Alpine announce Oliver Oakes as new Team Principal following departure of Bruno Famin - Formula 1

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Alpine announce Oliver Oakes as new Team Principal following departure of Bruno Famin  Formula 1
Alpine announce Oliver Oakes as new Team Principal following departure of Bruno Famin - Formula 1
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Vice-Principal (Advancement) search committee membership announced - Queen's University

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Vice-Principal (Advancement) search committee membership announced  Queen's University
Vice-Principal (Advancement) search committee membership announced - Queen's University
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Namaz row: Imams meet Kerala college principal, say ‘demand misguided’ - The Indian Express

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Namaz row: Imams meet Kerala college principal, say ‘demand misguided’  The Indian Express
Namaz row: Imams meet Kerala college principal, say ‘demand misguided’ - The Indian Express
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Meet the new principal horn - Slipped Disc

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Meet the new principal horn  Slipped Disc
Meet the new principal horn - Slipped Disc
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Famin to stand down as Alpine team principal after F1 summer break - Autosport

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Famin to stand down as Alpine team principal after F1 summer break  Autosport
Famin to stand down as Alpine team principal after F1 summer break - Autosport
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Famin to step down as Alpine team principal, confirms plan to scrap PU - RACER

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Famin to step down as Alpine team principal, confirms plan to scrap PU  RACER
Famin to step down as Alpine team principal, confirms plan to scrap PU - RACER
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Principal's Son Accidentally Posts Video of Him on TikTok (Exclusive) - PEOPLE

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Principal's Son Accidentally Posts Video of Him on TikTok (Exclusive)  PEOPLE
Principal's Son Accidentally Posts Video of Him on TikTok (Exclusive) - PEOPLE
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Alpine confirm Bruno Famin to leave his role as Team Principal - Formula 1

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Alpine confirm Bruno Famin to leave his role as Team Principal  Formula 1
Alpine confirm Bruno Famin to leave his role as Team Principal - Formula 1
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Principal's Son Accidentally Posts Video of Him on TikTok (Exclusive) - PEOPLE

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Principal's Son Accidentally Posts Video of Him on TikTok (Exclusive)  PEOPLE
Principal's Son Accidentally Posts Video of Him on TikTok (Exclusive) - PEOPLE
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Alpine F1 set for restructure with new team principal - Racingnews365.com

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Alpine F1 set for restructure with new team principal  Racingnews365.com
Alpine F1 set for restructure with new team principal - Racingnews365.com
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‘I’ve aborted thrice for my school principal’, 14-year-old student tells Ondo court - Vanguard

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‘I’ve aborted thrice for my school principal’, 14-year-old student tells Ondo court  Vanguard
‘I’ve aborted thrice for my school principal’, 14-year-old student tells Ondo court - Vanguard
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Former Ferrari boss Binotto to lead Audi F1 team - ESPN

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Former Ferrari boss Binotto to lead Audi F1 team  ESPN
Former Ferrari boss Binotto to lead Audi F1 team - ESPN
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Principal Securities ordered to pay $7.3M - Axios

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Principal Securities ordered to pay $7.3M  Axios
Principal Securities ordered to pay $7.3M - Axios
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Principal pulls savage move on student who boasted about skipping class on social media - GOOD

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Principal pulls savage move on student who boasted about skipping class on social media  GOOD
Principal pulls savage move on student who boasted about skipping class on social media - GOOD
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Vere Tech principal optimistic about repairs - Jamaica Gleaner

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Vere Tech principal optimistic about repairs  Jamaica Gleaner
Vere Tech principal optimistic about repairs - Jamaica Gleaner
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New Beginnings High School Announces New Principal - GlobeNewswire

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New Beginnings High School Announces New Principal  GlobeNewswire
New Beginnings High School Announces New Principal - GlobeNewswire
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Edmontonian named Canadian principal of the year after four-decade career - MSN

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Edmontonian named Canadian principal of the year after four-decade career  MSN
Edmontonian named Canadian principal of the year after four-decade career - MSN
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Principal of Farquhar Beach Basic School appeals for help - Jamaica Gleaner

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Principal of Farquhar Beach Basic School appeals for help  Jamaica Gleaner
Principal of Farquhar Beach Basic School appeals for help - Jamaica Gleaner
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KCDSB hires new principal in Red Lake - KenoraOnline.com

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KCDSB hires new principal in Red Lake  KenoraOnline.com
KCDSB hires new principal in Red Lake - KenoraOnline.com
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KCDSB hires new principal in Red Lake - ckdr.net

