african community – SADC Tribunal http://sadc-tribunal.org/ Mon, 21 Nov 2022 16:32:47 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sadc-tribunal.org/wp-content/uploads/2021/08/favicon-1.png african community – SADC Tribunal http://sadc-tribunal.org/ 32 32 The Costs and Benefits of Brand Building https://sadc-tribunal.org/the-costs-and-benefits-of-brand-building/ Thu, 17 Nov 2022 13:24:05 +0000 https://sadc-tribunal.org/the-costs-and-benefits-of-brand-building/ We often think of brand building as a “big business” concern. Take for example the recent Buyout of Whole Foods by Amazon for $13.7 billion. Should Amazon put its stamp on Whole Foods outlets? But branding issues arise even more frequently with small and medium-sized businesses. A medical firm takes over or merges with another, […]]]>

We often think of brand building as a “big business” concern. Take for example the recent Buyout of Whole Foods by Amazon for $13.7 billion. Should Amazon put its stamp on Whole Foods outlets? But branding issues arise even more frequently with small and medium-sized businesses. A medical firm takes over or merges with another, an industrialist buys another producer, or an accounting firm wants to rename itself for a fresh start.

From observing the do’s and don’ts of businesses in this space, as well as my personal experience with branding, I can say that there are many places to stumble and fall. A study found that only one in five brand consolidations succeeds.

Here, I review the pros and cons of consolidating small and medium brands and present the case of a successful serial consolidator in professional services. This provides some guidance on how you might proceed with any brand consolidation you might consider.

COMMERCIAL presence

Benefits: Big brands have a greater impact on the market. This equates to what is called ‘shared minds’, for example, if you think ‘accounting firm’, you may think ‘KPMG’. It’s the same thing for small businesses. For example, following the acquisition and rebranding of another practice, the Mistral Medical Center in Australia (not its real name) is now twice as large as before. Potential patients are more likely to be aware of its presence.

The inconvenients : But there is another side to this story that you might well consider. John is the CEO of a hands-on company that chooses not to consolidate brands after acquisition. Customers in this industry are resistant to change and distrustful by nature. They also feel loyal to the old brand and fear that their trusted contacts will change. Therefore, John’s business buys competitors and keeps every existing brand in place. He explains that “customers don’t know that when they buy the opposition’s product, they are contributing to our company’s bottom line.”

Another example of not the consolidating brands come from the cosmetics industry. L’Oréal is the largest cosmetics company in the world with an extensive brand portfolio. Part of its growth is the result of a decade-long series of targeted mergers and acquisitions. Some of the most recent include Modiface, Valentino and Takami Co, a Japanese dermatology company. The company resisted any pressure to streamline its 36 international brands preferring to focus on long-term profitable growth through its multiple brands.

Cost savings

Benefits: Today, maintaining a brand in professional services entails significant costs. This is largely driven by the demands of the internet and social media. The pressure to get your brand message “out there” and to “stay in people’s faces” is relentless. And that requires staff. Reducing brands produces layoffs, thereby reducing costs.

Rebecca is the marketing director of a law firm that has several branches nationwide. She explained what is involved in maintaining the company’s brand. She and her three employees update the company’s website, place Google and Facebook ads, send regular and informative “emailers” to customers, produce “socials” three to four times a week on LinkedIn, Facebook and Instagram – and so on. Keeping this for multiple brands would be time consuming, expensive and exhausting.

The inconvenients : Brand consolidation does not always lead to cost savings and can turn into lost revenue. If the revenue from the combined brands is lower than the revenue from the separate brands, you will find that you have made a costly mistake. This may be motivated by reputational damage caused by rebranding. Another less visible cost is related to employee dissatisfaction and the resulting demotivation. Brand consolidation can also lead to staff resignations.

Modernized image

Benefits: Trademarks can be consolidated when two marks are replaced by a third. It happened in professional services when Price Waterhouse and Coopers & Lybrand merged to become PwC – now one of the big four accounting firms. This is undertaken in some cases to signify a new beginning.

The inconvenients : This can backfire if you don’t bring existing customers and staff with you. Customers may end up losing track of old brands or not finding the new one or just not liking the change. A notorious example of this involved part of PwC — PwC Consulting. In an attempt to give a fresh start, the company announced that PwC Consulting would be rebranded on Monday. The name was meant to signify a fresh start for the week – fresh. The name change was ridiculed by the press, customers and staff. A few months later, PwC sold its entire advisory business to IBM.

Make the right choices

Let’s look at a serial brand aggregator as an example of how to deal with these issues and do things the right way. Gerry is the CEO and founder of a mid-range accounting firm that I will call Hutchison. It has 28 branches across Australia. Gerry’s growth approach has been twofold. First, to expand its existing branches and second to acquire other small accounting firms.

COMMERCIAL presence: Gerry has researched the accounting services market and found that his clients are not looking for a niche or emotionally nuanced brand. Instead, they choose prominence, stability, and a recognizable name. He sees no advantage in maintaining the marks of the practices he is taking over. “That would only complicate things,” he says.

It wants to signal a fresh start to existing customers and the market in general. As he says, “We take the bandage off right away. The change of website, for example, occurs on the first day of the new operation. But he takes great care to undertake the necessary preparatory work with staff and clients before doing so. Otherwise, research and other business examples tell us, things can go wrong.

Cost savings: The purchase of an accounting firm offers the acquired company centralized marketing, centralized telephone reception and reduced administrative staff, all with shared data processing. As Gerry explains, “Future growth is built around this idea.”

