Kent Tribune http://kenttribune.com/ Tue, 03 Aug 2021 20:53:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://kenttribune.com/wp-content/uploads/2021/05/icon.png Kent Tribune http://kenttribune.com/ 32 32 New University of Social Welfare: Need of the Hour https://kenttribune.com/new-university-of-social-welfare-need-of-the-hour/ https://kenttribune.com/new-university-of-social-welfare-need-of-the-hour/#respond Tue, 03 Aug 2021 18:54:28 +0000 https://kenttribune.com/new-university-of-social-welfare-need-of-the-hour/

After the formation of Telangana State, Residential Social Welfare Educational Institutions (SWREI), commonly referred to as Gurukul Schools, evolved into a robust parallel education system in Telangana State. In addition to social protection and tribal protection, the backward classes and Gurukul minority institutions are now spread throughout Telangana. These institutions, previously limited to school and intermediate level, have now moved to the sub-degree, post-degree and professional levels. This is the result of the special efforts of the Telangana government to strengthen Gurukul institutions. The number of such institutions in the Telangana region of the former undivided Andhra Pradesh was only 298. After the formation of Telangana State, the number of Gurukul institutions increased exponentially, to 1,401 with a total of five and a half lakh students. Against the backdrop of the many successes of SWREI students, their vast alumni and other academics presented a proposal to establish a Gurukul Welfare University. This proposal also found support from civil society groups. The need to create a university specializing in social protection in Telangana is now the subject of debate in higher education circles.

National education policy 2020

In terms of the Constitution of India and other applicable laws, rules and regulations, there is no restriction on the establishment of a special university. The Constitution of India states in Article 29 (2) and Article 46 that special facilities are to be provided for the socially and educationally backward classes of the country. The University Grants Commission (UGC) has created special universities for various social groups. There are many tribal universities and women-only universities already operating in the country. The establishment of a different university to promote the educational development of Dalits and other weaker strata of society would result in many opportunities for scholarships and special financial aid.

The new National Education Policy 2020 (NEP) envisages several institutional and structural changes in the school and higher education systems. The policy aims to radically reorganize existing institutional structures, especially in higher education institutions. The NEP-2020 plans to increase the gross enrollment ratio (GER) in higher education to 50% in 2035, against 26.3% in 2018. According to available statistical information, the GER of SC students in education the higher is currently 22. percent, and for S&T it is 15.9 percent. Overcoming these differences appears to be the goal of NEP-2020, which also highlights the need for special attention to the educational development of socially economically disadvantaged groups (SEDGs) and inclusive policies in higher education. The establishment of a special university for social protection in Telangana is well aligned with the objectives of NEP-2020.

NEP-2020 aims to do away with the affiliated college system institutionalized from the start. Alternatively, the policy proposes the creation of colleges and universities granting autonomous degrees. There are around 40,000 affiliated colleges in India, of which in Telangana alone there are 133 public colleges, 921 private and 53 university colleges affiliated with Gurukul. According to the provisions of NEP-2020, all these colleges are to be transformed into stand-alone graduate colleges or universities. However, NEP-2020 allows the continuation of the constituent college system of universities. Constituent colleges are an integral part of universities. They can also be described as campuses of a university spread over different locations. Being essential to universities, they are staffed and managed directly by universities. In accordance with the provisions of NEP-2020, the 53 existing Gurukul degree colleges affiliated with various universities would not be maintained in the future. Each of them should either be transformed into a stand-alone degree-granting college or collectively emerge as constituent colleges of a new university. The option of converting all existing Gurukul Undergraduate, Postgraduate and Professional Colleges to independent and stand-alone degree-granting colleges would not be practical. The appropriate decision would be to create a new welfare university and integrate the existing Gurukul colleges into its fold as constituent colleges. It would also provide a better organizational and governance structure. The new university can formulate its curriculum, its pedagogy, its innovative research avenues, etc.

Telangana: a model

The Telangana government has already established 53 special degree colleges over the past seven years – 30 under Social Welfare, 22 under Tribal Welfare and one college is owned by Colombia’s Ministry of Welfare. -British. These colleges provide education to 25,000 students. Although these institutions operate with funds allocated to the Social Welfare Department, student enrollment will be from all communities, at present around 25 percent of seats have been allocated to others, including OCs. . Students who study at these institutions perform better compared to conventional colleges. The announcement by Chief Minister Sri K. Chandrasekhar Rao of the “Telangana Dalit Bandhu” program is also expected to boost the educational development of these communities. In this context, it is interesting to consider the establishment of a separate and alternative system for higher education of the weaker sections, on the model of the existing system of Gurukul institutions.

The current arrangement of Gurukul Colleges as affiliated colleges with various conventional universities in the state has encountered several compatibility issues. These institutions have evolved with unique teaching practices, strict discipline, punctuality and different governance methods. In addition, the courses currently offered at Gurukul Colleges are diverse and different from other degree colleges. They have already introduced new courses in the undergraduate levels.

The existing affiliation system means that Gurukul colleges regularly move from one pillar to another to gain approval from four or five conventional universities. In addition, it also creates problems in developing an innovative curriculum adapted to contemporary times and introducing changes in course structures. Overall, the existing affiliate colleges appear to hamper the growth and innovation of Gurukul colleges. The logical way to solve these problems is to create a new special state university for Gurukul colleges.

Global experience

The creation of universities for hitherto disadvantaged sections of education and higher education is not a new practice. It is relevant to appreciate the history of these types of institutions, for example, such institutions in the United States are known as Historically Black Universities (HBUs) which began in the 19th century. Fisk University, Tennessee State University, was established in 1866. The highly regarded Howard University, founded in 1867 in Washington DC, provided the first black judge, Thurgood Marshall, to the Supreme Court of the United States. Critically acclaimed black writer, actress, singer, Pulitzer Prize winner Toni Morrison and Emmy Award winner Phylicia Rashad and many others are well-known alumni of this university.

