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Freedoms Foundation's History Tours bring students to where the United States of America was born through the love. The Foundation is located adjacent to the Valley Forge National Historical Park. The Foundation is known for its awards. The Freedoms Foundation received $210,000 in grants. National Award Recipients were Distinguished Teacher/Educator Awards Dr. Lucien Ellington and Dr Wilfred McClay and Distinguished Chapter Member & Spirit of 76 Award Larry Henry - photo by Wes Schultz. FREEDOMS FOUNDATION AT VALLEY FORGE RECOGNIZES SEVEN MERITORIOUS WINNERS IN NATIONAL AWARDS PROGRAM. VALLEY FORGE, PA (PRWEB). Since its inception, the National Awards program has honored more than 55,000. Historical Park, FDR Presidential Library & Museum, Hyde Park, Saratoga National Historic Park, Adams National Historic Park, Boston National Historic Park, Minute Man National Historic Park, Harper. Freedoms Foundation at Valley Forge - Military Wiki. The Freedoms Foundation at Valley Forge is a national, non- profit, non- partisan, non- sectarian educational organization, founded in 1. The Foundation is located adjacent to the Valley Forge National Historical Park, near Valley Forge, Pennsylvania, U. S., and sits on ground that was once part of General George Washington's Valley Forge encampment during the American Revolutionary War. It was meant to be a corollary to the Bill of Rights. Freedoms Foundation: The National. Freedoms Foundation at. Past winners have included Helen Hayes, John Wayne, Gene Autry, and the Texas State Representative Clay Smothers. This medal is awarded in the following categories. Military Essay. The Medal of Honor Grove consists of fifty- two acres of woodland. Within the grove, each acre is dedicated to one of the fifty states, the District of Columbia, or the Commonwealth of Puerto Rico. This partnership has been renewed with the creation of the Price of Freedom conference. Participants have the opportunity to make history come to life as they tour colonial Philadelphia and Valley Forge NHP, the site of the 1. Boy Scout jamborees. The Civitan organization donated a 2. American credo monument in 1. Olin Foundation (Olin Industries) and Castle Rock Foundation (Coors). Freedoms Foundation of Valley Forge. On November 21, 1949 General Dwight D. Eisenhower presented 200 recipients with the first Freedoms Foundation National Awards. The ceremony took place in a barn on a colonial farm once occupied by Washington’s troops, which. In 1985, the Foundation developed a 'Bill of Responsibilities' as part of its worldwide educational efforts. It was meant to be a corollary to the Bill of Rights. The Foundation is known for its awards programs honoring. Leavy Awards Since 1977, the Freedoms Foundation and the Thomas and Dorothy Leavy Foundation have honored outstanding teachers for bringing passion and. The awards program recognizes educators at the. 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Rotary Scholarship for Water and Sanitation. The Rotary Scholarships for. Nigerian, 4 others graduate from Rotary, UNESCO- IHE sponsored water education programme Logbaby. News ». Technology/Innovation. Nigeria. April. 2. The first class of five Rotary sponsored scholars has graduated with Master of Science degrees in water education from the UNESCO- IHE Institute for Water Education. The graduates now will apply their education to water and sanitation projects in their home countries of Argentina, Uganda, Nigeria, Ethiopia and Ghana. Established in 2. Rotary and UNESCO- IHE — the world’s largest graduate water education facility — addresses the global water and sanitation crisis by increasing the ranks of trained professionals critically needed to devise, plan and implement solutions in countries where communities lack access to clean water and safe sanitation. UNESCO-IHE scholarship applications now available. The Rotary Foundation and UNESCO-IHE Institute for Water. Review the application toolkit and scholarship terms. UNESCO-IHE Rotary D1600. Monthly activity organized for Rotary UNESCO-IHE Students. Rotary Scholarship Program. Rotary/UNESCO-IHE Scholarships for Water and Sanitation Professionals 2014. The Rotary Scholarships for Water and Sanitation. MEDRC Scholarship Program. Rotary and UNESCO-IHE Institute for Water. WMO is partnering with UNESCO-IHE to jointly support two to. Rotary members mentor the students throughout the program, building positive relationships that continue after graduation.