China’s New Urbanization Drive Puts People at the Fore

BEIJING, March 9, 2021 /PRNewswire/ — A report from Beijing Review written by Li Xiaoyang:

BEIJING, March 9, 2021 /PRNewswire/ — A report from Beijing Review written by Li Xiaoyang:

China will raise the percentage of permanent urban residents to 65 percent of the population by 2025 from some 60 percent in 2020.

The government work report delivered at this year’s session of the National People’s Congress (NPC), China’s top legislature, on March 5 said China will move faster to grant permanent urban residency to people who move to cities from rural areas.

This population flow from rural to urban areas, where the industries are more developed, is accelerating economic progress, Yao Yang, Dean of the National School of Development at Peking University, told Beijing Review, adding that over the past decades, 14 percent of the economic growth can be attributed to urbanization.

The National Development and Reform Commission (NDRC) said earlier this year that the target set in 2014 of turning 100 million people from rural areas into urban residents by 2020 had been accomplished. 

Cities with a population of less than 3 million had removed barriers for rural residents to apply for urban household registration, which gives them greater access to local public services. Most of the bigger ones also eased restrictions for incoming groups including migrant workers with stable jobs and college students from rural areas.

Many city clusters have seen mushrooming development and population. According to Hu Zucai, deputy head of the NDRC, the urbanization drive has created 19 city clusters, where over 75 percent of the entire urban population live. These clusters contribute more than 80 percent of the GDP.

The 14th Five-Year Plan (2021-25) and long-range objectives through 2035 to be adopted at this year’s NPC session will outline new goals for urban growth.

According to the proposed document, the growth of major metropolitan areas and city clusters, especially the ChengduChongqing economic circle in southwest China, will be spurred on. Regional development gaps will be narrowed by providing support for the northeastern, central and western regions and improving the transfer payment system, which ensures transfer of funds from the Central Government to local governments. Major cities and city clusters will play a greater role in empowering their neighboring regions.

The plan also envisions addressing pollution, better designing urban spaces, protecting historical heritage, and renovating old communities. Water and sewage systems in urban areas will be improved. Risk control will be enhanced, the housing market reined in, and the urban household registration system eased further.

However, Hu said problems including the relatively low quality of life of rural residents settling down in cities, uneven regional development, and insufficient urban governance capacity call for more targeted efforts.

To make cities real home to rural migrants, public education and housing have to be improved. The group should also be given skills training for industries with a high labor demand, such as smart manufacturing and household services, to improve their income and purchasing power.

«China needs to build more cities with international competitiveness. Its development has relied on a few major cities for a long time,» Yin Zhi, a researcher with the Institute for China Sustainable Urbanization, Tsinghua University, told Beijing Review. «It led to traffic congestion, high housing prices and pollution in large cities, leaving many small and medium-sized cities insufficiently developed.»

Hu’s proposal therefore is to develop county-level economies and improve inter-city transportation.The growth of smart cities is envisioned through the use of new technologies including 5G and artificial intelligence, which will improve physical infrastructure and the digital platforms for urban management.

In the next phase, the government needs to encourage two-way personnel flow between urban and rural areas. Due to the employment pressure in cities, some rural residents may choose to return to their hometowns. The working skills they have acquired can make them key contributors to local development.

«As new urbanization advances, more personnel, funds and other resources will flow to rural areas, which will improve resource allocation across the country,» Yin said.

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SOURCE Beijing Review

Pan Am Flight Academy Reveals B777-200ER, Level D, Simulator Upgrade

MIAMI, March 9, 2021 /PRNewswire-HISPANIC PR WIRE/ — Pam Am Flight Academy revealed the most recent enhancements to its second Boeing – 777, Level D, full motion flight simulator.  Based in the aviation academy’s headquarters in Miami, Florida, the Level D, B777 has been upgraded to embody the popular B777-200ER. 

The upgrade includes a conversion to the GE engine software model along with Enhanced Ground Proximity Warning System (EGPWS) and the…

MIAMI, March 9, 2021 /PRNewswire-HISPANIC PR WIRE/ — Pam Am Flight Academy revealed the most recent enhancements to its second Boeing – 777, Level D, full motion flight simulator.  Based in the aviation academy’s headquarters in Miami, Florida, the Level D, B777 has been upgraded to embody the popular B777-200ER. 

The upgrade includes a conversion to the GE engine software model along with Enhanced Ground Proximity Warning System (EGPWS) and the incorporation of an Upset Prevention and Recovery Training (UPRT) solution using a wireless tablet. «This upgrade demonstrates Pan Am Flight Academy’s commitment to supporting our customer’s needs by expanding our offering for current aviation training demands» said Jeff Portanova, President of Pan Am Flight Academy.  «At Pan Am, we are dedicated to providing quality training to our partners and customers. As part of this commitment, our strategy will be to continue to invest in  equipment as dictated by our customer’s needs.. We are confident this will be a great addition to our service portfolio».

With this upgrade, Pan Am now has two GE powered B777-200ER’s available for training. Training on the second B777-200ER Simulator is slated to begin on April 01, 2021.

Pan Am Flight Academy partners with regional, national, and international airlines and pilots to deliver excellence in aviation training.  Training on the B777-200ER Simulator is slated to begin on April 01, 2021.

About Pan Am Flight Academy

Pan Am Flight Academy is a leader in aviation training and has more experience, simulator fleet types and more programs catering to the aviation service industry than any other training organization. As the only surviving division of original Pan American World Airways, Pan Am International Flight Academy can trace its instruction heritage to the earliest days of airline flight training. In 1980 Pan Am American World Airways opened its Flight Academy in Miami, Florida, still our base of operations.