Civil liberties crusader and Nobel Peace Prize winner Martin Luther King Jr. studied at Hampton University is a reputable HBU founded in 1868. Famous educator Booker T. Washington who studied at the same university, has founded another HBU in Alabama in 1881 known as Tuskegee University. This university, in turn, produced a famous black singer and songwriter, Lionel Richie. These HBUs in the United States continue to retain their unique characteristics and prove to be some of the best even in contemporary times. The establishment of similar special higher education institutions for the Aborigines of Australia and the indigenous peoples of Canada is also relevant.

Countries with historical experiences of discrimination and inequality have instilled confidence in the oppressed layers of the population through special measures in the field of education in particular. These measures successfully revealed the wonderful and resilient intellectual traits of the disadvantaged and marginalized sections and converted them into national wealth. Now India must also think in the same direction. Telangana, which has already laid the groundwork for a flawless parallel education system through Gurukul institutions, is expected to lead and become a model for the country by establishing a new Telangana welfare university.

(The authors are respectively the former Dean of the Faculty of Social Sciences at Osmania University and the Dean of the Faculty of Social Sciences at Dr BR Ambedkar Open University)

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Politics: Well-being: 60,000 more Scots will feel the pain of poverty, what does this mean? https://kenttribune.com/politics-well-being-60000-more-scots-will-feel-the-pain-of-poverty-what-does-this-mean/ https://kenttribune.com/politics-well-being-60000-more-scots-will-feel-the-pain-of-poverty-what-does-this-mean/#respond Tue, 03 Aug 2021 10:00:03 +0000 https://kenttribune.com/politics-well-being-60000-more-scots-will-feel-the-pain-of-poverty-what-does-this-mean/ Have you ever experienced poverty? SNP’s Shona Robison said the Chancellor’s plan to end the £ 20 universal credit hike means 60,000 Scottish families, including 20,000 children, will soon know what it looks like.

This is a shocking claim. But will this lead to destitution for tens of thousands of Scots? And if so, why aren’t we more angry about it? Where are the mass protests?

One of the biggest problems surrounding the issue of poverty is the term “poverty” itself. What does this really mean? The dictionary can define it as a “state of extreme poverty”, but it suffers from ambiguity as do terms such as “politics” or “art”. It means something different to different people.

Read more: Independence: island life beats to the rhythm of a nationalist drum

It can be emotional. For the less charitable, it can smell of failure and weakness. We may have moved from Victorian-era moralizing of the poor or insensitivity to Norman Tebbit’s hopefully “ride your bike”, but traces of “poverty is a choice” remain.

Indeed, figures from the British Social Attitudes Survey 2010 revealed, over 15 years, that individual factors (laziness or lack of will) (23%) were increasingly seen as an explanation, while injustice social was less (21%). It will be interesting to see if the pandemic reverses this trend. Thirty-five percent believed that living in need was an inevitable part of modern life, while 13% attributed it to bad luck.

For the Joseph Rowntree Foundation, poverty is “when your resources are well below your minimum needs”. But research he conducted in 2013/14 found it to be “something associated with the problems of the developing world, rather than the UK.” This made the participants feel disengaged when they heard about poverty, as they could feel that the problem was exaggerated ”.

So in the UK, out of poverty, we are not suggesting that five-year-olds openly beg in the streets as in the Indian subcontinent. But we are talking about insecurity, uncertainty and impossible decisions about money.

Read more: Education: Politics: Is the private the best solution?

Poverty is insidious and can even be invisible, having as much, if not more of an effect on the mind than material circumstances. It clings to all aspects of life, clouding judgment, affecting self-esteem and therefore life chances, passing from generation to generation.

It’s no surprise that the drug-related death rate is 18 times higher in poorer areas than in wealthier areas, as drug addiction eases the pain of reality.

I consider myself lucky, but I briefly touched on poverty. In a year without a job after graduation, I remember having to sleep at night in an unheated apartment wearing a winter coat and two pairs of sweat socks. I had a limited choice of clothes and food, and struggled to raise enough money to pay for the bus tickets. It was shameful and embarrassing, so I kept it a secret. But I was young and I knew it was only a stage in life.

The pandemic has made an already dire situation worse for those less fortunate, and a little more would make a huge difference. But poverty is a stain that no civilized society should tolerate. And unfortunately, a £ 20 document is not enough to solve this problem.

Our columns are a platform for writers to express their opinions. They do not necessarily represent the views of The Herald.

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The fly in the ointment causes the yields to drop https://kenttribune.com/the-fly-in-the-ointment-causes-the-yields-to-drop/ https://kenttribune.com/the-fly-in-the-ointment-causes-the-yields-to-drop/#respond Thu, 29 Jul 2021 13:02:23 +0000 https://kenttribune.com/the-fly-in-the-ointment-causes-the-yields-to-drop/

Outlook

We wrote yesterday that Fed chief Powell is unlikely to say anything different, and it was the right move. We have to wait for a cutback announcement for at least one more meeting and probably two, and then the rollback implementation in the second, third, or fourth meeting that follows. That takes us through November or maybe December. This is not a new story. Why has it not already been evaluated in various markets? Well it was – the fall in the 10 year yield, the rise in the euro / dollar.

Today is another big problem, the GDP. As we wrote earlier, the estimates are everywhere. Today, the WSJ is proposing its survey, 8.4% annualized, past pre-pandemic levels. Bloomberg has 8.5%, but we are dismayed that the Atlanta Fed only has 6.4%, based on a decline in private investment. The Atlanta Fed almost always overshoots, so an undershoot is odd.

