Chess Tournament – Tromso Sjakklubb http://tromsosjakklubb.com/ Thu, 19 May 2022 17:29:59 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://tromsosjakklubb.com/wp-content/uploads/2021/08/icon-16.png Chess Tournament – Tromso Sjakklubb http://tromsosjakklubb.com/ 32 32 Three game-changing trends asset managers can’t ignore https://tromsosjakklubb.com/three-game-changing-trends-asset-managers-cant-ignore/ Thu, 19 May 2022 16:35:04 +0000 https://tromsosjakklubb.com/three-game-changing-trends-asset-managers-cant-ignore/ Extraordinary global factors continue to alter the global financial landscape, including the effects of a once-in-a-century pandemic, European conflict-related instability and uncertainty, and inflation spurts not seen since. decades, to name a few. In this context, asset managers face greater challenges in identifying the themes that truly bring about major and lasting change within their […]]]>

Extraordinary global factors continue to alter the global financial landscape, including the effects of a once-in-a-century pandemic, European conflict-related instability and uncertainty, and inflation spurts not seen since. decades, to name a few. In this context, asset managers face greater challenges in identifying the themes that truly bring about major and lasting change within their industry.

What are the major current themes in asset management that will prove to be the most enduring and impactful in the years to come? And which of these will need resources and action the most? All managers should ask these questions at frequent intervals. While each potential response is unpredictable, examining the themes that asset managers around the world are prioritizing to maintain or gain competitive advantages can provide critical clues.

Increase efficiency and drive growth

“We primarily see asset managers focusing on three key themes: cost savings and efficiency, data capabilities, and new products and delivery channels,” says Jon Mann, Global Segment Head Banks, Brokers and insurance within BNY Mellon Asset Servicing. . He notes that a growing number of asset management companies are prioritizing initiatives that will reduce costs and streamline processes, generate new products and revenue opportunities, and grow their customer base. To achieve these goals, he adds, they are leveraging cutting-edge technologies, increasing outsourcing and making strategic consolidations and acquisitions.

Theme 1: Leverage technology to reduce costs and add capabilities

As fee pressure continues and the competitive landscape intensifies, asset managers are eagerly looking to drive growth by cutting costs and expanding capabilities, Mann says. Fortunately, technology offers unprecedented advantages in achieving both of these goals. Recent advances in data science computing power, information discovery, and modeling through artificial intelligence are enabling businesses to find new, cost-effective ways to increase efficiency and add value. value. As other companies take notice and incorporate similar innovations, business models and customer expectations are raising the competitive bar in the asset management industry.

“Asset managers that are on the higher volume/lower price side – such as those offering ETFs and all products that require scale – will seek to create efficiencies and scale” , predicts Mann. “On the other hand, alternative-focused companies seek to gain the ability to establish differentiation in their offerings, in areas involving risk management, quants, or other interesting permutations in how they do BNY Mellon has also seen a fairly large wave of M&A activity and a boom in fintech outsourcing, and we expect these trends to continue.”

Theme 2: Outsourcing technology must build data capabilities

While the effective collection and use of data has long been a critical competitive area for asset managers, the widespread acceleration of pandemic-spurred digital transformation has rapidly raised standards across the industry, leaving many businesses struggle with outdated systems that can no longer meet day-to-day needs.

To avoid this fate, asset managers who had long delayed comprehensive technology upgrades are now moving forward with these initiatives to gain cutting-edge data capabilities and stay competitive. But instead of relying on in-house teams and resources, Mann says, companies are increasingly turning to service providers with specialized expertise to help with these technology transformations. »

“Asset managers recognize that data is the common thread between the front, middle and back office, and they must leverage digital technology to support an agile, data-centric growth model,” notes Mann. . In a recent study conducted by BNY Mellon, titled Asset management: the transformation is already herea survey of more than 200 asset managers globally found that 96% of them currently use cloud computing technologies in their front-to-back offices, and 67% plan to increase their reliance on against major financial service providers by 2024.

“This tells us that cloud transformation is already well underway in the industry and that more than half of asset managers will rely on outsourced providers for capacity expansion to meet growing needs,” says Mann. When it comes to specific areas where asset managers intend to leverage this external expertise, almost all survey respondents (97%) say they would apply it to asset management infrastructure. data management, followed by back-office needs (90%), data exploitation (78%). , middle-office processes (61%) and front-office activities (41%).

Theme 3: Attract retail investors with new products and direct-to-consumer distribution

Several factors drive asset managers to introduce new products and client services. First, technological advances in data science are opening up new possibilities in stock selection, portfolio management, risk modeling and other fundamental tasks. Additionally, asset managers are responding to the ongoing “retail revolution” by creating new products for private investors, which is also driving product development for traditional institutional clients.

“The technology creates opportunities, in terms of using it to create new products and enabling access to new and more complex products, providing much more transparency to the end investor,” Mann says. These products include alternative investment funds that can be sold to retail investors – such as the European Long-Term Investment Fund (ELTIF), for a striking example.

“With more retail investors, investments are increasing – but with lower amounts and higher demand for transparency and information,” Mann continues, noting that BNY Mellon Asset Servicing is dedicated to helping asset managers navigate this new terrain to achieve their most pressing goals. “We are part of this ecosystem and connect buyers and sellers, providing a digital platform that connects all processes and activities, back and forth, allowing us to coordinate and facilitate all the needs of clients.”

As investors increasingly expect asset managers to offer an ever-expanding menu of services, as well as continuous innovation, asset managers know they must meet these expectations to to survive. In the BNY Mellon survey, 43% of respondents say that restructuring and streamlining their product offerings is among their top strategic priorities.

Additionally, distribution standards are changing as constant improvements in digital and mobile technology make it easier for customers to access new and existing products. “Direct online distribution using smartphones is the way to go, because that’s what the next generation is waiting for,” Mann says. “New technologies are changing the way asset managers distribute and expand their market share by offering innovative, customizable and scalable solutions. To better capture the growing base of retail investors, they need to rethink their distribution model to include direct access to consumers. »

In the BNY Mellon survey, 80% of asset managers say they expect growth in direct-to-consumer distribution by 2024 (100% noting that they currently distribute their products through fund platforms). Unsurprisingly, 64% say they expect service providers to offer distribution support, allowing them to use outsourced expertise to acquire these essential capabilities as well.

