Monthly Archives: August 2020

Parents in the UK are assigning their children paid chores from the age of five to teach them the value of money, research suggests.

While most parents about 28% first put their kids to work around the house between the ages of eight and 10, a fifth put kids as young as five to work, washing dishes and hoovering to earn their keep, a survey of 2,000 byVoucherCodes found.

On top of this, over a third (36%) encourage their kids to start saving between the ages of five and 10, while one in 10 (11%) even do it before this.

Over half (52%) of parents say teaching their children to be financially responsible is something they consider important, and nearly two in five (38%) do so in the hope their children will eventually become self-sufficient with their cash.

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Despite this, parents dont believe their children will be financially independent until the age of 21, whether its because they will be paying for driving lessons (55%) or supporting them through university (47%).

One in five parents even said theyre happy to pay for holidays for their over-18-year olds, while two in three (43%) pay for their food shop and a quarter (26%) pay their rent, the survey found.

When it comes to financial independence, more than two thirds (68%) think the most significant sign is earning your own money, and more than half (52%) cited opening your own bank account something they think children should do at 10.

This suggests todays children are under high pressure to be financially savvy at a young age, VoucherCodes said.

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Dads have a slightly more relaxed approach to their childrens financial education, with just two in five (39%) thinking its important to discuss financial responsibility with their kids, compared to almost half (47%) of mums, the survey found.

Teaching children about money from an early age can be crucial to setting them up for a financially responsible life, and our research shows the majority of parents agree, said Anita Naik, lifestyle editor at VoucherCodes.

Whats interesting is that some families start this conversation from a very young age in some cases with kids as young as five.

Whether thats asking them to do the dishes or wash the car, its clear many children are learning the value of money early, which can have really positive impacts later in life when it comes to budgeting and managing their spending.

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Parents assign five-year-olds paid chores to teach them the 'value of money' - Yahoo Finance UK

JERSEY CITY, N.J., Aug. 27, 2020 /PRNewswire/ --Advisor Group, the nation's largest network of independent wealth management firms, and network member firm Royal Alliance Associates today announced that Financial Foundation Services, an East Brunswick, N.J.-based wealth management firm with approximately $120 million in total client assets, has joined Royal Alliance. Financial Foundation Services, founded by veteran financial professional Robert Rafano, has affiliated with Royal Alliance through one of its top independent producer groups, Affiliated Advisors, which is headed by Founder and President Rita Robbins, a pioneering leader in the Super-OSJ space and a well-known wealth management industry veteran.

In addition to Royal Alliance, Advisor Group also includes FSC Securities Corporation, KMS Financial Services, SagePoint Financial, Securities America, Securities Service Network, Triad Advisors and Woodbury Financial.

A Certified Financial Planner and Chartered Retirement Planning Counselor, Mr. Rafano has been providing financial services to clients in central New Jersey since 2002. He specializes in holistic financial planning, including management of savings and debt, wealth management, insurance and tax planning.

Mr. Rafano said, "I am very pleased to be part of the Royal Alliance and Affiliated Advisors team, and to have the support of Advisor Group, as well. The technology stack and service offerings that Advisor Group, Royal Alliance and Affiliated Advisors bring to the table are second to none in the industry, and will provide the robust support and infrastructure to give my clients the boutique, one-on-one service experience they expect from Financial Foundation Services. This move allows me the freedom to run my business as I choose, while providing top-flight support and infrastructure I need. With so much change occurring in the wealth management industry, it's truly reassuring to know that I have such strong partners to rely on in the decades to come."

Founded in 1994, Affiliated Advisors supports 85 financial professionals with total assets of more than $2.4 billion in 45 branch offices across eight states.

Ms. Robbins said, "It is with great pleasure and pride that I welcome Financial Foundation Services and Robert Rafano to Affiliated Advisors. From the beginning, our mission has been to help advisors build the businesses of their dreams while serving their clients with integrity, creativity and compassion. In our experience, a great practice's growth trajectory is limited only by the financial professional's aspirations. Robert has the drive and work ethic to continue to expand his business well into the future, and we will be there to empower him every step of the way."

Dmitry Goldin, President and CEO of Royal Alliance, said, "Robert Rafano is a tremendous addition to the team at Royal Alliance, Advisor Group and Affiliated Advisors. We look forward to supporting him as he continues to move ahead in building his business and providing exceptional service to his clients."

