Even for students in two of Hudson County’s most demanding performing arts departments, it’s too dramatic.

Hudson County Schools of Technology leaders see the decision to consolidate its Music and Audio Tech (MAT) program at County Prep in Jersey City and its Dance and Performing Arts program at High Tech in Secaucus as a way to put each group of students in construction with the best resources for them.

“What we’re doing is consolidation,” said HCST Superintendent Amy Lin-Rodriguez. “With the construction of a new (music) wing (on the County Prep campus), we have better equipment. We don’t need to try to get extra funds to get this equipment on campus (High Tech) up to what it needs to be.

A group of students, their parents and dozens of dance professionals say the district uproots students from their “home”, destroys academic camaraderie among students in these programs and eliminates the individuality of each program.

“We want to continue to express the movement in our own space, the space that makes us feel at home,” County Prep student Kassandra Esparra said in a Change.org petition she started that now has over 1,700 signatures. “When it comes to musical theatre, as well as dance, we are a team and we don’t do it alone. If you separate majors to organize each school into a specific category, you remove teamwork during production.

The consolidation plan that would take effect at the start of the 2022-23 school year involves transferring the 37 MAT students currently in High Tech to County Prep and 51 County Prep students (25 in dance and 26 in drama) to High Tech High School in Secaucus.

Lin-Rodriguez is frustrated with the misinformation spread by the regarding the consolidation – mainly that music and audio technology is being eliminated in one school and performance programs are being eliminated in the other.

Instead, she said, students and parents should view both schools as part of the same school system and each will be stronger in a single building.

“I’m surprised by the wave that – I can’t even say the word ‘surprised’ – I’m actually disappointed that a lot of our community doesn’t see this as an improvement, but as something being taken away” , Lin-Rodriguez said.

The superintendent said a plan was in place to speak with teachers and then students and parent groups, but some teachers decided “to push students to turn this into something more negative”.

“The emotions of some of the people involved in those initial discussions took a whole different turn on social media,” Lin-Rodriguez said, noting that some commenters impersonated her and High Tech executive Kathy Young, then these false comments have been shared. .

Dana Rosen, senior of the MAT program at High Tech, says it’s not an emotional rant from the students.

“Our program is fully linked to our other performing arts programs. We manage all sound and light for each production, from theater to dance to musical theatre. …Taking Audio Tech out of High Tech will destroy all performing arts majors, both those brought into High Tech and those already there. Our principal and administration do not listen to true and valid concerns because they are not only based on emotion, but are factual, logical and important.

A group of 83 dance professionals in favor of separating each school’s programs said in an open letter to the administration that “the County Prep dance program is special, and its success is due in large part to its location. in Jersey City. … The rich network of students, alumni, professional artists and local connections in Jersey City has been built over the 20 years of the program … cannot simply be transferred to Secaucus.

In his consolidation announcement on the district’s website, Lin-Rodriguez pointed out that the County Prep music technology wing includes a broadcast station, recording booths, an instrumental music classroom and meeting rooms. controls equipped with industry standard technology used by leading artists and sound engineers.

High-tech facilities include a professional black box theater, performance auditorium, musical theater classroom, rehearsal rooms, and a 2,500 square foot dance studio equipped with a spring-loaded floor; all including state-of-the-art technology.

Current freshmen, sophomores, and juniors in affected programs may transfer to the new designated campus and continue with their current program, or remain at their current school and switch programs of study. The district offers a two-campus time-sharing model for current juniors to continue their degree program at the new campus and complete the remainder of their coursework where they currently study.

The euro is widely sold, as well as the pound sterling, after Russia announced a partial military mobilization. Reactions on European stock markets are, however, mixed. For now, the Swiss Franc is the strongest for today, followed by the Dollar, Canadian and Yen. Aussie and Kiwi are mixed. Focuses will now turn to the FOMC rate decision first, followed by BoJ, SNB and BoE tomorrow.

Technically, the EURUSD looks vulnerable to further sell-offs. The firm break of 0.9863 will resume a larger downtrend towards a 100% projection from 1.0368 to 0.9863, 1.0197 to 0.9296 next. Such a development, if it occurs, could also help lift EUR/CHF to the temporary low of 0.9530.

In Europe, at the time of writing, the FTSE is up 0.58%. The DAX is up 0.14%. The CAC is up 0.29%. Germany’s 10-year yield is down -0.039 at 1.899. Earlier in Asia, the Nikkei fell -1.36%. Hong Kong’s HSI index fell -1.79%. China Shanghai SSE fell -0.17%. The Singapore Strait fell -0.16%. Japan’s 10-year JGB yield rose from 0.0015 to 0.261.

