Fund – Sekt Info http://sektinfo.org/ Fri, 28 May 2021 19:02:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 http://sektinfo.org/wp-content/uploads/2021/05/sekt-info-icon-150x150.png Fund – Sekt Info http://sektinfo.org/ 32 32 Opinion | Biden can go taller and not ‘pay’ the old fashioned way http://sektinfo.org/opinion-biden-can-go-taller-and-not-pay-the-old-fashioned-way/ http://sektinfo.org/opinion-biden-can-go-taller-and-not-pay-the-old-fashioned-way/#respond Wed, 07 Apr 2021 23:16:32 +0000 http://sektinfo.org/opinion-biden-can-go-taller-and-not-pay-the-old-fashioned-way/

Modern monetary theory is not the only one here. For a historical perspective, we can revisit what John Maynard Keynes proposed in “How to pay for the war: A Radical Plan for the Chancellor of the Exchequer ”, one of his lesser-known works. To the contemporary ear, the title suggests that Keynes was trying to figure out how to find the money to fund WWII expenses. He wasn’t.

Keynes understood that the British government, which controlled its national currency, could create all the money it needed. The purpose of this book was to show the government how to increase and maintain higher spending levels while controlling inflationary pressures along the way. He noted the soldiers, bombers, tanks, combat equipment and more that would be needed to continue the war and how the whole economy would have to be reoriented, quickly, to deliver these things.

We have all grown accustomed to seeing taxes as an important source of revenue for the federal government. This is in part because it’s easy to think of the federal government as like state and local governments, which without sufficient revenue – from income taxes, property taxes, sales taxes and more. – could not finance their operations. Yet these entities do not have the federal government’s currency issuing powers, which significantly changes the government’s spending capacity.

In 1945 a man named Beardsley Ruml delivered a fiery speech in front of the American Bar Association titled “Income taxes are obsolete. It wasn’t a crank. He was the chairman of the New York Federal Reserve Bank. As Mr Ruml explained in this speech, taxes help first and foremost to avoid a situation where too much money drives out too little property: “The dollars that the government spends become purchasing power between the hands of those who received them ”, he says, while“ the dollars that the government takes in taxes cannot be spent by the people ”.

More recently, economists like L. Randall Wray and Yeva Nersisyan have started to think how to pay for a Green New Deal using Keynes’ earlier “radical” framework. And even if one accepted the terms of the old deficit budgeting now favored in Washington, going even further on infrastructure, if executed carefully, is still doable: Larry Summers, former economist Obama’s principal in the White House, admitted in 2014, that “investments in public infrastructure can be amortized by themselves” and that “by increasing the capacity of the economy, investments in infrastructure increase the capacity to manage any level of debt”.

We are facing huge cross-crises: climate crisis, employment crisis, health crisis and housing crisis, among others. It will take a lot of money to do what is necessary. Like Kate Aronoff recently written in The New Republic“To meet the emissions targets set in the Paris Agreement, experts estimate that the United States government will need to spend at least $ 1 trillion per year.” And the White House’s infrastructure proposal, while historically ambitious, still falls far short of the scale of the problem.

Ms Ocasio-Cortez pointed out, for example, that Mr Biden’s plan has a $ 40 billion investment in public housing for the whole nation, but on its own, New York can have this level of need.


Source link

]]>
http://sektinfo.org/opinion-biden-can-go-taller-and-not-pay-the-old-fashioned-way/feed/ 0
Virtual concert in honor of pianist Nadine Shank http://sektinfo.org/virtual-concert-in-honor-of-pianist-nadine-shank/ http://sektinfo.org/virtual-concert-in-honor-of-pianist-nadine-shank/#respond Wed, 07 Apr 2021 23:16:17 +0000 http://sektinfo.org/virtual-concert-in-honor-of-pianist-nadine-shank/

When pianist Nadine Shank learned last year that she had Creutzfeld-Jakob disease, a rapidly-progressive, incurable dementia, she responded with her characteristic courage and brilliance by immediately making as much music as time. allowed it. She passed away six months later, but left a beautiful and touching musical gift for her myriad of admirers to remember her.

“Celestial Graces: A Remembrance of Nadine Shank,” a video featuring some of this musical creation, supplemented by archival footage from many concerts Shank shared with his colleagues and friends at the University of Massachusetts, will be released for free. January 31 at 3 p.m. on the YouTube channel of the UMass College of Humanities and Fine Arts, youtube.com/user/umassmusicdance

Shank taught at UMass for 40 years, developing the collaborative piano master’s program there in 1989. The list of students she taught and performed recitals for would fill volumes, and for many. these students, the recitals were the highlights of their university. careers. His discography is extensive and includes almost all of the music written for the classical saxophone, the instrument played by his father. Shank maintained a long-standing interest in the saxophone repertoire and worked closely with fellow UMass, saxophone teacher (retired) Lynn Klock.

Salvatore Macchia, director of the music and dance department at UMass, remembered Shank as “… loved by her students, admired and respected by her colleagues, and dedicated to her role as a teacher, mentor and teacher. ‘interpreter. The loss of Nadine is a blow to the music and dance department at UMass. She will be sorely missed and we will never fill the void she left.

In addition to her many activities at UMass, Shank served the Springfield Symphony Orchestra as a principal pianist from 1984, and she was also a talented soloist. His solo piano talents were born from recordings by Franz Liszt Sonetto 123 del Petrarca, of his Pilgrimage years, and Enrique Granados Goyesca n ° 4, which are included at the end of the video that airs Sunday.

Collaborations with colleagues and recent alumni make up the lion’s share of the concert. With Lynn Klock, Shank plays Paul Maurice’s third movement Provence paintings, and the second movement by Paul Creston Sonata for alto saxophone and piano, works they recorded for the Open Loop label in 1991. With Klock UMass’ successor, Professor Jonathan Hulting-Cohen, Shank plays Baljinder Singh Sekhon Slope, during a concert recorded in 2019.

