Financial Affairs – Uncharted 3 Blog http://uncharted3blog.com/ Tue, 29 Mar 2022 17:50:13 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://uncharted3blog.com/wp-content/uploads/2021/05/default.png Financial Affairs – Uncharted 3 Blog http://uncharted3blog.com/ 32 32 Lawsuit Loans: Can You Get More Than One? | Get Answers to Your Funding Questions https://uncharted3blog.com/getting-approved-home-loan-bad-credit/ https://uncharted3blog.com/getting-approved-home-loan-bad-credit/#respond Tue, 18 May 2021 10:55:10 +0000 https://uncharted3blog.com/?p=643 It’s common knowledge that after suffering injuries caused by someone else’s negligence, you may be able to sue for damages and get compensation. Whether you want a payday loan online same day, OakPark Financial can be your financial partner all the way. Unfortunately, you may be waiting months or even years for your case to settle. You […]]]>

It’s common knowledge that after suffering injuries caused by someone else’s negligence, you may be able to sue for damages and get compensation. Whether you want a payday loan online same day, OakPark Financial can be your financial partner all the way. Unfortunately, you may be waiting months or even years for your case to settle.

You can’t put your life on hold and catch up on bills later. That’s why so many plaintiffs take advantage of lawsuit loans. This type of funding can keep the bill collectors at bay while you take time to heal. You can get more than one lawsuit loan if necessary.

Who Qualifies for a Lawsuit Loan?

If you are a plaintiff pursuing compensation, you are probably an eligible candidate for a lawsuit loan. This type of funding has helped plaintiffs in a variety of cases including:

  • Personal injury cases
  • Medical malpractice lawsuits
  • Employment or labor law disputes

There is one requirement to be aware of before you apply: you must have legal representation. Hiring a lawyer can be beneficial to both your lender and your case.

When Would I Need a Lawsuit Loan?

No two personal injury lawsuits are the same. Your lawyer may need extra time to collect evidence to support your claim. If the defendant’s representative refuses a fair settlement, negotiations can drag on.

The defendant may know you are injured and may have to miss work while you recover. Stall tactics are sometimes used to force you to accept less than your case is worth. A lawsuit loan can tide you over while your lawyer fights for the full settlement you need to treat your injuries.

What if I Use Up My Loan Before My Case Settles?

If your case takes too long to settle and you run out of money from your lawsuit loan, you can always apply for additional funding. Some plaintiffs need two or three lawsuit loans. Depending on your lender, you may be able to take additional loans up to 10-20% of the value of your case.

The process of getting additional funding is similar to your first lawsuit loan application. Your personal finances will not affect your loan rates, and your credit score will not be checked. As soon as your application is approved, you can usually expect to receive funds within 24 hours.

How Do I Repay a Lawsuit Loan?

A lawsuit loan is not the same as a traditional bank loan that you repay in monthly installments. You don’t have to worry about a payment schedule or a penalty interest rate if you pay late. You don’t have to pay it back until after your lawsuit is won and you are awarded damages.

Once your case is settled, your lawyer usually will receive your settlement or court award. At this stage, legal fees and the lawsuit loan repayment amount will be deducted from your settlement amount. Your lawyer will repay your lawsuit loan lender and provide you with the remainder of your settlement.

What if I Lose My Lawsuit?

When you apply for a lawsuit loan, the strength of your case is assessed. If your application is approved and you are granted a lawsuit loan, it means your lender is confident that you will win your case. However, that’s no guarantee of winning.

If your case is dismissed outright or your case is resolved without compensation, your lender will not ask for repayment. If you lose your lawsuit, your loan will be dismissed.

If you sustained injuries in an accident, you can consult with a lawyer to discuss your options. An experienced legal team can advise you on filing a personal injury claim or lawsuit. Rest assured that if your case takes a long time to settle, a lawsuit loan can protect you.

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The 12 Largest US Tech Startup Funding Rounds of March 2021 https://uncharted3blog.com/the-12-largest-us-tech-startup-funding-rounds-of-march-2021/ https://uncharted3blog.com/the-12-largest-us-tech-startup-funding-rounds-of-march-2021/#respond Tue, 18 May 2021 05:24:25 +0000 https://uncharted3blog.com/?p=412 Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from March 2021, where a record $20.2B was raised by US startups. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis. The TechWatch […]]]>

Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from March 2021, where a record $20.2B was raised by US startups. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis.


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12. Tonal $250.0M

Round: Series E
Description: San Francisco-based Tonal is a smart home gym that uses artificial intelligence and coaching to provide strength training. Founded by Aly Orady in 2015, Tonal has now raised a total of $450.0M in total equity funding and is backed by investors that include Sapphire Ventures, Bolt, L Catterton, TechNexus Venture Collaborative, and Mayfield Fund.
Investors in the round: Cobalt Capital, Dragoneer Investment Group, Drew Brees, L Catterton, Larry Fitzgerald, Maria Sharapova, Mike Tyson, Sapphire Ventures, Sue Bird
Industry: Artificial Intelligence, Consumer Electronics, Fitness, Machine Learning, Personal Health
Founders: Aly Orady
Founding year: 2015
Location: San Francisco
Total equity funding raised: $450.0M



11. Instacart $265.0M

Round: Venture
Description: San Francisco-based Instacart is an online grocery platform that offers same-day delivery and pickup services for retailers and consumers. Founded by Apoorva Mehta, Brandon Leonardo, and Max Mullen in 2012, Instacart has now raised a total of $2.7B in total equity funding and is backed by investors that include General Catalyst, DST Global, D1 Capital Partners, Sequoia Capital, and Initialized Capital.
Investors in the round: Andreessen Horowitz, D1 Capital Partners, Fidelity Management and Research Company, Sequoia Capital, T. Rowe Price
Industry: Delivery Service, E-Commerce, Grocery, Same Day Delivery, Shopping
Founders: Apoorva Mehta, Brandon Leonardo, Max Mullen
Founding year: 2012
Location: San Francisco
Total equity funding raised: $2.7B



10. Airtable $270.0M

Round: Series E
Description: San Francisco-based Airtable is a cloud-based software company that offers an easy-to-use online platform for creating and sharing relational databases. Founded by Andrew Ofstad, Emmett Nicholas, and Howie Liu in 2013, Airtable has now raised a total of $617.6M in total equity funding and is backed by investors that include D1 Capital Partners, Greenoaks Capital, CRV, BoxGroup, and Slow Ventures.
Investors in the round: Caffeinated Capital, CRV, Greenoaks Capital, Thrive Capital, WndrCo
Industry: Collaboration, Database, Developer Tools, SaaS
Founders: Andrew Ofstad, Emmett Nicholas, Howie Liu
Founding year: 2013
Location: San Francisco
Total equity funding raised: $617.6M