However, Gerry is aware that brand consolidation and cost savings can backfire on customers and staff leaving a business. Brand consolidation losses are recognized when the revenue of the two brands combined is lower than that of each brand before consolidation. So, as Gerry explains, “it’s important to watch for losses or gains.”

Gerry incorporates a “deferred payment” into any acquisition. Its acquisitions involve 80% of the purchase price paid at the time of settlement, with the remaining two tens being paid at 12 and 24 month intervals, if projected revenues are in line with forecasts. This covers any “leakage” as Gerry calls it.

Modernized image: Gerry’s third reason for consolidating the brands is to modernize the corporate image of old practices. But that doesn’t always go to plan, and Gerry knows it’s essential that he takes past clients with him.

He insists that customers be contacted verbally about any changes. It’s crystal clear that the key to retaining existing customers in brand building is having verbal contact. This, says Gerry, “should take place a month or two before the date of purchase of the cabinet. An e-mail or a letter will not suffice. Contact can be by phone or in person, but must be verbal.

In Gerry’s case, this task is undertaken by the practice owners of the acquired business. As he puts it, “the goal is to let clients know that there are changes coming, that the principles of the existing firm will remain and that clients will deal with Hutchison from now on. This verbal interaction, he continues, allays any fear that customers will not be taken care of or that service levels will decline.

In the case of staff, Gerry is particularly sensitive that they “be carefully informed”. The reason for this is that, in a service business, relationships are everything. “Clients usually have a personal, long-term relationship with a particular accountant or bookkeeper,” he explains. Managing staff concerns is critical, especially as Gerry’s cost savings lead to layoffs. “The repercussions of not managing these changes in an accounting practice, say in a rural town, can really affect the bottom line.”

Stay safe

My prescription particularly focused on the case of a professional services company and the consolidation of its brand. But these lessons can be applied to businesses in other industries just as easily. Remember though, as you go forward, failures outweigh successes.

Does that mean you should never consolidate brands?

Certainly not. But based on my personal experience and research that shows brand building failure is common, I suggest that if you are unclear about the benefits of brand building and how to go about it, you should leave things as they are.

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Booming segments of the debt consolidation market; Investors Seeking Eye-Catching Growth: Explore Personal Loans, Pacific Debt, OneMain Financial, Liberty Debt Relief https://sadc-tribunal.org/booming-segments-of-the-debt-consolidation-market-investors-seeking-eye-catching-growth-explore-personal-loans-pacific-debt-onemain-financial-liberty-debt-relief/ Mon, 14 Nov 2022 12:25:16 +0000 https://sadc-tribunal.org/booming-segments-of-the-debt-consolidation-market-investors-seeking-eye-catching-growth-explore-personal-loans-pacific-debt-onemain-financial-liberty-debt-relief/ The latest published Debt Consolidation Market Research has assessed the future growth potential of the Debt Consolidation Market and provides useful information 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 […]]]>

The latest published Debt Consolidation Market Research has assessed the future growth potential of the Debt Consolidation Market and provides useful information 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 Debt Consolidation market. The study includes analysis of market shares and profiles of players such as Marcus by Goldman Sachs (US), OneMain Financial (US), Freedom Debt Relief (US), National Debt Relief (US United States), Pacific Debt (United States). , Discover Personal Loans (US), Premier Debt Help (US), Lending Club (US), Payoff (US),

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Definition: Debt consolidation is a solution to overburdening consumers with credit card debt. Consolidation reduces costs by lowering the interest rate on debts and reducing monthly payments by merging multiple bills into one debt. There are two main types of debt consolidation, one is to take out a loan or enroll in a debt management program that doesn’t work.t include the loan. The first step towards debt consolidation is to calculate the total amount to be paid each month and then the average interest paid on these cards. The second step is to review the monthly budget and other necessities.

Market factors:

Increase in the number of financial institutions

Increase in credit card acquisitions

Market trends:

Increase in advertising campaigns for debt consolidations

Increase the number of online websites and applications

Market opportunities:

Increase in the number of bank credit card initiatives

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The Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, Israel, Egypt, etc.)

North America (United States, Mexico and Canada)

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Debt Consolidation Production, Revenue (Value), Price Trend by Type {Debt Consolidation With Loan, Debt Consolidation Without Loan,}

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Debt Consolidation Manufacturers Profiles/Analysis Debt Consolidation Manufacturing Cost Analysis, Supply Chain/Industry 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.

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Answers to key questions

How feasible is the debt consolidation market for a long-term investment?

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School consolidation plan presented to the School Board https://sadc-tribunal.org/school-consolidation-plan-presented-to-the-school-board/ Fri, 04 Nov 2022 11:00:00 +0000 https://sadc-tribunal.org/school-consolidation-plan-presented-to-the-school-board/ The recommendation to close 10 DPS schools was formally presented to the school board on Thursday evening. DENVER — The plan to close 10 schools in Denver is now in the hands of the school board. And some school board members are openly skeptical. The district is trying to address a problem of declining enrollment […]]]>

The recommendation to close 10 DPS schools was formally presented to the school board on Thursday evening.

DENVER — The plan to close 10 schools in Denver is now in the hands of the school board. And some school board members are openly skeptical.

The district is trying to address a problem of declining enrollment and last week announced proposed closures of middle and elementary schools.

Thursday evening, the complete plan has been officially presented publicly at a Denver Board of Education business meeting.

“As we all know, the issue of declining enrollment is not a new challenge for DPS,” said DPS Superintendent Dr. Alex Marrero.

“Last year, the council directed the district to reconsider this issue and passed the Small School Resolution. As a result, DPS created the Declining Membership Advisory Committee which reaffirmed the need for the district to consolidate schools.

