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GM wheels in tax break on $50bn profit

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp KCS-content Share GENERAL Motors will not have to pay US federal taxes on up to $50bn (£31bn) of profits for as long as 20 years because of a tax exemption for companies bailed out by the government under the Troubled Asset Relief Programme (Tarp).The government ruling, passed last year, means the losses racked up by GM before its government-funded bankruptcy can be used to offset its future tax liabilities, according to a report in the Wall Street Journal.With the standard federal corporate tax rate at 35 per cent, that tax break could save GM $17.5bn.The news comes as the Detroit carmaker sets out to repay around $7bn of the $58bn it owes the taxpayer, through a public share listing of between $9.5bn and $10.5bn, valuing the company at around £60bn – roughly equivalent to rival Ford.The tax benefit comes from so-called tax-loss carry-forwards, which allow companies to use previous losses to shield profits for up to 20 years.Previously, companies that have a significant change in ownership – as GM did when the government took a 61 per cent stake in the company – would be restricted from claiming the tax break.But, according to reports, the government last year decided Tarp recipients would not be barred – because the tax boost makes bailed-out companies more attractive to investors. The rationale is that even though the government loses out on tax payments, there would be no taxes paid at all if the companies fail.GM expects to sell 365m common shares at $26 to $29 each. GM also plans to sell $3bn of preferred shares that would convert to common shares under mandatory provisions.GM, which emerged from bankruptcy in July 2009 with the US Treasury as its majority shareholder, is likely to sell a combined $1.5bn to $2bn stake to four or five sovereign wealth funds, sources said. GM wheels in tax break on $50bn profit whatsapp Show Comments ▼ Tuesday 2 November 2010 10:01 pm Tags: NULLlast_img read more

BEST OF THE BROKERS

first_img whatsapp JD WETHERSPOONUBS rates the pub chain a “buy” but has reduced its target price to 500p from 525p. The broker points to a one-off increase in spending on staff and repairs that are depressing margins, but adds that earlier opening hours will increase group margins above the firm’s historic 10 per cent trend as soon as 2012.LANCASHIREShore Capital rates the insurer a “buy” with a target price of 580p. Shore notes underwriting and capital discipline in the firm’s recent quarterly results, with a robust balance sheet and debt gearing of just over eight per cent. The broker adds that the firm’s special dividend alone represents a 15 per cent yield.RANDALL & QUILTERNumis rates the insurance firm a “buy” with a target price of 140p. The broker sees the firm’s recent agreement with the Lloyd’s market to form a syndicate next year as a positive step, which will diversify the company. The broker believes the deal could support a higher price to earnings ratio, which now stands at 8.7 times. Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory Monday 8 November 2010 7:51 pm Sharecenter_img KCS-content Tags: NULL BEST OF THE BROKERS Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapplast_img read more

Jitters hit Edwards as listings struggle

first_img KCS-content Share whatsapp Wednesday 6 April 2011 7:46 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Jitters hit Edwards as listings struggle DEMAND for shares in Edwards, the vacuum technology group that intends to float in London, is too low to guarantee an initial public offering (IPO) will go ahead, sources said last night.Edwards is due to price its shares before the end of the week, but there have been concerns over the appetite for stock.Today is the last day of the firm’s roadshow to drum up interest, although sources close to the process say talks with investors have gone well and that significant orders are still coming in.Edwards is looking to raise at least £375m through a listing on the London Stock Exchange. Its private equity backers – CCMP Capital and Unitas Capital – own a combined 90 per cent stake of the firm, which was valued at £1.5bn last year.It is one of a number of floats that has faced volatile market conditions since the start of this year.Oil services firm Topaz Energy and Marine last week pulled its $500m (£306m) London floatation after investors failed to show enough appetite for the shares.Danish outsourcer ISS and French media group Lagardere have also recently postponed listing plans.Just under €3bn (£2.6bn) in total was raised through IPOs during the first-quarter of this year, a report by PricewaterhouseCoopers (PwC) published today finds.Deal values plummeted 71 per cent, compared to the fourth-quarter of last year, when floats generated more than €10bn.Richard Weaver, capital markets partner at PwC, said: “It’s a volatile and uncertain time for the IPO market.“Investors are currently so wary that the price they are prepared to pay often doesn’t come close to matching sellers’ expectations. Those companies which are taking the plunge in the coming weeks will be acutely aware of this.”He added: “I wouldn’t see it all as doom and gloom, there is definitely appetite for the right companies to IPO.” Tags: NULL whatsapp Show Comments ▼last_img read more