We also get the usual Thursday jobless claims, which is arguably more important as this is the primary focus of the Fed. Trading Economics has a succinct (albeit somewhat formal) report: “Initial jobless claims probably fell last week to 380,000, not far from a 16-month low of 368,000 reached at the end of June, underscoring a recovery rapid growth in the US economy. . Yet the level of claims is still more than double the pre-pandemic average, despite record job openings and increased attempts by many companies to add staff. The total number of claimants is expected to decline further in the coming weeks, due to the phasing out of enhanced federal unemployment benefits in many states ahead of the official September expiration date, and as schools reopen and the demand during the summer resumes. “

What if GDP disappoints the Atlanta Fed’s 6.4% drop (remember Morgan Stanley’s 11 +%) but initial jobless claims collapse well below of the 350.00 expected approximately? Logically, traders should incorporate an early cut, which is favorable to the dollar. Or how about the reverse, a gigantic GDP at 10-12% but claiming the same or more? It’s hard to see this as not promising more jobs in the very near future which we have been anticipating from the start for September / October. Always favorable to the dollar.

The fly in the ointment is falling returns, including real returns, while inflation expectations rise, compounding negative real returns. We just don’t understand how yields can plummet – meaning buyers are plentiful – when GDP could hit 11%. Growth of this magnitude, even if it is a one-time shock, always suggests inflation due to both too much demand and too little supply. Even Powell said inflation may be bigger and longer than expected last time around. So why are inflation expectations sidelined in favor of a fear trade? Perhaps this is a marginal discourse on a more lasting recession to come.

Then we have to consider that it is almost the end of the month and we have to expect some positional adjustments. This probably means reducing long positions in the dollar, which may have helped the dollar fall. At first glance, the dollar is in a bad spot, but longer term (by what we mean Jackson Hole / September) sentiment will return to the United States pulling the world out of the pandemic-induced recession. Yields should pick up, if not for a really interesting real return. The one scary thing, and not easy to explain, is the dropping yields so badly. Various efforts don’t really make a compelling case. We see from time to time that yields and the dollar have largely decoupled a few years ago, but it looks like the coupling is back. Perhaps the new calming noises from China overnight will reduce anxiety.

Until the anxiety (from whatever source) is reduced, we are stuck in a correction.

Funny little info: The purchasing power parity theory argues that currencies should move to balance prices among economies. This does not work, of course, for a dozen reasons, including choosing a representative basket of products, the difference in taste, etc. But decades ago, The Economist crafted what it calls a “tongue-in-cheek” comparison of Big Mac prices around the world. Sometimes it also has predictive value. The table this time shows the Swiss franc overvalued (it always has been), the euro and the pound a little undervalued, and the yen more undervalued. Just as the Treasury has judged, the Vietnamese dong is undervalued, and the ruble even more.

fxsoriginal


This is an excerpt from “The Rockefeller Morning Briefing”, which is much larger (about 10 pages). The Briefing has been published daily for over 25 years and represents experienced analysis and insight. The report offers in-depth information and is not intended to guide FX trading. Rockefeller produces other reports (spot and forward) for trading purposes.

Get a two week trial of full reports and tips from traders for just $ 3.95. Click here!

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Advise: approach family loans with caution https://kenttribune.com/advise-approach-family-loans-with-caution/ https://kenttribune.com/advise-approach-family-loans-with-caution/#respond Fri, 23 Jul 2021 20:20:08 +0000 https://kenttribune.com/advise-approach-family-loans-with-caution/

Mixing family and money can be complicated, which is why an expert from Greenleaf Trust recommends that all factors be weighed and that everything be thoroughly documented in the case of family loans.

Regina Jaegar, Vice President and Senior Trust Relations Officer at Greenleaf Trust and Certified Trustee and Trustee, recently spoke to the Business Journal about family loans, which can be convenient for the borrower but could have serious financial ramifications , personal and fiscal for the lender – and the family unit – if not treated with care.

“Family loans should really be well thought out and (people should) consider whether or not these loans might interfere with family relationships,” Jaegar said.

According to a recent CreditKarma article, a family loan, sometimes referred to as an intra-family loan, is a loan between family members that differs from personal loans from traditional lenders or person-to-person loans from private investors because there is no defined qualifications or repayment schedules for loans contracted with family members. Usually, a family loan is considered when the borrower is in dire need but is not eligible for credit from traditional lenders or when interest rates on traditional loans are higher than the borrower can afford.

This does not mean that a family loan is interest free. The Internal Revenue Service publishes its Federal Applicable Rate (AFR) each month, which is the minimum interest rate a lender can charge a borrower for loans over $ 10,000. Rates vary depending on the length of the term, with shorter term loan rates being the lowest. If the lender charges interest lower than the AFR, the lender will have to pay taxes on the lost interest.

As tempting as it may be to take out a family loan on the basis of a handshake deal or a simple contract, Jaegar said it’s important to document the transaction, so all parties are aware. interest rates, the payment structure and what happens if the borrower does not honor the loan.

“We always recommend that you consult with legal counsel for drafting the (promissory) note or drafting the loan documents to make sure it meets all the requirements that the IRS says a loan must meet for.” that it could be considered a loan, ”she said.

Jaeger

Jaegar said that while there are advantages to a family loan – usually for the borrower – the disadvantages often outweigh the advantages for the lender and can include family disputes, with borrowers becoming too dependent on parents or grandparents and treating them like the bank, and more.

“Another downside is that unintentionally your estate planning goals are not being achieved the way you want them to be because the loans are not sufficiently documented. This is probably the problem that I have seen the most often in my experience, ”she said. “When family members make these loans – mom and dad or grandmother and grandfather do – five years after the start of the loan or two years after the start of the loan, they become a little lax in reporting. payments, then when the lender dies, the personal representative or the trustee tries to replenish the outstanding loan amount.