9. Squarespace $300.0M

Round: Venture
Description: New York-based Squarespace is an all-in-one platform for websites, domains, online stores, marketing tools and scheduling. Founded by Anthony Casalena in 2003, Squarespace has now raised a total of $378.5M in total equity funding and is backed by investors that include D1 Capital Partners, General Atlantic, T. Rowe Price, Fidelity Management and Research Company, and Tiger Global Management.
Investors in the round: Accel, D1 Capital Partners, Dragoneer Investment Group, Fidelity Management and Research Company, General Atlantic, T. Rowe Price, The Spruce House Partnership, Tiger Global Management
Industry: Developer Tools, E-Commerce Platforms, Software, Web Design
Founders: Anthony Casalena
Founding year: 2003
Location: New York
Total equity funding raised: $378.5M



9. Snyk $300.0M

Round: Series E
Description: Boston-based Snyk is a cybersecurity company that develops security analysis tools used to identify open-source vulnerabilities. Founded by Assaf Hefetz, Danny Grander, and Guy Podjarny in 2015, Snyk has now raised a total of $752.0M in total equity funding and is backed by investors that include BlackRock, Salesforce Ventures, Canaan Partners, GV, and Tiger Global Management.
Investors in the round: Accel, Addition, Alkeon Capital, Atlassian Ventures, BlackRock, Boldstart Ventures, Salesforce Ventures
Industry: Cyber Security, Developer Tools, Network Security, Software
Founders: Assaf Hefetz, Danny Grander, Guy Podjarny
Founding year: 2015
Location: Boston
Total equity funding raised: $752.0M


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9. HighRadius $300.0M

Round: Series C
Description: Houston-based HighRadius is a SaaS company that develops an artificial intelligence-based order-to-cash and treasury management software. Founded by Sashi Narahari in 2006, HighRadius has now raised a total of $475.0M in total equity funding and is backed by investors that include D1 Capital Partners, Tiger Global Management, Citi Ventures, Susquehanna Growth Equity, and Frank Slootman.
Investors in the round: Craig Tooey Courtemanche, D1 Capital Partners, Frank Slootman, Howie Liu, ICONIQ Growth, Michael Scarpelli, Susquehanna Growth Equity, Tiger Global Management
Industry: Accounting, Artificial Intelligence, FinTech, SaaS
Founders: Sashi Narahari
Founding year: 2006
Location: Houston
Total equity funding raised: $475.0M



8. Weee! $315.0M

Round: Series D
Description: Fremont-based Weee! is a California-based online grocery delivery platform that offers Hispanic and Asian foods specialty products and everyday staples. Founded by Larry Liu in 2015, Weee! has now raised a total of $397.8M in total equity funding and is backed by investors that include DST Global, Tiger Global Management, Blackstone Group, Silicon Valley Bank, and VMG Partners.
Investors in the round: Arena Holdings, Blackstone Group, DST Global, iFly.vc, Tiger Global Management
Industry: E-Commerce, Grocery, Local, Mobile
Founders: Larry Liu
Founding year: 2015
Location: Fremont
Total equity funding raised: $397.8M



7. BlockFi $350.0M

Round: Series D
Description: Jersey City-based BlockFi is a secured non-bank lender that offers cryptoasset-backed USD loans to cryptoasset owners. Founded by Flori Marquez and Zac Prince in 2017, BlockFi has now raised a total of $504.7M in total equity funding and is backed by investors that include Alumni Ventures Group, DST Global, Bain Capital Ventures, Galaxy Digital, and Gaingels.
Investors in the round: Akuna Capital, Bain Capital Ventures, Breyer Capital, Castle Island Ventures, CMS Holdings, DST Global, Gaingels, Hudson River Trading, Jump Capital, Kenetic, Morgan Creek Digital, Pacific Century Group, Paradigm, ParaFi Capital, PJC, Pomp Investments, Susquehanna Government Products, The Venture Collective, Third Prime, Tiger Global Management, Valar Ventures
Industry: Bitcoin, Consumer Lending, Cryptocurrency, Financial Services
Founders: Flori Marquez, Zac Prince
Founding year: 2017
Location: Jersey City
Total equity funding raised: $504.7M



6. Insitro $400.0M

Round: Series C
Description: South San Francisco-based Insitro is a drug discovery and development startup that utilizes machine learning and biology to transform drug discovery. Founded by Daphne Koller in 2018, Insitro has now raised a total of $743.0M in total equity funding and is backed by investors that include BlackRock, SoftBank Vision Fund, T. Rowe Price, Temasek Holdings, and Verily.
Investors in the round: Alexandria Venture Investments, Andreessen Horowitz, ARCH Venture Partners, BlackRock, Canada Pension Plan Investment Board, Casdin Capital, Foresite Capital, GV, HOF Capital, SoftBank Vision Fund, T. Rowe Price, Temasek Holdings, Third Rock Ventures, Two Sigma Ventures
Industry: Biotechnology, Life Science, Pharmaceutical, Therapeutics
Founders: Daphne Koller
Founding year: 2018
Location: South San Francisco
Total equity funding raised: $743.0M



5. Attentive $470.0M

Round: Series E
Description: New York-based Attentive is a personalized mobile messaging platform for innovative brands and organizations. Founded by Andrew Jones, Brian Long, and Ethan Lo in 2016, Attentive has now raised a total of $863.0M in total equity funding and is backed by investors that include D1 Capital Partners, Sequoia Capital, Bain Capital Ventures, Sapphire Ventures, and IVP.
Investors in the round: Base10 Partners, Coatue, D1 Capital Partners, IVP, Tiger Global Management
Industry: Advertising, Marketing, Marketing Automation, Messaging, Mobile, Personalization, SaaS, Software
Founders: Andrew Jones, Brian Long, Ethan Lo
Founding year: 2016
Location: New York
Total equity funding raised: $863.0M


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4. Dataminr $475.0M

Round: Series F
Description: New York-based Dataminr develops an artificial intelligence platform designed for real-time event and risk detection. Founded by Jeff Kinsey, Sam Hendel, and Theodore Bailey in 2009, Dataminr has now raised a total of $1.1B in total equity funding and is backed by investors that include Alumni Ventures Group, FJ Labs, BoxGroup, IVP, and Fidelity.
Investors in the round: ArrowMark Partners, DNS Capital, Eden Global, Eldridge, IVP, Lurra Capital, Moore Capital, Morgan Stanley Tactical Value, MSD Capital, Reinvent Capital, The Pritzker Organization, Valor Equity Partners
Industry: Analytics, Artificial Intelligence, Information Technology, Public Safety, Risk Management, Software
Founders: Jeff Kinsey, Sam Hendel, Theodore Bailey
Founding year: 2009
Location: New York
Total equity funding raised: $1.1B