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KCDSB hires new principal in Red Lake  ckdr.net
KCDSB hires new principal in Red Lake - ckdr.net
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High school graduate denied her diploma on stage by principal after dancing during ceremony - UNILAD

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High school graduate denied her diploma on stage by principal after dancing during ceremony  UNILAD
High school graduate denied her diploma on stage by principal after dancing during ceremony - UNILAD
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7 charges of misconduct: 'Improper, disgraceful' principal of Catholic-owned school in KZN fired - News24

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7 charges of misconduct: 'Improper, disgraceful' principal of Catholic-owned school in KZN fired  News24
7 charges of misconduct: 'Improper, disgraceful' principal of Catholic-owned school in KZN fired - News24
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High school graduate denied her diploma on stage by principal after dancing during ceremony - UNILAD

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High school graduate denied her diploma on stage by principal after dancing during ceremony  UNILAD
High school graduate denied her diploma on stage by principal after dancing during ceremony - UNILAD
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Who's in charge at your school? These 9 Naples area schools get new principals - Naples Daily News

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Who's in charge at your school? These 9 Naples area schools get new principals  Naples Daily News
Who's in charge at your school? These 9 Naples area schools get new principals - Naples Daily News
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Principal® Named “Best Place To Work for People With Disabilities” - CSRwire.com

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Principal® Named “Best Place To Work for People With Disabilities”  CSRwire.com
Principal® Named “Best Place To Work for People With Disabilities” - CSRwire.com
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Principal Financial Group® 2023 Sustainability Report: Integrating Sustainable Investing Practices - CSRwire.com

Published 15 hours ago

Submitted by Principal Financial Group, Inc.

Originally published in Principal Financial Group 2023 Sustainability Report

Integrating sustainable investing practices

Our global investment philosophy

We aim to provide clients with sustainable investment options that offer competitive, risk-adjusted returns and utilize a holistic view of factors influencing risk and return to help create added value for clients, the environment, and society and over time.

Our approach

Our sustainable investing beliefs are grounded in fostering relationships with investors and communities by offering products and solutions that align with their values.

Our philosophy includes considerations of environmental, social, and governance (ESG) integration, sustainable product creation, engagement and stewardship, and responsible proxy voting.

Sustainable investing oversight and collaboration

Principal Asset Management^SM has multiple levels of sustainable investing oversight and collaboration. Our Sustainable Investing Oversight Committee helps assure implementation of funds and strategies in accordance with the appropriate sustainability-related definitions. Our Sustainable Investment Council supports the sharing of best practices among investment professionals when constructing and managing client portfolios. Finally, our Sustainable Investing Leadership Team helps ensure our investment professionals have the information and resources needed to create and maintain sustainable investment products and solutions for clients.

Principal Financial Group®, Inc. total assets under management (AUM) in billions as of December 31, 2023¹

Principal Global Investors² managed AUM in billions as of December 31, 2023¹

For purposes of our sustainability report, as of December 31, 2023, the assets under management for Principal Financial Group® were $694.5 billion, of which $499.5 billion is managed by Principal Global Investors and $180.4 billion is reported by Principal International. The Company uses Principal Asset Management AUM for marketing purposes, defined as assets under management for Principal Global Investors and Principal International excluding assets for entities where the Company is a minority owner and assets that are not allowed to be included due to regulatory requirements.

Our actions and performance in 2023

Throughout 2023 we continued advancing our sustainable investing efforts:

• Adopted a platform exclusions policy for our offshore Dublin fund platform.
• Provided training opportunities to approximately 1000 individuals on sustainable investing topics.
• Increased the firm’s sustainable investing AUM³ from 55% to approximately 61%.
• Established sustainable investing goals for our general account, covering two-thirds of the general account AUM.
• Launched four new sustainable investment products.

What’s next

In 2024, we’re preparing as global regulations increase the requirements for transparency and disclosure industry-wide such as the EU’s Corporate Sustainability Reporting Directive (CSRD), climate regulations in California, and climate-related disclosures in Singapore. Even if not yet subject to comply, many companies have already begun providing more transparency into their ESG practices in preparation, and we expect data coverage from our own underlying companies to continue to improve as a result.

"Sustainable investing is a powerful way to help drive positive change balanced by investor value creation. We continue to organize our talent and products to tap into this important area for both our clients and communities in the process.”

Kamal Bhatia
Chief Executive Officer of Principal Asset Management

To learn more, read the Principal Financial Group 2023 Sustainability Report.