Look forward

Asset managers who most effectively embrace these three macro themes with holistic and synergistic strategies are expected to gain considerable market share in the coming years, and new leaders may emerge. However, companies that fail to take advantage of the timely opportunities that these trends present, or that fail to manage their risks, may fall irrevocably behind their peers who have better understood the impacts of the rapid changes taking place on the market. ‘industry.

Learn more about the vital competitive advantages leading-edge services bring to asset management.


Warning

BNY Mellon is the trademark of The Bank of New York Mellon Corporation and may be used to refer to the company as a whole and/or its various subsidiaries generally. This material does not constitute an endorsement by BNY Mellon. The information contained herein is not intended to provide tax, legal, investment, accounting, financial or other professional advice on any subject, and should not be relied upon or relied upon as such. The opinions expressed in this document are those of the contributors and not necessarily those of BNY Mellon. BNY Mellon has not independently verified the information contained herein and makes no representations as to the accuracy, completeness, currency, merchantability or fitness for a specific purpose of the information provided in this document. BNY Mellon assumes no direct or consequential responsibility for any errors in or reliance on this material.

BNY Mellon shall not be responsible for updating the information contained herein and the opinions and information contained herein are subject to change without notice.

BNY Mellon assumes no direct or consequential responsibility for any errors in or reliance on this material. This material may not be reproduced or disseminated in any form without the prior written permission of BNY Mellon. Trademarks, logos and other intellectual property marks belong to their respective owners.

© 2022 Bank of New York Mellon Corporation. All rights reserved.

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The market could experience a sharp contraction https://tromsosjakklubb.com/the-market-could-experience-a-sharp-contraction/ Sun, 15 May 2022 20:56:03 +0000 https://tromsosjakklubb.com/the-market-could-experience-a-sharp-contraction/ National benchmarks ended lower for the sixth consecutive session. With broader selling pressure in the market, NSE Nifty is down 629 points or 3.83% over the past week. BSE Sensex is down 3.7%. The Nifty Midcap-100 and Smallcap-100 fell 5.2% and 7.9%. The Metal index was the worst performing with 12.4%. The Energy and PSU […]]]>

National benchmarks ended lower for the sixth consecutive session. With broader selling pressure in the market, NSE Nifty is down 629 points or 3.83% over the past week. BSE Sensex is down 3.7%. The Nifty Midcap-100 and Smallcap-100 fell 5.2% and 7.9%. The Metal index was the worst performing with 12.4%. The Energy and PSU Bank indices were down 10.6% and 8.8%. All other sector indices closed in negative territory. Market breadth has been negative all week. FII sold Rs 32,701.03 crore and DII bought Rs 26,735.36 crore. The India VIX volatility index rose 10.52% and closed at 23.49.

The domestic stock market is under heavy selling pressure in the broader market. The Nifty closed at the post-July 30, 2021 low. The drop is severe and steeper than previous swings. The first drop in the current downtrend is 42 sessions and a drop of 11.9%. The second swing took 33 sessions for 14.5%. But the current drop is 13.9%, the fall only took 15 trading sessions. Interestingly, the ups are short-lived and consume almost half the time of the down. As Thursday’s low hits the previous major swing, there is a chance that the 15671 level will act as support. Support for the widening triangle is near 15150. And current swing Fibonacci extension support is placed at 15290, a 161.8% extension level.

Typically, sharp, steep trend moves will experience counter-trend consolidations for a week and then resume the downtrend. The fact is that the Nifty is far from the short-term average. The price has to pull out the 20DMA sooner or later. At the same time, the Nifty is below the lower Bollinger Band, and the upper and lower Bollinger Bands are strongly in a downtrend. The index has not yet reached the low, but the lower band has already fallen below the previous low. This trend leads to a day or two of indecision or smaller pullbacks.

Interestingly, the long-term trend indicator, 200 DMA, enters a bearish trend for the first after October 2020. After the death cross on April 18, the gap between 50 and 200DMA increases. At the same time, the distance between the index and the moving averages is also increasing. This can lead to a pullback towards one of the short-term moving averages. The index has not moved more than 8 out of 8 days in one direction. Currently, the Nifty is declining for the last six successive sessions. The negative bias extends to a maximum of two additional days. During these two days, we have to watch the index for its support or a new bottom. If the Nifty does not fall below 15671, the pullback may be short-lived. Immediate resistance is at 16301, and above it the gap area will act as strong resistance. In any case, over the next two days the Nifty declines below 15671, and immediate support is at 15464. So look for the behavior of the index at the 15464, 15290 and 15150 levels. We cannot predict more than these levels at present.

The Nifty has lost 1320 points in just nine trading sessions. The derivatives data shows that there are huge shorts that have accumulated in the system. The PCR is almost in the neutral zone. On the decline, Open Interest (OI) is increasing almost daily. Ahead of the next weekly expiry, the market might witness strong short pressure. This can increase market volatility. At the same time, implied volatility is very high, above 20, which means option premiums have become expensive. Derivatives traders should adopt prudent risk management methods.

As we expect a bottom next week, if the Nifty is protecting the likely bottom for at least three days in a row, and a follow-up day of a sharp rise with huge volume will be classed as a rally attempt. After a basic formation and a breakout, the market will offer us medium-term opportunities. Look for consolidation in the market and understand that the technical pullback is only due to short coverage. It was reiterated to continue to take a very equity-specific approach and adopt a positive but cautious outlook on the short-term markets.

(The author is Chief Mentor, Indus School of Technical Analysis, Financial Journalist, Technical Analyst, Trainer and Family Fund Manager)

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Cincinnati Metro to host job fair to find bus drivers https://tromsosjakklubb.com/cincinnati-metro-to-host-job-fair-to-find-bus-drivers/ Fri, 13 May 2022 19:41:00 +0000 https://tromsosjakklubb.com/cincinnati-metro-to-host-job-fair-to-find-bus-drivers/ CINCINNATI — Metro will host a job fair this weekend in hopes of hiring dozens of new bus operators. The hiring goal is to enable the transit agency to move forward with plans to expand and improve bus service in the greater Cincinnati area. What do you want to know Metro will host a job […]]]>

CINCINNATI — Metro will host a job fair this weekend in hopes of hiring dozens of new bus operators. The hiring goal is to enable the transit agency to move forward with plans to expand and improve bus service in the greater Cincinnati area.