For more information visit www.panamacademy.com

 

SOURCE Pan Am Flight Academy

New Initiative Will Drive Investments To Black, Indigenous, And Communities Of Color In The Greater Seattle Region

SEATTLE, March 9, 2021 /PRNewswire/ — A coalition of funders is announcing a new, pooled fund that will drive investments to Black, Indigenous, and People of Color (BIPOC)-led and -rooted organizations, coalitions, and movements as a pathway for inclusive recovery from the COVID-19 pandemic. The Fund for Inclusive Recovery aims to raise $50 million over the next five years.

SEATTLE, March 9, 2021 /PRNewswire/ — A coalition of funders is announcing a new, pooled fund that will drive investments to Black, Indigenous, and People of Color (BIPOC)-led and -rooted organizations, coalitions, and movements as a pathway for inclusive recovery from the COVID-19 pandemic. The Fund for Inclusive Recovery aims to raise $50 million over the next five years.

Coinciding with the one-year anniversary of the launch of the COVID-19 Response Fund, which deployed more than $30 million to communities and organizations disproportionately affected by the pandemic, the creation of the Fund for Inclusive Recovery aims to bring the region together to address the widening inequities placed on BIPOC community members. The COVID-19 Response Fund galvanized thousands of donors and supported 375 grantees working across critical issues such as emergency financial assistance, childcare, mental health, food assistance, and more. The widening inequities in Greater Seattle threaten the region’s overall growth. By investing in the most vulnerable communities, the Fund will foster shared prosperity and inclusive recovery that benefits everyone. 

«It’s clear that COVID-19 and the economic slowdown have disproportionately impacted Black, Latinx, Indigenous, and immigrant people across King County and the Puget Sound, and the experience of the past year only exacerbated the inequities that have faced these communities for decades,» said Tableau President and CEO Adam Selipsky. «Seattle has been Tableau’s home for the past 17 years. We’re proud to be a part of the Fund for Inclusive Recovery and help chart a more inclusive course for the region’s post-pandemic future.» Tableau, through Tableau Foundation, has made a five-year commitment totaling more than $1 million to the Fund.

«This is a defining moment for our region, and for philanthropy, which has both a responsibility and an opportunity to do things differently. The inequity in our community has been laid bare for all of us to see and we must rebuild with equity as our guiding principle,» said Tricia Raikes, co-founder of the Raikes Foundation, an early supporter of the Fund. «For too long, those who have been the least well served by our systems of care – from schools to housing, healthcare, justice, and beyond – have been denied the power to change them. We must ensure the voices of those most impacted by COVID and by racial injustice are guiding the work that we do to ensure we are the inclusive, resilient, and broadly prosperous community we can be.»

The Fund is being led by a Community Advisory Group, consisting of a diverse cross-section group of leaders from communities most impacted, reflecting a range of perspectives and strategic expertise from across the region. This group will provide strategic guidance into program priorities and processes, as well as the Fund’s approach to impact assessment and accountability measures, ensuring that the Fund invests critical philanthropic dollars in the best way possible to reach our goal of a more equitable region.

The Fund for Inclusive Recovery is also rooted in research conducted in partnership with The Bridgespan Group, who worked closely with the COVID-19 Response Fund Community Advisory Group to prioritize areas for short-term investment and long-term, systemic change. The striking and intensifying racial disparities in health, well-being, and economic security are all underscored in the report and in data collected by outside entities.

The US Census Bureau reported that, by late October of 2020, Black and Hispanic households in Washington State had much less confidence than white households that they could afford rent. King County’s own data revealed that COVID-19-related deaths, hospitalizations, and cases have been significantly higher in many BIPOC communities than among white people. To learn more about the impact of COVID-19 on BIPOC communities in King County, we invite you to read the research we recently released in partnership with The Bridgespan Group linked here. 

Housed at Seattle Foundation, the Fund for Inclusive Recovery brings together cross-sector partners to collectively tackle challenges and create meaningful impact in the Greater Seattle region. Early contributors include the following (alphabetical order): Norm and Lisa Bontje, The Butler Community Foundation, Deloitte LLP, Delta Dental of Washington, DOWL, Orion and Jackie Hindawi, The Raikes Foundation, The Seattle Mariners, Tableau Foundation, and Umpqua Bank, with $7.7 million and counting raised so far.

To learn more about the Fund for Inclusive Recovery, visit www.seattlefoundation.org/inclusiverecovery.

ADDITIONAL QUOTES ABOUT THE FUND FOR INCLUSIVE RECOVERY:

Several individual philanthropists have also made significant early gifts to the Fund. These include Tanium CEO Orion Hindawi and his wife, Jackie, who recently relocated to Seattle from the Bay Area. «As we settle into our new home, our family is extremely grateful for the opportunity to coordinate with Seattle Foundation to make a quick investment during this critical time,» stated Hindawi. «We are hopeful that the Fund’s focus on impact-ready investments to those most affected by the pandemic will drive both short-term and systemic change in the Seattle community.»

«Resources can be transformational for our communities, if we can ensure that we’re leading it, and we’re guiding how it’s done,» said Sili Savusa, Executive Director of the White Center Community Development Association and Community Advisory Group member. «We need funding that’s bold, guided by the wisdom of leadership of BIPOC communities that we know is already in place. The Fund for Inclusive Recovery is our chance to show what impact can look like if we do this work together.»