3. Ro $500.0M

Round: Series D
Description: New York-based Ro is a telehealth startup that operates digital health clinics for men’s and women’s health, along with smoking cessation. Founded by Rob Schutz, Saman Rahmanian, and Zachariah Reitano in 2017, Ro has now raised a total of $876.1M in total equity funding and is backed by investors that include General Catalyst, Initialized Capital, BoxGroup, Slow Ventures, and FirstMark.
Investors in the round: 776 Capital, Altimeter Capital, BoxGroup, Dragoneer Investment Group, FirstMark, General Catalyst, Radcliff Group, ShawSpring Partners, SignalFire, The Baupost Group, Torch Capital, TQ Ventures
Industry: Health Care, Health Diagnostics, Hospital, Wellness
Founders: Rob Schutz, Saman Rahmanian, Zachariah Reitano
Founding year: 2017
Location: New York
Total equity funding raised: $876.1M
AlleyWatch’s exclusive coverage of this round: Ro Raises $500M for its Primary Care Telehealth Platform That Makes Healthcare Accessible at a Time When We Need it Most



3. ServiceTitan $500.0M

Round: Series F
Description: Glendale-based ServiceTitan is a service management software that helps home services businesses generate more leads and close more sales. Founded by Ara Mahdessian and Vahe Kuzoyan in 2013, ServiceTitan has now raised a total of $899.8M in total equity funding and is backed by investors that include T. Rowe Price, Battery Ventures, Tiger Global Management, Index Ventures, and Bessemer Venture Partners.
Investors in the round: Arena Holdings, Battery Ventures, Bessemer Venture Partners, Dragoneer Investment Group, Durable Capital Partners, H.I.G. Growth Partners, ICONIQ Growth, Index Ventures, Sequoia Capital Global Equities, Tiger Global Management
Industry: CRM, Home Services, Information Technology, Real Estate, SaaS, Software
Founders: Ara Mahdessian, Vahe Kuzoyan
Founding year: 2013
Location: Glendale
Total equity funding raised: $899.8M



2. Stripe $600.0M

Round: Series H
Description: San Francisco-based Stripe is a developer-oriented commerce company helping small and large companies accept web and mobile payments. Founded by John Collison and Patrick Collison in 2010, Stripe has now raised a total of $2.2B in total equity funding and is backed by investors that include General Catalyst, DST Global, Sequoia Capital, Andreessen Horowitz, and Fidelity Management and Research Company.
Investors in the round: Allianz X, AXA Group, Baillie Gifford, Counterpart Advisors, Fidelity Management and Research Company, National Treasury Management Agency (NTMA), Sequoia Capital
Industry: Finance, FinTech, Mobile Payments, Payments, SaaS
Founders: John Collison, Patrick Collison
Founding year: 2010
Location: San Francisco
Total equity funding raised: $2.2B



1. Gopuff $1.2B

Round: Series G
Description: Philadelphia-based Gopuff is a mobile app-based digital delivery service that delivers products such as over-the-counter medicine, baby food, and alcohol. Founded by Rafael Ilishayev and Yakir Gola in 2013, Gopuff has now raised a total of $2.4B in total equity funding and is backed by investors that include D1 Capital Partners, SoftBank Vision Fund, Fidelity Management and Research Company, Valor Equity Partners, and e.ventures.
Investors in the round: Baillie Gifford, D1 Capital Partners, Eldridge, Fidelity Management and Research Company, Luxor Capital Group, Reinvent Capital, SoftBank Vision Fund
Industry: Delivery Service, E-Commerce, Food Delivery, Mobile Apps
Founders: Rafael Ilishayev, Yakir Gola
Founding year: 2013
Location: Philadelphia
Total equity funding raised: $2.4B


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UK insolvency law causes heavy losses for government guaranteed loans https://uncharted3blog.com/uk-insolvency-law-causes-heavy-losses-for-government-guaranteed-loans/ https://uncharted3blog.com/uk-insolvency-law-causes-heavy-losses-for-government-guaranteed-loans/#respond Thu, 08 Apr 2021 02:38:38 +0000 https://uncharted3blog.com/uk-insolvency-law-causes-heavy-losses-for-government-guaranteed-loans/ LONDON (LPC) – UK government could face heavy losses on loans to struggling businesses during the Covid-19 pandemic due to its new insolvency law which may force lenders to agree to terms unfavorable during a debt restructuring process. FILE PHOTO: People watch the Canary Wharf area as they walk through Greenwich Park in London, Britain […]]]>

LONDON (LPC) – UK government could face heavy losses on loans to struggling businesses during the Covid-19 pandemic due to its new insolvency law which may force lenders to agree to terms unfavorable during a debt restructuring process.

FILE PHOTO: People watch the Canary Wharf area as they walk through Greenwich Park in London, Britain March 22, 2020. REUTERS / Simon Dawson

The new “restructuring plan,” which is part of the government’s insolvency and corporate governance bill debated in parliament this week, allows a class of creditors to force a debt restructuring plan on a company. another class of creditors, in what is called an interclass tightening.

It therefore gives a majority of creditors the power to impose debt restructuring on a single class of creditors who do not agree with it.

This could force the government to accept debt cancellations on Coronavirus Business Interruption Loans (CBIL) and Large Business Business Interruption Loans (CLBIL), which are 80% government guaranteed.

“We expect to see restructurings in the second half of the year that include these (government guaranteed) bank loans,” said a restructuring lawyer. “Under the new laws, you can now reduce only one class – it would be ironic if that class would fit these loans. “

The new law requires that 75% of lenders, based on value across all categories, approve a debt restructuring. This is a much weaker hurdle to overcome than the current UK scheme of arrangement system, which requires 75% by value and 50% of creditors in each category to approve the scheme before it goes to court. courts. The new law has the capacity to suppress a dissident class unlike the old system.

SENSITIVE

Some £ 8.9bn from CBIL was approved at the end of May, providing small and medium-sized businesses with loans of up to £ 5m each. The vast majority of loans are unsecured and lie lower in the capital structure, making them vulnerable to the will of senior lenders.

“There is no exception in the invoice for CBIL loans, and so yes, they could be written off as part of a restructuring. The bank that granted the CBIL loan could count on the government for a shortfall of up to 80% of the loan, ”said a second lawyer.

The loans could be written off altogether or they could end up as part of a debt-for-equity plan, with the government retaining stakes in the companies.

“I think a lot of CBIL will be converted into shares – the government could become the UK’s largest minority shareholder,” said a second lawyer.

SLOW SET

The CLBILs, which offer loans to large companies of up to £ 200million, will be primarily guaranteed. As they will rank on a par with existing senior secured lenders, debt is less likely to be piled up.