Jamie Price, President and CEO of Advisor Group, concluded, "On behalf of the entire Advisor Group network, I congratulate Royal Alliance and Affiliated Advisors for bringing aboard a financial professional with such a long, successful career as Robert Rafano. We are in the business of using our scale and resources to provide financial professionals with the value-added platforms, services and support they need to grow, and we are honored that Mr. Rafano is placing his trust in us to help him shape the future of his practice. As we move forward in collaboration, we will be in his corner as we are for all our financial professionals."

About Royal Alliance AssociatesRoyal Alliance Associates, Inc. is part of Advisor Group, the nation's largest network of independent wealth management firms, and a Registered Investment Advisor, member FINRA and SIPC. Royal Alliance has more than 3,600 affiliated independent financial advisors and is headquartered in Jersey City. It was founded in 1969 and employs a client driven approach focused on meeting the unique demands of businesses and individuals. For more information visit http://www.royalalliance.com.

About Advisor GroupAdvisor Group, Inc. is the nation's largest network of independent wealth management firms, serving approximately 11,100 financial professionals and overseeing over $450 billion in client assets. The firm is mission-driven to support the strategic role that advisors can play in the lives of their clients. Cultivating a spirit of entrepreneurship and independence, Advisor Group champions the enduring value of financial professionals and is committed to being in their corner every step of the way. For more information visit https://www.advisorgroup.com.

Securities and investment advisory services are offered through Advisor Group, Inc. subsidiaries, FSC Securities Corporation, KMS Financial Services, Inc., Royal Alliance Associates, Inc., SagePoint Financial, Inc., Triad Advisors, LLC, and Woodbury Financial Services, Inc., broker-dealers, registered investment advisers, and members of FINRA and SIPC. Securities services are offered through Investacorp, Inc., Securities America, Inc., and Securities Service Network, broker-dealers and members of FINRA and SIPC. Advisory services are offered through Arbor Point Advisors, LLC, Investacorp Advisory Services, Inc., Ladenburg Thalmann Asset Management, Inc., Securities America Advisors, Inc., SSN Advisory, Inc., and Triad Hybrid Solutions, LLC, registered investment advisers. Advisor Group, Inc. is a holding company. Advisor Group, Inc. is separately owned and other entities and / or marketing names, products or services referenced here are independent of Advisor Group, Inc. 20 E. Thomas Rd., Ste. 2000, Phoenix, AZ, 85012. 866.481.0379

Media InquiriesJoseph Kuo / Chris ClemensHaven Tower Group424 317 4851 or 424 317 4854[emailprotected]or [emailprotected]

SOURCE Advisor Group

https://www.advisorgroup.com

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Advisor Group And Royal Alliance Announce Recruitment Of Financial Foundation Services To Super-OSJ Affiliated Advisors - PRNewswire

Dr. Shigeaki Hinohara had an extraordinary life for many reasons. For starters, the Japanese physician and longevity expert lived until the age of 105.

When he died, in 2017, Hinohara was chairman emeritus of St. Luke's International University and honorary president of St. Luke's International Hospital, both in Tokyo.

Perhaps best known for his book, "Living Long, Living Good,"Hinohara offered advice that helped make Japan the world leader in longevity. Some were fairly intuitive points, while others were less obvious:

The average retirement age, at least in the U.S., has always hovered at around 65. And, in recent years, many have embraced the FIRE movement (Financial Independence, Retire Early).

ButHinohara viewed things differently. "There is no need to ever retire, but if one must, it should be a lot later than 65," he said in a 2009 interview with The Japan Times. "The current retirement age was set at 65 half a century ago, when the average life expectancy in Japan was 68 years and only 125 Japanese were over 100 years old."

Today, he explained, people are living a lot longer. The life expectancy for U.S. in 2020, for example, is78.93 years, a 0.08% increase from 2019. Therefore, we should be retiring much later in life, too.

Hinohara certainly practiced what he preached:Until a few months before his death, he continued to treat patients, kept an appointment book with space for five more years, and worked up to 18 hours a day.

Hinohara emphasized the importance of regular exercise. "I take two stairs at a time, to get my muscles moving," he said.

Additionally, Hinoharacarried his own packages and luggage, and gave 150 lectures a year, usually speaking for 60 to 90 minutes all done standing, he said, "to stay strong."

He also pointed out that people who live an extremely long life have a commonality: They aren't overweight. Indeed, obesity is widely considered one of the mostsignificant risk factorsfor increased morbidity and mortality.