«The COVID-19 pandemic made our region’s disparities impossible to ignore. This is a critical moment for our community, and it’s important we continue coming together to support those closest to the solutions. Inclusive recovery will require us all to reimagine a different future for Seattle, one that centers on those most impacted by the effects of COVID-19,» said Tony Mestres, President & CEO of Seattle Foundation.

ABOUT SEATTLE FOUNDATION

Seattle Foundation ignites powerful, rewarding philanthropy to make Greater Seattle a stronger, more vibrant community for all. As a community foundation, it works to advance equity, shared prosperity, and belonging throughout the region while strengthening the impact of the philanthropists it serves. Founded in 1946 and with more than $1.1 billion in assets, the Foundation pursues its mission with a combination of deep community insight, civic leadership, philanthropic advising, and judicious financial stewardship. Read more at www.seattlefoundation.org.

FOR MEDIA INQUIRIES

For media inquiries, please reach out to Malia Mackey at malia@minervastrategies.com or 206.734.0053 (mobile).

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SOURCE Seattle Foundation

Final Launches FinalWipe–A Reusable, Sustainable and Affordable Alternative to Single-Use Paper Products

SEATTLE, Mar. 9, 2021 /PRNewswire-PRWeb/ — Final, the company behind FinalStraw and FinalCutlery—collapsible reusable straws and utensils that are easy to take on-the-go—is thrilled to announce the expansion of their Foreverables collection. FinalWipe Home and FinalWipe Travel are their latest approach to wiping out waste; they provide a…

SEATTLE, Mar. 9, 2021 /PRNewswire-PRWeb/ — Final, the company behind FinalStraw and FinalCutlery—collapsible reusable straws and utensils that are easy to take on-the-go—is thrilled to announce the expansion of their Foreverables collection. FinalWipe Home and FinalWipe Travel are their latest approach to wiping out waste; they provide a modern and clever resolution to single-use paper products.

«Our mission has always been to make living sustainably easy—waste is just a design flaw,» said Emma Rose Cohen, CEO and Founder of Final. «With the pandemic, we’ve seen a significant uptick in single-use waste, particularly when it comes to wipes as people have increased their cleaning protocols. With the launch of FinalWipe, we hope to provide homes and businesses an easy and affordable solution that they can use anywhere while simultaneously helping our planet.»

More than 254 million tons of paper towels and cleaning wipes are discarded globally every year. FinalWipe and its accompanying CleanTab tablets provide a sustainable alternative to cleaning solutions that are traditionally sold in plastic bottles. In addition to encouraging individuals to practice sustainability while cleaning, FinalWipe helps avoid the release of tiny microplastics, found in paper products, from entering the environment.

How does FinalWipe work? FinalWipe’s reusable cotton wipes can be used wet or dry. The FinalWipe Home containers are airtight: drop a CleanTab into the container, add water, combine the wipes and they’ll be ready to wipe down any surface. FinalWipe Home is made from post-consumer recycled plastic and bamboo and has a hidden drawer to store CleanTabs. FinalWipe Travel is the perfect on-the-go option to cleaning everything outside the home: a car interior, a shopping cart, your phone, plane seat, you name it! Simply spray the cleaning solution onto a surface and wipe it down.

The CleanTab tablets dissolve when added to water which creates an eco-friendly, multipurpose and toxic-free cleaning solution. It’s ideal for all general clean-up purposes. The ammonia-free and bleach-free solution can be used on a variety of surfaces to remove dirt and grime safely.

Available exclusively at Final.co beginning today, FinalWipe Home is $39.95 and FinalWipe Travel is $24.95.

ABOUT FINAL
The Final Co. LLC, DBA Final, launched FinalStraw, the world’s first reusable, collapsible straw, on Kickstarter in 2018. Final is on a mission to create reusable, responsibly made products that reduce the need for single-use products, empower individuals to change their buying habits, and raise awareness about the impacts of our everyday decisions.

©2021 The Final Co. LLC. All rights reserved. Final’s products and all Final logos, trademarks, and images are the property of The Final Co. LLC.

Media Contact

Lividini & Co., Final., +1 6128029787, final@lividini.com

 

SOURCE Final.

Credit Suisse Releases 2021 Hedge Fund Investor Survey

NEW YORK, March 9, 2021 /PRNewswire/ — Credit Suisse today released its 2021 Hedge Fund Investor Survey, entitled «A New Dawn,» which polled over 200 institutional investors globally representing $800 billion in hedge fund investments. Participants were surveyed on a number of topics, including key industry trends and forecasts, as well as strategy preferences and allocation plans for 2021.

Key highlights from the 2021 Credit Suisse Hedge Fund Investor…

NEW YORK, March 9, 2021 /PRNewswire/ — Credit Suisse today released its 2021 Hedge Fund Investor Survey, entitled «A New Dawn,» which polled over 200 institutional investors globally representing $800 billion in hedge fund investments. Participants were surveyed on a number of topics, including key industry trends and forecasts, as well as strategy preferences and allocation plans for 2021.