With her fellow pianists Estela Olevsky and Gilles Vonsattel, Shank plays two of Dvorak’s brilliants Slavic dances for piano duo and two by Mozkowski Spanish dances. There are musical theater numbers (Sondheim’s I rememberand Harnick’s Will he love me? sung by Roxanne Welch), art songs (Poulenc’s Fresh Air sung by Jamie-Rose Guarrine), two movements by Saint-Saëns Sonata for clarinet played by Hannah Berube, UMass ’13, and more.

Complying with the restrictions placed on participants in the wake of the COVID 19 pandemic made the project all the more difficult, but Shank’s wish to quickly create a musical legacy of beauty and joy in the face of his own personal tragedy grew. achieved despite the obstacles, and the virtual concert on January 31 is the result.

Daniel Madsen’s videography and the tireless organizational and post-production work of Shank’s husband David Nielsen and others brought the project to fruition and created a beautiful memory of this vibrant and brilliant musician, which was taken from us far too soon.

The concert broadcast is free and will be a unique event. Some selections will remain posted on the YouTube channel.

Donations are encouraged to the new Nadine E. Shank Piano Endowment Fund.


Source link

]]>
http://sektinfo.org/virtual-concert-in-honor-of-pianist-nadine-shank/feed/ 0
Indigenous communities should dictate how the billion dollar infrastructure investment is spent http://sektinfo.org/indigenous-communities-should-dictate-how-the-billion-dollar-infrastructure-investment-is-spent/ http://sektinfo.org/indigenous-communities-should-dictate-how-the-billion-dollar-infrastructure-investment-is-spent/#respond Wed, 07 Apr 2021 23:16:08 +0000 http://sektinfo.org/indigenous-communities-should-dictate-how-the-billion-dollar-infrastructure-investment-is-spent/

We finally have a chance to get it right.

For the first time in history, Canada has launched a $ 1 billion investment dedicated to First Nations, Métis and Inuit infrastructure. the Canada Infrastructure Bank (CIB) sets up the Indigenous Community Infrastructure Initiative (ICII), which will allow the construction of new infrastructure projects in Indigenous communities and help generate investments in projects essential to economic growth and environmental protection.

For decades the the promises of investment and dedicated funding have fallen flat. Limited to what the federal government can fund as part of their restrictive policies and limited by a faulty infrastructure financing process, slow and heavy regulated. The result is lackluster infrastructure projects that limit Indigenous autonomy and self-determination.

This forced indigenous peoples to think outside the box, to leverage their own funds, and to find solutions on their own. growing infrastructure deficit which has permeated the Nations for decades.

Processes, mechanisms and sustainable support

While infrastructure investments are important, what is more important is the process and mechanisms through which Indigenous peoples access funding, sustainable support, and long-term funding needs.

The pandemic has highlighted the influence of our built environment on the health and well-being of Indigenous peoples, overcrowded housing, insufficient water supply and sanitation, and inadequate water quality.



Read more:
Indigenous youth play a key role in solving pressing water issues


Over the past 20 years, while infrastructure gaps have widened, with estimates placing them between $ 25 billion and $ 35 billion, new and existing infrastructure continued to deteriorate at a rapid rate, fueled by the chronic underfunding of operations and maintenance.

In his role as Minister of Indigenous Services, Marc Miller made substantial investments in Indigenous infrastructure. But the reality is that the infrastructure needs are so great and the divide so deep that it cannot be solved simply by pumping dollars into the system. And while the investments announced this month represent significant infusions in a declining pot money, it is important to remember that increasing funding is only one area to be addressed.

Although Indigenous Services Minister Marc Miller has made substantial investments in Indigenous infrastructure, the need is so great that pumping money into the system will not solve the problem.
THE CANADIAN PRESS / Sean Kilpatrick

Not enough to tackle the critical infrastructure deficit

the funds are earmarked for income-generating projects: granting loans of at least $ 5 million, for a maximum of 80% of the total project cost to potentially tackle large infrastructure projects such as investment in clean water, broadband, public transport, clean energy, commerce and transport.

However, the funds are unlikely to fill long-standing deficits in critical infrastructure like water and wastewater, despite what the CIB says.

Infrastructure gaps in Indigenous communities across Canada are not just limited to drinking water housing and Wastewater crises that many Canadians experience; these include a wide range of assets such as roads, bridges, energy, broadband connectivity, Trade and transportation.

Three distinct funding crises

In order to close these infrastructure gaps, we must first address the fact that the infrastructure deficit creates three distinct funding crises.

First, there is inadequate funding for on-reserve infrastructure sometimes resulting in no infrastructure at all. This lack of investment in building new infrastructure means that the infrastructure access gap is greater for indigenous peoples across the country. To remedy this, we must get all aboriginal nations to reach a standard that matches non-aboriginal Canadians.

Second, the infrastructure in place has not been adequately funded, resulting in systems that are dilapidated, poorly maintained and deteriorated further past the point of repair. This means that substantial investments are needed to bring existing infrastructure to acceptable levels and standards.

Third, the first two financing needs are representative of existing and past infrastructure needs, and we have not even started to meet future needs. These future needs will require substantial investments in long-term operations and maintenance and in capital.

These three aggravated crises mean that the necessary investments in infrastructure are much greater than we realize.

A man drives his ATV in a First Nations community
A man rides his ATV in the First Nations community of Attawapiskat, northern Ontario, in April 2016.
THE CANADIAN PRESS / Nathan Denette

Colonial constructions limit the capacity of First Nations

In addition to these funding crises, the infrastructure funding process is riddled with colonial constructions that limit the ability of First Nations to meaningfully participate and make decisions about their country’s infrastructure.

The process is long, with a heavy reporting burden it does not give First Nations the autonomy to make decisions, nor the resources to fully participate in the process. The result can often be a process, disconnected from the needs of the community, with accountability mechanisms that shift to donors rather than the community.

All of this underscores the reality that our funding programs, our policies and the private sector are plagued by systemic racism that permeates all of our institutions. These include policies and programs that dictate, administer and regulate, rather than enabling, empowering and facilitating real solutions for Indigenous infrastructure.