Hinohara's diet was spartan: "For breakfast, I drink coffee, a glass of milk and some orange juice with a tablespoon of olive oil in it." (Studies have found that olive oil offers numerous health benefits, such as keeping your arteries clean and lowering heart disease risk.)

"Lunch ismilk and a few cookies, or nothing when I am too busy to eat," he continued. "I never get hungry because I focus on my work. Dinner is veggies, a bit of fish and rice, and, twice a week, 100 grams of lean meat."

According to Hinohara, not having a full schedule is a surefire way to age faster and die sooner. However, it's important to stay busy not just for the sakeof staying busy, but to be active in activities that help serve a purpose. (The logic is that one can be busy, yet still feel empty and idle on the inside.)

Hinohara found his purpose early on, after his mother's life was saved by the family's doctor.

Janit Kawaguchi, ajournalist who considered Hinohara a mentor,said, "He believed that life is all about contribution, so he had this incredible drive to help people, to wake up early in the morning and do something wonderful for other people. This is what was driving him and what kept him living."

"It's wonderful to live long," Hinohara said in the interview. "Until one is 60 years old, it is easy to work for one's family and to achieve one's goals. But in our later years, we should strive to contribute to society. Since the age of 65, I have worked as a volunteer. I still put in 18 hours seven days a week and love every minute of it."

While he clearly promoted exercise and nutrition as pathways to a longer and healthier life, Hinohara simultaneously maintained that we need not be obsessed with restricting our behaviors.

"We all remember how, as children, when we were having fun, we would forget to eat or sleep," he often said. "I believe we can keep that attitude as adults it is best not to tire the body with too many rules."

Richard Overton, one of America's oldest-surviving World War II veterans, would havemostlikely agreed.Right up until his death at age 112, the supercentenarian smoked cigars, drank whisky and ate fried food and ice cream on a daily basis.

Hinohara might not have approved of Overton's diet, but, to be fair, Overton did credit his longevity to maintaining a "stress-free life and keeping busy."

Hinohara cautioned against always taking the doctor's advice. When a test or surgery is recommended, he advised, "ask whether the doctor would suggest that his or her spouse or children go through such a procedure."

Hinohara insisted that science alone can't help people. It "lumps us all together, but illness is individual. Each person is unique, and diseases are connected to their hearts," he said. "To know the illness and help people, we need liberal and visual arts, not just medical ones."

In fact, Hinohara made sure that St. Luke's catered to the basic need of patients: "To have fun." The hospital provided music, animal therapy and art classes.

"Pain is mysterious, and having fun is the best way to forget it," he said. "If a child has a toothache, and you start playing a game together, he or she immediately forgets the pain."

According to The New York Times, toward the end of his life, Hinohara was unable to eat, but refused a feeding tube. He was discharged and died months later at home.

Instead of trying to fight death, Hinohara found peace in where he was through art. In fact, he credited his contentment and outlook toward life to a poem by Robert Browning, called"Abt Vogler" especially these lines:

There shall never be one lost good! What was, shall live as before;The evil is null, is nought, is silence implying sound;What was good shall be good, with, for evil, so much good more;On the earth the broken arcs; in the heaven a perfect round.

"My father used to read it to me," Hinohara recalled. "It encourages us to make big art, not small scribbles. It says to try to draw a circle so huge that there is no way we can finish it while we are alive. All we see is an arch; the rest is beyond our vision, but it is there in the distance."

Tom Popomaronisis a leadership researcher and vice president of innovation atMassive Alliance.His work has been featured in Forbes, Fast Company, Inc., and The Washington Post. In 2014, Tom was named one of the "40 Under 40" by the Baltimore Business Journal. Follow him on LinkedIn.

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Japanese doctor who lived to 105his spartan diet, views on retirement, and other rare longevity tips - CNBC

Robinhood, the investing app that pioneered free trading, saw record trades in June. But what's good news for the trading app is likely not good news for a user's long-term financial health, investing experts say.

Time and again, research has shown that the best way for the average person to accrue wealth is to invest for the long-term: Routinely contributing money to passive funds that track an index, like the S&P 500, shows historically better results than stock picking. Investing in a mutual fund or ETF spreads out risk; betting it all on a handful of stocks does not.

