said. “I’m super proud. It is not a reward for one person. I can’t do my job without the team we have here. It’s just Mr. (Clay) Jones and me alone this year. Obviously, he’s just as worthy as I am. It’s teamwork.

Jensen highlighted the various department heads and secretaries who helped make the 2021-22 school year a success.

Jensen will enter his 10th year in teaching in 2022-23, having spent all nine years at Pampa. She began her career as an English teacher and even an assistant basketball coach, until health issues led her to stop coaching.

“I’m a dialysis patient because I’m in end-stage kidney disease,” Jensen said. “It’s an interesting situation, you might say, but I try not to let it get in the way of my doing my job. It takes a bit of planning, organization and anticipation. We make it work though.

Jensen feels lucky it’s a matter she can handle at home and said she was on the transplant list.

Jensen is in her second year as vice principal at Pampa High School.

In a past life, Jensen served as a banking officer at First United Bank for eight years in Canyon while attending college.

“I haven’t had that many jobs,” Jensen said. “I worked at the YMCA of Colorado Springs as an administrative coordinator for, I think, eight years. Then I taught a little preschool for about a year before going to the bank for about eight years. J tend to stay.

After earning her Bachelor of Arts and Master of Arts in English (She also earned her primary certification from Lamar University in 2020.), Jensen made the decision to teach and got a job at Pampa in 2014.

“We took the step and we’ve never worried about it since,” Jensen said. “It’s the best decision I’ve ever made. We love the city, we love the people. It’s great for my kids. »

Besides being a good place to raise a family, Jensen said Pampa is a great place to work in education because of the community support.

“I love going to the store and seeing people I know or the kids at their work,” Jensen said. “I like that it allows us to network quickly so we can help students better. If I know the person who owns Flipz and a student who is a good student and needs a job, it’s more easy to network and help kids with internships, jobs and referrals.

“Here, people know the children or the parents. People are very generous with time, money and most of the time, if we say a need, the community provides it.

Then Jensen has some work to do to advance to the next round of Deputy Principal of the Year.

Jensen has three children, Rhys, Sean and Abby. Rhys recently graduated from the University of Texas at Arlington, Sean attends Friends University in Wichita, Kan. and Abby is graduating from Pampa High School this year and will attend West Texas A&M University next year.

As for his hobbies, Jensen enjoys reading and writing, spending time with his family, his dogs, and his friend Lisa Mitchell. She loves to travel, but with dialysis, logistics can complicate things.

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NYC quietly cuts per-student funds under controversial formula https://agapesgr.org/nyc-quietly-cuts-per-student-funds-under-controversial-formula/ Thu, 23 Jun 2022 01:39:00 +0000 https://agapesgr.org/nyc-quietly-cuts-per-student-funds-under-controversial-formula/ The city’s Department of Education has used a controversial budget formula to quietly cut the funds New York public schools are expected to receive per student next year, The Post has learned. In an internal memo obtained by The Post, DOE Chief Financial Officer Lindsey Oates told superintendents and principals that per-student funding for the […]]]>

The city’s Department of Education has used a controversial budget formula to quietly cut the funds New York public schools are expected to receive per student next year, The Post has learned.

In an internal memo obtained by The Post, DOE Chief Financial Officer Lindsey Oates told superintendents and principals that per-student funding for the next school year “has fallen slightly” because the city is spending less on salaries. teachers.

This decrease is due to the high number [sic] teachers retiring, resigning and going on leave over the past year,” read a June 3 memo.

That includes more experienced teachers earning higher salaries leaving the DOE payroll during the COVID-19 pandemic, officials told The Post.

The DOE said the average teacher salary has dropped, but would not disclose by how much citywide.

Some principals and teachers who discovered the per-student cuts by reviewing their proposed budgets said they felt cheated by the DOE, blaming the changes for harming children and the school as a whole.

An internal Department of Education memo says per-student funding for next school year “has dropped slightly” because the city is spending less on teacher salaries.
Michael Loccisano/Getty Images

Mayor Eric Adams has repeatedly said that declining student enrollment at DOE schools is to blame for cut budgets totaling up to millions of dollars.

“We haven’t cut funding,” Adams insisted.

“Not a single child will lose Fair Student Funding money,” Adams said, referring to the formula that sets the largest share of each school’s budget.

Each school’s budget allocation under Equitable Student Funding is based on the number of students enrolled and their specific needs.

Mayor Eric Adams makes an announcement at City Hall.
Mayor Eric Adams said the city has not cut DOE funding and blamed declining student enrollment for cut budgets totaling up to millions of dollars.

Steven Hirsch

But the city has not publicly disclosed that the DOE has cut dollars per student.

Under the DOE’s formula this fall, principals will receive a baseline of at least $4,197.19 for each general education student, down from a minimum of $25.81 per child, confirmed the DOE.

Since the dollar amount per student has been reduced, even schools that have not seen their enrollment numbers drop could face a thinner budget.

