Grantstation Trendtrack Thu, 24 Nov 2022 04:09:08 +0000 en-US hourly 1 Grantstation Trendtrack 32 32 Daniel Andrews, Matthew Guy campaign in the last days; Release of VEC early voting figures; John Pesutto denies Liberal Party leadership ambitions Thu, 24 Nov 2022 03:53:18 +0000

Labor is promising a $1 billion surplus at the end of the next term if it wins the election despite another $3.3 billion in campaign spending announcements, according to a final tally of government spending pledges.

In a final address to voters ahead of Saturday’s election, Treasurer Tim Pallas said all Labor Party campaign ads had been fully funded, “giving a massive boost to the economy without privatizing, increasing net debt or introduce new taxes”.

Victoria Treasurer Tim Pallas predicts a surplus by 2025-26.Credit:age

But the figures, which have been independently verified by the Treasury, reveal that the politically crucial forecast of the 2025-26 surplus is being achieved entirely by plundering the budget’s rainy day contingency reserve, which is designed to insulate the budget from economic shocks and skim the cash for other contingencies. events.

The tally shows 89 spending and saving initiatives announced by Labor during the campaign, worth a collective $3.27 billion over the next five years.

After factoring in new spending announced since the Treasury’s pre-election budget update released at the start of the campaign, Labor estimates the state is on track to run a $10.2 billion deficit. this exercise.

But he predicts that the state’s precarious financial situation will improve quickly, with a deficit of $3.6 billion expected for 2023-2024, then a relatively narrow deficit of $534 million the following year.


Labor believes the state’s financial fortunes will have turned around in 2025-26, with a forecast surplus of just over $1 billion.

If delivered, it would finally start to pay down Victoria’s huge public debt, which is expected to reach around $166 billion by June 2026, equivalent to around a quarter of the total value of the economy of State.

Today’s tally shows that the budget would, in fact, remain in deep deficit were it not for the $1.1 billion “drawdown” of hollow log contingencies built into the budget.

Bitcoin Rebounds, Crypto Broker Attempts to Bypass Bankruptcy Tue, 22 Nov 2022 21:26:00 +0000

Bitcoin reversed above $16,000 on Tuesday after briefly hitting a new two-year low on Monday. The world’s largest cryptocurrency fell below $15,500 on Monday afternoon, with worsening liquidity issues raising concerns following the collapse of Sam Bankman-Fried’s FTX. Unconfirmed social media chatter Over the weekend, crypto industry sources, including a unit of the Digital Currency Group, questioned whether the venture capital giant could be the next crypto domino to fall.


DCG owns Grayscale Investments, manager of the world’s largest crypto fund, Grayscale Bitcoin Trust (GBTC). Grayscale holds over 3% of global Bitcoin. DGC also owns crypto broker Genesis Global Trading and digital asset news outlet CoinDesk.

Genesis has warned that it may have to file for bankruptcy as it strives to raise capital, Bloomberg reported Monday evening.

The company has “no plans to file for bankruptcy imminently,” a Genesis spokesperson told TechCrunch after the Bloomberg report. “Our goal is to resolve the current situation in a consensual manner without the need to file for bankruptcy. Genesis continues to have constructive conversations with creditors.” Genesis also cut its funding goal in half to $500 million, TechCrunch reported.

The digital asset brokerage applied for a $1 billion emergency loan last week, The Wall Street Journal reported Thursday. The company halted withdrawals from its $2.8 billion crypto lending unit, Genesis Global Capital, on Wednesday after confirming liquidity issues following FTX’s bankruptcy filing. The company announced “abnormal withdrawal requests” from clients that exceed its current liquidity.

Two of Genesis’ biggest borrowers were Singapore-based crypto hedge fund Three Arrows Capital and FTX-affiliated trading firm Alameda Research. Three Arrows Capital, Alameda and FTX are all in bankruptcy proceedings. Three Arrows Capital filed in July while Alameda and FTX filed together in November. DCG filed a $1.2 billion lawsuit against Three Arrows in legal proceedings in July after Genesis loaned the company $2.3 billion.

On Nov. 11, DCG gave Genesis a $140 million equity injection as FTX began to slump.