Of course, apps like Robinhood don't force users to trade, and they can be used responsibly. But critics say Robinhood gamifies investing, sending regularpush notifications to users about their individual stock positions. When a user makes their first trade, digital confetti "falls" in the app; it also includes a "watch list" of stocks for users to track.Those behavioral nudges can encourage investors to act with only their short-term interests in mind,Erika Safran, certified financial planner, tells CNBC Make It.A spokespersonfor Robinhood said the app's features "are meant for informational purposes only, and are not intended to serve as a recommendation to buy or sell any security."

Robinhood's main pitch is that users can make unlimited free trades: It bills its product as "investing for everyone." This encourages some to buy and trade stocks daily, says Safran, who owns New York-based Safran Wealth Advisors, a tactic that financial planners almost always warn against. She likens these trading apps to gambling apps, rather than investing apps.

"I don't see it as a serious vehicle for building wealth," Safran says. "A better way to build wealth is to recognize that investing is not a short-term gain. You need to have time for your investments to grow."

Day trading has always appealed to a certain type of investor, but Safran says apps like Robinhood are different because the barrier to entry is so low: Even novice investors can trade with one click, and they don't need a ton of money to get started, which has historically been an obstacle for some. In fact, halfof Robinhood's 13 million users had never invested before signing up.

"We believe that broader participation in the markets is more democratic and can bring opportunities to many," a Robinhood spokesperson tells CNBC Make It. "Those who dismiss retail investors as 'gamblers' or 'gamers' perpetuate the myth that investing is only for the wealthy and highly educated."

There's a level of sexiness, it's appealing, people find it exciting. Psychologically, it doesn't feel like real money.

Erika Safran

Safran Wealth Advisors

"There's a level of sexiness. It's appealing, people find it exciting," Safran says. "Psychologically, it doesn't feel like real money."

But it is real, and Robinhood still makes money off of its users, even if the company doesn't charge for each trade.

While the U.S. is facing record-high unemployment, the stock market is currently riding high, and some see trading as a way to make money. Robinhood's top three days based on trading volume all occurred in June 2020,and the app added 3 million accounts in the first four months of 2020, according to a spokesperson; TD Ameritrade, a similar investing service, is also reporting record trades.

But day trading as an investment strategy often has disastrous results, says Safran. Even the most seasoned brokers on Wall Street can't beat the market consistently. It's highly unlikely the average investor, home and bored from social distancing, will be able to. The ease of Robinhood's app may encourage users to make bad decisions.

The Robinhood spokesperson added that the vast majority of users are not day traders. "Most of our customers use a buy and hold strategy with their investments," they said.

The company is so successful in part because of how easy the interface is to use, Michael C. Whitman, a North Carolina-based certified financial planner, tells CNBC Make It. But ease-of-use doesn't necessarily translate to easily understanding what you're trading, particularly when you are a novice.

"These are super dangerous, because trading securities can be complex," says Whitman. "You should really weigh pros and cons before blindly purchasing stocks."

And it's not just stocks.The app provides its largely novice base access to trading more complicated instruments like options. An options contractgives the holder the right to buy or sell an underlying security at a specific price until a certain date, and Robinhood users traded them at the highest pace of any retail brokerage, according to a recent analysis from the New York Times. The app encourages users looking at their account settings to "step up with free options trading."

Traders use options contracts to speculate.Robinhood, like other brokerage firms, requires customers who want to trade options to disclose their investment experience and knowledge, among other information. They are also required to acknowledge the risk they are taking on, says a spokesperson.

An extreme example of the danger of trading options occurred earlier this year, when Alex Kearns, a 20-year-old college student in Nebraska,diedby suicide after his Robinhood account through which he was trading options appeared to show a balance of negative $730,165. Suicide is the result of many contributing factors, not a single event, but his family said Kearns, who was a novice investor, may have misunderstood his financial statement.

In the wake of his death, Robinhoodannounced it would make changes to its platform, including making it more difficult to access options trading. Other users have reported not understanding what they were getting into.

"During one of my conversations with a probono client, she asked me what the difference is between a swing trade and a day trade," says Safran, noting the client, who used Robinhood, had just $700 invested, total. "It wasn't important that she knew what the terms meant, most people don't. What was dangerous was that it was on her radar."

Trading isn't necessarily bad if you already have a strong financial foundation:You've paid off debt, built up your emergency savings, and you are investing consistently in a diversified portfolio of stocks and bonds with a long-term outlook. Most important, you needtounderstand the risks involved and do the research before you invest extra cash in individual stocks. (Robinhood does offer beginner investor guides on its website.)