However, the situation is complicated by the fact that existing senior lenders have to accept a dilution of their security when a company takes a CLBIL. Restructuring advisers believe this is why the use of these loans has been so low, with only 154 deals to date.

It could also create a more complicated restructuring process where senior secured lenders clash with each other.

“Normally secured lenders would form one class in a restructuring, but there is a possibility of gerrymandering where some secured lenders form a different class and try to replace another,” said a third restructuring lawyer.

Under the new bill there are safeguards against this, as a court must be satisfied that none of the dissenting classes would be worse off under the plan than they would be in the case of an alternative process such as liquidation.

However, the final approval of the plan rests with the judge.

“It’s a bit blunt instrument like that. It will depend on the competence of a judge to understand what is fair and what are the motivations of the different categories of creditors, ”said a fourth restructuring lawyer.

Editing by Claire Ruckin and Christopher Mangham

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Government funds and the corporate bond market may not finance infrastructure projects https://uncharted3blog.com/government-funds-and-the-corporate-bond-market-may-not-finance-infrastructure-projects/ https://uncharted3blog.com/government-funds-and-the-corporate-bond-market-may-not-finance-infrastructure-projects/#respond Thu, 08 Apr 2021 02:38:26 +0000 https://uncharted3blog.com/government-funds-and-the-corporate-bond-market-may-not-finance-infrastructure-projects/ The more than 7,000 infrastructure projects in the National Infrastructure Pipeline cannot be financed by government funds alone, nor is the corporate bond market mature enough to provide adequate financing for so many. long-term projects, said Finance Minister Nirmala Sitharaman in Lok Sabha. , earlier this week. Recently, both houses of the Indian parliament passed […]]]>

The more than 7,000 infrastructure projects in the National Infrastructure Pipeline cannot be financed by government funds alone, nor is the corporate bond market mature enough to provide adequate financing for so many. long-term projects, said Finance Minister Nirmala Sitharaman in Lok Sabha. , earlier this week.

Recently, both houses of the Indian parliament passed the National Bank for Infrastructure and Development Finance Act (NaBFID) which will establish a Development Finance Institution (DFI) that will ensure a constant flow of funds for development projects. infrastructure in India at a lower rate.

The new institution will support the development of long-term, non-recourse infrastructure finance in India, including the development of the bond and derivative markets necessary for infrastructure finance and the exercise of infrastructure finance business.

“The national infrastructure pipeline that was announced in December 2019 has more than 6,500 projects and all are operating at an estimated cost of ??111 lakh crore. This is the kind of money required for infra financing of India and public funding from taxpayer money cannot fund this kind of requirement. If we only depend on taxpayers’ money and public funds, it could take 100 years, ”Sitharaman said.

The government had allocated ??20,000 crore in the FY22 budget to capitalize the institution and expect it to create a loan portfolio of at least ??5,000 billion in about three years. As part of the National Infrastructure Pipeline, the Union government plans to invest ??111 trillion from 7,671 infrastructure projects over the next four years to 2024.

The government led by Narendra Modi, in the finance budget, decided to increase spending on infrastructure projects in fiscal year 22. Central government capital spending is expected to affect ??$ 5.54 trillion for the next fiscal year, when it is expected to close at ??4,400 billion in the current one, according to the budget announcements.

“In India, the corporate bond market is not mature, it is not deep enough. So we are not in a position to say that the bond market can support our financing needs for long term projects, ”she added. “So through setting up this organization, we believe that the PIN and the type of funding required for it, this DFI will reach around 8-10% of what is expected. This institution is quite unique because it meets development and financial objectives. “

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Police identity man who they say shot his ex-wife https://uncharted3blog.com/police-identity-man-who-they-say-shot-his-ex-wife/ https://uncharted3blog.com/police-identity-man-who-they-say-shot-his-ex-wife/#respond Thu, 08 Apr 2021 02:38:16 +0000 https://uncharted3blog.com/police-identity-man-who-they-say-shot-his-ex-wife/ Police have identified the man who they say killed his ex-wife and committed suicide on Saturday in Carlstadt after a standoff of several hours with police. James Cox, 43, shot dead his ex-wife, Massiel Deoleo, 34, of Mahwah, on Friday night before turning the gun on him the next day when police intervened at his […]]]>

Police have identified the man who they say killed his ex-wife and committed suicide on Saturday in Carlstadt after a standoff of several hours with police.

James Cox, 43, shot dead his ex-wife, Massiel Deoleo, 34, of Mahwah, on Friday night before turning the gun on him the next day when police intervened at his home at 601 Sixth St. in Carlstadt, prosecutors said. Bergen County, Mark Musella. in a press release Sunday afternoon.

Authorities have described an ordeal that began when relatives of Deoleo reported his disappearance on Saturday morning.

At 11:48 a.m. on Saturday, a relative called Carlstadt police to report his disappearance and expressed concern for his well-being. The relative told police she was last seen with Cox. At 11:55 am, another relative called Mahwah police to intervene at her home, where the police found “a lot of things” of hers scattered outside.

At around noon, Carlstadt police responded to the Sixth Street residence, where they found Cox with a gun, police said. Officers emerged from the residence and contacted the Bergen County regional SWAT team, resulting in a stalemate for hours that forced residents in the area to take shelter in place.

Members of the SWAT team entered the house around 8 p.m. and found Cox dead from a single gunshot wound, police said. They also found Deoleo inside the residence, and police later determined that she had been shot dead the night before.

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Cox had a history of violence with his romantic partners.

In July 2000, at the age of 23, he was charged with kidnapping and sexual assault of his ex-girlfriend.

Prosecutors said at the time that Cox kidnapped the 20-year-old woman from Parsippany around 10:30 p.m. and then took her for a long drive in his Chevy Blazer for “a few hours.” He asked why she broke their relationship, holding her at knife threat the entire time, prosecutors said.

He eventually took her behind a warehouse in Carlstadt, where police said they sexually assaulted her. After the attack, they got back into the Blazer and started driving again. Prosecutors said the victim was able to jump from the moving vehicle and escape near his home.

Cox, who was a security guard at the time, was charged with aggravated first degree assault, second degree aggravated assault, first degree kidnapping, third degree criminal restraint and possession of third degree weapon, The Record reported. time.

He then pleaded guilty to aggravated first degree sexual assault.

Melanie Anzidei is a reporter for NorthJersey.com. To get unlimited access to the latest news, please subscribe or activate your digital account today.