“We’re proud of the Rotary and UNESCO- IHE partnership and especially proud of our first class of Rotary water scholars, who will now use their expertise to develop sustainable water and sanitation solutions in their home countries,” said Rotary Foundation Trustee Stephen R. These relationships and networks will enable students to effectively implement their skills in their own local communities. Their work to improve water and sanitation conditions will have a positive, lasting impact around the world.”His sentiments are echoed by UNESCO- IHE Rector Andr. Graduate Kenechukwu “Kaycee” Okoli, of Nigeria, knows the value of public education, especially to empower children to become change agents. Applications for the scholarship program can be found here: The UNESCO- IHE graduates become part of a vast network of Rotary Foundation alumni, consisting of 1. Do Long- Term Shareholders Benefit From Corporate Acquisitions? This article has benefited from the comments of seminar participants at the University of Illinois, the University of Iowa, and the 1. Western Finance Association meeting. We thank Utpal Bhattacharya, James Cotter, Eugene Fama, Joetta Forsyth, Thomas George, Todd Houge, Sarah Peck, Raghavendra Rau, and Jay Ritter for useful comments, Ren. Yao- Min Chiang and Todd Houge provided valuable assistance with data collection. Shareholder value is a business term, sometimes phrased as shareholder value maximization or as the shareholder value model, which implies that the ultimate measure. Mergers and Acquisitions in India. Do the shareholders benefit from M&As? Cross-border Acquisitions, Corporate Governance and Bidders’ Gains. Has long precluded shareholders in such companies from directly intervening. Do Weak Shareholders Benefit Stakeholders? Synergies or overpayment in European corporate M&A. Synergies or overpayment in European. Do long-term shareholders benefit from corporate. International Journal of. What Good Are Shareholders? The path forward for corporate executives and shareholders appears blocked. Executives complain, with justification, that meddling and second- guessing from shareholders are making it ever harder for them to do their jobs effectively. Shareholders complain, with justification, of executives who pocket staggering paychecks while delivering mediocre results. Boards are stuck in the middle. The shift, although it had political and economic causes, was also enabled by the rise of a philosophy of shareholder dominance that grew out of academic research on the motivations and behavior of corporate managers. According to that philosophy, shareholders are the center of the corporate universe; managers and boards must orbit around them. Do long-term shareholders benefit. Corporate reality, though, has proved stubbornly uncooperative. In legal terms, shareholders don. In law and practice, they don. And although many top managers pledge fealty to shareholders, their actions and their pay packages often bespeak other loyalties. This gap between rhetoric and reality. If only corporations really did put shareholders first, the reasoning goes, capitalism would function much better. This argument has great appeal, but it is hard to square with the facts. Our current muddle, remember, comes after many years during which shareholders gained power yet were repeatedly frustrated with the results. Perhaps expecting them to govern and discipline corporations is doomed to disappointment. Or perhaps there are ways in which shareholders can be effective and helpful. What are their incentives? What are they good at? The body of research and discussion on these questions is growing. Money. The most straightforward job of the shareholder is to provide funds. In practice, however, it isn. Corporations do need capital to invest in growth, but they don. Net issuance of corporate equity in the U. S. That negative number would be much bigger if we left out financial institutions and their desperate fundraising in 2. Factor in dividend payments, and we find a multi- trillion- dollar transfer of cash from U. S. Established corporations tend to finance investments out of retained earnings or borrowed money. Many do need capital from equity investors. They are often the young, growing companies we all want to see more of. Without shareholders who are willing to take risks that a bank or a bondholder would not, these companies might remain stuck in low gear or never even get moving. The investors who provide this cash are usually granted clout commensurate with their contribution. Venture capitalists and angel investors get board seats and sometimes veto power over management decisions and appointments. Investors who step up in times of trouble are often favored over others and given a say in strategic decisions. Corporate governance disputes tend not to occur in such situations: Management effectively answers to the shareholders who provided much- needed capital. The funding role in a typical publicly traded corporation is filled less by shareholders than by the stock market as a whole. The market provides liquidity. Having shares that can easily be bought and sold, with prices that all can see, reassures lenders and business partners. It allows early investors and employees to sell company shares and exercise options. It gives investors who come forward when cash is sorely needed a way to realize gains on their investments later. It greases the wheels of capitalism. In one study, Eugene Fama and Kenneth French found that from 1. From 1. 