EUR/CHF Holds Above 0.9530 Temporary Low After Selloff

The Euro is falling significantly today, especially against the Swiss Franc. The sale came after Russian President Vladimir Putin announced a partial military mobilization for the invasion of Ukraine. It is the first mobilization of its kind since the Second World War, and it would call up 300,000 reservists. Putin also warned that Russia has “various means of destruction”. “If the territorial integrity of our country is threatened, we will certainly use all the means at our disposal to protect it”, he said, adding that “this is not a bluff!”.

For now, EUR/CHF is still holding above the temporary low of 0.9530, and the resumption of the downtrend is yet to be confirmed. On the break of 0.9530, EUR/CHF should aim for a 61.8% projection from 1.0512 to 0.9550 from 0.9864 to 0.9269.

Fed to hike 75 basis points as 10-year yield resumes uptrend

The FOMC rate decision is the main focus of the day and another giant rate hike is expected. Based on current market prices, there is an 82% chance of a 75 basis point hike at 3.00-3.25% and only an 18% chance of a 100 basis point hike at 3.25-3.50%. Thus, the Fed has little chance of upsetting the markets.

The general rhetoric should remain unchanged, namely that the tightening should continue while the Fed is committed to bringing inflation back to its target. The biggest questions are about the new economic projections and the dot chart. Some hawkish surprise could be seen there, indicating a higher terminal rate for the current cycle and a longer period to stay there.

Here are some previews:

RBA Bullock: interest rate not yet restrictive

RBA Deputy Governor Michele Bullock said the 2.35% interest rate was not yet restrictive. But the powerhouse was already looking for opportunities to slow the pace of tightening at some point. The monthly inflation data to be released next week would have a lot of statistical noise and probably wouldn’t have much impact on the deliberations at the October meeting.

Regarding the asset purchased under the pandemic bond purchase programme, Bullock said the RBA suffered a mark-to-market loss of A$33.9 billion in 2021/22. This would leave the central bank in a negative net equity position of AUD 12.4 billion. But she added that since it has the ability to create money, the Bank can continue to meet its obligations as they come due and therefore is not insolvent… The equity position negative will therefore not affect the ability of the Reserve Bank to do its job.

AfDB cuts growth forecast for developing Asia to 4.3% and China to 3.3%

The Asian Development Bank has cut its growth forecast for developing Asia from 5.2% (April forecast) to 4.3% in 2022, and from 5.3% to 4.9% in 2023. She said: “The revised outlook is shaped by the slowing global economy, the fallout from Russia’s protracted invasion of Ukraine, more aggressive monetary tightening in advanced economies, and lockdowns resulting from the zero COVID policy of the People’s Republic of China.

As for China, growth forecasts have been revised down sharply from 5.0% to 3.3% in 2022, and from 4.8% to 4.5% in 2023. India were also revised downwards from 7.5% to 7.0% in 2022, and from 8.0% to 7.2% in 2023.

On the other hand, inflation forecasts have been raised from 3.7% to 4.5% in 2022, and from 3.1% to 4.0% in 2023, “due to the rise in energy prices and foodstuffs”.

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.13; (P) 143.53; (R1) 144.11; After…

The intraday bias on USD/JPY remains neutral as sideways consolidations continue. A deeper pullback cannot be ruled out but the decline should be contained by 139.37 resistance turned support. On the upside, the breakout of 144.98 will resume a larger uptrend towards the long-term resistance at 147.68. The breakout there will target 161.8% projection from 126.35 to 139.37 from 130.38 to 151.44 next.

Overall the uptrend from 101.18 is still ongoing, part of the overall uptrend from 75.56 (2011 low). Further upside should be seen at 147.68 (1998 high). For now, the break of the 130.38 support is needed to be the first indication of a medium-term overshoot. Otherwise, the outlook will remain bullish even in the event of a deep pullback.

Economic Indicators Update

On a recent webcast, investors asked several general questions about energy infrastructure mergers and acquisitions. With this topic clearly hot for investors, today’s note provides an update on M&A activity in the midstream/MLP space, including consolidation of MLPs by parent companies, MLP acquisitions and recent transactions with private equity players.

MLP parent/sponsor consolidation resumes

Consolidation of MLPs by their parents or significant owners is a multi-year trend that peaked in 2018-2019 but continued in subsequent years. While the motivations for these transactions have varied, most transactions in the past have focused on simplifying the structure (learn more). Parent buyouts today may in some cases reflect the evolving business model and changes in capital markets that have prevented parents from using MLPs for their original purpose of generating cash for the parent company by selling its assets to the MLP. These “drop-down MLPs” have typically had parents that were a refiner, producer, or large integrated company, which tend to trade at a lower EBITDA multiple than mid-tier MLPs. In other words, midstream assets are given a higher valuation in an MLP than in big business, which was also part of the rationale for creating the MLP in the first place.

