Month: July 2019

Mission Family Near Homelessness After City Budget Shortfall

first_img 0% Tags: 22nd Street fire • Business • housing Share this: FacebookTwitterRedditemail,0% So far, the mayor’s office has not responded to requests for comment. Up until now, Moz, her mother, and her two aunts have lived together in a three-bedroom apartment in the Mission District. The collapse of a family business coupled with an eviction from their home combined to spell disaster for the family.It wasn’t a disaster of their own making. Moz’ aunt, Hilda, operated Nature’s Sunshine, a natural healthcare business at Mission and 22nd streets until January 28, 2015 when a fire destroyed the building, killing one man, displacing dozens of residents and business owners. That loss meant a precipitous drop in the family’s income. Moz, who looks after her mother, earns a meager $500 a month for the in-home care she provides and the three seniors together receive about $1,800 a month in Social Security benefits. Their rent for the Mission three-bedroom is $1,200 a month. But last year, Moz’s landlord filed an eviction. To get any relocation money, the family must be out of the apartment by the end of the month. They will not even have one last Christmas together in their home, said Moz. Instead, they are already moving out, packing their belongings to store with friends. For the immediate future they will be able to stay with a friend, but it is a crowded – and therefore temporary – situation. “We don’t have any place to go,” said Moz. “I’m looking for apartments on the internet, but everything is either already rented or really expensive. It’s very expensive in San Francisco.”Moz hasn’t just been looking on the internet, however. With the help of the Mission Economic Development Agency and the Q Foundation, she has been applying to every below-market-rate housing opportunity she can find. She even secured a certificate of preference that gives them priority over other applicants. But without the business, the family’s income is actually too low to qualify for many “affordable” housing units that would accommodate them. Though they won a placement for unit on Potrero Avenue, they cannot accept it because they don’t have the income.Enter the Q Foundation, which runs a housing subsidy program for senior and disabled San Franciscans. Brian Basinger, the executive director there, hoped the subsidy of $500 a month would allow the family to accept the housing placement they were offered and move in. But with a restructuring of the city budget, Basinger said, those subsidies were not funded and the family is out of luck.“It looks like they have officially lost it. I don’t know if there’s any Hail Mary,” Basinger said. An expansion of the subsidy program was expected from the November ballot Proposition K, which was a proposed sales tax increase. But it failed to pass. As a result, the additional subsidy money for those on the verge of homelessness, some $3.1 million, ended up on the chopping block, according to Basinger. But the subsidies, he said, would have really worked.“This is something that the solution is super super simple, it’s not rocket science,” he said. “You throw money at it. Just throw money into these subsidies, and guess what? People aren’t homeless.”With $500 a month from the city, Basinger said, Moz and her mother and aunts would have been able to live in the apartment they had qualified for. Without it, their options are essentially to couch surf as a family with three elderly women or to cram into an SRO room.MEDA’s Juan Diego Castro, who has been helping the women with the technical aspects of applying for housing, said they will continue to apply for housing placements and try to find solutions in San Francisco.“We’re kind of facing the reality that the only option for them to stay in San Francisco might be a short term hotel,” Castro said. “Outside of San Francisco is obviously not ideal…This is where their faith community is, where their medical support system is, they’ve lived here for 25 years.” center_img A group of women who have lived in San Francisco for 27 years are on the brink of homelessness just before the holidays, even after winning a coveted spot in an affordable housing unit. As it turns out, they earn too little and a city subsidy that might have helped didn’t make it into the budget. The two non-profits working with the women are still hoping to get Mayor Lee to allocate the funding that would keep Lorena Moz and her family – as well as 13 others who have recently come to one of the non-profits for similar aid – off the streets.Moz, the youngest of the women, said her aunt is already beginning to despair after a string of disappointments, but she herself is still holding on to hope. “I have faith in God that something will work out,” she said. last_img read more


July 31, 2019 0

FIVE Saints have been selected in the provisional

first_imgFIVE Saints have been selected in the provisional 30-man Exiles squad that will take on England this summer.Anthony Laffranchi, Francis Meli, Lance Hohaia, Sia Soliola and Tony Puletua have all been named by coach Daniel Anderson.The first game will be at Langtree Park on Saturday June 16 with the second taking place at the Galpharm Stadium on Wednesday July 4.Exiles squad: Anthony Laffranchi, Francis Meli, Lance Hohaia, Tony Puletua, Sia Soliola (all St Helens), Antonio Kaufusi, Michael Robertson (both London Broncos), Brett Delaney (Leeds), Brett Finch, George Carmont, Thomas Leuluai, Jeff Lima, Pat Richards (all Wigan), Brett Hodgson (capt), Trent Waterhouse, Joel Monaghan, Michael Monaghan (all Warrington), Clint Greenshields, Lopini Paea, Louis Anderson, Darryl Millard, Scott Dureau, Setaimata Sa (all Catalan Dragons), David Fa’aologo, Jason Chan, Luke O’Donnell (all Huddersfield), Heath L’Estrange (Bradford), Jake Webster (Hull KR), Joel Moon (Salford), Willie Manu (Hull FC).Tickets for the game at Langtree are now on sale and are now priced from £9 for concession and £18 for adults.England Knights will play Ireland before the main event.They can be purchased through the Ticket Office at Langtree Park, by calling 01744 455 052 or by clicking here.last_img read more