Email: anzidei@northjersey.com

Twitter: @melanieanzidei

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Develop the next generation of leaders in your business https://uncharted3blog.com/develop-the-next-generation-of-leaders-in-your-business/ https://uncharted3blog.com/develop-the-next-generation-of-leaders-in-your-business/#respond Thu, 08 Apr 2021 02:38:04 +0000 https://uncharted3blog.com/develop-the-next-generation-of-leaders-in-your-business/ By Sarah Cain If there’s one thing we often hear about as business coaches in this industry, it’s how difficult it is for successful companies to find next-generation leaders on their team: “She is an excellent advisor and I would like her to be my succession plan, she is just not qualified enough in management […]]]>

By Sarah Cain

If there’s one thing we often hear about as business coaches in this industry, it’s how difficult it is for successful companies to find next-generation leaders on their team: “She is an excellent advisor and I would like her to be my succession plan, she is just not qualified enough in management and business development. “He’s a great COO, but he just doesn’t have a broad enough vision to be COO. “She’s a fantastic accountant, but I need a CFO who can look ahead and help us make decisions based on return on investment.”

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America must not allow China to go viral in Africa https://uncharted3blog.com/america-must-not-allow-china-to-go-viral-in-africa/ https://uncharted3blog.com/america-must-not-allow-china-to-go-viral-in-africa/#respond Thu, 08 Apr 2021 02:37:23 +0000 https://uncharted3blog.com/america-must-not-allow-china-to-go-viral-in-africa/ AFRICA is rising and upsetting the balance of power in the world. The continent’s fifty-four countries are growing in wealth and population faster than ever, sparking a race among the world’s superpowers to invest, build goodwill and, in some cases, acquire strategic assets. In this area, the People’s Republic of China (PRC) is making unprecedented […]]]>

AFRICA is rising and upsetting the balance of power in the world. The continent’s fifty-four countries are growing in wealth and population faster than ever, sparking a race among the world’s superpowers to invest, build goodwill and, in some cases, acquire strategic assets.

In this area, the People’s Republic of China (PRC) is making unprecedented and unorthodox forays into the continent. Since 2003, the country has increased its investments in Africa thirty-fold and has started distributing nearly eight times as much annual development funding. In the PRC’s pursuit of its Belt and Road (BRI) initiative – an estimated $ 6 trillion global infrastructure project involving seventy countries that account for 30% of the world’s gross domestic product (GDP) – to new partnerships are being established which pave the way for long term influence on the continent.

Although there is considerable demand for infrastructure investment in Africa, the PRC’s investment practices are not exactly altruistic. In order to receive BRI loans, governments must offer collateral in the form of strategic assets such as oil, airports or land rights. National governments are then free to disburse BIS funds with little or no control. If funds are wasted, countries find themselves in what is called a “carefully set debt trap”. In May 2019, for his part, US Secretary of State Mike Pompeo went so far as to openly characterize the BIS as “corrupt infrastructure deals in exchange for political influence.”

These developments highlight the extraordinary level of investment and the pace of change in Africa today, and the urgency with which the United States must reconsider its own security, financial and diplomatic investments in Africa. The combined efforts of global actors to engage in Africa, both through aid and trade, will influence the political, strategic and economic landscape beyond the confines of the African continent.

Since the United States does not intend to match the level of foreign direct investment offered by the PRC, new diplomatic and economic strategies are imperative. Thus, in addition to replacing the Overseas Private Investment Corporation (OPIC) with a stronger International Development Finance Corporation (DFC), the United States should respond to the growing influence of the PRC in Africa by strengthening a comparative advantage. that will clearly promote well-being, prosperity and goodwill: strategic health diplomacy.

ACCORDING to the PRC, BRI loans are intended to “support Africa’s capacity building for internal development” in sectors such as infrastructure, trade and public health. The results of BRI loans, such as high-speed trains and ports, are highly publicized and viewed as “positive” by nearly three-quarters of African beneficiaries. In turn, the PRC derives greater financial, diplomatic and military advantages in a rapidly developing continent.

BRI investments are widely attractive to African governments; funds are distributed without oversight or external accountability other than loan repayment, leaving governments to determine exactly where and how they are spent. This model contrasts sharply with traditional models of development assistance, such as those funded by the United States, which generally prioritize transparency and require detailed project documentation, social and environmental safeguards, monitoring of procurement and implementation, as well as monitoring and evaluation. Many executives have taken advantage of this freedom by directing Chinese funds to priority health initiatives and potential business opportunities. Others have used the funds unprofitable by increasing their debt burden rather than their economic growth. And some may have even used funds to facilitate state-sponsored violence and support international terrorist groups.

The PRC has a lot to gain from its engagements in Africa. Financially, it is positioned to capitalize on rapidly emerging markets. Investments in health and education are expected to increase the size of sub-Saharan economies by 90% by 2050, and the continent will welcome more than 1.52 billion consumers over the next ten years. The favor of the PRC in public opinion also strengthens its diplomatic relations with the major African countries and its influence over their main economic sectors. Finally, given the continent’s proximity to Europe and the Middle East, the BRI allows for strategic military investments that can affect U.S. trade relations and counterterrorism efforts.

Many African countries have prospered thanks to BIS investments, but others are at risk of falling into the “debt trap”. For example, international attention has been drawn to the possibility that Kenya, with debt to the PRC equivalent to 60% of its GDP, will have to cede its largest port if it defaults on its loan for a railway project. ambitious. Although Kenyan President Uhuru Kenyatta vehemently denied these “rumors,” twenty state agencies were suddenly pulled from the port in June 2019, and a Sino-Kenyan contract leaked in early 2019 demands that no deal be reached. public “without the prior written permission of the lender.” Adding insult to injury, the contract also states that the country has no immunity under its terms, even “for reasons of sovereignty.”

Other countries are rapidly accumulating BIS debt which could create similar difficulties. In 2015, these investments represented a third of the new debt contracted by African governments. In Ethiopia alone, the PRC’s investments have constituted 30% of the country’s new public external debt and 90% of its new bilateral debt since 2015. Egypt and Djibouti, the latter of which is home to the country’s first military base. PRC abroad, also face high risk of indebtedness. distress due to BRI funding. If these countries default on their huge loans and their collateral assets are foreclosed, those assets will be owned or controlled by the Chinese until governments honor their financial obligations.

Therefore, the question arises: who actually benefits from the PRC’s investments in Africa? Indeed, even beyond Chinese influence, how could these investments and governance practices affect American interests?

The PRC’s multifaceted investments in Africa pose various threats. The direct and indirect consequences of uncontrolled loans, emerging military infrastructure and increased political instability are likely to jeopardize the security and prosperity of the United States and its allies, and in some cases they have already done so. .

The most tangible threats to US interests can be found in Djibouti, a small country in the Horn of Africa which owes half of its public debt to the PRC and is essential to various US military and intelligence operations. It is home to Camp Lemonnier, the largest and only permanent US military base in Africa and, since 2017, the PRC’s first overseas military base. Located just six miles from Lemonnier, the outpost is not only designed to accommodate thousands of people and is believed to monitor US troops, but also reportedly used laser weapons to temporarily blind nearby US pilots in 2018.