The district says enrollment is down, reporting declines of more than 6,000 students over the past 5 years. During his presentation, Dr. Marrero points to Denver’s tough housing market, gentrification, and declining birth rates. The DPS expects enrollment to drop by the thousands more in the coming years.

As a result, the neighborhood says he’s lost $61 million a year in taxes that fund schools and expects another $36 million to be lost over the next few years.

RELATED: Latino education leader reacts to proposed DPS school closures

The 10 schools on the closing list has less than 215 students. The district provided the following information on the consolidations:

  • Colombian elementary school will merge with Trevista in Trevista
  • Palmer Elementary School will unify with Montclair School of Academics and Enrichment K-5 grades in Montclair and ECE in Palmer
  • Mathematical Sciences Leadership Academy (MSLA) will unify with Valverde Elementary in Valverde
  • Schmitt Elementary School will unify with Godsman Elementary at Godsman
  • Eagleton Elementary School will unify with Cowell Elementary in Cowell
  • Fairview Elementary and Colfax Elementary will unify with K-5 classes in Cheltenham and ECE in Colfax
  • Denver International Academy at Harrington will unify with Columbine Elementary and Swansea Elementary in a new enrollment area with Columbine and Swansea
  • Denver Discovery School will unify with schools in the Greater Park Hill – Central Park enrollment area
  • Whittier K-8 will unify with schools in the Greater Five Points Elementary Enrollment Area and Near Northeast Middle School Enrollment Area

The school board acknowledged the hard work of the district to develop the plan, but also expressed concerns about the process. Several expressed concerns about moving too quickly, why some schools were recommended for closure while others were not, and how fortunate the community was to get involved.

“I’m still trying to figure out how we’re going to get through here,” said Auont’ai Anderson, the council’s vice chairman. “How we can defend our process. Because we asked our communities to do this song and dance, show us that you are worthy, it’s up to us 7 now. Do this and you may be able to save your school.

“When we continue to say that we haven’t, on a variety of topics, had direct conversations with the affected community, until we’ve presented the plan, that’s led by the district. , it’s not community-driven,” board member Scott Esserman said. .

Both Anderson and board member Michelle Quattlebaum said they could not support the current recommendation. Several board members floated the idea of ​​finding a different solution, even suggesting that the board repeal the small schools resolution.

RELATED: National tests show Colorado students struggling after pandemic

“No one around the table disputes that we have to do something, in terms of an educational experience and we all have a fiduciary responsibility,” Dr. Marrero said.

“In the absence of a resolution, a good team, a good management team is going to bring this to the board. It puts pressure, no doubt, it calls for a quick response. In the absence of that , there would have been some sort of presentation at one point, ‘Okay, we need to size the district right.'”

Thursday’s meeting was just a working session, the final vote on the plan is scheduled for November 17. DPS is holding a special public comment meeting for community members before that, Monday, November 14 to discuss the school consolidation proposal.

SSUGGESTED VIDEOS: Latest news from 9NEWS

https://www.youtube.com/watch?v=videoseries

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The Great Wave of Mortgage Bank Consolidation Is Underway https://sadc-tribunal.org/the-great-wave-of-mortgage-bank-consolidation-is-underway/ Thu, 03 Nov 2022 16:02:08 +0000 https://sadc-tribunal.org/the-great-wave-of-mortgage-bank-consolidation-is-underway/ A mortgage M&A expert estimates that of the roughly 130 IMBs that made $1-2 billion for production in 2021, 17% won’t even be able to make $500 million in the next few months. 12 months ending June 30, 2023. Up to 30% of the 1,000 largest independent mortgage banks are expected to disappear by the […]]]>
A mortgage M&A expert estimates that of the roughly 130 IMBs that made $1-2 billion for production in 2021, 17% won’t even be able to make $500 million in the next few months. 12 months ending June 30, 2023.

Up to 30% of the 1,000 largest independent mortgage banks are expected to disappear by the end of 2023 via sales, mergers or bankruptcies following the double whammy of inflation and still-rocking interest rates. rise.

This is the projection offered by Brett Ludden, general manager of Sterling Point Advisorsa Virginia-based mergers and acquisitions (M&A) advisory firm.

“We have a number of buy-side and sell-side clients and an even larger stable of industry owners and CEOs that we speak to on a regular basis,” Ludden said. “The outlook is not good for the industry’s large cohorts.”

This is especially true for Independent Mortgage Banks (IMBs) which have been overly dependent in recent years on refinancing production. The Mortgage Bankers Association (MBA) project refinance volume will be down 24% next year, compared to 2022, to $513 billion – and that’s after falling $2.6 trillion in 2021.

Sterling’s outlook for industry consolidation is even more dire than a recent projection offered by Tom Capasse, managing partner and co-founder of the New York firm. Cascading asset management, a global alternative investment manager with some $11 billion in assets under management. Capasse, working from a much broader base of IMBs, including many other smaller lenders beyond the larger 1,000, predicts that approximately 20% of the IMB segment will disappear via sales, mergers or bankruptcies within the next 18 months to two years.

“Lenders who turn their full attention to refinancing when that activity skyrockets are reaping huge profits,” said Garth Graham, senior partner and head of M&A activity for the Stratmor Group, a Colorado-based mortgage advisory firm. “But the tide always turns eventually, and when it does, many of these lenders struggle to stay afloat.

For small lenders who were making $125 million to $250 million in 2021 [a 14% slice, or some 140 IMBs]72% [about 100] will make less than $125 million over the next 12 months [ending June 30, 2023].

Brett Ludden, managing director at Sterling Point advisors

“We’re seeing a lot of that this year, and it’s definitely going to continue into 2023. … Purchase loans are just harder to market and convert, harder to process, and they drive lower revenue and higher expenses. .”