July 31, 2019 0

WITH wounds licked and video reviews undertaken T

first_imgWITH wounds licked and video reviews undertaken, Tuesday was a fresh start with the squad taking the next step in learning the lessons of the match with St George, writes Neil Kilshaw.We were the fortunate guests of Peter Berbakov and the Sydney Swans (AFL) at the SCG and with an early 7am start, we found ourselves undertaking some ball handling, kicking and catching sessions – coaches included!The Swans are a leading name in the sporting world for their culture and ruthless approach to success and our visit enabled the coaches and players to experience some fresh ideas towards handling, kicking and catching.As usual, the coaches’ competitive streaks kicked in with Martyn, Talbot and myself revelling in the kicking practice!After the session, the squad toured the excellent SCG facilities and heard how the Swans have gained success through developing a strong player driven culture, which has developed over the last 11 years.As ever the kids’ questions never let us down!Olly Davies was amongst a crowd of confused faces over the Swans’ altitude chamber.Egged on by his mates, who desperately didn’t want to ask just in case, Olly asked, whilst looking at the scenic ocean view: “Is Sydney at altitude or sea level?”Not content with Mully’s response and description about the high belts of South Africa he continued by enquiring if the Lake District was at altitude…To finish the day the lads had their final training session before Game Two with Central Coast on Wednesday evening.They did well and are determined to show their true ability and put to rest some frustrations from St George.The match will kick off at 6.30pm local time (8.30am British time) at Wyong Leagues Club.To find out more on the Academy Tour, click here.last_img read more


July 31, 2019 0

Pender murdersuicide 911 call I heard two loud pops… theres blood just

first_imgHome where mother shot teen son, then killed herself (Photo: Kirsten Gutierrez) PENDER COUNTY, NC (WWAY) — When a Pender County mother shot her teenage son and then herself, there was someone else home at the time, according to a call made to 911.On Thursday night, Jennifer Craig allegedly shot her 14-year-old son in the head just before midnight on Thursday, then turned the gun on herself. It happened on Lake Road in Willard.- Advertisement – In a call made to 911, a man says he was there visiting his girlfriend and there’s blood coming out from underneath the door.“Bloods coming out from under what door?” the operator asks multiple times before the man responds.“The bedroom that they were sleeping in,” he said.Related Article: NC man allegedly beat puppy to death with shovel“Baby, get up off the floor,” he’s then overhead telling an unidentified person.The operator asks what’s going on.“We just got home, her dad’s disabled and he said there’s a problem. There’s blood under the door. I kicked the door in, she’s laying in front of the door, they were already out here about a gun earlier…I don’t know what happened with the deputies that were out here.”The operators asks where her father is, when the phone is handed off to another man.“Can you give me anymore information?” the operator asks.“I was laying in the living room on the couch and I heard two loud pops … and I called out to who was supposed to be here. They didn’t answer and they… I couldn’t get in the door and as I was looking at the door there’s blood just running out,” the man said.“Do you think someone shot themselves?”“Yes ma’am, I do.”When the operator asks who shot themselves, the man says Jennifer Craig.  He tells the operator they can’t get close enough to her tell how she is or if she’s breathing because she’s lying in front of the door.There’s crying in the background, and when the operator asks who that is, the man tells her it’s her (Jennifer’s ) sister.Jennifer Craig was pronounced dead at the scene.Her son, a Pender High student, was removed from life support on Saturday.Deputies are investigating it as a murder-suicide.We reached out to the Pender County Sheriff’s Office about the earlier call concerning a gun the man referenced to the 911 operator. We are waiting to hear back.According to a GoFundMe page, the teen’s organs were donated to seven organ recipients.last_img read more


July 30, 2019 0

New incentive could open new Surf City bridge by end of 2018

first_imgSurf City bridge construction in snow January 2018 (Photo: Jeff Wenzel) SURF CITY, NC (WWAY) — The new Surf City high rise bridge could be done sooner than expected.Because of a new incentive for contractors, it is possible drivers could be using the bridge by the holidays this year.- Advertisement – According to a spokesman with the North Carolina Department of Transportation, the DOT has increased an incentive for the contractor to complete the project up to 300 days ahead of schedule.From the beginning, the contract for this project has included a $10,000 incentive or disincentive provision regarding the completion and placement of traffic on the new bridge. The completion date for this provision is September 25, 2019. For every day prior to September 25, 2019, the contractor will receive a $10,000 per calendar day incentive, up to a maximum of $1,000,000 or 100 days.The DOT said they just raised the maximum for the incentive from $1,000,000 to $3,000,000 or 300 days.Related Article: Surf City will not resume dune restoration until NovemberThe spokesman said the contractor has demonstrated that it is feasible to complete the bridge and open it to traffic sooner than the original contract limitations, at a financial cost, and the department was in agreement to increase the incentive opportunity for the contractor to do so.last_img read more