US officials were reportedly “blinded” by Djibouti’s agreement to lease the land to the PRC. Unlike two years earlier, when Russia was refused permission to build a base in Djibouti because the United States had been informed and strongly protested against the idea, the African country only gave United States no warning of its arrangement with the Chinese and therefore no possibility of intervening. It is therefore reasonable to assume that the PRC used the leverage provided by its billion dollar investment in Djibouti infrastructure to prevent such intercession and secure the lease.

Another major concern of the US military is Chinese influence over the Doraleh (dct) container terminal in Djibouti, considered “the main point of access to US, French, Italian and Japanese bases”. When President Ismail Omar Guelleh was unable to repay his country’s BRI loans in 2017, he allegedly illegally transferred ownership of the dct to the PRC as partial repayment. This makes it easier for China to strengthen and expand its new base and, if it wishes, influence the entry of ships belonging to the United States or its allies.

More generally, the BRI’s investments in Africa are correlated with increasing civil and state-sponsored violence, and, potentially, therefore, international terrorism. A 2015 report from the University of Sussex found that “political violence by [a] the state increases with the receipt of Chinese aid, compared to “traditional” aid flows such as those financed by the United States. He notes that African states that receive the greatest “fungible aid” – the defining characteristic of BIS loans – are the most likely to witness conflict.

Conflicts in African countries not only devastate their own populations, but are also likely to harm others through spikes in internationally sponsored terrorism. Internal instability fueled by guerrilla warfare or civil war is a magnet for such international terrorism. Several terrorist groups based in Africa have started to cooperate with their international counterparts such as ISIS and Al Qaeda, and some have already been linked to the 137 terrorist attacks in Burkina Faso only in 2018. This is a higher number than that. of all its national terrorists. events between 2009 and 2015. In December 2018, the Trump administration announced that “countering the threat of radical Islamic terrorism and violent conflict” would be one of the administration’s top three priorities for strengthening its relations with the Africa, a public recognition of the pressing threats to national security posed by the increasing violence on the continent.

THANKS TO INVESTMENTS on the continent, China is successfully filling the void created by the American diplomatic disengagement. According to Reuben Brigety, former United States Ambassador to the African Union, “there is a general feeling among African political elites” that the United States’ inconsistent relationship with them implies that it “gives up its position as a privileged partner. to other countries and organizations, especially China and the EU.

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Community Land Trust Helps Young Single Mother Build Her Own Home https://uncharted3blog.com/community-land-trust-helps-young-single-mother-build-her-own-home/ https://uncharted3blog.com/community-land-trust-helps-young-single-mother-build-her-own-home/#respond Thu, 08 Apr 2021 02:37:02 +0000 https://uncharted3blog.com/community-land-trust-helps-young-single-mother-build-her-own-home/ Chandra Watson stands in front of the foundation for her future three-bedroom home in January 2021. She and her three children have a tentative move-in date of July or August. Until then, they will live in his mother’s house, where Watson grew up. (Photo by Erin McKinstry / KCAW) Chandra Watson has lived with her […]]]>
Chandra Watson stands in front of the foundation for her future three-bedroom home in January 2021. She and her three children have a tentative move-in date of July or August. Until then, they will live in his mother’s house, where Watson grew up. (Photo by Erin McKinstry / KCAW)

Chandra Watson has lived with her mother all of her life.

The 34-year-old single mother works full-time at a local bank and normally waits for tables next door, but that job has dried up during the pandemic. She can’t afford to rent accommodation at the moment, so she and her three children share a corner of her mother’s single-story house: Watson and the baby in one room, and her children ages 6 and 11. years in the other. She said it has been particularly difficult during the pandemic.

“It’s been a lot of time together that we’re not used to,” she said. “And there’s nowhere to quarantine. We all have to share a space.

Chandra Watson, her 1 year old daughter and 6 year old son are playing in the living room of his mother’s house where they currently live. (Photo by Erin McKinstry / KCAW)

In 2020, the fair market rent for a three bedroom was over $ 1,800, and a 2020 rental market survey placed Sitka’s average total rent higher than any other area in the state. With rental rates this high, save at to buy a house may seem like an impossible dream for many young Sitkans. When good condition starter houses go on sale, the price is often out of reach for many young professionals.

“It seems like it’s almost impossible,” Watson said. “I could never afford a $ 450,000 house that needed repairs. “

But thanks to a new affordable housing development, Watson and her children will be moving into their own home later this summer. And at $ 265,000, the price is $ 100,000 less than Sitka’s average listing price. She will pay between $ 1,300 and $ 1,400 per month for housing.

“As a young single mom, I did all of this on my own,” Watson said. “I think there was no other way in this city that I could have pursued this without this program.”

The first house in the cottage district of the S’us’ Heeni Sháak community was completed last summer, and two more are under construction. The long term goal is to build a closely spaced community of approximately 14 affordable single family homes.

The S’us ‘Heeni Sháak community cottage district in March 2021. S’us’ Heeni Sháak translates to “Harlequin Duck Creek Area,” according to Chuck Miller, bearer of the Sitka tribe culture of Alaska. This refers to a nearby stream, also known as Cascade Creek. (Photo by Erin McKinstry / KCAW)

A big part of what makes homes so affordable is that homeowners don’t buy the land below. This is owned by the Sitka Community Land Trust, the organization behind the housing development. A vacant lot can easily cost Sitka $ 100,000, said the organization’s co-CEO Randy Hughey.

“There isn’t a lot of land, is there? We are stuck between Tongass and the Pacific, ”he said. “It’s common in Sitka to buy land and have someone build a house, and the amount you spent on the land and the house exceeds the value of the house you create. That you are in a negative position when you are done building it.

Hughey said the lack of affordable housing has been a problem in Sitka since he moved here 30 years ago, and probably long before that.

“Every year, housing is a crisis. It’s a huge problem – availability, quality of stock, affordability. There are not enough buildings, ”said Hughey. “They cost too much and there are too many buildings that people shouldn’t be living in. “

The model

The chalet project has been under construction for years. In 2015, the city sold the land to the Sitka Community Development Corporation, the forerunner of the Sitka Community Land Trust. The land, along with two adjacent lots that the organization still hopes to acquire, was designated for affordable housing in a 2006 referendum. They also received money from the Rasmuson Foundation, SEARHC and other donors.

The Sitka Community Development Corporation began reviewing the community land trust model in 2013. The idea is that instead of selling the land to an owner, it is placed in a trust. The owners sign 99-year renewable leases for the land and pay a small monthly fee. They also choose from a handful of designs for simple and small structures, which helps keep construction costs down. And the community land trust serves as a resource for the potential owner throughout the application and construction process.

