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Kamis, 30 September 2021

This is how the principal residence rule works for Canadian homeowners - The Globe and Mail

There’s no shortage of folks wanting to buy homes. Last week, I wrote about ways to pay for a home, and some thinking around structuring ownership. Today, I want to cover a potpourri of ideas you should keep in mind if you’re hoping to own a property – or a second property – some time in the future.

Principal residence rules

Since 1982, each family unit (which includes you, your spouse or common-law partner, and any unmarried kids under the age of 18) has been able to designate one property as its principal residence for each calendar year. To simplify the explanation, if you own a property for, say, 10 years and you designate it as your principal residence for five of those 10 years, you’ll be able to shelter one half of any gain on that property from tax using the principal residence exemption (PRE).

To designate a property as your principal residence you have to “ordinarily inhabit” the place. There’s no definition of “ordinarily inhabit” in our tax law, but the Canada Revenue Agency takes the position that living in the place for even a “short period of time” should be sufficient. So, a seasonal cottage could qualify, for example. But it must also be true that the property is not primarily used for earning income – like a rental property. Finally, the property must also be a “capital property” (more on this below).

Short-term ownership issues

While there’s no specific time frame over which you have to own a property for it to qualify as a principal residence, the taxman will take offence if you try to claim the PRE when your intention was really to flip the property for a profit after a short time. To qualify for the PRE, the property must be a “capital property,” and if your intention is to buy, perhaps fix and then flip the property, the taxman takes the view that this is more akin to business inventory than a capital property. In this case, you could be taxed on your profits as regular business income. If you buy a property for long-term personal use or to earn income, then you’ll have a better argument that the property is a capital property subject to capital gains tax treatment on a sale. Again, if it’s for personal use (not primarily income-producing), then you may be able to shelter any capital gain from tax using the PRE.

Capital improvements

Be sure to keep track of all your capital improvements on your property – particularly if you’re going to face tax on all or any portion of a gain on a sale later. Capital improvements can be added to your initial cost of the property when calculating your adjusted cost base (ACB). The difference between your sale proceeds and your ACB will be the capital gain that could be taxable. Capital improvements are things that extend the useful life of the property or restore it beyond its original condition. Things such as a new roof, swimming pool, permanent landscaping, major renovation or a new addition to a home are typically capital improvements.

Long-standing ownership

If you already own a home that you’ve held since before 1982, it may be possible to shelter more than one property with the PRE. Prior to 1982, each individual – not each family unit – was entitled to their own PRE. Today, it’s still possible to shelter pre-1982 gains on more than one property – including the cottage. And if you’ve owned a home since before 1972, you won’t face tax on any capital gains prior to that year since capital gains weren’t taxable back then. Speak to a tax professional about these ideas.

Changing use of the property

If you change the use of a property from personal use to income-producing, or the other way around, you’ll be deemed to have sold, and to have reacquired, the property at the time of the change in use. This could trigger a tax bill if you’re converting a rental property to personal use. (See my article, Changing the Use of a Property Can Come with a Tax Surprise, dated July 8, 2021, for more on this.)

Next time, I’ll finish this conversation by talking about cottages, income properties and U.S. real estate.

Tim Cestnick, FCPA, FCA, CPA(IL), CFP, TEP, is an author, and co-founder and CEO of Our Family Office Inc. He can be reached at tim@ourfamilyoffice.ca.

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This is how the principal residence rule works for Canadian homeowners - The Globe and Mail
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Fight video of O'Keeffe students called "disturbing" by school principal - Madison.com

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Fight video of O'Keeffe students called "disturbing" by school principal  Madison.com
Fight video of O'Keeffe students called "disturbing" by school principal - Madison.com
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UE Elementary School Principal Ernest Koehler Passes Away - wnbf.com

A man who guided young people for over 30 years is being remembered for his work in education and community service.

Ernest Koehler of Endwell had been a teacher in the Union Endicott School District at the George H. Nichols Elementary School before becoming Principal of the George W. Johnson Elementary School in a career that spanned 32 years until his retirement in 1984.

According to the obituary placed by the family, Koehler was honored in 2008 when the lobby of the George F. Johnson Elementary School was named after him.

He was also a member of the Lions Club and a president of the Boys & Girls Club in Endicott.

Koehler was 94.

Funeral services will be held at 10:30 a.m. Saturday, October 2 at the Allen Memorial Home on East Main Street in Endicott.

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SEE: 30 Toys That Defined the '70s

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UE Elementary School Principal Ernest Koehler Passes Away - wnbf.com
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Students Sought Changes at Their Middle School. Their Principal Listened - Education Week

Natalie Armstrong wore leggings all through elementary school. But she had to adjust her go-to wardrobe when she started 6th grade at Western Branch Middle School in Chesapeake, Va., because the dress code policy required girls to wear tops that fell past their buttocks if they were wearing leggings.

Cold-shoulder tops also were banned, along with shorts that ended above the knees and jeans with rips or holes. Boys couldn’t wear sagging pants. And students who repeatedly violated those rules could face an in-school suspension.

“I literally had to wear a dress over my leggings,” said Armstrong, 14, now a freshman at Western Branch High School, who added that she spent more time in the morning worrying about whether her clothes would get her into trouble than about what she’d learn in school that day. “I was so annoyed with it—since the day I got into 6th grade.”

That’s changed due to the efforts of a student-led social justice task force initiated by Principal S. Kambar Khoshaba that has prompted action in the last year on issues from the dress code to the concerns of LGBTQ students and inclusion of students of color in honors classes.

“If you listen to kids, they’ll give you a different perspective,” said Khoshaba, who invited students last year to share what they’d like to change at school. “They are the primary clients.”

In addition to dress code changes, the social justice council’s efforts prompted much-needed privacy additions and aesthetic upgrades to the girls’ and boys’ restrooms, and changes in the lunchtime seating arrangement that allowed students in some grades to eat with friends.

Efforts to foster a more-inclusive school environment include a new sensory garden for students with autism and a Gay-Straight Alliance club.

And the school is modifying how it selects students for honors classes in response to concerns that students of color were underrepresented in those classes.

A concerted effort to have students’ voices heard

With the coronavirus pandemic disrupting schooling and communities for nearly 18 months and the country undergoing a wide discussion about equity, Khoshaba wanted to give students an opportunity to have their voices heard and actively shape their experience during the school year.

“I want students to feel like this is a safe place for them, that is where they’ve had the best time of their lives,” said Khoshaba, who is in his eighth year as the school’s principal. “And in order to do that, we have to talk to them, we have to listen to them. For me, it’s been 30 years or so since I’ve been [a student]. ... What was available for me back in the day and what’s available to our students today are drastically different.”