July 30, 2019 0

New executive order affects Wilmington small businesses

first_imgWILMINGTON, NC (WWAY) — President Trump was in Charlotte Friday, talking retirement and signing an executive order that will affect small businesses in our area.“The greatest opportunity here is that it would help to level the playing field,” said Jerry Coleman, Director of the Small Business Center at Cape Fear Community College.- Advertisement – Coleman knows how exciting it can be to start a small business. With more than 20 years experience running a business under his belt, he now uses his talents to help others.“I got the best job at the Community College. I get to sit here every day and help people realize their dream of starting their own business,” said Coleman.But Coleman knows it isn’t all easy. He says 85 percent of small businesses in our state have fewer than five employees, and this makes it difficult to provide workers with certain benefits.Related Article: Man banned from Disney World after waving pro-Trump banner on rides“As it relates to retirement planning and those sort of things, generally I would say that small businesses of that size do not offer that type of resource,” said Coleman.Hunter Ford owns two businesses in Wilmington and is starting another.He says employees of his new company will be harder to find than the college students that work at his other businesses.“I have developed a liquor company that will need territory managers, I’ll need to expand, and I’ll need to recruit a higher quality candidate,” said Ford.An executive order signed by President Trump could make that a little easier.The order will allow small businesses to join together and offer association retirement plans.“It’s a great opportunity for an emerging business like mine to be able to afford to attract more reliable candidates and better personnel to expand as a businessman and to expand and grow into different markets because ultimately that’s what we need,” said Ford.The Trump Administration says about one-third of all private-sector workers do not have access to workplace retirement plans.last_img read more


July 30, 2019 0

Port City Super Girls Camp registration ends Friday

first_imgThe Wilmington Police Department is accepting applications for their third annual Port City Super Girls academy.The WPD created Port City Super Girls in 2016 as a community outreach and gang prevention program. Officials said young women are often used by gang leaders to help carry out illegal activities. The Port City Super Girls Academy is a four day created for 100 girls 12 to 18 years of age. This on-site program will challenge female teens to explore new and innovative career paths, receive instruction on financial literacy, and violence prevention and intervention. An interactive curriculum will be offered along with extra-curricular activities to include, sports, health and fitness. Girls 12 to 18 years of age who are residents of New Hanover County, Brunswick & Pender County can apply.Go online to the Wilmington Police Department’s website, print off application, fillit out, and then drop off the completed application to the Wilmington Police Departmentfront desk. Or, come into the Wilmington Police Dept. front desk and request an application and turn it in once completed. Applications are due by Friday, November 30th.last_img read more


July 30, 2019 0

Good Samaritan pulls unresponsive man from surf in Carolina Beach

first_img When emergency responders reportedly arrived to give aid, the man was already dead.The man has been identified, but CBPD says the name will not be released until the next of kin has been notified.The official cause of death will be determined by the North Carolina Office of The Medical Examiners.Related Article: Get Santa to visit your home via firetruckNo foul play is suspected at this time.The investigation is still ongoing. Waves (Photo: WWAY) CAROLINA BEACH, NC (WWAY) — The Carolina Beach Police Department says a good Samaritan pulled an unresponsive man from the surf Thursday night.Police say it happened shortly after 10 p.m. on Charlotte Avenue near the Carolina Beach Boardwalk.- Advertisement – last_img read more


July 30, 2019 0

Opera To Buy Mobile Video Optimization Provider Skyfire Labs For 155 Million

first_imgAdvertisement After revealing Shift to WebKit, Opera Software is buying mobile video optimization and cloud solutions provider Skyfire Labs for about $155 million in cash and stock, the Oslo-based company announced today. The news comes a few days after after Opera revealed that it plans to transition its Web browsers to WebKit to increase competitiveness on Android and iOS. Skyfire will remain open as a wholly-owned subsidiary of Opera and will continue to develop and support the Skyfire browser.The press release by Opera said that the two companies “envision a powerful new set of joint products to be released over the coming year,” with a particular focus on Opera’s WebPass, which gives consumers the option of buying data plans such as an unlimited “day pass” for popular apps and Web sites at prices made affordable by video and data optimization. Opera believes that the product “can enable new business models for operators, such as toll free data, ad-supported data, and more.”“The market opportunity for video/media optimization solutions geared towards operators and consumers is significant. After a thorough evaluation of this market, we strongly believe Skyfire is the clear leader for the future in this space”, said Erik Harrell, CFO/CSO of Opera, in the statement. – Advertisement – Skyfire is known as the maker of Rocket Optimizer software, which allows mobile operators to leverage cloud computing and optimize video and multimedia on cell towers, including 3G and 4G LTE networks. The company says that Rocket Optimizer on average gives mobile networks a 60 percet boost in capacity by reducing the size of video and other multimedia to fit available bandwith, and detecting when specific users have connections that need assistance.“Skyfire adds capabilities to our portfolio around video, app optimization, smartphones and tablets, and strength in North America. With video expected to consume over two-thirds of global mobile bandwidth by 2015, and as time spent on Android and iOS apps explodes, we are excited to extend Opera’s solutions for operators,” said Opera CEO Lars Boilesen in the release.The deal is expected to close on March 15. Afterward, Jeffrey Glueck, CEO of Skyfire, will assume the role of EVP of the Operator Business for Opera, as well as CEO of Skyfire.Source: Tech Crunchlast_img read more