Read more:
Not in the past: colonialism is rooted in the present


If we are to open up possibilities for large-scale financing, we must first tackle the colonial structures that manage them and through which much damage has been done.

Perhaps disbursing these funds directly to nations to decide how and where to spend them, rather than disbursing proposal-based funds or imposing funding formulas that restrict nations’ right to self-determination is the way to go. reply.

In the spirit of reconciliation, an Indigenous-led process is the only way to resolve this issue. Allow Indigenous peoples across the country to determine how best to solve their own infrastructure problems, rather than telling them where the investments will be made. Celebrate the major investments and what they mean for Indigenous peoples across the country; but as we celebrate, let’s equal measure in rehabilitating the structure and decolonizing the system that has stifled and restricted indigenous communities for years.


Source link

]]>
http://sektinfo.org/indigenous-communities-should-dictate-how-the-billion-dollar-infrastructure-investment-is-spent/feed/ 0
Who has the dough? Key Benefits of Pandemic Business Loans in Haywood | New http://sektinfo.org/who-has-the-dough-key-benefits-of-pandemic-business-loans-in-haywood-new/ http://sektinfo.org/who-has-the-dough-key-benefits-of-pandemic-business-loans-in-haywood-new/#respond Wed, 07 Apr 2021 23:15:54 +0000 http://sektinfo.org/who-has-the-dough-key-benefits-of-pandemic-business-loans-in-haywood-new/

Haywood’s economy, along with that of the rest of the state and nation, has been in turmoil for much of 2020 in the wake of COVID-19.

Aspects of the economy malfunctioned after the ban on mass gatherings, taverns were closed, and indoor dining was severely restricted.

Many retail stores and small overnight rental businesses, however, have done well, as visitors have flocked outside to find a relatively safe haven.

Real estate sales have hit all-time highs, and the construction industry has seen a big surge, perhaps after many visitors saw the appeal of working remotely while enjoying the amenities of Haywood.

The federal government’s relief program has been a lifeline for many Haywood businesses – and their employees – as the forgivable loan program offered a way to stay open during the worst of the pandemic. Here’s a recap of how the program has helped Haywood’s economy do well, all things considered, along with several stories from various business sectors that have faced.

Coffee Cup Cafe: one day at a time

Haywood County has received a big boost from federal COVID loans – 671 Haywood businesses employing 6,500 people collectively grossing $ 44.7 million.

Nationally, pandemic repayable loans have been criticized as a pig giveaway for big business. But that was far from the case in Haywood County.

The vast majority that received federal dollars received less than $ 100,000 and were intended for small businesses with less than 10 employees.

The tire trade flourished when many did not fly

Some of the main industries that got loans in Haywood County were the medical fields – from dental offices to nursing homes – construction, catering, tourism, and professional services. Although retail was one of the county’s main economic sectors, retail establishments were relatively few in number.

Businesses did not have to repay loans if they met job retention goals, so the loans were basically free money.

Below is an overview of the key takeaways from the Haywood County Paycheck Protection Program.

• Only six companies obtained more than $ 1 million and five between $ 500,000 and $ 1 million.

• The largest loan received in Haywood County was $ 2.2 million to Haywood Vocational Opportunities with 438 employees. The smallest loan was $ 600 to The Cuban Guy sandwich shop in Waynesville.

• The companies receiving the loans had 6,500 employees collectively. Only 3% had more than 50 employees, 8% had between 20 and 49 employees, 13% had between 10 and 19 employees, 36% had between 3 and 9 employees and 40% had two or fewer employees. Many companies have declared zero employees.

• The average loan amount was $ 66,700. 76% of loan recipients obtained less than average. The top 5% represented 40% of the total loan amount, while the bottom 50% represented 8% of the total loan amount.

• 24% of those who obtained loans obtained less than $ 10,000, 46% between $ 10,000 and $ 50,000, 13% between $ 50,000 and $ 100,000 and 14% between $ 100,000 and $ 500,000.

TourismSeveral companies in the hospitality industry were in the top 100, including Lake Junaluska Assembly ($ 1.175 million), Waynesville Golf Resort ($ 308,000), Maggie Valley Club ($ 250,000), Laurel Ridge Country Club ($ 240,000), Cataloochee Ski Area ($ 239,000), The Swag ($ 238,000), Springdale Country Club ($ 132,000) and the Wheels Through Time Motorcycle Museum ($ 104,000).

Non-profit

There were 24 nonprofits among those receiving loans, including Mountain Projects ($ 374,000), Long’s Chapel ($ 305,000), First United Methodist of Waynesville ($ 202,000), First Baptist of Waynesville ($ 135,000), Haywood Christian Academy ($ 110,000), Haywood Pathways Center ($ 97,000), Sarge’s Animal Rescue ($ 56,000), Haywood Christian Ministries ($ 43,000), KARE ($ 43,000), Folkmoot ($ 30,000), Haywood County Arts Council (10,000 USD) and Canton Community Kitchen (USD 10,000). $ 10,000 to $ 50,000.

To eat

The top 200 restaurants were Bogarts ($ 214,000), Sweet Onion ($ 191,000), Frankie’s Italian ($ 185,000), Fat Buddies ($ 156,000), Joey’s Pancake ($ 150,000), Blue Rooster ($ 146,000), Bocelli’s ( $ 144,000), Clyde’s ($ 142,000), Angelo’s ($ 92,000), 209 Cafe ($ 90,000), Southern Porch ($ 82,000), Papa’s and Beer ($ 80,000), Maggie’s Galley ($ 75,000), Waynesville Pizza ($ 69,000 ), Legend’s Bar and Grill ($ 67,000), Frog’s Leap Public House ($ 63,000), Bourbon Barrel ($ 59,000), and Bearwaters ($ 58,000). A local McDonalds LLC franchise holder, 7InHarmony, got $ 355,000.

Industry

Top companies in the manufacturing sector included Boojum Brewing ($ 353,000), Oaks Unlimited ($ 312,000), Alltec ($ 238,000), Appalachian Antique Hardwoods ($ 132,000), Abundant Labs ($ 123,000), Sunburst Trout ($ 116,000) and Lamp Factory ($ 112,000).