Principal Kambar Khoshaba at Western Branch Middle School in Chesapeake, Va., on Sept. 21, 2021. Khoshaba, who has been principal at the school for eight years, has made big strides in “letting kids express themselves in a socially acceptable way,” he said.

Khoshaba initially invited 40 students to participate in the initiative last year, 20 each from 7th and 8th grades. Because some students were still learning remotely, half of the students invited were at home.

He also opened participation to anyone else in the school, to draw beyond the students who were most often involved in school activities. Eventually, a core group of 15 students, mostly 8th graders, stayed on.

They came with lots of ideas, some of which they had been itching to get off their chests for some time.

The dress code was one burning issue. Participants also said LGBTQ students, some of whom were being bullied, needed more support. There were issues with the girls’ restroom: The smell was unpleasant, there was a gap when the door closed that didn’t allow for complete privacy—and they wanted full-length mirrors. The urinals in the boys’ restrooms also lacked privacy barriers, and students had to keep their hands on the faucet to keep the water running while washing their hands.

While one student suggested no homework, and another Kool-Aid in the fountain, the students “were not asking for anything unreasonable,” Khoshaba said.

“By and large, the things that we settled on were very serious and mature topics,” he said.

A particularly meaty one was the enrollment of students of color in advanced classes. Khoshaba dug into the school’s data and found that the students’ perceptions were correct.

While about 37 percent of students at Western Branch were Black, they made up 24 percent of those enrolled in honors classes.

“Their perception was validated by the numbers,” Khoshaba said.

The school uses state standardized tests, reading scores, class grades, and teacher recommendations for placement in those courses. But often, if a child is not in honors in 6th grade, even if they get all A’s in their regular courses, they stayed on the regular track in subsequent grades. And some parents, who were also participating in a school-led social justice initiative for adults, told Khoshaba that they didn’t know how to get their children into those classes.

After discussion, the academic team developed a profile of character traits students in those classes demonstrated, such as being self-starters, organized, motivated, and ready to take on challenges.

Your voice can be very powerful in shaping the world. ... Look at what you’re doing to shape the [school’s] culture, not just for this year’s kids, but for future generations.

The team is asking teachers to recommend students who are doing well in their courses and show those traits for honors courses. The school is deemphasizing— but not removing—standardized testing as part of the honors entrance considerations. And it’s also made it less intimidating to take honors, allowing students to enroll in one of two courses instead of a full slate.

The disproportionality gap for Black student placement in honors has fallen from 13 percent to 8 percent from last school year to this one, Khoshaba said.

Student Council advisor Amy Daniel demonstrates a sensory wall at Western Branch Middle School in Chesapeake, Va., on Sept. 21, 2021.

Making the case on highly personal issues

On the dress code, the students came prepared to back up their requests. They told their principal that the dress code was unfair to girls, students of color, and poor students.

“One of the kids sent me research,” Khoshaba said, “which was humorous as well as amazing to me that a child would be so invested.”

But it was Armstrong’s statement that she spent so much time in the morning worrying about what to wear so she wouldn’t earn a dress code violation—or get “dress-coded” as the students referred to it—that floored Khoshaba.

He wasn’t aware of how much of a problem the code was for female students.

“That’s a hard concept—to say that our practices are discriminatory,” said Khoshaba, who inherited the policy when he became principal. “It’s hard because you need to be open to the idea that you may be discriminating against kids.”

With half the students at home last year, Khoshaba used the opportunity to try out the new dress code—girls can wear shorts up to the mid-thigh, and cold-shoulder tops are now permitted, for example. The school has dialed down the punishment, opting to have an in-person suspension served during lunch time for repeat violations.

“I was really excited, and I know a lot of students were excited that they could wear the clothes they wanted and they were comfortable in school,” Armstrong said. “They were happy about it. It makes me feel better about making that change.”

Grace Bowers, who thought the dress code was unfair to female students, said the changes have been a relief.

“I am very proud of what we did,” said Bowers, now a high school freshman. “It was really a positive change for me and for students in the middle school now … I don’t think they are as anxious to think they are going to get ‘dress-coded,’ or what other people will think about what they are wearing. It relieves so much tension.”

Restrooms were updated with new faucets and black strips were added to ensure privacy in the girls’ bathroom. Misting sprays were purchased to deal with the odor, and partitions were installed so that boys could have some privacy in the restroom. And full-length mirrors were added to the girls’ bathrooms.

The students give their principal credit for facilitating the changes.

“He’s always been on top of stuff, and he’s always been good about actually listening to us and getting it done, so I did expect it to be fixed,” said Ava Bell, 13, who was part of the group that discussed the girls’ bathroom issue with Khoshaba over the summer.

“I was just very surprised at how soon he got it done, because it was done before school started.”

Western Branch Middle School students from left: Natalie Armstrong, Mackenzie Blair, Alexandra Clarke, Makayla Waiters and Grace Bowers.

Bell is more empowered to approach the principal if she sees things that need to be addressed.

“Knowing that he helped us with that, and he’s helped us before with problems, it makes me feel more confident that other students will go ask—because when you have someone that actually gets stuff done, it makes you feel better to talk to them and ask for help,” Bell said.

Inclusivity, which is also part of the school’s theme this year, is also important to Bell.

“We’ve been really trying to include everyone, because if school is only good for one person, then it’s not good for everyone else,” Bell said.

A learning process continues

The honors program remains a work in progress, and there were questions about whether the quality of the program would be diluted. The only issue that was somewhat controversial was the proposal to start a Gay-Straight Alliance club, Khoshaba said.

“Everybody who I’ve talked to wants to support children,” Khoshaba said. “This was just a concern [about] why are we doing this and why are we doing it now. I explained to people I spoke with that this is what students are asking for, and if students are asking for something, if it’s reasonable and we can do it, we’re going to do it because this is a student-centered school.”

It was a powerful learning process for the students, he said.

“The kids saw that they said something, and it changed the experience at school,” Khoshaba said. “Your voice can be very powerful in shaping the world. ... Look at what you’re doing to shape the [school’s] culture, not just for this year’s kids, but for future generations.”

Bowers said it was a fun experience participating in the committee, and she will likely continue to speak up about things she cares about.

“It made me feel very confident that I actually had a voice, that I could say what I wanted, and that my opinion was valid,” Bowers said.

Lindsey Coates, 13, a member of the cheer team, yearbook, and the Student Council Association, said the process made her comfortable bringing her concerns to the principal’s attention.

“It just made me feel really seen and appreciated, ” Coates said. “Our school really listened to us … I feel comfortable bringing ideas to light.”