She added that lenders must consider the impact on their wealth if they make a family loan.

“I don’t think we constantly ask ourselves enough whether this makes sense at both ends of the transaction, because the lender, if he lends a grandchild $ 300,000 to buy a house or whatever it is. amount is $ 300,000 which is withdrawn from the lender’s investment portfolio, so it is potentially missing a higher interest rate that could be earned on that $ 300,000 or the overall net rate of return that could be used Jaegar said. “So the lender is potentially giving up something. And if they are relying on… that portfolio performance and that $ 300,000 for cash or to meet their basic needs, that could be a problem. It has to make sense at both ends of the transaction, not only for the borrower, but also for the lender, because the lender is giving up something.

Borrowers should also understand that family loans will not help them build credit because they are not registered with a banking institution.

Jaegar said she always recommends that family members who are considering a loan to a relative ask them to seek traditional financing first and only make the loan if they are not eligible. Even so, she said, the potential lender would have to weigh all the factors, including family dynamics, borrower reliability, and whether the lender can afford to potentially reclassify the loan as a gift – or be prepared to take legal action – in the event of a defaulting borrower.

“The most important thing is to consider family dynamics and the impact of these arrangements on the family,” she said. “Everything looks good when you talk about it – oh, I can get a really cheap loan from mom and dad and they can fund it – but when you really dig you have all these considerations that should be really well thought out before you go.” forward.

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Letter: bond traders will give equity buyers a run for their money https://kenttribune.com/letter-bond-traders-will-give-equity-buyers-a-run-for-their-money/ https://kenttribune.com/letter-bond-traders-will-give-equity-buyers-a-run-for-their-money/#respond Fri, 23 Jul 2021 20:07:38 +0000 https://kenttribune.com/letter-bond-traders-will-give-equity-buyers-a-run-for-their-money/

Updates to the letter

There is an old joke about two friends walking in a forest. At one point, they notice that a large black bear is following them at some distance. They walk faster, but the bear keeps getting closer. At one point, one of the two friends stops, takes off the chunky boots he’s wearing, and replaces them with light running shoes. The other friend comments that even with running shoes on, he couldn’t outrun the bear and the friend replies, “Yes, that may be true. But I’ll be able to outrun you!

The creation of the secondary market (“US bond reaction to inflation data leaves investors perplexed”, Report, FT Weekend, July 17) created a similar situation, especially if many bonds are held, or at least controlled, by financial agents who consider themselves better informed and more agile than others. They may have convinced themselves that when the time came, they would be able to exit their investments faster than others, offloading the bonds onto less nimble investors.

In addition, the extraordinary rise in stock prices over the past two years must have created at least some possibility that at some future date a major adjustment in stock prices could occur. This would make bonds relatively more attractive than stocks.

Vito Tanzi
Former Director, Fiscal Affairs Department, IMF
Bethesda, Maryland, United States

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Governor Edwards announces board and commission appointments https://kenttribune.com/governor-edwards-announces-board-and-commission-appointments/ https://kenttribune.com/governor-edwards-announces-board-and-commission-appointments/#respond Fri, 23 Jul 2021 18:15:19 +0000 https://kenttribune.com/governor-edwards-announces-board-and-commission-appointments/

Today, Governor John Bel Edwards announced his appointments to several Louisiana boards and commissions.

Louisiana Games Control Board

The Louisiana Gaming Control Board regulates all gambling activities under its jurisdiction in a manner that instills public confidence and confidence that gambling activities are conducted honestly and free from criminal elements and corruption; to ensure the integrity of individual gaming operations through the regulation of people, practices, associations and activities within the gaming industry.

Ronnie S. Johns of Sulfur has been named to the Louisiana Gaming Control Board. Johns is the former senator for the Senate District of Louisiana 27. He will represent the 3rd District of Congress and will serve as president.

Louisiana State Board of Forensic Pathologists

The mission of the Louisiana State Board of Medical Examiners is to protect and enhance the health, safety, and well-being of Louisiana citizens through the licensing, regulation, research, and discipline of physicians and allied health professionals in a manner that protects the rights and privileges of licensees.

Robert C. Batson MD of New Orleans has been appointed to the Louisiana State Board of Forensic Pathologists. Batson is Isidore Cohn, Jr., Professor and Chief of Surgery at LSU Healthcare Network and will represent LSU Health Sciences Center – New Orleans.

Patrick T. O’Neil MD of New Orleans has been reappointed to the Louisiana State Board of Forensic Pathologists. O’Neil is the vice president of adult psychiatry at Tulane School of Medicine and will represent Tulane Medical Center.

Lester W. Johnson MD of Rayville has been reappointed to the Louisiana State Board of Forensic Pathologists. Johnson is the Vice Chancellor of Academic Affairs at LSU Health Shreveport. Johnson will represent the Louisiana Medical Society.

Louisiana Citizens Property Insurance Company

The Louisiana Citizens Property Insurance Corporation is a non-profit organization established to provide insurance products to residential and commercial property applicants who are bona fide licensed, but unable, to purchase insurance in the voluntary insurance market. .

William P. Chauvin of New Orleans has been appointed to the Louisiana Citizens Property Insurance Corporation. Chauvin is an executive mentor at Vistage Chair and has been appointed by the Society of Louisiana Certified Public Accountants.

Capital Region Human Services District

The Capital Region Social Services District leads the operation and management of community programs and services related to public health, mental health, developmental disabilities and addiction services for the parishes of Ascension, East Baton Rouge, East Feliciana, Iberville, Pointe Coupee, West Baton Rouge and West Feliciana.