July 30, 2019 0

Raspberry Pi Sales Pass 5 Million

first_imgAdvertisement A round of applause for the U.K.-made Raspberry Pi microcomputer — which has just passed the 5 million sales mark, some three years after it was first launched with the over-modest goal of selling “a few thousand” Pi over its entire lifetime, as creator Eben Upton has said. How wrong can you be, and how good must that feel?Having a tasty price-point — of $35 for the Model B Pi, and just $25 for Model A — has kindled remarkable interest in Pi-powered homebrew computing. Everything from DIY computers to robotics projects are being built with Pi at their core. Whole startup businesses have also found a use for a low cost credit card-sized microcomputer.The original Pi mission was about getting more U.K. schoolkids coding, and it’s making progress there. But Pi’s influence has spread far further — it’s proved especially popular in North America, according to Upton. The Foundation also recently launched a fully fledged sequel: the Pi 2, which is around 6x faster and has double the memory but retains the $35 price-point. – Advertisement – The Pi 2 makes a decent entry level PC that much cheaper. No surprise that Microsoft is keen to make sure Windows reaches the people Pi will be reaching, announcing it intends to offer Windows 10 to Pi devs for free. The launch of the Pi 2 also doubtless helped bump Pi’s overall sales figures past the 5M mark. At the start of this month overall sales were around 4.5M, with gen-one Pi sales clocking sales of around 200,000 per month.Tweeting its new sales milestone today, the Raspberry Pi Foundation suggested the Pi has now surpassed sales of iconic, U.K.-made home computers of the past — such as the Sinclair Spectrum and BBC Micro —  which had themselves been an inspiration for the creation of Pi, having helped a generation of U.K. kids become coders.Source Techcrunchlast_img read more


July 30, 2019 0

Safeboda rolls out iOS version of its mobile application

first_imgPhoto Credit: Guardian UK Advertisement Motorcycle hailing service, Safeboda has today rolled out an iOS version of their popular smartphone application to users in Kampala.The iOS version of the application comes in handy for a market segment that was being left out of the service.As a way to quickly tap into the market segment of iPhone users, Safeboda announced on their social media channels that it is giving away 10,000 UGX free ride credit to the first 500 downloads.Want to know how the SafeBoda app works? Check out this useful little video which explains it. Download the app now; https://t.co/gX8dfyQAGf pic.twitter.com/03T4NFMfs7— SafeBoda (@SafeBoda) June 7, 2017 – Advertisement – Towards the end of August, the company announced the launch of a virtual mobile wallet to allow its users to top-up their rides credit with MTN and Airtel Money.Back in July, the company said over 15,000 people in Kampala were using the app to hail and safely ride on motorbike taxis (boda bodas) across the city.You can download the iOS app via http://apple.co/2h4Q9el[related-posts]last_img read more


July 29, 2019 0

Numida Among 60 Finalists in the 2017 Seedstars Summit

first_imgTeam Numida represented Uganda at the global Seedstar summit in Switzerland.(Photo Credit: Numida Twitter Page) Advertisement Global seed-stage startups competition Seedstars World visited more than 25 cities (Kampala inclusive) across all the regions of Africa for their annual global seedstar summit holding dynamic pitch events at different tech and incubation hubs. In Kampala, was held at Outbox Hub and was supported by Stanbic Bank Uganda where out of the 9 startups that were competing to represent Uganda in the global summit in Switzerland on April 12th, 2018 Numida emerged as the potential startup for their 4th Seedstar competition.Digital loans startup; Numida will be pitching alongside other 60+ global startups at the global final in Switzerland for a chance of securing USD$500,000 equity investment.Apart from the USD$500,000 prize to the winning startup, Seedstars World has partnered with some amazing companies to award the best startups in their respective fields. With more than USD$6 million in prizes. – Advertisement – “We know how hard it is for seed-stage startups in emerging markets to find sufficient funding. Thankfully there are institutions looking to provide mentoring, access and financial support to top entrepreneurial talent in emerging markets,” Seedstars World writes.The institutions they’ve partnered with include; Enel Green Power, BBVA Open Talent, Merck, HEG Fribourg, TRECC, and Tag Heuer.Numida who are in their ‘revenue stage’ were selected in the ‘Enterprise Services’ category.Briefly, Numida are solving the problem of entrepreneurs in sub-Saharan Africa who manage their business with pen and paper even though they have a computer in their pocket – with a solution; of advising these entrepreneurs to use Numida to manage their finances. In addition, they use this cash-flow data to judge their creditworthiness and issue unsecured loans.Winners are to join the likes of South Africa’s Giraffe; an for innovative solution to reduce unemployment in the emerging markets, and Filipino startup; for their innovative solution that turns SMEs invoices into cash through discounting of their receivables, providing them with necessary working capital they are not getting from the banks – that won the awards in 2016 and 2017 respectively.About NumidaThe two year old startup (Numida) issues unsecured loans to credit-constrained Ugandan entrepreneurs, who use the startup’s app to manage their finances and charges a base rate of between five and 15% on terms of between one and three months, with loan amounts going as high as USD$1,500 (roughly 5,407,500 UGX). Users can access credit after only seven days of app use, but the longer and more often they use Numida the higher loan principals and better terms they are offered.last_img read more