Amy Daniel, who teaches 8th grade U.S. History and serves as director of student activities, the SCA advisor, and PTA liaison, wasn’t surprised by the topics the students asked Khoshaba to address, but she was struck by the level of detail and the rationale underpinning those requests.

“Sometimes it makes a difference when it comes from kids, sometimes it can be so moving—it’s like that lightbulb goes off,” Daniel said.

Students, she said, felt they’d been listened to by their principal.

“I feel like what you’re doing is you’re modeling the proper way for leadership,” Daniel said. “He’s letting kids know [how] to make positive decisions, and he’s showing that part of being a good leader is listening and taking action.”

Makayla Waiters, 13, who is involved in the Student Council Association and orchestra, quickly accepted Khoshaba’s invitation to join the social justice initiative last year. A key point for her was celebrating students’ heritage and promoting unity and an inclusive school community, where students of all backgrounds and sexualities felt comfortable.

“It’s definitely an accomplishment that I won’t forget—ever,” she said of the changes made so far because of the students’ involvement.

Adults, she said, should take students’ concerns seriously. “They should definitely treat them like people, and not just kids taking tests and getting good grades--just treat them as people, as equals.” she said. “Make them feel like they have a voice, …but also [guide] them to help them make the right decisions.”

Mia Arie Wilson, 13, who participates in the Student Council Association and cheerleading, was also part of the “Be You, for You” campaign to promote schoolwide inclusivity.

“It’s symbolically letting kids know everyone has the right to feel comfortable in their own person,” she said. “It’s a reminder to be kind, to be accepting of people.”

The improvements have led to a more peaceful schooling environment.

“It’s just really peaceful. You can wake up in the morning and just know that you’re going to have a peaceful day here, and I really like that.”

Coverage of principals and school leadership is supported in part by a grant from the Joyce Foundation, at https://ift.tt/3kR6Po5. Education Week retains sole editorial control over the content of this coverage.

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Students Sought Changes at Their Middle School. Their Principal Listened - Education Week
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Rabu, 29 September 2021

Principal Global Asset Allocation CIO on Markets - Bloomberg

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Principal Global Asset Allocation CIO on Markets  Bloomberg
Principal Global Asset Allocation CIO on Markets - Bloomberg
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Powell River Board of Education announces new principal of Indigenous education - Powell River Peak

Powell River Board of Education has announced the appointment of Jessica Johnson as the district principal of Indigenous education for School District 47 (SD47), effective October 1.

According to a media release from SD47, Johnson and her husband moved to Tla’amin territory in 2018 to raise their daughters near their family, language and culture. Johnson is a citizen of the MĂ©tis Nation British Columbia, and a member of the local MĂ©tis chartered community.

Johnson began working in Indigenous education more than a decade ago, with her most recent experiences being in School District 44 and School District 47 leadership positions supporting teachers with the change in BC curriculum to be more inclusive of Indigenous themes, worldviews and perspectives. In 2016, Johnson completed a leadership and administration master of education degree from the University of British Columbia, and was part of the first cohort with a focus on Indigenous education and social justice.

Over the past year, Johnson has co-led the work of SD47’s equity in action project, co-taught and co-facilitated the pilot of the traditional skill-builder program, as well as in other classrooms across the school district.

This year, Johnson looks forward to continuing to build relationships and connections with Tla’amin Nation, MĂ©tis and other Indigenous students, families and community, according to the release. She and the school district believe her new role is essential in taking steps toward reconciliation and both are thrilled to welcome Indigenous voice and perspective to the School District 47 leadership team.

Johnson is grateful to have had the opportunity to work with and learn from the members of the Indigenous team, Indigenous students, community members and district staff over the past four years, according to the release. It is with a great sense of responsibility and humility that she takes on this work to contribute to and promote reconciliation, the release stated.

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Powell River Board of Education announces new principal of Indigenous education - Powell River Peak
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Principal Financial Group Stock Has Gained 7% In A Week: Is More To Come? - Forbes

School principal waged battle against Goderich newspaper - Clinton News Record

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It’s difficult to pinpoint the source of the hatred that the McGillicuddy brothers, who edited the Huron Signal, had for Principal Allan Embury but it caused one of the most bitter of feuds in Huron County education history. In 1885, the clash of these strong-willed personalities was waged in the public arena through the county newspapers.

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In December 1883, at a salary of $700 per year, 30-year-old Allan Embury, a mathematics teacher from Brockville, was hired among a field of 11 candidates by the Goderich School trustees to be the new principal of the Central School. In addition to his teaching duties, Embury oversaw the management of the satellite schools in the St. Patrick’s, St David’s and St Andrew’s wards. He also instructed the teenage candidates of the Model School who were in training for a teaching certificate. Initially, The Signal welcomed his wife, Fanny, and their three sons to Goderich.

Yet, Embury soon announced himself a ‘wet’ Tory, which seemed to raise the ire of the Daniel and Thomas McGillicuddy, the ‘dry’ and Liberal editors of The Huron Signal. At a debate at the Goderich Temperance Hall, in May 1884, Embury argued that prohibition was impractical and a restriction on civil liberties. Although the not unbiased judges deemed that Embury lost the argument, The Clinton New Era said that he “gave the best speech on that side of the question” and praised for his “flowery manner” of speech. One of Embury’s debating opponents was Thomas McGillicuddy, co-editor of The Signal and a school trustee who loudly disapproved of both Embury’s politics and views on temperance.

Principal Embury also intended on running his schools his way. The Signal reported that Embury planned “to introduce into the schools a system of uniformity in teaching which does not obtain at present.” Whatever gifts Embury had as an educator, tact or deference was not one of them. In December 1884, Embury ran afoul of J. R. Miller, the county school inspector, when he insisted on setting and marking the promotion exams himself. Embury announced to the trustees, that Miller was “not qualified to perform such duty.”

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In a heated three-sided exchange amongst the trustees, Inspector Miller and Principal Embury, the matter was referred to the Department of Education, which sent it back to the trustees for a decision. In the end, “knowing the difficulty in working jointly with Mr. Embury,” Miller allowed Embury to prepare the June exams but the inspector would mark the Christmas ones. It was an arrangement that invited trouble.

In January 1885, Inspector Miller submitted his much anticipated annual report to a special meeting of the trustees. At a packed board meeting, Embury’s fate as a school principal was to be determined. Rumours had circulated in The Signal that Miller was going to recommend that Principal Embury be terminated for the poor performance of students at the Christmas exams. In his report, Miller found that only 12 of 64 Goderich senior grade students passed the exam that he had marked, compared with eight of 10 of the students at the Exeter school.

Miller blamed the abysmal results on “the difficulty of the papers set by Mr. Embury” and reported that the Christmas exam results had “shown his [Embury’s] incompetency.”