Chalonda Banks Hollins of Baton Rouge has been appointed to the Capital Region Social Services District. Hollins is a social worker for the East Baton Rouge Parish School System. Hollins will represent the Parish of East Baton Rouge and serve as an expert in the area of ​​mental health.

Louisiana State Board of Home Inspectors

The primary objective of the Louisiana State Board of Home Inspectors is to protect the safety, health, property and welfare of the general public and to promote the vigorous growth of the real estate industry in the State of Louisiana. The Council assesses the qualifications of candidates for licensure and grants licenses to those who qualify. It establishes rules and regulations to ensure the integrity and competence of licensees.

Paul D. Brunet de Lafayette has been appointed to the Louisiana State Board of Home Inspectors. Brunet is the owner of an inspector at Brunet Associés and will represent the 3rdCongress District.

Fredrick W. Williams of Stonewall has been appointed to the Louisiana State Board of Home Inspectors. Williams owns Quality Home Inspection and will represent the 4eCongress District.

Louisiana State Council of Drug and Device Distributors

The Louisiana Council of Drug and Device Distributors licenses and regulates the distribution of legendary drugs and devices by distributors in and throughout the State of Louisiana in order to protect life and health and to promote the public welfare.

James G. Delatte of Ponchatoula has been reappointed to the Louisiana State Board of Drug and Device Distributors. Delatte is the Director of Government Affairs and Policy at Horizon Therapeutics and will represent Pharmaceutical Research and Manufacturers of America.

Darrick A. LeBeouf of New Orleans has been reappointed to Louisiana State Council of Drug and Device Distributors. LeBeouf is the Director of Government Affairs at Pfizer and will represent Pharmaceutical Research and Manufacturers of America.

Bayou Lafourche freshwater district

The Bayou Lafourche Fresh Water District was established by the Louisiana Legislature in 1950 to provide fresh water to water purification facilities along the Bayou Lafourche.

Hugh F. Caffery of Lockport has been appointed to the Bayou Lafourche Freshwater District. Caffery is a manager at Valentine Chemicals and will represent the area north of the railway line in the parish of Lafourche.

Jacob A. Giardina from Thibodaux has been appointed to the Bayou Lafourche freshwater district. Giardina is retired and will represent the parish of Lafourche.

Ray C. Mayet of LaRose has been re-appointed to Bayou Lafourche Freshwater District. Mayet is an engineer with J. Wayne Plaisance Inc. and will represent the region south of the Intracoastal Waterway in the parish of Lafourche.

Francis C. Richard from Thibodaux was appointed to the Freshwater District of Bayou Lafourche. Richard is retired and will represent the area south of the railway line in the parish of Lafourche.

Louisiana State Board of Directors of Embalmers and Funeral Directors

The mission of the Louisiana State Board of Embalmers and Funeral Directors is to regulate embalmers, funeral homes, funeral directors, those engaged in the care and disposition of deceased persons and the handling of complaints of consumers.

Juan M. Joseph d’Opelousas has been appointed to the Louisiana State Board of Embalmers and Funeral Directors. Joseph is a Funeral Director at Williams Funeral Homes and will serve as the Certified Funeral Director. Joseph will represent District C.

Louisiana Drone Advisory Committee

The mission of the Louisiana Drone Advisory Committee is to regulate air and unmanned aerial systems in Louisiana.

Bush’s Leland A. Dwight has been appointed to the Louisiana Drone Advisory Board. Private Dwight is the sUAS program coordinator and Louisiana State Police Chief Pilot. It will be used in general.

Louisiana State Uniform Building Code Council

The main function of the board is to review and adopt the state’s Uniform Building Code, to provide training and education for code officials, and to accept all requests for code changes, to the Louisiana State Plumbing Code exception. Specifically, the board establishes the certification and continuing education requirements and process for code enforcement officers, code enforcement inspectors, third-party vendors, and building officials, and determines whether there are any changes to the code. uniform state construction are justified.

Eric L. Parnell of Baton Rouge has been appointed to the Louisiana State Uniform Construction Code Council. Parnell is the owner and architect at ArchBoutant, LLC and will serve generally.

Rodney R. Wallis of New Orleans has been appointed to the Louisiana State Uniform Construction Code Council. Wallis is a member of Local 130 of the International Brotherhood of Electrical Workers and will serve in general.

Louisiana Drug Control and Violent Crime Policy Council

The Louisiana Drug Control and Violent Crime Policy Board examines the needs of state and local governments to make funding recommendations to the Louisiana Commission on Law Enforcement to support a wide range of activities to prevent and control drug trafficking , drug-related crime and violence crime.

Billy Joe Harrison of Natchez, Louisiana has been appointed to the Louisiana Drugs and Violent Crime Policy Council. Harrison is the district attorney for Natchitoches. He has been nominated by the Louisiana District Attorneys Association and will represent attorneys in the mid-area of ​​the state.

James R. “Jimmy” Lestage of DeRidder has been appointed to the Louisiana Drugs and Violent Crime Policy Board. Lestage is the prosecutor for the parish of Beauregard. He was appointed by the Louisiana District Attorneys Association and will represent prosecutors in the western region of the state.

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The “real” value of the rand – according to the Big Mac index https://kenttribune.com/the-real-value-of-the-rand-according-to-the-big-mac-index/ https://kenttribune.com/the-real-value-of-the-rand-according-to-the-big-mac-index/#respond Thu, 22 Jul 2021 15:14:14 +0000 https://kenttribune.com/the-real-value-of-the-rand-according-to-the-big-mac-index/

The Economist updated its Big Mac Index, showing how the rand continues to be one of the most undervalued currencies in the world, against the US dollar.

The Big Mac Index is an initiative created by The Economist that aims to measure whether currencies are valued at their “correct” level.