July 29, 2019 0

Equity Bank Opens New Supreme Branch in Bugolobi

first_imgEquity Bank ED; Mr. Anthony Kituuka speaking during the launch of the bank’s supreme banking branch in Bugolobi on Thursday 13th, June 2019. Advertisement Equity Bank is undoubtedly one of the most growing steady banks in Uganda. The bank has claimed on many occasion of giving a convenient experience to its customers, and one and the latest claims is its ‘Supreme Banking’.The bank on Thursday last week extended the supreme banking to Bugolobi — offering corporate service to its customer.As seen by PC Tech Magazine, the supreme branch comes with state-of-the-art lounges, boardrooms for customers to hold meetings, teleconferencing, and video conferencing facilities, and free wireless internet — that Equity customers will take advantage of. – Advertisement – Equity Bank Uganda’s Managing Director, Mr. Samuel Kirubi during the launch told press “the supreme branch is offering customized banking solutions with exclusive privileges.”“At Equity Bank we are proud to continue the innovation journey geared towards transforming key branches into relationship management centres to offer our customers personalized customer experience,” said Kirubi.However, we assume that the supreme banking options is more of high-end customers. But Kirubi said all Equity customers are welcome to use the branch.Equity Bank Uganda Managing Director, Mr. Samuel Kirubi speaking during the launch of the bank’s supreme banking branch in Bugolobi on Thursday 13th, June 2019.“The new branch is in line with the bank’s response to new technologies. This is aimed at serving the customers faster and efficiently,” Phillip Otim, Equity Bank Communications and Marketing Manager said.On embracing new technologies and strengthening its digital banking solutions .i.e. Eazzynet, Eazzybiz, and EazzyFX — Equity Bank ED; Anthony Kituuka encouraged its customers to access the platforms for better convenience.The launch of its supreme banking branches comes at time bank celebrates 10 year of existence. And within the time period, the bank has 36 bank branches country wide attending to close to 800,000 customers, as said by Kirubi.Kirubi predicts to reach one million customer base by end of this year.last_img read more


July 29, 2019 0

STARTERS ORDERS Tuesday

first_imgWelcome to Starters Orders. Our new daily midday update from the trading room at Star Sports with our key market movers for the day across all sports.Tuesday 15 October3.10 LeicesterSalmon Sushi 6/1 > 4/14.20 HuntingdonMinella For Steak 5/1 > 7/2last_img


July 29, 2019 0

STAR PREVIEW England v France

first_img[dropcap]P[/dropcap]rior to the tragic and horrific events that unfolded in Paris on Friday, tonight’s friendly between England and France was of little significance.Tonight, the match has even less significance from a football perspective but a much greater, emotional poignancy as the two nations stand together in unity and support. It is a friendly in every sense of the word.The match will be played out amidst the tightest security ever seen for a British sporting event – but the important thing is it will be played out and the French side were united in the belief that they wanted the game to go ahead.The FA is now expecting a near-full house at the 90,000-capacity stadium, with thousands of tickets sold since the attacks.England manager Roy Hodgson said: “I can’t deny there’s something hanging over which is far, far greater than a football match. That will be lingering whether we like it or not. I’ve never been in a football game like this before.”With both teams safely qualified (France by virtue of being hosts) for Euro 2016 and in the middle of domestic campaigns this could easily be played out more like a training game.France have taken their friendlies seriously, winning their last five games which included Friday’s 2-0 victory over Germany on the ill-fated night.HEAD TO HEAD RECORD(Maximum 10 matches)Jun 2012 EURO CHAMPIONSHIPS France 1-1 EnglandNov 2010 INTERNATIONAL England 1-2 FranceMar 2008 INTERNATIONAL France 1-0 EnglandJun 2004 EURO CHAMPIONSHIPS France 2-1 EnglandSep 2000 INTERNATIONAL France 1-1 EnglandFeb 1999 INTERNATIONAL England 0-2 FranceJun 1997 INTERNATIONAL France 0-1 EnglandJun 1992 EURO CHAMPIONSHIPS England 0-0 FranceFeb 1992 INTERNATIONAL England 2-0 FranceFeb 1984 INTERNATIONAL France 2-0 EnglandGiven the unique nature of the game, making a prediction for what will happen on the pitch is very tricky. I can’t see France losing and am betting on France at 4/5 with Star Sports on the DRAW no bet market.RECOMMENDED BETS (scale of 1-50 points)BACK FRANCE (DRAW NO BET) for 10 points at around 4/5 with Star SportsRETURN SINCE START OF WORLD CUP: PROFIT 109.00 POINTSWhat’s your view? CALL STAR SPORTS 08000 521 321last_img read more