¹AUM as of December 31, 2023. Due to rounding, figures shown may not add to the totals.

²Principal Global Investors includes assets held by our general account and specific Principal International asset management businesses. Principal Asset Management^SM is the trade name of Principal Global Investors, LLC. See Important Information page for AUM description.

³AUM representative of Principal Global Investors investment teams as of December 31, 2023. AUM that are sustainable investment products are internally classified by Principal Asset Management^SM and not by any third party or regulatory body. Principal Asset ManagementS^SM is the trade name of Principal Global Investors, LLC. See Important Information page for AUM description.

Integration of sustainability considerations and/or environmental, social and governance (ESG) factors is qualitative and subjective by nature. There is no guarantee that the criteria used, or judgment exercised, will reflect the beliefs or values of any particular investor. There is no assurance that any strategy or integration of sustainability considerations and/or ESG factors will be successful or profitable.

Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Company®. Plan administrative services offered by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.​

3665773-072024

Principal Financial Group, Inc.

Principal Financial Group, Inc.

Principal Financial Group^® (Nasdaq: PFG) is a global financial company with 18,500 employees1 passionate about improving the wealth and well-being of people and businesses. In business for more than 140 years, we’re helping more than 51 million customers1 plan, protect, invest, and retire, while working to support the communities where we do business, and build a diverse, inclusive workforce. Principal^® is proud to be recognized as one of America’s 100 Most Sustainable Companies2, a member of the Bloomberg Gender Equality Index, and a Top 10 “Best Places to Work in Money Management3.” Learn more about Principal and our commitment to building a better future at principal.com.

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Baltimore names principal flute - Slipped Disc

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ArtsEd: Principal At Andrew Lloyd Webber-Backed Drama School Resigns After Bullying Investigation - Deadline

Julie Spencer, the principal at Andrew Lloyd Webber-backed drama school ArtsEd, has resigned citing health reasons after an independent investigation concluded that she presided over an “unhealthy environment” and brought the institution into disrepute.

ArtsEd is a storied British drama school, which counts Lloyd Webber as its president and major donor. Its notable alumni include One Day star Leo Woodall and Oscar-winner Julie Andrews. The school commissioned a senior lawyer to investigate after a series of Deadline stories uncovered bullying and misconduct allegations from staff and students against Spencer.

Ghazaleh Rezaie, the barrister engaged to lead the probe, has delivered her findings to ArtsEd’s board after a delay of more than three months. The performing arts school has published a summary of the investigation, but will not release Rezaie’s full report for data privacy reasons.

After interviewing 30 witnesses, Rezaie concluded that Spencer’s relationships with ArtsEd employees was “damaged beyond repair” and that an “unhealthy environment” had developed under her leadership. Spencer joined ArtsEd in 2019 to lead its School of Acting before being elevated to principal in 2021.

Rezaie said that not all the allegations against Spencer were “well founded,” but around half were enough to justify a disciplinary process. The lawyer also concluded that Spencer called students “snakes” after Deadline published audio evidence of the incident. Rezaie said Spencer brought ArtsEd into disrepute, “damaging trust and confidence” in the school by allowing it to forcefully deny that she used the term to describe students.

Spencer resigned before ArtsEd could commence disciplinary proceedings. Spencer has been on sick leave since ArtsEd commissioned the investigation last year and Rezaie was unable to fully conclude her work because she could not “obtain the principal’s response to all of the allegations within the time available due to the principal’s health.”

Deadline has offered Spencer the opportunity to comment via an ArtsEd spokesperson.

Farida Mannan, ArtsEd’s acting chair, said the board will consider Rezaie’s findings and takes the allegations against Spencer “very seriously.” She acknowleged that the process had been “challenging and at times an emotional” for those involved.

Mannan added: “The board is assessing the lessons which must be learned and changes which must be made … We are committed to a culture of inclusivity and transparency. The board of trustees will ensure that robust procedures and processes that create a safe environment for all of ArtsEd’s students and staff are embedded throughout the whole institution.”

The statement marks a change of tone from ArtsEd, which emphatically denied the allegations against Spencer and defended the principal in the weeks after Deadline’s exposé. It disputed any suggestion that the school had a “toxic” environment and said the claims were of a historical nature, arguing that they related to matters dealt with in a previous barrister-led review by Rebecca Tuck KC in 2021.