Stratmor predicts that by the end of the year, nearly 50 M&A transactions involving IMBs will have been announced or closed. That’s a 50% increase from 2018, “the next highest year of lender consolidations in three decades,” according to a recent report. Stratmor Report States.

Is it time to eat the minnows?

Consolidation fervor is fueled by several factors, according to David Hrobon, principal at Stratmor. These include the following: IMB performance this year, on average, it is almost the break-even point; origination volume is expected to fall 50% this year from 2021 levels and even more next year; and “net production income is trending towards its lowest point since 2018”.

“It’s taken us a number of years to get to this point, fueled largely by the Federal Reserve’s policy of keeping federal funds rates at or near zero,” said Bill Shirreffs, senior director and head of MSR services and sales operations in California. Mortgage capital negotiation (MCT). “Current market conditions have also been affected by the fact that the Treasury has been actively buying MBS [mortgage-backed securities] to maintain the stability of capital markets.

“Both of these actions have created artificial demand which, when removed, results in dramatic market corrections. This is what we are experiencing right now, a market correction, and therefore it could take years for things to normalize.

To better illustrate what’s happening in the mortgage industry, Sterling’s Ludden has provided mortgage origination estimates for the top 1,000 IMBs, broken down by production tranches.

We are likely in the early innings of a clean-up exercise on housing finance, not banking [IMB] side.

Leon Wong, Partner at Waterfall Asset Management

For calendar year 2021, Sterling estimates that 38% of the top 1,000 IMBs, or about 380, had mortgage production of $250 million or less. For that same group of 1,000 IMBs, in the 12 months ending June 30, 2023, about 54%, or about 540, are expected to have mortgage production of $250 million or less.

“For small lenders that were making $125 million up to $250 million in 2021 [a 14% slice, or some 140 IMBs]72% [about 100] will make less than $125 million over the next 12 months [ending June 30, 2023]Ludden said as he further broke down the production change. “They just won’t have enough scale to be able to break even, and there’s not enough cost to cut and, most importantly, these small businesses don’t have the cash and equity of large companies.”

The same downward shift in production applies to the top of the loan production scale.

For the whole of last year, 33% (about 330) of the top 1,000 IMBs had loan production of $1 billion or more – with 20% (about 200 of 330) seeing $2 billion in loan production. mortgages or more, according to Ludden. For the 12 months to June 2023, only 18% of the largest IMBs (or around 180) are expected to have production of $1 billion or more – with 10% of them (or around 100 out of 180) at 2 billions of dollars in loan production or greater.

“Of the [13%, or roughly 130] companies that made $1 billion to $2 billion for production in 2021,” Ludden said, “…17% of them won’t even be able to make $500 million [over the 12 months ending June 30, 2023].”

Ludden added that consolidation in the IMB space over the next year is expected to reach 30%, which means nearly a third of the top 1,000 IMBs are expected to merge or disappear by the end of 2023.” And names that will disappear from corporate records, about a third [roughly 100] will go bankrupt and two-thirds [about 200] will merge.

The big hub?

Despite the dire outlook, some will take advantage of the consolidation period, according to several market watchers.

This could be the time when many long-time, small to medium-sized originators are looking to sell their lending platform or a joint venture with the right partner to help them through these toughest times.

Tom Piercy, Managing Director of incenter Mortgage Advisors

Leon Wong, a partner at Waterfall Asset Management, said at this point “we’re probably in the early innings of a clean-up exercise on housing finance, the non-bank originator [IMB] side.”

“We are really focusing on non-bank originators who have to solve their liquidity problems on their own over the next two years,” he added. “A solution to this could be to increase two additional asset classes – like HELOC [home-equity lines of credit] and second mortgages, or reverse mortgages.

In fact, some of that is already happening, according to Sterling’s Ludden.

“Several lenders are telling us they just don’t have the ability to continue, and some are telling us they are closing, while others are desperately trying to cut costs even beyond what I think is probably achievable cost reduction,” Ludden explained. “A small East Coast lender has within the past two months obtained its California license and is now focused almost exclusively on high-cost operations. reverse mortgage transactions in California because that’s the only way they think they can potentially survive without having to go out of business.

Tom Piercy, chief executive of the Colorado-based company Incenter Mortgage Advisorssaid the outlook for the housing industry in general “is poor for the foreseeable future.”

“[However,] this could be very good for companies that are well positioned on their balance sheets – meaning lower debt ratios and strong cash or liquid assets, and profitable retail set-ups,” he added. “They will see the opportunities expand.”

For others, he said, “this could be the time when many long-time, small to medium-sized originators are looking to sell their lending platform or a joint venture with the right partner who helps them through these most difficult times”.

Andrew Rhodes, senior director and head of transactions at MCT, said there was no doubt the mortgage market would consolidate, but stressed it was after “record profits and boom years”.

“Optimistic and well-prepared companies are beginning to see opportunities to recruit key personnel and prepare for a [future] refinance the boom when rates eventually drop,” Rhodes said.

The MBA estimates there will need to be up to a 30% decrease in employment in the mortgage sector “from peak to trough”, given the expected decline in production volume compared to the bull years of 2020 and 2021 Still, the MBA offers some hope that a new normal on the interest rate front will emerge by the end of 2023.

“Inflation will gradually decline towards the The Fed’s 2% target by mid-2024,” said MBA Chief Economist Mike Fratantoni.

The Fed-induced spike in interest rates is also subject to market gravity.

“After more than doubling so far in 2022 [recently topping 7%]MBA’s baseline forecast calls for mortgage rates to end next year at around 5.4%,” predicts recent MBA Mortgage Market Forecast.