To eatThe top 200 restaurants were Bogarts ($ 214,000), Sweet Onion ($ 191,000), Frankie’s Italian ($ 185,000), Fat Buddies ($ 156,000), Joey’s Pancake ($ 150,000), Blue Rooster ($ 146,000), Bocelli’s ( $ 144,000), Clyde’s ($ 142,000), Angelo’s ($ 92,000), 209 Cafe ($ 90,000), Southern Porch ($ 82,000), Papa’s and Beer ($ 80,000), Maggie’s Galley ($ 75,000), Waynesville Pizza ($ 69,000 ), Legend’s Bar and Grill ($ 67,000), Frog’s Leap Public House ($ 63,000), Bourbon Barrel ($ 59,000), and Bearwaters ($ 58,000). A local McDonalds LLC franchise holder, 7InHarmony, got $ 355,000.

Long term care

Four assisted living facilities and nursing homes were among the top 60 loan recipients: Silver Bluff ($ 1 million), Maggie Valley Nursing and Rehab ($ 815,000), Haywood Lodge and Retirement Centers (422 000 dollars) and Haywood House (175,000 dollars)

Health care

Medical fields were one of the largest sectors in the top 100, including Haywood Pediatric ($ 417,000), Midway Medical ($ 348,000), Mountain Eye ($ 288,000), Smoky Mountain Foot and Ankle Clinic ($ 239,000), Haywood Imaging ($ 212,000), Mountain Laurel Dermatology ($ 172,000), Hazelwood Family Medicine ($ 135,000), Envision Pain Management ($ 130,000), as well as Kim’s Pharmacy, Waynesville Pharmacy, Haywood Pharmacy, Mark’s Pharmacy and Carolina Mountain Pharmacy.

Dental

With lots of postponement of regular dental check-ups and dental work, several dental offices were in the top 100 including Cataloochee Dental Group ($ 367,000), Carolina West Dental ($ 281,000), Smoky Mountain Dentistry ($ 245,000) and over 10 other.

Building

The construction industry was one of the largest sectors, with many general contractors, plumbers, electricians, graders, HVAC installers, landscapers, masons and other building trades. Among the top 60 were Buckeye ($ 627,000), WNC Paving ($ 450,000), Haywood Builders ($ 383,000), Ashe Construction ($ 290,000), Clark and Leatherwood ($ 237,000), engineers Reece, Noland and McElrath ($ 267,000 ), Southern Appalachian Grading ($ 208,000), Industrial Contractors ($ 204,000) and JM Teague Engineering ($ 172,000).

Top 50

Other notable top 50 companies receiving over $ 200,000 include Waynesville Auto ($ 1.1 million), Neo Corp ($ 611,000), Taylor Motor ($ 582,000), Junaluska Animal Hospital ($ 405,000), Haywood Appliance ( $ 356,000), Manpower ($ 327,000), High Country Furniture ($ 300,000), Blue Ridge Glass ($ 200,000).

• Several chains of gas stations and local convenience stores have obtained loans of more than $ 100,000.

• A large number of professional firms and sole proprietorships have received loans, including lawyers, insurance agents, accountants, real estate agents, consultants, etc.

• The Mountaineer received $ 116,000.

Check out the full list of Haywood County businesses on the website.

The spa sector finds a new model of success


Source link

]]>
http://sektinfo.org/who-has-the-dough-key-benefits-of-pandemic-business-loans-in-haywood-new/feed/ 0
Hershey unboxes new treats for Valentine’s Day and Easter http://sektinfo.org/hershey-unboxes-new-treats-for-valentines-day-and-easter/ http://sektinfo.org/hershey-unboxes-new-treats-for-valentines-day-and-easter/#respond Wed, 07 Apr 2021 23:15:51 +0000 http://sektinfo.org/hershey-unboxes-new-treats-for-valentines-day-and-easter/

The Hershey Company recently unwrapped the sweet goodness of their new candy creations designed for Valentine’s Day and Easter.

New for Valentine’s Day, Hershey’s Kisses Milk Chocolate Meltaway Roses have a ‘surprisingly velvety cream that springs from every room’.

Maybe your sweetheart would like a Milk Chocolate Bear, Hershey Hugs & Kisses Heart Box, Reese’s Peanut Butter Eggs, or Reese’s Large O’Love Box.

“Our team took our classics – Kisses candies, Hershey chocolates, Reese’s mugs – and added new seasonal masterpieces you’ll want to stock up on for the whole year, ”said Erin Crawford, Holiday Brand Manager.

For Easter, the highlight has to be Reese’s Mallow-Top New Peanut Butter Cups with Marshmallow on Peanut Butter and Chocolate.

Reese’s Mallow-Top Peanut Butter Mug New for Easter 2021 (The Hershey Company)The Hershey Company

Also look for the Milk Chocolate Pip Bunny, Milk Chocolate Build-A-Bunny, and Strawberry Strawberry Lemonade Duckling Stuff in these Easter Baskets.

“At Easter, our star is Reese’s Mallow-Top Peanut Butter Cup,” said Michael Reese, Senior Brand Manager, Holidays. “We redesigned the classic Reese’s Cup by combining the best Easter flavors, milk chocolate, marshmallow and delicious peanut butter from Reese, all in one amazing mug. Yes, it is as good as it sounds.

Returning seasonal favorites include Hershey’s Kisses Lava Cake, Kit Kat Raspberry Creme and Reese’s Peanut Butter Hearts, as well as Cadbury. Creamed eggs, pieces of Reese Shake N ‘Break, Reese’s Peanut Butter Eggs and Kit Kat Lemon Crisp.