July 29, 2019 0

Rice to host Real World Markets conference

first_imgShareCONTACT: Mike WilliamsPHONE: 713-348-6728E-MAIL: mikewilliams@rice.eduRice to host Real World Markets conferenceStatistician James Thompson teaches strategies that defy efficient market hypothesisThere’s no sweet vindication in the nation’s current economic straits for James Thompson, who could be justified in saying, “I told you so.” But there are lessons to be learned, especially for those who intend to invest in a bear market. Thompson, Rice University’s Noah Harding Professor of Statistics, will host the First Eubank Conference: Modeling Real World Markets. Named for Rice trustee emeritus J. Thomas Eubank, the conference will be held March 23-24 in Duncan Hall’s McMurtry Auditorium on the Rice University campus, 6100 Main St. Preregistration is required for the free conference, which is open to all and will address investment strategies that do not depend on the efficient market hypothesis, or EMH. Thompson has been a chief critic of EMH for decades, and he blames money managers’ religious adherence to the theory – which he said is taught as gospel at business schools – for many of the nation’s troubles. EMH is the concept that stock markets assimilate new information quickly enough that the current trading price of a security tends to be an accurate reflection of its real value. Such a self-correcting mechanism should make it difficult for investors to beat the market, but Thompson and other nonbelievers said EMH ignores the kind of deep research, including computational, that can help investors make real gains. It also allows the kind of folly that, as Thompson wrote several years ago, “frequently required government interventions of great complexity.” “This business we’re in right now was eminently avoidable,” said Thompson, who doesn’t hesitate to let his curmudgeonly side out when talking about the economy. His work in statistics over nearly 40 years at Rice has addressed subjects ranging from corporate process control to cancer and AIDS research. Thompson said the financial pressures of running two wars has made the current crisis particularly acute. “I really think that’s what got us. In the fullness of time, the price of housing – which is cyclical – would have gone back up. The values would have largely been recaptured,” he said. “But the $3 trillion cost of the war is an enormous hit. It’s like a surcharge on the federal government of 15 percent a year.” Thompson and several colleagues loosed a particularly vitriolic attack in 2006 with the publication of a paper titled “Nobels for Nonsense” in the Journal of Keynesian Economics, which laid blame for the derivatives collapse on the Black-Scholes-Merton option-pricing model – “the granddaddy of all the derivative formulas” – that won a Nobel Prize for its authors in 1997.  “Alan Greenspan (former chairman of the U.S. Federal Reserve) was very angry when Warren Buffett called derivatives ‘economic weapons of mass destruction.’ Greenspan thought that options were terrific. I think that’s been proved to be wrong,” said Thompson. Greenspan was mistaken, he said, in organizing the $3.5 billion bailout of the failed Long-Term Capital Management in 1998, a hedge fund that had both Robert Merton, a Harvard professor, and Myron Scholes of Stanford listed as advisers. The similar collapse of Enron a few years later “was too large for even Chairman Greenspan to make disappear,” Thompson and his colleagues wrote in “Nobels for Nonsense.” The flaws of Black-Scholes-Merton, they wrote in another article, “gave encouragement to accounting firms to do bizarre things,” and government pressure on lending institutions to increase home ownership by selling subprime mortgages “to persons who had no reasonable hope of sustaining them” exacerbated the problem. None of the efficiency theories stands up to analysis of the long-term historical data, said Thompson, who teaches that very kind of analysis to Rice students who plan careers in physics, engineering, chemistry and other professions.  Details on the First Eubank Conference: Modeling Real World Markets are available at http://statistics.rice.edu/ShowInterior.aspx?id=966. To preregister, go to https://cohesion.rice.edu/Services/EventReg/?event=MRWM. AddThislast_img read more


July 28, 2019 0

Wii key to helping kids balance

first_imgAddThis ShareCONTACT: Mike WilliamsPHONE: 713-348-6728EMAIL: mikewilliams@rice.edu Wii key to helping kids balanceRice University students develop diagnostic game to aid Shriners patientsBy cleverly linking five Wii Balance Boards, a team of Rice University undergraduates has combined the appeal of a video game with the utility of a computerized motion-tracking system that can enhance the progress of patients at Shriners Hospital for Children-Houston.The Rice engineering students created the new device using components of the popular Nintendo game system to create a balance training system. What the kids may see as a fun video game is really a sophisticated way to help them advance their skills. The Wii Balance Boards lined up between handrails will encourage patients age 6 to 18 to practice their balance skills in an electronic gaming environment. The active handrails, which provide feedback on how heavily patients depend on their arms, are a unique feature.Many of the children targeted for this project have cerebral palsy, spina bifida or amputations. Using the relatively inexpensive game console components improves the potential of this system to become a cost-effective addition to physical therapy departments in the future.Steven Irby, an engineer at Shriners’ Motion Analysis Laboratory, pitched the idea to Rice’s engineering mentors after the success of last year’s Trek Tracker project, a computer-controlled camera system for gait analysis that was developed by engineering students at Rice’s Oshman Engineering Design Kitchen (OEDK). The engineering seniors who chose to tackle this year’s new project — Michelle Pyle, Drew Berger and Matt Jones, aka Team Equiliberators — hope to have the system up and running at Shriners Hospital before they graduate next month.“He (Irby) wants to get kids to practice certain tasks in their games, such as standing still, then taking a couple of steps and being able to balance, which is pretty difficult for some of them,” Pyle said. “The last task is being able to take a couple of steps and then turn around.”“This isn’t a measurement device as much as it is a game,” Irby said. “But putting the two systems together is what makes it unique. The Wii system is not well suited to kids with significant balance problems; they can’t play it. So we’re making something that is more adaptable to them.” The game requires patients to shoot approaching monsters by hitting particular spots with their feet as they step along the Wii array, computer science student Jesus Cortez, one of the game’s creators, explained. The game gets harder as the patients improve, he said, and the chance to rack up points gives them an incentive.A further step, not yet implemented, would be to program feedback from the handrails into the game. Leaning on the rails would subtract points from the users’ scores, encouraging them to improve their postures. The game would also present challenges specific to younger and older children to keep them engaged.The programming team also includes undergraduate Irina Patrikeeva and graduate student Nick Zhu. Studio arts undergraduate Jennifer Humphreys created the artwork.The system’s components include a PC, the Wii boards (aligned in a frame) and two balance beam-like handrails that read how much force patients are putting on their hands. Communications to the PC are handled via the Wii’s native Bluetooth protocol. The students said their prototype cost far less than the $2,000 they’d budgeted. Rice supplied the computer equipment and LabVIEW software they needed to create the diagnostic software that interfaces with Shriners’ existing systems, and they purchased the Wii Balance Boards on eBay.“Small force plates that people commonly use for such measurements cost at least a couple of grand, but Wii boards — and people have done research on this — give you a pretty good readout of your center of balance for what they cost,” Pyle said.Jones, who is building the final unit for delivery to Shriners, said he wants patients to see the Wii boards. “We’re putting clear acrylic over the boards so there aren’t any gaps that could trip up the younger ones,” he said. “We wanted to use a device that’s familiar to them, but they might not be convinced it’s a Wii board unless they can see it.”Video of the team and their device is available at http://www.youtube.com/watch?v=TcDUL_O4-GU Download high-resolution photos at http://www.media.rice.edu/images/media/NEWSRELS/0407_WII1.jpg http://www.media.rice.edu/images/media/NEWSRELS/0407_WII2.jpg last_img read more