97. 3 to 1. What drove the increase? More stock- financed mergers and more employee stock options and other stock- based compensation. All- stock mergers tend to destroy value. Many corporations have overused stock options as a means of paying employees. And more generally, market liquidity appears to have diminishing returns. To provide adequate liquidity, an asset market needs lots of fickle short- term speculators. A market composed solely of buy- and- hold investors wouldn. But a market composed mostly of short- termers presents its own problems. And short- termers have been taking over the stock market. In the 1. 95. 0s the average holding period for an equity traded on the New York Stock Exchange was about seven years. Similar trends can be seen in other markets around the world. In a more recent development, high- frequency traders whose holding periods can sometimes be measured in milliseconds now account for as much as 7. NYSE. This shift to the short term has three causes: First, regulators in many nations have pushed successfully for lower transaction costs. Second, advances in technology, in the form of financial engineering as well as computing and communications hardware and software, have enabled many new forms of trading. Third, the individual investors who once dominated stock markets have been pushed aside by professionals. Now institutions hold approximately 5. Add in institutional owners from overseas (foreign ownership of U. S. For the biggest corporations, the percentage is even higher. Increasing institutional ownership has combined with other forces to transform the equity market landscape. Brokerage commissions have been lowered for everyone, but lowered most for institutional investors. Institutions also have the resources to take advantage of cutting- edge financial, computing, and communications technologies. And although individuals can pursue long- term strategies that ignore fashion and day- to- day market fluctuations, institutions that are managing other people. Of course, some volatility is good. It gives people a reason to trade, thus keeping markets liquid. But past a certain point, volatility kills liquidity. Think of the financial crisis of 2. Or the Flash Crash of 2. Overall, as documented by the Bank of England. Haldane, stock market volatility in the U. S. But there are indications that certain companies. Initial public offerings have been on a downward trend for decades in the United States, interrupted only briefly by the internet stock mania of the late 1. The accounting firm Grant Thornton has argued in a series of research papers that more- frequent trading and superlow transaction costs are partly responsible, because brokers no longer make enough on commissions to justify research on young companies. Yet modern securities regulation has been developed within a paradigm in which there is no such thing as too much liquidity, too much trading, or too much volatility. Lowering transaction costs is seen as an unalloyed good. The tax code is different: In most countries short- term trading is subject to higher capital gains tax rates than long- term investing. But the impact of this tax preference is lessened by the fact that in the U. S., many of the biggest investors (pension funds, foundations, endowments) are exempt from income taxes. In the wake of the Flash Crash, the U. S. Securities and Exchange Commission is considering new circuit breakers and trading stops to be used in the event of sudden market volatility. That marks at least a modest change in direction, but it. Market frictions have their uses. There is such a thing as too much liquidity. One much- discussed policy proposal is a small tax on all financial transactions, variously called the Tobin tax and the Robin Hood tax. The issues with such a tax go well beyond the purview of this article, but the possibility that it would decrease liquidity should not be seen as a slam- dunk argument against it. Information. The stock market is one of the world. Since the 1. 96. 0s, finance scholars have been documenting its remarkable ability to sniff out and assess information about companies. Event studies show that market prices react to news with staggering quickness. Also, while public stock markets are often assailed for short- termism and impatience, there is ample statistical evidence that stock prices. And stock markets have never been anywhere close to infallible in their assessment of companies. If they were, rational investors and speculators would have no incentive to expend resources and intelligence trying to dig up information and outsmart the market. Financial markets need imperfection. So how well do stock market prices reflect underlying corporate fundamentals? Sometimes they get pure misinformation: In a study described in the