Miller’s scathing report concluded “by his profane language, his misrepresentations and threats to trustees and others, that he [Embury] is not a proper person to be principal of any public school.”

Miller directly questioned Embury’s professional ability.

The Signal, which Embury rightly suspected of putting Miller up to the damning report, heartily endorsed the Inspector’s report under the headline “Change Needed.”

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If anyone thought that Embury meekly resign and go away, they were sorely mistaken. Principal Embury had a combative nature. Rather than submitting to the inspector’s report and The Signal’s bullying, Principal Embury launched into an aggressive defence. Embury read a rebuttal to the inspector’s report at the special meeting but, according to Trustee Thomas McGillicuddy (and reporter for The Signal) was asked to withdraw his statement because it was “of a very abusive character.”

At that point, Miller thought he had won his point when he pointed at Embury claiming that “I have got what I want now and you can’t help yourself.”

At the same board meeting, it was learned that in an effort to discredit the principal, Trustee McGillicuddy approached “a young girl” in Embury’s class asking her if she had ever seen him drunk. The girl denied that he was ever not in a fit condition” to teach. Not surprisingly, The Signal approved of Trustee McGillicuddy’s actions in dragging a young girl into the controversy because McGillicuddy wrote the story.

Embury launched a powerful public offensive in the local Tory papers, The Goderich Star and Huron News Record. The Signal called Embury’s letters the “ravings of an educated Blackguard” which stemmed from an ‘erratic, unbalanced mind.” Embury was dismissed as a ‘scribbling pedagogue” who had “developed into a public nuisance.”

Indeed, a reading of Embury’s letters demonstrate that discretion often failed him. In one open letter addressed to Thomas McGillicuddy in October 1885, Embury called The Signal “a cesspool of social disturbance.” Further, McGillicuddy’s “cowardly and insolent, arrogant and ignorant” character was not fit “to grace a Papuan orgy.” For good measure, Embury added that “mass of fungus” that passed for McGillicuddy’s brain “excreted the meanest spawn of Hell.” It is hard to avoid the conclusion that the two men deeply detested one another.

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However, Embury was capable of clear, rational thought in rebutting the charges that Miller and The Signal had leveled at him. Embury said the exam results were lower in Goderich than Exeter because it was the practice at the Exeter school to only send up students for examination who could pass whereas Embury allowed all students to take the exams. Embury asked why the inspector passed students in Seaforth with lower test scores than the Goderich students? In another case, could the inspector not have found three marks that a Goderich student needed to pass on her history exam? It was evident to the trustees and public that the inspector used the Goderich students as pawns in his vendetta against Embury.

Aside from the Tory press, who thought Embury was a victim of partisan politics, Embury had defenders. Jean Sharman, who taught at the Central School from 1880-1935, commended him for his school management. Embury gave to his model school candidates excellent teaching advice in advising them that “pupils should do the most talking” and that “teachers should have a large amount of sympathy.” Despite Embury’s difficult personality, he was a talented teacher. Gradually, even The Signal begrudgingly conceded fault on both sides.

After 18 months of bitter invective directed at each other, Thomas McGillicuddy through The Huron Signal held out the prospect of a truce. In June 1886, McGillicuddy, in a back-handed compliment, took credit for “leading the schoolmaster to a more steady walk, a more sober and upright behaviour, and the use of cleaner language” that had helped his “reformation” into a respectable member of society and invited Embury to a mutual ceasefire in the letter writing campaign.

As no further letters appeared on either side in the papers, it seemed the doves of peace had finally descended on Goderich schools.

Inspector Miller was driven from his position by the end of 1885 for his role in trying to oust Principal Embury.

Thomas McGillicuddy left The Signal in 1887 for a Liberal patronage appointment as the provincial Ministry of Agriculture’s printer.

Principal Embury continued as principal until November 1888 when he accepted a position as Inspector of Schools in Brampton.

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    School principal waged battle against Goderich newspaper - Clinton News Record
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    Interim principal, assistant principal appointed at NAHS - The Times Herald

    WEST NORRITON  – Norristown school board officials met Monday night as students and staff settled into the routine of the academic year.

    Among the scores of new hires and employment status changes were authorized during the school board meeting, two were spotlighted. Detrick Mcgriff was appointed to serve as Norristown Area High School’s interim principal and James Troutman was selected as interim assistant principal.

    Mcgriff, who previously had the role of assistant principal, is set to replace former principal Ed Roth, according to education officials. According to NASD superintendent Christopher Dormer, Roth, who served as principal for four years, accepted a principal position in Delaware County, closer to his home.

    The change is slated to take effect on Oct. 4.

    Troutman, formerly a special education teacher, would soon take on the role of assistant principal. However, his start date is “to be determined,” according to school board officials.

    The school board voted unanimously to approve the human resources recommendations. Following that action, Dormer said “now we can officially say congratulations.”

    As the COVID-19 pandemic continues to remain a presence, Dormer noted how schools have continued to operate in person. Monday marked the first full week of the school year due to district days off and other holidays, however, he said that “no calendar interruptions” are expected this month.

    Also during the meeting, Senior Class Representatives Maddie Plummer and Layla Chaaraoui, who attend Norristown Area High School, gave their first report of the 2021-22 school year. They spoke of various activities getting underway, and added that they’re both excited about upcoming milestone events such as homecoming and prom.

    In other business, Dormer took a moment during his superintendent report to once again address issues surrounding “supply chain” and “transportation.”

    “We are appreciative of the patience and grace everyone is extending us as we continue to navigate these challenges, which includes making buses make multiple stops to the same schools and having more vehicles on school grounds due to larger car lines and greater utilization of vans,” Dormer said.

    Dormer made similar comments during a school board meeting last month, acknowledging the “bus driver shortage” ahead of the first day of school on Aug. 30.

    “As we sit here tonight, we do not have enough drivers to cover all the bus routes scheduled,” he said last month. “The reality is that certain runs may be delayed until a driver can complete one assigned route, to then begin a second route to the same school.”

    “We are considering any and all solutions to try to ensure transportation is provided according to the schedules that have been sent home,” he continued.

    The next Norristown Area School Board meeting is scheduled for 7 p.m. on Oct. 25 at the Norristown Area School District administration building, located at 401 N. Whitehall Road in Norristown. A virtual option is also available. For more information, visit www.nasd.k12.pa.us.

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    Interim principal, assistant principal appointed at NAHS - The Times Herald
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    Interim principal, assistant principal appointed at NAHS - The Times Herald

    WEST NORRITON  – Norristown school board officials met Monday night as students and staff settled into the routine of the academic year.

    Among the scores of new hires and employment status changes were authorized during the school board meeting, two were spotlighted. Detrick Mcgriff was appointed to serve as Norristown Area High School’s interim principal and James Troutman was selected as interim assistant principal.