Key highlights from the 2021 Credit Suisse Hedge Fund Investor Survey:

  • Hedge funds are favored asset class to enhance traditional 60 / 40 model – 70% of investors plan to make changes to their portfolio in 2021 due to the current environment of lower bond yields. As investors look to plug their current return gap, they indicated that hedge funds were their favored asset class to enhance the current 60 / 40 model, followed by high-yield credit, equities, and private credit.
  • Proliferation of investors employing hedge funds to access private markets – 53% of allocators invest in private markets equity through hedge funds, with family offices and endowments & foundations the most active. There are multiple drivers behind the rise in private markets, including an ample supply of pre-IPO companies and PIPE transactions, access, knowledge, and return potential.
  • Capital continues to flow to non-traditional offerings – 61% of allocations over the past 12-18 months were directed to non-traditional structures, principally custom offerings (co-investments and managed accounts), driven by investors’ desire to tailor fit specific investment objectives. This shift shows no signs of abating, with investors indicating the portion will increase this year to 64%.
  • Strong appetite for equities and APAC – 7 out of the top 10 overall strategies were equity-oriented, with investors favoring healthcare, fundamental, emerging markets, and TMT. From a regional perspective, APAC was the most in-demand region and China the most preferred country.

John Dabbs, Global Co-Head of Prime Services and Co-Head of Americas Equities, said:

«The current rate environment is creating a sense of urgency for investors to identify new sources of returns for their fixed income portfolio. Our survey highlighted that investors are looking to hedge funds in addition to other asset classes in meeting their long-term obligations.»

Jaynita Sodhi, Head of Credit Suisse Capital Services Americas, commented:

«Investors indicated continued strong interest in equity-oriented strategies, particularly around sector and regional specialists. We also noticed a large sentiment upswing for discretionary macro and multi-strategy managers. Hedge fund dispersion for firms employing these strategies widened considerably in 2020, highlighting the importance of manager selection in driving portfolio returns.»                                                             

Joseph Gasparro, Head of Content for Credit Suisse Capital Services Americas, said:

«We’ve seen an uptick in demand from LPs to access private markets through hedge funds, given a manager’s ability to apply the breadth of their public markets investing acumen to private opportunities. Privates also allow managers to engage with next-generation companies that could be disruptive to publicly-traded peers.»

About the Respondents The survey, conducted from December 2020 to mid-February 2021, covered institutional investors on a global basis, including pensions, endowments, foundations, consultants, private banks, family offices, and funds of hedge funds. 55% of responses came from the Americas, while 29% were from EMEA-based investors and 16% were from APAC.

Press Contacts
AMERICAS
Anna Christensen, telephone: +1 212 538 4748, anna.christensen@credit-suisse.com  

EMEA
Sofia Rehman, telephone: +44 20 7883 7373, sofia.rehman@credit-suisse.com

APAC
Yukmin Hui, telephone: +852 2101 6041, yukmin.hui@credit-suisse.com

Credit Suisse
Credit Suisse is one of the world’s leading financial services providers. Our strategy builds on Credit Suisse’s core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 48,770 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Credit Suisse Prime Services
Credit Suisse Prime Services delivers high-quality core financing and operating services that hedge fund and institutional clients demand, including start-up services, product access, high-touch client service, financing, access to sources of capital, risk management, and managed lending. Prime Services delivers the strengths of Credit Suisse’s investment banking, private banking and asset management businesses to a focused number of clients. As a partner, Prime Services is committed to bridging the gap between idea and execution and functioning as a provider of choice for both the alternative and traditional investment communities. Credit Suisse Capital Services is part of Credit Suisse Prime Services and is responsible for introducing hedge fund managers to a broad range of institutional investors (including Funds of Hedge Funds, Family Offices, Private Banks, Endowments and Foundations, and Public and Corporate Pensions) who are seeking to allocate capital to Hedge Funds.

This is not investment research and is intended for institutional, professional or accredited investors only.

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SOURCE Credit Suisse

PARENTS Reveals Best Green Cleaners 2021

NEW YORK, March 9, 2021 /PRNewswire/ — Meredith Corporation‘s (NYSE: MDP) PARENTS released its second annual list of <a target="_blank"…

NEW YORK, March 9, 2021 /PRNewswire/ — Meredith Corporation‘s (NYSE: MDP) PARENTS released its second annual list of Best Green Cleaners, a selection of over 20 sustainable, efficient, and affordable products that are designated eco-friendly by a team of PARENTS editors and experts. PARENTS Best Green Cleaners 2021 are featured in the April issue, available now and online at Parents.com/greenclean.

«At a time when we’re hanging at home more than ever, a tidy space feels like a big accomplishment,» says Editor in Chief Julia Edelstein. «For the second year in a row, we tested eco-friendly formulas to find out which ones get surfaces clean and leave the planet intact too.»

PARENTS editors and experts vetted more than 100 products free of ammonia, hydrochloric acid, petroleum, phthalates, and sodium hydroxide (except in small amounts for pH balance)—the five chemical ingredients that PARENTS advisor Philip Landrigan, M.D., a pediatrician and director of the Global Observatory on Pollution and Health at Boston College, cited as most concerning to the environment. Families rated the products’ effectiveness on kid stains and routine cleanup. To pick the winners, the PARENTS team also factored in price and the sustainability of the packaging, a suggestion from Surili Sutaria Patel, director of the Center for Climate, Health, and Equity at the American Public Health Association.

PARENTS Best Green Cleaners 2021 are listed below by category and are available online at Parents.com/greenclean.