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Intel CEO Pat Gelsinger on potential layoffs, the ‘unpredictable’ economy and consolidation in the chip market https://sadc-tribunal.org/intel-ceo-pat-gelsinger-on-potential-layoffs-the-unpredictable-economy-and-consolidation-in-the-chip-market/ Mon, 31 Oct 2022 20:49:00 +0000 https://sadc-tribunal.org/intel-ceo-pat-gelsinger-on-potential-layoffs-the-unpredictable-economy-and-consolidation-in-the-chip-market/ News Components & Peripherals Shane Snider October 31, 2022, 4:49 p.m. EDT Intel CEO Pat Gelsinger spoke about everything from potential layoffs following tough and unpredictable macroeconomic conditions to what he hopes will be “further consolidation” in the chip market. Intel CEO Pat Gelsinger said the chip […]]]>

News Components & Peripherals

Shane Snider

Intel CEO Pat Gelsinger spoke about everything from potential layoffs following tough and unpredictable macroeconomic conditions to what he hopes will be “further consolidation” in the chip market.





Intel CEO Pat Gelsinger said the chip giant faces tough times amid a turbulent macroeconomic environment.

“Macroeconomics [situation is] unpredictable, tough market. … It’s just hard to see good news on the horizon – inflation in the United States, the situation in Europe with energy and war, and in Asia,” Gelsinger said after Intel reported a 59% drop in net profit to $2.4 billion from a 15% drop in sales to $15.3 billion for its fiscal third quarter ended Oct. 1. “So in that context, we’re still looking to have economic headwinds early next year.”

That said, Gelsinger said he remains optimistic about the company’s IDE 2.0 turnaround plan that ties Intel foundries tightly to designing ICs for Intel and its foundry customers. This model establishes consistent processes, systems, and safeguards across business units, design, and manufacturing teams.

“We are staying true to strategy by making cost adjustments and trying to balance the market outlook as we gain share in some segments and fight for share in other segments,” he said. said Gelsinger. “I was very pleased with how the team improved our execution in a really, really tough environment.” Here’s a look at what Gelsinger had to say about the tough times ahead and how he expects Intel to weather the storm.

    Learn more about Shane Snider

Shane Snider

Shane Snider is an associate editor covering personal computing, mobile devices, semiconductor news, hardware reviews, breaking news and live events. Shane is a seasoned journalist, having worked for newspapers in upstate New York and North Carolina. He can be contacted at ssnider@thechannelcompany.com.


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Tron’s Price Action Set For A Breakout As Consolidation Approaches Critical Point https://sadc-tribunal.org/trons-price-action-set-for-a-breakout-as-consolidation-approaches-critical-point/ Tue, 25 Oct 2022 14:16:00 +0000 https://sadc-tribunal.org/trons-price-action-set-for-a-breakout-as-consolidation-approaches-critical-point/ Tron’s price action has seen its volatility drop significantly since last week. TRX price action looks set for a breakout as bears and bulls push towards each other. Expect a bearish outcome as price action slides below a key moving average. Tron (TRX) price action sees the bulls trying to hold price action above the […]]]>
  • Tron’s price action has seen its volatility drop significantly since last week.
  • TRX price action looks set for a breakout as bears and bulls push towards each other.
  • Expect a bearish outcome as price action slides below a key moving average.

Tron (TRX) price action sees the bulls trying to hold price action above the monthly pivot at $0.06. However, their efforts could be wasted if they cannot push the price action above the 55-day simple moving average (SMA). Overall, the bears and bulls are trading closer to each other in a showdown, which means consolidation is underway and a breakout is expected at any time.

TRX price consolidates as the worst possible place

Consolidating Tron price action is not a bad thing for traders as it is usually followed by a volatile breakout. What normally happens is that intraday volatility begins to decline, and a breakout occurs once the bears or bulls take over. Seeing the positioning right now, the ball is in the to research bears.

TRX Price Action Consolidates With The 55-Day SMA acting like a rising ceiling. Price action is pushed lower towards the monthly pivot at $0.061, which is expected to crack below pressure. Given the two above, a break down is likely to be the result of this consolidation, towards $0.059 or even $0.058.

TRX/USD daily chart

With the ensuing consolidations and breakouts, results is often quite binary. In this situation, it could also be that the bulls are pushing the price action higher. This could signify a break above the 55-day SMA and $0.062, with a rally towards around $0.065 at this month’s R1 monthly resistance level.

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Fluence Technologies Named #1 in Dresner Advisory Services Financial Consolidation, Close Management and Financial Reporting Market Research https://sadc-tribunal.org/fluence-technologies-named-1-in-dresner-advisory-services-financial-consolidation-close-management-and-financial-reporting-market-research/ Tue, 25 Oct 2022 13:33:46 +0000 https://sadc-tribunal.org/fluence-technologies-named-1-in-dresner-advisory-services-financial-consolidation-close-management-and-financial-reporting-market-research/ Content of the article Fluence ranks first out of 13 vendors in 2nd Annual Report Content of the article TORONTO — Fluence Technologies, the only provider of financial consolidation, close and reporting software specifically designed for high-growth companies, announced today that it has ranked number one in the 2022 Market Study of Dresner Advisory Services […]]]>

Content of the article

Fluence ranks first out of 13 vendors in 2nd Annual Report

Content of the article

TORONTO — Fluence Technologies, the only provider of financial consolidation, close and reporting software specifically designed for high-growth companies, announced today that it has ranked number one in the 2022 Market Study of Dresner Advisory Services on financial consolidation, closing management and financial reporting.