If Atlantic City were open, I would recommend they go there. At least you get a free drink while you gamble.

Erika Safran

Safran Wealth Advisors

But day trading shouldn't be your sole investing or income strategy. This is especially true foryounger investors, who haven't yet built up their retirement investments or established their financial independence, says Safran. They should focus on long-term investments. While Robinhood does offer ETFs, it doesn't offer mutual funds. And there's no confetti for locking-in to a long-term strategy.

"If an investor has a core portfolio which they recognize is not a trading vehicle, then go ahead, gamble with Robinhood," says Safran. "If Atlantic City were open, I would recommend they go there. At least you get a free drink while you gamble."

Clarification: This was post was updated with additional comment from Robinhood about the app's features.

Don't miss:Here's how Robinhood is raking in record cash on customer trades despite making it free

Check out:Americans spend over $5,000 a year on groceriessave hundreds at supermarkets with these cards

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Trading apps like Robinhood are having a moment. But users should be careful - CNBC

Armenia's Prime Minister Nikol Pashinyan and Azerbaijan's President Ilham Aliyev attend a meeting of heads of the Commonwealth of Independent States (CIS) in Ashgabat, Turkmenistan October 11, 2019. Sputnik/Alexei Druzhinin/Kremlin via REUTERS

Last month, Armenia and Azerbaijan had their second most serious flareup in fighting since their 1994 ceasefire during their war over Nagorno Karabakh. These latest clashes may have unleashed a dangerous new geopolitical dynamic: heavy weapons fire near strategic transportation assets, military posturing between Russia and Turkey, and lack of an appropriate mediation mechanism. In the absence of US or EU leadership, it may be up to Turkey and Russia to redirect Azerbaijan and Armenia away from the battlefield and toward the negotiating table.

Who shot first on July 12 remains unclear. Both sides agree a pair of Azerbaijani soldiers were riding that night in a jeep along the two countries un-demarcated international border. Yerevan claims its troops warned the two Azerbaijani soldiers to retreat and Azerbaijan responded with artillery fire; Baku claims Armenian artillery fired unprovoked. Ultimately, fifteen Azerbaijani soldiers, including a general, were killed, along with one civilian in Tovuz Province. Four troops and one civilian perished across the border in Armenias Tavush Province.

The location of these latest clashes is significant. Tovuz is far from Nagorno Karabakh, which, along with its seven surrounding regions, is internationally recognized as part of Azerbaijan but occupied by Armenia. Frustrated by Armenias non-compliance with four United Nations Security Council resolutions demanding Armenia withdraw immediately, Baku has threatened to liberate these territories by force. But Tovuz is different. It is one of the last places Baku would want to see fighting because it lies directly on strategic transportation lines that are essential to Azerbaijans independence, economic vitality, and strategic significance. These are the:

This infrastructure is also strategically important to the United States and NATO. Washington has promoted these oil/gas pipelines for twenty-five years to help its European allies reduce their dependence on Russia, while also avoiding Iran. Meanwhile, the road and rail lines and airspace above comprise a crucial US logistics channel into Afghanistan, enabling one-third of all non-lethal supplies to NATO troops at the height of the Afghan war. And by providing alternatives to Chinas Belt and Road Initiative, these transit links can also help the countries of Central Asia and the South Caucasus maintain their own financial independence.

Russia, of course, opposes these routes, seeking to maximize flows of energy, goods, and data via its own networks. Tehran, meanwhile, is expanding its trade corridor into Armenia and onward to post-Soviet and European markets thanks to Armenias membership in the Eurasian Economic Union (led by Russia) and its Deep and Comprehensive Free Trade Agreement with the EU. Iran has also reportedly been delivering fuel to Nagorno-Karabakh via Armenia, while Irans airspace was essential for Russias delivery of weapons to Armenia following its clash with Azerbaijan in July.

Azerbaijans shelling of Armenias sovereign territory in Tavush, even if in self-defense, provides a justification for Yerevan to request military assistance from the Russia-led Collective Security Treaty Organization (CSTO), a military alliance that includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Tajikistan. Armenias leaders have long tried to leverage the CSTO against Azerbaijan. They were unable to do so during larger military clashes in April 2016 because that conflict occurred on Azerbaijani territory (near Nagorno-Karabakh). At that time, then-Secretary General of the CSTO Nikolai Bordyuzha explained that the CSTO could assist Armenia only if an attack occurred on Armenias internationally recognized territory.