GERM FIGHTERS

Best Disinfecting Wipes (Tie): CleanWell Botanical Disinfecting Wipes and Arm & Hammer Essentials Disinfecting Wipes

Best Scented Disinfectant: Seventh Generation Disinfectant Spray

Best Fragrance-Free Disinfectant: Honest Disinfecting Spray

KITCHEN ESSENTIALS

Best Baby-Bottle Soap: Dapple Baby Bottle & Dish Soap

Best for Countertops: Boulder Clean Natural Granite + Stainless Cleaner

Best Dishwasher Cleaner: Lemi Shine’s Dishwasher Cleaner

Best Dishwasher Pods: Boulder Clean Dishwasher Detergent Power Packs

Best Liquid Dish Soap: Thrive Market Dish Soap

Best Powder Dish Soap: Blueland Dish Soap Starter Set

BATHROOM ESSENTIALS

Best Bathroom Cleaner: AspenClean Bathroom Cleaner

Best Scrub: Mrs. Meyer’s Clean Day Surface Scrub

Best Toilet Bowl Cleaner: Method AntiBac Toilet Bowl Cleaner

LAUNDRY ESSENTIALS

Best Baby Laundry Detergent: Babyganics 3X Lavender Laundry Detergent

Best Fabric Softener: Mrs. Meyer’s Clean Day Fabric Softener

Best Laundry Pods: Brandless Laundry Detergent Packs

Best Liquid Laundry Detergent: PUR Home Laundry Detergent

Best for Mealtime Messes: Disney Baby ECOS Stain & Odor Remover

Best for Set-In Spots: Kids ‘N’ Pets Instant All-Purpose Stain & Odor Remover

Best for Spills on the Go: Babyganics Fragrance Free Stain Eraser

FLOOR ESSENTIALS

Best All-Purpose Floor Cleaner: Squeak Floor Me Floor Cleaner

Best Disinfecting Floor Cleaner: Bona PowerPlus Antibacterial Hard-Surface Floor Cleaner

Best Mop Set: The Maker’s Mop

Best Spray Mop: Libman Freedom Spray Mop

For more information on PARENTS Best Green Cleaners 2021, visit Parents.com/greenclean.

ABOUT PARENTS
PARENTS, the leading source for busy, millennial moms, reaches 8.3 million readers monthly through an award-winning magazine and over 19 million readers on its digital and social platforms. With an understanding that raising good people is the most important job, PARENTS serves up trusted advice that empowers moms and dads to care for their kids with confidence and find ways to enjoy the ride. PARENTS is produced by Meredith Corporation (NYSE: MDP).

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SOURCE Meredith Corporation

CAPTRUST Unveils Third Annual Endowment & Foundation Survey

RALEIGH, N.C., March 9, 2021 /PRNewswire/ — CAPTRUST Financial Advisors (CAPTRUST) today released the findings from its annual Endowment & Foundation Survey, highlighting the unique needs of nonprofits with long-term investment assets between $10 million and <span…

RALEIGH, N.C., March 9, 2021 /PRNewswire/ — CAPTRUST Financial Advisors (CAPTRUST) today released the findings from its annual Endowment & Foundation Survey, highlighting the unique needs of nonprofits with long-term investment assets between $10 million and $250 million. The firm surveyed 171 organizations, including private foundations focused on religious, educational, and other charitable missions.

The survey was conducted in August and September 2020 and included questions around the impact of COVID-19, return objectives, fundraising, and portfolio risk, among others. When considering the impact of the global pandemic, the same proportion of nonprofits (31 percent) reported a suspension or termination of programs and services as those that identified an increase in programs and services, highlighting the critical services that many of these organizations provide (e.g., soup kitchens and churches).

«Many nonprofits had to balance the challenges of the current environment, but these organizations are rising to the occasion by continuing to serve their constituencies,» said Grant Verhaeghe, senior director, endowment and foundation practice leader at CAPTRUST. «The reality is that the pressures on each type of organization are unique, but despite that, there are some commonalities as they work together to meet the needs of the communities they serve.»

When it comes to investments, about a third of respondents (31 percent) are currently utilizing environmental, social, and governance (ESG); impact; or mission-aligned strategies. Nearly half of organizations not allocating to such investments (47 percent) indicate those strategies have not even been considered. Other reasons cited for not moving forward with one of these strategies is lack of a defined solution (23 percent) and complexity (16 percent), while expense (3 percent) and lack of manager track record (2 percent) were less of an issue.

«In past years of the survey, we had typically seen a greater adoption of ESG, impact, and mission-aligned investing among organizations with fewer assets. Now, larger organizations with more complex sets of stakeholders are catching up with their smaller peers,» said James Stenstrom, endowment and foundation director at CAPTRUST.

For nonprofits that use ESG, impact, or mission-aligned investing, more than three-quarters (78 percent) rely on negative screening, meaning they omit companies with business practices that do not align with their ethics rather than looking for organizations that exhibit desirable characteristics. Additionally, while ready-made ESG products continue to proliferate, 83 percent of organizations utilize custom strategies—at least in part—to fit their priorities.

For organizations’ overall asset allocations, two-thirds leverage tactical asset allocation. Those doing it internally—with the help of an investment committee, board of directors, and staff—consistently underperformed those leveraging an external party, such as an investment advisor or an outsourced chief investment officer.

«Seventy-one percent of organizations surveyed rely on internal investment committees or a board of directors to determine their tactical asset allocations,» said Stenstrom. «Especially in times of market volatility, there can be an advantage to working with dedicated, outside resources for investment advice, and we continue to see a greater number of nonprofits moving toward those services.»  

The 2020 Endowment & Foundation Survey dives into a number of additional topics, including asset allocation, spending policy, and performance trends. The full findings can be found here.