It is based on the theory of purchasing power parity (PPP) – the notion that, in the long run, exchange rates should move towards the rate that would equalize the prices of an identical basket of goods and services. (in this case, a Big Mac burger) in two countries.

The Big Mac is selected for comparison as the popular fast food meal is widely available and remains fairly consistent in price; however, this is by no means an exact measurement.

According to The Economist, “Burgernomics” was never intended as an accurate indicator of monetary misalignment, but is simply a tool to make exchange rate theory more digestible.

The index has, however, become a global standard, included in several economics textbooks, and is also the subject of at least 20 academic studies, the group noted.

The “real” value of the rand in July 2021

The Big Mac Index measures the real value of currencies using two methods: a direct measure of PPP using gross prices, and an adjusted index that takes into account local GDP data.

Using raw data, a Big Mac costs Rand 33.50 in South Africa and $ 5.65 in the United States. the the implied exchange rate is R 5.93 per dollar.

The difference between that and the real exchange rate – 14.66 rand to the dollar at the time of reporting – suggests that the rand is undervalued by 59.5%, which is the third most undervalued currency measured by l index in July.

Local unity ranks only above the Russian ruble and the Lebanese pound, which are undervalued by 59.9% and 70.2%, respectively – although The Economist noted that Lebanon did not of Bic Mac comparable to compare, using the Maharaja. Mac instead.

GDP per capita

However, the raw index does not tell the whole story of currency valuation.

Because many argue that, due to PPP, the cost of producing a Big Mac is cheaper in poorer countries, The Economist takes into account another important indicator – GDP per capita – to draw a larger conclusion. precise.

“It should be emphasized that it is common for poor countries to look cheap compared to rich in a simple price comparison,” The Economist said, noting that in most countries, “the price of a burger is equal to what you would expect, given the country’s GDP per capita ”.

In the group’s adjusted index, the South African currency is still significantly undervalued (7th), but less than when it comes to simple conversion data.

In PPP terms, a Big Mac costs 59.2% less in South Africa ($ 2.28) than in the United States ($ 5.65) at market exchange rates.

Based on the differences in GDP per person, the index suggests that the rand is undervalued by 29.6% and should be around R10.32 to the dollar.

Using this measure, the Hong Kong dollar is the most undervalued currency against the US dollar, by up to 45.7%. That’s lower than the Taiwan dollar and Russian ruble, which are undervalued by 38.9% and 34.3%, respectively.

Adjusted for GDP per capita, Uruguay has the most overvalued currency at + 38.7%.

Undervalued?

A currency is considered undervalued when its value in foreign currency is lower than what it “should” be based on economic conditions.

However, the value of the currency is not determined objectively and may be undervalued due to lack of demand, even if a country’s economy is strong.

Other factors are also taken into account, including investor appetite for risk, as well as a plethora of conditions, local and global, that affect the stability of a particular market.

In the case of South Africa, struggles in the local economy are well documented and have been going on for some time. This fuels a larger and protracted narrative of the decline of the South African economy, which fuels investor sentiment.

Global markets have been tainted by the ongoing Covid-19 pandemic, but in places like South Africa where vaccination strategies have faltered and coffers have been looted, these global problems are exacerbated.

More recently, riots and violence in KwaZulu Natal and parts of Gauteng have contributed to this destructive narrative, with economists and the South African Reserve Bank warning that the effects of unrest will continue to be felt in the economy for a while. time.


Read: Reserve Bank keeps repo on hold, but warns of impact of unrest on growth and investor confidence

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DHHS work far from done when it comes to protecting children https://kenttribune.com/dhhs-work-far-from-done-when-it-comes-to-protecting-children/ https://kenttribune.com/dhhs-work-far-from-done-when-it-comes-to-protecting-children/#respond Wed, 21 Jul 2021 19:32:23 +0000 https://kenttribune.com/dhhs-work-far-from-done-when-it-comes-to-protecting-children/

BDN’s Editorial Board operates independently of the newsroom and does not set policies or contribute reporting or editing articles elsewhere in the newspaper or on bangordailynews.com.

After the deaths of four young children in Maine in the space of a few weeks, there is a lot of anger and frustration towards the Maine Department of Health and Human Services.

Earlier this week, two members of the Maine Child Welfare Ombudsman Board announced that they had left the panel because they felt the ombudsman, who is responsible for overseeing the state’s child welfare system, was not heard by DHHS.

“Over time, the ombudsman’s reports to council have taken on a strange familiarity, and the 2019 and Annual reports 2020 The Maine legislature continued to expose the same systemic security issues that led to these unnecessary child deaths, ”wrote Ally Keppel and Allie McCormack in explanation of their decision to step down from the board.

While we share the concerns and frustrations over the recent child deaths, it is unclear what involvement DHHS had – or should have had – in at least three of the cases.

This underscores the need for a thorough review of these cases, with a focus on what could have been done differently – by many entities, including the DHHS – to prevent them. These reviews are ongoing and if gaps in child protection protection are identified, urgent changes need to be made.

In the Old Town, Hillary Goding was charged with manslaughter in the death of her 3-year-old daughter, Hailey Anne Goding. Hailey had fentanyl in her system and was exposed to drug paraphernalia that Goding used to ingest what she believed to be heroin at her Center Street apartment in Old Town on June 3, according to a police report. recently released.

Last week, the ministry announced that it strengthen its efforts to encourage the safe storage prescription drugs and other substances to keep them away from children.

In Brewer, Ronald Harding was charged with manslaughter last month after his 6 week old baby was shaken to death.

In Temple, a child died of a self-inflicted gunshot wound in mid-June. Lawmakers this session passed a bill criminalizing the failure to secure loaded weapons in the presence of children under the age of 16.

DHHS did not say if it was involved in these families.