July 28, 2019 0

Mandela Washington Fellowship Returns To Clark Atlanta

first_img regions: Atlanta Last Updated Jun 14, 2017 by Alanna ShafferFacebookTwitterLinkedinemail About the AuthorAlanna ShafferStaff Writer, covering MetroMBA’s news beat for Atlanta, Houston, and Dallas.View more posts by Alanna Shaffer The Clark Atlanta University School of Business will partner with the U.S. Department of State for the fourth consecutive year for the Mandela Washington Fellowship for Young African Leaders, welcoming 25 leaders between the ages of 25 to 35 from countries throughout Africa.The Mandela Washington Fellowship program, which the school will host for its fourth year, is the flagship program of the Young African Leaders Initiative (YALI). The program, which is aimed at empowering young African leaders through a system of mentoring, training, coursework and networking, has already witnessed a number of positive changes inspired by fellows throughout their communities and countries. The fellowship concludes with a Summit in Washington D.C., with the opportunity for some individuals to have six additional weeks of training with both private and government-run organizations. The 25 students that will join Clark Atlanta for the program—who represent 19 different countries in Africa—are part of a larger group of 1,000 fellows hosted at higher education institutions throughout the world. Host schools throughout the country will focus on different aspects of leadership, from business and entrepreneurship to civil leadership and public management. Clark Atlanta will be the only HBCU of 15 focused specifically on business and entrepreneurship.“We are tremendously excited about the arrival of this year’s class,” said CAU President Ronald A. Johnson. “The relationships developed over the past three years advance the University’s ability to tap into a global, entrepreneurial mindset and constitutes an expanding brain trust of emerging global leaders.”Now in its fourth year, the program has had an immense impact. In 2016, U.S. Assistant Secretary of State for African Affairs Linda Thomas-Greenfield remarked on the work of a 2014 CAU Fellow, Temitayo Etomi. “[U]pon returning home from the fellowship [Etomi] has employed and trained more than 100 Nigerians with the aim of creating 1.2 million jobs for Nigerian Youth by 2020,” she said.The Mandela Washington Fellowship program at Clark Atlanta was established by Professor Mesfin Bezuneh, Ph.D. Thanks to Dr. Bezuneh and his work with the U.S. Department of State’s Bureau of Education Affairs, fellows will have the chance to study corporate and social responsibility, green entrepreneurship, human design thinking and more.center_img Mandela Washington Fellowship Returns To Clark Atlanta RelatedCAU Hosts Young African Business Leaders for Entrepreneurship TrainingTwenty-five leaders aged 25-35 will be hosted by the Clark Atlanta University – School of Business as part of the Mandela Washington Fellowship for Young African Leaders Initiative (YALI), for the third consecutive year. The YALI, which was established by President Barack Obama through the U.S. Department of State, began…June 29, 2016In “Featured Region”Howard University Hosting Mandela Washington Fellowship StudentsFor the fourth consecutive year, the Howard University School of Business has partnered the Mandela Washington Fellowship for Young African Leaders, hosting 25 up-and-coming African leaders for a six-week intensive beginning this week. The Mandela Washington Fellowship is a program that began through the Young African Leaders Initiative (YALI), a project…September 15, 2017In “Featured Region”25 Mandela Washington Fellows Arrive at USDEach year, 1,000 emerging African business men and women come to the United States to participate in the Mandela Washington Fellowship for Young African Leaders. They visit for a month as part of the flagship Young African Leadership Initiative (YALI). The Bureau of Education and Cultural Affairs of the United…July 24, 2017In “Featured Region”last_img read more