And crypto exchange Gemini suspended withdrawals from interest-bearing accounts following the announcements, as Genesis is the program’s lending partner.

Grayscale Bitcoin Trust Price Decline

Grayscale announced that its products “continue to operate as usual and recent events have had no impact on products or operations.” Grayscale indicates that Genesis Global Capital is not a counterparty or service provider for any Grayscale product. In an October 3 SEC filing, Genesis was terminated as an authorized participant of GBTC but continues to serve as a liquidity provider.

GBTC’s grayscale products and underlying assets are held in separate portfolios in cold storage by its custodian Coinbase (COIN), the company said. However, Grayscale declined to share its full proof of reservations due to “security concerns”. On Friday, he shared a letter from Coinbase Custody Trust confirming the 635,235 Bitcoins in storage.

“To be perfectly clear: The BTC underlying Grayscale Bitcoin Trust is owned by GBTC and GBTC alone,” Grayscale tweeted. Many online investors fear that DCG may start dumping its Bitcoin holdings to bail out Genesis. But Grayscale reassures investors that is not the case.

Meanwhile, Cathie Wood buys GBTC at a discount. Ark Investment management bought more than 315,000 GBTC shares worth about $2.8 million for its Internet ETF Ark Next Generation (ARKW) last Monday, Bloomberg reported.

GBTC stock closed around 2% higher on Tuesday after surging more than 8% midday on Bitcoin’s rebound and Genesis announcement. Shares fell slightly to $8.32 at Monday’s closing bell after falling 5.5% early in the day. The price has fallen around 78% so far this year as Bitcoin crashes with the wave of crypto bankruptcies. Shares are well below their all-time highs near $58 from February 2021, before the current crypto ice age.

Bitcoin, meanwhile, surged above $16,000 on Tuesday. The top crypto dropped below $15,500 on Monday from its low of $21,000 in early November following the collapse of FTX.

The FTX Collapse Explained

The FTX exchange has thrown the crypto markets into turmoil for the past two weeks after filing for Chapter 11 bankruptcy on November 11. Founder and CEO Sam Bankman-Fried resigned and was replaced by John J. Ray III. The former Enron cleanup executive slammed SBF saying, “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of reliable financial information.”

The fourth-largest crypto exchange by volume has faced a massive liquidity crunch after revelations that its native FTT token made up the majority of sister trading firm Alameda Research’s balance sheet. Crypto exchange Binance has announced that it will liquidate its FTT holdings on November 6, triggering over $6 billion in FTX withdrawals in 72 hours.

Unknown publicly at the time, Alameda Research owed FTX approximately $10 billion in loans consisting of customer deposits. Meanwhile, FTX invested user funds in various crypto projects and lesser-known tokens, some of which were Bankman-Fried’s own initiatives, compounding liquidity issues.

When FTX crashed, Bitcoin fell nearly $15,800 from over $21,200 in four days, dragging cryptocurrency prices down with it. Investors transferred more than $3 billion in Bitcoin from exchanges to personal wallets during the week of FTX’s bankruptcy, according to Glassnode data compiled by CoinTelegraph. Bitcoin recovered around $16,500 by November 17, but fell again as new liquidity issues emerged. The prices of major cryptocurrencies are still down 20% or more since FTX’s liquidity issues began on November 5.

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$5 Million to Northwest Tribes: Federal Funds to Help Restore Sockeye Salmon Habitat | New Tue, 22 Nov 2022 04:22:51 +0000

US Senators from Oregon Jeff Merkley and Ron Wyden announce that a total of $5,041,495 million from the National Fish and Wildlife Foundation (NFWF) will be awarded to the Nez Perce Tribe, in partnership with the Confederated Tribes of the Umatilla Indian Reservation (CTUIR) and other partners, to restore sockeye salmon habitat connectivity to the Wallowa Lake Dam.