Reeses Pink Peanut Butter

Reese’s Peanut Butter Rose. (The Hershey Company)The Hershey Company

READ MORE


Source link

]]>
http://sektinfo.org/hershey-unboxes-new-treats-for-valentines-day-and-easter/feed/ 0
With Bright Futures Online, Experts Outline Other Financial Aid Options http://sektinfo.org/with-bright-futures-online-experts-outline-other-financial-aid-options/ http://sektinfo.org/with-bright-futures-online-experts-outline-other-financial-aid-options/#respond Wed, 07 Apr 2021 23:15:36 +0000 http://sektinfo.org/with-bright-futures-online-experts-outline-other-financial-aid-options/

On Wednesday, lawmakers on the state Senate appropriations committee are expected to discuss Senate Bill 86, which outlines changes to the Bright Futures scholarship system.

If passed, Senate Bill 86 could remove guarantees that beneficiaries will receive 75% or 100% of their tuition paid. In its amended form, SB 86 would instead link aid to budgetary appropriations.

Before the pandemic, university was a major household expense and now people are really pinching pennies.

RELATED: Florida lawmakers debate changes to Bright Futures scholarships that could limit money awarded

“The university itself can be very, very expensive. And that’s usually the determining factor in how students end up going to school, ”said Mesha Stubbs, career counselor at King High School.

The most recent data from the State University System of Florida shows that, on average, full-time students on campus pay $ 2,608 per semester in tuition alone.

“I push absolutely as much free money as possible through scholarships,” Stubbs said. “Looking for free money to pay for your education is almost like looking for a job. It can be very tiring. It takes a lot of energy and a lot of work.”

Stubbs recommends fastweb.com and scholarships.com to find opportunities from all parts of the country. You can even filter certain qualifications to find the best one for your child. There is no limit to the number of scholarships a teenager can receive.

To save time when applying for multiple scholarships, Stubbs recommends keeping essays and letters of recommendation for reuse. Also make copies. You will also want to apply for any scholarships your child is entitled to.

“About two or three years ago there was a scholarship of $ 20,000 for students in King High School. A student applied for this scholarship and she received this scholarship of $ 20,000 because she did not have a competition, ”said Stubbs.

Another important resource that you should complete for your teen before they even receive acceptance letters is the FAFSA app. It asks about your family’s income and will recommend grants that don’t need to be repaid, work-study opportunities that could help pay for college education or loans.

If you want to borrow money, Billie Jo Hamilton suggests federal loans. She works like the University of South FloridaAssociate Vice President of Registration, Planning and Management

“The [are] the loans we call subsidized loans, where there is no interest accruing while the student is in school and for six months after leaving, “Hamilton said.” Unsubsidized loans are always available for the students, but the interest starts to accumulate as soon as they take out the loan ”

Hamilton advises parents and students to check with the college’s financial aid office for tools that might help you calculate how much you need. She also says that parents and applicants should be aware of “priority deadlines”. Meeting the qualifications and this deadline could earn you institutional money.

“They are awarded to students when they are admitted. There is no separate application,” Hamilton said. “We look at their test scores and their high school average and things like that.”


Source link

]]>
http://sektinfo.org/with-bright-futures-online-experts-outline-other-financial-aid-options/feed/ 0
Saracens recall Wales center Nick Tompkins from Dragons loan http://sektinfo.org/saracens-recall-wales-center-nick-tompkins-from-dragons-loan/ http://sektinfo.org/saracens-recall-wales-center-nick-tompkins-from-dragons-loan/#respond Wed, 07 Apr 2021 23:15:36 +0000 http://sektinfo.org/saracens-recall-wales-center-nick-tompkins-from-dragons-loan/

NICK Tompkins’ loan spell with the Dragons ended prematurely after the Saracens recalled center Wales in an attempt to avoid a costly failure in their promotion offer.

The 26-year-old joined Rodney Parade in August to increase his test chances after Sarries’ relegation from the English Premiership.

However, his parent club suffered an opening weekend shock at Cornish Pirates in the Championship and are unwilling to take any chances in their attempt to make a quick return to the top flight.

While it was officially declared that the loan period was over after the conclusion of the Guinness PRO14 and European campaigns, the deal had been for him to stay until the summer.

Tompkins has already returned to the Saracens after the Dragons took a lead against Northampton in the Challenge Cup, meaning they are not in the quarter-finals this weekend.

Nick Tompkins of Dragons Charges Forward Against Wasps

“It was great to enter a new environment and see a new culture and make new friends,” he said. “I was really impressed with Dragons’ aspirations and the desire to improve.

“What’s under construction is really impressive and it’s something you can really support – it impressed me from day one.

“The local boy group is young, humble and has a great work ethic. They want to impress and work so hard.

“There is an exciting future at Dragons and I truly wish the region every success for the future.”

Tompkins took top honors alongside Maro Itoje, Owen Farrell, Jamie George, Brad Barritt and the Vunipolas and believes the brief stint at Rodney Parade brought him out of his shell.

Nick Tompkins comes under attack in Dragons' attack on Edinburgh

Nick Tompkins comes under attack in Dragons’ attack on Edinburgh

“On a personal level, stepping into a leadership role has been good for me and the players have looked to me for answers,” he said.

“It was interesting to see how I got into this role and I enjoyed it.

“This has been the greatest personal growth for me and the way I have matured.

“You are always trying to improve your game and your skills, that’s a given. But the invaluable part for me has been the leadership role.”

The center was named to the bench against Northampton after rugby manager Dean Ryan chose to reward the form of brilliant prospect Aneurin Owen, who started alongside Jamie Roberts in midfield.

Tompkins came on in the first half as a winger after Ashton Hewitt injured his knee on his second try.

Center Sarries made 14 appearances at Rodney Parade, including nine starts, and scored a try in the Champions Cup loss to Bordeaux-Begles.

The move helped him make six test outings this season, bringing his caps total to 10, but he ended the Six Nations behind Jonathan Davies, George North and Willis Halaholo in the pecking order.

Dragons rugby director Dean Ryan has insisted the Sarries star made an impact during his brief stint at Newport.

Nick Tompkins of Dragons takes on Ben Earl of Bristol.

Nick Tompkins of Dragons takes on Ben Earl of Bristol.

“Nick has been fantastic during his time with us, combining playing for the Dragons and Wales,” he said.