The benchmark figure is also weighted by other factors, so the amount per pupil may increase depending on each child’s needs, such as school support, English learning or disabilities. But these additional funds will also be reduced under the formula.

Students are led to their class by their teacher.
A spokesperson for the mayor reiterated that the city is contributing more overall to the education budget next school year than last year.
Michael Loccisano/Getty Images

The Independent Budget Office, a state-funded watchdog, confirmed the change would mean less money for schools under the formula.

“If per capita amounts are reduced, school budgets are reduced,” said Sarita Subramanian, the IBO’s deputy director for education.

DOE spokesman Nathaniel Styer confirmed the rate “has gone down” due to a change in average teacher salaries.

But he claimed the number of students eligible for academic aid had increased, “resulting in a new cost despite the slight drop per capita”.

The DOE would not give the additional number of students meeting these needs.

A former Queens school principal told the Post that the DOE’s approach to allocating funds does not put students first.

“It’s kind of ‘kids last’ in budgeting rather than ‘kids first’,” the veteran administrator said.

“Have you ever played Three Card Monte?” the ex-principal told the Post, referring to a street game where crooks place cards face down and shuffle them to confuse players.

“It’s kind of like Three-card Monte went to college.”

A Queens teacher who learned of the per-student discount also accused the city of trying to mislead the public.

“Saying that the schools are 100% fully funded has always been a lie,” she said.

New York Schools Chancellor David C. Banks discusses guns in New York public schools during a press conference at New York City Police Headquarters on May 26, 2022.
New York City Schools Chancellor David Banks has promised to review and “fix this mess” in the future, in reference to the controversial formula.
Andrew Schwartz/SIPA/Shutterstock

The Panel for Education Policy is expected to hear public comment and vote on the DOE’s estimated annual budget for the next school year Thursday evening.

But a public guide to the fair student funding formula was still not posted online as of Wednesday evening. (A link to the memo only said “Coming Soon.”)

At recent PEP meetings, many parents and advocates have fiercely opposed the current fair student funding formula which they say bypasses vulnerable students, including those who are homeless or in foster care. . The DOE did not discuss the per capita reduction during the hearings.

While a majority of PEP members, mostly those named by Adams, ultimately voted to approve the formula, Schools Chancellor David Banks pledged to review and “fix this mess” in the future.

A masked student receives an in-person art lesson at Yung Wing School PS 124 on January 5, 2022 in New York City.
Even schools that haven’t seen a drop in enrollment may be facing a thinner budget.
Michael Loccisano/Getty Images

This week, Adams continued to defend low school budgets, calling the decision “common sense” as student enrollment dwindles.

“We’re making the right investments in a DOE budget,” Adams told an independent news conference. “There’s fat in city agencies, there’s a lot of waste in city agencies.”

Overall, total spending per student averages about $28,000, but includes additional costs like employee pensions and benefits, transportation, food, and building maintenance. Money allocated under Fair Student Funding goes to principals for staff, supplies, and other basic school expenses.

“We got addicted to throwing money at something,” Adams said. “No, let’s use taxpayers’ money to produce a better product.”

Amaris Cockfield, spokesperson for the mayor, reiterated that the city is contributing more to the education budget overall next school year than last year. She said all schools are fully funded under the formula.

“Any other notion without all the elements of the fair student funding formula is wrong,” Cockfield said. “The reality is that the citywide average teacher salary goes down or up if and when teachers with a salary range come in and out of the system.”

“Teachers and schools deserve honesty, not speculation.”

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Duke Ellington School theater will not be named after Dave Chappelle https://agapesgr.org/duke-ellington-school-theater-will-not-be-named-after-dave-chappelle/ Tue, 21 Jun 2022 04:42:41 +0000 https://agapesgr.org/duke-ellington-school-theater-will-not-be-named-after-dave-chappelle/ Placeholder while loading article actions In a surprise move, comedian Dave Chappelle announced that the Duke Ellington School of the Arts student theater in northwest Washington would not be named after him. Chappelle, one of the school’s most famous alumni, was in town Monday night for a groundbreaking ceremony for the venue. Instead, it will […]]]>
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In a surprise move, comedian Dave Chappelle announced that the Duke Ellington School of the Arts student theater in northwest Washington would not be named after him.

Chappelle, one of the school’s most famous alumni, was in town Monday night for a groundbreaking ceremony for the venue.

Instead, it will be called the Theater of Artistic Freedom and Expression.

The dedication was originally postponed last November after critics slammed the comedian’s high-profile Netflix special, “The Closer,” as transphobic. Ellington students have also raised concerns.

Chappelle told the audience on Monday that while he thought the backlash against him lacked nuance and wasn’t about his work, he didn’t want a theater named after him to distract students who focus on meaning. of their art.

He also noted that the critics “sincerely” hurt him.

Chappelle said he decided on Friday not to put his name on the school. “But the Ellington family is my family,” he said.

At the time of the controversy last year, Duke Ellington principal Sandi Logan said she had had formal and informal meetings with students to discuss Chappelle’s comments, including a month of weekly meetings with a student leadership advisory committee which included gender and school representatives from the school. Alliance of sexuality.