There have been several recent examples of parents offering to buy their MLPs, including some deals that are expected to close imminently. Earlier this month, Shell Midstream Partners (SHLX) announced that it had received an offer from Shell Pipeline Company LP to purchase the remaining SHLX units that it does not already own. The proposed takeover follows similar announcements from Phillips 66 (PSX)/Phillips 66 Partners (PSXP) and BP (BP)/BP Midstream Partners (BPMP). The acquisitions of PSXP and BPMP should be finalized this quarter. MLP Sprague Resources (SRLP) received an offer last month from Hartree Partners, which owns 74.5% of SRLP’s limited partnership interest, to acquire the remaining shares of MLP. In October 2021, Ergon announced a non-binding proposal to purchase the outstanding common and preferred shares of Blueknight Energy Partners (BKEP) that it does not already own. For context, Ergon made a similar proposal in August 2019 which was withdrawn the following month.

MLP consolidation is not limited to dealings with parents

Outside of interfamily consolidation, there have been a few examples of mergers and acquisitions within the MLP space that have combined complementary asset footprints, creating cost and operational synergies. On February 1, Crestwood Equity Partners (CEQP) announced the closing of its acquisition of Oasis Midstream Partners, which expands CEQP’s presence in the Permian Delaware Basin and Williston Basin in Montana and North Dakota. Energy Transfer (ET) strengthened its positioning in Oklahoma and the Ark-La-Tex region with the acquisition of Enable Midstream Partners in December 2021.

Industry peer-to-peer M&A activity has generally been more subdued compared to MLP sponsor consolidations. With significant free cash flow generation in the midstream and increased M&A activity by oil and gas producers in recent years, investors have wondered why there aren’t more deals. of consolidation in the intermediate space. For energy assets in general, volatility in commodity prices can complicate valuations and make it harder for buyers and sellers to agree on a price. For the midstream sector, M&A activity can be complicated by significant parent or insider involvement. Both Enable Midstream and Oasis Midstream had parents with significant stakes, although OGE Energy (OGE) and CenterPoint Energy (CNP) had been considering strategic alternatives for Enable for some time. Transactions could also be complicated by regulatory scrutiny and heightened scrutiny of potentially anti-competitive agreements.

Private equity deals create growth opportunities

M&A activity with private equity has provided inorganic growth opportunities for some midstream companies as private players seek to monetize their investments. Altus Midstream (ALTM) is joining with privately-held parent EagleClaw Midstream in an all-stock transaction and, upon closing, the company will change its name to Kinetik (new ticker symbol KNTK). The shares issued to Blackstone and I Squared Capital will be subject to a 12-month lock-up agreement. Enterprise Products Partners (EPD) acquired Navitas Midstream, which was backed by Warburg Pincus, in a $3.25 billion all-cash transaction that closed last week. The acquisition gives EPD a foothold in the Permian Midland Basin, where Navitas had natural gas gathering and processing assets. Last month, Targa Resources (TRGP) acquired Stonepeak’s stake in a joint venture formed in 2018, with the transaction expected to contribute to EBITDA growth in 2022. In October 2021, Enbridge (ENB) acquired Moda Midstream, to namely the Ingleside export terminal and related infrastructure, for $3 billion. Given the significant involvement of private equity in the midstream industry in previous years, past investment outflows could create growth opportunities for midstream companies.

What does this mean for investors?

MLP consolidations by parent companies, privatization deals and other M&A activity have had a significant impact on the North American energy infrastructure universe in recent years, as shown in the chart below. Since the end of 2015, the number of companies in the universe has almost halved, but the total market capitalization at the end of 2021 was relatively in line with the 2015 level. MLPs still represent the largest share of the universe in terms of market capitalization, but US and Canadian companies now hold a much larger share. For space-investing investors who want broad exposure to the universe, a fund or exchange-traded product with MLPs and companies is likely to be more attractive than an MLP-focused product. However, investors who are primarily looking for a tax-efficient return will likely be more interested in an MLP-focused product (learn more).

Disclosure: © Alerian 2021. All rights reserved. This material is reproduced with the prior consent of Alerian. It is provided for general information only and should not be considered investment advice. Alerian employees are prohibited from holding individual MLPs. For more information about Alerian and to view our full disclaimer, visit Disclaimer | Alien

Original post

Editor’s note: The summary bullet points for this article were chosen by the Seeking Alpha editors.