“In unusual times Nick has made a big impression on all of us and has also enjoyed his challenges in a new competition and a new environment. He leaves with our best wishes for the future.

“Our thanks also go to the Saracens for their full support of Nick’s loan over the past year.”

Tompkins could face Dragons center Connor Edwards one week on Sunday as the 23-year-old Croesyceiliog, who is without a contract this summer, is on loan at Doncaster.

The Dragons begin their Rainbow Cup campaign against the Scarlets on the weekend of April 23 with Roberts, Owen and Jack Dixon in their midfield options, while valiant Adam Warren and Tom Griffiths are on their way home after groin and knee injuries respectively.


Source link

]]>
http://sektinfo.org/saracens-recall-wales-center-nick-tompkins-from-dragons-loan/feed/ 0
Target action date in four weeks http://sektinfo.org/target-action-date-in-four-weeks/ http://sektinfo.org/target-action-date-in-four-weeks/#respond Wed, 07 Apr 2021 23:15:36 +0000 http://sektinfo.org/target-action-date-in-four-weeks/

Through John Vandermosten, CFA

NYSE: PLX

READ THE FULL PLX RESEARCH REPORT

Financial and operational review 2020

Protalix Biotherapeutics, Inc. (NYSE: PLX) announced its 2020 financial and operating results on March 30, 2021 Press release and deposit of 10-K shape. The reports were followed by a conference call this morning, which discussed recent achievements, including clinical trial results, proceeds from capital increases and upcoming regulatory activities. Key events for 2020 and 2021 to date include the acceptance of a Biologics License Application (BLA) for PRX-102 and the allocation of the target action date of April 27, 2021. The first results and the final results of the BRIGHT and BRIDGE studies have been announced and the BALANCE study has been fully recruited. Protalix has stepped up its relationship with SarcoMed, which will study PRX-110 in pulmonary sarcoidosis. In the financial area, revenues of $ 62.9 million exceeded our estimate of $ 53.8 million due to increased research and development revenues from the Chiesi relationship. Loss per share of ($ 0.22) compared to our forecast of ($ 0.39).

Financial results for the year ended December 31, 2020, compared to the year ended December 31, 2019:

➢ Revenue was $ 62.8 million, up 15% from $ 54.7 million. Elelyso sales increased 2% with improved year-over-year Pfizer sales partially offset by lower sales in Brazil due to the impact of the pandemic. The 20% increase in revenues from R&D services is mainly due to revenues recognized as part of an updated cost estimate for the completed BRIGHT and BRIDGE studies.

➢ The gross margin (product sales only) increased from 31.3% to 33.0%.

➢ Research and development expenses fell from $ 44.6 million to $ 38.2 million, a decrease of 14%. The decrease was due to the completion of the BRIGHT and BRIDGE studies and the lower costs of the BALANCE study.

➢ Selling, general and administrative expenses were $ 11.1 million, an increase of 13% from $ 9.9 million due to an increase in equity compensation and employee compensation. board, partially offset by lower travel, rental and utility costs.

➢ Financial expenses amounted to $ 9.7 million compared to $ 8.0 million related to interest expense on convertible notes.

➢ The operating loss amounted to (6.5) million dollars compared to (18.3) million dollars. On an average balance per share, the net loss was ($ 0.22) and ($ 1.23) respectively.

The cash and cash equivalents balance as at December 31, 2020 was $ 38.5 million. At the end of the quarter, additional funds were raised, including a gross amount of $ 40 million from a public offering and an additional $ 9 million from the at-the-money program (ATM ) which is expected to bring the cash balance to over $ 80 million in Q1: 21 after adjusting for financing costs. Cash consumption was $ (26.8) million, offset by $ 46.5 million in financing cash flow generated by the issuance of common shares and warrants, offerings of ‘shares in ATMs and the exercise of vouchers. The strong balance sheet is sufficient to meet the principal amount of $ 57.9 outstanding on the convertible notes due November 2021.

Public offer

On February 11, 2021, Protalix at a time offers a public offering of ordinary shares and announced its pricing. The company ultimately issued 8,749,999 shares at $ 4.60 per share. Bank of America Securities acted as bookkeeper and Oppenheimer & Co. as co-manager of the offering. The net proceeds will be used to fund clinical trials for Protalix applicants and R&D activities and for general corporate working capital. Funds will also be available to cover the $ 58 million in convertible notes which mature in November. The completion of the increase was ad February 18, 2021, with gross proceeds totaling approximately $ 40.25 million and overuse fully exercised.

Protalix clinical development pipeline (1)

Exclusive partnership with SarcoMed USA

Protalix ad on February 11, that it had entered into an exclusive partnership with SarcoMed USA to develop alidornase alfa for the treatment of pulmonary sarcoidosis. This is the culmination of a non-binding July 2020 term sheet between the two companies. SarcoMed USA is a privately held company that was formed in 2017 to support its lead product candidate, SM001, a recombinant DNase I administered by inhalation, in pulmonary sarcoidosis. The agreement grants an exclusive worldwide license for alidornase alfa (PRX-110), the recombinant phase II DNase I from Protalix, for use in the treatment of idiopathic lung disorders, including, but not limited to, sarcoidosis, pulmonary fibrosis and other related diseases by inhaled administration. .

Under the terms of the agreement, SarcoMed will be responsible for the identification, selection and conduct of clinical research and development of pharmaceutical candidates. In exchange for the license, Protalix is ​​entitled to an advance of $ 3.5 million, subject to conditions, additional payments related to regulatory and commercial milestones, and tiered royalties on net sales of products marketed by the through the license.

PRX-115

PRX-115 is a recombinant PEGylated uricase enzyme expressed by developing plant cells for refractory gout. This condition affects 9.2 million at perhaps double that level with more men than women suffering from it. Although there are treatments for the disease with urate-lowering therapies, many do not respond, producing an unmet need. The side effects of the available drugs are severe, and black box warnings for anaphylaxis and strong immunogenic reactions are present. Protalix sees an opportunity with the use of the enzyme uricase, which can convert the build-up of uric acid into allantoin, which can be easily excreted from the body. This approach can provide an improved side effect profile and longer term efficacy compared to current treatments.