    Mcgriff, who previously had the role of assistant principal, is set to replace former principal Ed Roth, according to education officials. According to NASD superintendent Christopher Dormer, Roth, who served as principal for four years, accepted a principal position in Delaware County, closer to his home.

    The change is slated to take effect on Oct. 4.

    Troutman, formerly a special education teacher, would soon take on the role of assistant principal. However, his start date is “to be determined,” according to school board officials.

    The school board voted unanimously to approve the human resources recommendations. Following that action, Dormer said “now we can officially say congratulations.”

    As the COVID-19 pandemic continues to remain a presence, Dormer noted how schools have continued to operate in person. Monday marked the first full week of the school year due to district days off and other holidays, however, he said that “no calendar interruptions” are expected this month.

    Also during the meeting, Senior Class Representatives Maddie Plummer and Layla Chaaraoui, who attend Norristown Area High School, gave their first report of the 2021-22 school year. They spoke of various activities getting underway, and added that they’re both excited about upcoming milestone events such as homecoming and prom.

    In other business, Dormer took a moment during his superintendent report to once again address issues surrounding “supply chain” and “transportation.”

    “We are appreciative of the patience and grace everyone is extending us as we continue to navigate these challenges, which includes making buses make multiple stops to the same schools and having more vehicles on school grounds due to larger car lines and greater utilization of vans,” Dormer said.

    Dormer made similar comments during a school board meeting last month, acknowledging the “bus driver shortage” ahead of the first day of school on Aug. 30.

    “As we sit here tonight, we do not have enough drivers to cover all the bus routes scheduled,” he said last month. “The reality is that certain runs may be delayed until a driver can complete one assigned route, to then begin a second route to the same school.”

    “We are considering any and all solutions to try to ensure transportation is provided according to the schedules that have been sent home,” he continued.

    The next Norristown Area School Board meeting is scheduled for 7 p.m. on Oct. 25 at the Norristown Area School District administration building, located at 401 N. Whitehall Road in Norristown. A virtual option is also available. For more information, visit www.nasd.k12.pa.us.

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    Selasa, 28 September 2021

    Police arrest SHS principal | Free Content | themountainmail.com - Mountain Mail Newspaper

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    Police arrest SHS principal | Free Content | themountainmail.com  Mountain Mail Newspaper
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    N.J. principal scraps decision to eliminate Halloween and Valentine’s Day celebrations after backlash - NJ.com

    A Mercer County principal reversed her decision to remove the elementary school’s Halloween and Valentine’s Day celebrations three days later, after parent and community backlash.

    Ebony Lattimer, the new principal of Riverside Elementary School in Princeton, told parents in a letter last Tuesday the school’s Halloween parade and celebration and Valentine’s Day celebration would be replaced to make them more inclusive, according to Planet Princeton.

    The Halloween celebration would be replaced with a “book bonanza” with students dressing up as their favorite book character for a parade.

    The Valentine’s Day celebration would be replaced with “Upstander Day,” which would “highlight our students and the Riverside normative culture, as they display the upstander codes of respect, responsibility, safety, and positivity,” the news site reported.

    Three days later, Lattimer reversed course and said the celebrations would remain, attributing the decision to feedback she received.

    “The Halloween parade has historically resulted in a few students opting out and staying home for religious or cultural reasons,” she wrote in a letter on Friday. “Therefore, I was striving to create an option that every student could enjoy.

    “From the feedback I have received, I realize that this will require a more profound discussion before we can make a firm decision. Our school and district greatly value parent and family engagement in guiding decision-making,” she continued. “Therefore, we will continue with the traditional holiday activities for this school year and have school-wide discussions for potential changes in the future.”

    Lattimer did not respond to a request for comment.

    Superintendent Carol Kelley issued a statement last Friday praising Lattimer for “proposing new and creative opportunities for learning and inclusivity,” and commending her handling of community feedback.

    “However, what’s always tricky as a leader is balancing your ideas with the decision-making process of engaging and involving the people you serve,” Kelley said. “(Lattimer) is not closing the door on the proposed options but pausing to have deeper discussions with Riverside families. Parent and family engagement are the fabric of Princeton Public Schools.”

    Our journalism needs your support. Please subscribe today to NJ.com.

    Brianna Kudisch may be reached at bkudisch@njadvancemedia.com. Tell us your coronavirus story or send a tip here.

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    North Bay staff, students rally for two fired high school principals - Sault Star

    More than 60 motorists performed a drive-by in front of the home of two North Bay high school principals Friday afternoon around 3:30 p.m.

    An undisclosed number of staff and students honked their horns and waved their hands as they showed their support for Andy Gagne and Julie Beaudoin, who were escorted off school property Thursday around 4 p.m.

    The Nugget was informed the two well-known North Bay principals were no longer employed with the Near North District School Board.

    Gagne was a principal at West Ferris Intermediate and Secondary School and Beaudoin was the principal at Chippewa Secondary School.

    Both resigned their positions.

    The board sent a letter to school staff Thursday evening informing them of the news.

    One board employee, who asked that his name not be published, said it was a terrible day at West Ferris.

    “It felt like someone died. The anxiety and the amount of people who are upset with this is hard to put into words.”

    The Near North District School Board couldn’t be reached for comment.

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    Senin, 27 September 2021

    New local school principal aims to enhance student experience – Sylvan Lake News - Sylvan Lake News

    With a lifetime of experience, and a masters degree in the field Educational Leadership, École Mother Teresa School’s new principal Jeff Tuchscherer aspires to help strengthen the school’s support system, hence enhancing student experience.

    Tuchscherer officially took over the position of the principal on Aug. 26. He hopes to relay that they are committed to working together while maintaining a safe and caring environment for optimal learning.

    Tuchscherer shared, “The first days in this school have been fantastic. Although there are many logistical details to tend to during school start up, I have been making opportunities to be out greeting students and families and introducing myself.

    “There is time dedicated every day to walking through classrooms as they are engaged in learning activities which allows me to keep in tune with what students are learning and to help me determine how I can support staff and students.”

    Completing his high school graduation from Medicine Hat, Alberta, Tuchscherer pursued his passion to earn a bachelors degree in Education and a Masters Degree in Educational Leadership from the University of Calgary. He has since spent his entire career of 23 years working with Red Deer Catholic Schools.

    “I am entering my sixth year as a principal in the division (Red Deer Catholic Schools) with my previous assignments including Maryview School and Father Henri Voisin School in Red Deer,” shared Tuchscherer.