July 28, 2019 0

Admissions Tip Clearing Up the Background Check

first_img About the AuthorMetro MBAView more posts by Metro MBA Last Updated Jan 9, 2018 by Metro MBAFacebookTwitterLinkedinemail RelatedAdmissions Tip: Background ChecksWith a slew of schools releasing their R1 notifications just before the holidays, we know that many of our readers will be asking about the background checks conducted by leading programs. Here are some quick facts to help explain the process.January 9, 2017In “Admissions Tips”Chicago MBA Programs that Do Not Require Work ExperienceIt’s a well-known fact that earning an MBA degree can give a job candidate a boost in today’s competitive job market; therefore, it should come as no surprise that many business students pursue their degree before entering the job market. Unfortunately, many MBA programs require extensive work experience before applying, making…August 19, 2016In “Featured Home”What You Don’t Know About MBA Admissions Data FormsAs we approach the new year and many of our readers begin to work in earnest on their round two applications for the January deadlines, we would like to turn our attention to an oft overlooked element of the MBA application process: the application data forms. These forms—typically referred to as ‘data…January 2, 2018In “Advice” Admissions Tip: Clearing Up the Background Checkcenter_img regions: Atlanta / Baltimore / Boston / Chicago / Dallas / Denver / Houston / London / Los Angeles / Miami / New York City / Online / Philadelphia / Research Triangle / San Diego / San Francisco / Seattle / Toronto / Washington, DC With a slew of schools releasing their R1 notifications, we know that many of our readers will be asking about the background checks conducted by leading programs. Here are some quick facts to help explain the process:1. What are background checks?Background checks involve the verification of information that a candidate has provided in his or her MBA applications. Although the process varies from school to school, it usually includes checking that an applicant attended the undergraduate (or graduate) school(s) that he or she claims to have attended, received the grades indicated and earned the GMAT score reported. It also involves the verification of the candidate’s employment history, job titles, starting and ending dates and salary/bonus information. Finally, some background checks involve contacting recommenders to verify their support and confirming applicant involvement in community activities.2. Do all schools conduct background checks?When do they do this? How do they have time? Many of the leading MBA programs like to verify the information that has been provided by applicants. This is typically done only for those applicants who are admitted, since there is no sense in expending resources to verify information for applicants who do not make the cut. Most background checks occur in the spring – after decisions for most rounds have been released and students begin sending in their deposits. In many cases, the schools outsource this function to a professional risk consulting firm like Kroll. 3. Why bother with background checks? Don’t the schools trust me?The purpose of background checks is to protect all stakeholders of the MBA program (students, faculty, staff, alumni) from those who would falsify their backgrounds to gain an unfair advantage in the admissions process. Some schools opt to investigate the backgrounds of a relatively small sample of randomly selected admits, hoping that the mere possibility of a check will give applicants incentive to be as honest as possible. In a way, this measure therefore serves to increase the adcom’s trust in its applicants.4. What about very minor discrepancies?It’s natural for admitted applicants to get anxious at this point in the process, wondering whether their offer of admission might be rescinded if, for instance, the “start date” for an old job is one week earlier than the start date that HR reports during the background check. The good news is that most schools report any discrepancies back to the applicant and give them a chance to explain a plausible mistake. Having said that, it of course makes sense to do your best to verify all of your information before applying to school, so that you can be certain that the data you report is accurate. Should any potential issues come to mind after submitting, you might consider preemptively contacting the adcom if the error is serious enough.5. Won’t the background checking process alert my employer to the fact that I am applying to b-school?Since the process typically takes place long after you’ve been admitted, this ideally won’t be an issue, as most applicants give their employers ample notice and take some time off before school. Having said that, the schools still try to conduct the checks in a discrete fashion, consulting with your HR department to verify your dates of employment and salary – but not necessarily revealing that you are heading to business school.6. How can I ensure a smooth background check?While the obvious answer is to be honest in your applications, it’s also important that you don’t fudge anything out of laziness (a common occurrence). Dig up those old W-2 forms or check with former employers in order to present the committee with the most accurate information you can.Stay up to date with all of our latest MBA admissions tips here.This article has been edited and republished with permissions from our sister site, Clear Admit.last_img read more


July 28, 2019 0

Cornell Student Receives Death Threats after Commenting on Schools Liberal Bias

first_img Share this article US News  QualityAuto 720p480p360p240pRewind 10 SecondsNext UpLive00:0000:0000:00ChromecastClosed CaptionsSettingsFullscreen  click to watch video Follow Zachary on Twitter: @zackstieber (Screenshot/Fox and Friends via Youtube) Cornell Student Receives Death Threats after Commenting on School’s Liberal Bias By Zachary Stieber January 12, 2018 Updated: January 13, 2018 A Cornell University student says that just days after commenting on her university’s liberal bias, she was sent death threats and also suffered other verbal abuse.Neetu Chandak appeared on “Fox and Friends” in 2016 to share her objection over a course description that seemed overly critical of then-candidate Donald Trump, while glorifying former President Barack Obama.The course, “America Confronts the World,” says that Tump gives people “xenophobic nationalism” while Obama gave America “pragmatic cosmopolitanism.”“Based on the syllabus it doesn’t seem like a fair conversation,” Chandek told Fox.“If I were to walk into the classroom I don’t think I would feel comfortable expressing my views. I am somebody who likes to take a fair stance. I think it’s important that we are critical of the president but we also recognize the good that he’s done. I don’t think that would be encouraged in this class.”Chandak said in an essay published in The College Fix that she was bullied and even received death threats after her appearance. She said some peers called her “hateful,” while others—including strangers—said she was bigoted. One threat received over Facebook messenger came from a person who threatened violence.“I stayed in my room for days because I wanted to avoid campus. Even though there were a lot of messages of support from home, I grappled with the fear of not being accepted or respected simply because of my views, of being mocked and taunted, and possibly even attacked,” Chandek wrote.She even considered unenrolling and finishing her credits online, but instead sought help from a therapist. She said she’s in a better place now, but noted that fellow conservatives are often attacked on campuses across the country.“Many people holding views similar to mine will likely not express their beliefs in the classroom or on campus out of fear of facing the isolation and threats I faced. This becomes a disadvantage for college students as the entire point is to learn about various ideas,” Chandek wrote.“Threats to safety should be reported. But when it comes to hateful speech, a better approach is having more respectful conversations. We don’t have to agree, but a civilized conversation helps us understand the various views that exist and build the tolerance needed for the real world.”center_img Recommended Video: President Donald Trump: Year 1  LINKEDINPINTERESTREDDITTUMBLRSTUMBLEUPON   Share Show Discussionlast_img read more


July 28, 2019 0