“This in and of itself is not what will solve the problem of affordable housing in Sitka, but it is part of the problem,” said Hughey.

Randy Hughey, Co-Executive Director of the Sitka Community Land Trust, stands inside one of the houses being built for a young couple from Sitka. The house in the background will be Chandra Watson’s future home. (Photo provided by Randy Hughey)

There are about 300 community land trusts nationwide, but Sitka’s is one of three in Alaska. The other two are in Juneau and Anchorage.

The model has been around for 50 years, but it has grown in popularity over the past decade, said Michael Brown of Burlington Associates, a community land trust consultancy.

“There is a recognition of the ability of the community land trust to ensure that housing remains affordable at all times, not just affordable to the initial occupant,” said Brown. “[That’s]… One reason there has been growth.

Affordability sticks with the house over time. If an owner decides to sell, the community land trust controls the resale and sets limits on the new purchase price. This can be a drawback for the homeowner, as they likely won’t get as much for the house as they do on the open market. But they will get all the money they put in it and more.

For the Sitka model, this represents 25% of any increase in appraised value. For example, if the owner buys one of the cottages for $ 200,000, and when he wants to sell it, it is valued at $ 300,000, he gets the money that he put into it plus $ 25,000. The Sitka Community Land Trust then sells the house to a new buyer for $ 225,000, which is less than its appraised value.

“I want to be very clear that community land trusts do not challenge individual property rights. What we’re really trying to do is help provide access to people who are excluded because of market conditions and household incomes. These are issues beyond their control, ”said Brown.

Brown helped Sitka set up their community land trust, which was officially founded in 2016. He said each community’s model is unique.

“There is a C in the CLT. It’s about community organizations… It’s not just about providing affordable housing. It’s about being good stewards of the land. It’s about creating affordable housing, but it’s also about making sure that services and resources are available to the people who live in the housing, ”said Brown. “It’s not about managing their lives, but about making sure that we are doing everything we can to help increase the likelihood that people will be successful over time, helping them make successful transitions when it is. the good moment.”

Looking forward

The price of the cottages is not accessible to all. In general, people have to do at least 80 percent of the region’s median income to pay the payments. It’s about $ 60,000 for a couple. And even then, many don’t have enough savings for a down payment, especially since the cost of living in Sitka is so high, said Co-Executive Director Mim McConnell.

Mim McConnell takes a selfie during an open house for the first Sitka Community Land Trust chalet. McConnell, the former mayor of Sitka, first became involved in affordable housing issues as a member of the Sitka Long Range Planning and Economic Development Commission. (Photo provided by Mim McConnell)

“We’re trying to get home prices down enough that people can afford a mortgage. And we find it difficult. We would like home prices to be lower than they are, ”McConnell said.

She said opening up additional financing options, like rural development or VA loans, could help. For now, their target audience is young professionals looking for a starting home, which McConnell says is not uncommon for a community land trust.

“And our community needs these people,” McConnell said. “I mean, the police, the fire department, the nurses, the teachers – they’re all very important parts of our community and if they can’t afford to live here, we’re in trouble.

It’s not just the cottages that the Sitka CLT works on. They also thought about developing individual houses as the land becomes available or is donated to the organization. And they thought about working in other communities in the Southeast, like Tenakee Springs.

The Sitka Community Land Trust faces some hurdles. They have yet to acquire two more plots in the city, which a 2006 referendum designated for affordable housing. And they had to temporarily halt construction of all the additional houses because the pandemic has skyrocketed the cost of materials, making house prices both unpredictable and unaffordable.

And even for pre-pandemic homebuyers like Watson, the price is still high: she will spend about half of her income on housing costs. But she said, it’s worth having your own house. His son Cameron, 6, said he couldn’t wait to paint his own bedroom.

“My mind is like running around with all of these different things that I can do with the house to design it, how to decorate it, how many new memories, experiences and traditions that the kids and I can put here,” Watson said. “I am so excited to have this new beginning with them.”

After having her third child last year, she thought about moving to a more affordable place. But now, she said, she’s staying for good. This is where her family and support networks are located.

It’s my house.

Chandra Watson and her 1 year old daughter. “This is where we take care of ourselves and where we can still make a lot of great memories,” Watson said. “It’s expensive, but everything else wins out.” (Photo by Erin McKinstry / KCAW)

Throughout April and May, Raven News will bring you articles on affordable housing solutions every Friday as part of our “Building Solutions” series. Erin McKinstry is a member of the Report for America Corps.

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Beverly Grove man accused of lying to get $ 9 million in COVID-19 relief loans, exploding money in Vegas https://uncharted3blog.com/beverly-grove-man-accused-of-lying-to-get-9-million-in-covid-19-relief-loans-exploding-money-in-vegas/ https://uncharted3blog.com/beverly-grove-man-accused-of-lying-to-get-9-million-in-covid-19-relief-loans-exploding-money-in-vegas/#respond Thu, 08 Apr 2021 02:36:28 +0000 https://uncharted3blog.com/beverly-grove-man-accused-of-lying-to-get-9-million-in-covid-19-relief-loans-exploding-money-in-vegas/ This is an archived article and the information in the article may be out of date. Please look at the history’s timestamp to see when it was last updated. A Beverly Grove man was arrested Thursday morning to face federal charges alleging he used fraud to secure some $ 9 million in loans to help […]]]>

This is an archived article and the information in the article may be out of date. Please look at the history’s timestamp to see when it was last updated.

A Beverly Grove man was arrested Thursday morning to face federal charges alleging he used fraud to secure some $ 9 million in loans to help small businesses survive during the pandemic, then squandered part money in Las Vegas, officials said.

The amount of relief money Andrew Marnell, 40, is accused of fraudulently obtaining may increase as the investigation continues, as authorities have already discovered the scheme was deeper than they didn’t initially think so, the US attorney’s office in Los Angeles said in a press release. .

Marnell faces one count of bank fraud, prosecutors said.

Officials say he applied for loans from various banks on behalf of several companies after the $ 659 billion paycheck protection program launched in April. The taxpayer-supported initiative is part of the CARES law relief program and aims to fund job retention in small businesses.

The applications Marnell submitted reportedly included numerous false and misleading statements about the operations and expenses of the companies he applied for. The defendant also used false names and documents to substantiate his claims, authorities said.

When he got the funding, Marnell reportedly transferred millions to his stock trading accounts and made risky bets in the market. He also blew hundreds of thousands of dollars in Las Vegas, including the Bellagio, as late as last week, prosecutors said.

Marnell could face up to 30 years in prison if found guilty of the charges against him.

The accused first appeared in a downtown Los Angeles federal courtroom Thursday afternoon and was held without bail pending a hearing on Tuesday, officials said.