What do you want to know

  • Metro will host a job fair this weekend as part of an ongoing effort to attract new drivers
  • Transit agency needs about 50-75 new drivers to help expand services and implement its Reinvent the Subway plan
  • Staffing issues have affected bus systems across the country
  • The hiring event will take place on Saturday at 1401 Bank Street.

The hiring event will take place on Saturday, May 14 at Metro’s Queensgate division (1401 Bank Street). It will take place from 10 a.m. to 1 p.m.

Those planning to attend do not have to RSVP. But for those who are considering applying, submit your application online before the event, if possible.

Metro has struggled to retain and recruit staff, especially bus drivers, during the COVID-19 pandemic. This is a problem that affects transportation companies across the country.

The agency needs additional drivers to cover existing routes and expand its service. Metro has about 475 drivers on its payroll, but it wants to add 100 to 150 more by the end of the year.

They have held several job fairs over the past few months, the most recent being on March 17th. They also ran an aggressive campaign on social media.

Driver shortages have at least played a role in service changes over the past few months – some more minor, some more drastic, like those of December which involved 22 routes. These adjustments included a mixture of route consolidations and schedule adjustments as well as the elimination of an express route to Forest Park.

Staffing issues have also limited Metro’s ability to implement certain aspects of its Reinventing the metro plan, which aims to better connect residents of greater Cincinnati to jobs, school and medical services.

“Due to the nationwide driver shortage, we have had to make adjustments to our current service in an effort to improve service reliability for our customers,” Metro spokesperson Brandy Jones said. , in January. “We’ve also been very strategic about the timing and service improvements to be implemented based on factors such as staffing levels and ridership patterns and needs.”

Troy Miller, president of Amalgamated Transit Union Local 627, which represents Metro employees, said part of the challenge of hiring drivers has to do with finding the “right person” for the post. The unique bus service schedule is a challenge, Miller said. He also mentioned that some applicants were encountering complications during the background check and screening processes.

Part of Metro’s selling pitch to would-be drivers is a new contract struck several months ago between the bus drivers’ union, ATU, and the Southwest Ohio Regional Transit Authority, which operates Metro.

The contract guarantees “better pay, benefits and stability” than at any time in the agency’s history, according to Metro. Drivers start at $21 per hour.

Other benefits include:

  • Paid training at $19 per hour, which includes Commercial Driver’s License (CDL) training and CDL license fee reimbursement.

  • Opportunities to earn premium pay rates on high demand routes

  • $2,000 signing bonus upon completion of training and 95-day trial period

  • Salary increase every six months

Metro also offers comprehensive health and dental benefits, retirement benefits, and discounted transit passes for a spouse and dependents.

For more information, visit go-metro.com/careers or call 513-632-7559.


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Cloud-Based PBX Industry: In-Depth Research on Major Vendors, Business Standards, Technology Trends and Market Forecast to 2022-2028: Microsoft, Cisco, Mitel Networks, RingCentral, Verizon, MegaPath, Nextiva https://tromsosjakklubb.com/cloud-based-pbx-industry-in-depth-research-on-major-vendors-business-standards-technology-trends-and-market-forecast-to-2022-2028-microsoft-cisco-mitel-networks-ringcentral-verizon-megapath/ Wed, 11 May 2022 12:25:24 +0000 https://tromsosjakklubb.com/cloud-based-pbx-industry-in-depth-research-on-major-vendors-business-standards-technology-trends-and-market-forecast-to-2022-2028-microsoft-cisco-mitel-networks-ringcentral-verizon-megapath/ The latest report on the Cloud-Based PBX Market provides a comprehensive overview of key industry issues characteristics, including production, market growth rate, industry share, consumption value and volumedemand for specific types of products and services, and more. The publication focuses on providing a competitive edge to new entrants to the industry and those aiming to […]]]>

The latest report on the Cloud-Based PBX Market provides a comprehensive overview of key industry issues characteristics, including production, market growth rate, industry share, consumption value and volumedemand for specific types of products and services, and more. The publication focuses on providing a competitive edge to new entrants to the industry and those aiming to enter the market in the next few years. It offers information on the latest consolidations, acquisitions, associations, buyers and sellers who have had a significant impact on this sector of the industry, as well as experiments with posting serious business scenes in recent years.

The study report offers projections of the industrial market demand prognosis for a given period. Additionally, it provides essential insights into market complexities and economic environment along with key insights for readers to capitalize on various industry patterns.

This article is the latest research on the COVID-19 outbreak review of effects. The impact of the pandemic on demand and the supply chain, as well as the financial situation of the industry, are detailed here. The study also analyzes the gaps in industry dynamics and presents the trends in a post-COVID-19 context, as well as a futuristic perspective.

Get the latest sample PDF report: https://www.worldwidemarketreports.com/sample/571958

Segmentation based on key players

◘ Microsoft
◘ Cisco
◘ Mitel Networks
◘ Central Ring
◘ Verizon
◘ MegaPath
◘ Nextiva
◘ 3CX
◘ Estech Systems
◘ 8×8
◘Sangoma
◘Panasonic
◘ NetFortris
◘TPX Communications

Type-Based Segmentation

◘ Unlimited Cloud PBX
◘ Cloud PBX measured

Application-based segmentation

◘ SMEs
◘ Large Companies

Get a sample PDF brochure, click here: https://www.worldwidemarketreports.com/sample/571958

Main highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2028)
Porter’s Five Forces Analysis
Market drivers and success factors
SWOT analysis
Value chain

Complete mapping of the competitive landscape

This study is a compilation of primary and secondary research which represent market size, share, trends and forecasts for major segments and sub-segments taking into account macro and micro environmental aspects. It also assesses the bargaining power of suppliers and buyers, the threat of new entrants and product substitutes, and the level of competition in the market.

Competition quadrants

The report contains a Competitive Quadrant, a proprietary tool for analyzing and evaluating a company’s position based on its industry position scores and market performance. The tool divides players into four groups based on a number of characteristics. Financial performance over the previous three years, growth strategies, innovation score, new product launches, investments, market share growth, etc. are some of the elements evaluated for analysis.

FAQs

The document examines all major players in the cloud-based PBX industry and provides solutions to some of the most pressing questions:

• Who is currently the market leader?

• What is the market share of the top player?

• What is the revenue of the major players in the Cloud-Based PBX segment?

• What are the chances of a new company entering this market?