Duke Ellington School delays theater nomination after Dave Chappelle until April

“Moving forward with the event…without first addressing the questions and concerns of members of the Ellington community would be a missed opportunity for a teachable moment,” the school wrote in a statement. communicated.

Founded in 1974 with a mission to provide free, first-class art education to children in the nation’s capital, Duke Ellington attracts students from across the city and is one of the few art schools in the region to form a body predominantly black student.

Chappelle, who has pledged to donate $100,000 to the school theater, said last October that having the theater named after him was “the most important honor of my life.”

“I used to skip class. I hid in there when I skipped school. Who would have thought that this theater would one day bear my name? Chappelle said in a speech to donors to raise money for Ellington ahead of a screening of “The Closer” at the Angelika Pop-Up Theater in Union Market. “But I get it because sometimes when you love things, they love you back. And I loved this school.

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What is a bear market and should we be worried about a global recession? We ask the experts https://agapesgr.org/what-is-a-bear-market-and-should-we-be-worried-about-a-global-recession-we-ask-the-experts/ Fri, 17 Jun 2022 13:07:21 +0000 https://agapesgr.org/what-is-a-bear-market-and-should-we-be-worried-about-a-global-recession-we-ask-the-experts/ As the threat of rising inflation and higher interest rates looms over investors, Wall Street has fallen into a bear market. Interest rates have been pushed higher by the US Federal Reserve as it strives to rein in the highest inflation rates the US has seen in decades. It’s a scene that’s unfolding not just […]]]>

As the threat of rising inflation and higher interest rates looms over investors, Wall Street has fallen into a bear market.

Interest rates have been pushed higher by the US Federal Reserve as it strives to rein in the highest inflation rates the US has seen in decades.

It’s a scene that’s unfolding not just in the United States, but around the world.

Major economies are also slipping into a bear market due to the “perfect storm combining supply chain disruption due to Covid-19 and the food and energy crisis triggered by the war in Ukraine, with the tightening of monetary policies of the Fed and investors panic mode into extreme risk mode in this extreme uncertainty. environment,” Xiaoxiang Zhang, senior lecturer in finance at the University of Sussex, told Euronews Next.

But what is a bear market, how long does it last, and what does it actually mean?

What is a bear market?

“Generally speaking, a bear market is an extended period of falling prices in any market,” Sean Pinch, investment analyst at iSectors, told Euronews Next.

He noted that defining an exact definition of the term is actually “sort of up for debate.”

“A lot of people call a bear market any prolonged period of price declines in the market,” he said.

“A more accurate definition is that a bear market exists when a market has fallen more than 20% from a recent high. At this time, the S&P 500 is down 22.57% from its highest recent high of 4818.62”.

A bull market, on the other hand, refers to an extended period of rising prices in any market.

Where does the name bear market come from?

At first glance, the bear market and its antonym, the bull market, seem like out of place names in the world of economics.

So where does the terminology come from? According to Pinch, finding an exact answer can be tricky because “people don’t fully know where these terms come from.”

“I heard it came from the bear skin trade in North America, where traders speculated on bear skin prices,” he noted.

Others believe the name originated in Italy and France “where a proverb warned people not to sell bear skin until they had caught the bear,” said Naoshad Pochkhanawala, financial planner at Amiko Benefits, at Euronews Next.

“It looks like the ill-fortune warning has somehow caught on on Wall Street – with traders fearful of losing their shirts to the bear.”

This is at odds with the investing and financial news site Investopedia, which claims the term bear market refers to “the way a bear attacks its prey – by sliding its paws down. That’s why bears markets with falling stock prices are called bear markets”.

How bad is the bear market?

“[The current state of the market is] definitely not very pretty,” Pinch remarked.

The current state of the economy is exasperated by rising inflation, supply chain issues, he said, and the search for sustainable economic growth as we emerge from the era of the pandemic.

“It is a combination of factors that has created this less than ideal situation. It is very difficult, if not impossible, to judge exactly how bad the situation is. Central banks around the world are doing their best to ensure that everyone is doing well.”

Are investors worried?

“Investors are definitely worried — I’m not sure how much, but I guess a lot are,” Pinch said, drawing attention to a recent consumer sentiment number released by the University of Michigan that predicts changes in economic activity based on how likely consumers are to buy things.

“It was one of the lowest in something like 80 years,” he added.

“Year-over-year inflation is 8.6% right now – and it doesn’t seem to be easing in the US or anywhere else. So investors are certainly worried.”

But what will this mean for investors?

“For those who bought expensive, it means they are losing money. For those who bought a long time ago, they now have a little less money,” said Holmes Osbourne, director at Osbourne Global Investors. , to Euronews.

“For those who don’t own stocks, it probably helps them if prices are lower. Unless the company they work for is publicly traded and management cuts costs and labor “, he explained.

Have there been worse bear markets than this?