NEW JERSEY, USA, Aug. 19, 2022 /EINPresswire.com/ — Description

A new research study “”Analysis of Crystal Oscillators Market 2022 by Market Trends (Drivers, Restraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook”” has been added to Coherent Market insight

The Global Crystal Oscillators Market report provides a holistic assessment of the market for the forecast period (2022-2030). The study includes a number of divisions along with an analysis of trends and other elements that significantly influence the market. These variables, or market dynamics, include motivators, inhibitors, opportunities, and challenges through which the impact of these variables on the market is depicted. Opportunities and challenges are external aspects of the market while drivers and restraints are internal forces of the market. The Global Crystal Oscillators Market study offers a forecast on how the market will develop in terms of revenue over the forecast period.

According to our latest study (Coherent market insights), due to COVID-19 pandemic, Crystal Oscillators Market was valued at 2,082.5 Million US$ in 2021 and is projected to reach a value of 2,898.33 Million US$ US dollars by 2030 with a CAGR of 4.0. % between 2022 and 2030.

Request Sample Report @ https://www.coherentmarketinsights.com/insight/request-sample/5158

The Crystal Oscillator Market report provides an in-depth analysis of global market size, regional and country level market size, segmentation market growth, market share, competitive landscape, market analysis of sales, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunity analysis, strategic market growth analysis, product launches, regional market expansion and technological innovations.

Revenues and market shares of key competitors are first collected as part of the research methodology used to assess and forecast this market. Press releases, annual reports, non-profit organizations, trade groups, government agencies, and customs data are just some of the secondary sources used to find and collect data for this in-depth market research. Based on calculations, the total market size was determined. The market has been divided into a number of segments and sub-segments after the overall market size has been determined. These segments and sub-segments were then confirmed through primary research by conducting in-depth interviews with industry professionals such as CEOs, VPs, directors, and executives.

Major key players in this market:

◘ Murata Manufacturing Co.Ltd
◘ Vectron International Inc.
◘ Siward Crystal Technology Co. Ltd
◘ Kyocera Company
◘ Nihon Dempa Kogyo (NDK) Co. Ltd
◘ Seiko Epson Corp.
◘ Daishinku Corp.
◘ Hosonic Electronic Co.Ltd
◘ TXC Corporation
◘ Rakon SA
◘ SiTime Corporation

Drivers and Restrictions

Market drivers for Crystal Oscillator are noted for their ability to illustrate how their actions may affect overall market growth over the projection period. In order to identify potential future industry trends, the significance of driving forces and potential barriers that market players may encounter in the Crystal Oscillator Market are carefully assessed. Crystal Oscillator market restrictions may draw attention to items that may impede the development of the regular market. It is predicted that measuring the negatives of the Crystal Oscillator market will allow entrepreneurs to broaden solutions to problems, aggravating their control over the pessimistic outlook.

Get PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/5158

Detailed segmentation:

Global Crystal Oscillators Market, By Type:
◘ Temperature Compensated Crystal Oscillator (TCXO)
◘ Single Crystal Oscillator (SPXO)
◘ Voltage Controlled Crystal Oscillator (VCXO)
◘ Frequency Controlled Crystal Oscillator (FCXO)
◘ Oven Controlled Crystal Oscillator (OCXO)
◘ Other Types

Global crystal oscillator market, by type of assembly:
◘ Surface mount
◘ Through hole

Global Crystal Oscillators Market, By End User Sector:
◘ Consumer electronics
◘ Automotive
◘ Telecom and Networks
◘ Aeronautics and Defense
◘ Research and measurement
◘ Industrial
◘ Other Apps

Market segment by region/country comprising:

– North America (United States, Canada and Mexico)
– Europe (Germany, UK, France, Italy, Russia and Spain, etc.)
– Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
– South America (Brazil, Argentina and Colombia etc.)
– Middle East and Africa (South Africa, United Arab Emirates and Saudi Arabia, etc.)

Research methods

Based on a combination of variables that make up Porter’s Five Force model, the objective of producing market analysis for the entire forecast period is examined. The research is edited by the data experts using SWOT based methodologies to deliver insightful insights into the Crystal Oscillators market. The in-depth market research helps in highlighting and reporting on market strengths, weaknesses, dangers, and projections.

The research objectives for this report are:

◘ SWOT analysis focuses on the major global manufacturers to define, assess and analyze market competition. By type, application, and region, the market is defined, described, and forecast.
◘ Examine the main global and regional market potential and benefits, opportunities and challenges, restraints and risks.
◘ Determine whether trends and factors are driving or limiting market growth.
◘ By identifying high growth categories, stakeholders would be able to analyze market potential.
◘ Conduct strategic study of growth trends and market contribution of each sub-market.
◘ Expansions, agreements, new product launches and market acquisitions are all examples of competitive developments.
◘ Create a strategic profile of key players and thoroughly analyze their growth plans.