Last months fighting, in contrast, occurred partially on Armenias sovereign territory, which provided Yerevan an opportunity to request an emergency session of the CSTO. Yerevan quickly withdrew its request, however, as an evenhanded CSTO statement on July 14 criticized the violation of the ceasefire agreed by the leaderships of [both] Armenia and Azerbaijan.

Russia nevertheless responded unilaterally, launching its own snap combat drills in Armenia during July 17-20, drawing on its 102rd military base in Gyumri, Armenia.

Turkey also responded firmly. President Recep Tayyip Erdoan noted on July 14 that Turkey will never hesitate to stand against any attack on the rights and lands of Azerbaijan, with which it has deep-rooted friendly ties and brotherly relations, and condemning what he termed Armenias reckless and systematic attacks on Azerbaijan. Turkeys Defense Minister Hulusi Akar then warned on July 16 that Armenia will be brought to account for its attack on Azerbaijan. Large-scale Turkish-Azerbaijani military exercises followed during July 29-August 10.

While Turkey and Russia square off in the South Caucasus just as they are in Syria and Libya, neither seeks further escalation. Russia was fought to a standstill by NATOs second largest military in Syria last February and Libya in May. Turkey, meanwhile, has historically preferred to deter rather than confront Russias military adventurism, while preserving the countries strong economic relations.

The existing international mediation mechanism to contain conflict between Armenia and Azerbaijan, however, does not seem fit-for-purpose. The Minsk Group of the Organization of Security and Cooperation in Europe (OSCE) has mediated between Azerbaijan and Armenia since 1992. It is co-chaired by the United States, Russia, and France. (I was the US co-chair during 2006-2009). The groups mandate, however, limits its focus to Nagorno-Karabakh and its seven surrounding Azerbaijani regions rather than to Armenian territory. Even if its mandate were broadened, Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev both seem to have given up for now on the Minsk Group. Pashinyan affirmed during an August 14 BBC TV interview that he had abandoned the basic principles of a Nagorno-Karabakh settlement negotiated by the Minsk Group to which his predecessor informally agreed in January 2009. Aliyev, meanwhile, cited meaningless negotiations with Armenia when he fired his respected and veteran Foreign Minister Elmar Mammadyarov on July 16. This occurred against the backdrop of tens of thousands of protestors in Baku demanding a revenge attack against Armenia for what they viewed as a military provocation in Tovuz.

It may therefore fall to Ankara and Moscow to fill a diplomatic vacuum and convince their respective allies to return to the negotiating table. Despite sharp differences with Russia and Turkey on many fronts, the United States and its European allies would be wise to encourage and shape such a forum. The alternative could be a mutual escalation of emotions and military tension between Azerbaijan and Armenia. While neither Armenia nor Azerbaijan could sustain a full-scale war, even a more limited armed conflict could knock out strategic assets on which NATO and the EU depend. The only beneficiaries would be Russia, Iran, and perhaps China and its Belt and Road Initiative.

Matthew Bryza is a senior fellow with the Atlantic Council Global Energy Center. He served as a US diplomat for over two decades, including as US ambassador to Azerbaijan and deputy assistant secretary of state for European and Eurasian affairs.

Fri, Jun 12, 2020

The Southern Gas Corridor (SGC) represents a historic success for Azerbaijan and the European Union (EU) in regard to their common quest for new energy supply sources and routes. Over the last decade, the EU has intensified its efforts to expand the SGC, seeking to attract gas from Turkmenistan. The time is now ripe to connect Turkmen gas with SGC infrastructure and the European market through a Trans-Caspian Gas Pipeline.

EnergySourcebyMatthew Bryza, Robert M. Cutler, and Giorgi Vashakmadze

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Russia and Turkey may fill in the diplomatic vacuum on Armenia-Azerbaijan conflict - Atlantic Council

LAUREN GILGER: Since the pandemic hit our state, domestic violence advocates have been worried. What can victims do when they are being told to stay at home when home is not a safe place for them to be? [In early August], the Phoenix Police Department reported that violent crimewent up sharply in the first six months of this year in the first half of 2020 there were 24 homicides tied to domestic violence. That's up 140% from the same time the year before. There are many reasons for this from victims being stuck at home with abusive partners to being cut off from their support systems. And on top of that, it's more difficult than ever for women to access things like counseling and support groups because, well, we're all supposed to be staying away from one another. So now many of those services are becoming virtual. Catholic Charities is offering virtual counseling to connect with victims by computer or phone, even if they have to take the call from their car or while hiding in a bathroom. So let's hear now from one of those counselors who's trying to help victims of domestic violence remotely during this pandemic, Roxanna Francies. I spoke with her more about her work and how she's seeing the pandemic make things harder for her clients right now.