MGA appoints Brincat as new CEO

first_imgBrincat is a member of the board of the Financial Intelligence Analysis Unit, as well as a member of the International Association of Gambling Regulators (IAGR). Brincat joined the MGA in 2014 as a legal advisor and held a variety of legal roles before becoming chief legal and enforcement officer in 2019. Prior to joining the MGA, he worked at law firm Emmanuel Mallia & Associates. Regions: Europe Southern Europe Malta The Malta Gaming Authority (MGA) has appointed Dr Carl Brincat, previously its chief legal and enforcement officer, as its new chief executive with immediate effect, filling the void left when Heathcliff Farrugia stepped down last year. “It is an honour to be selected to lead the organisation at such a critical juncture for the MGA and the industry alike,” Brincat said. “I am proud of the work that has been done by the Authority so far in raising regulatory standards and committed to ensuring that we continue along this path.  Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter MGA appoints Brincat as new CEO The MGA said Brincat was selected after “a highly competitive selection process” after it launched a public call for applications on 17 December.center_img “However, it is essential that we cultivate stronger partnerships with other regulators and stakeholders, and the industry itself, to achieve a regulatory environment that accomplishes the MGA’s objectives as set out in the law in the most effective, transparent, and proportionate manner.” Topics: Legal & compliance People Regulation People moves People moves Tags: Carl Brincat Email Address 26th January 2021 | By Daniel O’Boyle Farrugia announced that he would step down from the chief executive role in October 2020, after being appointed in April 2018.last_img read more

Republic Bank (Ghana) Limited (RBGH.gh) 2017 Annual Report

first_imgRepublic Bank (Ghana) Limited (RBGH.gh) listed on the Ghana Stock Exchange under the Banking sector has released it’s 2017 annual report.For more information about Republic Bank (Ghana) Limited (RBGH.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Republic Bank (Ghana) Limited (RBGH.gh) company page on AfricanFinancials.Document: Republic Bank (Ghana) Limited (RBGH.gh)  2017 annual report.Company ProfileRepublic Bank (Ghana) Limited, formerly known as HFC Bank Limited, is a financial services institution in Ghana offering banking products and services for the investment, corporate, retail and mortgage sectors as well as solutions for asset management, property management and development services. The company is focused on 4 segments: consumer, mortgage, corporate and microfinance banking. Mortgage banking services include home equity, home purchase or improvement mortgages and public-sector home schemes. Investment banking services include asset management, financial advisory, brokerage and managed funds. The commercial division offers a full-service product and service offering including home, education, executive and business loans and foreign trade and document processing services. Private banking services include cash management, investment accounts, mortgage facilities and safe custody services. Republic Bank (Ghana) Limited also provides foreign currency, institutional finance and electronic and mobile banking services. Republic Bank (Ghana) Limited is a subsidiary of Republic Financial Holdings Limited. Republic Bank (Ghana) Limited is listed on the Ghana Stock Exchangelast_img read more

More applications for GlaxoSmithKline IMPACT awards sought

first_img Howard Lake | 23 August 2004 | News More applications for GlaxoSmithKline IMPACT awards sought  20 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis A tip on the trust-fundraising special interest group e-mail list suggests that GlaxoSmithKline is keen to receive more applications for its IMPACT awards.Unusually the awards offer up to £30,000 of unrestricted funding. They are open to registered charities which have operated for over three years in a health-related field in the UK, and which have an annual budget of under £750,000.The ten winners will each receive £20,000 and the overall winner will get an additional £10,000. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Recipients get to decide how to spend the money: there is no need for the charity to create a new project to benefit from the award. This is because the awards recognise success and achievements for existing work.Such flexible awards are unusual in the charity sector, so it is surprising that GlaxoSmithKline is having to encourage more applications, as indicated by Penny Clover, writing on the trust-fundraising e-mail list.The deadline for applications is 22 October 2004. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