    In his free time, the husband for 23 years and a father for nine years enjoys a variety of sports with hockey and football being top of his list. Tuchscherer added that Red Deer Catholic Schools is a fantastic district to be a part of, and he feels blessed to serve students, families and staff division-wide.

    “My hope for this community is that we continue to grow in our faith, emulating St. Teresa of Calcutta (our namesake, Mother Teresa) and that the members of our community are safe and successful in all our pursuits,” shared Tuchscherer, adding, “I would like to restate how excited I am to be working with the École Mother Teresa School staff and families as well as our Sylvan Lake community partners.”

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    Principal at I Promise School in Akron accused of slapping student, placed on paid leave - cleveland.com

    AKRON, Ohio – The principal at I Promise School has been placed on paid leave after being accused of slapping a student.

    The Akron Public Schools are investigating the accusation that Principal Brandi Davis struck a student, the school district confirmed in a statement. Davis will remain on paid leave until the investigation is complete.

    “We take all such allegations seriously, while also respecting the due process rights of staff accused of wrongdoing,” Mark Williamson, the director marketing communications for the school district, said in the statement.

    The school district did not have an update on the investigation Monday.

    The Akron Police Department did not immediately respond to a request for comment on the matter. A police report says Davis is accused of slapping an 11-year-old boy after he used profanity on Wednesday, according to the Akron Beacon Journal.

    Parents and staff of the school were notified of Davis’s leave the afternoon of the incident, Williamson said.

    The I Promise School is a public school for at -risk students that operates in partnership with the LeBron James Family Foundation. The foundation did not immediately respond to a request for comment.

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    Principal of Maple Ridge school turning blue for cancer research – Maple Ridge News - Maple Ridge News

    The principal of a Maple Ridge elementary school is hoping to dye his hair electric blue.

    Not because it is now vogue and in style, nor to start a new craze, but to raise money for a good cause.

    Adam Stanley, principal of Alexander Robinson Elementary School, is motivating his students to raise $2,000 for their upcoming Terry Fox Run, with the promise that if they meet that goal, he will have his hair dyed by the vice principal.

    The idea came from a teacher at the school, Todd Oleksyn who grows his hair all year long so he can shave it off if the students raise the money.

    “When he started at our school, which was about four years ago, he asked if anyone else would be willing to do the same. And I said, you know what, I’m not sure if I have enough hair to effectively shave off. But I am happy to dye what I have blue or any other colour,” laughed Stanley.

    Typically they have used blue hair dye because it lasts longer. And, added Stanley, the brand of hair dye the vice principal chooses to use, doesn’t burn, but stings a bit when it is applied.

    “The kids really enjoy this idea,” he chuckled. “I make sure to ensure that it appears appropriately agonizing when its getting done. That seems to achieve the fundraising goal.”

    About 600 students will be taking part in the run on Wednesday Sept. 29. They will be following current COVID safety protocols which will mean socially distanced volunteer and leadership students helping out, and staggered starts.

    The students will be running a circle loop south along 238b Street and then along 118 Avenue starting at 10 a.m. until about noon.

    READ MORE: Thousands raised for virtual Terry Fox Run in Maple Ridge and Pitt Meadows

    Alexander Robinson is not the only school to hold a Terry Fox run next week. Schools across the entire district will be holding runs that will raise money for cancer research in Canada with the hope that one day there will be a cure.

    Terry Fox, who, at 18, lost a leg to osteogenic sarcoma – a cancer that starts in the bone – decided to run across Canada in 1980 to raise money for cancer research. But after 143 days and 5,373 kilometres he had to stop because the cancer had spread to his lungs. Fox died on June 28, 1981. He was only 22.

    ALSO: Young and old brave rain for Pitt Meadows Terry Fox Run

    Stanley is always impressed by the generosity of the community.

    “I’m always really, really impressed by the willingness that the community has, to open their hearts and help out around Terry Fox especially. It’s always been very successful here,” said Stanley.

    “And I think my dignity is a small price to pay.”


    Have a story tip? Email: cflanagan@mapleridgenews.com

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    Near North Board names new Principals - BayToday.ca

    The Near North District School Board has moved swiftly to replace two principals who resigned late last week. 

    In an email to parents and guardians, the Board announced that Sean Ruddy, current Principal of School Success and Specialized Programs will assume the "interim Principal position" at West Ferris Intermediate and Secondary School while Wanda Hill, a long-time principal within the Board will assume the "Interim Acting Principal" position at Chippewa Intermediate and Secondary School. 

    See related: Near North Board loses two Principals

    On Thursday, September 23, both Julie Beaudoin, Principal at Chippewa Secondary School and Andy Gagne, Principal at West Ferris Secondary School have resigned from the Board.

    Jay Aspin, Chair of the Near North School Board stated they could not comment as to why the two left their positions.  

    "Their resignations are a personal matter for which I cannot comment," Aspin told BayToday Friday morning. 

    According to opengov.ca, Beaudoin has been employed as a principal within the Near North Board since 2010, while Gagne is listed as holding a principal role within the Board since 2011.  

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    Minggu, 26 September 2021

    Revisiting The Principal Financial Group - A 'HOLD' - Seeking Alpha

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    Revisiting The Principal Financial Group - A 'HOLD'  Seeking Alpha
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    Wells Middle School principal will return on Monday - danvillesanramon.com

    A Dublin middle school principal who was placed on administrative leave last week will be back to work on Monday, Dublin Unified School District officials have confirmed.

    Following a district investigation that lasted several days, DUSD assistant superintendent of human resources Heather Duncan said on Friday that Wells Middle School principal Mark Neal "will be back on work on Monday, Sept. 27."

    Neal was placed on paid administrative leave last Monday after a volatile confrontation with a mother and her teenage boy during a meeting at the campus earlier that same day about another incident at the school on Sept. 20 involving the boy.

    While a video recorded by the boy does not show that the heated argument physically escalated, the incident caused a stir online, where the recording was posted by the boy's mother. The boy's mother told Bay Area News Group on Wednesday that Neal slapped the phone from his hand, then pushed a table, and said she "was afraid he was going to hurt my son."

    In a letter sent to Wells staff on Sept. 24, Duncan said, "In relation to an incident on the Wells Middle School campus on Monday, September 20, 2021, the district has completed its investigation."

    Duncan continued, "We're happy to announce that Mr. Neal will be back on work on Monday, Sept. 27. Thank you for respecting the process and the outcome in order to support Mark and the school in an effort to move forward."

    The district conducted the investigation after placing Neal on leave, which "it seems like it ended today given our director of HR is sharing that information, but that's a guess on my behalf," spokesman Chip Dehnert told the Weekly on Friday.

    "I'm glad to say that the process took place; our superintendent wanted a thorough and fair consideration of the situation and it appears that happened," Dehnert said.