There have certainly been bigger economic crises than the current state of the market, which have caused an incredible amount of financial turmoil.

However, notes Pinch, we should be wary because “we don’t know the full extent of this bear market yet.”

“It could definitely get worse than it is now. Probably not at the level of the Great Depression, but it could get worse than the Great Recession.”

So, are we in a recession? “Not literally in a recession, yet,” Pinch said. “Generally, most countries are not in recession, as far as I know.”

“A recession is defined as two successive quarters – six months – of declining GDP growth and negative gross domestic product. We’re definitely heading in that direction, so maybe we will be soon,” he said. he adds.

“Bear markets and recessions go hand in hand, with one usually fueling the other,” Pochkhanawala added. “As inflation and interest rates rise, people have less discretionary income and pay less for luxuries and amenities, so businesses expect to earn less in the future.”

How long do bear markets last? Will it end soon?

It is difficult to predict how long this bear market will last, as economic trends seem to vary widely.

Some bear markets like the crash of 2020 – which was precipitated by the onset of the COVID-19 pandemic – can be very short-lived. Other bear markets can be severe and prolonged.

“Ultimately, the simplest definition of a recession is that there is a shortage of goods, services or money in the economy – a bear market is a symptom of this,” Pochkhanawala added.

He draws attention to how bear markets can often snowball into a recession. “Product shortage leads to less profit, which leads to less money being spent, which leads to lower profits. This, in turn, leads to less investment, which leads to more product shortages.”

However, it’s important to note that with each circumstance there are many different economic pressures to consider – “making it difficult to judge” how this might play out, Pinch added.

“The dotcom bubble crash lasted longer than the crash of 2020, the Great Recession lasted longer than that. It really depends on what’s going on in the economy and how many pressures there are.”

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Forza Innovations Inc. Announces $480,000 Funding Agreement https://agapesgr.org/forza-innovations-inc-announces-480000-funding-agreement/ Wed, 15 Jun 2022 13:00:00 +0000 https://agapesgr.org/forza-innovations-inc-announces-480000-funding-agreement/ SAN DIEGO, CA, June 15, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Forza Innovations Inc. (OTC Pink: FORZ) (the “Company”), a wearable health technology innovation company behind the WarmUp products, is pleased to announce that the Company has entered into a promissory note in the principal amount of $480,000. The note will bear interest at […]]]>

SAN DIEGO, CA, June 15, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Forza Innovations Inc. (OTC Pink: FORZ) (the “Company”), a wearable health technology innovation company behind the WarmUp products, is pleased to announce that the Company has entered into a promissory note in the principal amount of $480,000. The note will bear interest at an interest rate of 10% per annum for the twelve-month term and is convertible only in the event of default. From the proceeds of the note, the Company repaid in full a previous promissory note in the principal amount of $180,000.

Johnny Forzani, President and CEO of the company, said, “Securing funding is the most important strategy in product development and innovation. Great inventors have failed because they didn’t get funding to keep the wheels turning. This funding will support our ongoing WarmUp business operations as well as exciting new projects. Funds invested in the Company’s R&D are money well spent. We have the resources to act on the growth potential of our project and bring out winners.

The Company is also pleased to announce that it has issued and successfully completed the first put in the $5,000,000 equity financing previously announced in a press release dated January 21, 2021. Johnny Forzani said: “Using this financial mechanism has been incredibly beneficial to the growth and success of Forza Innovations. We have expanded our team and invested in the necessary equipment and machinery to boost productivity and laid the foundation for success. »

Further information on the financing can be found in Form 8-K the company filed with the SEC on June 15, 2022.

About Forza Innovations Inc.

The Company operates in the field of wearable performance of health technologies. The Company has acquired full ownership and rights to certain WarmUp products in advanced development. WarmUp are innovative, wearable back compression devices. The therapeutic application of heat causes a change in soft tissue temperature that decreases joint stiffness and relieves inflammation.

Please refer to the Company’s website www.forzinnovations.com
For more information, please contact the company at: info@forzinnovations.com

On behalf of the Council,
Forza Innovations Inc.
Johnny Forzani, President and CEO

Forward-looking statements

Some of the statements contained in this press release constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions regarding matters that are not historical facts, such as statements regarding the closing of exchange and the expected reduction in our total outstanding debt and annual interest payments. In many cases, you can identify forward-looking statements by words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”. , “predicted”, “outlook”, “potential” or the negative form of these terms or any other comparable terminology. The forward-looking statements contained in this press release reflect our current views on future events and are subject to risks, uncertainties, assumptions and changes in circumstances that could cause events or our actual activities or results to differ materially. those expressed in any forward-looking document. – statement to research. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. We discuss many of these risks in more detail under the heading “Risk Factors” in our quarterly and annual reports filed with the Securities and Exchange Commission (SEC). The forward-looking statements contained in this press release reflect our opinions and assumptions only as of the date of this press release. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unforeseen events.