“Sockeye salmon are important not only to the culture of CTUIR and the Nez Perce Tribe, but to the entire Pacific Northwest,” said Senator Merkley, who chairs the Senate Domestic Appropriations Subcommittee, which has funded the program. “So we all owe a debt to these tribes, who are helping restore the 100-year-old Wallowa Lake Dam to restore sockeye salmon populations in northeast Oregon. This federal funding will help increase river flows, which will not only benefit fish populations, but also nearby communities through increased recreational opportunities, protection of drinking water sources and support for ranchers. and producers in times of drought.

What is an index fund? – Advisor Forbes Australia Mon, 21 Nov 2022 07:43:24 +0000

As stated above, index funds are a type of mutual fund. Like all mutual funds, when you buy shares in an index fund, you’re pooling your money with other investors to own a share of the company. With an index fund, the pool of money is used to buy a portfolio of assets that replicate the stocks of a target index. Dividends, interest and capital gains are paid regularly to investors.

The fund manager adjusts the share of assets in his portfolio to match the index. In doing so, the fund’s return should match the performance of the target index, before accounting for fund expenses.

Why index weighting is important for index funds

Indices use different weighting strategies to track their underlying assets, and the choice can have a big impact on the performance of an index fund. A price-weighted index takes into account the market price of each asset: the most expensive assets have a higher share in the index than the less expensive assets. The Dow Jones Industrial Average (DJIA) is a price-weighted index: the price per share of each company tracked by the DJIA determines its weight in the index.

During this time, a market capitalization weighted index considers the market capitalization of each asset – the total money invested in the asset, or the so-called market capitalization – to determine its share in the index. The ASX 200 is a market capitalization-weighted index: the market capitalization of each constituent company determines its weight in the index.

Why is this important? A fund that tracks a price-weighted index must adjust its portfolio holdings more frequently, as market prices fluctuate, to track its target index. With a market cap weighting, there is less need to buy and sell to keep the fund aligned with its objective. However, large capitalization assets can have an outsized impact on the performance of the index and any fund based on it.

A equal weight index gives equal weight in its calculation to every asset it tracks, regardless of its price or market capitalization, large or small. For an index fund, this means that no holding has a disproportionate impact, positive or negative, on performance.

ARC grants radio spectrum to media and broadcasters for World Cup Fri, 18 Nov 2022 19:36:00 +0000

Doha: The Communications Regulatory Authority (CRA) has granted all broadcast and media rights holders the radio spectrum that enables more than 3.5 billion expected viewers to tune in to unique official coverage of the FIFA World Cup Qatar 2022 on TV, digital platforms and public screens.

The tournament’s spectrum management service provider, CRA, has engaged with 120 media rights holders and media agencies over the past few months, in addition to 59 host country broadcasters, other non-licensed media agencies rights, press and photography.

In addition, the CRA has allocated over 2,900 radio frequencies to all parties.

CRA also provided the spectrum needs of the country’s crucial sectors, such as the military, security, commercial and other sectors; in turn benefiting the International Federation of Association Football (FIFA) and its contractors, service providers, commercial affiliates and broadcasters.

CRA has met FIFA’s spectrum requirements to enable the use of football technology and innovation, which will play a vital role in match management and analysis. Among these technologies is semi-automated offside technology, which will be used as technology adopted by FIFA for the first time in World Cup history to help determine offside cases.

Additionally, Video Assistant Referee (VAR) technology will be used for the second time in World Cup history, and Goal-Line (GLT) technology will be used for the third time. Additionally, live player and ball tracking technology will be used in the tournament, in addition to wireless communication technology between referees, which all require their own radio frequencies which have been allocated by the ARC to be used exclusively for the FIFA World Cup Qatar 2022. .

All matters relating to the use of radio spectrum in Qatar are governed and managed by ARC. The ARC is the responsible authority for the development of a comprehensive spectrum plan for the FIFA World Cup Qatar 2022, in accordance with Decree Law No. (34) of 2006, promulgating the Law on Telecommunications as amended by Act No. (17) of 2017, and the Telecommunications Act. Stopped.

This responsibility is part of the guarantee provided by the Government of Qatar to FIFA in support of Qatar’s bid to host this event.