Financial consolidation systems combine and aggregate financial data from multiple operating entities to produce an overall consolidated financial view of group operations. Close management systems allow the finance function to control and manage the book closing process on a monthly, quarterly, semi-annual and annual basis. Financial reporting solutions are analysis and reporting tools for financial users. The FCCR (Financial Consolidation, Close Management and Financial Reporting) market study examines the current use and planned deployment of these systems and solutions.

Content of the article

The study, part of Dresner’s Wisdom of Crowds® research series, named Fluence a leader in the area of ​​financial consolidation, close and reporting, using a number of criteria for solutions. financial consolidation, close management and financial reporting.

“We congratulate Fluence on its 1st place in our 2nd annual FCCR Market Study,” said Howard Dresner, Founder and Director of Research at Dresner Advisory. “Our expanded coverage and ongoing research aims to fill the knowledge gap that exists in the market regarding the needs of FCCR and the technology requirements of the finance office.”

Fluence’s cloud-native solution empowers finance teams, streamlines collaboration, and accelerates return on investment with out-of-the-box delivery, easy-to-configure workflows, and enterprise-ready features designed for businesses at high increase.

“Finance’s technology needs continue to evolve and Fluence is proud to be at the forefront of modernization,” said Michael Morrison, CEO of Fluence. “Leading companies leverage our solution to reduce time to close by 90%, and Dresner’s ranking further validates the power of the Fluence platform.”

For a copy of Wisdom of Crowds Financial Consolidation, Close Management and Financial Information Market Research, visit here.

About Fluence

Fluence is the only pure-play financial consolidation, close and reporting software for high growth companies. Our clients go live in weeks, close their books in days, and report real-time insights. We deliver breakthrough efficiencies and reliable, timely numbers to over 900 clients so they get the time, control and confidence they deserve. Fluence is out-of-the-box, no-coding software with a full Excel interface and enterprise-grade features for immediate adoption and rapid ROI, all in a truly finance-owned solution. Welcome to Fluence… we close early.

About Dresner Advisory Services

Dresner Advisory Services was founded by Howard Dresner, independent analyst, author, speaker and business consultant. Dresner Advisory Services, LLC is focused on creating and sharing thought leadership for Business Intelligence (BI), performance management and related fields.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20221025005268/en/

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contacts

Marisa Ruffles
Fluence Technologies
mruffles@fluencetech.com

#distro

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DPS considers school consolidation amid declining enrollment https://sadc-tribunal.org/dps-considers-school-consolidation-amid-declining-enrollment/ Fri, 21 Oct 2022 15:22:45 +0000 https://sadc-tribunal.org/dps-considers-school-consolidation-amid-declining-enrollment/ Faced with declining enrollment, the state’s largest school district is considering consolidating some schools. The dilemma facing Denver public schools is one that many districts face. At this point, the DPS is only considering a possible consolidation of elementary and middle schools, including charter schools. The list of recommendations should come out in the next […]]]>

Faced with declining enrollment, the state’s largest school district is considering consolidating some schools.

The dilemma facing Denver public schools is one that many districts face.

At this point, the DPS is only considering a possible consolidation of elementary and middle schools, including charter schools. The list of recommendations should come out in the next week or two.

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“While painful, and we understand that, it’s best for students,” said Scott Pribble, director of external communications at DPS.

As the metro area grows, Denver’s classrooms are shrinking, largely due to rising housing costs and falling birth rates, a DPS report found earlier this year. Over the next four years, the district expects another drop of 3,000 students, which will cost $36 million per year in per-student funding.

“If we were to absorb this financial hit, we might be able to keep all of our schools open, but we wouldn’t be able to provide all the necessary services at every school,” Pribble said.

These services include building mental health support, social work and special education services,” Pribble said. This is why consolidation is on the table and a group is currently working on recommendations for the board.

The criterion for a school to be recommended for consolidation include low enrollment and financial insolvency. Equity will also be an important factor.

Schools considered for consolidation will learn in the coming days. The district will then hold community meetings at schools before the board votes on the closures at its November meeting.

“We know this is going to cause some people heartache,” Pribble said. “But trust that we’re only doing this because we know it’s best for students, so they can get the best education and support they need to succeed.”

Parent and community leader Vernon Jones Junior remembers the pain caused by past consolidations and said he felt this process was rushed.

“In a two-week window, are you going to cram into thoughtful dialogue?” asked Jones. “I think we need to stop this as a district. We need to start saying dialogue is important, and if dialogue is important, we need to prioritize it, not at the end when we’re rushing to make a decision, but from the start.”

Without prioritizing this dialogue, Jones worries that students and parents will end up paying.

“Let’s be transparent about our current situation,” Jones said. “Let’s be transparent about where we need to go, why we need to go there, and make the best decisions with school communities rather than school communities.”

Once the recommendations are issued and the board votes, the schools chosen for consolidation will close before the next school year. Students can be automatically enrolled in the school with which their school is merged, or they can make an enrollment choice for another school.

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Will Consolidation Save Florida’s Insurance Market After Record… https://sadc-tribunal.org/will-consolidation-save-floridas-insurance-market-after-record/ Mon, 17 Oct 2022 09:58:41 +0000 https://sadc-tribunal.org/will-consolidation-save-floridas-insurance-market-after-record/ Hurricane Ian, the Category 4 storm that recently swept through Cuba, Florida and the Carolinas, is proving to be the most destructive in Florida history. With 105 of the 113 confirmed death having taken place in the Sunshine State, Ian is the deadliest storm to hit Florida in nearly 100 years. It is also shaping […]]]>


Hurricane Ian, the Category 4 storm that recently swept through Cuba, Florida and the Carolinas, is proving to be the most destructive in Florida history. With 105 of the 113 confirmed death having taken place in the Sunshine State, Ian is the deadliest storm to hit Florida in nearly 100 years. It is also shaping up to be one of the most devastating hurricanes in US history, with estimates putting the total economy damage to more than 100 billion dollars in the southeast of the country.