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Robert Runcie, superintendent during the Parkland massacre, will lead the school safety initiative https://agapesgr.org/robert-runcie-superintendent-during-the-parkland-massacre-will-lead-the-school-safety-initiative/ Mon, 13 Jun 2022 21:34:01 +0000 https://agapesgr.org/robert-runcie-superintendent-during-the-parkland-massacre-will-lead-the-school-safety-initiative/ Robert Runcie, whose tenure as superintendent of Broward Schools included the Parkland tragedy and a grand jury indictment, now oversees a national group of school leaders and a million-dollar project to improve school safety across the country. Runcie is the acting head of Chiefs for Change, a Washington, D.C.-based education advocacy group made up of […]]]>

Robert Runcie, whose tenure as superintendent of Broward Schools included the Parkland tragedy and a grand jury indictment, now oversees a national group of school leaders and a million-dollar project to improve school safety across the country.

Runcie is the acting head of Chiefs for Change, a Washington, D.C.-based education advocacy group made up of approximately 50 district superintendents and state education chiefs. The group was part of a school reform organization founded by former Florida Governor Jeb Bush.

The organization’s new initiative, led by Runcie, is a “school safety cohort.” Six school districts are paying $166,667 each to a company, formed last year by two Broward school administrators, to review safety plans and track compliance, records show. School districts are reimbursed by Chiefs for Change, which is funded by private donors.

The company, Safer School Solutions, is owned by Brian Katz, Broward’s former school safety and security chief, and Philip Dunn, the district’s former chief technology officer. The company operates out of shared office space on Las Olas Boulevard in Fort Lauderdale, according to Florida Division of Corporations records.

The initiative is to use the “EagleEyED” product, described on the company’s website as a “Safety and Security Risk Tracking System that Promotes Accountability in Your School District’s Physical Security and Cybersecurity Operations.”

Duties, according to the press release, may include ensuring security cameras are working, protocols for locking doors and checking in visitors are followed, school resource officers are at their assigned locations and that emergency drills are regularly carried out for varying periods. times of the school day.

Schools must be safe so that children can learn and teachers can do their important work.

Robert Runcie, Acting Chief of Chiefs for Change

“We will help these leaders and their teams collect data so they have a better understanding of what is happening in their districts,” Katz said in a Chiefs for Change press release.. “What are the security policies already in place? Are there any gaps? Can teams take additional steps to verify that processes are being followed? »

The goal is to help districts “make data-driven decisions that will ultimately make schools safer through accountability,” Katz said in the statement.

Neither Katz nor Dunn could be reached by the South Florida Sun Sentinel, despite calls to their cell phones. Runcie did not respond to repeated requests for comment. His cell phone went straight to voicemail when a Sun Sentinel reporter called. His attorney, Johnny McCray, also could not be reached.

The six participating school districts are in Dallas; Oakland, California; Phoenix; Highline, Washington; Tulsa, Oklahoma; and Powder, Colorado. The only known link between any district and Broward is Powder Superintendent Brian Kingsley, former principal and director of studies for Broward Schools.

“Some of us have directly felt the pain of a school shooting in our communities,” Runcie said in the statement. “It never goes away. Schools must be safe so that children can learn and teachers can do their important work. Through this new cohort, Chiefs for Change will work to identify the most effective policies and processes, and then share these approaches at scale.

Runcie led Broward when a former student killed 17 people at Marjory Stoneman Douglas High in Parkland. Investigations by the South Florida Sun Sentinel and a state Public Safety Commission identified numerous district failures related to the education and support services provided to the alumnus as well as the high school’s lack of preparation for a school shooting.

Susana Cordova, assistant superintendent of the Dallas Independent School District, said the Chiefs for Change project is just one of many school safety initiatives in her district. She said there are lessons to be learned from those who have directly confronted a school shooting.

“Whenever a crisis occurs, it is important that everyone takes stock of what happened, both the positive signs and any areas of failure, so that we can detect them before another tragedy,” Cordova said.

The Marjory Stoneman Douglas High School Public Safety Commission made many recommendations on ways to improve safety, but often criticized Runcie for being slow to make changes.

Pinellas Sheriff Bob Gualtieri told the Sun Sentinel this month that many issues, such as a refusal to share data with law enforcement and a reluctance to train staff on how to conduct proper threat assessments, were only resolved after Runcie left.

As for the new Chiefs for Change security initiative, Gualtieri said: “The goal seems laudable. Any comments should be about the people involved, and I’m not interested in going there.

Commission member Ryan Petty, who lost his daughter Alaina in the shooting, said Runcie was not qualified to lead the effort.

“I saw no signs that Mr. Runcie admitted his own mistakes or was willing to make any significant changes based on the findings of our investigation,” Petty said.

In February 2019, a year after the shooting, Runcie and the school board hired Katz to oversee security efforts. Katz had previously worked as an internal leaks investigator for Google as well as a special agent for the US State Department, but had no previous school experience.

He helped the school district implement the recommendations of a safety consultant and the commission. He expanded and reorganized the district’s security forces, using money approved by voters in a 2018 referendum. The second half of his 2½-year term was spent mostly on pandemic-related issues of COVID-19.

