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The Broad Institute is testing the limits of what ‘nonprofit’ means

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first_img Please enter a valid email address. Science, long conceived as a public trust, is now characterized by an ownership culture. Sean Parker’s put up big bucks for cancer. We’ve got questions Related: Read the Broad Institute’s response hereThe Broad is testing how close a nonprofit can be to a corporation. Soon after patents were issued to the Broad for CRISPR-Cas9, its director, Eric Lander, turned to Third Rock Ventures, a company to which he has close personal ties, for an early shot at investing in Editas. That startup was founded by Feng Zhang, a core researcher at the Broad. Editas obtained an exclusive license to CRISPR-Cas9 from patent holders including the Broad for cash and stock equity, and began funneling $34.1 million (by the end of 2016) to reimburse the Broad’s legal fees in its court battle for the rights to CRISPR-Cas9. As millions were flowing from the now publicly traded Editas to the Broad, Editas cofounder David Liu was installed as a core member at the Broad, further strengthening ties between the Broad and its commercial partner. Zhang and colleagues then patented an application of a related genome-editing technique called CRISPR-Cpf1 and, through the Broad and other institutions, granted Editas an exclusive license to use this technology for medical applications.This kind of tight relationship with a for-profit corporation clearly puts the concept of “nonprofit” to the test. How many tens of millions should the Broad be allowed to take from Editas? How many of the founders of Editas should be installed into leadership positions at the Broad? Does granting of exclusive licenses constitute a special favor, a quid pro quo? Those are the kinds of questions that regulators should be asking, but aren’t. Tags CRISPRfinancegenetics Broad Institute prevails in heated dispute over CRISPR patents [email protected] Related: By Jim Kozubek April 25, 2017 Reprints When a federal patent court ruled that the nonprofit Broad Institute of MIT and Harvard could legally license its version of the CRISPR-Cas9 genome-editing system, it opened the door to millions of dollars of revenue for the institute. It also contributed to the seismic shift occurring in science whereby tax-exempt research institutes established under an emerging model of “free market philanthropy” can amass money to further their research and protect their commercial interests.The Broad Institute, a tax-exempt organization established by contributions totaling $1.4 billion by Eli Broad and Ted Stanley, is hardly the only one of these nonprofit models.For instance, Napster cofounder and former Facebook president Sean Parker set up the nonprofit Parker Institute for Cancer Immunotherapy to explore new ways to fight cancer. Its affiliated academic institutions will own the intellectual property for their respective inventions; the institute will help manage patents and licensing in collaboration with those institutions. Facebook founder Mark Zuckerberg and his wife, Priscilla Chan, are investing $600 million to create the Chan Zuckerberg Biohub, which would retain the exclusive right to commercialize its inventions.advertisement First OpinionThe Broad Institute is testing the limits of what ‘nonprofit’ means center_img The Broad, possibly aware that its nonprofit mission could be at risk, published at the end of 2016 a guide to its intellectual property licensing philosophy. It noted that “non-profit institutions [like the Broad] should, in general, favor non-exclusive licenses over exclusive licenses.” The document immediately walked back that principle, saying that investors “would need to make a large investment to turn [intellectual property] into a commercial product” and “could not recoup this investment without exclusive rights.” By the end of the statement, the Broad made a case that special deals were good for everyone as exclusivity “may be appropriate because there is a clear case that it will better serve the public good.” Privacy Policy Leave this field empty if you’re human: Science, long conceived as a public trust, is now characterized by an ownership culture. That is raising questions about how much taxpayers should pay for grants that feed into this culture and its incipient biotech wars. There is something intuitively wrong about a tax-exempt nonprofit organization such as the Broad being so financially aggressive. Taxpayers should not be paying for biomedical research and development that preferentially benefits the scientific elites who hold and legally defend their property ownership.Michael Eisen, a University of California biologist who is now a candidate for US Senate, has argued that taxpayer-funded academic scientists should not patent seminal technologies such as CRISPR-Cas9. In a more nuanced opinion published in Science, patent lawyers Jacob S. Sherkow and Jorge L. Contreras argue that research institutions should limit their use of “surrogate licensors” — such as Editas — which have exclusive licenses to use a nonprofit’s technologies.A clause in contracts between Editas and the Broad allows the company to permit licensing of CRISPR for single-gene targets it doesn’t plan to monetize to other “third parties.” But that clause may be moot, since Editas has the right to sublicense CRISPR and