In the case that has rightly gained the most attention, Jessica Williams was arrested for murder in June following the death of her 3-year-old son, Maddox Williams, in Stockton Springs. Police have told Maine DHHS at least twice that Maddox Williams was neglected by his father, who allegedly brought the child with him during an apartment burglary, before the child’s death. The agency had placed Maddox with her mother, Jessica Williams, after her father’s arrest in March, according to a police affidavit.

Maddox suffered horrific injuries before he died, according to the affidavit.

The Maine DHHS said last month it would call on Casey Family Programs, a national organization focused on reducing the need for foster care, to review the four cases. Last week, the Legislative Assembly’s Government Oversight Committee called for the state Office of Program Evaluation and Government Accountability, which reviews government programs and activities, are involved in that review, which the department and Casey have agreed to do. The Child Protection Ombudsman will also participate and a report is expected in October.

DHHS has taken many steps in recent years, such as hiring additional child welfare workers and securing federal funding for work to strengthen families, to improve child safety in Maine. This work is far from complete and continuous review and improvement is essential. This work requires going beyond bureaucratic measures to ensure that real and lasting changes in practice and policy are made, where appropriate, to improve the well-being of the most vulnerable children and families in the world. Maine.

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]]> https://kenttribune.com/dhhs-work-far-from-done-when-it-comes-to-protecting-children/feed/ 0 PLTR Stock takes all necessary steps to reward growth https://kenttribune.com/pltr-stock-takes-all-necessary-steps-to-reward-growth/ https://kenttribune.com/pltr-stock-takes-all-necessary-steps-to-reward-growth/#respond Wed, 21 Jul 2021 10:05:02 +0000 https://kenttribune.com/pltr-stock-takes-all-necessary-steps-to-reward-growth/

There was right and then there was Palantir Technologies (NYSE:PLTR). But for tomorrow’s investors, today looks more and more like a great opportunity to buy stocks with more confidence. Let’s look at what’s going on out and on the PLTR stock price chart, and then come up with a risk-adjusted determination aligned with those results.

Source: Ascannio / Shutterstock.com

Big Data operator stocks have been everywhere since their IPO last fall. Some bullish Palantir investors rose as much as 65%. Yet other PLTR stock bears recorded similar gains of 62%. Timing is everything, but this kind of precision is also elusive.

And make no mistake about it, with stocks at a much more modest 7% rate and caught in the middle of a trading range that has spanned most of PLTR’s life as a publicly traded company, the price action has frustrated advocates and critics alike.

So what is driving investors and the volatile behavior of PLTR stocks?

Could conditions favor PLTR stock market bears?

The bears could lead the others to Room A and Palantir’s increasing losses. In May, that was a shortfall under GAAP of over $ 123 million for the first quarter and more than double the loss of nearly $ 55 million in 2020. It can’t go on forever, is isn’t it? And while PLTR is new to the aftermarket, the Denver-based company has been around since 2003.

Even investors excited about Palantir’s overall earnings and positive about PLTR’s long-term growth prospects are carefully watching the real world of the tech company, in red ink.

InvestorPlace’s Alex Sirois does a good job of explaining why the projected 30% eye candy sales growth through 2025 could quickly become too sweet for the well-being of investors if the growing net losses and the cost of PLTR revenue are not reduced.

Some clarity on this front is expected when PLTR releases its second quarter results in the first half of August.

Skeptics, and not to be overlooked, also took advantage of a more challenging environment in 2022 for growth stocks of PLTR’s caliber. Plain and simple, multiple squeeze amid concerns about interest rates and inflation along with fears of slowing economic growth has been a condition favoring the bears.

And since the initial dislocation in February as investors ditched growth narratives in favor of cyclical value-oriented stocks, this has been hit hard. From a diversified A to Z or rather actions like Airbnb (NASDAQ:ABNB) at Zoom video (NASDAQ:ZM), if misery loves society, PLTR stocks have a lot.

PLTR weekly price chart

Palantir Technologies (PLTR) saucer or cup-shaped base in progress
Click to enlargeSource: Charts by TradingView

Make no mistake, future growth stories like PLTR stocks have taken him on the chin. More generally, evidence of this can be found in products such as the Innovator ETFs Trust – Innovator IBD 50 ETF (NYSEARCA:FFTY) and last year’s prodigy growth fund ARK Innovation ETF (NYSEARCA:ARKK).

Leading growth funds have remained largely out of touch with today’s blue chip market history, hitting near all-time highs and up double-digit for the year. Today, however, I’m optimistic that the market’s red-haired stepsister has seen her best days. And for PLTR bulls, it shows up well on the price chart.

Technically, Palantir shares have set up a fourth straight week of lows that challenge the area’s support between the 62% and 76% retracement levels of PLTR.

Compared to the pivot since the start of the year in May and given the generally favorable volume indications since the January high, the observation is that the PLTR stock is preparing to rally to the right side of a large base in cup or saucer shape. To maintain the bullish pattern of the setup, stocks need to bottom out shortly and maintain the support area. It could happen as early as next week on a confirmed reversal candlestick.

If PLTR stocks start to rally, the first logical test that also improves the durability of the base is a test of the 50% retracement line after the June pullback from the 38% resistance level. This offers around $ 9 profit on the minimum upside and possibly a lot more over time.

Compared to technical risk, Palantir offers an attractive buying opportunity. And with profits in August, a purchase could enjoy faster than normal gratification.

Nonetheless, and for investors wishing to intelligently preserve and grow their own results over time, I would suggest a fully hedged collar or bullish spread in September as the best strategies to deploy on a standalone PLTR stock position.

As of the publication date, Chris Tyler and / or accounts under management held long positions in Palantir (PLTR), ARK Innovations ETF (ARKK) and their derivatives. The opinions expressed in this article are those of the author, subject to the publication guidelines of InvestorPlace.com.