Katz applied to be acting superintendent in June 2021, but the school board declined.

A few weeks later, he resigned and launched Safer School Solutions with Dunn, who was the district’s chief technology officer. Dunn resigned in November 2021 after approximately two years on the district.

Why Chiefs for Change chose Safer School Solutions is unclear. Leila Walsh, spokesperson for Chiefs for Change, did not respond to repeated questions about the project.

Chiefs for Change began in 2010 as an affiliate of the Foundation for Excellence in Education, which was founded by former Governor Bush. It originally focused on supporting school choice and common core education standards, but its mission later morphed into developing a diverse, bipartisan group of leaders capable of tackling to a variety of issues faced by school districts.

The group split from the Bush organization and became its own nonprofit in 2015. A spokesperson for the Florida organization, now known as ExcelinEd, declined to comment on the Runcie’s new role with Chiefs for Change.

Runcie has served on the board of Chiefs for Change since 2017, according to tax records. The organization released a statement of support for Runcie after a grand jury indicted him for perjury in April 2021.

“He has always shown himself to be a person of the highest integrity,” wrote then-CEO Mike Magee. “I don’t know the details of the allegations against him; however, I know he is a man of character with a strong moral compass. Chiefs for Change is grateful for Bob’s leadership and is proud to have him as a member of our community.

After Runcie realized he didn’t have school board support to stay long-term, he negotiated a $755,000 exit package and left in August, after current superintendent Vickie started. Cartwright.

That same month, he began as “Chief-in-Residence” for Chiefs for Change, a part-time mentoring role given to experienced school district leaders, including former Palm Beach County Superintendent Donald Fennoy and the outgoing Orange County Superintendent Barbara Jenkins.

“They do not hold full-time positions at Chiefs for Change, but provide advisory support as needed to members of our network and our Future Chiefs leadership development program,” said Walsh, the spokeswoman for the Chiefs for Change. organization, at the Sun Sentinel in November. E-mail.

When Magee left in April to take up a position as president of Minerva University in San Francisco, the Chiefs for Change board appointed Runcie as an interim replacement. But the organization decided not to advertise it.

An announcement was made to members on April 18, but not to the public, and Runcie retained his “chef-in-residence” title. In a May 17 email to the Sun Sentinel, Walsh did not respond to questions about Runcie’s expanded role.

“Robert Runcie is not CEO or interim CEO. He is a chef-in-residence, not a staff member,” she wrote at the time.

After the Sun Sentinel shared with Walsh an email that Board Chairman Pedro Martinez sent to members of Chiefs for Change saying that Runcie will “manage day-to-day operations and oversee staff,” Walsh went on to say. confirmed Runcie’s new role.

“He remains chef-in-residence today. His title has not changed,” Walsh wrote on May 19. “You asked who is running the organization on an interim basis. As Chef-in-Residence, Robert does so while the council conducts a nationwide search for a new CEO.

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Rate hikes will test the Buy Now Pay Later business model https://agapesgr.org/rate-hikes-will-test-the-buy-now-pay-later-business-model/ Sun, 12 Jun 2022 05:27:30 +0000 https://agapesgr.org/rate-hikes-will-test-the-buy-now-pay-later-business-model/ Buy Now Pay Later business model faces tests as rates rise Reduced consumer spending, rising interest rates and tougher credit conditions are creating problems for Buy Now Pay Later lenders, raising the prospect of consolidation in the industry. Buy Now Pay Later (BNPL) businesses have created one of the fastest growing segments of consumer credit, […]]]>

Buy Now Pay Later business model faces tests as rates rise

Reduced consumer spending, rising interest rates and tougher credit conditions are creating problems for Buy Now Pay Later lenders, raising the prospect of consolidation in the industry.

Buy Now Pay Later (BNPL) businesses have created one of the fastest growing segments of consumer credit, with transaction volumes reaching $120 billion in 2021, up from just $33 billion in 2019. according to GlobalData.

BNPL’s business model grew out of a very low interest rate environment that allowed BNPL’s businesses to raise funds at relatively low cost and offer point-of-sale loans to customers on online shopping sites.

Consumers pay for their purchases in installments over a period of weeks or months, usually without interest, and BNPL companies charge online retailers a fee for each transaction.

The model proved popular among younger consumers during the COVID-19 pandemic as e-commerce volumes soared, with Buy Now Pay Later transactions accounting for $2 out of every $100 spent on e-commerce last year , according to GlobalData.

But the sector faces a toll as the circumstances that fueled its explosive growth come to an end, with consumers cutting back on spending and rising interest rates driving up BNPL companies’ funding costs, squeezing their margins.

There are more than 100 BNPL companies worldwide, according to S&P Global Market Intelligence’s 451 Research.

Apple’s announcement this week of the launch of its own deferred payments service will further intensify competition and briefly depress the share price of publicly traded players such as Affirm Holdings, the largest BNPL company in the United States, and Australia’s Zip Co and Sezzle Inc.