ROXANNA FRANCIES: I have seen this different stressors that have come from the pandemic, of course, and how it's, they've influenced the lives of victims or survivors, right, depending on where they're at in their journey. The lack of employment or lack of employment opportunity, children being at home and now, most recently, children being at home and in school that just exacerbates the stress at home, which then just further perpetuates more incidents of abuse or at least gives opportunity to have more incidents of violence or abuse from, from intimate partners.

GILGER: So what are you hearing from, from victims that you're working with now? Like what kinds of situations are they finding themselves in as a result of this?

FRANCIES: I think the big one, of course, is probably the lack of privacy or the, you know, just not being able to do the regular stuff where there used to be safe places, maybe even just like going to the grocery was a safe place. It was a break from being from home or, you know, being able to visit family members or, you know, just being able to, to get out or even some of, some of my clients who join our D.V. support group, right. That would be like an hour, an hour and a half a week where they could just come and talk to other women who had similar experience, right. That's no long that's not an option anymore for a lot of people. I've had some of my clients who have to take phone calls our, our, our now virtual counseling, or we do phone calls or we do Zoom calls that have to take it either from a parking lot, from a park bench, they have to take it from, from their car or sometimes even just in the bathroom. And so I hear, I hear children banging on the door like, "Mom, Mom, Mom," it's like, "Hey, Mom is in therapy right now," right? So I think there's definitely that part of, of, of it that is, you know, people are taking precautions, they're not going out. And so that means finding ways around it at home, and I think that's very difficult for a lot of people.

GILGER: I want to backup for a second because I'm sure there are people who are thinking, you know, why is it that people in this situation who are in, you know, an abusive situation stay in these situations? Right. Like, why would they be in the house to begin with, with an abuser? That is obviously a much more complicated question than it seems. Can you tell us a little bit about why people find themselves in situations like this to begin with?

FRANCIES: People, you know, they, they get the question asked like "Why? Why does she stay?" Right, or "Why? Why are you still with this person?" You know, where there's, like, obvious or very overt abuse or violence. But the truth of the matter is that people who are in a domestic violence situation or you know, just have experienced intimate partner abuse, there's usually other underlying reasons why they stay. For example, the financial part of it is probably a big one, right? They stay because they have nowhere else to go, or sometimes it's just a rationalization of, "You know what, I, things are gonna get better," or "I have faith in our family," right? Like, "I got, we got married for a reason. We have children. I have believe, I have hope that things are gonna be better." Other times it's just fear. It's fear, to, you know, stand up to a person, to have a voice, because there's probably been incidents or, or situations in the past where, you know, you spoke up, you were trying to be brave and it probably didn't go very well. So just fear of what the abuser might do. And I think other times it's also just, there's cultural stigma, right? There's a lot of different cultures or, or family backgrounds, religions that frown upon divorce or, you know, just being a single mother or a single father is not easy, right? So there's also these other familiar cultural restraints that leaves a person in the situation kind of stuck at times.

GILGER: Yeah. Yeah. So as a counselor and now as a counselor who can only work with these people on the phone or maybe online, if you're lucky, how do you help them navigate this?

FRANCIES: So our very first sessions, all of my clients that we do, we do a safety planning. It doesn't matter what part of their journey they're at, we still want to make sure that, that they have a safe place to go if needed if they need to leave their home. And we want to make sure that they can have some type of financial independence in the case that they need to move out. We want to make sure they have a support group. And sometimes when that's not available, we just, we do safety planning around the home. "OK. Then what's the safest place in a home where, you know, there, that is going to be a reduced opportunity for incidents of abuse," right? So we're always trying to protect our clients. So safety is one of the first things that we work on. With other clients who are maybe, they're in the part of their journey where they're getting ready to leave, right, they're where they're getting ready for divorce, we focus a lot on their self-advocacy. "OK. How can you use your voice? How can you speak up? How can you start doing things that are gonna promote your independent living?"