PRX-119

Protalix introduced PRX-119 in January 2021 as a new enzyme in preclinical work for extracellular neutrophil trap Diseases related to (NET). Excessive formation or inefficient clearance of NETs can cause pathological effects and are present in autoimmune, inflammatory and fibrotic conditions. Preclinical work has shown that treatment with DNase can improve the toxicity of NETs and Protalix plans to advance efforts to treat the acute and chronic conditions associated with this compound.

PRX-110

Alidornase alfa is a recombinant human deoxyribonuclease I (DNase I) expressed via the ProCellEx platform. Administration is by inhalation for direct application to the lungs. DNase I therapy may act as a mucus-thinning (mucolytic) agent to aid airway clearance to improve lung function and reduce the risk of infection. The decaying inflammatory cells, namely neutrophils, release DNA in the sputum, which polymerizes and is present in high concentrations, contributing to the viscosity of the sputum. DNase I breaks down DNA, thereby reducing the viscosity of the mucus.

PRX-102 clinical trial results

PRX-102 is a recombinant α-galactosidase-A enzyme. Protalix uses its ProCellEx platform to express the enzyme, then chemically modifies it through surface pegylation. The protein subunits are covalently linked via chemical crosslinking using short PEG fragments, resulting in a molecule with unique pharmacokinetic parameters. In clinical studies, PRX-102 has demonstrated a circulatory half-life of approximately 80 hours. Due to Fabry’s chronic birth, patients must receive an IV infusion of enzyme replacement therapy every two weeks, which is a significant burden. PRX-102, with its extended half-life, aims not only to be more effective, but also to reduce the frequency of doctor visits for Fabry patients.

Three Phase III studies have been initiated to support regulatory approval of PRX-102 worldwide, designated BRIDGE, BALANCE and BRIGHT. After an exit from main results in May 2020, the BRIDGE trial provided final results on December 30, reiterating its findings of substantial improvement in kidney function. See our March 31 report for more details on the test results.

Comparison of the phase III trial PRX-102 (5)

summary

Since our recent initiation on Protalix the company provided several updates including closing nearly $ 50 million in gross revenue since the start of the year, expanding a partnership with SarcoMed USA, announcing final results of BRIDGE and the provision of BRIGHT master data. We also expect positive news from the FDA regarding the approval of PRX-102 next month. Assuming FDA approval, sales of the enzyme are expected to be underway by 2:20 am. Below, we summarize the key elements of our thesis:

➢ PRX-102 target action date April 27, 2021, subsequent approval and commercialization

➢ Potential for superiority compared to the market leader Fabrazyme

➢ Existing sales and royalty income from taliglucerase alfa

➢ PRX-102 orphan indication

➢ Partnership with Chiesi for the worldwide commercialization of PRX-102 in Fabry disease

➢ Rights on milestones and royalties

SUBSCRIBE TO THE RESEARCH ZACKS SMALL CAP to receive our articles and reports sent directly by email each morning. Please visit our website for more information on Zacks SCR.

INFORMATION: Zacks SCR has received compensation from the Issuer directly, an investment manager or an investor relations consultancy, engaged by the Issuer, for providing research coverage for a period at least one year. The research papers, as seen here, are part of the service provided by Zacks and Zacks receives quarterly payments totaling a maximum of $ 40,000 per year for these services. Full disclaimer HERE.

________________________

1. Protalix company presentation March 2021

2. Singh, G. et al. Gout and hyperuricemia in the United States: prevalence and trends. Rheumatology. 2019; 58 (12): 2177-2180.

3. Dehlin, M. et al. Global epidemiology of gout: prevalence, incidence, treatment regimens and risk factors. Nat Rev Rheumatol

4. Pressler T. (2008). Review of recombinant human deoxyribonuclease (rhDNase) in the management of patients with cystic fibrosis. Biologics: targets and therapy, 2 (4), 611–617. https://doi.org/10.2147/btt.s3052

5. Source: Protalix 2020 Form 10-K


Source link

]]>
http://sektinfo.org/target-action-date-in-four-weeks/feed/ 0
IMF sees better prospects for global economy http://sektinfo.org/imf-sees-better-prospects-for-global-economy/ http://sektinfo.org/imf-sees-better-prospects-for-global-economy/#respond Wed, 07 Apr 2021 23:15:36 +0000 http://sektinfo.org/imf-sees-better-prospects-for-global-economy/

WASHINGTON – The International Monetary Fund prepares to raise its forecast for the global economy in 2021 and 2022 with recent fiscal stimulus in the United States and increased vaccination against Covid-19, CEO Kristalina Georgieva said on Tuesday.

IMF screened in january that global economic output would increase by 5.5% in 2021, after an estimated contraction of 3.5% last year in the middle the coronavirus pandemic. Since then, the US Congress has passed an additional $ 1.9 trillion in fiscal stimulus, and the Biden administration has raised its objectives to vaccinate the population against Covid-19.

“This allows for an upward revision of our global forecast for this year and for 2022,” Georgieva said in remarks prepared for an event on Tuesday. The new estimates will appear next week in the IMF’s periodic update on the world economy, she added.

Separately, a report released Tuesday by the Conference Board showed that consumer confidence in the United States rose in March. at its highest level since the start of the pandemic a year ago, with Americans expressing more optimism about business and labor market conditions in the coming months.

Despite the brighter outlook, Georgieva highlighted a growing divergence between rich countries that rapidly vaccinate their populations against Covid-19 and poorer countries that lack the resources to do so.

“They already have more limited fiscal power to tackle the crisis,” said Georgieva, “and many are very exposed to hard-hit sectors, like tourism.”

By next year, the cumulative loss of per capita income compared to pre-crisis forecasts will be 11% in advanced economies and 20% in developing countries excluding China, a she declared.

The divide could put pressure on financial markets, said Georgieva. She urged policymakers to carefully monitor financial sector risks, “including stretched asset valuations.”