would and could monetize most anything within its grasp.In fact, Editas has already struck up a $737 million partnership with Juno Therapeutics and a $90 million deal with Allergan. Sherkow and Contreras argue that, to be fair, a nonprofit such as the Broad should license CRISPR for only one application at a time — even to a partner like Editas. Sherkow told me that “to the extent they’re going to use exclusive licenses, they should do it narrowly, on a gene-by-gene basis.” In other words, a nonprofit should limit licensing to a specific target. In the CRISPR world, that might mean that the Broad could license to Editas the right to use its genome editing technology on the CEP290 gene to develop treatments for an inherited eye disease, but not hand over the whole basket of patent applications to this one friendly company. Jim Kozubek NewslettersSign up for The Readout Your daily guide to what’s happening in biotech. Under a 1980 law, the public could petition the government to make CRISPR licensing more accessible if the terms of the license are not reasonable — meaning that licensing terms should be affordable and not under the control of a single company. It’s clear the Broad and Editas do not want to allow that.The public benefit of CRISPR is uncertain. An independent report issued in March showed that a dozen candidates vying to become the first gene therapy drug approved by the FDA (none of them developed using CRISPR technology) carry jaw-dropping costs, raising questions about how most folks could even pay for such drugs. CRISPR treatments, if and when they make it to the market, are likely to be equally unaffordable.Competition in biomedical science will continue to ratchet up through the means of large nonprofit hubs and exclusive corporate partnerships. Regulators will need to step up and ensure more equitable fair play for licensing or begin to cut federal funding streams for these nonprofits.As taxpayers, we need to support research by the Environmental Protection Agency, the Food and Drug Administration, and the NIH. But corporate welfare should be subject to the same rigorous standards as public welfare. Biomedical researchers who command surplus cash flows and convey private benefits should be subject to a means test to determine if they should continue to receive public assistance.Writer Jim Kozubek is the author of “Modern Prometheus: Editing the Human Genome with Crispr-Cas9,” published by the Cambridge University Press. Between October 2013 and May 2016, he worked as a data scientist for Brigham and Women’s Hospital with an affiliation to the Broad Institute. About the Author Reprints Alex Hogan/STAT In fact, a nonprofit may not confer a “private benefit” to a corporation. Private benefit is defined as “non-incidental benefits conferred on disinterested persons that serve private interests.” The law says that any private benefit must be relatively insignificant in size to the nonprofit’s overall revenue and a necessary side effect of achieving the nonprofit’s objectives. I asked the Internal Revenue Service and the office of the Massachusetts Attorney General about this, but both declined to comment on how financially entangled the Broad and Editas could legally become and what, if any, breaches could trigger an investigation.The privatization of federally funded science could scarcely have been imagined when national funding was first proposed. During World War II, President Franklin D. Roosevelt directed his chief of military research and development, Vannevar Bush, to create a model for funding science after the war. In Bush’s poetic 1945 document, “Science the Endless Frontier,” he argued for robust funding through the NIH and the creation of the National Science Foundation. These and other efforts led to a briskly expanding scientific research base in the US. In the 1950s, physicist and MIT president Karl Compton noted of scientists in general, “I don’t know of any other group that has less interest in monetary gain.”That’s changed. By 1980, a landmark ruling upheld early biotech patents. The Bayh-Dole Act enabled universities, small businesses, and nonprofit institutions to pursue ownership of inventions that arose from federally funded research. Today, scientists talk openly about “figuring out the model,” whereby public money can be turned into private wealth, and escalating biotech battles are a hot-button issue. The tax-exempt Broad draws National Institutes of Health funding to subsidize dozens of basic research projects, many of them conducted with commercial partners. But it is the Broad’s handling of its own CRISPR business and partnerships that threaten to undermine its nonprofit mission. These relationships can challenge the concept of “public interest,” such as when the Broad sells CRISPR licenses to Monsanto for agricultural applications, since a sizable fraction of the public may not agree that genetically modified crops serve the public interest. Or it might not be in the public interest when a favored corporation reaps a financial benefit, such as when the Broad sells exclusive licenses for CRISPR to Editas Medicine, a company that was spun out of the institute.These nonprofit-corporate partnerships raise questions about the extent to which taxpayers should subsidize tax-exempt biomedical research by nonprofits that retain the rights to license patents and appear willing to defend them in court.advertisementlast_img read more