About CAPTRUST
Founded in 1997 in Raleigh, North Carolina, CAPTRUST is an independent registered investment advisor with a mission to enrich the lives of its clients, colleagues, and communities through sound financial advice, integrity, and a commitment to service beyond expectation. The firm provides investment management, financial planning, and income and estate tax compliance and consulting services for individuals and families. For retirement plan sponsors, endowments, foundations, and religious entities, CAPTRUST offers investment advisory services, fiduciary support, provider analysis/fee benchmarking, and participant advice. With more than 800 employees across more than 50 locations nationwide, CAPTRUST oversees more than $60 billion in assets under management and $600 billion in assets under advisement (as of February 15, 2021). For more information, visit www.captrust.com.

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SOURCE CAPTRUST Financial Advisors

The Princeton Review’s 2021 College Hopes & Worries Survey Reports on 14,000 Respondents’ «Dream» Schools, Admission Concerns & Application Challenges During COVID

NEW YORK, March 9, 2021 /PRNewswire/ — March through April is nail-biting season for nearly three million high school seniors and their parents awaiting news about their more than 10 million outstanding applications to colleges.

NEW YORK, March 9, 2021 /PRNewswire/ — March through April is nail-biting season for nearly three million high school seniors and their parents awaiting news about their more than 10 million outstanding applications to colleges.

Princeton Review Survey Reports «Dream» Colleges, Financial Aid Hopes and COVID Concerns of 14,000 Applicants & Parents

Offers of admission and financial aid have already landed in some students’ e-mail inboxes. The majority of applicants, however, are still anxiously watching their inboxes eager to see the «A-word»—Accepted.

According to The Princeton Review®‘s  2021 College Hopes & Worries Survey released today, stress levels are higher than ever this year among applicants and parents alike. So are worries about paying for college should their dream college reply «Accepted!» but not offer much by way of the other «A-word»—Aid. 

The survey, which the education services company has conducted annually since 2003, polled 14,093 people (11,113 college applicants and 2,960 parents of applicants) online in February about their application experiences, perspectives, and concerns.

Survey findings reveal that in a fantasy scenario—if the cost of college were inconsequential and admission automatic—the «Dream» college this year’s applicants wish they could attend is Harvard. Parents of applicants this year wish their children could head to Stanford. Last year, Stanford was the top «Dream» college among applicants as well as among parents surveyed by The Princeton Review.

The 20-question survey, which presents multiple-choice answers, annually asks respondents to weigh in on several application issues and topics, from the number of colleges to which they are applying to what factor will be most important to them in May when it comes to deciding which college to attend.

This year’s survey also asked participants if—and how—the coronavirus pandemic was affecting their application experiences. A complete report showing all survey questions, answer choices, and findings is accessible here. Notes on key findings follow.

Top 10 «Dream» Colleges for 2021

One annual survey question, «What ‘Dream’ college do you wish you or your child could attend if acceptance and cost weren’t issues?» invites a fill-in-the-blank answer. Respondents enter in the names of more than 375 different colleges and universities. Some schools are named by hundreds of participants as their «Dream» college—others by only one.

The schools named «Dream» colleges by the highest number of surveyed students were:

  1. Harvard College (MA)
  2. Stanford University (CA)
  3. New York University
  4. Columbia University (NY)
  5. University of California—Los Angeles
  6. Princeton University (NJ)
  7. Massachusetts Institute of Technology
  8. University of Texas—Austin
  9. University of Pennsylvania
  10. Yale University (CT)

The schools named «Dream» colleges by the highest number of surveyed parents were:

  1. Stanford University (CA)
  2. Harvard College (MA)
  3. Princeton University (NJ)
  4. Massachusetts Institute of Technology
  5. Yale University (CT)
  6. University of Pennsylvania
  7. University of California—Los Angeles
  8. New York University
  9. Columbia University (NY)
  10. Duke University (NC)

Findings based on responses of students and parents to questions with multiple-choice answers indicate:

  • College applications are highly stressful.

74% of respondents (2% more than last year) reported «High» or «Very High» stress about their applications.   In 2003, the survey’s initial year, only 56% reported «High» or «Very High» stress.

  • Financial aid is the biggest hope.

98% of respondents reported needing some financial assistance (grants, scholarships, or loans) to pay for college. 82% said aid would be «Extremely» or «Very» necessary and 16% deemed it «Somewhat» necessary.

  • Debt is the biggest worry.

41% (the plurality) said their greatest worry was the «Level of debt to pay for the degree.» For 28%, the top concern was «Will get into first-choice college, but won’t be able to afford to attend,» while 24% selected the answer, «Won’t get into first-choice college.»  The latter was the major worry among survey respondents fifteen years ago, when a plurality of 34% of respondents selected that answer in 2006.

  • The coronavirus pandemic has affected perspectives about college applications as well as decisions about colleges.

48% (the plurality) said the pandemic-related issue that has been most concerning with respect to their applications was «Attending school remotely: the potential impact on grades and extracurriculars.» 

59% of respondents reported that the pandemic had affected their decisions about the colleges to which they were applying. Of that group, 54% said they were applying to «Colleges with lower sticker prices.» 32% said «Colleges closer to home,» 7% said «Schools with smaller student bodies (or in less densely populated areas),» and 7% said «Colleges with on-campus medical centers or located near hospitals.»

  • Tests are the toughest part of applications.  More students have taken or plan to take the SAT® than the ACT®.

Asked which aspect of the application process was toughest, 38% (the plurality) chose the answer, «Taking the SAT®, ACT®, or AP® exams.» Asked which admission test(s) they (their child) had taken or planned to take, 39% said only the SAT, and 14% said only the ACT while 33% said «Both tests,» and 14% said «Neither test.»