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    Sabtu, 25 September 2021

    Dublin school principal put on leave to return Monday - East Bay Times

    DUBLIN — A middle school principal who ended up on leave after he got into a heated exchange with a mother and her high school-aged son will return to work on Monday.

    Mark Neal, principal of Wells Middle School, 6800 Penn Drive, was put on paid administrative leave after the incident, which was captured on video.

    Heather Duncan, an assistant superintendent with the Dublin Unified School District, announced that Neal would return to work in an e-mail sent out Friday to the school’s staff.

    “The district has completed its investigation,” Duncan said in the email.

    What sparked the Sept. 17 confrontation remains unclear.

    The student who recorded the video, 15-year-old Sebastian Feliciano, and his mother, Lisa Archuleta Feliciano, told this news organization that during their interaction Neal slapped Sebastian’s phone from his hand, then pushed a table against his mother to stop her from getting to the phone.

    While the video does not indicate that the volatile discussion got physical, the confrontation caused a stir in the community. Some people commenting on a Nextdoor post that included the video called for Neal to be fired.

    But dozens of teachers and staff from Wells, which has about 1,000 students, gathered in front of the school to express support for Neal. They said he has been a unifying presence since taking the helm last year.

    The confrontation at Wells took place after Feliciano’s mother said she wanted to meet with Neal to clear up an incident involving her son.

    Dublin police said a school resource officer was sent to the campus Sept. 17 around 3:15 p.m. after receiving a report of a “high school-aged” person “causing a disturbance on a bicycle in that area.”

    Police said the person “was contacted by our SRO and dispersed from the area.”

    Sebastian said he was that student, and visited the school while on his way to his grandparents’ home because he felt he needed to intervene when he saw a crowd of people, including staff members, allegedly involved in a confrontation around some girls who are family friends of his.

    Staff Writer Joseph Geha contributed to this report. Check back for updates.

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    Former high school principal grateful to take part in Regina's 3rd annual Myeloma March - 620 CKRM.com

    A former well respected high school principal diagnosed with an incurable blood cancer, will take part in the 3rd annual Regina Multiple Myeloma March.

    The march takes place virtually on Sunday, September 26, and for Patti Schmidt, who was diagnosed with multiple myeloma in November of 2018, it’s a march she is thankful to be able to take part in.

    “I really consider myself very fortunate,” Schmidt said. “I was lucky to be diagnosed very quickly and accurately and able to get treatment very quickly, it’s been two and a half years now since I was first diagnosed,” she added.

    Her symptoms started out with terrible headaches late at night, that she would later learn was due to fractures in her skull caused by the cancer, and a lack of energy.

    She was quickly referred to a specialist, where she received the life changing news.

    Schmidt is now receiving chemo every two weeks following a stem cell transplant in April of 2019 that put her into partial remission.

    The goal for Schmidt and fellow marchers is to raise $15,000 this year.

    The Regina Multiple Myeloma March is one of 32 communities across the country participating in Myeloma Canada’s nation-wide event. This year, the flagship fundraiser aims to raise $600,000 on a national level.

    Myeloma is the second most common form of blood cancer, despite very few knowing about the disease.

    “The walk is for many reasons, and raising awareness is really important because a lot of people don’t know about myeloma,” Schmidt said. “The more we raise awareness, what myeloma is and alert people about it, perhaps it will get more people to the doctor and get an early diagnoses, which provides hope,” she said.

    Nine new Canadians are diagnosed every single day.

    The life expectancy of someone diagnosed is five years, but continued research, even since Schmidt was diagnosed in 2018, has allowed more treatment options that can add quality and prolong a person’s life.

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    A Texas School Board Voted To Not Renew A Black Principal’s Contract After A Controversy Over Critical Race Theory - BuzzFeed News

    The past few days have been a whirlwind for James Whitfield.

    Whitfield, the first-ever Black principal of Colleyville Heritage High School, in Colleyville, Texas, has been in a months-long battle with community members over critical race theory, which, despite far right fear mongering, acknowledges the country’s long history of racism and the resulting inequity that factors into policymaking.

    Whitfield’s battle goes back to a 2020 letter he sent to parents regarding the murder of George Floyd, in which he wrote that systemic racism is “alive and well.” He received only support regarding the letter until a year later during a July 26 school board meeting’s open forum, when a former school board candidate called systemic racism a conspiracy theory and accused Whitfield of promoting critical race theory. He then called for Whitfield to be fired, which was met with cheers from the crowd.

    Weeks after the July 26 meeting, the school district sent Whitfield a disciplinary letter and he was placed on administrative leave Aug. 30. It all came to a head Monday night when the majority-white school board unanimously voted to not renew Whitfield’s contract for the next school year, citing deficiencies in communication, insubordination, failure to comply with board policies, failure to meet professional conduct, dividing the community, and failure to maintain effective relationships with the community.

    A representative for the school district, however, did not provide any specific examples of the alleged behavior. And through his lawyer, Whitfield said he can’t comment on something he has no knowledge of.

    Controversy over critical race theory has been roiling Grapevine-Colleyville Independent School District for months. Shannon Braun, a school board member who ran on the platform that critical race theory shouldn’t be taught in schools, received national attention earlier this year when her brother, Chip Gaines of Fixer Upper fame, donated $1,000 to her campaign. In a statement at the time, the district said its schools do not teach critical race theory. Still, members of the public Facebook group GCISD Parents For Strong Schools regularly post anti-critical race theory articles.

    Whitfield told BuzzFeed News that people shouldn’t get caught up in the critical race theory “battle” because it’s not even being taught in public schools.

    “What they’re attacking is anything with a sibilance of inclusive, equitable, and welcoming environment that celebrates diversity,” Whitfield said. “That’s what the attack is on. While they don’t want to talk about systemic racism, they don’t want to acknowledge that that’s a thing.

    "Essentially, their actions and what they’re doing to educators of color, such as myself and other educators, is upholding systemic racism, but it’s like they can’t see past what their agenda is. And their agenda is set on anything that disrupts public education. That is what this group is set out to do.”

    Whitfield has his supporters, though. Before the vote Monday night, dozens of students, parents, and community members spoke in favor of reinstating him as principal, and some school board members even expressed regret in how they allowed the situation to unravel.

    School board member Coley Canter asked her kids to learn from her mistakes for not speaking up when Whitfield was “unjustly attacked.” Still, she and the six others on the board voted to not renew Whitfield’s contract. Whitfield called her vote “disappointing.”

    “She even came up to me before the meeting and gave me a hug and said, ‘Hey, I’m so sorry. You know I love you and I'm going to let everybody know how I feel about you tonight,’” Whitfield said.