The 8 make-or-break events that will shape biotech in the coming months

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first_img What’s included? Senior Writer, Biotech Adam is STAT’s national biotech columnist, reporting on the intersection of biotech and Wall Street. He’s also a co-host of “The Readout LOUD” podcast. Business Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED By most measures, biotech investors shouldn’t have too many gripes about the first half of 2017. The go-go years of 2013 and 2014 aren’t making a roaring comeback, but our little corner of Wall Street has outperformed the broader market despite the constant threat of D.C. meddling. As the July Fourth holiday approaches, biotech investors can pause, crack open a can of their favorite hoppy IPA, and consider the stock-moving events and story lines that will make or break the back half of 2017.The following are my picks for the most important events on the docket. STAT Plus subscribers, please weigh in with your selections (or ask about mine) during an exclusive, live online chat with me at 2 pm EDT. Come back to this story a few minutes before 2 to log in and join the conversation. Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Adam Feuerstein What is it? GET STARTED STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. David Banks/Getty Images The 8 make-or-break events that will shape biotech in the coming months About the Author Reprints By Adam Feuerstein June 28, 2017 Reprints [email protected] Log In | Learn More @adamfeuersteinlast_img read more

In Pictures: Irish history comes alive in Rathdowney

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first_img GAA In Pictures: Irish history comes alive in Rathdowney Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Facebook Here are all of Wednesday’s Laois GAA results Pinterest WhatsApp RELATED ARTICLESMORE FROM AUTHOR WhatsApp GAA Pinterestcenter_img Twitter Twitter By Siun Lennon – 1st September 2019 Home Lifestyle In Pictures: Irish history comes alive in Rathdowney LifestyleOut and About GAA Facebook Previous articleIn Pictures: Glorious sunshine as Electric Picnic 2019 continues into Day 2Next articleDeaths in Laois – Sunday, September 1, 2019 Siun Lennonhttp://heresosiun.blogspot.ie/2016/09/the-lekkie-piccie-experience.htmlSiún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin Irish history came alive in Rathdowney recently as the Stone Age was taught in a new and exciting way to children at Rathdowney library.On Tuesday August 20, famed historian Michael Moylan visited the boys and girls in Rathdowney for the fun and interactive show.In just an hour, this hugely entertaining show brought the Stone Age to life.Using period costume, weapons and artefacts, Michael took the children back in time in his unique andhilarious style.Children dressed up, participated, and had a ball on the day.Photos below taken by Alf Harvey.Check them out:Michael Moylan, Irish History LIve at work in Rathdowney Library for Heritage Week.Photograph: Alf Harvey.Michael Moylan, Irish History LIve at work in Rathdowney Library for Heritage Week.Photograph: Alf Harvey.Trying out a bow during Irish History LIve in Rathdowney Library for Heritage Week.Photograph: Alf Harvey.All dressed up during Irish History LIve in Rathdowney Library for Heritage Week.Photograph: Alf Harvey.Michael Moylan, Irish History LIve at work in Rathdowney Library for Heritage Week.Photograph: Alf Harvey.Michael Moylan, Irish History LIve at work in Rathdowney Library for Heritage Week.Photograph: Alf Harvey.Having fun during Irish History LIve in Rathdowney Library for Heritage Week.Photograph: Alf Harvey.Trying some of the helmets during Irish History LIve in Rathdowney Library for Heritage Week.Photograph: Alf Harvey.Blowing a horn during Irish History LIve in Rathdowney Library for Heritage Week.Photograph: Alf Harvey.Making music during Irish History LIve in Rathdowney Library for Heritage Week.Photograph: Alf Harvey.Trying a helmet and hair during Irish History LIve in Rathdowney Library for Heritage Week.Photograph: Alf Harvey.Exploring the tools during Irish History LIve in Rathdowney Library for Heritage Week.Photograph: Alf Harvey.Trying out the armour during Irish History LIve in Rathdowney Library for Heritage Week.Photograph: Alf Harvey.SEE ALSO – ‘Little Picnic’ all set to return to this year’s Electric Picnic as countdown continueslast_img read more

‘Johnny Dalton was a true and noble son of Colt and Laois’