GILGER: Yeah. What are your hopes for this? Is it, is it that this is only a certain amount of time and that you can get back to normal situations and these, these people that you work with will not have to be stuck in homes with their abusers anymore? Or is this something you think is going to be longer term and you're gonna have to figure out better ways to help them cope?

FRANCIES: I mean, I think that's everybody's question, right? Is it, is it going to be just a few months or is it going to be like a permanent change, right? And I think that's a bit more where I'm leaning towards, like, this is our new normal now, and I think we can really make the best out of it. If it is the case, which it seems like it, that, you know, we're going to continue having this telehealth for a while, then making just the best out of it and using technology in our favor. For example, there's been times where, where I've been able to share my screen with clients and we look, we look at a psycho-education video together, right? It's talking a little bit more about what's loneliness or, you know, what's the difference between being sad or disappointed, or even sharing articles using our email more than often, right? Before it was just, you know, just came in, schedule, we'll see you next week. But now we have that communication channel a bit more open through email or text. So there is a, there is a bit more freedom in a lot of other things that can be done through this medium now, this telehealth. And I think just really embracing it and making the best, the best of it is my hope. Yeah, and that we can continue doing good work together, like my clients and I and, and, and harnessing the technology and the times for the better.

GILGER: Yeah. All right. That is Roxanna Francies, a counselor who works with victims of domestic abuse for Catholic Charities here in the Valley. Roxanna, thank you so much for joining us to tell us about this.

FRANCIES: Thank you, Lauren. It was my pleasure.

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'There Is A Bit More Freedom': Arizona Domestic Violence Counselor Optimistic About Move To Virtual Sessions - KJZZ

Dive Brief:

California's Bureau for Private Postsecondary Education (BPPE) fined Lambda School $75,000 last year for operating without state approval.

Lambda officials immediately began registering with BPPE after the fine, they told Education Dive earlier this year, though the school did not heed the state entity's order to halt its work. The school is still appealing the citation from BPPE, according to a spokesperson with the California Department of Consumer Affairs, which oversees the agency.

ISAs have been contentious with BPPE. The state body rejected the school earlier this summer "entirely" because of the financing model, the school's co-founder and CEO, Austen Allred, wrote in a June blog post. Students can pay full tuition upfront, which is typically $30,000, but most opt for the ISA. After getting a job that pays at least $50,000, ISA students pay 17% of their salary every month to the school for 24 months, stopping at $30,000.

BPPE still didn't greenlight ISAs when it approved Lambda's operations, Allred wrote in a more recent blog post. Instead, the school will offer California residents a retail installment contract. The arrangement is similar to an ISA with a few key differences namely, that students don't stop paying after 24 months but rather must continue until they've given back the full $30,000. Students based in other states can still use an ISA.

"[T]his approval is a massive milestone, but not the finish line," Allred wrote. "We believe the ISA remains one of the most student-friendly, lowest-risk alternatives to traditional student debt, and we plan to continue to advocate for it in California and the rest of the U.S."

The consumer affairs department spokesperson provided a statement on BPPE's behalf, confirming that Lambda could operate legally in the state.

"Regulatory approval ensures that institutions provide a quality education to students, in turn opening pathways to career opportunities and financial independence," the statement reads. "As an approved institution, new and existing students are afforded all of the rights and protections offered by the Bureau and the state of California."

Though ISAs have become more prominent in recent years, they have proven controversial nationally. They tend to be used by unaccredited schools such as Lambda. Accreditation would enable students to receive Title IV money, though Lambda officials have said previously they don't want to take federal aid.

But accredited colleges have begun to use ISAs, too, as an alternative to loans and other forms of institutional aid.

Critics of ISAs say the financing tool is akin to debt and may even be more restrictive than private loans. For now, ISAs are covered under consumer credit protections. But supporters of the model are seeking their own categorizations, which a recent analysis by The Century Foundation, a left-leaning think tank, suggests could risk leaving ISA users with fewer protections.

State and federal lawmakers have proposed ISA-specific regulations, and while some state efforts have taken off, federal-level proposals have stalled. A bipartisan bill introduced last year, led by prominent legislators such as Sen. Marco Rubio, R-Fl., did not see any movement, but it would have introduced a regulatory framework for ISAs.

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Coding academy Lambda School approved to operate in California - Education Dive