New CEO at the Fire Fighters Charity

first_img Howard Lake | 20 July 2011 | News New CEO at the Fire Fighters Charity Tagged with: Management Recruitment / people AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Fire Fighters Charity has appointed John Parry as its Chief Executive Officer. Parry has served with a number of fire brigades over the last 30 years, completing his serving career as Chief Fire Officer of Oxfordshire Fire and Rescue Service and Executive Officer with Oxfordshire County Council.The Fire Fighters Charity is available for all members of the fire service community during their times of need, assisting thousands of individuals every year by providing bespoke treatment and support services.The charity has three centres in Devon, Cumbria and West Sussex, offering rehabilitation programmes to eligible beneficiaries of the fire service community, as well as recuperation breakswww.firefighterscharity.org.uk  17 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Haiti in turmoil as masses reject corrupt election

first_imgTens of thousands of Haitians took to the streets Jan. 22 to protest the scheduled second round of corrupt presidential elections. The demonstrators could hardly contain their glee when word spread that it had been canceled. They had defied both the vicious brutality of the cops and the “assurances” of U.S. diplomats that the first round had been fair.‘We oppose all: Stolen elections, stolen water, stolen gas, any interference. Down with 1-24-16 [election]!’Protests were held throughout the country, the largest of them in Haiti’s capital, Port-au-Prince.The Provisional Electoral Council (CEP) canceled the round without setting a new date.The protesters raised new demands on Jan. 24. They now want President Michel Martelly to leave office immediately, even before his term ends on Feb. 7.Fanmi Lavalas, a progressive mass party in Haiti whose leader is former President Jean-Bertrand Aristide, called the decision of the CEP a victory for democracy and the Haitian people. The electoral council has been openly tied to the United States and the so-called “core” group of France, Canada, the Organization of American States, the United Nations and the European Union.Fanmi Lavalas said in a statement on its Facebook page Jan. 23 that it will continue to support struggles throughout the country.Massive protest inspires international supportThe march on Jan. 22 went along the Delmas Road from the poorest neighborhoods of Port-au-Prince to Petionville, where many of the rich and powerful live in sumptuous luxury. It then flowed back to the Champ de Mars, a large space in the center of Port-au-Prince.The march was shadowed by the Company for Intervention and the Maintenance of Order of the National Police. CIMO is Haiti’s heavily armed national SWAT team, but that day it limited itself to firing in the air and using tear gas.CIMO also cleared the streets of burning barricades and put out fires set in some fancy cars. Whenever CIMO set up a barricade, the protesters — with enthusiastic support from neighborhood people — split up and went around the cops. (Kim Ives and Tercier Daniel, Facebook)The protesters were so charged up that when CIMO personnel carriers pushed through the crowds, they pushed back, according to videos circulating on Facebook.This massive protest by the people, firmly rejecting pressures from U.S. imperialism and the Core Group that dictate how and who is chosen to lead the Haitian state, has inspired international support. The Bolivarian Alliance for the Peoples of Our America (ALBA) issued a statement Jan. 21 denouncing electoral fraud in Haiti, calling for the withdrawal of the U.N. forces known as Minustah and for the “cessation of any external interference from the international community against the will of the Haitian people.”The Argentine Solidarity Committee issued a call the same day, noting, “The Haitian people are in a critical battle at this moment fighting for sovereignty and the right of self-determination.” What makes this especially important is that Argentinian soldiers make up a significant portion of Minustah.Ending electoral crisis while economy tottersThere are two contending political positions in the Haitian opposition over how to resolve this electoral crisis. There is no support for extending Martelly’s term after Feb. 7. It is not going to be possible to organize elections before he is gone, and there are grave doubts about the fairness and validity of the parliamentary elections, even though the Haitian Parliament is meeting.Jovenel Moïse, the candidate for Martelly’s PHTK party and his imperialist backers like the U.N., the Core Group and the U.S., would like a brief, cleaned-up and widely accepted second round against Jude Célestin, candidate of the Alternative League for Haitian Progress and Empowerment (LAPEH). These two candidates came in first and second in the “official” counts. They’ve already spent over $100 million on this election and want to be done with it.Pitit Desalin and Fanmi Lavalas, the parties that came in third and fourth in the “official” counts, take the position that the first round of the election was fraudulent. They want to repeat the whole election cycle, including parliamentary elections, where there were also serious problems. Some political currents in this camp feel it is impossible to have fair and free elections when the country is militarily occupied by the U.N.’s Minustah troops.During this very sharp and serious struggle over the political direction of Haiti, its economy is tottering.The neighboring Dominican Republic has expelled 129,000 people because they are Haitians or the children of Haitians. They have been cooped up in totally dilapidated, nearly waterless camps on the border. Many spent their lives in the DR and are more comfortable speaking Spanish than Creole.Jovenel Moïse illustrates another economic problem plaguing Haiti. He is a banana exporter who, using $6 million in state loans, plus favorable rulings from local officials, was able to seize 2,371 acres by driving 800 farm families off their land. His plantation currently ships 40 truck-size containers of bananas to Germany each week and must begin shipping 160 a week within the next three years. That will mean more land grabbed and less production of food for domestic consumption, plus a higher import bill and less need for farm labor. (otherworldsarepossible.org, Jan. 21)Currently only 13 percent of Haiti’s workforce is in formal, regular jobs. Its economy, never fully recovered from the earthquake of six years ago and in bad shape before the earthquake, is being squeezed by global austerity.Since their revolution against French colonial rule more than two centuries ago, the Haitian people have never stopped struggling as hard as they can for real independence. Their struggle deserves our support.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Journalists could be fined a million dollars for criticizing emir