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first_img WhatsApp ‘Johnny Dalton was a true and noble son of Colt and Laois’ By LaoisToday Reporter – 5th February 2021 Pinterest Previous articleWATCH: Laois residential facility take on Jerusalema Dance ChallengeNext articleCamross appoint new manager as attention turns to 2021 season LaoisToday Reporter Pinterest Electric Picnic apply to Laois County Council for new date for this year’s festival Electric Picnic Electric Picnic Facebook Home News Community ‘Johnny Dalton was a true and noble son of Colt and Laois’ NewsCommunity Electric Picnic TAGSColt GAAJohnny DaltonMichael Commins Electric Picnic organisers release statement following confirmation of new festival date Facebook The late Johnny Dalton in 2019 The death of Johnny Dalton from Timahoe, known far and wide for his involvement in sporting, community and charity groups, occurred at the start of the year. Aged in his mid 70s, Johnny was originally from Raheen and played hurling with Colt in his early years though he had lived in the Cremorgan townsland of Timahoe for most of his life with his wife Catherine and large family.He was involved in numerous community organisations in Timahoe over a long number of years.His passing came as a massive shock and immense loss to all of those who knew him. Michael Commins, President Colt GAA Club, has penned a beautiful tribute Johnny which we publish in full below:The Colt Club and Laois GAA lost a true and noble gentleman with the recent passing of Johnny Dalton.While Johnny spent many years in his adopted Timahoe and gave huge service to that club and community, he never lost his love for his native Raheen and Colt.It was a measure of the regard and respect that all of us had for Johnny that we still looked on him as never having left the area.He kept in constant touch with club officials and players and the community and was in attendance at as many club games as he could manage.He never lost his passion for the blue and gold jersey and was always a Colt man at heart. On one occasion, he lined out as goalkeeper for Colt when they played Timahoe in a junior hurling game and his son was on the Timahoe team!Johnny was a larger than life character who had a commanding presence wherever he went. He was, in every sense of the word, one of nature’s gentlemen.People listened when Johnny spoke and always respected his wisdom. He was a member of the Laois County Board and Leinster Council for several years and his contributions carried a lot of weight.On days when Colt were in action in O’Moore Park, you could rest assured that Johnny would ramble along to meet his friends and lend support to the club of which he was an honorary Vice President for many years.He was almost always present for the annual general meetings in Raheen and was a regular teller of votes for the various contested positions and for the player of the year awards, a job we shared together on numerous occasions.Johnny won three Intermediate hurling titles with Colt in 1965, 1971 and 1979 and rendered huge service to the club. He cherished his colleagues from those teams in a special way and there was an enduring bond between them down the years.Apart from his huge contributions to Colt and Timahoe clubs, Johnny was closely associated with the Laois teams over the decades. He was involved with the golden era of the minor and U-21 teams in the mid to late 1990s with Gabriel Lawlor and others and was recognised as one of top promoters of fund raising ventures for the County Board.Among the many hundreds of messages and tributes to Johnny received by the family was one from Nickey Brennan from Kilkenny, former President of the GAA.“He was an outstanding ambassador for Laois GAA in his many roles and it was my great pleasure to enjoy his company on many occasions during my time with Comhairle Laighean and Páirc an Chrócaigh,” said Nickey in a lovely tribute that summed up Johnny’s special status in the upper echelons of the GAA.Along with Johnny Hearns and John Grace and others, I journeyed to games in Croke Park, Thurles, Nowlan Park and other venues back in the days when the summers were golden and dreams stretched out before us.Apart from his hurling a football, Johnny excelled at table tennis in his young years. His outstanding ability at the game saw him win numerous Laois and Leinster titles during an era when his name was synonymous with this sport in the province.He was a happy and contented man heading off to the races in Kilbeggan and The Curragh. The real rural and homely ‘feel’ of Kilbeggan was where he was always among friends. Listowel and Galway in July and September were other destinations for Johnny and his racing friends.Between farming and supervising FAS community schemes and his GAA involvement, Johnny also found time to fund-raise for the Irish Wheelchair Association and the Fatima Pilgrimage Fund.The beaming smile and the imposing presence of Johnny made him a welcome visitor wherever he went. He exuded positivity and raised the spirits of all around him.His sense of humour, ebullient nature, and ability to tell a story made him the best of company and you were always guaranteed some great laughs when Johnny was holding court.The sudden death of his son John (50) back in October was a huge blow to Johnny and Catherine and the family who already had shouldered a major cross with the death of their daughter Martina in 2000.Johnny Dalton was an iconic Laois and midlands man, imbued with a decency and ability to bring calm and commonsense to almost any thorny problem. The soft lilt and laughter of Johnny was rural Laois in a nutshell.He was a born story-teller and a great friend. I will always cherish his goodness and kindness.We will all miss Johnny at the annual general meetings and the matches and at all those occasions where we come together to remember and celebrate the milestones along life’s journey.His name will be spoken with reverence among Colt Gaels for years to come and, invariably, a smile will unfold across the meadows of our memories.To Catherine and the family and all the Dalton family circle, we extend heartfelt condolences to all of you at this very sad time.SEE ALSO – Sadness at death of well-known Timahoe community man Johnny Dalton Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival RELATED ARTICLESMORE FROM AUTHOR WhatsApp Twitter Twitterlast_img read more