In addition, faster growth in the United States “could lead to a rapid rise in interest rates”, which in turn could restrict the flow of money and credit in the economy and attract capital out of the country. poorest countries.

“This would pose major challenges, especially for middle-income countries with large external financing needs and high debt levels,” she said. “Many of these countries will need more help.”

Most Federal Reserve officials plan to keep overnight interest rates close to zero until 2023, although financial markets have anticipated an earlier start to tightening.

The IRS sent about 90 million stimulus checks to Americans in March. WSJ chief economic commentator Greg Ip explains why stimulus checks alone are unlikely to boost inflation. Photo illustration: Carlos Waters

Ms Georgieva echoed the Fed’s inflation outlook, saying pent-up demand could push up some prices as the pandemic restrictions end, but that effect is expected to be short-lived. She said the IMF’s forecast for US inflation in 2022 was 2.25%.

“We are not in the school of those who worry about inflation,” said Georgieva.

A number of influential economists have warned in recent months that the Biden administration’s stimulus spending could produce excessively high inflation. Former IMF Chief Economist Olivier Blanchard

written in february “There are good reasons to be concerned” about overheating growth and inflation.

Write to Paul Kiernan at paul.kiernan@wsj.com

Copyright © 2020 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Appeared in the print edition of March 31, 2021 under the title “IMF clarifies its economic outlook.”


Source link

]]>
http://sektinfo.org/imf-sees-better-prospects-for-global-economy/feed/ 0
Despite a tough 2020, this Chinese fintech stock has brighter days ahead http://sektinfo.org/despite-a-tough-2020-this-chinese-fintech-stock-has-brighter-days-ahead/ http://sektinfo.org/despite-a-tough-2020-this-chinese-fintech-stock-has-brighter-days-ahead/#respond Wed, 07 Apr 2021 23:15:36 +0000 http://sektinfo.org/despite-a-tough-2020-this-chinese-fintech-stock-has-brighter-days-ahead/

LexinFintech Holdings (NASDAQ: LX) would probably like to forget 2020. The COVID-19 pandemic wreaked havoc on the global economy, and there was simply no escape for gamers the financial sector, including this fintech that meets the financial needs of young professionals in China.

In the first quarter of 2020, LexinFintech bad debt provisions had increased. The company slipped into the red and investors got nervous. As a result, LexinFintech stock fell almost 60% from 52 week highs. The stock has since made up for a lot of lost ground, but it is still trading 25% below pre-COVID levels.

But there are new signs that fintech is in full recovery mode. LexinFintech latest income report, released late last week, offers new evidence that things are getting better.

Image source: Getty Images.

LexinFintech made the most of a brutal 2020

There is no doubt that 2020 has been brutal for LexinFintech, which generates income primarily by matching lenders and young borrowers – those who have no credit history and cannot access bank credit facilities – by exchange of fees. Net profit for the year fell 74% due to global economic issues that required increased loan provisions as well as a change in accounting rules.

Still, LexinFintech’s performance throughout 2020 shows a steady recovery. It reported a net loss of 678 million yuan (about $ 103.6 million at current conversion rates) in the first quarter of 2020, but it reported net profit in the second and the third trimesters.

In the fourth quarter, revenue from credit-focused services – the fees that LexinFintech generates from lending activities – increased 3% year-over-year to 1.8 billion yuan (275 million yuan). dollars). Net profit was 510 million yuan ($ 78 million), down from a year ago, but only 2% lower. In other words, business has fundamentally returned to pre-coronavirus levels.

Credit quality has also stabilized. For example, the 30-day-plus late payment rate – which tracks borrowers who are at least a month late in their repayments – has fallen to pre-pandemic levels of 3.4%. This is a big improvement from 6% in the first quarter of 2020.

There were also positive developments for the year. For example, LexinFintech was successful in meeting its loan origination goals for 2020. More importantly, the company has accelerated its transition to a technology-driven, low-capital business model which emphasizes zero financial risk. In this model, LexinFintech is not responsible for loan losses, improve the quality of its income. In the last quarter, LexinFintech issued more than 50% of its loans using this model.

Things are looking up for LexinFintech

LexinFintech managed to accelerate its growth in 2020, proving just how resilient its business model is. And as the economic recovery gains momentum, consumers will start spending more. This should further boost its fintech activity.

LexinFintech is also ideally positioned to capture market share from Chinese technology titans, including Group of ants and Tencent, which dominate everything from social media to finance. These companies have become too important for Chinese regulators, who consider efforts to contain them. It is therefore not surprising that LexinFintech has raised its loan issuance forecast for 2021 by 20 billion yuan ($ 3 billion). He now expects the total amount of the initial loans to be between 240 billion yuan and 250 billion yuan ($ 37-38 million).

LexinFintech is also taking a big step forward in digital retail, which could unlock a new engine of growth. For example, he recently launched Maiya – one of the first Chinese “buy now, pay later” suppliers. With Maiya, LexinFintech is betting that it can replicate the success of To affirm and Klarna in the United States and Europe. Maiya is on track to reach 50 million yuan ($ 8 million) in gross merchandise value in its first month of operation, indicating strong market demand.

Of LexinFintech’s 118 million registered customers as of December 2020, only 27.7 million had lines of credit through its existing financial products. LexinFintech could leverage Maiya to convert inactive users to active users, with minimal acquisition costs. In addition, Maiya also gives LexinFintech a way to harness the growing purchasing power of young Chinese consumers. This is a much bigger opportunity than LexinFintech’s existing fintech market – and could boost its future growth.

What’s next for LexinFintech

LexinFintech has made the most of a brutal 2020. With earnings returning to pre-COVID levels and continued improvements in credit quality over the past three quarters, investors can expect better financial performance this year.

In addition, LexinFintech does not stand still. Its evolution from a fintech pure-play into a platform for young people to shop and spend their money using Maiya is likely to trigger a new phase of growth.

Investors just need to be vigilant and watch the money roll in.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


Source link

]]>
http://sektinfo.org/despite-a-tough-2020-this-chinese-fintech-stock-has-brighter-days-ahead/feed/ 0