Their stock price was already under pressure, with Affirm down around 75% this year.

Shares of Jack Dorsey’s payments firm Block Inc, which bought Australian provider BNPL Afterpay in a January deal, are down around 48% in 2022.

“Right now there is more caution and less interest (for BNPL businesses from investors) due to the financial risks that could become apparent here if we are in an economic downturn or potential recession,” said Bryan Keane, principal payments analyst at Deutsche Bank.

Chart: Stocks Buy now, pay later

BNPL’s main company, Klarna, which was valued at $46 billion following a financing round a year ago, recently laid off 700 employees, or 10% of its workforce.

The Sweden-based company cited changing consumer sentiment, inflation and the war in Ukraine as reasons, and said it was in talks with investors to raise more money.

For smaller players, many of which are young start-ups, accessing finance to lend to buyers will become more difficult.

“Most buy-it-now-pay-later providers don’t have access to deposits, they’re generally not financial institutions,” said Jordan McKee, principal research analyst at 451 Research. “There are certainly some exceptions to that. But typically they need to borrow those funds to lend them out and as the interest rates associated with borrowing those funds go up…it costs them more. money to give money to consumers and that puts pressure on their margins.

The most isolated companies include Klarna and Block which have banking charters and could fund with deposits, analysts said.

The sector also faces increasing scrutiny from regulators as consumers grapple with rising costs. UK charity Citizens Advice said on Tuesday that half of 18-34 year olds in Britain had borrowed money to make their BNPL payments.

The UK Department of Finance has launched a consultation on how BNPL companies should be regulated. Australia’s financial services minister said on Tuesday the government would push to regulate BNPL lenders under credit laws.

Affordability checks

New entrants aren’t deterred by the downturn: British banking startup Zopa, which hit a $1 billion valuation in a funding round in October, said on Tuesday it would launch BNPL products in part of its offer.

Tim Waterman, chief commercial officer of Zopa, expects upcoming regulations will include tighter checks on what customers can afford to make payments, and reliance on services will need to be reported to agencies credit reference.

“Accessibility controls are going to create more friction in the customer experience and potentially tip the balance for merchants,” he said. “At the moment BNPL is very effective in terms of driving sales and conversion rates and that could change slightly.”

Deutsche Bank’s Keane said merchants could incur higher fees if BNPL firms attract more customers to their websites, but that would favor big players.

“I think some of the smaller players will probably go out of business or they’ll try to plug into other tech players or consolidate with the bigger players,” Keane said. Some large financial institutions may also be interested in M&A opportunities in the sector, analysts said.

Rob Galtman, senior director at Fitch Ratings, said that while any loan product has higher default rate risks during a downturn in the business cycle, BNPL firms can be protected by their ability to control the type line of credit they offer depending on the users. behavior, as well as the fact that they generally offer shorter-term loans.

Apple’s entry “signals a validation of these offerings in the marketplace,” he said.

Deutsche Bank estimates the market could grow to $482 billion by 2025 and account for 5.6% of e-commerce spending, including payments for travel and events.

“What Apple’s move telegraphs to me is that Buy Now Pay Later is increasingly seen as a feature, not a standalone business,” McKee said.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Home prices in Portland soar in May, defying sharp rise in mortgage rates https://agapesgr.org/home-prices-in-portland-soar-in-may-defying-sharp-rise-in-mortgage-rates/ Fri, 10 Jun 2022 14:00:00 +0000 https://agapesgr.org/home-prices-in-portland-soar-in-may-defying-sharp-rise-in-mortgage-rates/ Home prices in Portland jumped 11.7% to a median of $575,000 in May from $515,000 a year ago, according to RMLS, as tight supply offset higher interest rates. interest, which tend to cool real estate markets by increasing monthly payments. “Total time to market”, the length of time between when a property is put up […]]]>

Home prices in Portland jumped 11.7% to a median of $575,000 in May from $515,000 a year ago, according to RMLS, as tight supply offset higher interest rates. interest, which tend to cool real estate markets by increasing monthly payments.

“Total time to market”, the length of time between when a property is put up for sale and when an offer is accepted, fell to 18 days in May, from 21 days in April and 22 days in May 2021.

“We’re in a very strong seller’s market,” said Aryne Blumklotz, senior real estate broker at Living Room Realty. “There’s not much to buy.”

Blumklotz recently represented an Alberta neighborhood seller who received nine offers for a home listed at $675,000. She held three open days, all packed. The house is not closed yet, so it cannot reveal the winning bid. A few weeks prior, she had sold a home in Alameda for $995,000 that was listed at $869,000.

Even so, there are signs that the market could ease. Blumklotz says she gets more emails from other agents about landlords dropping prices. It’s probably because of rising mortgage rates, she said.

“Most buyers buy for a monthly payment,” says Blumklotz. When rates were low, these people could stretch to borrow more money while meeting their payment goal. “Now these people can’t stretch,” Blumklotz says.