NIS Document on a Kidnapped Individual to North Korea Was Revealed

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first_imgNews RELATED ARTICLESMORE FROM AUTHOR News NIS Document on a Kidnapped Individual to North Korea Was Revealed There are signs that North Korea is running into serious difficulties with its corn harvest By Kim Yong Hun – 2007.08.08 6:18pm News News center_img SHARE Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak AvatarKim Yong Hun Facebook Twitter [imText1]Choi Sung Yong, Representative of Family Assembly abducted to North Korea revealed a government document on the 6th that verified the fact that his father, Choi Won Mo (age at kidnapping, 57) was kidnapped to North Korea in 1967.Representative Choi requested the release of information confirming the status on his father’s kidnapping last March.Regarding this, the National Intelligence Service gave Rep. Choi a document last May that verified the fact that, “[Your] father Choi Won Mo was on a fishing boat with seven other fellow crew members on the “Ship Poongbook” in the Yeonpyeong Island Northwest seas on June 5, 1967 when kidnapped by a North Korean patrol boat.”On this document, the NIS added that “[After being kidnapped to the North] during the forced detainment while in North Korea before coming to South Korea, evidence of treason against the North Korea was found and was thus forcefully detained with the ship. However, the truth that his father had been active as an intelligence operative agent for the UN troops was not verified.”Until now, the government had individually notified the families of the kidnapped individuals verbally of their kidnapping and their detention in North Korea. However, it is an anomaly to respond to an information request of a South Korean family with a corresponding answer.According to Rep. Choi, his father’s hometown was Jungjoo, North Pyungan Province and had belonged to the U.S. KLO base during the Korean War. He had taken on the responsibilities of transporting Chinese People’s Army and the [North Korean] People’s Army prisoners of war and military goods in Baekryong Island.The North Korean authorities had discovered his records after the kidnapping and thus he was not able to be repatriated. According to Choi, it is known that his father was executed in North Korea in 1970.On the other hand Rep. Choi expressed, “The Unification Minister left the kidnapped families’ hearts in pain as he recently used the expression, voluntary migrant to North Korea, regarding the kidnapped individuals. I released this official document to show how wrong Unification Minister Lee Jae Jung’s statement on ‘North Korea migrants’ showing that the NIS had officially verified the North Korean kidnapping atrocity.”Related to this, the members of the Family Assembly abducted to North Korea took a candlelight vigil in front of the private home of the Unification Minister on the 6th to receive an apology from Minister Lee Jae Jung about the North Korea migrants statement. North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

SEC mulls market structure reforms

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first_imgJames Langton HFT costs global markets US$5 billion annually, FCA research finds “Today, as we move forward in the next phase of our efforts to enhance our market structure, I am recommending additional measures to further promote market stability and fairness, enhance market transparency and disclosures, and build more effective markets for smaller companies,” she said, adding that she’s also recommending the creation of a new advisory committee to review specific initiatives and rule proposals dealing with the market structure. White stressed that overall market quality indicators suggest that the current structure is “not fundamentally broken, let alone rigged”. That said, she allowed that there are issues with the prevailing structure. “Some potential additional benefits for investors from improved technology may have been diverted by excessive intermediation, and broad market quality would perhaps be even better if different rules were in place,” she noted. “And not all segments of the equity markets have equally shared the benefits from the positive market trends, and that disparity may have increased in recent years.” To address some of these issues, White suggested that it is working on a number of proposals. For example, she said that SEC staff are developing recommendations for an anti-disruptive trading rule; a rule to clarify the status of unregistered active proprietary traders to subject them to the dealer rules; and, a rule eliminating an exception from [the Financial Industry Regulatory Authority (FINRA)] membership requirements for dealers that trade in off-exchange venues. It’s also working on recommendations for rules to improve firms’ risk management of trading algorithms and to enhance their regulatory oversight. White said she is also asking the exchanges and FINRA to consider including a time stamp in the consolidated data feeds to help monitor the latency of those feeds; and, she’s asking the exchanges to develop proposed rule changes to disclose how they are using data feeds. “Brokers and investors could use the enhanced transparency to better assess the quality of an exchange’s execution and routing services,” she said. The SEC will also consider whether measures are required that may limit the advantages of trading speed. While she said she’d be reluctant to impose a limit on trading speed, she suggested there may be room for other more flexible solutions that could be adopted by trading venues. “These could include frequent batch auctions or other mechanisms designed to minimize speed advantages,” she said. “They could also include affirmative or negative trading obligations for high-frequency trading firms that employ the fastest, most sophisticated trading tools.” In terms of market fragmentation and the proliferation of dark pools, the SEC is working on a rule that would expand the reporting requirements for alternative trading systems, and it’s considering whether existing SEC rules, such as its trade-through rule has contributed to excessive fragmentation. “We also will be considering whether the current regulatory model for exchanges and other trading venues makes sense for today’s markets,” she said. Order routing disclosure obligations may also get a boost, White said. And, she’s requesting that the exchanges review their order types and how they operate. Finally, she said that it’s looking at issues of fairness for smaller companies, including possibly increasing tick sizes to facilitate trading in smaller issuers. In response to her remarks, FINRA issued a statement indicating that it “strongly supports” her recommendations dealing with off-exchange trading. “It is important to the safety and of soundness of the markets that dealers that trade in off-exchange venues not be exempted from FINRA oversight,” it said; adding that it also supports expanding its ATS trading volume disclosure system to include all off-exchange venues. “FINRA looks forward to working with the SEC on these important initiatives to ensure market integrity and protect the interests of the investing public,” it said. “SIFMA has long called for a comprehensive review of equity market structure, and we welcome Chair White’s thoughtful remarks and look forward to reviewing the details of the SEC’s proposals,” said Kenneth Bentsen, Jr., president and CEO of the Securities Industry and Financial Markets Association (SIFMA), in response to the speech. “Investor confidence in the fairness of the equity markets is essential to an efficient financial system that drives economic growth in our country. This is an extremely complex and important issue, and we agree with Chair White that any reform of the markets should be the result of a thoughtful, data-driven approach that relies on empirical data,” he added. Getting ghosted by the markets Keywords Dark pools,  High frequency tradingCompanies Securities and Exchange Commission Share this article and your comments with peers on social mediacenter_img Facebook LinkedIn Twitter Related news As retail trading jumps, SEC to rethink its rules U.S. securities regulators are contemplating a series of reforms designed to deal with a wide variety of market structure issues, from market fragmentation and fragility to risk posed by high-frequency trading. In a speech to an industry conference in New York Thursday, Mary Jo White, chairwoman of the U.S. Securities and Exchange Commission (SEC) discussed the issue of market structure, and specifically enumerated a number of reforms that the SEC will be considering in the months ahead. last_img read more