first_img February 23, 2015 Find out more KuwaitMiddle East – North Africa January 21, 2016 Find out more News September 5, 2014 Find out more KuwaitMiddle East – North Africa April 10, 2013 – Updated on January 20, 2016 Journalists could be fined a million dollars for criticizing emir RSF_en News Courts uphold newspaper’s closure, increase blogger’s jail term Receive email alerts Follow the news on Kuwait Help by sharing this information Organisation Related documents 130410_cp_loi_medias_ar-2.pdfPDF – 294.3 KB New Cyber Crimes Law restricts free expression and targets online activists News Read in Arabic (بالعربية)Reporters Without Borders is alarmed by a draft media law which the government unveiled on 8 April and which would deal a major setback to freedom of information in Kuwait if approved by the national assembly. It would allow the authorities to fine journalists up to 300,000 dinars (1 million dollars) for criticizing the emir or the crown prince, or misrepresenting what they say, and impose sentences of up to 10 years in prison on journalists who insult God, the Prophets of Islam, or the Prophet Mohamed’s wives or companions.“We are outraged by the government’s desire to use this draconian law to control information and restrict freedom of expression,” Reporters Without Borders said, urging the national assembly to reject it. “We point out that freedom of information is a fundamental freedom enshrined in article 19 of the Universal Declaration of Human Rights. Kuwait ratified this declaration and must respect its national and international obligations. If adopted by the national assembly, this law would pose a terrible threat to media freedom and would certainly not ‘bolster’ the media, as the Information Minister cynically claimed.”The bill’s unveiling follows a dangerous surge in convictions of news providers in the past few months. The victims include the blogger Badr Al-Rashidi, who was sentenced on appeal on 20 March to five years of forced labour on charges of sending tweets that supposedly insulted the emir, spread false information and undermined the emirate’s reputation. Detained since June 2012 and originally sentenced to two years in prison, Rashidi always insisted on his innocence and denies sending the offending tweets. His Twitter account continued to be used after his arrest, proving that it was being used by someone else and must have been hacked into.On 4 February, the court of cassation upheld a sentence of 10 years of forced labour for the blogger Ourance Rashidi, who was convicted on 27 October 2011 of criticizing the emir in videos posted on YouTube and spreading “false information.”Ayyad Al-Harbi, a journalist with the independent website Sabr who has more than 13,000 followers on Twitter, was sentenced to two years in prison on 7 January for “insulting the emir” in articles about corruption in government circles and the regime’s repressive policies.Those defended by Reporters Without Borders include Rima Al-Baghdady and Ahmad El-Enezi, two journalists with the Kuwaiti TV station Al-Yaum who read an opposition press release during a news bulletin on 9 October 2012. They are accused of defaming the emir, undermining his authority and insulting the emirate’s traditional values – charges that carry a possible five-year jail term. In a hearing on 10 April, the court decided to postpone examination of defence evidence until 8 May.“All the jail sentences being imposed on bloggers and netizens are a source of serious concern,” Reporters Without Borders said. “The latest sentences are very severe – two to ten years in prison for blog posts, tweets or a few videos! The convictions on charges of insulting the emir and spreading false information are in most cases a roundabout way of preventing criticism of the government, so this policy of intimidating bloggers and netizens directly threatens freedom of information.” News Popular blogger charged with blasphemy to go furtherlast_img read more