Tuck’s review concluded that ArtsEd had a “lack of regard” for the wellbeing of students, exposing them to favoritism, bullying, and other misconduct. The inquiry forced the resignation of principal Chris Hocking, meaning Spencer is the second ArtsEd chief to quit amid a misconduct controversy over the past three years.

The fallout from Spencer’s tenure is also playing out in court. ArtsEd is facing a legal battle with a former teacher, who was fired after raising concerns about a “culture of fear” at the drama school. Matt Bulmer was appointed head of ArtsEd’s Day School and Sixth Form in February 2022 but was sacked in August last year, resulting in his unfair dismissal claim.

A representative for Lloyd Webber declined to comment on Deadline’s investigation last year. There is no suggestion that he was aware of the allegations. Deadline’s reporting on ArtsEd formed part of a Drama Schools Uncovered series, which revealed that revered acting institutions are breeding grounds for sexual misconduct, racism, and bullying.

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Principal Financial Group® 2023 Sustainability Report: Integrating Sustainable Investing Practices - CSRwire.com

Published 2 hours ago

Submitted by Principal Financial Group, Inc.

Originally published in Principal Financial Group 2023 Sustainability Report

Integrating sustainable investing practices

Our global investment philosophy

We aim to provide clients with sustainable investment options that offer competitive, risk-adjusted returns and utilize a holistic view of factors influencing risk and return to help create added value for clients, the environment, and society and over time.

Our approach

Our sustainable investing beliefs are grounded in fostering relationships with investors and communities by offering products and solutions that align with their values.

Our philosophy includes considerations of environmental, social, and governance (ESG) integration, sustainable product creation, engagement and stewardship, and responsible proxy voting.

Sustainable investing oversight and collaboration

Principal Asset Management^SM has multiple levels of sustainable investing oversight and collaboration. Our Sustainable Investing Oversight Committee helps assure implementation of funds and strategies in accordance with the appropriate sustainability-related definitions. Our Sustainable Investment Council supports the sharing of best practices among investment professionals when constructing and managing client portfolios. Finally, our Sustainable Investing Leadership Team helps ensure our investment professionals have the information and resources needed to create and maintain sustainable investment products and solutions for clients.

Principal Financial Group®, Inc. total assets under management (AUM) in billions as of December 31, 2023¹

Principal Global Investors² managed AUM in billions as of December 31, 2023¹

For purposes of our sustainability report, as of December 31, 2023, the assets under management for Principal Financial Group® were $694.5 billion, of which $499.5 billion is managed by Principal Global Investors and $180.4 billion is reported by Principal International. The Company uses Principal Asset Management AUM for marketing purposes, defined as assets under management for Principal Global Investors and Principal International excluding assets for entities where the Company is a minority owner and assets that are not allowed to be included due to regulatory requirements.

Our actions and performance in 2023

Throughout 2023 we continued advancing our sustainable investing efforts:

• Adopted a platform exclusions policy for our offshore Dublin fund platform.
• Provided training opportunities to approximately 1000 individuals on sustainable investing topics.
• Increased the firm’s sustainable investing AUM³ from 55% to approximately 61%.
• Established sustainable investing goals for our general account, covering two-thirds of the general account AUM.
• Launched four new sustainable investment products.

What’s next

In 2024, we’re preparing as global regulations increase the requirements for transparency and disclosure industry-wide such as the EU’s Corporate Sustainability Reporting Directive (CSRD), climate regulations in California, and climate-related disclosures in Singapore. Even if not yet subject to comply, many companies have already begun providing more transparency into their ESG practices in preparation, and we expect data coverage from our own underlying companies to continue to improve as a result.

"Sustainable investing is a powerful way to help drive positive change balanced by investor value creation. We continue to organize our talent and products to tap into this important area for both our clients and communities in the process.”

Kamal Bhatia
Chief Executive Officer of Principal Asset Management

To learn more, read the Principal Financial Group 2023 Sustainability Report.

¹AUM as of December 31, 2023. Due to rounding, figures shown may not add to the totals.

²Principal Global Investors includes assets held by our general account and specific Principal International asset management businesses. Principal Asset Management^SM is the trade name of Principal Global Investors, LLC. See Important Information page for AUM description.

³AUM representative of Principal Global Investors investment teams as of December 31, 2023. AUM that are sustainable investment products are internally classified by Principal Asset Management^SM and not by any third party or regulatory body. Principal Asset ManagementS^SM is the trade name of Principal Global Investors, LLC. See Important Information page for AUM description.