Jamaicans Being Trained for Nursing Jobs in Canada

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first_imgJamaicans Being Trained for Nursing Jobs in Canada EducationSeptember 28, 2009 RelatedJamaicans Being Trained for Nursing Jobs in Canada RelatedJamaicans Being Trained for Nursing Jobs in Canada FacebookTwitterWhatsAppEmail Jamaicans are being trained to fill practical nursing vacancies in Canada.The provision is being made under the Licensed Practical Nursing (LPN) Programme, which involves collaboration with the Government of Jamaica, the Centre For Nursing Studies (CNS) in Canada and Marmicmon Integrated Marketing and Communications.Training sites are: the Nuttall Hospital in Kingston; the Brown’s Town Community College in St. Ann; and the Spaldings campus of the Knox Community College in Clarendon.Minister of Labour and Social Security, Hon. Pearnel Charles, speaking at the official launch on Thursday (Sept. 24) at the Runaway Bay HEART Hotel in St. Ann, stated that the programme “is satisfying because it is providing jobs where we could not provide jobs here.”He assured that every effort will be made to secure jobs for all successful participants. “Canadians are retiring at age 60 and they cannot find enough people to take their jobs …we are ready and willing,” he said.Education Minister, Hon. Andrew Holness, in his remarks, urged the participants to do their best. He encouraged them to “represent the best of Jamaica” to ensure the continuation of the training programme so that others can benefit.He noted that “the Government of Jamaica has made its facilities available through the community colleges for use to deliver this course and we will, in the future… make other resources available as we can.”The 15-month programme is based on the CNS curriculum and the first batch of students is already being trained.To qualify for the programme, students must have four Caribbean Examination Council (CXC) passes including a science subject.Once participants have successfully completed the training course, they will be interviewed by recruiters from Marmicmon for placement in institutions in Canada.center_img Advertisements RelatedJamaicans Being Trained for Nursing Jobs in Canadalast_img read more