Buy Now @ https://www.coherentmarketinsights.com/insight/buy-now/5158

Table of contents with main points:

1. Overview

1.1 Crystal oscillator

1.2 Agrochemicals Segmentation

2. Global crystal oscillator market

2.1 Global Crystal Oscillators Market by Value

2.2 Global Crystal Oscillators Market Forecast by Value

2.3 Global Crystal Oscillators Market by Crop Type

2.4 Global Crystal Oscillators Market by Type

2.5 Global Crystal Oscillators Market by Product Type

2.6 Global Crystal Oscillators Market by Region

3. Regional market

3.1 Asia/Pacific

3.1.1 Asia/Pacific Crystal Oscillator Market Forecast by Value

3.1.2 Asia/Pacific Crystal Oscillator Market Forecast by Value

3.1.3 India Crystal Oscillator Market Forecast by Value

3.1.4 India Crystal Oscillator Market by Type

3.2 Latin America

3.2.1 Latin America Crystal Oscillator Market by Value

3.2.2 Latin America Crystal Oscillators Market Forecast by Value

3.2.3 Brazil Crystal Oscillators Market Forecast by Value

3.2.4 Brazil Crystal Oscillator Market by Type

3.3 Europe

3.3.1 Europe Crystal Oscillator Market by Value

3.3.2 Europe Crystal Oscillator Market Forecast by Value

3.4 NAFTA

3.4.1 NAFTA Crystal Oscillators Market by Value

3.4.2 NAFTA Crystal Oscillators Market Forecast by Value

3.5 Middle East/Africa

3.5.1 Middle East/Africa Crystal Oscillator Market by Value

3.5.2 Middle East/Africa Crystal Oscillators Market Forecast by Value

4. Market dynamics

4.1 Drivers of growth

4.1.1 Increase in world population

4.1.2 Growing urbanization

4.1.3 Growth of the global economy

4.1.4 Decrease in arable land

4.1.5 Growth in agricultural production

4.2 Trends and opportunities

4.2.1 Industry Consolidations

4.2.2 Increased focus on R&D

4.2.3 High growth prospects in emerging economies

4.3 Challenges and issues

4.3.1 Strict government regulations

4.3.2 High commodity prices

5. Competition

5.1 Global market

5.1.1 Global Crystal Oscillators Market Share by Company

5.2 Latin America

5.2.1 Brazil Crystal Oscillators Market Share by Company

5.3 Asia/Pacific

5.3.1 India Crystal Oscillator Market Share by Company

6. Company Profiles

6.1 key player 1

6.1.1 Overview of activities

6.1.2 Financial overview

6.1.3 Business strategies

6.2 key player 2

6.2.1 Overview of activities

6.2.2 Financial overview

6.2.3 Business strategies

6.3 key player 3

6.3.1 Overview of activities

6.3.2 Financial overview

6.3.3 Business strategies

6.4 key player 4

6.4.1 Overview of activities

6.4.2 Financial overview

6.4.3 Business strategies

6.5 key player 5

6.5.1 Activity Overview

6.5.2 Financial overview

6.5.3 Business strategies

….

Mr Shah
Coherent Market Insights Pvt. ltd.
+1 206-701-6702
write to us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Other

UpGrad completed the transaction with Harappa shareholders Bodhi Tree Systems, a new platform between James Murdoch and Uday Shankar, and co-founders Pramath Raj Sinha and Shreyasi Singh.

“We are seeing strong demand from our customers, and with the arrival of Harappa, we believe we can grow exponentially within the segment by leveraging synergies,” said Ronnie Screwvala and Mayank Kumar, co-founders. from upGrad.

Founded in 2015, UpGrad offers advanced courses in undergraduate, campus and employment-related programs, and for study abroad, to college learners and working professionals in the 18 age bracket. at 50 years old.

While Harappa recorded revenue of Rs 75 crore in FY22, upGrad recorded consolidated revenue of Rs 302.26 crore and net loss of Rs 211 crore in FY21 .

“Consolidations bring like-minded entrepreneurs together to create powerful and inspired formations. Harappa and upGrad will anchor our purpose and belief in creating a healthy learning ecosystem for lifelong learners in India and abroad,” said Pramath Raj Sinha, co-founder of Harappa.

Discover the stories that interest you

Sinha co-founded Harappa in 2018 with Shreyasi Singh, former editor of India Inc.

Harappa offers self-study courses and refresher courses for learners and claims to have an active customer base of 100 medium and large organizations.

Last week, UpGrad acquired Wolves India, a recruitment and staffing platform based in Bengaluru. Previously, it purchased Insofe, Work Better, Talentedge, KnowledgeHut, Campus, Rekrut and Global Study Partners.