January. Citrin found that companies whose stock prices dropped sharply upon the naming of a new CEO subsequently outperformed. Also, comparative stock price movements (how Coca- Cola performs relative to Pepsi, for example) are usually more informative than absolute price movements, for which macroeconomic factors and market psychology tend to rule the day. Financial markets, the late economist Paul Samuelson said, are microefficient and macroinefficient. When shareholders are widely dispersed, how can they keep managers in check? Only by selling shares or casting votes. This helps explain why executives complain about the short- term focus of the stock market even as finance scholars find evidence that markets still look deep into the future. Using the right statistical tools, you can separate useful, rational signals from the market. But if you look at what your company. Human nature dictates that we give more attention to simple recent signals than to complex long- run trends. They can also just talk to them. In many instances well- informed investors. But such behavior is not really encouraged in the current market environment. Regulation Fair Disclosure, adopted by the SEC in 2. The goal was to level the informational playing field for investors, which seems admirable enough. But some of the results have been troubling. 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Boston University College of Communication.A.), with a focus in Journalism or Media Criticism. We emphasize the practical (basic and advanced skills training) and the theoretical. Students take lecture and seminar classes that emphasize professional ethics, the cultural politics of the media, the social role of the journalist, and the importance of craft (expository, explanatory, and literary technique). Our strong liberal arts emphasis includes the requirement that every journalism student fulfill a double major with another discipline within the College of Arts and Science, or students from other NYU schools may elect journalism as a second major. Students can expect an immersion experience in New York City, and can avail themselves of numerous pre- professional and professional publishing opportunities, including the numerous webzines produced within the Institute. The Honors Program invites eligible juniors or seniors with the highest grade- point average to take special sections of Advanced Reporting and Senior Seminar courses, while completing a two- semester capstone project. Students can also opt to study around the world in our Journalism Abroad program. Both summer and fall/spring courses are offered. Activities and Awards. Throughout the year, the Institute plays host to innovators and icons of journalism in a series of guest lectures designed to acquaint its students with some of the leading reporters and editors in the field, as well as with issues dominating the news. There is not a magazine or newspaper published in the city whose editors and reporters have not visited us, whether in Institute- wide events or classroom appearances. In intimate talks, household names such as Gay Talese, Sebastian Junger, David Remnick, Garrison Keillor, Adrian Nicole Leblanc,Tavis Smiley and Greil Marcus have shared their wisdom with our students. Some of the most exciting names in journalism teach as Distinguished Writers in Residence, among them Pete Hamill, James Mc. Bride, Farai Chideya and Salman Rushdie. The Institute also honors top students with awards at its annual post- graduation ceremony. This well-rounded approach is what sets us apart from other top-rated communication programs and is. Boston University College of Communication. The journalism major at Arizona State University’s Walter Cronkite School of Journalism and Mass Communication, one of the best journalism schools in the country. Career Options. The Institute is committed to preparing its students for careers in newspapers, broadcasting, magazines, and media criticism. Even for students not pursuing careers in journalism, the Institute fosters the skills necessary to succeed in the professional world. The ability to read closely, research thoroughly, think critically, and write clearly and effectively are essential for any career. Institute resources include an Office of Career Services for guidance into the profession. Admission and Financial Aid. Admission to Journalism is not through the Institute directly, but through the University’s Office of Undergraduate Admissions. The University sponsors and administers a wide variety of financial aid programs. Awards are based on the student’s record of academic achievement and test scores as well as on financial need. More detailed information is available at NYU’s pages on Admissions, Financial Aid, and Housing. More Information. For more information on undergraduate study at NYU, please contact the Office of Undergraduate Admissions.
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