Monash project tackles post-pandemic mental health challenges facing adolescents

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first_imgMonash project tackles post-pandemic mental health challenges facing adolescents Monash UniversityA Monash University project will look at reducing the long-term risk of adolescent mental health problems by enhancing parents’ ability to support their children throughout the pandemic.A digital mental health project led by researchers from the Faculty of Medicine, Nursing and Health Sciences and the Faculty of Information Technology, received a 2020 COVID-19 Mental Health Research Grant from the Medical Research Future Fund to support parents of adolescents.Drawing upon evidence-based parenting practice, the project aims to address the challenges that parents and teens face during the global pandemic, and other unforeseen events.The researchers hope this project will empower parents and enhance their capacity to safeguard their child’s mental health and wellbeing during disruptive events in the future.While young people are largely spared from the direct negative effects of COVID-19 on physical health, they do have an increased risk of mental health issues as a result of disruptions to their normal social development, education and family life. Moreover, the financial, social and mental health impacts of COVID-19 on parents can significantly compromise their ability to provide appropriate care, further aggravating potential mental health issues in their children. Project lead, Associate Professor of Psychology Marie Yap from the Turner Institute, says in order to provide preventive interventions for parents that are low cost, scalable and self-sustaining, direct input from parents is needed. “This research will collect insights from parents through online peer support interactions to help inform and apply an extension to an existing evidence-based parenting program, Partners in Parenting (PiP), which has already been proven to reduce the risk of common mental health problems in adolescents,” Associate Professor Yap said.“By rapidly adapting content and providing peer support to respond to the context-specific needs of COVID-19, the adapted program PiP-Plus has the potential to reduce the mental health impacts of COVID-19 on many Australian families.”This project will provide the necessary support to parents with context-responsive, rigorously-developed COVID-relevant parenting advice and integrated online peer support, delivered via the PiP-Plus platform. Professor Patrick Olivier, from the Action Lab, Faculty of IT, says this research aligns with the Federal Government’s mental health reform agenda on empowering families and carers who support youth living with or at risk of mental health issues.“This project offers an adaptable and rapidly responsive service to address the emerging mental health challenges currently experienced as a result of COVID-19,” he said.“By establishing a mechanism to collect data on mental health challenges currently experienced by parents and rapidly responding to these through PiP-Plus, the project is developing an approach that continuously adapts to the experiences and needs of parents and children.” “The digital delivery of the platform also facilitates broader outreach and care to particularly vulnerable groups of parents with adolescent children, such as those from lower socio-economic backgrounds and those located in rural and remote communities.”This research will also have further applications in other traumatic or disaster events across the globe, in which psychological distress can be impacted.If you are interested in becoming a parent mentor or contributing to this research, please contact Ling.Wu+PIP /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:adolescent, Australia, Australian, covid-19, education, federal government, Government, Medical research, mental health, Monash University, parenting, peer support, Professor, remote communities, technology, universitylast_img read more

GM in talks to sell shuttered factory in Lordstown, Ohio to EV truck-maker

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first_imgLast Chevrolet Cruze produced by GM signals the end of an era GM announces jobs, electric vehicle after Trump criticismTrump happily tweeted the news about Lordstown after a conversation with Barra, calling the announcement “great news for Ohio.”Lordstown had been pulled into the 2020 presidential campaign as Trump has pressured companies to add jobs in the U.S. Ohio is key to Trump’s re-election campaign, and he has attacked GM for plans to close the plant as part of a larger restructuring effort. General Motors is negotiating the sale of its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks.The company confirmed Wednesday it’s in talks with Cincinnati-based Workhorse Group to sell the huge facility, and also announced plans to invest US$700 million in three Ohio factories to create 450 additional jobs.The potential sale, first announced on Twitter by President Donald Trump, could preserve some jobs at the sprawling plant east of Cleveland. RELATED TAGSGeneral MotorsPickup TruckElectricElectric VehiclesNew Vehicles Trending Videos The Rolls-Royce Boat Tail may be the most expensive new car ever PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca ‹ Previous Next › advertisement COMMENTSSHARE YOUR THOUGHTS Workhorse CEO Hughes said Tuesday the company is making progress in the transition from development to the production. The company is on target, he said, to begin delivering its new electric vans at the end of this year. Created with Raphaël 2.1.2Created with Raphaël 2.1.2 The Workhorse electric truck concept. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Trending in Canada But it also dashes any hope GM would reopen the factory where until March, it had built cars for more than five decades.Workhorse Group, led by Workhorse founder Steve Burns, would acquire the facility and would hold a minority stake in a new venture, a GM statement said. But it was unclear who would own the rest.“This potential agreement creates a positive outcome for all parties involved and will help solidify the leadership of Workhorse’s role in the EV community,” said CEO Duane Hughes.The company would build a commercial electric pickup truck if it buys the facility, Burns said in the statement.Should the project go forward, initial job numbers would be in the hundreds, said Ohio Gov. Mike DeWine, moments after fielding a call from GM CEO Mary Barra. That number could rise to 3,000 over several years if Workhorse were to win a contract with the U.S. Postal Service, DeWine said.“We have people who are I would say knowledgeable about the negotiations who have told us that. That would be one of the goals of the company as they grow their business—to get a contract with the post office,” DeWine said.But news of the pending sale was greeted gloomily by workers in Lordstown who were hoping that GM would reopen the factory that stopped producing the Chevrolet Cruze compact car in March.Lordstown had about 1,400 hourly workers on one shift at the time the plant stopped production. But hundreds of others had been laid off earlier as GM cut two shifts to deal with slumping demand for the Cruze.RELATED See More Videos Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan”last_img read more