Booming segments of the payday loan market; Investors looking for stunning growth: Speedy Cash, OppLoans, Ace Cash Express, Money Mart Fri, 18 Nov 2022 06:44:14 +0000

This press release was originally distributed by SBWire

NJ New Jersey, USA – (SBWIRE) – 11/17/2022 – The latest released Payday Loans Market Research has assessed the future growth potential of the Payday Loans market and provides useful insights and statistics on the structure and size of the market. The report aims to provide market insights and strategic insights to help decision makers make sound investment decisions and identify potential gaps and growth opportunities. Furthermore, the report also identifies and analyzes changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in the Payday Loans market. The study includes analysis of market shares and profiles of players such as CashNetUSA (USA), Speedy Cash (USA), Approved Cash Advance (USA), Check n’ Go (USA ), Ace Cash Express (US), Money Mart (US), LoanPig (UK), Street UK (UK), Peachy (UK), Satsuma Loans (UK), OppLoans (United States).

Download Sample PDF Report (including full TOC, Table and Figures) @

Definition: Payday loans are small, short-term, unsecured loans that borrowers promise to repay on their next paycheck or regular income. Loans are typically $500 or less than $1,000 and mature within two to four weeks of receiving the loan and are usually priced at a flat rate, which means finance charges for the borrower. These unsecured loans have a short repayment period and are called payday loans because the term of a loan generally matches the payday period of the borrower. According to the Federal Reserve Bank of St. Louis, in 2017 there were 14,348 payday loan storefronts in the United States. About. 80% of payday loan seekers borrow again to pay off a previous payday loan. Payday loan regulations are the strictest in the Netherlands.

Market opportunities:
Growing adoption of payday lending in developing countries

Market trends:
~43% use 6 or more installment loans per year and 16% use more than 12 small loan products per year
Payday loans are an attractive alternative to popular credit cards

Market factors:
A growing number of payday loan users in North America and payday loans are only legal in 36 US states
Growing use of Quick Cash for emergencies

The global payday loans market segments and market data breakdown are illustrated below:
by type (one hour, instant online, cash advance), request (mortgage or rent, food and groceries, regular expenses (utilities, car payment, credit card bill or prescription drugs), unexpected expenses (expenses emergency medical services), others), Reimbursement period (up to 14 days, 1-2 months, 3-4 months, more than 4 months), end user (men, women)

The Global Payday Loans Market report highlights insights regarding current and future industry trends, growth patterns, as well as offers business strategies to help stakeholders make sound decisions that can help ensure the trajectory of earnings over the forecast years.

You have a question ? Start a survey before purchase @

Netherlands: Payday lenders must now acquire the appropriate license to operate and must comply with the maximum interest rate of the bank prime rate plus 12%. In 2013 and 2014, the Dutch government enforced this legislation in two landmark court cases in which it fined two companies found to be operating outside these regulations – this included a $2.2 million fine ( 2 million euros) to for failing to comply with tariff restrictions. and Canada: British Columbia has the strictest set of regulations: lenders cannot legally charge more than $15 per $100 for a two-week payday loan, and penalties for returned checks or debits pre-authorized are capped at $20.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions:
The Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, Israel, Egypt, etc.)
North America (United States, Mexico and Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia).

Report objectives
-To carefully analyze and forecast the Payday Loans market size by value and volume.
-Estimating the market shares of the main payday loan segments
– To present the Payday Loans market development in different parts of the world.
To analyze and study the micro markets in terms of their contributions to the Payday Loans market, their prospects, and individual growth trends.
-Offer accurate and useful details on factors affecting Payday Loans growth
-To provide a meticulous assessment of crucial business strategies employed by leading companies operating in the Payday Loans market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments and product launches.