• What products/services do these companies offer?

Buy this research report: https://www.worldwidemarketreports.com/buy/571958

The following items are included in the report:

  • Key Development Drivers, Limitations, Opportunities and Issues of the Market.
  • Global and regional developments are scrutinized.

The report answers the following key questions:

  • What will be the market size and growth rate by the end of the forecast period?
  • What are the key Cloud Based PBX market trends influencing market growth?
  • What are the growth prospects and threats of the major competitors in the market?
  • What are the key findings of Porter’s Five Forces analysis and SWOT analysis of the leading companies in the Global Cloud Based PBX Market?
  • What opportunities and dangers are facing the Global Cloud Based PBX Market manufacturers?

Please let us know if you have any unique requests, and we’ll tailor the report to your specifications.

Contact us :

Mr Shah
Global Market Reports,
Tel: USA +1-415-871-0703
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NCUA approves 41 mergers in first quarter https://tromsosjakklubb.com/ncua-approves-41-mergers-in-first-quarter/ Mon, 09 May 2022 19:27:46 +0000 https://tromsosjakklubb.com/ncua-approves-41-mergers-in-first-quarter/ NCUA lobby. Credit union mergers continued their upward pace with 41 consolidations approved by the NCUA in the first quarter of 2022, more than the 33 mergers approved in the first quarter of 2021, according to the federal agency. First Quarter Merger and Insurance Activity Report released last week. In addition to the 34 credit […]]]>
NCUA lobby.

Credit union mergers continued their upward pace with 41 consolidations approved by the NCUA in the first quarter of 2022, more than the 33 mergers approved in the first quarter of 2021, according to the federal agency. First Quarter Merger and Insurance Activity Report released last week.

In addition to the 34 credit unions that were given the green light by the NCUA to consolidate to expand services, two credit unions were granted approval to merge due to poor financial condition; two for inability to obtain officials; two for lack of sponsors and one for loss or decline of membership.

The largest NCUA-approved credit union mergers were:

  • The $2.7 billion Capital Communications Federal Credit Union with the 5.5 billion dollars Federal Credit Union State Employeesboth based in Albany, NY
  • The $612 million world credit union in Spokane, Washington, in the $10.8 billion Federal Credit Union of Alaska in the United States in Anchorage, Alaska.
  • The $524 million Federal Credit Union with the 896 million dollars First Service Credit Unionboth based in Houston.

Credit unions with more than $100 million in assets but less than $500 million in assets that received regulatory approval to merge included:

  • The $255 million United 1st Credit Union in Kingsland, Ga., in the $3.5 billion Georgia Credit Union in Atlanta.
  • The $207 million Premier Community Credit Union in Stockton, Calif., with the $1.7 billion Federal Credit Union in Durham, North Carolina
  • The $196 million Northeast Texas Credit Union in Lone Star with the billion dollars East Texas Professional Credit Union at Longview.
  • The $137 million CORE Federal Credit Union in East Syracuse, NY in the $1.4 billion CFCU Credit Union in Ithaca, NY

Two credit unions approved for consolidation due to poor financial condition:

  • The $8.1 million Federal Credit Union of West Jefferson in Marreo, Louisiana, in the $247 million New Orleans Firefighters Federal Credit Union in Metairie, Louisiana.
  • The $3.1 million Prairie View Federal Credit Union in Prairie View, Texas with the $346 million Cy-Fair Federal Credit Union in Houston.

Two credit unions received the consolidation agreement due to the inability to obtain officials:

  • The 95.7 million Prairie Federal Credit Union in Normal, Illinois, with the $493 million University of Illinois Credit Union in Champagne, Illinois.
  • The $3.3 million Sherchem Federal Credit Unionin the 147 million dollars Lakeview Federal Credit Unionboth from Ashtabula, Ohio.

Two credit unions that were given the go-ahead to merge due to lack of sponsor support were:

  • The $21.3 million Bashas Associates Federal Fund in Tempe, Arizona, with the $683 million First credit union in Chandler, Arizona.
  • The $17.4 Million Consumer 1st federal credit union in the 212 million dollars Century Heritage Federal Credit Unionboth from Pittsburgh.

A credit union that received approval to merge due to loss or decline of membership scope was:

  • The $70.3 million Primary source federal credit union in East Longmeadow, Massachusetts, with the $720 million Polish National Credit Union in Chicopee, Mass.
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Shipping Market Size Expected to Grow by USD 10.78 Billion | 40% of market growth comes from Europe https://tromsosjakklubb.com/shipping-market-size-expected-to-grow-by-usd-10-78-billion-40-of-market-growth-comes-from-europe/ Sat, 07 May 2022 00:12:09 +0000 https://tromsosjakklubb.com/shipping-market-size-expected-to-grow-by-usd-10-78-billion-40-of-market-growth-comes-from-europe/ NEW YORK , May 6, 2022 /PRNewswire/ — The shipping market has been classified as part of the global marine market within the global transportation market. The market size is expected to increase by $10.78 billion from 2019 to 2024. The growth momentum of the market will progress at a CAGR of 3% during the […]]]>

NEW YORK , May 6, 2022 /PRNewswire/ — The shipping market has been classified as part of the global marine market within the global transportation market. The market size is expected to increase by $10.78 billion from 2019 to 2024. The growth momentum of the market will progress at a CAGR of 3% during the forecast period.

Technavio has announced its latest market research report titled Seafreight Forwarding Market by Service and Geography – Forecast and Analysis 2020-2024

Make informed business decisions based on the analysis and insights highlighted in Technavio reports. Request a sample report!

The maritime transit market covers the following areas:

Sizing of the maritime transport market
Shipping Market Forecast
Shipping market analysis

Driver and Challenge

the Global Cross-Border E-Commerce Market Growth Driving LCL Volume is one of the key factors driving the growth of the shipping market. The global cross-border e-commerce market has been valued at $460 billion in 2017 and should reach $1.265 billion during the forecast period. The United States and China are the major contributing countries to the global cross-border e-commerce market. Growing internet penetration and rising purchasing power parity (PPP) across all regions is driving the growth of the cross-border e-commerce market. This growth should positively influence the volume of maritime freight worldwide. LCL’s ocean shipments are boosted by the increase in the number of small package shipments. In addition, providers plan to expand their service portfolio. Maritime transport is becoming a preferred mode for e-commerce due to infrastructure development. Additionally, there is an increase in the use of intermodal freight transportation due to the cost advantages it offers shippers over using a single mode of transportation.