In addition to this immediate destruction of life and property, there is also the long-term damage to farmland essential to America’s food supply. Florida is a key food source for the United States, producing everything from vegetables and livestock to dairy, fruit and honey. Ian’s devastation of huge tracts of farmland and his Hourly during the planting season will make its catastrophic effects felt long after it has passed.

There could hardly have been a worse time for such a blow to food production. Around the world, the price of even the most basic commodities is skyrocketing, fueled by widespread droughts, war in Europe and global financial chaos. In some cases, like Florida’s notorious orange growing industry, Ian’s effects will be added to an existing list of problems. Before the storm, Florida was already delivering its the smallest harvesting oranges since World War II due to the ravages of “citrus greening,” a bacterial infection that sends shivers down the spine of the 76,000 Floridians whose jobs depend on growing oranges.

In recent years, such examples of collapsing production have gone from rare exceptions to the norm, leading some to question the long-term viability of food production in Florida.

The woes of insurance

Americans may be wired against such pessimism, but foreigners observers argued that the storm could well spell the end of Florida as an attractive destination for living and investing. The frequency with which catastrophic natural events affect the state has soured its housing market, once so attractive to millions of retired Americans, and made property insurance a headache. Expecting more claims than in other parts of the country, insurers have raised both the prices and the requirements of their policies, making insurance in Florida difficult to obtain and expensive to maintain.

Last year alone, insurers had to pay almost a billion dollars in claims against Floridians, which was more than the previous two years combined. Those sums will be completely eclipsed this year, with the industry looking at a $63 billion bill, a staggering an amount that is sure to drive some businesses out of business. In fact, Ian will only accelerate a trend already underway: since the beginning of 2020, a dozen Florida insurers have closed shop, with half of those defaults coming in 2022.

Consoli marketdonation

While Florida’s insurance industry woes are likely to continue, too gloomy forecasts may prove premature. Yes, insurers are struggling to adapt quickly to a new risk environment dominated by the effects of climate change. Increasingly frequent and severe extreme weather events, crop-devastating droughts and wildfires, and a generally more hostile environment are quickly becoming a reality that many insurance companies are simply not equipped for.

However, the insurance industry is unlikely to fail completely. After all, people need insurance now more than ever to navigate this new normal. It is more likely that the insurance market will readapt to new conditions through a wave of consolidations. This will create a market in which a smaller number of larger players will be better equipped to meet the needs of their customers, as well as withstand shocks such as Hurricane Ian.

This consolidation trend is already visible around the world, where a number of high-profile insurance mergers and acquisitions in recent years suggest that such a wave of consolidation is well underway. French mutual insurance giant Covéa, for example, acquired reinsurance firm PartnerRe over the summer at a price close to the €8 billion mark. Discuss the acquisitionCovéa CEO Thierry Derez specifically cited the new challenges posed by climate change as the reason for the move, with industry commentators pointing to the merger as Covéa’s way to ensure its sustainability. stability in a sector shaken by insecurity and volatility. And given the historic and financially devastating hailstorms and droughts that hit its home market, France, last summer, Covéa’s acquisition of PartnerRe underscores how mutual players need to work together at scale. to deliver the secure and comprehensive coverage customers need in this challenging new reality. .

The Italian insurer Generali is also looking to move, announcing a month ago it is currently in talks with US investment firm Guggenheim, hoping to acquire its asset management business. In India, the life insurance business experienced a significant merger between Exide Life Insurance and HDFC Life which should significantly expand the portfolio of the new conglomerate at a time when experts see no signs of the consolidation trend slowing down.

Sink or swim

The 21st century has brought huge changes to the insurance industry. The effects of climate change are no longer a threat to the future, but a constant danger of the present, as proved this year by Hurricane Ian on one side of the Atlantic and the hottest summer in the European history on the other. An insurance industry that still operates by old-world rules needs a serious overhaul.

For Florida, there is therefore still hope: the home insurance market was a disorder before Ian because many smaller players were unprepared for the intensity and frequency of modern natural disasters. However, this disaster could be the trigger for a profound evolution and transformation of the entire sector. The world has changed, the insurance industry must change with it.



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A Guide to Federal Direct Student Loan Consolidation https://sadc-tribunal.org/a-guide-to-federal-direct-student-loan-consolidation/ Wed, 28 Sep 2022 07:00:00 +0000 https://sadc-tribunal.org/a-guide-to-federal-direct-student-loan-consolidation/ Borrowers with multiple federal student loans may struggle to keep up with multiple payments per month. [IMAGE]… Borrowers with multiple federal student loans may struggle to keep up with multiple payments per month. [IMAGE] To streamline the process, borrowers have the option of consolidating some or all of their student loans in one. Rather than […]]]>

Borrowers with multiple federal student loans may struggle to keep up with multiple payments per month. [IMAGE]…

Borrowers with multiple federal student loans may struggle to keep up with multiple payments per month.

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To streamline the process, borrowers have the option of consolidating some or all of their student loans in one. Rather than multiple loans with different interest rates, borrowers who consolidate all of their student loans would have one monthly payment at a fixed interest rate.

However, consolidation is not for all borrowers, so here are some factors to consider before applying for a federal direct consolidation loan.