    Canter told BuzzFeed News on Thursday she can’t comment on anything regarding the situation. The president of the school board did not respond to a request for comment.

    Whitfield said based on what people in the community are saying, he’s their “biggest fear.”

    “I think I was the quintessential boogeyman for them,” Whitfield said. “It made it really easy for them based on my race and who I aspire to be as an educator. And it’s really easy for them to spark fear in people that have no idea of who I am.”

    Monday’s vote was just the first part in a two-step system. Whitfield will now get the chance to tell the board his side of the story.

    In a statement, the district said they’re working “carefully” to “​​adhere to appropriate procedures and laws regarding the proposed nonrenewal of an employee’s contract.”

    “GCISD remains focused on educating every child in our outstanding school district as we await Dr. Whitfield’s decision about whether he will request a hearing before the Board of Trustees,” the statement added.

    Whitfield said he wants to get back to the students.

    “I’ve been caught up in other people’s agendas,” he said. “My only agenda is serving kids and making sure that every student walking those halls has access to a great education. They feel celebrated, they feel welcomed each day, they feel nurtured. They have an opportunity to grow. That’s what I hope we can get back to doing because I think that’s what we’re missing in this whole thing.”

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    Jumat, 24 September 2021

    Former Sal principal launches campaign to become EIPS trustee - Sherwood Park News

    Article content

    The race for the three Elk Island Public School trustee positions in Sherwood Park is getting crowded.

    Article content

    There are now seven candidates in the race, including Cathy Allen, who is running for the first time as a trustee candidate.

    Allen said education has been a big part of her life and she isn’t ready to walk away from it yet. She retired as the principal of Salisbury Composite High School two years ago.

    “I was an educator for 40 years and loved my work. I feel as if this is the next step for me to still be serving the Elk Island community as well as the Sherwood Park community,” explained Allen.

    The first-time candidate said she has moved around to many different schools and knows the system well.

    “I was able to work from kindergarten to Grade 12 during my career. I worked as a teacher, an assistant principal, a principal and then a consultant,” she said.

    The former principal said she has four areas that are her main focus if she is elected: funding for education, the draft curriculum, student mental health and the EIPS capital projects and infrastructure. Allen adds there are major issues with the draft curriculum.

    “It needs revision and needs rewriting,” she said. “It hasn’t had the input from educators and they need to bring back teachers to the table in order to have them be the experts for content. It is not just social studies. It needs teachers to overhaul the entire curriculum.”

    Allen said looking to the future of the divisions’ infrastructure also needs to be a focus as Sherwood Park is a growing population.

    “Sherwood Heights has had work started. The value-scoping that was done also shows we have old buildings in the division and every year a school gets older and it is planning for what we need to be thinking of beyond the top two schools and continue with the plan,” Allen said.

    Allen said she also has a lot of ideas to bring to the table to get the community more involved in education by developing programs to pair graduating students with residents in the profession they’d like to pursue.

    “There are a lot of ways education is a team event and is not just the school and kids, it is the parents and community that should all be involved in public education,” Allen said.

    You can find out more about Allen’s campaign at CathyAllenpsbt.com.

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    Principal and Interest - dbusiness.com

    Approved Mortgage loan application with house key and rubber stampJay Farner is vice chairman and president of Rocket Mortgage, having risen through the company as a close associate of Dan Gilbert and cementing his key role by guiding Rocket in the wake of Gilbert’s stroke in 2019. Rocket went public with Farner’s guidance last August.

    Q: How does Rocket handle competition?

    Farner: How can we disrupt the business we’re in and bring value to our clients? If we’re doing that, then most of the work we do here is focused on executing our own strategies and less on what the competition is doing.

    Q: Can this cluster of mortgage companies leverage their concentration here for the greater good of our area and state?

    Farner: I don’t know about collective effort, but we can leverage our work for the greater good on a variety of fronts. Our mission really isn’t mortgages, per se, but how to build a technology platform that transforms complicated transactions. We also pour our success and profits back into the community.

    Mat Ishbia started at his father’s small company as the 12th employee, running faxes and making $18,000 a year. By 2013 he was CEO, and he has exploded UWM to an employer of 9,000 people. Ishbia took it public in January 2021.

    Q: How did you come to grow into the company after your father, Jeff Ishbia, started it?

    Ishbia: In 2009, we began growing bigger than he’d expected, and over the next couple of years I bought the company and took over from my father. He has his fingerprints all over the business; he taught me how to treat people. He’s a smart businessman and has started lots of businesses. This one turned out to be very, very large.

    Q: What’s the key to the UWM culture that attracts so many job applicants?

    Ishbia: We’re all part of something special together. It’s not just the amenities here, the basketball court and library and massage room and arcade. The important thing is how we treat people, how we all lunch in the cafeteria. We take care of people and treat people well.

    Phil Shoemaker gained his spurs in the mortgage business in Texas, but he was intrigued by Willie Newman, founder and now president and CEO of Homepoint. Shoemaker joined the company in 2019 and is now president of originations. The company has 2,600 employees.

    Q: What intrigued you about Homepoint, causing you to leave Caliber Home Loans?

    Shoemaker: A couple of things were unique. We’re big on culture and creating a company that has a little more balance among the different constituents. There are investors, associates, and partners. Often, companies are too focused on the investor side.

    Q: What’s different about the Homepoint business model?

    Shoemaker: We scale, doing a decent amount of production that gives us efficiency across our fixed cost structure. We do it with a sales and support team that’s in each market, dispersed across the country. That gives them closer connections with partners, and it’s a nice alternative to what UWM and Rocket offer.

    Lee Smith joined Flagstar Bank in 2013, and in 2020 moved from COO to president of mortgage operations. In April, Flagstar announced a merger with New York Community Bancorp, which will keep the Flagstar brand in the Midwest and a regional headquarters in Troy, including mortgage operations.

    Q: Why does Flagstar have such an outsized mortgage business?

    Smith: Other banks haven’t focused on the mortgage business. The difference showed itself in a low-rate environment like 2020. Sixty percent of our earnings are generated from our mortgage-services businesses, which was one of the focuses of the merger. That amount used to be 90 percent. With our partner, we’ll be a bigger and more diversified bank.

    Q: How would you describe the Flagstar culture?

    Smith: It’s very team-oriented, transparent, and communicative. You can never over-communicate here. We’re stronger together. Anybody can talk with anybody about anything, any time. There are no silos. We believe in great service, trust, and accountability. We don’t micromanage; we give our team the tools and platform to be as successful as possible.

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    Principals, VPs on the move in SD43 in the new year - The Tri-City News

    [unable to retrieve full-text content] Principals, VPs on the move in SD43 in the new year    The Tri-City News Principals, VPs on the mov...