Consolidation in the shipping industry leading to high freight costs and operational difficulties will challenge the shipping market during the forecast period. The movement towards consolidation in the shipping industry is expected to continue during the forecast period. Major shipping lines have formed alliances, reducing excess ship capacity as well as the cost of scrapping idle ships in ports. Such consolidations in the transportation industry will lead to an oligopolistic market, which could reduce the number of options freight forwarders can choose from. This, in turn, will lead to an increase in freight rates.

Regional analysis

Europe will account for 40% of the market growth over the forecast period. Growing volume of trade on European trade routes, increasing container port throughput and increasing number of free trade agreements in the region will drive the growth of the ocean freight forwarding market in Europe during the forecast period. Market growth in this region will be faster than market growth in other regions. Germany and UK are key countries for ocean freight forwarding market in Europe.

Companies cited

  • Agility Public Warehousing Company KSCP

  • CH Robinson Worldwide Inc.

  • CEVA Logistics SA

  • CJ Logistics Corp.

  • Deutsche Bahn AG

  • Deutsche Post AG

  • DSV Panalpina A/S

  • Hellmann Worldwide Logistics SE & Co. KG

  • Kuehne + Nagel International AG

  • United Parcel Service Inc.

Get lifetime access to our Technavio Insights! Subscribe to our “Basic Plan” billed annually on $5000.

Related reports:

Marine Loading Arms Market by Application and Geography – Forecast and Analysis 2021-2025

Pipelay Vessel Operators Market by Vessel Type and Geography – Forecast and Analysis 2021-2025

Shipping Market Scope

Report cover

Details

Page number

120

Year of reference

2019

Forecast period

2020-2024

Growth momentum and CAGR

Accelerate at a CAGR of 3%

Market Growth 2020-2024

$10.78 billion

Market structure

Fragmented

Annual growth (%)

1.92

Regional analysis

Europe, APAC, North America, South America and MEA

Successful market contribution

Europe at 40%

Main consumer countries

China, Germany, United States, United Kingdom, Canada and Japan

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Agility Public Warehousing Company KSCP, CH Robinson Worldwide Inc., CEVA Logistics AG, CJ Logistics Corp., Deutsche Bahn AG, Deutsche Post AG, DSV Panalpina A/S, Hellmann Worldwide Logistics SE & Co. KG, Kuehne + Nagel International AG, and United Parcel Service Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

Summary

Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

Five forces analysis

Market segmentation by service

  • Market segments

  • Comparison by service

  • FCL – Market size and forecast 2019-2024

  • LCL – Market size and forecast 2019-2024

  • Market opportunity by service

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • Europe – Market size and forecast 2019-2024

  • APAC – Market size and forecast 2019-2024

  • North America – Market size and forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • MEA – Market size and forecast 2019-2024

  • Main leading countries

  • Market Opportunity by Geography

  • Market factors

  • Market challenges

  • Market trends

Supplier Landscape

  • Insight

  • Landscape disturbance

Vendor analysis

  • Suppliers Covered

  • Positioning on the supplier market

  • Agility Public Warehousing Company KSCP

  • CH Robinson Worldwide Inc.

  • CEVA Logistics SA

  • CJ Logistics Corp.

  • Deutsche Bahn AG

  • Deutsche Post AG

  • DSV Panalpina A/S

  • Hellmann Worldwide Logistics SE & Co. KG

  • Kuehne + Nagel International AG

  • United Parcel Service Inc.

Annex

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Cenlar promotes senior executives | business thread https://tromsosjakklubb.com/cenlar-promotes-senior-executives-business-thread/ Thu, 05 May 2022 13:00:00 +0000 https://tromsosjakklubb.com/cenlar-promotes-senior-executives-business-thread/ EWING, NJ–(BUSINESS WIRE)–Cenlar FSB, the nation’s leading mortgage processor and federally chartered wholesale bank, announced the promotion of seven business leaders who exemplify the best of our business and enable us to deliver the service solutions the most innovative, high quality and flexible on the market. “Cenlar is proud to promote several senior leaders to […]]]>

EWING, NJ–(BUSINESS WIRE)–Cenlar FSB, the nation’s leading mortgage processor and federally chartered wholesale bank, announced the promotion of seven business leaders who exemplify the best of our business and enable us to deliver the service solutions the most innovative, high quality and flexible on the market.

“Cenlar is proud to promote several senior leaders to various roles within our organization,” said Cenlar Chairman, CEO and President Greg Tornquist. “These individuals are seasoned experts in their craft and demonstrate their commitment to best serving our employees, customers and their owners.”

Our promoted leaders include:

Thomas Bland, to the vice-president, responsible for commercial information. Thomas joined Cenlar in 2016. With over 20 years of experience in technology and financial services, Thomas has held several positions with various organizations including Ally Financial Inc., State Street Bank, BNP Paribas and Janney Montgomery Scott LLC. At Cenlar, Thomas is responsible for the overall IT strategy and delivery of Cenlar’s service operations, wholesale banking, corporate functions and partnering with key leaders across all business units.

Janet Cahill, to the Vice President, Office of Technology Management. Janet has worked at Cenlar for four years. She leads the Enterprise Portfolio Management Office to ensure good governance of strategic programs, and partners with the Heads of Risk, Controls, Financial Planning and Analysis, and Human Resources to support the Director of information (CIO) in the overall management of the IT organization. Prior to her current role as Vice President of the Office of Technology Management, she held the positions of Chief Information Officer, Business Information Manager for Default Operations, and Business Information Manager for Enterprise Functions. Janet, who has worked in financial services technology for over 25 years, held senior IT positions at Bankers Trust Company, Credit Suisse First Boston, Merrill Lynch and AIG before joining Cenlar.

Victoria Gallagher to the Vice President, Compliance Program Management. Victoria manages our Compliance Advisory, Issues Management and Regulatory Change Management teams. She works closely with the Issue Management team to review issues and resolution strategies, as well as oversee Cenlar’s regulatory change management process. She also supports internal employees by addressing issues related to compliance and project support.

Rene Gonzales, to the Senior Vice President, Infrastructure and Engineering. René has over 30 years of experience in the financial services industry with merger and acquisition activity, data center migrations, business consolidations and operational improvements. Rene held executive positions at companies such as JPMorgan, Ally Financial Inc. and PHH Mortgage before joining Cenlar.