Kaplan, Lambda Chi Alpha to Launch Transformational Programs that Support Soft Skills, Credentials for…

first_img Twitter Pinterest Local NewsBusiness WhatsApp Twitter Kaplan, Lambda Chi Alpha to Launch Transformational Programs that Support Soft Skills, Credentials for Gen Z Students  By Digital AIM Web Support – February 18, 2021 FT. LAUDERDALE, Fla. & LONDON & CARMEL, Ind.–(BUSINESS WIRE)–Feb 18, 2021– Kaplan, Inc., a global leader in academic innovation, and Lambda Chi Alpha Fraternity, one of the largest fraternities in North America, today announced the planned launch of a set of transformational new programs that will address the gap between college education and career readiness training, providing digital badge credentials and marketable skills to help meet the needs of Generation Z college students. Prior to the 2021 fall semester, Lambda Chi Alpha members can enroll and start earning credentials in the innovative Leadership Skills CredentialProgram, designed in partnership with Kaplan to develop four learning journeys: Leadership, Finance, Philanthropy, and Recruiting. This training will teach a blend of technical and soft skills, such as, teamwork, problem solving, critical thinking, work ethic, flexibility, adaptability and other interpersonal skills needed to successfully obtain and maintain employment. “We saw an opportunity to provide a resource that many college-aged students in Generation Z don’t have right now,” said Troy Medley, CEO of Lambda Chi Alpha, which has chapters at nearly 200 universities. “As we continue to grapple with an unprecedented pandemic and economic recession, Gen Z students need and want greater ROI from their college experience. Employers also want to know that the graduates they hire are career-ready. Likewise, students want to graduate with quantifiable abilities that lead to a high-paying job. We believe this program will bridge the gap between the high-level theory of college classroom learning and real-world practical training. The certifications earned will offer proof of work readiness that our members can offer employers.” Lambda Chi Alpha executive leadership collaborated with Kaplan to design the Leadership Skills CredentialProgram, which will be delivered through Kaplan Performance Academy (KPA), a proprietary management system that provides digital learning experiences, technology and expertise to enhance professional performance in the workplace. The Leadership Skills Credential Program will help Gen Z students overcome deficiencies in work experience and workplace readiness which have been exacerbated under the current pandemic and recession. The timing of this comprehensive career readiness training and support could not be better for students. As COVID-19 continues to negatively impact jobs, the economy and employment, the oldest Generation Z members (ages 18 to 22) are facing tremendous challenges entering the workforce, including record-high unemployment. According to the Pew Research Center, half of Gen Zers reported that they or someone in their household had lost a job or taken a cut in pay because of the pandemic. Making matters worse, Gen Zers are already less likely to have work experience compared to previous generations when they were young adults. While 62 percent of Gen Z was employed in 2018, a higher percentage of Millennials (71 percent) and Gen Xers (79 percent) were working when they were a comparable age, which means many Gen Z young adults could lack the basic skills to succeed in today’s workplace. With competency-based certifications earned as a benefit, the Leadership Skills Credential Program will initially offer 23 competencies or topics. The program will be offered to all Lambda Chi Alpha officers (chapter presidents, treasurers, recruitment chairs, and philanthropy chairs) and will eventually include all fraternity members. Andrew Perkins, KPA Global Director, said, “The students who receive this training will have a huge advantage over their peers in the job market. Today’s business environment demands that employees have practical application of the skills necessary to thrive in the workplace. We have designed the curriculum in a way that will engage college students in visual and interactive experiences. The skills and credentials they earn will increase their job opportunities and help them succeed in their careers.” Employers agree. “I believe that Lambda Chi Alpha’s efforts in providing a digital badging certification program to its members give its student leaders the opportunity to represent the vital career readiness