Integration of sustainability considerations and/or environmental, social and governance (ESG) factors is qualitative and subjective by nature. There is no guarantee that the criteria used, or judgment exercised, will reflect the beliefs or values of any particular investor. There is no assurance that any strategy or integration of sustainability considerations and/or ESG factors will be successful or profitable.

Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Company®. Plan administrative services offered by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.​

3665773-072024

Principal Financial Group, Inc.

Principal Financial Group, Inc.

Principal Financial Group^® (Nasdaq: PFG) is a global financial company with 18,500 employees1 passionate about improving the wealth and well-being of people and businesses. In business for more than 140 years, we’re helping more than 51 million customers1 plan, protect, invest, and retire, while working to support the communities where we do business, and build a diverse, inclusive workforce. Principal^® is proud to be recognized as one of America’s 100 Most Sustainable Companies2, a member of the Bloomberg Gender Equality Index, and a Top 10 “Best Places to Work in Money Management3.” Learn more about Principal and our commitment to building a better future at principal.com.

More from Principal Financial Group, Inc.

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Baltimore names principal flute - Slipped Disc

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High school and sixth form to have separate principals - BBC.com

Kieran James will become the principal of the Sixth Form Centre, while current principal Verona Tomlin will focus on Les Varendes

A Guernsey high school and sixth form centre will have separate principals from September.

Les Varendes High School and the Sixth Form Centre will also have separate interim governing bodies from the autumn term.

The two organisations will run independently from September 2025, with Les Varendes due to complete its merger with La Mare de Carteret High School then.

Kieran James, principal of the Sixth Form Centre, said everyone involved was "committed to putting students first" and wanted to ensure the changes had a "minimal impact on them".

The change will mark another step towards the final model of three state-run secondary schools on the island, and a separate sixth form centre.

Mr James, who was previously principal of the old Guernsey Grammar School and Sixth Form, said: "I am confident now that when we do separate, the Sixth Form Centre will remain the centre of excellence that it always has been."

Les Varendes and the Sixth Form Centre will share the same site in 2024 to 2025 academic year, but the sixth form will move to a temporary home at the La Mare de Carteret site in September next year.

Meanwhile, pupils from La Mare de Carteret will move to Les Varendes at the same time, completing the two high schools' merger.

Verona Tomlin, principal of Les Varendes, said "a great deal of work" had taken place to allow the high school and sixth form to separate and the move was "another step towards that goal".

The long-term plan is to build a dedicated Sixth Form Centre at Les Ozouets when funding is available, with the foundations of the building now being built.

Follow BBC Guernsey on X (formerly Twitter) and Facebook. Send your story ideas to channel.islands@bbc.co.uk.

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“Our own worst problem” - Zak Brown blasts ‘embarrassing’ team principal meetings - Crash

McLaren Racing CEO Zak Brown has hit out at “embarrassing” approaches to team principal meetings, admitting F1 teams can be “our own worst problem at times”.

Brown believes F1 teams have too much power in the current structure and has accused some rivals of pushing for rule changes for selfish reasons which don’t benefit the sport as a whole.

He singled out former Alpine team principal Otmar Szafnauer for apparently changing his stance over the penalty points system when it impacted his driver at the time, Pierre Gasly.

According to Brown, Szafnauer was against the idea of softening the rules when McLaren’s Lando Norris was on the verge of a one-race ban in 2021, but lobbied for similar changes when Gasly had the threat of a suspension hanging over him.

“It can be pretty embarrassing in times in the team principal meetings,” Brown told media including Crash.net at Silverstone.

“An example being when Lando was up on penalty points two years ago, and we made our case that, actually, the majority of those penalty points weren’t ‘dangerous’ and Otmar was totally against it, because obviously everyone wanted to give Lando a ban.

“Fast-forward 12 months, Gasly’s up against it, Otmar brings forward the same exact case that we brought forward and we were like ‘dude, you voted against that?’ He didn’t even know where he voted. And that’s not healthy, because it shows that one year it might work for you, the following year it might not work for you.”

Otmar Szafnauer (USA) Alpine F1 Team, Team Principal. Formula 1 World…

Brown added: “To take this kind of ‘what’s good for me today’ vote out of the system, I think you’ve just got to stand back and let the FIA and Formula 1 regulate for the fairness of the sport. Which means you’re going to win some, lose some. There could be some times that we lose in the short-term, because we would have liked to block something.