He began his career with Cenlar four years ago and has been integral in redesigning and improving the company’s overall technology and operational capabilities. Rene was responsible for helping implement the next generation contact center and was instrumental in migrating the business to the cloud to improve our data center capabilities, improve security, reduce risk and provide comprehensive disaster recovery capabilities. Rene works closely with key leaders across multiple business units where he advises on how to increase efficiency.

Meera Kali, to the Vice President, Compliance Risk Assessment and Testing. Meera maintains and enhances compliance risk assessments to account for regulatory and operational changes. She is responsible for monitoring regulatory compliance across all business units, through the CMS testing program, as well as managing the KRI monitoring and surveillance program.

Tim Quinn, to the Vice President, Contact Center, Technology and Borrower Communications. Tim started his career at Cenlar in 2010 as a business analyst and project manager for customer service. During his tenure, Tim led several operational teams and had a significant impact on the business. In his new role, Tim will bring his extensive experience and knowledge of the business to design and implement the borrower communication strategy. He will also ensure that the supporting technology is in place to increase customer satisfaction through the dissemination of information.

Josh Reicher, to Senior Vice President, Chief Digital Officer. Josh joined Cenlar in 2016. He manages Cenlar’s digital technology and operations, including the digital services, development, IT quality assurance, data and maintenance systems teams. With 20 years in the financial services industry and 30 years in general technology, Josh has held various IT leadership positions at Morgan Stanley, Bank of America and other organizations.

Josh was instrumental in creating Cenlar’s digital strategy which includes both B2B and B2C capabilities, such as conversational artificial intelligence (chat bots), automation via Robotic Process Automation (RPA) and workflow, improved digital communications, and a host of tools to improve operational efficiency, customer satisfaction, and employee engagement. Josh continues to lead Cenlar’s broader technology innovation and strategy.

About Cenlar FSB

Cenlar FSB is an employee-owned, federally chartered wholesale bank that services loans in 50 states and its U.S. territories. As the country’s leading contractor, Cenlar enjoys a loyal and growing customer base, including banks, credit unions and mortgage bankers. Our more than 3,000 employees, strategically located across the United States, are dedicated to customer satisfaction and teamwork that generate customer solutions unmatched in quality, flexibility and innovation. Based in Ewing, NJ, Cenlar is rated and audited regularly by independent third parties.

For more information, visit www.cenlar.com.

Find us on LinkedIn here: https://www.linkedin.com/company/cenlar-fsb/

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Bronchopneumonia: symptoms, causes and diagnosis https://tromsosjakklubb.com/bronchopneumonia-symptoms-causes-and-diagnosis/ Tue, 03 May 2022 13:19:11 +0000 https://tromsosjakklubb.com/bronchopneumonia-symptoms-causes-and-diagnosis/ Bronchopneumonia is a lower respiratory tract infection characterized by widespread inflammation in the lungs. This subtype of pneumonia is caused by bacteria and is found mainly in children. This article discusses the symptoms, causes, diagnosis, treatment, and prognosis of bronchopneumonia. FS Productions/Getty Images Symptoms Symptoms of bronchopneumonia and its severity vary widely. Your symptoms may […]]]>

Bronchopneumonia is a lower respiratory tract infection characterized by widespread inflammation in the lungs. This subtype of pneumonia is caused by bacteria and is found mainly in children.

This article discusses the symptoms, causes, diagnosis, treatment, and prognosis of bronchopneumonia.

FS Productions/Getty Images


Symptoms

Symptoms of bronchopneumonia and its severity vary widely. Your symptoms may be more severe if you fall into one of the following high-risk categories:

  • You are immunocompromised.
  • You are under 5 years old.
  • You are over 65.
  • You have a pre-existing health condition or comorbidity, especially one that affects the lungs.

Symptoms of bronchopneumonia can include:

  • Fever
  • Chills
  • Sweat
  • Shortness of breath
  • Chest pain that may be worse when coughing or breathing deeply (inspiration)
  • Productive cough (spitting up mucus or phlegm)
  • Muscle aches
  • Low energy and fatigue
  • Loss of appetite
  • Headache
  • Confusion or disorientation, especially in older people
  • Dizziness
  • Nausea
  • Vomiting
  • Coughing up blood (hemoptysis)

causes

Bronchopneumonia is a lung infection of the lower respiratory tract mainly caused by bacteria, such as:

  • Streptococcus pneumoniae
  • Haemophilus influenzae type b (Hib)
  • Staphylococcus aureus
  • Klebsiella pneumoniae
  • Pseudomonas aeruginosa
  • Escherichia coli (E.coli)

In rare cases, viruses such as SARS CoV-2 (the virus that causes COVID-19) and fungi, such as Aspergillus fumigatuscan also cause bronchopneumonia.

Diagnostic

Bronchopneumonia is a clinical diagnosis based on your symptoms and chest X-ray results.

Diagnosis of bronchopneumonia always begins with your healthcare provider performing a thorough clinical history and focused physical exam, listening to the heart and lungs with a stethoscope for wheezing and other breath sounds. abnormal.

Initially, blood tests looking for signs of infection – such as a complete blood count (CBC) – and a chest X-ray may be ordered.

Bronchopneumonia has a very distinct appearance on chest X-rays, often looking like patchy consolidations involving one or more lobes (sections of the lungs). Inflammation and its by-products (neutrophil exudates) are usually centered in the bronchi (airways in the lungs) and bronchioles (smaller airways that branch off from the bronchi), which spread to adjacent alveoli (tiny air sacs).

An assessment of your oxygen levels and oxygen flow throughout your body will also be done using pulse oximetry and arterial blood gas testing.

If you have a productive cough (spitting up phlegm), a sputum culture, which analyzes the mucus for signs of bacterial infection, may be done.

Additionally, your healthcare provider may perform a bronchoscopy, a fairly common procedure that involves passing a thin tube with a light and camera through your mouth, down your windpipe, and into your lungs. This looks for signs of infection and suspicious areas that warrant closer examination by biopsy (removal of a sample of tissue for laboratory examination).

Treatment

Bronchopneumonia is usually caused by bacteria, so it can usually be treated effectively with antibiotics.