Buy Now Full Payday Loans Market Assessment @

Main highlights of the table of contents:

Payday Loans Market Research Coverage:
It includes major manufacturers, emerging player’s growth story and major business segments of Payday Loans market, years considered and research objectives. Further, segmentation based on product type, application, and technology.
Executive Summary of Payday Loans Market: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, along with macroscopic pointers.
Payday Loans Market Production by Region Payday Loans Market profile of manufacturers-players is studied based on SWOT, their products, production, value, financials and other vital factors .
Key points covered in the Payday Loans market report:
Overview, Definition and Classification of Payday Loans Market Drivers and Obstacles
Payday Loans Market Competition by Manufacturers
Analysis of the impact of COVID-19 on the payday loan market
Payday Loans Capacity, Production, Revenue (Value) by Region (2021-2027)
Payday Loan Supply (Production), Consumption, Export, Import by Region (2021-2027)
Payday Loan Production, Revenue (Value), Price Trend by Type {One Hour, Instant Online, Cash Advance}
Payday Loans Market Analysis by Application {Mortgage or Rent, Food and Groceries, Regular Expenses [Utilities, Car Payment, Credit Card Bill, or Prescription Drugs]Unforeseen expense [Emergency Medical Expense]Others}
Payday Loans Manufacturers Profiles/Analysis Payday Loans Manufacturing Cost Analysis, Industry/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
Strategy by major manufacturers/players, standardization of connected distributors/traders, regulatory and collaborative initiatives, industry roadmap and analysis of value chain market effect factors.

Browse Full Summary & TOC @

Answers to key questions
How feasible is the payday loan market for a long-term investment?
What are the factors influencing the demand for payday loans in the near future?
What is the impact analysis of various factors on the growth of the Global Payday Loans Market?
What are the recent regional market trends and how successful are they?

Thank you for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

For more information on this press release, visit: -ace-cash-express-money-mart-1366587.htm

COP27: Fossil fuel interests take us for fools Thu, 17 Nov 2022 19:30:00 +0000

Consider how our world fuels its economies: we extract fossil fuels (coal, oil and natural gas) and burn them. Air pollution alone causes millions of deaths and heat-trapping emissions overheat the planet, leading to sea level rise, heat waves, droughts, wildfires, floods and other extreme weather events. The companies that produce these fuels profit from a pernicious business model that allows them to pollute for free, pass the costs of all damages on to the public, and use their financial and political power to perpetuate their lucrative business.

To be fair, there is no doubt that abundant and cheap fossil fuels fueled the Industrial Revolution and improved the livelihoods of people around the world. Initially, the environmental impact appeared insignificant. Then, scientists noticed that greenhouse gases from fossil fuels were not dissipating but building up in the atmosphere.

In recent decades, as more data has been collected, the impacts have become more worrisome. Although scientists working in fossil fuel companies were among the first to understand the dangers, the industry has done all it can to protect its business model by denying climate science, obscuring the problem and delaying the transition to clean energy alternatives. This industry and its political allies have deceived us. In response, corporations have unwittingly allowed these life-destroying fuels to jeopardize the future of humanity. They take us for fools.

It would be a different story if fossil fuels were our only energy options, but that is not the case. Clean and renewable energy sources are readily available to replace fossil fuels. Indeed, solar and wind power are already cheaper than fossil fuels in many places. Moreover, the United Nations’ International Panel on Climate Change (IPCC) has concluded that the technologies and policies needed to mitigate climate change already exist – and that the only real obstacles are politics and vested interests. related to fossil fuels.

Think about how fossil fuel lobbyists manage to influence and manipulate UN climate change conferences. Last year, at COP26 in Glasgow, their outsized influence was widely reported and had the effect of undermining and delaying important climate action. According to a report by climate groups, industry presence at this year’s UN climate summit COP27 in Egypt is even greater, far exceeding the number of representatives from a single national delegation, exception of the United Arab Emirates, a major fossil fuel producing country. More worryingly, a seemingly fossil-fuel-friendly PR firm has been hired to handle COP27 communications and appears to be using that role to distract from polluting industry, scientists and climate activists say.

The COP27 agenda includes discussions on who should pay for the losses and damages suffered by poor countries. Conveniently for fossil fuel interests, the framing of this conversation identifies rich countries and governments as the “polluters who should pay”, diverting attention from the real polluters – the coal, oil and gas companies.

Speaking on behalf of the Alliance of Small Island States, Antigua Prime Minister Gaston Browne said, “The oil and gas industry continues to bring in $3 billion [USD] daily in profits.

“It is high time these companies were forced to pay a global carbon tax on their profits as a source of funding for loss and damage,” he added. “While they’re enjoying it, the planet is burning.”