  • The biggest benefit of a college degree is the prospect of a better job. 

43% (the plurality) considered the major benefit of earning a college degree to be a «Potentially better job and income,» while 32% chose «Exposure to new ideas,» and 25% chose «Education.»

  • «Overall fit» and programs supporting career interests matter more than academic reputation and affordability in decisions about colleges.

Asked to characterize the college they were most likely to choose, 41% selected the answer, «College that will be the best overall fit.» Nearly as many, 39%, selected «College with the best program for my (my child’s) career interests.» Only 11% said they would choose the «College with the best academic reputation,» and 9% said they would choose the «Most affordable college.»

  • College is strongly considered «worth it.»

Asked if they believe college will be «worth it,» 99% of respondents said «Yes.»

  • Parents and students differ on the distance from home of «ideal» college.

Asked how far from home their (their child’s) «ideal» college would be, 49% of parent respondents chose the answer, «Fewer than 250 miles.» However, 68% of student respondents selected answers in ranges exceeding 250 miles: 16% of them said «More than 1,000 miles.» On this subject, parents’ and students’ opinions have not changed since 2007 when The Princeton Review added the question to the survey.

Respondents to the survey hailed from all 50 states and DC as well as from more than 42 countries abroad. All were students or parents using The Princeton Review’s website or other of the company’s education resources. The Princeton Review has been helping students research and gain admission to their dream colleges since 1981.

The survey included an optional final question inviting respondents to share their advice for next year’s college applicants and parents. Said one wise student from New Jersey, «Underneath all of the stress, the college application process is very exciting, so KEEP GOING and KEEP SMILING.»  The Princeton Review posted a sampler of respondents’ student and parent advice here.

About The Princeton Review

The Princeton Review® is a leading tutoring, test prep, and college admission services company. Every year, it helps millions of college- and graduate school–bound students achieve their education and career goals through online and in-person courses delivered by a network of more than 4,000 teachers and tutors, online resources, and its more than 150 print and digital books published by Penguin Random House. The company’s Tutor.com brand is one of the largest online tutoring services in the U.S. It comprises a community of thousands of tutors who have delivered more than 20 million one-to-one tutoring sessions. The Princeton Review is headquartered in New York, NY. The Princeton Review is not affiliated with Princeton University. For more information, visit PrincetonReview.com and the company’s Media Center. Follow the company on Twitter (@ThePrincetonRev) and Instagram (@theprincetonreview).

SAT® and AP® are trademarks registered and owned by the College Board, which is not affiliated with and does not endorse this survey.

ACT® is a registered trademark of ACT, Inc.

SOURCE: The Princeton Review
WEBSITE: www.princetonreview.com

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SOURCE The Princeton Review, Inc.

Exiger Announces Integration and Partnership with SecurityScorecard to Strengthen Supply Chains for Defense and Critical Infrastructure

NEW YORK, March 9, 2021 /PRNewswire/ — Exiger, the global market leader in Supply Chain and Third-Party Risk Management solutions, has announced its partnership with

NEW YORK, March 9, 2021 /PRNewswire/ — Exiger, the global market leader in Supply Chain and Third-Party Risk Management solutions, has announced its partnership with SecurityScorecard, the global leader in cybersecurity ratings. The partnership was formed to support Exiger’s efforts to secure supply chains across the Defense Industrial Base, the Healthcare sector and other critical infrastructure sectors. Together, Exiger’s award-winning DDIQ automated platform and SecurityScorecard combine to create a common operating picture across cyber, financial, operational and reputational risks to combat the ever-evolving threat landscape that corporations and government agencies are forced to navigate.

After delivering game-changing Supply Chain Risk Management capabilities to the Department of Defense (DoD) in support of their COVID-19 response efforts, Exiger and SecurityScorecard formalized this innovative partnership to tackle emerging vendor and supply chain ecosystem challenges. Crystalized by the pervasive shock of the SolarWinds breach, the U.S. Federal Government and its industry partners are addressing far-reaching transparency and resiliency challenges in our existing supply chains. These proactive and important steps, as detailed in the new Executive Order on America’s Supply Chains, will have a global and sweeping impact on every industry; the partnership between Exiger and SecurityScorecard is designed to help companies and the U.S. Federal Government manage this rapid change.

«Our clients have realized that their operational risks don’t stop at their doorstep. Just like their people, their technology and their processes, their vendors are integral to their ability to deliver uncompromised products and services. And, in response, our clients are taking the necessary steps to build redundancy and risk management into their vendor ecosystem,» said Brandon Daniels, President of Global Markets at Exiger. «The combination of SecurityScorecard and DDIQ allows the CTO, CISO, CCO, CFO, GC, and COO to do that quickly, comprehensively, and cost-effectively.»

SecurityScorecard’s best-in-class cyber ratings will be integrated into Exiger’s DDIQ platform, which takes SecurityScorecard’s ratings, threat, and geographic data and combines it with other financial, operational, and compliance risk feeds to create a comprehensive risk assessment on every third-party and each tier of a supply chain. Exiger’s AI-powered platform is designed to drive transformational change in how entities are vetted at an unprecedented scale. The platform is purpose-built to enable the Federal Government and industry to safeguard the global supply chain at the speed of relevance.  Exiger’s platform has scaled to conduct due diligence on tens of millions of entities across the world’s largest financial institutions, corporates, and government agencies; including over 90 companies in the Fortune 250.