However, choosing the right antibiotic is very important, especially with the increase in antibiotic-resistant strains of bacteria that prevent once-effective drugs from killing them. Your healthcare provider can use a sputum culture to determine which antibiotic is most effective in clearing up your infection.

Prevent bronchopneumonia

Vaccines prevent infection with certain germs and are therefore an effective way to reduce the risk of developing bronchopneumonia. This is especially useful when the cause is a virus.

Prognosis

The outlook for bronchopneumonia is generally good, but it depends on many factors, including:

  • Age
  • Medical background
  • Hospital environment

If you are generally healthy, your symptoms will usually resolve within one to three weeks with treatment.

While more severe cases of bronchopneumonia may require hospital treatment, most cases can be treated with rest, outpatient antibiotics, and routine monitoring.

When to See a Health Care Provider

In severe cases, bronchopneumonia can lead to lung abscesses, the formation of pus-filled pockets in an area of ​​the lung. Sometimes the infection spreads to the pleural space (the fluid-filled cavity surrounding the lungs), filling it with pus (also called exudate) and forming an empyema (a collection of pus). Symptoms of emphysema can include:

  • Dry cough
  • Fever and chills
  • Excessive sweating, especially night sweats
  • General discomfort, malaise or feeling sick (malaise)
  • Unintentional weight loss
  • Chest pain, which gets worse on deep inhalation (inspiration)

If you experience one or more of these symptoms, or if your symptoms do not improve despite taking your medications as prescribed, seek medical help immediately.

Summary

Bronchopneumonia is an infection of the lower respiratory tract of the lungs which is usually caused by bacteria such as Streptococcus pneumoniae and Haemophilus influenzae type b (Hib) and is characterized by generalized inflammation of the lungs.

A word from Verywell

Results for people with bronchopneumonia who are generally healthy are positive, but frequent use of antibiotics has led to an increase in bacterial resistance. Serious complications can result from increasing bacterial resistance and late or difficult diagnosis. Therefore, it is important to see a health care provider if you feel ill or if you have been in contact with someone who has had a bacterial infection in the days or weeks before your symptoms started.

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SSU reporters say coverage of Sakaki scandal provoked backlash, leaked budget proposal included missing documents https://tromsosjakklubb.com/ssu-reporters-say-coverage-of-sakaki-scandal-provoked-backlash-leaked-budget-proposal-included-missing-documents/ Sat, 30 Apr 2022 20:46:27 +0000 https://tromsosjakklubb.com/ssu-reporters-say-coverage-of-sakaki-scandal-provoked-backlash-leaked-budget-proposal-included-missing-documents/ Reporters and editors from the Sonoma State University student-run campus newspaper worked late Tuesday evening to assemble and deliver 500 copies of their most recent issue to campus newsstands. The April 26 edition of the Sonoma State Star featured a front-page story about the ongoing no-confidence vote against Speaker Judy Sakaki. She is at the […]]]>

Reporters and editors from the Sonoma State University student-run campus newspaper worked late Tuesday evening to assemble and deliver 500 copies of their most recent issue to campus newsstands.

The April 26 edition of the Sonoma State Star featured a front-page story about the ongoing no-confidence vote against Speaker Judy Sakaki. She is at the center of a scandal after a $600,000 payment to a former SSU provost following allegations of retaliation related to allegations of sexual harassment by Sakaki’s husband, Patrick McCallum.

On Wednesday morning, however, Star reporters and editors discovered that nearly 100 copies of the new edition, representing all the newspapers on display in the lockers in Salazar Hall, the administration building, had gone missing.

“This week we took out the papers between 7 and 8 p.m., and when we went to Salazar on Wednesday morning, all the lockers were completely empty of our papers. And that never happens,” said Star News editor Mary Helen Rowell.

A standing bathroom sign had been moved in front of one of the racks, obscuring it from passers-by, Rowell said.

A week earlier, maintenance workers on campus informed Star editors that the middle pages of their last two issues – including coverage of the scandal involving Sakaki and a controversial subject university budget proposal disclosed which calls for cuts and consolidations – had been removed from campus newspapers, primarily in Darwin Hall, the science and math building.

SSU reporters aren’t sure who’s behind the missing articles or pages, but Montana Lacey, an SSU communications student and opinion columnist for the Star, said they “suspect it’s someone who tries to silence student journalists because we are covering stories they don’t want an audience.

Salazar Hall, where all copies of the latest edition have disappeared, includes Sakaki’s second-floor office.

SSU spokeswoman Julia Gonzalez did not respond Friday to a request for an interview about the missing papers.

Sakaki, who has led the university since 2016 and faces a vote of no confidence beginning May 6 among SSU faculty, denied retaliating against former provost Lisa Vollendorf, who reported sexual harassment complaints against McCallum by several university employees.

It’s one of two crises that have rocked the Rohnert Park campus in recent weeks, which faces a growing budget emergency amid a drop in enrollment that began six years ago and has deepened. during the pandemic.

Myles Grabau, editor of the Star, said the paper’s dogged coverage of the twin crisis exposed student journalists to shoutings of fake news and verbal attacks from some faculty members critical of the coverage.

“I don’t understand why we’re portrayed as the bad guys when we’re just getting the facts and trying to report everything that’s going on,” Grabau said.

“It’s hurtful because we work so hard and we do all of this to make sure we’re doing everything right and by the book and people don’t care,” Rowell added. “I feel like a lot of people on campus don’t take us seriously, despite all the hard work we do.

The star has won state and national awards for its coverageincluding the highest honor in 2018 as the best university newspaper in California.

It’s April 19 scoop on leaked budget proposalin particular, drew strong reactions from some faculty members, Grabau said.

Lacey, the opinion columnist, said her communications teacher, Emily Acosta Lewis, who also sits on the school’s budget committee, lashed out at the paper during a recent class, accusing reporters of ‘”To invent information adapted to our program,” she said.

Acosta Lewis, contacted by The Press Democrat on Friday, said she was surprised “at the idea” that she would “speak badly” of the Star.

“To my knowledge, I haven’t said anything that could be interpreted that way,” she said.

Editors said faculty president Lauren Morimoto, who also heads the kinesiology department, used harsh and inappropriate language when she criticized their reporting on the leaked budget.

His comments at a budget committee meeting on Wednesday were recorded, and he can be heard referring to Star reporters, some of whom were in the room, as “adults who need to be held accountable for what they make”.