Since reducing emissions is the goal of UN climate conferences, shouldn’t he be asking the real polluters to pay? If the nations of the world imposed an ever-increasing carbon pollution tax on fossil fuel companies, huge sums of money would be generated. A carbon tax, long advocated by economists, would be far more effective than government-funded or corporate-funded efforts to help poor countries. More importantly, it would spur the clean energy transition by lowering demand for fossil fuels, giving renewables a competitive advantage, and incentivizing all countries, including China, to adopt similar policies (when they are used as a carbon border tariff).

Fossil fuel interests are powerful, but citizens also have political power. In the United States and in every country around the world, citizens should support leaders who will expose the business model of the fossil fuel industry that is jeopardizing our lives and jeopardizing the future of our children and grandchildren. First steps for government action should include ending fossil fuel subsidies, enacting carbon pricing legislation to make polluters pay for the devastation they cause, and providing the financial incentives our societies need to stop using polluting fuels.

Robert Taylor is a freelance journalist whose research and published work focuses on environmental issues.

Craig B. Smith, Ph.D., is an engineer, former UCLA faculty member, former president and president of a major international architectural/engineering firm, author of several books on efficiency energy and global warming.

Taylor was a contributor and Smith was co-author (with WD Fletcher) of “Reaching Net Zero: What it takes to solve the global climate crisis”.

Leverage data for program improvement and student success Thu, 17 Nov 2022 08:07:12 +0000

Who registers the New England transfer guarantee? With three semesters of student-level enrollment data on this New England Higher Education Council transfer initiative under our belt, Senior Program Manager Emily Decatur and I are now equipped to begin answering this question and many more.

The New England Transfer Guarantee is a groundbreaking initiative, fully operational in the southern New England states. Connecticut, Massachusetts and Rhode Island beginning in 2021. The program allows eligible community college graduates to transfer to participating four-year institutions – guaranteed admission.

Structured to align with existing government policy, the guarantee facilitates transfer regardless of sector. Community college graduates need only their associate’s degree and a minimum GPA to gain admission to participating institutions in their state. Additionally, admitted students are guaranteed that all of their hard-earned credits will be transferred to their bachelor’s degree program and they will be eligible for institutional scholarships that will increase their savings on that bachelor’s degree. Since transparency is a core value of the program, institutions are encouraged to clearly display information about the dollar amount of institutional rewards on their collateral web pages.

Originally funded by the Teagle Foundation and the Davis Educational Foundation, this project has gained additional support from the Arthur Vining Davis Foundations and the Balfour Foundation, who have pledged to help NEBHE extend the guarantee to the six New England states—a process it is currently in progress.

Who currently benefits from the guarantee? And, on the other hand, what groups of community college students might need additional information or resources to take advantage of this valuable opportunity?

Based on our team’s analysis of student-level data for the 470 unique students who transferred through the Guarantee between Spring 2021 and Spring 2022, here’s what we know:

  • Ensure students have an impressive track record of academic achievement. Participating colleges and universities agree to a minimum GPA requirement in the Memorandum of Understanding that they must sign before they officially begin accepting guaranteed students. Participating institutions choose from the following options: 2.0, 2.5 or 3.0. Of the 406 students for whom a community college GPA was reported, only 3% transferred with a GPA below 2.5. The average community college cumulative GPA for guaranteed students between Spring 2021 and Spring 2022 was 3.33, which is well above the highest GPA threshold that participating institutions can select.
  • Ensure that students regularly receive significant institutional scholarships. One of the main innovations of this initiative is the way it opens up the possibility of granting substantial institutional scholarships to transfer students from community colleges. As it was Previously reported, ensure that students who enrolled between Spring 2021 and Spring 2022 received, in sum, well over $4.5 million in scholarships and institutional grants ($4,566,131, to be precise). NEBHE’s inaugural warranty registration report, hyperlink here, provides additional details at the state level, not only average scholarships for full-time students, but also minimum and maximum dollar amounts for scholarships. With maximum rewards in Connecticut, Massachusetts, and Rhode Island amounting to approximately $34,000, $57,000, and $20,000, respectively, it seems clear to us that institutions are taking the emphasis of the guarantee very seriously. on affordability.
  • Guaranteed students tend to enroll full-time when transferring to participating institutions. Because of strong association between full-time enrollment and desirable vertical transfer outcomes, it was reassuring to see that more than three-quarters (77%) of students secured in this first reporting period were already enrolling full-time. The compilation of the first warranty registration report also revealed state-specific areas of variability on certain data points, registration status being one of them. Although the full-time enrollment rate across the program is quite high, it actually exceeds 90% in Connecticut and Rhode Island; the tri-state rate is significantly affected by the Massachusetts outlier, where 31% of all guaranteed students are enrolled part-time.
  • Guaranteed students are, in many ways, diverse. All community college students trend on the older side, and secured students analyzed in this first enrollment report a similar pattern, with a median age of 26 (with some notable variations based on full-time versus part-time enrollment status). Perhaps more interestingly given the image of particularly independent New England institutions as very white, 44% of this group of guaranteed students were identified as BIPOC in data from participating institutions submitted to the NEBHE for quarters of the spring 2021 to spring 2022.