skills they develop during their Greek experience and a way to demonstrate those skills to potential employers on their resumes, LinkedIn profiles, and similar documentation,” said David Ong, Senior Director of Talent Acquisition for Maximus, Inc., and the President-elect of the National Association of Colleges and Employers (NACE). Specializing in corporate training, Kaplan’s KPA works with companies around the world to offer assessments, customized learning journeys, and skills coaching in a variety of delivery methods and features a global network of accredited subject matter experts to support individuals in their professional development. The Leadership Skills Credential Program training will be certified by an independent third party, Credly Acclaim, which works with leading brands including IBM, Adobe, Oracle and Dell. These companies use Credly as an internal certification tool to measure the growth of their employees’ competencies and skills. The partnership between Lambda Chi Alpha and Kaplan highlights the evolving nature of both organizations. Long known on college campuses for its test prep offerings, Kaplan is a diversified global educational powerhouse that has recently begun offering a number of “work prep” solutions, from programs to help high school students explore potential careers to solutions enabling universities to combine degree programs with industry-recognized credentials. Lambda Chi Alpha, founded in 1909, is working to create a model modern fraternity that prioritizes leadership, membership, diversity and inclusion, physical and mental health, and public service. This includes placing greater emphasis on creating leadership opportunities for members that carry professional value, broadening its role from building relationships to building critical lifelong skills. About Lambda Chi Alpha Fraternity, Inc. Headquartered in the Indianapolis suburb of Carmel, Ind., Lambda Chi Alpha Fraternity is one of the largest men’s general fraternities in North America with more than 295,000 initiated members and has held chapters at more than 300 universities. In the early 1970s, it was the first fraternity to eliminate pledging and remains a leader in the fight against hazing, alcohol abuse, sexual assault and other challenges facing today’s college student. Complemented by its partnerships with Feeding America and the JED Foundation, Lambda Chi Alpha serves to enhance higher education by providing opportunities for academic achievement, leadership development, personal growth, career networking and lifelong friendships. The mission of Lambda Chi Alpha is to inspire and equip men to lead an ethical life of growth, service, and leadership. Lambda Chi Alpha envisions a world where the ideal man pursues a life of respect and inclusion for all. A world where we support and encourage one another. And a world where every brother models and embraces our values: loyalty, duty, respect, service and stewardship, honor, integrity, and personal courage. To learn more about Lambda Chi, please visit www.lambdachi.org. #GrowServeLead About Kaplan Kaplan provides individuals, universities, and businesses a broad array of educational services, including higher and professional education, test preparation, language training, corporate and leadership training, and student recruitment, online enablement and other university support services. With operations in nearly 30 countries, Kaplan serves nearly 1.1 million students each year and has partnerships with 2,000-plus universities, colleges, and schools/school districts, and more than 4,000 businesses globally. Kaplan is a subsidiary of Graham Holdings Company (NYSE: GHC). For more information, please visit kaplan.com. View source version on businesswire.com:https://www.businesswire.com/news/home/20210218005321/en/ CONTACT: For Lambda Chi Alpha Fraternity Charles Chamberlayne Chamberlayne PR +1 202-302-7612 [email protected] For Kaplan Gregory Ten Eyck Director, Communications +1 954-515-3026 [email protected] KEYWORD: EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA INDIANA FLORIDA INDUSTRY KEYWORD: EDUCATION TRAINING CONTINUING UNIVERSITY SOURCE: Kaplan, Inc. Copyright Business Wire 2021. PUB: 02/18/2021 08:30 AM/DISC: 02/18/2021 08:31 AM http://www.businesswire.com/news/home/20210218005321/encenter_img Facebook Previous articleNASA rover streaks toward a landing on MarsNext articleLiveRamp Completes Acquisition of DataFleets Digital AIM Web Support TAGS  WhatsApp Pinterest Facebooklast_img read more

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