She suggested that the Star should not have reported on a draft budget document – ​​a common source of news reporting – and that in doing so the paper had misled the campus about how a budget cut of $5.5 million would be realized, according to the recording.

“At least I admit when I’m making up a story,” she said at the committee meeting, prompting laughter.

“It was just very rough and very unprofessional,” Grabau said.

Morimoto did not respond to emails or phone calls Friday seeking comment.

Corinne Asturias, the Star’s academic advisor and former editor of Press Democrat, congratulated her student journalists. She said the backlash was a learning experience for journalists covering important stories on their campus.

“It’s very annoying because Star students put in countless hours of work. They are very concerned about delivering a timely, accurate and balanced product,” Asturias said.

“The same week we reported on Judy Sakaki’s potential vote of no confidence and budget cuts, we also reported on the queer prom, the baseball team’s winning streak, etc. We cover campus news, whether it’s good, bad, or in between. I’m proud of my students and I think most faculty and students on campus are too,” she said.

The Star’s editors have been scrambling since Wednesday to create posters with QR codes for smartphones linked to their most recent issue, to replace missing print copies. Their next issue should hit newsstands Tuesday night.

Democratic press intern Kylie Lawrence is the former editor of the Sonoma State Star. She can be reached at kylie.lawrence@pressdemocrat.com.

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Oakland parents join teachers in day-long strike over school closings https://tromsosjakklubb.com/oakland-parents-join-teachers-in-day-long-strike-over-school-closings/ Fri, 29 Apr 2022 23:25:29 +0000 https://tromsosjakklubb.com/oakland-parents-join-teachers-in-day-long-strike-over-school-closings/ K.G.O. (OAKLAND, Calif.) — A teachers’ union went on a day-long strike in Oakland, Calif., on Friday to protest what they say are unfair labor practices over school closings in the Unified School District. from Oakland. The school district attributes low school attendance and financial hardship to its decision to close several schools in the […]]]>
K.G.O.

(OAKLAND, Calif.) — A teachers’ union went on a day-long strike in Oakland, Calif., on Friday to protest what they say are unfair labor practices over school closings in the Unified School District. from Oakland.

The school district attributes low school attendance and financial hardship to its decision to close several schools in the city. The Oakland Education Association says OUSD’s decision violates a 2019 agreement from a previous teachers’ strike to give ample notice before closures and allow time for community impact assessments.

Parents and students who will be affected by the closures joined teachers on picket lines around the city’s public schools before gathering at a block party rally to voice concerns about the disproportionate impact of closures on minority students.

The school district told ABC News in a statement Friday that most students stayed home during the strike.

“While most students in the district stayed home today with excused absences, some came to school. Our focus at this time is to ensure they have a positive experience on campus,” the statement read.

Earlier this week, OUSD Superintendent Kyla Johnson-Trammell condemned the protest plans in a letter to OEA union teachers. Johnson-Trammell said the strike will cause further damage to the district’s already stretched budget.

“Most importantly, the impact on students would be significant. In light of lost instruction due to the pandemic, the OAS and OUSD have worked hard together to ensure in-person instruction is the norm for this school year. Even the threat of further deprivation of instruction from students, let alone actual deprivation, especially without legal justification, will only further harm students. It should also be noted that a one-day strike would hurt the district financially,” Johnson-Trammell said in the letter.

The district says no such agreement on school closures exists, as the union claims.

“As for the assertion that the district previously negotiated the issue of school consolidations as part of negotiations to end the February 2019 strike, it is patently false: the list of negotiated items, as defined in investigation report, leading to the 2019 strike does not include school consolidations,” Johnson-Trammell said in the letter.

Jennifer Brouhard, a teacher at La Escuelita Elementary School, criticized the superintendent’s criticism that the strike will hurt the school district.

“When I hear the superintendent say this strike hurts the students, it hurts those students to be expelled from their school,” Brouhard told ABC News. “It hurts these students to be sent to another school for a year or two. It hurts the fifth graders who have all filled out their application to go to La Escuelita, only to be notified after the registration period ends that the school is closing. When I got this letter from the superintendent, I wanted to say ‘no, you’re talking to these kids about who’s hurt and who hurt them.’

Brouhard said she thinks students in low-income areas of the school district have been ignored.

“I don’t think the district values ​​black and brown families. I don’t think they appreciate these communities. This isn’t the first time school closures have happened in the same kind of community…You have to look at the cost of the community and I think if you’re just moving these kids around, that really means they don’t matter,” Brohard said.

“I think the feeling is that people in those communities won’t fight back, but the district has encountered a lot of resistance this time around,” she added.

Teachers and parents who participated in the protest told ABC News that the closures will pose a safety concern for some young, low-income students who may have to travel long distances to get to school.

Corin Haskell, a science teacher at Brookfield Elementary, said the school’s closure, which is expected to take place next year, will disrupt the surrounding community.

“This community is really tight-knit. Brookfield School is truly a generational school. I have been teaching for over 25 years. I have been teaching the children of my first students since I arrived there. This school has been a strong point in the community for a long time,” Haskell told ABC News. “I’m not worried about having a job. I know I can teach anywhere. It’s about this work that we’ve done in this community for so long in this school and the fact that it’s been around for generations. They’ll just wipe it off.

On April 11, the ACLU filed a complaint with the California Attorney General’s office calling for an investigation into the closures.

“Oakland Unified School District has a long history of discrimination against Black students and families who have borne the brunt of previous school closures,” Linnea Nelson, senior counsel for the ACLU of California’s Racial and Economic Justice Program of North, said in a statement. “By chronically underfunding and mismanaging small schools in predominantly black neighborhoods, the district has created the very conditions it now cites to justify the disruption of tight-knit school communities and the displacement of hundreds of students. black.”

The school district told ABC News in response to the ACLU’s accusation that decisions to consolidate schools are “difficult, but may be necessary.”

“The State of California has identified school consolidations as an area the district needs to focus on to improve its long-term fiscal health,” OUSD said. “Alameda County recently noted that the district’s improved financial situation is partly the result of school consolidations. The schools to consolidate were selected based on a number of factors, including but not limited to low enrollment. OUSD is investing some of its newly available funding to better support students, prioritizing Black students in many areas. The District has been, and continues to be, focused on addressing the inequities that exist in student achievement, and must make ongoing funding adjustments to do so.

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