Board of Regents supports online education proposal, approves new master’s degree, more

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first_img At its regular meeting Thursday on the CU Boulder campus, the Board of Regents voted to approve a new system-wide online education initiative and a master’s degree in journalism entrepreneurship on the Boulder campus; awarded three CU Boulder faculty members the distinguished professor title; and heard a presentation from Chancellor Philip P. DiStefano and Athletic Director Rick George around head and brain injury in athletics. In other board newsDuring the public comments section of the agenda, several graduate students brought forward their concerns about the level of graduate student wages and the cost of living in Boulder.The board heard a report from CU Vice President and Chief Financial Officer Todd Saliman on student debt and financial aid, as well as the proposed financial aid plan for the 2018–19 academic year. An in-depth look at CU Boulder’s efforts to reduce the cost of attendance and student debt will appear in an upcoming edition.The board heard a presentation from Chancellor DiStefano and Athletic Director Rick George on efforts to reduce head injuries in athletics. This is on the heels of an announcement that CU Boulder is to lead a PAC-12 research initiative on student athlete concussions.New proposal for CU system: Online education The board resolved by a 9-0 vote to support a new proposal about online education for the CU system (led by Regent Stephen Ludwig). The proposal is intended to more fully meet the needs of current and future students; increase access and affordability especially for first-generation college students, working adults and rural residents; and ensure Colorado has the trained workforce it needs. It outlines the following goals:By fall 2018: Identify a set of five key bachelor’s degrees and five key master’s degrees that serve the current and near-term employment needs in Colorado and the Rocky Mountain Region and expand these degrees to be available completely online.By fall 2022: Develop and launch two online-only degrees with a total fixed cost to students of $15,000, including books and fees, one for bachelor’s level and one for master’s level.By 2023: Through the use of asynchronous delivery, multiple start times and efficient course scaling, CU will have 6,000 students seeking their degrees using only online resources. By 2024: Through online courses and online experiences—including at least one full year of CU credit (30 hours) available through concurrent online enrollment—as well as traditional on-campus and face-to-face programs, provide support available to every Colorado high school student that advances high school students’ understanding of their options in higher education. Noting that the proposed alternate technologies and pedagogies will require changes to basic infrastructure such as admissions, financial aid, registration systems and bursar operations, and will also require support for the faculty, such as instructional design professionals and studio facilities, the university shall invest over the next four years at least $20 million to reach these goals. Additionally, the university shall develop revenue models that will support the ongoing needs of the online efforts across the campuses after this investment.Full details can be found on BoardDocs.Master of Arts in Journalism EntrepreneurshipThe board voted unanimously by consent agenda to approve a new online degree for the CU Boulder campus: the professional Master of Arts in Journalism Entrepreneurship in the College of Media, Communication and Information.This degree will prepare students for success in news outlets, digital and social media platforms and corporate communications. It focuses on preparing students for today’s media environment, one where there are more content providers than ever, but fewer full-time jobs. In this environment, skills in both journalism and entrepreneurship are necessary.Graduates will be able to flourish in a constantly changing media ecosystem, where journalists are expected to understand the traditional norms and goals, as well as the economics of the journalism industry. This program will provide students with skills to create a lasting career in a world more and more reliant on contract work. Elizabeth Skewes, associate professor and chair of the journalism department, says this new degree is unique among online degree programs.“We think this degree addresses a real need in the industry, and our program will blend journalism skills training with courses on business models and negotiating contracts,” Skewes said. “We think we’ve got something special to offer graduate students who can’t come to campus for a master’s program, and we’re excited to be able to launch this program in fall 2018.”CU Boulder distinguished professorsThe board unanimously voted to award three CU Boulder faculty members the university’s highest faculty honor, designation as distinguished professor. The CU Boulder honorees are Peter Molnar, Department of Geological Sciences, Cooperative Institute for Research in Environmental Sciences; Douglas Seals, Department of Integrative Physiology; and Thomas Veblen, Department of Geography.Distinguished professors are honored for demonstrating exemplary performance in research or creative work, a record of excellence in classroom teaching and supervision of individual learning and outstanding service to the profession. Read more about the CU Boulder distinguished professors. Published: Nov. 16, 2017 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mailcenter_img Categories:Deadlines & AnnouncementsCampus Communitylast_img read more