“I believe McLaren want to race in a fair and sporting and equitable way, which means sometimes it might go for you, sometimes it might go against you. But over the long haul, if we’re all in a sport that is about total fairness, and things are equal for everyone, I think that’s just a better sport. We all win.”

Brown said he would like to see teams have “less authority” when it comes to future decisions over rules and wants to scrap the current voting process which requires a majority agreement.

“I’d like to see the teams have less authority,” he explained. “[Still] as much of a voice, through voting for all these different things that we vote on, but I’d like to see us get rid of majority votes and get to a simple ‘50%, something gets through’ because we’re all conflicted in some way at some point.

“We do need to give more of the power back to Formula 1 and the FIA to do what they think is right for the sport. I think we’re our own worst problem at times.”

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Video: With Road Flooded, Medical College Principal Taken Out On A Stretcher - NDTV

A medical college principal, dressed in a shirt and trousers, is sitting on a stretcher as four men push it through a flooded street in Uttar Pradesh, showed a video.  

The incident was reported from Shahjahanpur, which has received heavy rain and areas in the city are heavily flooded.

The college principal, Rajesh Kumar, covering his face with a handkerchief, did not want to sully his clothes and got four men to take him out on a stretcher, say reports.

The principal has condemned the video, saying the reality is at variance with the video version.

"A video is going viral which shows me being taken out on a stretcher. I condemn this video. Shahjahanpur is flooded. Even our college is flooded. Around 300 patients, working staff members and others are stuck here. We evacuated all the patients, using ambulance, buses," said Mr Kumar.

"Water has risen alarmingly. I tried if I could get an ambulance to get out. I have a leg injury and am also diabetic, due to which I am unable to walk. I spoke to my working staff members and they said they will take me out of the medical college on a stretcher," said Mr Acharya, defending himself.

Traffic on the Lucknow-Bareilly highway in Shahjahanpur was also affected after a large section of the road was inundated.

"Teams of the NDRF and the SDRF are coordinating with the local administration to mitigate flood-related issues in the affected areas. We have set up flood relief camps for affected people," State Relief Commissioner Naveen Kumar said.

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NSS principal moves on to job with Ministry of Education - Hamilton Spectator

After eight years as principal at Nakusp Secondary School, Peter Gajda is moving on to different pastures.

“It will be tough to leave this position,” he said. “I love to be the proud principal of this school!”

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GUNTER: Would a federal tax on your principal residence be next? - Toronto Sun

Get the latest from Lorne Gunter straight to your inbox

Published Jul 09, 2024  •  Last updated 3 days ago  •  3 minute read

A west-end Toronto home for sale is shown in a July 15, 2023 file photo. Photo by Graeme Roy /THE CANADIAN PRESS

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If the federal Liberals have their way, younger generations of Canadians will have to be content with living in townhouses, condos and walk-up apartments. No single-family homes anymore where they can entertain friends on the deck while the kids run around in the backyard.

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And current homeowners will be subject to punitive taxes on the equity in their homes to pay for the Liberal dream of dense urban living.

You probably already know that Prime Minister Justin Trudeau was the guest of honour last month at a symposium put on by a lobby group, Generation Squeeze, that advocates for a “home equity surtax” that would cost anyone who owns a home worth $1 million or more at least $10,000 a year.

Trudeau and the lobby group, run by UBC professor Paul Kershaw, tried to keep the meeting secret. No reporters or members of the public were admitted. And both parties are still keeping the full transcript of Trudeau’s remarks hidden.

But what is less well known is that Housing Minister Sean Fraser and the Canada Mortgage and Housing Corporation (CMHC) are currently developing a “housing design catalogue” for builders and developers that would contain preapproved designs that municipalities could permit for immediate construction.

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The catalogue, in and of itself, is a good idea. The federal Liberals have committed to building 560,000 new housing units a year for the next seven years, up from the current annual average of 240,000. To come even close to that goal, it would be helpful to have ready-to-go blueprints that could bypass months of slow municipal approval processes.

The problem with the catalogue is that the federal government will consider no single-family dwellings for inclusion. The only designs being considered are for multi-family projects such as rowhouses, high-rise condominiums and two- to four-storey apartments.

Forget the dream of owning your own little patch of green on which to relax and raise a family. The unimaginative, woke, eco-obsessed federal government has decided for you that that is not your future.

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(There is also a federal initiative to get you to give up cars altogether in favour of transit and e-bikes. In Canada. In the winter. But that’s a subject for another day.)

The federal housing catalogue is not the be-all and end-all of designs. It’s intended more as a series of recommendations. So builders and buyers could still choose a bungalow or other private home.