DALLAS–(BUSINESS WIRE)–August 9, 2022–

Duncan Stubbs, the national litigation firm, today announced that Ben Browder, a former partner of Hunton Andrews Kurth, has joined the firm’s national plaintiffs practice. Browder comes to Duncan Stubbs with experience advising a wide range of clients intending to focus on legal transactions and financing.

This press release is multimedia. View the full press release here: https://www.businesswire.com/news/home/20220809005266/en/

Duncan Stubbs expands his team with new partner Ben Browder (Photo: Business Wire)

“The game is often stacked against plaintiffs in mass tort consolidations, but Duncan Stubbs goes against the grain,” said Ben Browder, Partner, Duncan Stubbs. “They have served tens of thousands of customers throughout its history, while providing a high level of service and attention to detail for each individual customer. I am honored to join this team.”

Throughout his career, Browder has worked with domestic and global private equity firms on the acquisition, disposition and financing of assets exceeding $10 billion. At Duncan Stubbs, he aims to disrupt the mass litigation industry by focusing on litigation technologies and partnerships that support jury trials for the strongest cases, in the most advantageous jurisdictions, with the best litigators. and litigants.

Browder has previously worked with Duncan Stubbs’ partners, McAlan Duncan and Matthew Stubbs, on financial transactions and looks forward to working with both attorneys to utilize his operational and financial expertise.

“Working at the highest level in the private equity and finance industries, Browder is a multifaceted lawyer,” said Matthew Stubbs, Partner, Duncan Stubbs. “We are delighted that he has chosen to join us and bring his experience to support our view on mass litigation.”

About Duncan Stubbs

Duncan Stubbs exists for one reason: to maximize customer recovery. Its team of legal experts regularly represents thousands of individuals against a single negligent corporation, spreading the word of corporate wrongdoing across the country to protect future generations from harm. Duncan Stubbs has continually engaged in strategic litigation in state and federal courts across the country, accompanied by a select group of attorneys who have specialized expertise in jury trials, state consolidated litigation and litigation federal consolidations. For more information, visit www.duncanstubbs.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220809005266/en/

CONTACT: Sydney Poteet

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL FINANCE

Source: Duncan Stubbs

Copyright BusinessWire 2022.

PUBLISHED: 08/09/2022 09:45 / DISK: 08/09/2022 09:47

http://www.businesswire.com/news/home/20220809005266/en

Copyright BusinessWire 2022.

Life insurance is no fun to think about, and those who buy it certainly hope they never need it. Yet if you die, your loved ones will likely be relieved that you have purchased a policy. Although life insurance covers deaths from natural causes and accidents, certain circumstances could prevent a payment. Here’s what you need to know.

What is life insurance?

A life insurance policy is a contract between you (the policyholder) and an insurance company. In return for paying regular premiums, the insurance company pays a death benefit to your beneficiaries if you die. Life insurance coverage provides a financial safety net and could replace your salary or be used to pay off a child’s mortgage or education costs.

Term life insurance vs whole life insurance

There are two main types of life insurance: term life insurance and whole life insurance (that is, permanent life insurance).

Term insurance is the simplest and most affordable type of life insurance. According to the Insurance Information Institute, it pays if you die during the term of the policy, which is typically one to 30 years.Once the term expires, you can renew it for another term, convert the policy to permanent coverage, or allow the policy to be terminated.

On the other hand, whole life insurance pays a death benefit every time you die, no matter how long you’ve been with the policy or how old you are. You’ll pay more premiums for less coverage with a whole life policy, but you’ll have the security of knowing your loved ones are protected your whole life. In addition, whole life insurance policies can accumulate cash over time and you can receive dividends from your insurer.

What Do Life insurance coverage?

Generally, if you die of natural causes, illness or accident, your designated beneficiaries will receive the life insurance payment. Here is a brief overview of the types of death covered by life insurance policies:

Natural causes

Life insurance covers deaths due to natural causes. If you die of a heart attack, cancer, infection, kidney failure, stroke, old age or any other natural cause, your beneficiaries will receive the insurance payment. .

Accidents

Your life insurance policy will pay death benefits to your beneficiaries if you die from a traffic accident, drowning, poisoning, accidental drug overdose or other tragedy.

Murder

The death benefit will be paid to your beneficiaries if you are murdered, unless your beneficiary murdered you or is closely related to your murder.

Suicide

Life insurance covers suicide, and your beneficiaries will receive the death benefit unless the death occurs during the “contestability period” —usually the first two years of the policy — provided there is no no other exclusion in the policy that prohibits it.