Eligible Types of Federal Student Loans

Borrowers must have the right type of student loans to qualify for consolidation. Most federal student loans qualify, including:

— Subsidized, Unsubsidized, and Unsubsidized Federal Stafford Loans

— Direct PLUS Loans

— Additional student loans

— Perkins Federal Loans

— Nursing student loans

— Loans of nursing professors

— Loans to support health education

— Health Professions Student Loans

— Loans for disadvantaged students

— Subsidized and unsubsidized direct loans

— PLUS loans from the Federal Family Education Loans Program

— Certain FFEL consolidation loans and direct consolidation loans

— Federally insured student loans

— Guaranteed student loans

— National Direct Student Loans

— National Defense Student Loans

— Parent loans for undergraduate students

— Auxiliary loans to help students

[Read: Understanding the Types of Federal Student Loans Available.]

“There is always an opportunity to eventually consolidate student loans with a private lender,” says Jeff Arevalo, financial wellness expert at GreenPath Financial Wellness. “But the thing to keep in mind is that the borrower’s credit and debt to income ratios are going to come into play for this. And if you consolidate into some type of private lending product, you risk losing some of those protections and flexibility you have while still under the federal umbrella.

According to the U.S. Department of Education, borrowers who can consolidate may also lose certain benefits, such as principal discounts, loan forgiveness, or interest rate reductions.

Should I consolidate my federal student loans?

Consolidation is advantageous for borrowers interested in federal Cancellation of civil service loans program.

To be eligible for the program previously, borrowers had to be employed full-time by a U.S. federal, state, local, or tribal government or nonprofit organization in eligible employment; have direct loans; be on an income-based repayment plan and make 120 qualifying payments. But due to the implementation of the PSLF Limited Waiver on October 6, 2021, any prior repayment period is now temporarily eligible for the PSLF, regardless of the loan program.

All non-direct federal student loans, such as FFEL program loans or Perkins loans, must be consolidated into the direct loans program before the limited waiver expires on October 31, 2022.

Under ordinary circumstances, federal student loan consolidation erases any progress a borrower has made toward the PSLF by restarting the clock. Essentially, previous qualifying payments made for student loan forgiveness no longer count.

Consolidation also offers borrowers the option of changing their student loan officer, experts say. It can also lower monthly payments by giving borrowers up to 30 years to repay their loans.

Although borrowers can increase the repayment term, their interest rates could be higher. Taking longer to pay off the loan usually means more money being paid in interest over time.

[Read: How Your Existing Student Loan Debt Affects Graduate School Options.]

Under the current federal student loan payment suspension that began in March 2020 with the enactment of the federal CARES Act, the interest rate for direct consolidation loans is 0%. But when repayment resumes after December 31, 2022, all direct consolidation loans will have a fixed interest rate, which will be determined by the weighted average of the statutory interest rates on the consolidated loans rounded to the nearest eighth of 1. . %. And there will be no cap on the consolidation loan interest rate.

When deciding whether or not to apply for a consolidation loan, consider the interest you’ll pay “vs. what you were paying,” says Dan Claffey, director of EdMD, a college admissions and financial aid consulting firm.

“It can be hard for people to understand when you have eight different loans at eight different interest rates with eight different balances,” Claffey says. “Borrowers should make sure they compare these numbers themselves before jumping in and assuming they’re going to save money because they’re looking at the payment.”

Another important consideration is that if you are consolidating, any interest due on the loans to be consolidated will be added to the principal of your consolidation loan. It’s called capitalization and means that interest will have to be paid on a higher principal balance than would have been the case if you had not consolidated.

It is also important to note that federal student loans in default can be consolidated and, in some cases, reconsolidated.

How to Apply for Federal Student Loan Consolidation

There is no credit check to qualify for consolidation, and there are no application fees.

Borrowers can apply directly through Federal Student Aid website or download and print a paper application to be mailed to the chosen consolidation agent. These service options currently include Aidvantage, Great Lakes Educational Loan Services, HESC/EdFinancial, MOHELA, Nelnet and OSLA Servicing.

Be prepared to enter personal information, including a phone number and email address, as well as financial information such as account statements, invoices, and student loan records. You must have a verified FSA ID.

[Read: See How Average Student Loan Debt Has Changed in 10 Years.]

You will also be asked to indicate the loans you wish to consolidate and to select a repayment plan. The processing of your application may be delayed if one of the loans chosen for consolidation is in the grace period.

The form, which is free to complete, takes an average of 30 minutes or less, according to the Department of Education. After consolidation, borrowers will have only one monthly payment.

The request is timestamped. As long as borrowers submit it by October 31, they will still be eligible for the limited waiver even if it is not processed by that date.

“Consolidation is taking a little longer than normal due to Biden’s recent pardon announcement,” said Jan Miller, president of Miller Student Loan Consulting, LLC. “Be patient.”

In August, President Joe Biden announced plans forgive up to $10,000 in federal student loans for those earning less than $125,000 a year and up to $20,000 for borrowers who had a PellGrant while he was in college.

Who do I contact if I need help?

Borrowers who have questions about federal student loan consolidation can contact the Federal Student Aid Information Center, known as FSAIC, which provides support on behalf of the Ministry of Education. The FSAIC helpline number is 800-433-3243.

But the best point of contact, experts say, are your student loan managers.

“They’re the ones doing the consolidations and that’s who borrowers should go to,” says Claffey. “Not a third party mailing them something or sending them a solicitation email.”

Are you trying to finance your studies? Get tips and more at US News’ Paying for College hub.

More US news

Grad PLUS loans: everything you need to know

13 Benefits of Federal Student Loans

Is college worth the cost? Factors to consider

A Guide to Consolidating Federal Direct Student Loans originally appeared on usnews.com

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