What’s more outrageous is the idea of a 1% annual tax on homes valued at over $1 million.

Generation Squeeze’s founder, Prof. Kershaw, echoes so much of the Liberals’ messaging. For instance, he argues it is only fair to tax “wealth homeowners” a little to help middle-class home buyers afford more.

But there is also an edge of bitterness and resentment. A home equity tax, Kershaw says, is “about generational fairness.” Older homeowners should be taxed more because many of them have “gained from rising home prices while they sleep or watch TV.”

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What is being proposed by Generation Squeeze, and presumably by the Trudeau Liberals, is a tax of about $800 a month on the value of your principal residence, which up until now has always been tax exempt.

The really big problem with the tax is it would not tax wealthy homeowners as much as homeowners with the bad luck to live in the country’s most expensive housing markets. In Vancouver, over 70% of homes are worth in excess of $1 million, including tiny, old and disrepaired homes. In Toronto, over 60% of homes would be subject to the new tax.

No doubt many middle-class homeowners, seniors and young couples would be forced to sell their homes as a result of such an added burden.

The brains behind this tax claim it would only affect 10% of Canadians, but most of that 10% are not “rich.”

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GUNTER: Would a federal tax on your principal residence be next? - Toronto Sun
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Canadian orchestra names principal, 17 - Slipped Disc

norman lebrecht

July 11, 2024

Taking its lead from the Spain football team, whose teenaged star gets sent to bed before full-time, the Vancouver Symphony has chosen Julin Cheung as its Assistant Principal Flute/Piccolo after an international audition.

Julin is 17. He won’t take up the position until April next year, when he finishes school.

 

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Govt school vice-principal held for sexually harassing teacher - The Tribune India

Tribune News Service

Chandigarh, July 9

The UT police have arrested the suspended vice-principal of a government school for allegedly sexually harassing a teacher. The accused was suspended by the Education Department in June after allegations were levelled against him.

The police arrested the accused on July 7 and produced him in the court next day. The court sent him to judicial custody.

A case under Sections 354, 354-A, 509 and 506 of the IPC was registered against him at the Sector 11 police station.

A computer instructor at a government school had alleged that the accused had tried to touch her without her consent and engaged in objectionable talks with her.

As per the allegations, the accused had also tried to convince the complainant to come to his place in the absence of his family. It was alleged that this had happened during the ongoing summer vacation when the vice-principal was in charge in the absence of the school principal.

The Education Department had last month also constituted a four-member fact-finding committee under the chairmanship of the District Education Officer (DEO) to probe the matter.

About The Author

The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.

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Govt school vice-principal held for sexually harassing teacher - The Tribune India
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Principal Financial Group Inc. Sells 1562 Shares of Golden Ocean Group Limited (NASDAQ:GOGL) - Defense World

Principal Financial Group Inc. lessened its position in Golden Ocean Group Limited (NASDAQ:GOGL – Free Report) by 10.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,065 shares of the shipping company’s stock after selling 1,562 shares during the period. Principal Financial Group Inc.’s holdings in Golden Ocean Group were worth $182,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Folketrygdfondet grew its holdings in Golden Ocean Group by 5.6% in the 4th quarter. Folketrygdfondet now owns 9,402,318 shares of the shipping company’s stock worth $91,767,000 after acquiring an additional 500,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Golden Ocean Group by 15.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,151,274 shares of the shipping company’s stock valued at $11,236,000 after purchasing an additional 155,425 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Golden Ocean Group by 108.5% during the 4th quarter. Hsbc Holdings PLC now owns 712,829 shares of the shipping company’s stock valued at $6,928,000 after purchasing an additional 370,918 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Golden Ocean Group by 184.9% during the 4th quarter. Russell Investments Group Ltd. now owns 108,374 shares of the shipping company’s stock valued at $1,058,000 after purchasing an additional 70,341 shares in the last quarter. Finally, BDL Capital Management bought a new stake in shares of Golden Ocean Group during the 4th quarter valued at about $930,000. Institutional investors own 22.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GOGL shares. Jefferies Financial Group lowered shares of Golden Ocean Group from a “buy” rating to a “hold” rating and set a $15.50 target price on the stock. in a research note on Wednesday, May 22nd. StockNews.com raised shares of Golden Ocean Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd.