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What can you do with a degree in criminology? | Best graduate schools https://uncharted3blog.com/what-can-you-do-with-a-degree-in-criminology-best-graduate-schools/ https://uncharted3blog.com/what-can-you-do-with-a-degree-in-criminology-best-graduate-schools/#respond Wed, 07 Apr 2021 23:17:43 +0000 https://uncharted3blog.com/what-can-you-do-with-a-degree-in-criminology-best-graduate-schools/ Many law-abiding people who have no desire to commit crimes themselves are nonetheless fascinated by the psychology and behavior of criminals. Someone who is obsessed with detective fiction or true crime stories may want to consider a degree in criminology. What is criminology and why might someone study it Criminology is a social science that […]]]>

Many law-abiding people who have no desire to commit crimes themselves are nonetheless fascinated by the psychology and behavior of criminals. Someone who is obsessed with detective fiction or true crime stories may want to consider a degree in criminology.

What is criminology and why might someone study it

Criminology is a social science that focuses on understanding where, how, and why crime occurs, and what policies will deter potential criminals from harming others. It is the study of the causes and effects of crime, how to prevent it, who does it, why people engage in criminal activity and what makes someone vulnerable to becoming a victim of crime.

Criminological research often explores questions surrounding what should be done after a crime has been committed, so criminology researchers often debate the most appropriate types of criminal penalties. Criminologists discuss how victims of crime and their families should be treated, how the wounds of victimized people can be properly addressed and remedied by criminal laws, and the right balance between justice and mercy.

Criminology sometimes involves a discussion of how to reorient those who may be tempted to commit a crime, and it includes research into the rehabilitation strategies that work best with inmates and those on parole.

For some who pursue a degree in criminology, interest in the field is driven by curiosity about the criminal justice system and a desire to improve it. Prospective criminology students may also want to learn more about the mindset of criminals so that they can use insight to deal with crime empathically and appropriately.

Austin Handle, a former police officer with a bachelor’s degree in criminology, says the lessons he learned from his degree helped him convey compassion in conversations with members of the Georgian community where he served as law enforcement officer in a way that shows the system may be black and white, but we care about their history. “

Handle – whom the Whistleblower News Network identified as “whistleblower of the week” in early September because of his public comments on a scandal at his former police department – says a degree in criminology offers a bird’s-eye view of the criminal justice system. criminal justice, which can inform policy choices.

“It helps us identify the issues in the system and how we can fix them in the future,” says Handle, the founder of Apollo AI, a Georgia-based technology company that provides tools that can be used by first responders. . It recently won a national award from the National Institute of Standards and Technology of the United States Department of Commerce.

Handle notes that the study of criminology sheds light on why police misconduct occurs and how to mitigate it. He says knowledge of criminology can clarify why and how dishonest police officers might violate their police department’s policies. Handle adds that the principles of criminology could also be used by business executives and business leaders who are trying to understand employee breaking rules.

Criminology vs Criminal Justice: What’s the Difference?

Experts say that although criminology degrees are somewhat similar to criminal justice degrees, there are some differences.

Handle explains that while criminal justice tends to focus on law, criminal procedure, and criminal statistics, criminology tends to focus more on “the study of the offender” and why criminals act the way they do. make.

He says questions about the appearance of reality are essential in criminology because the field clarifies the factors that most increase the likelihood of criminal activity.

Texas attorney Joseph Hoelscher, who specializes in criminal defense and child protection law, says criminology tends to be more theoretical while criminal justice is application-oriented.

“Criminology is more abstract, creating a greater depth of theoretical knowledge and can help graduates be more flexible to adapt to the jurisdiction in which they are hired,” wrote Hoelscher, who is on the board. from the Texas Criminal Defense Lawyers Association, in an email. “Applied knowledge doesn’t travel as well because each jurisdiction will have different ways of doing things. Really there is a lot of overlap, but criminology should be the place to start for anyone intending to move forward. towards higher degrees. “

There is a wide range of degrees in criminology, including associate, bachelor’s, master’s, and doctoral degrees. Doctorates in the field are designed for future researchers, and a master’s degree can accelerate a person’s path to management. While an associate’s degree may be sufficient for some jobs in the criminal justice field, many jobs in this industry require a bachelor’s degree.

Jobs related to criminology

Because it is helpful to understand how and why crime occurs in many contexts, a degree in criminology is useful in a variety of jobs, including:

  • Criminal defense lawyer.
  • Criminal investigator.
  • Criminal profiler.
  • Criminal prosecutor.
  • Criminologist.
  • Professor or researcher in criminology.
  • City administrator.
  • Correctional officer.
  • Detective.
  • Field investigator.
  • Fire inspector.
  • Forensic psychologist.
  • Investigative journalist.
  • Investigation analyst.
  • Internal affairs investigator.
  • Police officer.
  • Loss prevention specialist.
  • Responsible for an investigation unit.
  • Paralegal.
  • Parole Officer.
  • Policy analyst.
  • Private detective.
  • Social worker.

“One of the most overlooked areas of investment for criminology graduates is with insurance companies,” wrote Stacey Giulianti, general counsel and general secretary of Florida Peninsula Holdings, in an email.

“Each state requires insurance companies to maintain and employ special investigative units, better known as the SIU department,” added Giulianti, whose company has two insurance subsidiaries.

Giulianti explained in a telephone interview that with insurance fraud amounting to billions of dollars a year, there is a huge demand for criminology graduates in the insurance industry. He notes that no matter what a criminology graduate does, whether in the public or private sector, there is usually a public service component.

“They are providing their ideas to provide action plans to stop the crime,” he says.

Salaries and career prospects in the fields of criminology

Since criminology graduates have a wide range of career options, the route taken will affect earning potential.

According to the United States Bureau of Labor Statistics, the median annual salary of American police and detectives, for example, was $ 65,170 in May 2019. Employment in these jobs is expected to increase by 5% by 2029. , according to the office.

How to decide if a criminology degree is worth pursuing

Hoelscher says criminology degrees typically don’t lead to astronomical salaries, so people who pursue a degree in the field generally see it as a personal calling rather than a way to make big bucks.

“People rarely get rich working in criminal justice, so those that last have to do with the job itself,” he says. Criminology degree holders who become expert witnesses can be paid generously, but these jobs are very difficult to obtain, he adds.

Salaries vary depending on where a criminology graduate works, according to Hoelscher. “Income varies by jurisdiction because government wages set the private sector wage floor.”

Hoelscher notes that a desire to serve others is necessary to thrive in any position related to criminology or the criminal justice system.

“Don’t go into criminal justice unless you want to help the people you work with,” he says. “They can be frustrating, but they deserve to be treated with as much respect as anyone.”

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