SecurityScorecard will deliver cybersecurity vulnerability monitoring, ratings and remediation guidance to help DoD suppliers understand potential cyber threats from their third-party vendors while prioritizing threat indicators. Having scored more than 1.6 million companies globally, SecurityScorecard focuses on providing a single view of cyber risk that includes self-assessment and comprehensive vendor ecosystem risk management. SecurityScorecard takes an outside-in view of a company’s security posture by seeing what a hacker sees. The company’s technology uses non-intrusive proprietary data collection methods, as well as trusted commercial and open-source threat feeds to continuously monitor 10 risk factor groups and instantly deliver an easy-to-understand A-F rating.

«The partnership between SecurityScorecard and Exiger serves an increasingly important need in the cybersecurity market for the industry’s expanding demand,» said Bill Hogan, Chief Revenue Officer for SecurityScorecard. «This combined capability gives the cyber market the ability to have a holistic analysis to immediately identify and prioritize high-risk third parties for assessment and remediation. This leads to an overall more secure risk environment.»

Exiger and SecurityScorecard will be conducting a joint webinar on April 8th titled «Combating Cyber Risk in Your Supply Chain: Responding to the Federal Government’s Push to Create a Resilient Industrial Base.» More information and registration is available online .

About SecurityScorecard
Funded by world-class investors including Moody’s, Sequoia Capital, GV, Riverwood Capital and others, SecurityScorecard is the global leader in cybersecurity ratings and the only service with over 1.6M+ companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard’s patented rating technology is used by over 1000 enterprise organizations. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees and vendors. Every company has the universal right to their trusted and transparent Instant SecurityScorecard rating. For more information, visit securityscorecard.com or connect with us on LinkedIn.

About Exiger
Exiger is the global authority on financial crime and risk compliance introducing technology-enabled solutions to the market’s biggest compliance challenges. Exiger is changing the way banks, corporations and governmental agencies fight financial crime by combining industry expertise and artificial intelligence to root out bribery, corruption, sanctions violations, money laundering and terrorist financing. In recognition of the growing volume and complexity of data and regulations, Exiger is committed to working with clients to create a more sustainable compliance environment through its holistic and innovative approach to problem solving. Powering its Advisory, Diligence and Federal Solutions, Exiger has developed purpose-built technology — DDIQ and Insight 3PM — trained and deployed by its subject matter experts to accelerate the auditability, efficiency, quality and cost effectiveness of clients’ compliance operations. Exiger operates in six countries and eleven cities around the world, including New York City, the Washington, D.C. metro area (Silver Spring and Tysons Corner), San Antonio, London, Toronto, Vancouver, Bucharest, Hong Kong, Singapore and Sydney. For more information, visit exiger.com and follow us on LinkedIn.

Contact:
Fehmida Bholat
SecurityScorecard
310-880-0750
fbholat@securityscorecard.io 

Kody Gurfein
Exiger
914-393-0398
kgurfein@exiger.com 

 

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SOURCE Exiger

Recall Gavin Newsom Campaign Nears Two Million Signatures with Support of Congressional Candidate Joe Collins

SACRAMENTO, Calif., March 9, 2021 /PRNewswire/ — Gavin Newsom is one step closer to being removed from office as the Recall Gavin Newsom Campaign nears two million signatures. Mike Netter, of RecallGavin2020.com announced on Sunday that he, his team, Team Joe Collins, and thousands of volunteers, have gathered 1.95 million signatures (he only needs 1.495 million). That was before the Sacramento Recall rally, sponsored by <span…

SACRAMENTO, Calif., March 9, 2021 /PRNewswire/ — Gavin Newsom is one step closer to being removed from office as the Recall Gavin Newsom Campaign nears two million signatures. Mike Netter, of RecallGavin2020.com announced on Sunday that he, his team, Team Joe Collins, and thousands of volunteers, have gathered 1.95 million signatures (he only needs 1.495 million). That was before the Sacramento Recall rally, sponsored by Joe Collins, on the steps of the State Capitol, where tens of thousands gathered to support the recall effort.

«This recall movement has mobilized democrats, republicans and independents to band together in a common voice to remove the Governor, that has failed small business and the people of California,» said Joe Collins. «Our rally on Sunday proved that the people are behind making a change.»

Speaking at the event were citizens impacted by the failed policies of the Governor of California. «What the State of California needs now is leadership and we cannot continue to rely on Governor Newsom to provide his vision of our future,» said Angela Marsden of Pineapple Hill Grill and Saloon. «We must stand up for our rights to earn a living.»

Many saw the viral video Ms. Marsden released in the wake of the Thanksgiving shutdown that forced her to furlough her employees while a movie company was allowed to cater a meal for 200 people in the very same parking lot deemed unsafe for her restaurant patrons. «Now this selective policy created in the wake of Covid-19 must be challenged and the people that have put their livelihoods on the line must be allowed to feed their families,» Joe Collins continued, «It is just that simple. We have the right to Life, Liberty, and the pursuit of happiness granted to us by God and the Constitution.»

The recall is in the final stretch. The signatures are pouring in at a rate of over a hundred thousand a week and the two million mark is just hours away. Once the signatures are verified, the recall will go to the voters and they will decide the fate of Governor Gavin Newsom.

«This is an historic time,» said Political Consultant Brittani Daniels, «I am happy to be a part of this exciting time, where Californians exercise their Constitutional Rights.»

Media Contact:
Brittani Daniels, MPP
304668@email4pr.com | 310-617-9974

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SOURCE Joe Collins for Congress