Pandemic disease

If you have an existing policy and you die of COVID-19, this is classified as a natural cause, and the insurance company will pay the benefit to your beneficiaries. However, let’s say you buy a new policy during an ongoing pandemic and you lie on your claim about your health or exposure to illness. In this case, the insurer can refuse to pay.

What types of death are not covered by life insurance?

If you do not die for one of the reasons mentioned above, your insurer may not pay the death benefit to your beneficiaries. Here are the situations in which your beneficiaries may not be able to collect benefits:

Risky activities

Depending on the situation and your policy, you may not be covered if you die while participating in a risky activity. Risk activities are recreational activities that have an increased potential for injury or death, such as:

• Scuba diving
• Basic jump
• Hang gliding
• Car race
• Aviation
• Climbing and climbing

The category of risky activities also includes some jobs, such as lumberjack, pilot, offshore oil rig worker, offshore fisherman and underground miner.

If you participate in risky activities, whether for fun or work, you can still buy a life insurance policy, but you could end up paying higher premiums. And, depending on how risky the activity is, your insurer may add an exclusion to the policy that prohibits payments if you die while you are engaged in that activity.

Murder

Under the “killer rule”, if your beneficiary murders you or is in any way linked to your murder, they will not receive the death benefit.Instead, your insurer will pay the death benefit to your potential beneficiaries or to your estate.

Suicide

Generally, life insurance covers suicide. However, most policies have a “suicide clause,” or contestation period, during the first two years of the policy. Life insurance policies do not cover suicide that occurs during this time. Things can get tricky if an insured dies of a drug overdose during this time. However, in this case, the insurer would have to prove that the overdose was intentional in order to withhold the death benefit.

Other reasons life insurance won’t pay

Lying on the app

Life insurance companies can withhold death benefits if you lie on your claim (that’s insurance fraud, by the way). For example, the insurer can cancel your policy, and your beneficiaries would lose benefits if you lie about your:

• Family health history
• Medical conditions
• Alcohol and drug use
• Risky activities
• Travel plans

Do not name a beneficiary (or they die before you)

Paying the death benefit is complicated if you don’t have named beneficiaries, or if you do and they die before you do. In these situations, the death benefit goes to your estate and not necessarily to your loved ones.

It is essential to designate primary and subsidiary beneficiaries to receive the death benefit from the premature death insurance. Otherwise, benefits are subject to homologation, and they may ultimately not go where you expect.

The bottom line

Life insurance can provide peace of mind and a valuable financial safety net for your loved ones. In general, policies cover deaths from natural causes, illness and accidents. However, insurers can withhold benefits in certain situations. Make sure you read the fine print of your policy to understand what is covered and what is not.

Workers at an office of US insurance giant Geico have embarked on an organizing campaign in the face of what they say are aggressive and unfair management tactics to prevent them from forming a union.

Workers at the roughly 2,500-employee office in Amherst, New York, near Buffalo, say they have faced deteriorating working conditions over the past two years under Geico CEO Todd Combs. Combs is an investment manager and protege of billionaire Warren Buffett, whose Berkshire Hathaway company owns Geico – known in the US for ads featuring its English-accented gecko mascot.

The organizing effort, Geico United, went public shortly after Geico sent a company-wide email in August 2022 asking workers to call the police if they feel uncomfortable with union organizers collecting union authorization signatures.

“The NLRB [National Labor Relations Board] says an employer should not interfere with your business, but they did,” said Lila Bilali, employee and organizer at Geico.

Another email was sent by Geico shortly afterwards which included several references to the Starbucks labor campaign, in an attempt to deter and deter the labor organization by claiming that the campaign had brought no benefit to the workers.

Then meetings with Geico management took place and the union was discussed. After one of the meetings, Bilali said the bulletin board where union flyers were displayed was removed from the office.

The union has deposit accusations of unfair labor practices with the NLRB. New York State Legislators sent a letter to Geico over the emails and actions, calling on the company to allow its employees to organize freely.

The workers explained that the organizing campaign took off in response to the changes and problems that arose under Geico’s new CEO and the Covid-19 pandemic.

“When the pandemic happened I think I was completely disillusioned when I realized that Geico was not what I thought they weren’t what they present themselves as being at least as a as an employer,” added Bilali.

Lonnie Konikoff, a longtime Geico employee in Amherst, New York, said this was exemplified by a subreddit of Geico employees full of sentiment about worsening working conditions over the past two years.

“We want to help Geico, we want to make Geico a better place to work,” Konikoff said. “We are just human beings who want to have a better working environment for ourselves and our colleagues and to be compensated fairly. I think that’s what every American worker wants and we just don’t get it at Geico.

Several workers who spoke to the Guardian asked to remain anonymous for fear of reprisals.