Over the next few months, Emily and I will work to make actionable sense of these high-level descriptive statistics.

Statistics such as the cumulative community college GPA will help us as we seek to build buy-in for the program among administrators, faculty, and staff who may not be as familiar with community college transfer students. Mitigating pernicious biases regarding the academic preparation of community college graduates can go a long way toward creating campus cultures defined by what Dimpal Jain et al. could qualify “receptiveness to transference.”

The results related to the amounts of institutional scholarships will allow us to start generating documents presenting the approximate savings that students can expect by obtaining their bachelor’s degree through the guarantee rather than entering directly into a bachelor’s degree program. Since the sticker price still dominates transfer advice conversations, being able to show how much institutions give in scholarships will go a long way in communicating the savings associated with earning a bachelor’s degree through the guarantee. For an even deeper picture of affordability, Emily and I will likely need to apply for access to federal grants and loans that complement these institutional scholarships for guaranteed students.

This data analysis, and the report in which it is presented in full, marks the beginning rather than the end of our team’s work.

Sarah Kuczynski is Assistant Program Manager for Transfer Initiatives at the New England Board of Higher Education. Emily Decatur is Senior Program Manager for Transfer Initiatives at NEBHE. For more information on NEBHE’s New England Transfer Guarantee, Click here.

Financial watchdog would have better access to SA firm documents under proposed law change Wed, 16 Nov 2022 06:47:10 +0000

South Australia’s independent financial watchdog is said to have greater access to cabinet documents under new laws introduced in state parliament by the opposition.

Last month, Auditor General Andrew Richardson revealed his request to see cabinet papers linked to $133 million in grants for local sport and community infrastructure had been rejected by the South Australian government.

Under the proposed legislative changes, Opposition Leader David Speirs said the current government would not be able to refuse such requests and the measures would be retroactive.

“It is increasingly the standard that is being set for the level of independent scrutiny and scrutiny of government decision-making and cabinet decision-making,” Mr. Speirs said.

In October, the Western Australian government introduced similar legislation in its parliament.

When asked at a parliamentary hearing last week whether South Australia should follow suit, Mr Richardson said ‘yes’.

“There shouldn’t be anything to hide here. It will increase transparency,” Mr Speirs said.

“Most importantly, it will increase community confidence that the government is relying on the right evidence and following the right principles and processes in order to make sound decisions.”

Opposition Leader David Speirs says there should be nothing to hide. (ABC News)

With the current process, it is up to the Prime Minister to give final approval to any request from the Auditor General to see current cabinet documents.

When previously asked why he denied Mr Richardson the opportunity to see the records, Prime Minister Peter Malinauskas cited Cabinet confidentiality as the reason, adding that it was a principle “that, in our view, deserves to be preserved”.

Transport and Infrastructure Minister Tom Koutsantonis did not believe it was possible to change the laws.

‘The Westminster system is based on the election of a cabinet which can have its deliberations only for members of the cabinet,’ he said today.

“They [the Liberals] have been in government for four years. And when they were in power for four years, just six months ago, they didn’t make these legal changes.”