The US Federal Reserve is raising interest rates at the fastest rate in decades in an attempt to rein in runaway inflation. Higher interest rates make borrowing more expensive, which slows demand for goods, especially big-ticket items like houses.

Related: We asked a financial adviser: Should you break the bank on big purchases, or wait?

When the Fed raises rates, economists talk about how the central bank takes the punch away. The term came into use in 1955 after Fed Chairman William McChesney Martin gave a speech at the Waldorf Astoria Hotel and likened the central bank to “a chaperone who ordered the removal of the punch bowl just when the party was really heating up.”

The average rate for a 30-year fixed mortgage is about 5.23% today, according to the St. Louis branch of the Federal Reserve, up from 3.11% in January.

Maybe have another glass of punch before the bowl disappears.

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The Top 5 Advantages of Getting a Loan Online https://agapesgr.org/the-top-5-advantages-of-getting-a-loan-online/ Fri, 10 Jun 2022 05:31:25 +0000 https://agapesgr.org/?p=3521 Fast, simple, and convenient: these are the hallmarks of taking out an online loan. It may be just what you’re looking for when managing your money. Taking out an internet loan has certain indisputable advantages, regardless of whether you intend to utilize the funds for debt consolidation or anything else. The following are only a […]]]>

Fast, simple, and convenient: these are the hallmarks of taking out an online loan. It may be just what you’re looking for when managing your money. Taking out an internet loan has certain indisputable advantages, regardless of whether you intend to utilize the funds for debt consolidation or anything else. The following are only a handful of the many rewards:

Effortless and Quick

Going to the bank and filling out an application are the last things on your mind when you need money. Since almost anything can be done online these days, getting a payday loan from Direct Lenders in the UK is a convenient and straightforward procedure that you can complete from the comforts of your own home.

Consumers who need money may get it quickly and easily from online lenders. The application is straightforward, and funds may be paid into your account as soon as the next day. Consider the rates and conditions offered by several lenders before making a final decision.

To learn more about a lender’s services and lending possibilities, visit their website. Inquiries about your financial situation will include how much money you need, how long you need it, and your credit score. As an added precaution, some lenders can ask for some kind of security to use if you fail to pay back the loan on time or at all.

A personal loan can be used for nearly anything, and the money can aid you when you’re in a tight financial situation. However, if you’ve just filed @ BankruptcyHQ, getting a new loan with a low interest rate may be challenging.

Bankruptcy may have eliminated some of your debt or allowed you to establish a more manageable monthly payment plan with your creditors, and it’s sometimes the best financial alternative available. However, you may still have debts to pay, such as student loans or tax debt, as well as regular expenditures to pay.

Compare the interest rates and terms of various loans.

An online loan application allows you to compare several loan offers quickly. Most lenders will provide you with a free estimate before committing to anything. You are not obligated to accept the offer in most situations.

Using the following guidelines, you can compare various loans:

It’s essential to know your loan’s interest rate. The APR is another name for this (annual percentage rate). It’s a good idea to browse around for the best interest rate. When comparing various loans, be sure to include the entire cost of borrowing.

The length of time you have to pay back a loan is the loan term. Short-term or long-term loans are both possible, depending on your circumstances.

Costs for processing and approving a loan: Loan fees are what lenders charge for processing and approving your loan application. To guarantee that you receive the most value for your money, compare each lender’s prices.

Documentation isn’t necessary.

Applying for an Online Loan necessitates less paperwork. The lender will not want copies of your pay stubs or bank statements in this case. Only after you’ve been accepted for a loan by the lender will you be required to provide this information.

If you apply for a loan via a bank, it might take many days or even weeks. If you apply for an Online Loan, this is not the case. You may have the money in your account and be ready to spend in less than an hour after being accepted. Inter-bank transfer timings are used instead of the post office to do this.

Interest rates have been kept low.

The reduced interest rates and more reasonable terms offered by internet loans simplify many people to pay back their debts. There are several possibilities for consumers with less-than-perfect credit scores, even though some lenders need excellent credit.

You may acquire the money you need fast and efficiently by applying for an online loan. Payday loans and personal loans may be used online nowadays, and you don’t have to leave your home. One business day after you’ve been authorized, the money will be sent immediately into your bank account.

Security isn’t necessary.

Many financial organizations have developed online loan application platforms that do not need any collateral to lend money to the general population. Borrowers on a tight budget will rejoice, as will entrepreneurs who are just getting their firm off the ground but lack the necessary funding.

Having no collateral requirement is a big deal to a lot of folks. Some people refuse to take out loans because they lack collateral. It’s also a source of anxiety for them to enlist the assistance of others as guarantors. We’re fortunate that there are now several internet lenders offering loans without the need for collateral or a cosigner. Even if you don’t have anybody else’s aid, you may still apply.

There are several items to keep in mind when applying for a loan, including interest rates, repayment periods, and other considerations. For the time being, though, we’ll concentrate on the collateral requirement so you may discover a lender that meets your specific needs and preferences.

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