Chris Tyler is a former ground-based derivatives market maker on the US and Pacific stock exchanges. The information provided is strictly intended for educational purposes. The use of this content is 100% the responsibility of the individual. For additional market information and related thoughts, follow Chris on Twitter. @Options_CAT and StockTwits.

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Top construction loan lenders in 2021 https://kenttribune.com/top-construction-loan-lenders-in-2021/ https://kenttribune.com/top-construction-loan-lenders-in-2021/#respond Wed, 21 Jul 2021 04:10:53 +0000 https://kenttribune.com/top-construction-loan-lenders-in-2021/

Most people cannot afford to design and build their own home or pay for major upgrades out of pocket, which is why many lenders offer construction loans – shorter term loans used to finance. the construction or rehabilitation of a house. Here is Bankrate’s guide to the best construction loan lenders in 2021.


Methodology

To determine the best construction loan lenders, Bankrate assessed lenders against several criteria, including affordability (annual percentage rate and fees); timeliness (approval and closing times); and experience (including customer service).


The best construction loan lenders

GO Mortgage

Specializing in construction loans, GO Mortgage is a full-service mortgage lender headquartered in Brookfield, Wisconsin, offering some of the lowest down payment requirements for this type of loan. GO Mortgage issues loans under government-backed programs, including Fannie Mae, FHA, VA, and USDA conventional loans, so that minimum credit score and down payments (if any) and maximum down payments loans are determined by program. Notably, the minimum credit score for the GO single-fence construction loan is 640, and you don’t have to pay interest during construction if you use an FHA, VA, or USDA loan.

GO Mortgage also has a dedicated construction team that provides you with regular updates and oversees the construction phase, from draft inspections to state-required surveys. With this process, it usually takes about a year to complete construction and move in.

There is at least one downside to this lender, however, and that is the availability: GO Mortgage only works in 35 states and Washington DC.

LowRates.com

LowRates.com, operated by Sun West Mortgage Company, offers a variety of mortgages, including construction and home improvement loans, in 48 states (except Georgia and Massachusetts) and Puerto Rico. Specifically, the lender offers FHA 203 (k) loans as a refinance or purchase: you can borrow against the equity in your home for home improvements or you can get a one-time mortgage to finance both the home equity. buying a house and the cost of renovating it.

To qualify for a 203 (k) loan, you must prove that the funds will be for construction or renovations, have a credit score of 580 or higher, and provide your lender with a list of proposed improvements.

One notable benefit: The LowRates.com team has a 24-hour loan center that can answer questions related to home improvement and construction loans. However, anyone interested in exploring these options should contact the lender to find out more, as little information is readily available online.

Flagstar Bank

Flagstar Bank is a bank and lender and one of the largest financial institutions in the United States.

One option, a construction loan, can be used to build primary residences up to $ 3 million and second homes up to $ 2.5 million. The bank also offers single-close (open-ended construction) or dual-close (construction only) loans, with the single-close combining construction finance into one loan as the permanent mortgage and the closing with two separate fences. ready.

As with most construction loan lenders, however, you will likely have a higher interest rate with Flagstar for the construction loan itself (in other words, before it turns into permanent loan). According to the bank, during construction, interest is 0.75% higher than the permanent rate.

Construction loan vs renovation loan

A construction loan is a short-term loan to help buy land and build a house or pay for major renovations to an existing house. In general, these types of loans can be more difficult to obtain and often have higher interest rates.

A builder or borrower usually takes out a construction loan to cover the cost of building the house before getting a standard mortgage. The lender pays the builder in installments following each phase of construction. Prior to project completion, borrowers typically only pay interest and repay the loan after construction is complete.

Home improvement loans, on the other hand, allow homeowners to access funds to pay for home renovations. This financing can take various forms, such as a personal loan or a government insured loan, or taking equity in your home. Overall, home improvement loans are not as structured as construction loans, and borrowers have more options for accessing funds.

Construction loan requirements

Construction loan lenders have varying requirements, but they are usually based on the amount you are borrowing. As with other types of mortgages, your lender determines your eligibility for a construction loan by assessing your creditworthiness, income, debt-to-income ratio (DTI), and other factors:

  • Credit score – Most lenders require a credit score of 680 or higher, but some may work with borrowers with lower credit scores.
  • DTI ratio – Lenders generally seek that your debts amount to no more than 45% of your monthly income.
  • Advance payment – A down payment of between 20% and 30% is usually required, although some government loan programs may require less.
  • Construction plan – Lenders usually require a detailed plan before financing the first phase of the project.
  • Repayment plan – In addition to the construction loan itself, you must also be eligible for permanent mortgage financing. The construction loan covers project payments during the construction process and then turns into a permanent mortgage when completed.

Generally speaking, mortgage lenders tend to have more stringent restrictions on construction loans because the asset (the house) does not yet exist.

How to choose the best construction credit lender

Construction loans can be complex, which is why it is best to work with a lender who has experience with this type of mortgage. Procedures and policies differ from lender to lender, so look for one that can fit your schedule and needs.

To find the best mortgage lender and get the cheapest loan, compare several construction loan lenders and their rates and terms, and compare your interactions with them as well. If you are looking for responsiveness, for example, note it in your discussions with the loan officer. Ultimately, the best lender for you depends on your unique goals, preferences, and financial situation.

How to apply for a construction loan

To apply for a construction loan, you will need to provide the lender with your employment history and financial information, including your income, assets, and debts, as well as your contract with the architect or builder and their plans for the project. These plans should specify the estimated total cost of construction so that the loan amount can be credibly established. Once your application is submitted, be prepared to answer any questions your lender may have and provide any additional documentation as needed. This will help speed up the underwriting and approval process and keep things on track.

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