In his annual report, Mr. Richardson found that decisions about the two grant programs were made outside of the public sector framework and that there were no government documents that capture the assessment processes used to determine the beneficiaries or the value of the grants.

A sign for the SA Office of Recreation, Sport and Racing sits outside a building
The SA Office of Recreation, Sports and Racing says it has not assessed the $84 million in sports club upgrade grants allocated in the state budget.(ABC News: Ben Pettitt)

In June, ABC News first reported how the new Labor government used grants in the state budget to pay for $84.4 million in upgrades promised ahead of the national election.

The vast majority of the funds went to projects in electorates held or targeted by Labor in the March election, prompting accusations of bullshit and questions about a potential conflict of interest.

The government department that usually assesses these grants was also bypassed after Labor took office.

Needed crossbench support

The Opposition Reform Bill has made it to the Legislative Council, where the Liberals need cross-support for it to pass.

Greens MLC Robert Simms said it was “very concerning” that the auditor general was denied access to the documents.

“The Greens will be looking closely at what the opposition is offering here,” Mr Simms said.

“More transparency is always a good thing. Sunlight is the best disinfectant.”

A man with a 3 day beard and short hair
Greens MLC Robert Simms says more transparency is a good thing.(ABC News: Che Chorley)

ABC News understands that SA Best has not yet been notified of the bill.

Even if the opposition can find a way to get the bill passed through the upper house, it is unlikely to make it through the House of Assembly, where the government has a comfortable majority.

In a parliamentary hearing, Mr Richardson said he requested 178 cabinet documents under the previous government.

A total of 154 documents were received in full, while another 24 were refused or not received.

His requests for seven documents from the current government have all been denied.

The truth about payday loans Tue, 15 Nov 2022 19:09:33 +0000

Payday loans are a controversial topic. Some people see them as a lifeline in times of need, while others see them as a dangerous way to trap people in a cycle of debt. So what’s the truth about payday loans? In this blog post, we’ll explore the pros and cons of payday loans. We’ll discuss the potential risks and benefits of taking out a payday loan, as well as some alternatives to consider. Check payday loans – FlashApply.

What is a payday loan?

Payday loans are short-term, high-interest loans that are usually due on the day of your next payday. These loans can be very expensive, with fees and interest rates that can add up quickly. Payday loans can also be very dangerous, as they can lead to a cycle of debt that is difficult to break.

If you’re considering taking out a payday loan, it’s important to understand the risks involved. Payday loans can be an expensive form of credit, and they can also put you at risk of falling into a cycle of debt. Before taking out a personal loan, make sure you fully understand the costs and risks.

How do payday loans work?

When you take out a payday loan, you’re essentially borrowing against your next paycheck. The loan is usually due on the day of your next payday and the amount you can borrow is based on the amount of money you expect to receive. Payday loans are generally short term loans and as such they usually have high interest rates.

In most cases, you will need to provide the lender with a post-dated check or authorization to withdraw funds from your bank account on the day the loan is due. If you don’t have the money in your account to cover the loan by the due date, the lender may attempt to cash the check or withdraw funds from your account, which could result in overdraft charges.

Payday loans are generally meant to be used for short-term financial needs and are not meant to be a long-term solution. If you regularly need to take out payday loans, it may be a good idea to explore other options, such as credit counseling or debt consolidation.

How to get a payday loan

If you’re considering taking out a payday loan, there are a few things you need to know. Payday loans are usually small, short-term loans that are used to cover unexpected expenses or to tide someone over until their next paycheck. It’s usually easy to qualify and get in quickly, making it an attractive option for those who need cash fast. However, payday loans come with high interest rates and fees, which can make them difficult to repay. Plus, defaulting on a payday loan can result in costly penalties and hurt your credit score.


Although payday loans may seem like a quick and easy solution to your financial problems, they may actually cost you more in the long run. The high interest rates and fees associated with payday loans can leave you in a cycle of debt that is hard to get out of. If you’re considering taking out a payday loan, make sure you understand all the terms and conditions before you sign anything. You may be better off finding another source of financial assistance.