Workers cited numerous changes since Combs was appointed in January 2020, including the closing of 38 offices in California, the elimination of the research and development department, the modification of sales measures and disciplinary policies, insufficient training of new recruits, inadequate equipment and technology, as well as failing to reimburse workers who had to work from home and buy their own equipment at the start of the pandemic.

“There were a lot of good reasons to work for Geico, there was profit sharing, all kinds of incentives. All that has since changed and now they expect us to be almost like a computer, taking back-to-back calls consistently,” a worker at Amherst said.

A Geico employee outside New York, who is also working to organize a union and asked to keep his location and name secret for fear of retaliation, echoed similar sentiments.

The worker explained that amid drastic staff reductions and consolidation of departments, there are not enough staff to complete the necessary work, and they are losing staff to competitors where salaries, benefits and working conditions are better.

“Due to our staffing issues, there aren’t enough people to do all the work that needs to be done, and that’s having a huge, crazy snowball effect,” the worker added.

Another Geico worker organizing in a separate office pointed to similar issues, citing cuts, consolidations and lack of job security as pressing concerns for workers that the company ignored.

“We need to organize ourselves so that we have a voice and a seat at the bargaining table to advocate for better pay, better job security, more vacation and sick days for us- same, better opportunities for advancement within the company,” they said.

A Geico spokesperson said, “In areas where we have been overstaffed due to lower volumes, we have offered associate positions in other departments with comparable pay and better opportunities, and the company offers additional benefits if associates are displaced by major business changes.We care about our associates and work hard to find them better opportunities within the company while adapting to changing customer demands.

The spokesperson added, “Geico associates have the right to support or oppose union representation. We respect these important rights. We believe that the allegations contained in the charges filed with the National Labor Relations Board are completely baseless. »

U.S. inflation expectations, based on the 10-year breakeven inflation rate according to data from the St. Louis Federal Reserve (FRED), fell for the third day in a row to a new low since late February at the end of Wednesday’s North American session. That said, the latest print from the inflation gauge is 2.54%, the same as February 25.

The US Dollar appears to bear the brunt of the latest cut in inflation expectations as it remains under pressure around 104.20 after a three-day downtrend. With that, the greenback gauge is also bracing for the first in four weekly losses.

It should be noted that Fed Chairman Jerome Powell also showed readiness for higher rates, but stressed the reliance on data for the immediate benchmark rate hike. The same seems to have put downward pressure on US Treasuries yields and allowed equities to consolidate losses.

That said, S&P 500 futures are struggling for clear guidance while 10-year US Treasury yields remain under pressure around the weekly low, down 2.8 basis points to 3.13% at the time of the news. publication.

Going forward, US S&P Global PMIs for June and weekly jobless claims data will precede the second round of testimony from Fed Chairman Jerome Powell and it will be important to watch for clear market guidance. .

Also Read: US Dollar Index Remains Under Pressure Around 104.00 as Fed’s Powell Lacks Aggressive, US PMI Eyes

What do the graphs suggest for Dalal Street?

He believes the underlying trend of the 50-stock index is strongly positive.

Moving the index beyond 17,000, a psychologically important level that coincides with its 200-day simple moving average, is an encouraging sign for bulls, Sameet Chavan, chief technical and derivatives analyst, Angel One told CNBCTV18.com.

He is of the view that the momentum can be expected to continue as long as the gap area from 17,018 to 16,948 is not challenged or filled.

Dalal Street could see some consolidation ahead, but the nuance in broader markets should remain strong, he said.

Here are the key things to know about the market ahead of the August 1st session:

Global Markets

Wall Street indices jumped on Friday amid positive business news that offset worries about rising labor costs and other indicators of continuing inflation. The S&P 500 rose 1.4%, the Dow Jones 1% and the Nasdaq Composite 1.9%.

Earlier in the day, European markets mirrored the strength of Asian markets. The pan-European Stoxx 600 index ended up 1.3%.

What to expect in Dalal Street

HDFC Securities’ Shetti expects the Nifty50 index to reach levels of 17,600-17,800 in the next few weeks, but warns that minor downside corrections or consolidations cannot be ruled out. “Strong support is placed at the 16,950-16,800 levels,” he said.

Important levels to follow

In a bullish signal, the Nifty50 and Nifty Bank remain at least six percent above their long-term simple moving averages.

Chavan sees 17,380 followed by 17,450 as immediate levels to watch this week.

FII/DII activity

Open call/sell interest

Here are five stocks that have seen an increase in open interest as well as price:

Long relaxation

(Increase in price and decrease in open interest)

(Decrease in price and increase in open interest)

52 Week Highs

A total of 19 stocks from the BSE 500 – the stock market’s broadest index – broke the milestone:

52 week lows

No stocks in the 500-pack script hit a 52-week low.