Get Our Latest Analysis on Golden Ocean Group

Golden Ocean Group Trading Down 2.7 %

Shares of NASDAQ GOGL opened at $13.25 on Tuesday. Golden Ocean Group Limited has a 1 year low of $6.89 and a 1 year high of $15.77. The stock has a market cap of $2.65 billion, a P/E ratio of 14.25 and a beta of 1.16. The firm has a 50-day moving average of $14.10 and a 200 day moving average of $12.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.25 and a quick ratio of 1.25.

Golden Ocean Group (NASDAQ:GOGL – Get Free Report) last issued its quarterly earnings results on Wednesday, May 22nd. The shipping company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. Golden Ocean Group had a net margin of 19.92% and a return on equity of 8.67%. The company had revenue of $196.70 million during the quarter. As a group, sell-side analysts expect that Golden Ocean Group Limited will post 1.43 EPS for the current fiscal year.

Golden Ocean Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, June 7th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.20 dividend on an annualized basis and a yield of 9.06%. Golden Ocean Group’s dividend payout ratio (DPR) is currently 129.03%.

About Golden Ocean Group

(Free Report)

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide. The company's dry bulk vessels comprise Newcastlemax, Capesize, and Panamax vessels operating in the spot and time charter markets. It also transports a range of bulk commodities, including ores, coal, grains, and fertilizers.

Further Reading

Want to see what other hedge funds are holding GOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Golden Ocean Group Limited (NASDAQ:GOGL – Free Report).

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Principal Financial Group Inc. Sells 1562 Shares of Golden Ocean Group Limited (NASDAQ:GOGL) - Defense World
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A New Principal Takes Her Bow at American Ballet Theater - The New York Times

It was an extraordinary performance from Chloe Misseldine on Wednesday afternoon, the kind of debut that reminds us how rare it is for a dancer to have not only access to strength and delicacy, but also the ability to weave them together in real time.

The moment Susan Jaffe, artistic director of American Ballet Theater, stepped onto the stage after the matinee of “Swan Lake” at the Metropolitan Opera House, it was apparent what was about to happen.

“So, Chloe Misseldine doesn’t know this yet,” she said. “But as of this moment, she’s just been promoted to principal dancer.”

A roar followed. This isn’t the usual way dancers are told about their promotions at Ballet Theater. Jaffe, in a statement, said that she expected she would name Misseldine a principal at the end of the season, but changed her mind after Misseldine’s New York debut in the dual role of Odette-Odile. “I felt no need to wait,” Jaffe said. “The moment was right.”

More than that, the moment was necessary. Both the performance and surprise promotion gave a needed jolt to Ballet Theater’s summer season, a sleepy one so far that has included the company premiere of Wayne McGregor’s ponderous three-act “Woolf Works,” and more traditional repertoire: “Onegin” (with its melodrama and big lift energy) and “Swan Lake” (from 2000 and in need of an overhaul).

In “Swan Lake,” Misseldine, dancing with an impressive Aran Bell as Prince Siegfried, showered the stage with glittering dancing, first as Odette — a princess who has been turned into a swan by the evil sorcerer, von Rothbart — and then as Odile, his deceptive daughter who tricks Siegfried at the ball.

Dancers tend to shine in one role or the other, but Misseldine, 22, was astonishing in both, giving her Odette a translucent splendor and her Odile a burst of daring and seduction — even some side-eye humor. At 5 feet 9 inches, Misseldine is all legs and arms, which she used, along with her elegant fingers, to willowy effect. Her body filled out the music, spinning with jaw-dropping speed and steadiness in supported pirouettes or angling to press softly into every last note.

Her ability to change dynamics, to shift from slow to fast, to show pathos and glee feels connected to how she uses music as a primary source of flow. Sometimes it seems her dancing is made of water; it shimmers with a kind of lightness imbued with grandeur.

When Misseldine floats her arms upward, stretching from her fingertips to her toes, it’s not of this earth. When she unfurls a leg, stretching it high to the side, the spaciousness of her dancing is what transports you, not just her extension. Yet beyond her physicality is an access to expression that seems drawn wholly from instinct, as if emanating from an unseen force. Misseldine is not into affectation. With unselfconscious glamour, she was a princess trapped in a swan’s body: stretching, breathing, crying through her body to escape.

Misseldine is the first principal dancer Jaffe has named since becoming artistic director 18 months ago, and she gave Misseldine a powerful gift: her wings. Jaffe gave us a gift, too, a singular ballerina who won’t be sidelined by rank, one who has many more years to fly.

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A New Principal Takes Her Bow at American Ballet Theater - The New York Times
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